New home sales are picking up in China’s major cities, but sales of pre-owned, or in Chinese second-hand homes, are doing even better.

Last month, trading volume and prices broke their five-year record. Dong Yiling of ICS filed this report from Shanghai.

Pre-owned housing market heats up in China

New home sales are picking up in China's major cities, but sales of pre- owned, or in Chinese second-hand homes, are doing even better. Last month, trading volume and prices broke their five-year record.