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Institutions | In March, the average listing price of second-hand residential properties in Shanghai ended a continuous 33-month decline.
On April 1, the China Index Academy released the “100-City Price Index Report.” In March, Shanghai’s existing home prices rose 0.08% month over month, marking the first increase since June 2023 and ending the previous streak of declines lasting 33 consecutive months. Since the “Shanghai Seven Articles” policy was implemented one month ago, Shanghai has become the most active city in this year’s “mild spring” market. In March, sales of secondhand commercial residential properties exceeded 30k units, the highest level in nearly five years, showing an uptrend in both volume and prices.