上海“10万+”新盘有所降温

Core Insights - The real estate market in major cities, particularly Shanghai, continues to show positive price trends, with new home prices in Shanghai increasing by 10.7% year-on-year in October [2][6] - Eight out of ten major cities reported both month-on-month and year-on-year increases in new home prices for October [3] - Despite the price increases, the transaction volume in Shanghai decreased significantly in October, with a 24% month-on-month drop and a 35% year-on-year decline [7] Price Trends - Shanghai's new home prices have risen for 83 consecutive months, with monthly year-on-year increases exceeding 5% since October 2024 [6] - Specific cities showed notable year-on-year price increases: Shanghai (10.7%), Hangzhou (6.51%), and Chengdu (6.18%), while Beijing, Tianjin, Nanjing, and Guangzhou saw increases between 1.0% and 3.0% [6][11] - The average price per square meter in Shanghai reached 61,185 yuan, with a median price of 56,000 yuan [4] Transaction Volume - In October, Shanghai's new home transaction volume was 740,000 square meters, marking a significant decrease due to high September figures and less appealing product offerings in October [7] - The top-selling projects in Shanghai included high-priced developments, with one project exceeding 214,000 yuan per square meter [9] Market Dynamics - The market in Shanghai is characterized by a relatively low short-term inventory and a healthy absorption cycle of 7-8 months [10] - Improvement in housing demand remains strong, particularly for quality projects in cities like Hangzhou and Chengdu, which have also seen significant sales in high-end segments [11][14] - The overall market is expected to face pressure towards the end of the year, with noticeable declines in sales volume for both new and second-hand homes in key cities [15]