Core Insights - Shenzhen's second-hand housing market recorded a weekly transaction volume of 1,696 units in the 42nd week of 2025, marking a 39.1% increase compared to the previous week, reaching a six-month high [1][3] - New housing transactions also saw significant growth, with 883 units sold, representing a 100.7% week-on-week increase [1][3] Group 1: Market Activity - The overall trading activity in Shenzhen's real estate market is at a high level for the second half of the year, with demand being released after the National Day holiday [4] - The Longgang district experienced a notable surge in second-hand housing transactions, leading other areas, particularly the Shuanglong sub-district, which recorded 222 units sold, the highest in the region [3][4] Group 2: Future Supply - In the fourth quarter of 2025, Shenzhen plans to launch 39 new residential projects, with an expected supply of 1,601,853.70 square meters, equivalent to 12,334 units [5][6] - Compared to the third quarter, the number of new projects and the area of housing supply have significantly increased, indicating a positive outlook for the market [5][6] Group 3: Market Trends - The traditional peak sales season of "Golden September and Silver October" is contributing to the rising heat in Shenzhen's real estate market, supported by favorable new policies [6] - In September, the city recorded 5,808 second-hand housing transactions, a 10.3% increase month-on-month and a 52.4% increase year-on-year, while new housing pre-sales reached 1,832 units, up 35.5% from the previous month [6]

Core Insights - The real estate market in various cities is experiencing a resurgence due to promotional activities and favorable policies, particularly during the National Day and Mid-Autumn Festival holidays [1][2][6] Group 1: Market Activity - Major real estate companies in cities like Beijing, Shanghai, and Guangzhou are implementing promotional strategies such as discounted properties and home purchase subsidies to stimulate sales [2][5] - In Beijing, new housing policies introduced in August led to a significant increase in new home registrations, with a year-on-year growth of 12.6% and a month-on-month increase of 21.6% from September 1 to 29 [1] - During the holiday period, the sales area of real estate in Hubei province increased by 12.9% year-on-year, with notable growth in cities like Wuhan and Huangshi [2] Group 2: Consumer Behavior - There is a noticeable increase in the number of homebuyers actively looking for properties, with many arriving with clear purchase intentions, leading to faster decision-making and higher conversion rates [4] - Buyers are increasingly focused on the quality of housing, including sound insulation, building materials, and community green space [2][4] Group 3: Policy Impact - Recent policy adjustments, such as the optimization of housing fund policies and the easing of purchase restrictions, are primarily aimed at stimulating domestic demand rather than opening up to external buyers [5] - The introduction of various promotional events, such as housing fairs and seasonal sales, has injected vitality into the real estate market [6][7] Group 4: Regional Initiatives - Cities like Shenzhen and Wuhan have organized promotional activities and housing fairs to attract potential buyers, with Wuhan's event drawing approximately 23,000 visitors and resulting in 1,652 intended transactions [7][8] - The integration of online platforms for property viewing and signing, along with offline services, aims to enhance the home-buying experience and facilitate better matching of supply and demand [8]

9月5日，深圳市住房和建设局、中国人民银行深圳市分行发布《关于进一步优化调整本市房地产政策措 施的通知》（即"9·5新政"，以下简称"《通知》"），分区优化调整居民及企事业单位购买商品住房政 策，并优化调整个人住房信贷政策。 调整后，深圳市仅福田区、南山区和宝安区新安街道仍执行住房限购政策；符合购房资格的深户，及社 保或个税满1年以上的非深户家庭及个人将不再有购房套数限制；无法提供连续缴纳社保或个税满1年及 以上的非深户家庭，可购买两套住房；在盐田区、大鹏新区购买商品住房，不再审核购房资格。《通 知》自2025年9月6日起施行。 中经记者 陈婷 赵毅 深圳报道 政策利好叠加"金九银十"传统销售旺季，楼市热度有所提升。 近日，第一太平戴维斯发布2025年第三季度深圳房地产市场回顾与展望报告。当中指出，在"9·5新 政"即时效应推动下，9月，深圳市宝安区及罗湖区月度总成交面积环比增长29.7%。 彼时，有业内人士分析认为，"9·5新政"有助于提振市场预期，促进市场"止跌回稳"。 第一太平戴维斯指出，尽管个别区域的市场热度有所提升，但综合三季度市场整体表现而言，购房情绪 仍保持审慎，三季度深圳全市一手住宅总成交面积 ...

