北京楼市“银十”低调收尾 前十月共成交17.3万套住房

Core Insights - The Beijing real estate market has shown a subdued performance in October, with both second-hand and new housing transactions declining compared to previous months and year-on-year figures [1][2][5] Market Performance - In October, the number of second-hand housing transactions in Beijing was 12,087 units, a month-on-month decrease of 23.7% and a year-on-year decrease of 30.4% [1] - New housing transactions totaled 3,511 units, reflecting a month-on-month increase of 1.36% but a year-on-year decline of 28.97% [1] - The overall transaction volume for new residential properties from January to October reached 30,290 units, representing a year-on-year increase of 9.7%, while second-hand housing transactions totaled 142,620 units, up 5.4% year-on-year [5] Influencing Factors - The decline in October's transactions is attributed to multiple factors, including the National Day holiday, which saw only 148 second-hand housing transactions during the holiday period [2] - A new policy introduced in August allowing unlimited purchases of new homes outside the Fifth Ring Road has also impacted short-term market dynamics [2] - Comparatively, last year's market was stimulated by significant policy changes, including the "930" policy that lowered down payment ratios and adjusted purchase restrictions, leading to a surge in transactions [2][5] Market Trends - The current real estate market is transitioning from rapid growth to a phase driven by fundamental factors such as population, economy, and income [5] - Despite the subdued performance in October, the overall market remains relatively stable compared to historical data, ranking third in transaction volume over the past six years for the same period [2] - New product launches in the market have generated notable sales, with significant transactions reported for new developments in October [5][6] Company Performance - The top three real estate companies in Beijing by sales volume for the first ten months of the year were China Overseas Land & Investment (386.1 billion), Yuexiu Property (254.9 billion), and China Resources Land (238.9 billion) [6] - The overall new housing transaction volume in first-tier cities in October was 1.68 million square meters, showing a year-on-year decline of 41% [6]