Group 1: Economic Overview - The National Bureau of Statistics reported that the real estate market is stabilizing, with policies implemented to promote housing demand and reduce inventory [1][20] - In the first eight months of 2025, new residential sales area decreased by 4.7% year-on-year, with sales revenue down by 7.3% [2][11] - The new housing transaction scale remains at a seasonal low, but some cities like Chongqing and Kunming have shown year-on-year increases in transaction volume [3][8] Group 2: Price Trends - In August 2025, the price decline of new residential properties continued to narrow, with first-tier cities experiencing a 0.1% month-on-month decrease [6][8] - Year-on-year, first-tier cities saw a 0.9% drop in new residential prices, with Shanghai showing a 5.9% increase [6][7] - The second-hand housing market also saw price declines, with first-tier cities down 3.5% year-on-year, but the decline is narrowing [7][8] Group 3: Construction and Investment - From January to August 2025, the construction area of residential properties fell by 9.6%, while new construction area dropped by 19.5% [11][14] - Real estate development investment decreased by 12.9% year-on-year, with a notable decline in the frequency of high-quality land sales in major cities [17][20] - The market is expected to see marginal improvements in new construction area as inventory structures improve and urban renewal progresses [11][20] Group 4: Policy Impact - Recent policy measures have been introduced to stabilize the real estate market, including easing purchase restrictions in major cities [7][20] - The government emphasizes the need for urban renewal and improving housing supply to meet demand [1][20] - The ongoing support for high-quality product supply and local incentives is expected to help stabilize new housing prices and improve transaction volumes [20]
国家统计局:新房成交季节性低位,房价同比降幅继续收窄
3 6 Ke·2025-09-16 02:22