Core Insights - The Shenzhen second-hand housing market is showing signs of recovery, particularly in the new second-hand housing segment, with a notable increase in transaction volumes in August [1][2] Group 1: Market Performance - In the week of August 18, Shenzhen recorded 1,265 second-hand housing transactions, a week-on-week increase of 4.0%, marking three consecutive weeks of growth [1] - Data from Le Youjia indicates that from August 1 to 17, the second-hand residential contract volume in Shenzhen increased by 47% compared to the same period last year, maintaining a relatively active state [1] - The proportion of transactions for properties priced below 3 million yuan increased by 2.5 percentage points from July, reaching 29.1% [1] Group 2: Price Trends - The latest data from the National Bureau of Statistics shows that the decline in second-hand housing prices is narrowing, with a 0.5% month-on-month decrease in July, which is a slight improvement from the 0.6% drop in June [2] - In first-tier cities, including Shenzhen, the month-on-month price decline was 0.9%, indicating a more significant downward pressure compared to other cities [2] Group 3: Future Outlook - The increase in second-hand housing listings and the presence of many low-priced properties suggest that the transaction volume in Shenzhen is likely to remain high, supported by favorable loan and interest rate conditions [3] - The new housing market is expected to exhibit a pattern where a few standout projects perform well while most others remain subdued, indicating greater competitive pressure [3]