自1998年中国启动首轮住房制度改革以来，全国房地产市场经历了一段惊人的繁荣期。曾经平均每平方米仅需两千元的房价，飙升至如今的一万一千元，涨 幅高达五倍半。而北京、上海等一线城市的房价更是令人咋舌，从当初的三千元每平方米，暴涨至六万多元，二十余倍的惊人增幅，让在本世纪初购置了几 套房产的家庭，大多已实现了财务自由。 然而，这股持续了二十余年的房价上涨浪潮，在2021年迎来了历史性的转折点。起初，郑州、天津以及环绕北京的区域等二三线城市的房地产市场率先出现 回调。步入2023年，曾经领涨全国的北京、上海、深圳等一线城市，也加入了这场市场调整的行列。 中国房价之所以会步入一个长期的调整周期，原因主要有二。首先，早在2016年，国家便已开始着手调控房地产市场，旨在遏制房价的过快上涨。直至2021 年，这些调控政策的效果才开始逐步显现。其次，在经历了全球疫情的冲击后，居民收入普遍受到影响，已难以支撑起此前过高的房价水平。 为了避免房价在短期内出现剧烈下跌，当前大多数城市已全面取消了限购政策。甚至连北京、上海这样的一线城市，也正逐步放宽限制，允许符合条件的外 来人口在非核心区域购置房产。与此同时，各地纷纷上调了住房公积 ...

值得注意的是，通知提出在境内工作、学习的境外个人凭据自用、自住的书面承诺即可在佛山购买商品房。 国家统计局近日公布了今年1至10月全国商品房销售的相关数据。数据显示，商品房销售降幅收窄，待售面积 连续八个月减少，房地产开发企业到位资金降幅也在收窄。在业内人士看来，多个重点一二线城市虽然楼市还 是有所波动，但今年的一系列房地产调控优化政策的效果还在继续显现。 广东省城乡规划院住房政策研究中心首席研究员李宇嘉预计，重点一二线城市11至12月的交易量会延续10月的 态势。全年来看，全国或重点城市新房市场将呈现"年初活跃、年中回调、年末翘尾"的走势。二手房方面，考 虑到挂牌量在高位，新房好房子的竞争优势比较突出，对二手房市场的影响还存在。因此，预计二手住房价格 环比继续承压。 责编：叶舒筠 年底，各地楼市政策的"组合拳"力度继续加大。11月19日，佛山市住房和城乡建设局等八部门 联合印发通知，出台12条措施进一步促进房地产市场平稳健康发展。通知内容涵盖加大存量土 地"收调供"力度、严控新增商服用地供应规模和商住用地配比、优化房地产项目开竣工时限、优 化存量项目开竣工违约金核算标准等。 其中，通知提出严控新增商服用地供 ...

近日，国家统计局公布了今年1—10月全国商品房销售的相关数据。数据显示，商品房销售降幅收窄， 待售面积连续八个月减少，房地产开发企业到位资金降幅也在收窄。记者近日在北京、上海、武汉等地 采访发现，虽然楼市还是有所波动，但今年的一系列房地产调控优化政策的效果还在继续显现。 尽管是工作日，在北京丰台的一个新房项目售楼处，记者看到，大厅里坐着不少咨询买房或是办理手续 的客户，沙盘上多栋楼宇已贴出了售罄标签。 销售经理介绍，以往十月过后，市场通常会进入一段平淡期，但今年情况有所不同，客户的购房意愿比 较高，周末接待客户量甚至超过了上个月。 丰台区某楼盘销售经理 任菁菁：明显能感觉到这一系列像降息等政策的落地叠加，对客户的潜在信心 是有增加的。 不止这一个项目，记者发现，今年下半年以来，北京多个新开盘的商品房项目入市后都出现了不同程度 的热销。 浙江工业大学中国住房和房地产研究院院长 虞晓芬：反映了市场信心正在修复，市场已逐步摆脱盲目 波动，向理性稳定过渡，主要表现是政策不再是单纯刺激规模扩张，而是聚焦高质量发展，引导市场回 归居住本质。 二手房正在逐渐成为市场交易主力 记者从住房城乡建设部获悉，今年前十个月，新房和二 ...

