Shanghai joined the “trade-in” queue for commercial housing. On May 3, the Shanghai Real Estate Industry Association and the Shanghai Real Estate Agents Association jointly initiated a commercial housing “trade-in” campaign throughout Shanghai. Through the “trade-in” model, it will be easier for residents to replace housing and better support residents' reasonable graded home buying needs. Commercial housing “trade-in” is mainly aimed at homebuyers who plan to sell second-hand housing and buy new homes. Home buyers first reach an intention to buy a new home with the real estate development company, then the real estate brokerage agency gives priority to promoting their old housing transactions. After the old house is successfully sold, the new housing transaction is completed as agreed. More than 20 real estate development companies and nearly 10 real estate brokerage agencies joined the initiative in the first batch. The first batch of more than 30 projects participated in the initiative, mainly in Jiading, Songjiang, Qingpu, Fengxian, and Lingang regions.
上海推出商品住房“以旧换新”活动，首批参与房企20多家、中介机构近10家
Shanghai launched a “trade-in” campaign for commercial housing. More than 20 housing enterprises and nearly 10 intermediaries participated in the first batch
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