Market Overview - The Beijing second-hand housing market has shown signs of recovery, with transactions reaching 3,136 units from August 18 to August 24, marking a week-on-week increase of 10.2%, the highest in six weeks [4][5] - The Shanghai second-hand housing market has also experienced a mild rebound, with 4,335 units sold during the same period, reflecting a week-on-week growth of 2.4% [8][10] - The Shenzhen second-hand housing market is stabilizing, with 1,003 units sold, a week-on-week increase of 2.5% [13][14] - The Hangzhou second-hand housing market is undergoing a slight adjustment, with 1,123 units sold, a week-on-week decrease of 3.1% [17][18] - The Chengdu second-hand housing market is showing significant recovery, with 3,565 units sold, a week-on-week increase of 12.9% [20][21] Transaction Data - Beijing: 3,136 units sold, average unit size at 92.0㎡, total transaction area of 288,947.22㎡ [5] - Shanghai: 4,335 units sold, average unit size at 82.0㎡, total transaction area of 356,506.67㎡ [10] - Shenzhen: 1,003 units sold, average unit size at 98.0㎡, total transaction area of 98,782.51㎡ [14] - Hangzhou: 1,123 units sold, average unit size at 105.0㎡, total transaction area of 118,015.00㎡ [18] - Chengdu: 3,565 units sold, average unit size at 94.0㎡, total transaction area of 336,219.40㎡ [22] Market Trends - Beijing's market is experiencing a "V-shaped" recovery, indicating a significant increase in market activity [4] - Shanghai's market shows a trend of increasing transactions, although still below peak levels [8] - Shenzhen's market is characterized by a gradual recovery, with signs of bottoming out in transaction volumes [13] - Hangzhou's market is in a seasonal adjustment phase, with a focus on larger unit sales [17] - Chengdu's market is approaching previous peak levels, indicating strong demand [20]

Core Insights - The Shenzhen second-hand housing market showed a positive recovery trend in August, with a recorded 1,265 transactions in the 33rd week, representing a 4.0% week-on-week increase, marking three consecutive weeks of growth [1] - The transaction structure indicates a shift in buyer preferences, with popular areas being Longgang Central City, Nanshan Qianhai, and Longgang Shuangcheng, recording 49, 43, and 41 transactions respectively [3] - The market is witnessing a significant interest in second-hand homes, particularly those priced below 3 million yuan, which accounted for 29.1% of transactions, up 2.5 percentage points from July [3][4] Market Activity - Data from multiple real estate platforms indicate increased market activity, with a 47% year-on-year rise in second-hand residential contracts from August 1 to 17 [3] - The Beike Research Institute reported a 26.3% increase in second-hand home transactions in the last week, with viewings also rising by 16% [3] - The total number of effective second-hand housing listings in Shenzhen was 76,399 as of August 18, showing a slight decrease of 92 listings from the previous week, indicating a potential improvement in supply-demand dynamics [4] Buyer Preferences - There is a growing interest in "new second-hand" homes, typically 5 to 10 years old, due to their price advantages and the absence of waiting for handover [4] - The price drop in many recently launched second-hand housing projects has created a "price inversion" phenomenon, making them more attractive compared to new homes [4] - The market continues to exhibit a trend of "price for volume," but prices for new second-hand homes have shown signs of recovery, reflecting differentiated performance among various property types [4]

Market Analysis - The Beijing second-hand housing market has recently shown a mild correction, with transactions of 2,845 units in the week of August 11-17, 2025, reflecting a week-on-week decrease of 3.9% [4][6]. - The total transaction area was 260,048.82 square meters, down 5.1% from the previous week, indicating a trend of declining sales after reaching a peak of 2,997 units at the end of July [4][6]. - The average unit area remains stable at 91-93 square meters, suggesting that demand for essential housing products continues to dominate the market [4]. Shanghai Market - The Shanghai second-hand housing market has shown a mild recovery, with 4,233 transactions in the same week, marking a week-on-week increase of 1.9% [9][10]. - The average transaction area decreased slightly to 82 square meters, indicating a rise in demand for essential housing [9][11]. - The market is characterized by stable volume and flat prices, with expectations of continued fluctuations in the short term [9]. Shenzhen Market - The Shenzhen second-hand housing market has shown signs of stabilization and recovery, with 979 transactions, up 8.1% week-on-week, ending a four-week downward trend [14][16]. - The average transaction area has increased to 102 square meters, reflecting a rebound in demand for larger units [14][16]. - The total transaction area rose by 9.2%, indicating heightened activity in larger unit sales [14]. Hangzhou Market - The Hangzhou second-hand housing market has shown stability, with 1,159 transactions, a slight increase of 1.5% week-on-week [19][20]. - The average unit area has narrowed to 102 square meters, suggesting a higher proportion of essential housing transactions [19][20]. - The total transaction area increased by 1.9%, indicating a slight recovery in demand for improved housing [19]. Chengdu Market - The Chengdu second-hand housing market has shown signs of a rebound, with 3,157 transactions, reflecting a week-on-week increase of 5.4% [22][24]. - The total transaction area was 302,399.65 square meters, up 6.5%, indicating a strong market resilience [22][24]. - The average unit area has stabilized at 96 square meters, suggesting an increase in demand for improved housing options [22].