近日，国家统计局公布了今年1—10月全国商品房销售的相关数据。数据显示，商品房销售降幅收窄，待售面积连续八个月减少，房地产开发企业到位资金 降幅也在收窄。记者近日在北京、上海、武汉等地采访发现，虽然楼市还是有所波动，但今年的一系列房地产调控优化政策的效果还在继续显现。 尽管是工作日，在北京丰台的一个新房项目售楼处，记者看到，大厅里坐着不少咨询买房或是办理手续的客户，沙盘上多栋楼宇已贴出了售罄标签。 销售经理介绍，以往十月过后，市场通常会进入一段平淡期，但今年情况有所不同，客户的购房意愿比较高，周末接待客户量甚至超过了上个月。 丰台区某楼盘销售经理 任菁菁：明显能感觉到这一系列像降息等政策的落地叠加，对客户的潜在信心是有增加的。 不止这一个项目，记者发现，今年下半年以来，北京多个新开盘的商品房项目入市后都出现了不同程度的热销。 而记者从住房城乡建设部获取的数据也显示，1-10月份，全国新建商品房和二手房交易总量同比仅下降1.9%，基本保持稳定，没有出现明显收缩。与此同 时，不少大中城市交易活跃，深圳、武汉、厦门、沈阳、南昌、南宁、贵阳、昆明等城市的一二手房交易总量，同比都在增长。 上海市某房地产中介门店经纪人 ...

Core Insights - The Chinese real estate market is undergoing a significant transformation with the introduction of new policies aimed at stimulating demand and optimizing supply, marking a shift from localized adjustments to a nationwide strategy [3][5][9] Demand Side - Tax incentives have been enhanced, with the contract tax exemption area increased from 90 square meters to 140 square meters, allowing a uniform tax rate of 1% for personal purchases of homes within this size limit [5][9] - The new policy eliminates the distinction between ordinary and non-ordinary residential properties in first-tier cities, providing a significant tax relief for homeowners selling properties held for over two years [5][9] - The combined effect of tax and credit incentives is expected to reduce the financial burden on homebuyers by over 60%, making home purchases more accessible [7][9] Supply Side - The policy includes measures to alleviate corporate financial pressures and optimize inventory, such as lowering the land value-added tax pre-collection rate by 0.5 percentage points [7][9] - Financial support has been unprecedented, with flexible mortgage terms and increased loan limits for families with multiple children, enhancing affordability for first-time buyers [7][9] - The new policies are expected to significantly boost the market for improved housing, with a focus on meeting the needs of families looking to upgrade their living conditions [9][11] Market Dynamics - The new policies have led to a notable increase in demand for improved housing, with a significant rise in transactions for larger units, particularly in core urban areas [11][13] - The market is experiencing a divergence, with core cities benefiting more from policy incentives compared to lower-tier cities, which continue to face inventory challenges [14][15] - The trend towards high-quality housing is gaining momentum, with cities implementing standards for "good housing" that emphasize quality and sustainability [17]

