据克而瑞发布的最新数据显示，上周昆明共计3个项目向市场供应了约3.19万㎡，环比上涨122%；成交约5.82万㎡，环比上涨24%；成交均价约12460元/ ㎡，环比微跌1%。 （图源：克而 瑞） 从"双榜"情况看，近期加推的南市区四代宅邦泰观云，连续两周位居商品住宅销售金额TOP5榜首，销售约0.72亿元，成交23套，成交均价约19041元/㎡， 套均价约314万/套。 山海湾·金澜锦翠则以约0.28亿元、成交19套的成绩，位居双榜第三，成交均价约13314元/㎡，套均价约149万/套。 上周（2025年11月17日-23日），昆明楼市成交量涨价跌，价格受空港板块项目集中备案带动，回调至12400元/㎡。官渡区圈定年内工作重点，全年完成 拆迁27万㎡，加快巫家坝开发；呈贡龙街村新地块启动征收，为中学腾地；昆明将举行住宅专项维修资金管理办法听证会，官渡区重启购房契税补贴申 报。 土地方面，上周昆明主城共计供应11宗土地，关注度最高的是西山区上架的3宗住宅用地，1宗位于高新区的城镇住宅用地。仅1宗土地成交，具体详情参 见《浙江义承斩获一二一TOD项目用地，昆明一环再添2万+高端住宅》。 市场方面，上周昆明主城无项 ...

Group 1 - Chengdu allows eligible stock rental housing to be converted into ordinary commercial housing for market trading [2] - Guangzhou shortens the waiting period for public rental housing subsidies from 5 years to 3 years [3] - Beijing has built and collected over 670,000 units of affordable housing since the start of the 14th Five-Year Plan [4] Group 2 - Guangzhou continues to acquire stock commercial housing for use as affordable housing, easing the source collection threshold [5] - Hangzhou Qiantang District launches 1,291 public rental housing units with a minimum monthly rent of 400 yuan [6] - Chengdu's rental housing project in Wenjiang District releases 193 new units [7] Group 3 - Chengdu's first TOD rental housing project in Jinniu District offers 523 units [8] - Sanya plans to convert 1,056 units from the International Tourism Island Talent Entrepreneurship Base into affordable rental housing [9] - Meituan launches its first "rider apartments" in cities like Beijing, providing affordable housing for delivery riders [10] Group 4 -招商基金's Shekou rental housing REIT announces a high dividend distribution of 99.83% [11] - Nanjing's 10.58 billion yuan ABS project for innovation and technology affordable housing is terminated [12] - Lishui's 10.84 billion yuan ABS project for affordable housing is updated to "feedback received" status [13] Group 5 - Urumqi's 12.64 billion yuan ABS project for affordable rental housing is accepted [14] - Zhongjian Xingfu's apartment in Shanghai Songjiang opens, providing 536 units [15] - Yuexiu's first long-term rental apartment in Shanghai officially opens [16] Group 6 - The third Maimian Housing Rental Project Ceremony gathers industry leaders to explore solutions for youth housing and promote high-quality development in the rental sector [17]

值得注意的是，通告称，本次集中报名征集结束后，接受持续常态化报名征集。 根据广东省住建厅7月末公布数据，今年以来广州、深圳、佛山、珠海等4个城市已完成4个项目共1377 套存量商品房用作保障性住房项目收购工作。中指研究院认为，广州持续推进收购存量商品房用作保障 性住房，也表明收购存量商品房工作将进一步落实。 0:00 11月18日，广州安居集团发布《关于持续推进收购存量商品房用作保障性住房等房源的征集通告》称， 为进一步加大收购力度，现面向社会持续公开征集符合条件房源。征集范围是广州市行政区域内房地产 企业的存量商品房房源，房源所属项目周边交通便利、配套设施较为齐全。 征集条件包括：一是资产负债和法律关系清晰；二是已取得竣工联合验收意见书或项目纳入保交房攻坚 战且主体已经封顶、剩余工程量不大的在建未售商品房；三是房屋建筑面积原则上在90平方米以下；四 是房源权属清晰可交易，不存在查封登记、异议登记等限制；存在抵押等权利限制的房源，应取得相关 权利人书面同意；五是优先选取整栋或独立单元未售、可实现封闭管理的楼栋项目。 ...

