21世纪经济报道·2025-12-04 11:16Core Viewpoint - The article highlights the remarkable sales performance of high-end residential properties in China, particularly in the Greater Bay Area, indicating a potential recovery in the real estate market despite overall sluggishness in the sector this year [1][4]. Group 1: High-End Residential Sales - The launch of Shenzhen Bay Luanxi achieved a sales record of approximately 13 billion yuan in a single day, setting a new benchmark for new home sales in 2023 [1]. - The Guangzhou project, Poly Yuexi Bay, also recorded over 10 billion yuan in sales on its opening day, marking it as the first "billion-dollar opening" project of the year [1][6]. - The strong performance of these high-end projects is seen as a positive signal for the market, suggesting that demand exists among high-net-worth individuals despite a generally cautious market environment [1][10]. Group 2: Market Dynamics - The overall real estate market in Guangzhou and Shenzhen remains subdued, with new home sales showing a slight increase but still reflecting a trend of "price for volume" [8][9]. - In November, Shenzhen's new home transactions increased by 8.1% month-on-month, while Guangzhou's second-hand home transactions saw a significant rise of 22.89% [8]. - The high-end residential market is expected to continue attracting buyers, with upcoming projects like CITIC Xinyue Bay and others poised to enter the market, potentially releasing pent-up demand [9][10]. Group 3: Future Outlook - The sustained demand for high-end residential properties could lead to a broader market recovery, as these sales may stimulate land acquisition enthusiasm among developers and boost buyer confidence [10]. - Analysts suggest that the successful sales of high-end properties can facilitate the replacement demand among existing homeowners, which is crucial for the sustainable development of the new high-end market [10].