Core Insights - The real estate market in major cities of China has shown increased activity in September, driven by a series of supportive policies and the traditional peak season of "Golden September and Silver October" [1][2] - Key cities such as Beijing, Shanghai, and Shenzhen have experienced a rise in both new and second-hand housing transactions, indicating a recovery in market sentiment [1][2] Market Performance - In September, Beijing saw new residential sales of 460,000 square meters, a month-on-month increase of 21% and a year-on-year increase of 22%. Second-hand home transactions reached 16,000 units, with a month-on-month increase of 19% and a year-on-year increase of 19% [1] - Shanghai's new residential sales totaled 970,000 square meters in September, reflecting a month-on-month increase of 23% and a year-on-year increase of 16%. Second-hand home transactions were 20,000 units, with a month-on-month increase of 5% and a year-on-year increase of 29% [1] - Shenzhen's second-hand home market showed significant growth, with 5,808 units sold in September, marking a month-on-month increase of 10.3% and a year-on-year increase of 52.4%. This marks the seventh consecutive month of exceeding the industry "boom-bust line" [1] - In addition to first-tier cities, many second-tier cities also displayed active markets, with 108,617 second-hand residential transactions in 14 monitored cities, a month-on-month increase of 5% and a year-on-year increase of 13.12%, achieving the highest monthly transaction volume since 2022 [1] Market Trends - The second-hand housing transaction volume in several cities, including Zhengzhou, Chengdu, and Wuxi, has returned to positive growth year-on-year as of September [2] - The average de-stocking period for second-hand homes in key cities was 17.7 months in September, a year-on-year decrease of 14.1%, indicating a significant improvement from last year's peak and a reduction in market pressure [2] - Analysts suggest that the positive market response to new policies has restored buyer confidence, particularly in first-tier and strong second-tier cities, leading to increased market activity [2] - The implementation of "regionally tiered relaxation" of purchase restrictions and enhanced credit support has lowered the barriers for second-hand home purchases, stimulating demand and facilitating transactions [2] - Overall, the transaction volumes for both new and second-hand homes in major cities have shown varying degrees of recovery, with expectations for continued stabilization in the fourth quarter [2]

Core Insights - The Shanghai real estate market shows a clear divergence between new and second-hand housing markets, with new homes benefiting from policy incentives while second-hand homes experience a significant decline in transactions [1][8]. New Housing Market Performance - During the National Day holiday from October 1 to October 7, 2025, Shanghai's new housing market recorded 909 transactions, representing a 78.9% increase compared to the same period in 2024 [1]. - The top ten new housing projects included three priced above 100,000 yuan per square meter, indicating strong demand for high-end properties [3]. - The overall new housing sales in September 2025 reached 970,000 square meters, with a month-on-month increase of 23% and a year-on-year increase of 16% [5]. Second-Hand Housing Market Performance - In contrast, the second-hand housing market saw only 780 transactions during the same holiday period, marking a 63.7% decrease year-on-year [1][8]. - The average daily transaction rate for second-hand homes was only 111 units, significantly lower than the 2,133 units sold daily during the same period in 2024 [8]. Regional Market Dynamics - The Yangpu district emerged as the most active area for new housing transactions, driven by the introduction of new projects in high-demand locations [1]. - The suburban areas also showed resilience, with districts like Baoshan and Qingpu achieving notable sales figures, indicating a shift in buyer interest towards these regions [1]. Developer Strategies and Promotions - Developers are actively launching new projects and promotional campaigns to attract buyers, with companies like Poly and Longfor offering various incentives during the holiday period [6][7]. - The introduction of policies such as the "Shanghai Six" has stimulated the market, particularly in suburban areas, leading to increased confidence among developers [10]. Future Market Outlook - The upcoming "Silver October" period is expected to see more projects entering the market, with several high-profile developments scheduled for launch [12][14]. - Analysts predict that the overall real estate policies will continue to focus on stabilizing the market and supporting sales, with expectations for further policy enhancements in the fourth quarter [8][16].