（原标题：楼市大消息！广州，加大力度出手！） 近日，广州再次发布房源征集通告，进一步加大收购存量商品房用作保障性住房的力度，明确收购房源 建筑面积原则上在90平方米以下且优先选取整栋或独立单元未售楼栋项目。 业内人士认为，广州持续推进收购存量商品房用作保障性住房，也表明收购存量商品房工作将进一步落 实。 值得注意的是，通告称，本次集中报名征集结束后，接受持续常态化报名征集。 另据中指研究院不完全统计，今年5月以来，四川、浙江、山东、湖南相继落地发行专项债券用于收购 存量商品房用作保障性住房，目前累计发行约37亿元相关专项债券。 广州加大存量房收购力度 11月18日，广州安居集团发布《关于持续推进收购存量商品房用作保障性住房等房源的征集通告》称， 为进一步加大收购力度，现面向社会持续公开征集符合条件房源。 征集范围是广州市行政区域内房地产企业的存量商品房房源，房源所属项目周边交通便利、配套设施较 为齐全。 征集条件包括：一是资产负债和法律关系清晰；二是已取得竣工联合验收意见书或项目纳入保交房攻坚 战且主体已经封顶、剩余工程量不大的在建未售商品房；三是房屋建筑面积原则上在90平方米以下；四 是房源权属清晰可交易， ...

Core Viewpoint - Guangzhou Anju Group has announced a new initiative to acquire existing commercial housing for use as affordable housing, aiming to increase the acquisition efforts while adhering to principles of marketization, rule of law, and voluntary participation [1][2]. Group 1: Acquisition Announcement - The announcement is part of a public solicitation for eligible housing sources within the administrative area of Guangzhou, focusing on existing commercial housing from real estate companies [1]. - The criteria for eligible housing have been relaxed compared to last year, allowing for properties that have either obtained completion acceptance certificates or are in the construction phase with minimal remaining work [1]. - The preferred properties for acquisition are entire unsold buildings or independent units that can be managed in a closed manner [1]. Group 2: Comparison with Previous Year - Last year's criteria required properties to have obtained completion acceptance certificates, while this year allows for additional flexibility [1]. - The previous requirement specified that the housing area must be below 90 square meters, whereas this year it states that properties should generally be under 90 square meters [1]. - The company has not disclosed the results of last year's housing solicitation, indicating a lack of transparency regarding the previous acquisition efforts [2]. Group 3: Future Steps - Following the solicitation, the company plans to conduct on-site investigations and communicate with interested real estate firms regarding transaction details [2]. - The initiative is characterized as a market-driven action, suggesting that not all solicited properties will necessarily be used for affordable housing, as decisions will be made based on assessments and negotiations [2].

11月18日，广州安居集团发布关于持续推进收购存量商品房用作保障性住房等房源的征集通告。要求房 源所属项目周边交通便利、配套设施较为齐全；房源资产负债和法律关系清晰、已取得竣工联合验收意 见书或项目纳入保交房攻坚战且主体已经封顶、剩余工程量不大的在建未售商品房；同时房屋建筑面积 原则上在90平方米以下等。自通告发布之日起至2025年11月25日为集中报名征集时间，集中接受项目报 名。集中报名征集结束后，接受持续常态化报名征集。 集中报名征集结束后，接受持续常态化报名征集。 ...

NO.3 武汉总起始价超83亿元上架24宗涉宅用地 NO.1 北京成功出让2宗宅地收金32.7亿元 11月19日，北京集中出让2宗涉宅用地，总用地面积约6.6万平方米，最终合计收金32.706亿元。其中， 东城祈年大街地块建设用地面积2.28万平方米，现场经过38轮竞价，由北京城建以总价20.28亿元、楼面 价81120元/平方米、溢价率4%竞得，需按老城风貌及四合院形态建设，禁止高低配别墅；昌平未来科 学城地块建设用地面积4.3万平方米，由北京未来科技城昌信置业以底价摘牌，综合成交楼面价15115元/ 平方米。 点评：此次土拍体现了北京核心区域地块仍受追捧，外围区域则依赖国企"托底"。北京城建与未来科学 城的差异化布局，既反映了房企对市场的精准判断。 NO.2 广州安居集团重启收购存量商品房 11月18日，广州安居集团发布关于持续推进收购存量商品房用作保障性住房等房源的征集通告。要求房 源所属项目周边交通便利、配套设施较为齐全；房源资产负债和法律关系清晰、已取得竣工联合验收意 见书或项目纳入保交房攻坚战且主体已经封顶、剩余工程量不大的在建未售商品房；同时房屋建筑面积 原则上在90平方米以下等。自通告发布之日 ...

