On the eve of the launch of the Central Property Market Combo, the second-hand housing market in Beijing had already bottomed out and rebounded. On September 1, according to the latest statistics from the Beijing Municipal Housing and Construction Commission, in August, the number of second-hand housing contracts in Beijing exceeded 13,000 units, an increase of nearly 4 percentage points over the previous year, and a slight decrease from month to month. What is behind the weak data in the off-season is that the resilient market bottomed out and rebounded during the off-season: a Beijing Commercial Daily reporter visited a number of regional second-hand housing agencies and learned that after implementing policies to optimize the local property market in Beijing on August 7, the popularity of market buyers picked up significantly in the second half of August. Compared to before the implementation of the policy, the number of customer inquiries and listings viewed at some intermediary stores increased by more than 20%. Many intermediary agents said that the August business was already comparable to the “Golden Three Silver Four” traditional peak sales season. Some agents that originally planned to take a vacation during the off-season were forced to postpone their vacation arrangements due to the concentration of customer demand for house viewing.

On the eve of the launch of the Central Property Market Combo, the second-hand housing market in Beijing had already bottomed out and rebounded. On September 1, according to the latest statistics from the Beijing Municipal Housing and Construction Commission, in August, the number of second-hand housing contracts in Beijing exceeded 13,000 units, an increase of nearly 4 percentage points over the previous year, and a slight decrease from month to month. What is behind the weak data in the off-season is that the resilient market bottomed out and rebounded during the off-season: a Beijing Commercial Daily reporter visited a number of regional second-hand housing agencies and learned that after implementing policies to optimize the local property market in Beijing on August 7, the popularity of market buyers picked up significantly in the second half of August. Compared to before the implementation of the policy, the number of customer inquiries and listings viewed at some intermediary stores increased by more than 20%. Many intermediary agents said that the August business was already comparable to the “Golden Three Silver Four” traditional peak sales season. Some agents that originally planned to take a vacation during the off-season were forced to postpone their vacation arrangements due to the concentration of customer demand for house viewing.