Core Insights - Shenzhen's real estate market has shown signs of recovery following the new policies implemented on September 5, with increased transaction volumes in both new and second-hand housing [1][2][3] New Housing Market - From September 5 to September 30, 16 new projects received pre-sale permits, a significant increase from only 6 in August, indicating developers' renewed confidence [2] - The combination of policy benefits and high-quality housing supply has amplified transaction volume growth, with increased viewings and reservations reported [2] Second-Hand Housing Market - The number of new second-hand residential contracts signed from September 6 to October 6 reached 3,699, marking a year-on-year increase of 32.63% [1] - The recorded volume of second-hand homes in September was 5,808, reflecting a month-on-month increase of 10.3% and a year-on-year increase of 52.4%, continuing a trend of exceeding the industry benchmark for seven consecutive months [1] Market Expectations - The Shenzhen Real Estate Association anticipates that the market will maintain high transaction volumes into the fourth quarter of 2025, driven by the ongoing effects of the new policies and the traditional sales peak [3] - Differentiated regulatory measures between core and non-core areas are expected to sustain market activity, with non-core areas benefiting from relaxed policies and lower prices, attracting first-time and upgrading buyers [3] Overall Market Performance - Despite a generally subdued performance during the National Day and Mid-Autumn Festival holidays, core cities like Beijing, Shanghai, and Shenzhen have seen year-on-year growth in new housing transaction areas [4] - The second-hand housing market in key cities has shown significant recovery in September, with expectations for continued moderate increases in transaction activity in October, although the "price-for-volume" strategy is likely to persist in the short term [4]

Core Viewpoint - The recent National Day holiday in Shenzhen saw a temporary boost in the real estate market due to the "9·5 housing policy" implemented a month prior, but overall transactions remain under pressure compared to last year [2][6][8] Market Performance - From October 1 to 8, Shenzhen recorded 183 new residential registrations, a year-on-year increase of 25.34%, but a month-on-month decrease of 52.09% [2] - The second-hand housing market showed significant weakness, with only 73 registrations during the same period, reflecting a month-on-month drop of 93.71% and a year-on-year decline of 71.71% [2][6] - Various real estate agencies reported increases in viewing and signing activities during the holiday, with some agencies noting a 22% rise in second-hand housing contracts and a 131% increase in new housing contracts [3][4] Sales Data - Popular new projects achieved significant sales during the holiday, with the Pengchen Yunzhu project selling over 120 units for a total of 800 million yuan, and other projects also reporting strong sales figures [5] - The Beike Research Institute noted a 49% year-on-year increase in second-hand housing contracts during the holiday, with a 96% increase on the last day of the holiday compared to the average of the previous days [4][5] Market Challenges - Analysts attribute the underperformance of the market to last year's high base effect, tourist distractions during the holiday, and a general wait-and-see attitude among buyers [2][6][8] - The market is expected to face significant downward pressure in the fourth quarter, with a potential narrowing of growth rates due to the pre-released demand from September [6][8] Future Outlook - The overall sentiment in the market remains cautious, with buyers preferring leisure activities over house hunting during the holiday [8] - Despite the challenges, core cities like Shenzhen are expected to see some support in new home sales due to the introduction of quality land parcels by major developers [8]

