上海前三季度房地产数据出炉

Core Viewpoint - Shanghai's economy shows a steady improvement in the first three quarters of 2025, with stable production growth, orderly market demand release, and continuous growth of new industrial momentum [3]. Real Estate Development and Operations - From January to September 2025, Shanghai's real estate development investment increased by 2.2% compared to the same period last year. The total construction area of commercial housing reached 155.91 million square meters, a growth of 0.1%. Residential construction area was 72.37 million square meters, up by 0.9% [3]. - The completion area of commercial housing was 10.04 million square meters, an increase of 11.7%, with residential completion area at 4.88 million square meters, growing by 6.0% [3]. - The sales area of commercial housing was 12.02 million square meters, down by 0.3%, while residential sales area decreased by 3.8% to 9.57 million square meters. However, the decline in sales area has narrowed compared to the previous months, indicating the effectiveness of the "Six Policies" released on August 25 [3][4]. Policy Impact - The "Six Policies" introduced adjustments to housing purchase restrictions, housing provident fund, housing credit, and housing tax, allowing eligible families to purchase homes without limit outside the outer ring of Shanghai. This policy has positively impacted the market, particularly during the "Golden September and Silver October" period [4]. - In September, the sales area of commercial housing reached 1.75 million square meters, a month-on-month increase of 64.22%, with residential sales area rising by 73.47% [4]. Market Trends - High-end residential projects have seen significant sales, with the Jinling Huating Phase II project selling out on the opening day, totaling over 9.8 billion yuan [4]. - The second-hand housing market also showed recovery, with 20,389 transactions in September, surpassing the 20,000 mark for the first time in two months. Daily transactions in October have also exceeded 1,000 units [5]. - The land market remains robust, with the recent auction of land in Xuhui Binjiang achieving a record price of 14.85 million yuan per square meter, indicating strong land value in Shanghai [5].