房地产行业周报：第40周新房成交同比增速回升，黄金周新房成交同比增速回升

Investment Rating - The report provides a neutral investment rating for the real estate industry, indicating expected returns within a range of -10% to 10% compared to the benchmark index [33]. Core Insights - The new housing transaction volume in 30 major cities reached 1.87 million square meters in the 40th week of 2024, showing a year-on-year increase of 85% compared to 2023 [4]. - The first-tier cities recorded a sales area of 590,000 square meters, with a year-on-year increase of 89% [4]. - The second-tier cities saw a sales area of 790,000 square meters, reflecting a year-on-year increase of 68% [4]. - The third-tier cities experienced a sales area of 500,000 square meters, with a significant year-on-year increase of 117% [4]. - During the Golden Week from October 1 to 3, 2024, the cumulative transaction area in 30 cities was 250,000 square meters, a decrease of 50.9% compared to the same period in September 2024 [6]. - The report highlights a notable increase in second-hand housing transactions, with 860,000 square meters sold in 18 cities during the 40th week of 2024, a year-on-year increase of 1142% [5]. Summary by Sections New Housing Transactions - In the 40th week of 2024, the new housing transaction area in 30 major cities was 1.87 million square meters, down 0.49% week-on-week but up 85% year-on-year [4]. - The first-tier cities had a sales area of 590,000 square meters, up 38.8% week-on-week and 89% year-on-year [4]. - The second-tier cities recorded a sales area of 790,000 square meters, down 15.2% week-on-week but up 68% year-on-year [4]. - The third-tier cities had a sales area of 500,000 square meters, down 6.2% week-on-week but up 117% year-on-year [4]. Second-Hand Housing Transactions - The second-hand housing transaction volume in 18 cities was 860,000 square meters in the 40th week of 2024, down 43.1% week-on-week but up 1142% year-on-year [5]. - During the Golden Week from October 1 to 3, 2024, the cumulative transaction area for second-hand housing in 18 cities was 20,000 square meters, down 95.3% compared to the same period in September 2024 [5]. Land Supply and Transactions - The land supply area in the 40th week was 2,511,000 square meters, with a transaction area of 1,858,000 square meters, resulting in a supply-to-sales ratio of 1.35 [5]. - The cumulative land supply area in the top 100 cities for the year was 65,785,000 square meters, down 16% year-on-year [5]. - The cumulative land transaction area was 54,435,000 square meters, down 11.2% year-on-year [5]. - The average land premium rate was 5%, with first-tier cities showing a premium rate of 19% [5].