Group 1 - The core point of the article is the adjustment of housing provident fund loan limits in Nanjing and the introduction of new housing policies in Wuhan to stimulate the real estate market [1][3][4] Group 2 - In Nanjing, the maximum loan amount for individual contributors has been increased from 500,000 yuan to 800,000 yuan, while the maximum for couples remains at 1,000,000 yuan [3] - The new policy in Nanjing will take effect on October 9, 2025, and will be valid until December 31, 2027 [3] Group 3 - Wuhan's new policy includes an increase in the maximum loan amount for dual contributors to 1,500,000 yuan and exempts one currently listed property from loan count when applying for a new home [4] - The policy also provides a 50% subsidy on the actual paid deed tax for new commercial properties and offers interest subsidies for first-time homebuyers in outer areas [7] Group 4 - The introduction of these policies coincided with the National Day and Mid-Autumn Festival holidays, leading to increased interest in property purchases in Wuhan [11] - During the holiday period, approximately 23,000 visitors attended property viewings in Wuhan, indicating heightened market activity [11] Group 5 - New housing transactions in Wuhan saw a significant increase, with 3,542 new homes sold, representing a year-on-year growth of 28.1%, and 1,355 second-hand homes sold, up 8.3% [13]

Core Viewpoint - Multiple cities have introduced new real estate policies to stabilize the market ahead of the National Day holiday, signaling positive developments in the housing sector [1][2]. Policy Developments - From September 25 to October 1, cities such as Dongguan, Guangzhou, Shaoyang, Changchun, Ningxiang, Hefei, Wuhan, and Chongqing implemented new housing policies [2][3]. - Significant support for housing provident funds was noted, with Guangzhou optimizing its fund withdrawal policy for home purchases and renovations [3][4]. - Dongguan raised the maximum loan limit for first and second homes to 1.5 million yuan and increased support for down payments [3][4]. Market Performance - During the National Day holiday, the overall performance of the real estate market was relatively flat, but new home transaction areas in cities like Beijing, Shanghai, and Shenzhen saw year-on-year growth [2][5]. - According to statistics, Beijing's new residential sales averaged 0.61 million square meters daily during the holiday, a 52% increase compared to last year [6]. - In contrast, cities like Guangzhou, Hangzhou, and Chengdu experienced a decline in new home transactions during the same period [6][7]. Future Outlook - Analysts expect that the new supply from major developers in core cities will support new home sales in the fourth quarter, leading to a continued differentiated market performance [5][7]. - The overall transaction volume in the real estate market is anticipated to see a moderate recovery in October, although the trend of "trading volume for price" is likely to persist in the short term [7].

Core Insights - The real estate market in major Chinese cities has shown signs of recovery in September following policy optimizations implemented in August [1][2] - Significant increases in transaction volumes for both new and second-hand properties were reported in Beijing, Shanghai, and Shenzhen [1][2] Group 1: Beijing Market Performance - In September, new residential property transactions in Beijing reached 460,000 square meters, representing a month-on-month increase of 21% and a year-on-year increase of 22% [1] - The second-hand housing market in Beijing saw 16,000 transactions in September, with a month-on-month increase of 19% and a year-on-year increase of 19% [1] Group 2: Shanghai Market Performance - Shanghai's new residential property sales totaled 970,000 square meters in September, marking a month-on-month increase of 23% and a year-on-year increase of 16% [1] - The second-hand housing transactions in Shanghai reached 20,000 units, with a month-on-month increase of 5% and a year-on-year increase of 29% [1] Group 3: Shenzhen Market Performance - In Shenzhen, the average daily transaction of new residential properties from September 6 to 30 was 6,000 square meters, which is a 44% increase compared to August [1] - The second-hand housing market in Shenzhen recorded 4,546 transactions in September, reflecting a month-on-month increase of 9% and a year-on-year increase of 43% [1] Group 4: Overall Market Trends - According to statistics, the new housing transaction volume in first-tier cities increased by 16% month-on-month and 1% year-on-year in September, with a cumulative year-on-year growth of 4% for the first three quarters [2] - The market showed significant differentiation in second and third-tier cities, with cities like Chengdu, Qingdao, Wuhan, Xi'an, and Tianjin exceeding 500,000 square meters in transaction volume in September [2] - The overall recovery in the market is attributed to policy optimizations and increased promotional activities by developers during the National Day and Mid-Autumn Festival holidays [2]