Core Viewpoint - The article discusses the recent policy adjustments in major Chinese cities aimed at stabilizing the real estate market, highlighting the positive effects of these measures on housing demand and market activity [1][10]. Policy Adjustments - Major cities like Guangzhou, Beijing, Shanghai, and Shenzhen have implemented significant policy changes to stimulate the real estate market, including the removal of purchase restrictions and adjustments to loan policies [1][2][8]. - In June, Guangzhou fully lifted purchase restrictions and reduced down payment ratios and interest rates; in August, Beijing and Shanghai followed suit with similar relaxations [1][2]. Market Performance - Following the policy changes, Beijing saw a 37% increase in housing provident fund loan applications in the first month after the new policy, indicating a strong market response [2]. - The real estate market in first-tier cities is showing signs of recovery, with core urban land markets remaining active, which is expected to positively influence second-tier cities [1][12]. Regional Variations - The performance of the housing market is not uniform across regions; for instance, the second-hand housing market within Beijing's Fifth Ring faces significant price pressure due to competition, while new homes in popular areas outside the Fifth Ring are benefiting from policy incentives [2][5]. - In Shanghai, the new policies have led to increased interest in areas like Qingpu and Songjiang, while other districts like Jinshan and Fengxian are still experiencing downward trends [5]. Land Use and Development - Guangzhou has introduced a new land use efficiency reform plan, allowing previously self-held properties to be sold, which may lead to a short-term increase in supply [6][11]. - The recent policies in Shenzhen include differentiated management of purchase qualifications, which aims to balance housing demand across different regions [7][8]. Market Sentiment and Future Outlook - The overall sentiment in the real estate market is improving, with indicators suggesting a potential end to the downward trend observed since June, particularly during the traditional peak season of "Golden September and Silver October" [10][12]. - Analysts predict that the recovery in first-tier cities will have a ripple effect on second-tier cities, enhancing overall market confidence [12].
【财经分析】首提“止跌回稳”满一年 一线城市房地产市场数据见好
Xin Hua Cai Jing·2025-09-28 13:46