Beijing's new-home market has been brisk since October, with higher turnover.
In some real estate sales offices, customers intending to buy a new home packed the reception areas.
Some property offices receive 200 to 300 groups of clients a day.
"We've found an 80-square-meter apartment we like and plan to sign a letter of intent to purchase it," said a local resident.
Many new-home developments have seen an increase in inquiries and in-person visits, with visitor numbers at some projects nearly doubling compared with September.
"Recently, some prospective buyers have come to view the development in the morning, shown strong interest, and returned that afternoon to sign preliminary letters of intent to purchase. Others have already reached out to us on WeChat to ask about the project's sales progress. We can feel that the market is heating up," said Xiang Xue, a real estate salesperson.
Latest data show that from October 1 to 8, transactions of newly built commercial housing in Beijing totaled 128,400 square meters, up 163 percent year on year.
"Buyers' enthusiasm has risen noticeably, helping turn more prospective interest into actual home purchases," said Wu Jing, director of Tsinghua University's real estate research center.
New-home sales in Beijing pick up since October
