During the Spring Festival holiday of the Year of the Tiger, the property market transactions in many places were sluggish, except for one place - Shanghai.

According to data from the China Index Academy, the sales of new houses in Shanghai rose by more than 640% in the seven days of the Spring Festival.

The Shenzhen property market, which is also a first-tier city, is almost "zero transaction".

Why is the Shanghai property market thriving during the Spring Festival?

Is it time to buy a home?

Responsible editor: [Ji Xiang]