# Secondary Market Trends

Hangzhou’s Gilded Paradox: Luxury Property Hits Decade High as Broader Market Corrects

Hangzhou's real estate market in H1 2026 is characterized by a record-breaking surge in ultra-luxury home sales despite a 15-year low in overall new home volume. The secondary market remains stable but price-sensitive, as the city's tech-driven wealth continues to seek scarcity and quality in core urban areas.