近期，广东多地收购存量商品房用作保障性住房的项目推进节奏加快。广州明确持续推进收购存量商品 房用作保障性住房等房源。中山近1500套房源进入意向收购阶段，构建"市场+保障"房地产发展新模 式。 专家认为，通过地方收购存量商品房，将促进部分房源快速消化，有助于缓解房企库存压力和改善现金 流，促进房地产市场的供求关系平衡。 广州优先选取整栋项目 11月18日，广州安居集团有限公司发布关于持续推进收购存量商品房用作保障性住房等房源的征集通告 （以下简称"通告"）称，此次征集范围是广州市行政区域内房地产企业的存量商品房房源，房源所属项 目周边交通便利、配套设施较为齐全。自通告发布之日起至2025年11月25日为集中报名征集时间，集中 接受项目报名。 从征集条件来看，要符合以下五点：一是资产负债和法律关系清晰；二是已取得竣工联合验收意见书或 项目纳入保交房攻坚战且主体已经封顶、剩余工程量不大的在建未售商品房；三是房屋建筑面积原则上 在90平方米以下；四是房源权属清晰可交易，不存在查封登记、异议登记等限制，存在抵押等权利限制 的房源，应取得相关权利人书面同意；五是优先选取整栋或独立单元未售、可实现封闭管理的楼栋项 目。 ...

Core Viewpoint - The Chinese real estate market, which has experienced over two decades of continuous price increases, is now entering a new adjustment phase with declining prices and sales performance [1][3]. Group 1: Market Trends - Since the housing reform in 1998, average housing prices have surged from 2,000 yuan per square meter to 11,000 yuan, a remarkable increase of over 5.5 times [1]. - In first-tier cities, prices have skyrocketed from 3,000 yuan to 65,000 yuan per square meter, marking an increase of more than 20 times [1]. - The current market is characterized by a "volume and price decline" scenario, indicating a significant downturn in the real estate sector [1]. Group 2: Expert Opinions - There are divided opinions among experts regarding future housing prices, with some believing prices in Beijing could reach 800,000 yuan per square meter and national prices could rise to 90,000 yuan per square meter [3]. - Conversely, others argue that the market is entering a downward trend, suggesting that price declines may become the norm [3]. Group 3: Demographic Changes - China is facing a significant demographic shift, with the elderly population expected to exceed 400 million by 2028, while the younger population is declining [4]. - This demographic change is likely to reduce the rigid demand for housing, contributing to potential price declines [4]. Group 4: Taxation and Regulation - The introduction of property taxes is anticipated, with plans to expand trials across more cities, which could increase holding costs for property speculators [4]. - The establishment of a more robust regulatory framework for affordable housing is underway, aiming to create a segmented market that includes commercial, rental, and shared ownership housing [6]. Group 5: Market Saturation - The real estate market in China appears saturated, with 96% of families owning at least one property and 41.5% owning two or more [6]. - The demand for new housing is expected to significantly decrease as most potential buyers have already made their purchases [6]. Group 6: Supply and Demand Imbalance - There are estimates of nearly 100 million vacant homes in China, indicating a supply that far exceeds demand [7]. - This oversupply situation suggests limited potential for significant price increases, with a downward trend already in motion [7]. Group 7: Future Valuation - The future value of properties will likely be determined by local residents' income levels rather than speculative activities, suggesting a return to housing's fundamental purpose [7].

Core Viewpoint - The real estate market is experiencing a dichotomy between supportive policies and concerning data, leading to uncertainty about future housing affordability and choices [3]. Group 1: Policy Changes - Multiple banks have reduced mortgage down payment ratios, with first-time homebuyers now at 20% and second-time buyers at 30% [1]. - Major cities like Beijing, Shanghai, Guangzhou, and Shenzhen have implemented "recognizing house but not loan" policies, allowing buyers without existing mortgage records to access favorable rates [1]. Group 2: Market Data - In August, 42 cities saw a month-on-month decline in new home prices, while 96 cities experienced a drop in second-hand home prices, indicating a broader market weakness [2]. - The number of second-hand homes listed for sale is rising sharply, with Shanghai nearing 200,000 listings, Beijing close to 190,000, and Guangzhou exceeding 130,000 [2]. Group 3: Diverging Opinions - Optimists believe that the influx of favorable policies will lead to a rebound in housing prices, suggesting that delaying purchases could result in missed opportunities [6]. - Pessimists argue that the short-term effects of policies are limited and that the long-term downward adjustment of the market is inevitable, potentially offering more choices in the future [8]. Group 4: Market Analysis - **Declining Demand**: The pandemic has significantly impacted household incomes, reducing purchasing power and leading to more cautious buying behavior [8]. - **Rental Yield Concerns**: The current rental yield in China suggests a significant property bubble, with landlords potentially needing 50-60 years to recoup their investment [8]. - **Rising Household Debt**: A large portion of household wealth is tied up in real estate, with 42% of families owning multiple properties, limiting their ability to take on more debt [9]. - **Increased Affordable Housing Supply**: The government is focusing on building more affordable housing to address the needs of low- and middle-income groups, which may help stabilize prices [9].