Core Insights - The Chinese real estate market is showing signs of stabilization, with second-hand housing transactions becoming dominant due to various policy adjustments and incentives [1][2][3] Policy Adjustments - Local governments have been continuously optimizing real estate policies, including the implementation of home purchase subsidies and housing consumption vouchers [1][2] - Over 60 cities have introduced policies to support rigid and improved housing demand, such as purchase subsidies and "old-for-new" exchange programs [2] Market Trends - From January to October, the area of second-hand housing transactions increased by 4.7% year-on-year, with second-hand homes accounting for 44.8% of total transactions [1] - The total transaction volume of new and second-hand homes has remained stable, indicating the effectiveness of various measures to stabilize the market [2] Land Supply and Urban Development - Cities are controlling land supply and optimizing land allocation to enhance urban development, with examples including Shenzhen and Hangzhou [3] - The transition from new home sales to second-hand home transactions reflects a shift in urbanization from rapid growth to stable development [3] Consumer Preferences - In the current market, second-hand homes are favored due to their better locations, established amenities, and immediate occupancy advantages, particularly among young people and new residents [3]

Core Viewpoint - The recent transaction of a villa in Tianyun Yayuan, Ganzhou, indicates a potential revival in the local second-hand housing market, despite the property being vacant for 10 years. The villa sold for 5.26 million yuan, reflecting a significant price drop from its initial listing. Group 1: Property Transaction Details - A villa in Tianyun Yayuan was sold for a total price of 5.26 million yuan, with a unit price of 8,768 yuan per square meter [1] - The property had a total area of 600 square meters and was in a rough condition at the time of sale [1] - The transaction took 182 days, with the property initially listed at 6.3 million yuan before undergoing multiple price reductions totaling 1.02 million yuan [5] Group 2: Property Characteristics - Tianyun Yayuan consists of 5 high-rise buildings and 2 villas, covering a total area of 22,934.6 square meters with a total construction area of 87,765.32 square meters [7] - The project was completed in 2015 and is managed by Ganzhou Zhongcheng Property [7] - The community features a green space ratio of 35% and has a total of 614 households [7] Group 3: Market Context - The average listing price for Tianyun Yayuan is currently 13,417 yuan per square meter, ranking 48th among 296 communities in the Zhangjiang New District of Ganzhou [12] - In the last 90 days, only one unit was sold, indicating low market activity, with 66 viewings in the last 30 days [12] - There are currently 41 units for sale in the community, primarily high-rise residential properties, with most listings priced between 9,000 and 15,000 yuan per square meter [14] Group 4: Location and Amenities - The location of Tianyun Yayuan is advantageous, being close to Central Ecological Park and the Wanxiang City shopping area, as well as quality educational resources like Ganzhou Middle School and Wenqing Road Primary School [9] - The community's proximity to major roads may affect the privacy and noise levels of the villas, which are situated among high-rise buildings [19][22] Group 5: Buyer Considerations - The villas in Tianyun Yayuan face challenges in attracting buyers due to their high total prices despite relatively low unit prices, leading to prolonged vacancy [30] - The recent sale of the villa at 5.26 million yuan suggests that buyers may prioritize location over property quality, as the buyer likely valued the area's advantages [35]