上海前三季度房地产数据出炉，“沪六条”后新房成交环比大涨

Core Insights - The high-end new housing projects in Shanghai remain popular, while the second-hand housing market has rebounded to over 20,000 transactions [1][4] Economic Performance - In the first three quarters of 2023, Shanghai's economy showed a stable and improving trend, with real estate development investment increasing by 2.2% year-on-year [2] - The total construction area for commercial housing reached 155.91 million square meters, a slight increase of 0.1%, while residential construction area grew by 0.9% to 72.37 million square meters [2] Sales Performance - The sales area of commercial housing decreased by 0.3% to 12.02 million square meters, with residential sales down by 3.8% to 9.57 million square meters [3] - However, the decline in sales area has narrowed compared to previous months, indicating the effectiveness of the "Six Policies" released on August 25 [3] Policy Impact - The "Six Policies" include adjustments to housing purchase restrictions, housing provident fund, housing credit, and housing tax, which have positively impacted the market [3] - The policies allow eligible families to purchase unlimited properties outside the outer ring of Shanghai, while single adults are subject to the same restrictions as families [3] Market Activity - The "Golden September and Silver October" period has shown strong performance, with high-end residential projects selling out quickly, such as the Jinling Huating project with a total value exceeding 9.8 billion yuan [4] - The second-hand housing market saw 20,389 transactions in September, marking a return to the 20,000 transaction level [4] Land Market - The recent land auction in Shanghai set a record for the highest land price in the city's riverside area at 14.85 million yuan per square meter, indicating strong land value [4] - The total revenue from the eighth batch of land sales approached 19.8 billion yuan, reflecting the resilience of land value in Shanghai [4]