Core Viewpoint - The real estate market in key cities is entering a stable phase after the peak season of "golden March and silver April," with varying performance across different cities [2][5][11]. Group 1: Market Performance - In May, Shenzhen's total residential transactions decreased by 16.7% month-on-month, but still showed a 20% increase year-on-year [2]. - Guangzhou's new and second-hand housing transactions increased significantly, with new housing transactions up 41% month-on-month and 29.34% year-on-year [2]. - Beijing's second-hand housing transactions fell by about 8.3% month-on-month but showed year-on-year growth, while new housing transactions increased [2]. - Shanghai's real estate market demonstrated stability, with a 17% year-on-year increase in total housing transactions [4][5]. Group 2: Seasonal Trends - The second-hand housing market experienced a seasonal decline in transaction volume, although year-on-year growth continued, but at a reduced rate [3]. - The market demand has weakened after the peak season, leading to a seasonal cooling in May [6]. Group 3: Price Trends - The average price of new residential properties in May was 16,815 yuan per square meter, up 0.30% month-on-month and 2.56% year-on-year, while the average price of second-hand homes was 13,794 yuan per square meter, down 0.71% month-on-month and 7.24% year-on-year [7]. Group 4: Policy Support - Policy support has continued, with a reduction in the LPR by 10 basis points, potentially lowering first-time home loan rates below 3% [9]. - Various cities have introduced measures to stimulate the real estate market, including tax incentives and support for families with multiple children [10]. - The upcoming mid-year sales period is expected to see intensified marketing efforts from real estate companies, with various promotional offers being prepared [10][11].
提振楼市,多地继续发力!
21世纪经济报道·2025-06-04 01:36