Shenzhen reports strong home sales

Encouraged by policy stimulations, the real estate market in Shenzhen, Guangdong province, showed positive signals during the weeklong National Day holiday.

From Oct 1 to 7, a total of 1,841 new homes in the city were subscribed, marking a six-fold increase compared to the same period last year, a local newspaper reported citing data from the housing and construction bureau of Shenzhen.

Daily inquiries and transactions of pre-owned homes by leading real estate agencies also soared. For instance, the real estate agency Centaline Property received millions of daily visits to its websites and more than 5,000 inquiries on average during the seven days, with transaction volume of new and pre-owned homes surging more than 10 times and 270 percent, respectively, year-on-year.