Greater China Banks Daily "Shanghai bought 523 second-hand homes for aff..."

Research evidence excerpt

Greater China Banks Daily "Shanghai bought 523 second-hand homes for aff..."

Global Research

22 May 2026ab

Greater China Banks Daily Equities

ChinaShanghai bought 523 second-hand homes for

affordable rental housing; April unemployment Banks

rate edged lower across age groups MayAnalystYan

may.yan@ubs.com

+852-2971 7157

Shanghai bought 523 second-hand homes for affordable rental housing Alex Ye

Analyst

Yicai, May 21: Shanghai has bought 523 existing second-hand homes since early S1460522090005

February for use as affordable rental housing under a pilot program, according to the alex.ye@ubs.com

city’s housing authority. The acquired units are mainly in Xuhui, Pudong, and Jing’an, +86 755 2215 8858

with a focus on small apartments under 70 square meters and priced below RMB 4

Catherine Yang, CFA

million. Judging by their location, size, and price, most of the homes are older, lower- Analyst

quality units in core urban areas. The city said the pilot is likely to expand to all central S1460526010003

districts of Shanghai. In the second quarter, the program was already widened to include catherine-za.yang@ubs.com

several more central districts, including Huangpu, Changning, Hongkou, Putuo, and +86-755-2215 8860

Yangpu. Meanwhile, Shanghai’s second-hand home sales reached 16,000 units in May Helen Li, CFA

as of May 19, up 26% YoY. Analyst

helen-za.li@ubs.com

April unemployment rate edged lower across age groups +852-2971 6066

Caixin, May 21: China’s urban surveyed unemployment rate edged down to 5.2% in

April from the previous month, though it remained slightly higher than a year earlier.

Jobless rates also eased across age groups, suggesting some moderation after a recent

rise. The unemployment rate for people aged 16 to 24 fell 0.6ppt from March to 16.3%.