The average loan interest rate for first-time house purchasers in Shenzhen was 5.19% in September 2019, lower than the national interest rate of 5.51%.
By the end of Q3/2019, the volume of new supply in Shenzhen's first-hand residential sales market increased to approximately 1.5 million sq m, up 20.9% Quarter-on-Quarter (QoQ).
Transaction volume for the first-hand residential sales market decreased to approximately 1.1 million sq m, down 14.0% QoQ.
The average price of the first-hand residential sales market increased to RMB56,421 per sq m, up 2.0% QoQ and 2.7% Year-on-Year (YoY).