总价千万的新房成交翻倍，上半年北京楼市还有这些看点

Core Viewpoint - The Beijing real estate market showed signs of stabilization in the first half of 2025, with notable growth in both new and second-hand housing transactions, particularly in high-end segments, driven by favorable policies and land supply dynamics [1][3][6]. New Housing Market - In the first half of 2025, Beijing's new residential property sales reached 2.67 million square meters, a year-on-year increase of 3%, indicating a stable market performance [3]. - The market experienced several growth phases, with a significant surge in March, where new housing sales increased by nearly 50% year-on-year [3]. - Six new housing projects recorded sales exceeding 4 billion yuan, with four located in Haidian and two in Chaoyang, highlighting the demand for high-quality properties in well-located areas [3][4]. - High-end properties priced between 10 million and 20 million yuan saw a nearly 90% increase in transaction volume, raising their market share from 12% in 2024 to approximately 19% [4]. - The total land transaction value in Beijing reached 100.56 billion yuan in the first half of 2025, a 37.3% increase year-on-year, with competitive bidding for several key plots [6]. Second-Hand Housing Market - The second-hand housing market in Beijing experienced a significant increase, with 88,575 units signed in the first half of 2025, a year-on-year growth of 18%, surpassing the levels of the previous three years [8]. - The majority of transactions were driven by first-time buyers, with over 60% of second-hand homes sold for under 5 million yuan [8]. - The market exhibited a trend of "price for volume," with a slight decline in prices; for instance, the average price for second-hand homes fell by 0.8% month-on-month in May 2025 [9]. - Despite stable demand, the supply of second-hand homes remained high, with approximately 160,000 listings, leading to increased price negotiations between buyers and sellers [9]. Market Outlook - Analysts predict that the current reasonable price levels in the second-hand market will help maintain stable transaction volumes [10]. - There is a call for policies to control new housing supply and enhance support for home-buying qualifications, alongside efforts to accelerate urban renewal [10].