Core Viewpoint - The real estate market in Chengdu is experiencing a significant rise, with land prices breaking records and a strong demand for both new and second-hand homes, contrasting with the stagnation seen in many other cities [1][5][19]. Group 1: Chengdu Real Estate Market Performance - Chengdu has ranked first in new residential sales in China for five consecutive years, with a total of approximately 12 million units sold in the first four months of this year [2][15]. - In the first four months of 2025, Chengdu's residential land transactions totaled 34 plots, with a total land price of 237.2 billion yuan, and 15 plots sold at a premium [6][15]. - The average price of new homes in Chengdu has shown a slight increase, with the average price recorded at 19,493 yuan/m² in April 2025, while the core urban area maintained a stable price of 26,954 yuan/m² [10][15]. Group 2: Land Price Surge - Chengdu's land prices have seen a dramatic increase, with the floor price for land in the Financial City area rising from 27,300 yuan/m² to 41,200 yuan/m² within six months [5][6]. - The competitive bidding for land has intensified, with notable instances of land being sold at premiums exceeding 70% [5][6]. Group 3: Policy Support and Market Dynamics - The local government has implemented various supportive policies to stimulate the real estate market, including streamlined contract registration processes and the removal of certain purchase restrictions [19][20]. - Chengdu's strategic positioning as a key economic hub in the Chengdu-Chongqing economic circle has attracted a significant influx of high-quality talent, further driving housing demand [22][23]. Group 4: Market Trends and Consumer Behavior - Despite the rising land prices, the second-hand housing market in Chengdu has not seen significant price increases, with some properties reportedly returning to 2017 price levels [11][12]. - The demand for high-end properties remains strong, with a notable increase in the number of new homes priced above 40,000 yuan/m² [16][19].