Core Viewpoint - The real estate market in the Meidiya Tianjun community is experiencing a significant decline in both prices and transaction volumes, with recent sales reflecting a new low in historical pricing trends [1][26][29]. Group 1: Recent Transactions - A recent transaction in the Meidiya Tianjun community involved a property that sold for 86.5 million yuan, after a price reduction of 21.5 million yuan, marking a new historical low for the community [1]. - The average listing price for the Meidiya Tianjun community is currently 15,378 yuan per square meter, ranking it 22nd among 295 listed communities in the Zhangjiang New District [13]. - The community has seen a notable decrease in transaction prices, with the peak transaction prices recorded in 2022 ranging from 15,192 to 16,940 yuan per square meter, while 2023 transactions have been between 14,246 and 15,576 yuan per square meter [17][22]. Group 2: Community Overview - The Meidiya Tianjun community consists of 758 residential units and 73 non-residential units, with a total construction area of approximately 134,547.83 square meters and a plot ratio of 2.99 [4]. - The community is strategically located near commercial hubs such as Wanxiang City and Junshang Shopping Center, providing residents with convenient access to various amenities [26]. - The community's age is approaching 10 years, and issues related to high plot ratio and outdated product offerings are beginning to affect the living experience, contributing to the downward trend in property prices [29][30].

Core Insights - The article presents the second-hand housing market data for the first half of 2025, highlighting significant fluctuations in listing volumes across different neighborhoods and communities [1] - It emphasizes the contrasting trends where some neighborhoods experience a surge in listings while others face a shortage, indicating varying market dynamics [1] Group 1: Market Trends - Certain neighborhoods are witnessing a sudden increase in second-hand housing listings, with owners willing to sell at lower prices [1] - Conversely, other neighborhoods are experiencing a decline in listings, making it difficult for buyers to find available properties [1] Group 2: Data Overview - The article provides a ranking of neighborhoods based on the number of listings and average listing prices, with the top neighborhoods including: - Yuanhe in Xiangcheng with 3049 listings at an average price of 19194 yuan/m² [3] - Songling in Wujiang with 2977 listings at an average price of 15025 yuan/m² [3] - Shishan in New District with 2943 listings at an average price of 29735 yuan/m² [3] - The data is sourced from the Tuba Doctor app, covering second-hand housing transactions from January to June 2025, compared to the second half of 2024 [1] Group 3: Community Listings - The article also lists the top communities with the highest number of second-hand listings, including: - Zhaoshang Xiaoshicheng in Wujiang with 266 listings at an average price of 20119 yuan/m² [6] - Su Gao Xin Di Chan Tian Cheng Hua Yuan in Wujiang with 256 listings at an average price of 13037 yuan/m² [6] - Xin Hu Ming Zhu Cheng in Wujiang with 240 listings at an average price of 18501 yuan/m² [6]

Core Viewpoint - The real estate market in August shows a steady decline in supply from developers, with significant constraints on new housing supply due to land availability, leading to a low overall supply level for the year [1][2]. Supply Overview - In August, 28 key cities are expected to see a new residential supply of 4.76 million square meters, representing a month-on-month decrease of 26% and a year-on-year decline of 38%, marking the second-lowest supply level of the year [1]. - The cumulative year-on-year supply for the first eight months of 2025 has decreased by 17% [1]. - First-tier cities are under pressure, with only Guangzhou showing growth, while over 60% of second-tier cities experienced declines [1][2]. City-Level Analysis - First-tier cities are expected to supply only 740,000 square meters in August, down 45% month-on-month and 53% year-on-year, with Beijing, Shanghai, and Shenzhen all experiencing significant declines [2]. - Guangzhou is the only first-tier city with a month-on-month increase of 13%, with its cumulative year-on-year decline narrowing to 5% [2]. - In second-tier cities, the expected supply is 3.55 million square meters, down 24% month-on-month and 36% year-on-year, with 12 out of 19 cities experiencing declines [2]. Third and Fourth Tier Cities - The supply in third and fourth-tier cities remains low, with an expected new supply of 480,000 square meters in August, reflecting a 9% month-on-month increase but a 4% year-on-year decrease [3]. - Wuxi is noted for a significant increase in supply, while other cities like Changzhou and Quanzhou show substantial declines [3]. Supply Structure - The supply structure in key cities is characterized by 30% for basic needs, 51% for improvements, and 19% for high-end products, indicating a shift towards improvement demand [5]. - Over 70% of cities focus on main urban areas for supply, with a notable increase in high-end product ratios in cities like Jinan [5][8]. Future Expectations - The overall new housing transaction volume is expected to remain low, with potential for a narrowing year-on-year decline of within 5% due to a low base from the previous year [11]. - The market may see a divergence in performance among cities, with some second-tier cities like Tianjin and Suzhou potentially experiencing a phase of recovery [11]. - The second-hand housing market is anticipated to slow down, primarily attracting price-sensitive buyers due to the enhanced competitiveness of new housing products [11].

