中国房地产指数系统百城价格指数报告（2024年8月）

Industry Overview - The average price of new residential properties in 100 cities increased by 0.11% month-on-month (MoM) and 1.76% year-on-year (YoY) in August 2024 [3] - The average price of second-hand residential properties in 100 cities decreased by 0.71% MoM and 6.89% YoY in August 2024 [3] - The average rent for residential properties in 50 cities decreased by 0.20% MoM and 2.13% YoY in August 2024 [3] New Residential Market - In August 2024, 35 cities saw an increase in new residential property prices, while 46 cities experienced a decline [6] - First-tier cities saw a 0.27% MoM increase in new residential property prices, while second-tier cities saw a 0.09% increase, and third- and fourth-tier cities saw a 0.09% decline [5] - Shanghai, Chengdu, Xi'an, and Hefei were among the cities with the highest YoY price increases for new residential properties, with Shanghai leading at 5.48% [7] Second-Hand Residential Market - All 100 cities experienced a MoM decline in second-hand residential property prices in August 2024, with Ma'anshan seeing the largest decline at 1.36% [10] - First-tier cities saw a 0.72% MoM decline in second-hand residential property prices, while second-tier cities saw a 0.76% decline, and third- and fourth-tier cities saw a 0.66% decline [9] - Wuhan, Nanjing, and Chongqing were among the cities with the largest YoY declines in second-hand residential property prices, with Wuhan leading at 11.04% [12] Rental Market - In August 2024, 9 cities saw an increase in residential rental prices, while 41 cities experienced a decline [15] - Beihai and Hefei were among the cities with the highest MoM rental price increases, with Beihai leading at 0.48% [15] - Wenzhou, Hangzhou, and Fuzhou were among the cities with the largest YoY declines in residential rental prices, with Wenzhou leading at 9.84% [16] Policy and Market Trends - The government emphasized the importance of green, low-carbon, and intelligent housing, aiming to promote high-quality development in the real estate sector [4] - Local governments in cities like Chengdu, Changsha, and Guangzhou have optimized housing policies, including reducing down payment ratios and increasing loan limits [4] - The market is expected to see increased activity during the traditional "Golden September and Silver October" period, supported by policy measures and promotional efforts by developers [4] Key Projects - Notable projects in 2024 include "Zhonghai Lingdi Jiuxu" in Shanghai, "Guangzhou Metro Longjingtai" in Guangzhou, and "Chaoyue Ziyunfu" in Shenzhen, developed by major real estate companies such as China Overseas Land & Investment and China Resources Land [25][26]