Shanghai launched a commercial housing "trade-in" activity, with the first batch of more than 20 real estate enterprises and nearly 10 intermediary institutions participating

On May 3rd, Shanghai joined the queue of "trade-in" of commercial housing. On May 3rd, the Shanghai Real Estate Industry Association and the Shanghai Real Estate Brokerage Industry Association jointly initiated the "trade-in" activity of commercial housing in Shanghai. Through the "trade-in" model, it will be convenient for residents to replace their houses and better support their reasonable layer of real estate needs. The "trade-in" of commercial housing is mainly aimed at residents who plan to sell second-hand housing and buy new houses. Residents who buy houses first reach an intention to buy new houses with real estate development enterprises, and then the real estate brokerage institutions will give priority to promoting their old house transactions. After the old houses are successfully sold, the new house transactions will be completed as agreed. The first batch of real estate development enterprises to participate in the initiative includes more than 20 real estate development enterprises and nearly 10 real estate brokerage institutions. The first batch of more than 30 projects participated in the initiative, mainly distributed in Jiading, Songjiang, Qingpu, Fengxian, Lingang and other regions.