Core Insights - The second-hand housing market in Foshan has shown a continuous increase in transaction volume, with over 27,209 units signed in the first half of 2025, marking a year-on-year increase of approximately 6% [3][5] - The proportion of second-hand housing transactions has reached a historical high of 62.4% of total transactions in the city [5] - The average transaction price of second-hand homes has been declining, while the bargaining rate has been increasing, indicating a shift in market dynamics [18][21] Group 1: Transaction Volume and Market Trends - Foshan's second-hand residential net signed transactions reached 27,209 units in the first half of 2025, a 6% increase year-on-year [3] - The total signed area for second-hand residential properties was approximately 331.86 million square meters, reflecting a 6.9% increase compared to the same period last year [3] - The transaction volume in the Shunde and Nanhai districts remains dominant, while the transaction volume in the Chancheng district has decreased by 7.3% year-on-year [6][10] Group 2: Buyer Preferences and Pricing Sensitivity - The most popular property type in Foshan's second-hand market is the 120-140 square meter category, followed by properties under 90 square meters [11] - Properties priced below 1 million yuan accounted for 49.4% of transactions, a significant increase of 2.9% from the previous half-year [13] - The proportion of transactions for properties priced under 10,000 yuan per square meter has risen to 51% [14] Group 3: Pricing and Bargaining Trends - The average transaction price for second-hand homes in Foshan has decreased from 1.292 million yuan to 1.206 million yuan [18] - The average bargaining rate for second-hand homes has increased, with the average price drop from listing to sale reaching 27.2% [21] - The highest bargaining rate is observed in the Nanhai district at 28.1%, while properties priced below 1 million yuan have the highest bargaining rate at 28.7% [22][24] Group 4: Transaction Cycle and Financing Trends - The average time from listing to sale for second-hand homes in Foshan has extended to nearly 10 months, with 29.6% of properties taking over 360 days to sell [25][28] - The proportion of transactions involving loans has increased, reaching the highest level in five years, with cash purchases dropping to 17.7% [33][35] - The use of public housing funds for purchases has also seen an uptick due to lower interest rates [37] Group 5: Rental Market Insights - The average rent in Foshan is 2,202 yuan per unit, with a slight decrease in rental prices but an increase in rental yield to 2.2% [38] - The rental market is increasingly favoring larger units, with three-bedroom properties accounting for over 54% of transactions [45] - The average transaction cycle for rental properties has also lengthened, with an average of 94 days for rental listings [48]

Core Viewpoint - The auction market for second-hand homes, particularly for judicial auction properties, reflects the overall state of the second-hand housing market, with many properties selling below their assessed values and some even failing to sell at all [1][9]. Group 1: Auction Market Trends - In the Qiantang District, judicial auction properties have been consistently selling below their assessed values, with some properties failing to sell and awaiting re-auction [1]. - For example, a property with an assessed value of 2.31 million yuan sold for 1.82 million yuan, which is 490,000 yuan below the assessed value, translating to a price of approximately 18,600 yuan per square meter, significantly lower than the capped price of 26,200 yuan per square meter [1]. - Another property, previously considered a "book bag house," failed to sell at auction due to its long-term rental agreement, indicating a shift in market dynamics and buyer preferences [1][6]. Group 2: Buyer Sentiment and Market Dynamics - The auction of a property in the popular "Yue Dong" area attracted nearly 16,000 views but still failed to receive any bids, despite an opening price that was nearly 60% lower than its original price [2][6]. - The average transaction price for similar properties in the conventional second-hand market was around 9,630 yuan per square meter, highlighting the disconnect between auction prices and market expectations [2][3]. - The decline in interest for previously sought-after properties, such as "red plate" developments, indicates a more rational approach from buyers who are now more discerning about property quality and location [7][9]. Group 3: Market Evolution and Future Outlook - The judicial auction market has seen a trend of properties selling below assessed values, with many transactions reflecting a broader decline in the housing market [7][9]. - The rapid iteration of new housing products has increased competition in the second-hand market, leading to a faster decline in the desirability of older properties [9]. - Buyers are advised to consider both price and quality when making purchasing decisions, as the relationship between these two factors is often proportional [9].

Core Viewpoint - The Shenzhen second-hand housing market recorded 1,321 transactions in the week of July 7-13, 2025, reflecting an 8.0% decrease compared to the previous week, indicating a stable market despite the decline in transaction volume [1]. Group 1: Market Performance - The transaction volume of second-hand homes in Shenzhen remains at a relatively good level for the year, suggesting a steady market operation [1]. - As of July 14, 2025, there are 75,173 valid second-hand housing listings available in Shenzhen, which is an increase of 4 listings from the previous week, indicating that the inventory level is stabilizing [1].