Core Viewpoint - The article discusses the significant fluctuations in housing prices in the Beijing surrounding areas, particularly in the town of Dachang, highlighting the experiences of young professionals who invested in real estate there, only to face substantial losses due to market corrections and regulatory measures [1][3]. Group 1: Housing Market Dynamics - The housing prices in Dachang surged from 20,000 yuan per square meter to a peak of 39,000 yuan, before plummeting to 14,000 yuan, resulting in a significant loss for homeowners like Pan Liang [1][4]. - The initial price increase was driven by speculative investments, as investors sought opportunities in relatively cheaper areas surrounding Beijing [4][5]. - The rapid influx of residents into the ring Beijing area created pressure on local infrastructure, leading to increased commuting difficulties and dissatisfaction among new residents, which contributed to the decline in housing demand [4][5]. Group 2: Regulatory Impact - In response to the irrational price increases, local governments implemented strict regulatory measures aimed at cooling down speculative demand, which subsequently led to a sharp decline in housing prices [4][5]. - The housing market in the ring Beijing area is characterized by a significant speculative bubble, which is vulnerable to rapid price corrections when investor sentiment shifts [5]. Group 3: Employment and Economic Factors - Many cities in the ring Beijing area suffer from a lack of diverse employment opportunities, resulting in population outflows and weakened local housing demand [5]. - The initial intent of many buyers was for self-occupation, but the drastic price drops have left them in a precarious financial situation, as their investments have significantly depreciated [3][5].

Group 1 - Midea Group has officially opened its global innovation park in Shanghai with a total investment exceeding 7 billion yuan, marking it as the second comprehensive global R&D base in China after the one in Foshan [3] - The innovation park covers a total area of 400,000 square meters and has nearly 2,000 R&D personnel focusing on cutting-edge technology fields such as artificial intelligence, new energy, new materials, robotics, and healthcare [3] Group 2 - Shanghai Shunsheng Construction Group successfully acquired the Taihe Shanghai Headquarters Building for 659.7 million yuan, with a total area of approximately 25,500 square meters and a transaction price of about 36,100 yuan per square meter [4] - The building is located in a prime area of Shanghai, close to major transportation hubs and surrounded by high-end hotels and commercial resources, making it an attractive investment [4] Group 3 - Shanghai has optimized its real estate policies, allowing eligible resident families to purchase an unlimited number of homes outside the outer ring road, aimed at meeting housing demand and promoting market stability [5] - The new policy applies to both local and non-local residents who meet specific criteria regarding social insurance or income tax payments [5] Group 4 - The People's Bank of China Shanghai Headquarters announced that commercial personal housing loan rates will no longer differentiate between first and second homes, aligning with local government regulations [6][7] - This adjustment aims to streamline the lending process and maintain market order [7] Group 5 - Shanghai has introduced new standards for residential quality, including a regulation that balcony areas will be counted at half for floor area ratio calculations, effective immediately [8] - The new measures encourage flexible housing designs and the application of green technologies [8] Group 6 - Shanghai has initiated the first batch of 10 pilot projects for the large-scale renovation of commercial buildings, focusing on key business districts [9] - The pilot areas include prominent locations such as Lujiazui and Hongqiao Business District [9] Group 7 - The East An Er Village housing demolition and reconstruction project in Xuhui District has achieved 100% signing, involving 400 residents and non-residential projects [10] - The project will include the construction of six residential buildings and provide various support measures for displaced residents [10] Group 8 - The Jiangpu International Plaza in Yangpu District was sold for 1.31 billion yuan in a judicial auction, with a land area of approximately 18,600 square meters and a building area of 47,700 square meters [11] - The auction attracted three bidders and concluded with a premium rate of about 15.9% [11]

