成都为何持续稳居热点城市前列？

Core Insights - The real estate market in Chengdu remains resilient despite overall market pressures, with significant growth in both new and second-hand housing transactions [1][9][12] - Chengdu ranks first among key cities in terms of both new and second-hand housing transaction volumes, indicating a strong market position [2][9] - The total area of residential land in Chengdu has decreased significantly, reflecting a tightening supply which supports market stability [15][19] Group 1: New Housing Market - In the first three quarters of 2025, new housing transactions in Chengdu reached 930 million square meters, a year-on-year increase of 2% [1][3] - September saw a monthly transaction volume of 84 million square meters, with a month-on-month increase of 9% and a year-on-year increase of 7% [3][28] - Chengdu has consistently ranked first in new housing transactions among 30 key cities since 2020, with a widening gap from the second-ranked city [6][12] Group 2: Second-Hand Housing Market - Chengdu's second-hand housing transactions totaled 1,466 million square meters in the first three quarters of 2025, marking a 24% year-on-year increase [9][12] - The proportion of second-hand housing transactions has risen from 16.13% in 2021 to 64.51% by September 2025, indicating a strong market shift [12][28] - Chengdu's second-hand housing market has shown continuous growth for three years, contrasting with the declining trends in many other cities [12][22] Group 3: Land Supply and Market Dynamics - The total area of residential land in Chengdu has decreased to 2,307 hectares, down 28% from its peak in early 2022 [15][19] - The area of undeveloped land has dropped by over 50% since early 2022, indicating a significant reduction in available land for new projects [19][22] - The combination of population growth, stable housing prices, and strong market demand contributes to the resilience of Chengdu's real estate market [22][25]