The China Index Research Institute published an article stating that since October, second-hand housing transactions have remained active, and the new housing market is still undergoing an adjustment period. According to data monitoring by the China Index, the number of second-hand residential units sold in the 20 key cities increased 20% year on year in October, and the increase was increased compared to the previous month. The transaction area of newly built commercial housing in the key 30 cities decreased 13% year on year. Second-hand housing markets in Beijing, Shanghai and some second-tier cities continued to be highly active. In the new housing market, Beijing was driven by early supply volume. High-quality projects in core areas of some cities were popular, but in most cities, the year-on-year decline was still declining.

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