Core Viewpoint - The new housing regulations in Tianjin, referred to as the "Good House" policy, are driving an increase in new home prices while the second-hand housing market remains in a downward adjustment phase [1][2]. Group 1: New Housing Market - In April, Tianjin's new home prices increased by 0.4% month-on-month, ranking second nationally alongside Hangzhou, with only Shanghai and Dalian showing higher increases [1]. - The "Good House" policy, effective from May 1, aims to enhance housing quality and has led to a surge in demand for new homes, particularly in quality developments [2]. - The new housing market is experiencing a transformation in product design and developer strategies, with innovative designs improving space utilization [2]. Group 2: Second-Hand Housing Market - In contrast, the second-hand housing market in Tianjin saw a month-on-month price decline of 0.2% in April, indicating ongoing adjustments [9]. - The average price of second-hand homes in April was 16,526 yuan per square meter, with a year-on-year decrease of 12.5% [10]. - The number of second-hand homes listed for sale is high, with nearly 200,000 units available, and older properties face challenges in attracting younger buyers due to issues like insufficient parking and outdated management [13]. Group 3: Market Dynamics - The new housing market's transaction volume decreased by 11% month-on-month in April, with a total of 4,810 new homes sold [7]. - The "Good House" policy is fostering a positive cycle of policy innovation, product upgrades, and activated demand in the new housing sector [2]. - The disparity between new and second-hand home prices is widening, suggesting that second-hand homes will continue to attract first-time buyers despite their current price adjustments [15].

Core Viewpoint - The real estate market in Chengdu has seen a significant increase in activity during the "May Day" holiday, driven by the introduction of the "Good Housing" evaluation standard and various promotional activities by developers [1][10][12]. Group 1: Market Activity - The number of visitors to real estate projects in Chengdu surged, with some projects reporting over 2,000 visitors during the holiday [2][3]. - Key projects like Dongcheng Jinmao Xiaotang and Vanke Dushi Jiadi experienced high foot traffic, with the former seeing over 900 clients making deposit reservations [3][5]. - The overall market sentiment is positive, with many projects achieving full sales upon opening, despite price increases of 1,000 to 2,000 yuan per square meter [12]. Group 2: Project Highlights - The Dongcheng Jinmao Xiaotang project, part of a major urban renewal initiative, has a total investment of approximately 36.8 billion yuan and offers high space efficiency with an average usable area rate exceeding 110% [3][12]. - Vanke Dushi Jiadi, launched during the holiday, attracted over 700 visitors and had more than 300 clients making deposit reservations, showcasing strong demand for its products [5][10]. - The Yuejinsha project, located in the west of the city, also reported an average of 100 visitors per day since its opening, indicating robust interest in new developments [7][9]. Group 3: Policy Impact - The introduction of the "Good Housing" evaluation standard has led to a notable increase in the number of compliant projects, with over 13 projects in Chengdu meeting the new criteria by the end of April [12]. - The market is experiencing a shift, with approximately 70% of the new projects achieving over 80% sales within a month of launch, reflecting strong demand for high-quality housing [12][13]. - Developers are responding to the new standard by accelerating product updates, with several projects expected to receive pre-sale permits in May [12][13].