Core Insights - As of July 14, Shenzhen has a total of 75,173 valid second-hand housing listings, with a slight increase of 4 listings compared to the previous week [1] - The Longgang District accounts for 25.9% of the total listings, with 19,466 units, significantly surpassing other districts, while Dapeng New District only represents 0.2% with 157 units, indicating a notable disparity in second-hand housing availability across different regions [1] - Last week, Shenzhen recorded 1,321 second-hand housing transactions (including self-service), reflecting a week-on-week decrease of 8%, ending a two-week growth trend; however, the transaction volume remains at a relatively strong level for the year, indicating a stable performance in the Shenzhen second-hand housing market [1]

Economic Information - In the first five months, internet enterprises above designated size achieved internet business revenue of 773.5 billion yuan, a year-on-year increase of 0.9%, while total profit was 69.2 billion yuan, a year-on-year decrease of 2.2% [2] - In June, the average price of second-hand residential properties in 100 cities was 13,691 yuan per square meter, a month-on-month decrease of 0.75% and a year-on-year decrease of 7.26%, indicating a trend of "price for volume" in the market [3] Company Alerts - Aong Likang has only one innovative drug project under research, which is the ALK-N001 project [8] - *ST Yuancheng is under investigation by the China Securities Regulatory Commission for suspected false disclosure of financial data in annual reports and other periodic reports [8] - Several companies, including Hangzhou Thermal Power and Ruijie Environmental Protection, have announced plans for significant share reductions by major shareholders [10] Overseas Market Alerts - The NASDAQ index fell by 0.82%, with Tesla dropping over 5%, while the Dow Jones increased by 0.91% [5] - President Trump stated he does not plan to extend the July 9 deadline for trade negotiations, expressing skepticism about reaching an agreement with Japan [5][6] Storage Chip Market - TrendForce reported that DDR4 prices may peak and decline in the fourth quarter, driven by supply cuts and market demand, while DDR5 prices are expected to remain stable with a projected quarterly increase of 3% to 8% in 2025 [7]

Core Viewpoint - The real estate market in China is experiencing a series of favorable policies aimed at stimulating demand and improving accessibility for potential homebuyers as 2024 approaches, with expectations for significant trends in 2025 [2] Group 1: Policy Changes - Most cities in China have lifted purchase restrictions, allowing more potential buyers to enter the market, except for core areas in first-tier cities like Shanghai and Shenzhen [2] - Financial policies remain accommodative, with mortgage rates dropping to around 3.2%, and down payment ratios reduced from 30% to 15%, effectively lowering the barriers to homeownership [2] - The government has implemented tax relief measures, including reductions in deed tax and value-added tax, to alleviate the financial burden on homebuyers [2] Group 2: Market Trends for 2025 - The market is shifting towards the sale of completed homes, moving away from the pre-sale model, which will enhance buyer confidence and impose higher standards on developers regarding financial strength and project quality [4] - The second-hand housing market is facing significant challenges, with listing volumes in major cities like Shanghai, Chongqing, and Chengdu exceeding 150,000 units, leading to price reductions as sellers seek to close deals amid weak demand [4] - The government aims to provide 6 million units of affordable housing over the next five years, which is expected to ease housing pressure for low-income groups and divert some demand from the commercial housing market [4] Group 3: Financial Outlook - Current mortgage rates are in the range of 3.2% to 3.5%, with predictions that they may drop below 3% in 2025 to stimulate demand amid a declining market [6] - The overall trend for housing prices is expected to be "stable with a downward bias," as the market has entered a long-term adjustment phase, with significant price drops observed in cities like Zhengzhou and Tianjin [8] - For instance, in Shanghai, prices have decreased from nearly 100,000 yuan per square meter to approximately 65,000 yuan per square meter, reflecting a decline of over 30% [8]

Group 1 - The article highlights the recent sale of a second-hand property in Jiangshanli, a well-known riverside residential community in Ganzhou, which achieved a record low transaction price on the platform [1][33] - The specific property sold was a three-bedroom unit with a built area of approximately 112.16 square meters, which was listed at 1.4 million but sold for 1.203 million, resulting in a unit price of 10,726 yuan per square meter [2][29] - The property had a long transaction cycle of 330 days, with multiple price adjustments from an initial listing price of 1.67 million [9][28] Group 2 - Jiangshanli community consists of three phases, with the first phase, Lanyuan, primarily featuring high-rise buildings, while the second phase focuses on high-end products like large flats and French-style courtyards [10][14] - The community is strategically located near the intersection of Meiguan Avenue and Gankang Road, offering extensive river views and proximity to parks, enhancing its living environment [12][33] - The current average listing price for second-hand properties in Jiangshanli is 16,008 yuan per square meter, ranking 15th among 295 listed communities in the Jiangjiang New District [21][31] Group 3 - The community has a high occupancy rate since its delivery in 2014, with a total of 2,900 units and a green space ratio of 35% [14][10] - The property management was recently changed to China Resources Property, with a management fee of 1.8 yuan per square meter [17] - The market activity for second-hand properties in Jiangshanli is moderate, with only two transactions in the last 90 days and 88 viewings in the last 30 days [22][21]