昆明新建住宅供应规模处较高水平，未来四代宅和新规住宅二分天下

Core Viewpoint - The real estate market in Kunming is experiencing a stable increase in new residential supply, with a year-on-year growth of 20.2% in the first five months of the year, indicating sustained market heat and a robust supply scale [1]. Supply Overview - The total new residential supply area in Kunming's main urban area from January to May is approximately 92 million square meters, with 34 main projects contributing to this supply [1]. - Key projects by supply area include: Zhuyou Shuanghe Bay, Bangtai Yujiaojing, China Railway Nord Central Xi Chunfeng, and others, with several projects being top sellers in the market [1]. Project Performance - Bangtai Guanyun and Yicheng Danxia Cuiyu are among the first fourth-generation residential projects in Kunming, achieving significant sales with transaction amounts of 2.09 billion yuan and 1.10 billion yuan respectively [2][3]. - The average transaction price for Bangtai Guanyun is above 19,000 yuan per square meter, while Yicheng Danxia Cuiyu exceeds 22,000 yuan per square meter [3]. Market Trends - The overall supply trend in Kunming's real estate market is expected to improve, with a notable increase in supply following a slowdown in early 2024 due to market conditions [9]. - Future key projects expected to enter the market include New Hope Jinguangfu, Longhu Fengcui, and others, which will adhere to new residential regulations [9][12]. Sales Dynamics - The sales pace of new projects is accelerating, with a diverse range of product types being introduced, including high-end and quality housing options [12]. - The competitive landscape is intensifying among fourth-generation and excellent third-generation residential projects, driven by the introduction of new housing regulations [12].