Core Viewpoint - The Chinese real estate market, which has seen significant price increases since the housing reform in 1998, is now experiencing a downturn, with average prices declining from a peak of 11,000 RMB per square meter to 9,560 RMB, a drop of over 15% [2] Group 1: Market Trends - Since the implementation of housing reform in 1998, the average national housing price has surged from 2,000 RMB to 11,000 RMB per square meter, marking an increase of 5.5 times [1] - In major cities like Beijing, Shanghai, and Shenzhen, housing prices have skyrocketed from 3,000 RMB to 65,000 RMB per square meter, with a cumulative increase exceeding 20 times [1] - As of June this year, 34 out of 70 major cities have housing prices lower than two years ago, with 27 cities seeing prices revert to three years ago levels [2] Group 2: Sales Performance - In the first eight months of 2022, new housing sales in 100 cities fell by 44% year-on-year, with first and second-tier cities experiencing a 37% decline [4] - Sales in third and fourth-tier cities also dropped by 25%, totaling 1,083 million square meters [4] Group 3: Government Policies - To stimulate the sluggish market, local governments have implemented various measures, including lowering down payment ratios, reducing loan interest rates, and increasing housing fund loan limits [4] Group 4: Market Sentiment - There are two contrasting perspectives in the market: the optimistic "bullish" camp believes that policy easing will lead to a rebound in housing prices, while the pessimistic "bearish" camp anticipates a prolonged adjustment period [6] - The Chinese government's real estate regulation measures have been extensive, with 651 instances of policy adjustments by 2021, indicating a gradual but significant impact on the market [6] - Factors such as slowing urbanization, saturated housing supply, and declining marriage rates are expected to reinforce the ongoing market adjustment [6] Group 5: Consumer Behavior - Consumer willingness to purchase homes is declining, influenced by economic pressures and job losses, leading many to postpone buying plans [8] - A survey by the People's Bank of China indicates that residents prefer saving over investing or consuming, which may lead to a prolonged adjustment cycle in housing prices [8] - The acceleration of affordable housing construction is expected to divert demand away from the commercial housing market, potentially stabilizing prices [8]

Core Insights - The real estate market is facing a "cold winter," with high housing prices no longer being the primary concern, as new challenges emerge [1][8] - The perception of housing as a necessity for major life events has elevated its value, contributing to the ongoing pressure on homebuyers [1][3] - Despite a sufficient total housing supply, high prices continue to limit purchasing power for many, leading to a significant wealth gap [3][4] Market Dynamics - There is a persistent narrative about housing shortages and impending price increases, creating urgency among buyers, but recent trends indicate a cooling market [3][5] - Government policies aimed at curbing excessive real estate speculation have been implemented, including increased down payment requirements and tightened loan approvals [4][5] - Some cities have seen a decline in housing prices, prompting cautious behavior among potential buyers who are waiting for prices to meet their expectations [7][8] Developer and Investor Behavior - Developers are resorting to aggressive price cuts to recover funds, which introduces instability into the market and disrupts normal market order [7] - Speculators are under pressure to sell off properties due to potential price declines, leading to significant discounts in the secondary housing market [7][8] - The shift towards a more rational market, where housing is viewed primarily as a necessity rather than an investment, is becoming evident [7][8]

Core Insights - The Chinese real estate market is undergoing unprecedented adjustments, with high property prices remaining a significant challenge for homebuyers [2] - The government has implemented various policies to alleviate the financial burden on homebuyers, including lowering mortgage rates and down payment requirements [4] - The construction of affordable housing is being accelerated to provide housing security for low-income families [5] Group 1: Market Conditions - As of November 2022, the average price of new residential properties in 100 cities reached 16,190 yuan per square meter, while the average price for second-hand homes was 15,911 yuan per square meter, making homeownership increasingly unattainable for ordinary families [2] - The urbanization process in China is nearing its end, with 64% of the population living in urban areas, leading to a significant reduction in the influx of rural residents into cities [7] Group 2: Demographic Changes - The aging population and declining number of young people are significantly impacting the real estate market, with the elderly population exceeding 267 million and expected to surpass 400 million by 2035 [9] - The number of young people is decreasing, with 17.58 million births in 2017 dropping to 10.63 million in 2021, leading to a potential negative population growth in 2022 [9] Group 3: Supply and Demand Dynamics - There is a growing oversupply in the housing market, with 120 million existing homes available, sufficient to meet the needs of 300-400 million people, while over 14 million new homes are supplied annually [10] - 96% of households own at least one home, and 41.5% own two or more, indicating a saturation of housing demand [10] Group 4: Policy Effectiveness - Despite various regulatory measures aimed at stimulating the market, including relaxed purchase restrictions and lower mortgage rates, the overall performance of the real estate market remains sluggish [11] - The inertia of the market adjustment trend suggests that the real estate sector may enter a prolonged period of adjustment and consolidation [11]