新政满月，北京五环外新房成交活跃

Core Insights - The new housing policy in Beijing, implemented on December 24, has shown positive effects on the market, with a 6.3% month-on-month increase in new residential property registrations as of January 25, totaling 0.3 million units [1] - The policy allows non-Beijing residents to purchase homes within the Fifth Ring Road after two years of social security or tax payments, and only one year for areas outside the Fifth Ring [1] - Increased market activity is evident, particularly in areas outside the Fifth Ring, with a reported 15% to 20% increase in customer visits and a 10% increase in sales for some projects [1] Market Activity - The new policy has led to a noticeable uptick in the number of potential buyers visiting sales offices, with one project reporting over 1,000 units signed in four months [1] - Real estate agents have reported successful transactions, primarily from previous inquiries, indicating a shift in buyer confidence [1] - Prices in the outer Fifth Ring remain stable, while disparities in pricing across different regions of Beijing are becoming more pronounced [1] Expert Analysis - The new policy has effectively stimulated the market outside the Fifth Ring, while core areas within the Fifth Ring are experiencing stable price increases [1] - The current market trend suggests a divergence in pricing strategies, with some suburban areas adopting a "price for volume" approach [1]