深圳楼市新信号：公寓成交增多

Core Insights - The perception of non-residential properties, such as business apartments, among homebuyers in Shenzhen is changing due to deeper market regulations, with a notable increase in transaction volumes for these properties [1][2] Group 1: Market Trends - In 2025, the proportion of non-residential transactions in Shenzhen's new housing market is projected to reach 31.4%, an increase of 3.8% year-on-year, marking two consecutive years of growth [1] - The proportion of non-residential transactions in the second-hand housing market is expected to be 17.5% in 2025, up 2% year-on-year, reaching the second-highest level since 2012 [1] - High rental yield business apartments are becoming a focal point for many buyers, with some small apartments showing rental returns exceeding 3%, significantly higher than current bank deposit rates [2] Group 2: Buyer Preferences - Buyers are increasingly favoring properties with high rental yields, particularly small apartments in prime locations with mature amenities, which offer low entry barriers, high rental returns, and strong liquidity [1][2] - Active transaction areas for non-residential properties in Shenzhen include Luohu, Nanshan, and Futian, with Luohu leading at 62.8% in the new housing market [2] Group 3: Rental Market Dynamics - The rental market in Shenzhen is showing a slight recovery, with average rental prices reaching 5609.70 yuan, a year-on-year increase of 1.1% [2] - The rental market is characterized by a large supply and tenant-driven dynamics, with a focus on properties that can yield good returns despite previous price drops [3]