Today, the latest data released by the Shenzhen Real Estate Agents Association shows that in the first week of 2026, a total of 1,115 second-hand homes (including self-listed properties) were recorded citywide, a 22.6% decrease from the previous week. The decline in recorded transactions was primarily due to the temporary impact of the New Year’s Day holiday, though overall levels remain relatively high. Additionally, in December 2025, Shenzhen recorded 6,612 second-hand home transactions, a 14.8% increase from the previous month. According to data from the Shenzhen Real Estate Information Platform, during the first week of 2026, the city recorded 1,418 new home transactions (pre-sale and ready-to-move-in), a 3.8% decrease from the previous week. Of these, 929 units were commercial and office properties, marking a 9% month-over-month increase. Industry analysts believe that with the Ministry of Finance’s reduction of the value-added tax on real estate transactions, the secondary housing market is expected to continue its recovery in 2026, bolstered by these policy benefits. Lu Wenxi, an analyst at Shanghai Centaline Property, noted that market sentiment at the end of 2025 was generally positive. Measures such as VAT reductions help lower transaction costs, revitalize the existing housing stock, and facilitate smoother transactions in both the new and secondary housing markets. (Securities Times)