房地产行业：2024年5月上海住宅买卖市场

New Residential Market - The supply and demand for new residential properties in Shanghai have been declining, with 22 new projects launched in May 2024, a decrease of 4 from the previous month [2] - The cumulative supply-demand ratio for the new residential market reached 1.34 by the end of May 2024, with the new inventory area rising to 2.5 million square meters [2] - The "Hujiu Tiao" policy introduced on May 27, 2024, which includes lowering down payment requirements and optimizing purchase qualifications, is expected to positively impact the new residential sales market [2] New Residential Transaction Structure - The transaction share of properties below 120 square meters increased by 5%, while the share of properties above 180 square meters decreased to 12% [3] - The transaction share of properties priced between 3-5 million RMB and above 10 million RMB increased by 2%, while the share of properties priced between 2-3 million RMB decreased by 4% [3] Secondary Residential Market - In May 2024, Shanghai's secondary residential market recorded 16,955 transactions, with an average transaction price of 38,285 RMB per square meter, a slight decrease of 1% month-on-month [5] - The daily transaction volume in the last three days of May 2024 exceeded 800 units, driving a 5% month-on-month increase in secondary residential transactions [5] - The new policy significantly boosted transaction sentiment, particularly among first-time homebuyers, with shorter transaction cycles for low-priced small units observed from late May to mid-June 2024 [5] Secondary Residential Transaction Structure - The transaction share of properties below 70 square meters and between 90-120 square meters has been increasing for several months [6] - The transaction share of properties priced below 2 million RMB has also increased [6] Regional Performance in Secondary Market - Transactions in central areas such as Huangpu, Luwan, and Xuhui increased by 10%-50% month-on-month, while transactions in Jing'an District decreased significantly [8] - Emerging areas like Fengxian, Chongming, and Nanhui showed more active transaction activity [8] Top Performing Secondary Market Sectors - The top 10 sectors with the highest month-on-month transaction growth in May 2024 included 6 sectors within the Middle Ring Road and 4 sectors outside the Outer Ring Road [9][10] - Changshou sector in Putuo District ranked first with a 72% month-on-month transaction growth, benefiting from its superior location and diverse property types [10] - Huangpu District had two sectors in the top 10, Huangpu Riverside and Laoximen, with the former being a key urban renewal area and the latter having a strong residential atmosphere [11] Active Secondary Market Communities - The average total price per unit in the top 100 secondary residential communities increased to 2.85 million RMB per unit [12] - Among the top 10 communities, 3 were located within the Middle Ring Road and 7 were outside the Outer Ring Road [12] - Haifang Village in Jing'an District, which is associated with a prestigious school, saw a significant rise in rankings despite its high average price of 5 million RMB per unit [13]