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News & Politics

Secondhand Homes Overtake New Sales as China Declares Its Housing 'Stock Era'
News & Politics

Secondhand Homes Overtake New Sales as China Declares Its Housing 'Stock Era'

China's housing ministry said the country's property market has entered a 'stock era', with secondhand homes making up 52 percent of transactions in the first eight months of 2026. The same week, sellers on Weibo began trending for refusing to cut prices — the clearest sign yet that the world's largest property market is reorganizing around the homes it already has.