Core Viewpoint - In August, new home prices in 100 Chinese cities continued to rise month-on-month, while second-hand home prices experienced a decline, indicating a mixed trend in the real estate market [1][2]. Group 1: New Home Prices - The average price of new residential properties in 100 cities was 16,910 yuan per square meter, reflecting a month-on-month increase of 0.20% and a year-on-year increase of 2.73% [1]. - Cities such as Hangzhou, Shanghai, and Hefei saw the highest month-on-month increases in new home prices, with rises of 0.92%, 0.86%, and 0.82% respectively [1]. Group 2: Second-Hand Home Prices - The average price of second-hand residential properties in 100 cities was 13,481 yuan per square meter, showing a month-on-month decrease of 0.76% and a year-on-year decline of 7.34% [1]. - The decline in second-hand home prices was less severe compared to the previous month, with a reduction of only 0.01 percentage points [1]. Group 3: Market Dynamics - The overall market remains in a seasonal lull, with developers showing weaker sales efforts despite some core cities launching quality improvement projects [1]. - The high listing volume of second-hand homes indicates a trend of "price for volume" in the market [1]. Group 4: Policy Changes - In August, Beijing and Shanghai relaxed home purchase policies, allowing eligible buyers to purchase unlimited properties outside the city limits, and Shanghai eliminated the distinction in mortgage rates between first and second homes [2]. - The introduction of new supportive policies for the real estate market is anticipated, especially with expectations of a potential interest rate cut by the Federal Reserve, which may further open up domestic monetary policy space [2].
8月中国百城新房价格环比继续上涨 二手房价下跌
Zhong Guo Xin Wen Wang·2025-09-01 10:58