威海楼市为何“量减质升”

Core Insights - The real estate market in Weihai is experiencing a stark contrast between declining transaction volumes and rising quality, indicating a transformation in market dynamics [2][10] - The shift in buyer preferences from "buying cheap" to "buying quality" is evident, with high-end residential projects gaining traction despite an overall decrease in new housing sales [2][5] Market Trends - In 2024, Weihai's new residential sales reached a 10-year low of 7,566 units, a 30% year-on-year decrease, while high-end properties saw significant sales, with the top project, Shengde Wanhua Academy, achieving a sales volume of 580 million yuan [2][4] - The demand for larger, high-quality homes is increasing, with 69% of new products in the main urban area being improvement-type properties, although there is a mismatch in supply [5][9] Buyer Demographics - High-net-worth individuals are increasingly viewing Weihai as a second home destination, prioritizing community culture and property services over mere price advantages [5][6] - The proportion of external buyers in the main urban area has decreased from 55% to 28.6%, yet their preference for larger, higher-priced homes has risen [7][9] Development Strategies - Real estate companies are compelled to enhance quality in response to discerning external buyers, leading to a focus on high-quality residential projects [6][8] - Policies supporting high-quality housing development, such as increased loan limits for quality homes, are being implemented to stimulate demand [6][9] Challenges and Opportunities - The transition to a quality-focused market presents challenges, including potential volatility if reliance on external high-end buyers increases [7][10] - There is a pressing need to balance the supply of small units (under 90 square meters) with high-end offerings to address the current supply-demand imbalance [9][10]