每周精读 | 碧桂园能否完成自救？京沪深杭二手挂牌量降幅收窄（6.2-6.8）

Core Viewpoints - The article discusses the current state and future trends of the real estate market, emphasizing the need for companies to adapt to the new normal and patiently await recovery opportunities [4]. Industry Insights - The second-hand housing market in major cities like Beijing, Shanghai, Shenzhen, and Hangzhou is experiencing a narrowing decline in listing volumes, with increased pressure from first-time buyers and a contraction in demand from middle-class consumers [5]. - The land transaction scale has seen a significant month-on-month drop, with a 13% decrease in monitored supply area and a drastic 66% decrease in transaction area. However, high premium land sales continue in third and fourth-tier cities, with an average premium rate of 6.6% [8]. Market Trends - The auctioned property market has shown a recovery in transaction rates and volumes, with expectations for a seasonal peak in first-hand property transactions in June. However, the auctioned property transaction volume may not continue its upward trend due to demand diversion [7]. - The "2025 Mid-Year China Real Estate Product Evaluation" has commenced, with numerous outstanding projects nominated for evaluation, indicating a competitive landscape among real estate companies [10].