China's second-hand home online-signed area up 10.7% year on year in January-September
In short
The online-signed area of second-hand home transactions in China reached 617.46 million square metres in January to September, up 10.7% year on year, according to China Construction News (中国建设报). CLS, 36Kr and Jiemian carried the figure on October 9.
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The online-signed area of second-hand home transactions across China reached 617.46 million square metres in January to September, an increase of 10.7% year on year, according to China Construction News (中国建设报). CLS reported the figure at 09:56 local time on October 9, citing the newspaper; 36Kr and Jiemian carried the same figure shortly afterwards, also citing China Construction News. None of the reports gave further detail. [ 1 , 2 , 3 ]
Why it matters
The figure is a nationwide measure of activity in China's second-hand housing market over the first nine months of the year. Business and tech outlets carried it without further comment.
Key facts
- The nationwide online-signed area of second-hand home transactions was 617.46 million square metres in January to September. [ 1 , 2 , 3 ]
- The area was up 10.7% year on year. [ 1 , 2 , 3 ]
- The figure was attributed to China Construction News (中国建设报). [ 1 , 2 , 3 ]
- CLS, 36Kr and Jiemian reported the figure on October 9. [ 1 , 2 , 3 ]
Confirmed by several sources
Still unclear
- What the figure was for the same period last year, and how it was compiled. The documents give only the total area and the year-on-year change, with no comparison figure or method.
- How many transactions or what value the area represents. The documents report only floor area.