Core Insights - The Chinese real estate market has been experiencing accelerated adjustments since April 2023, a trend expected to continue into 2024, with average second-hand housing prices in 100 cities dropping for 22 consecutive months [1] - Five major transformations are anticipated in the Chinese real estate market in 2024, significantly impacting its structure and dynamics [8] Group 1: Major Transformations - Transformation Five: A new wave of demolition targeting urban villages and prefabricated houses is expected in 2024, driven by safety concerns due to aging structures [1] - Transformation Four: The construction of affordable housing is set to accelerate, with a government plan to build 6 million units over the next five years, shifting focus from the commodity housing market to providing housing security for low-income groups [3] - Transformation Three: The trend of selling properties as completed units is expected to rise, as calls to abolish the pre-sale system grow due to debt defaults and unfinished projects by major developers [3] Group 2: Market Trends - Transformation Two: Housing prices in first-tier cities are likely to continue declining, with significant drops observed in core areas, such as a 30-40% decrease in central Shanghai prices compared to 2021 peaks [5] - Transformation One: Government policies aimed at stabilizing the real estate market are expected to intensify, including potential further relaxations of purchase restrictions and reductions in mortgage rates below 4% [7]
中国楼市将面临巨变!懂行人预测:楼市可能会出现这5个变化!
Sou Hu Cai Jing·2025-07-05 05:32