Group 1 - The Shenzhen Real Estate Brokerage Association reported that in the first week of 2026, the city recorded 1,115 second-hand housing transactions, a month-on-month decrease of 22.6%, primarily due to the impact of the New Year holiday, although the overall level remains relatively high [1] - In December 2025, Shenzhen recorded 6,612 second-hand housing transactions, an increase of 14.8% compared to the previous month, indicating a steady recovery in the market [1] - Since March 2025, the monthly transaction volume of second-hand housing in Shenzhen has consistently remained above the "threshold line" of 5,000 units for 10 consecutive months, suggesting that the market has entered a relatively active phase [1] Group 2 - The Lianjia Research Center reported that in 2025, the total online signing of first and second-hand residential properties in Shenzhen was 94,096 units, a year-on-year decrease of 9%, with second-hand residential properties accounting for 60% of the total [1] - Specifically, the online signing of second-hand residential properties in Shenzhen reached 56,217 units in 2025, a year-on-year increase of 3.2%, while the recorded volume of second-hand housing was 69,773 units, up 4.3% year-on-year [1] - In the first week of 2026, Shenzhen's new housing transactions (including pre-sale and current sale) totaled 1,418 units, a month-on-month decrease of 3.8%, while commercial office transactions increased by 9% to 929 units [1] Group 3 - During the New Year holiday, major cities saw real estate companies continuing their marketing efforts with strategies such as "discounted houses," "waiving or reducing property fees," and "offering parking spaces," primarily aimed at digesting existing inventory, resulting in a relatively subdued market performance [2] - Analysts believe that the reduction of the property transaction value-added tax by the Ministry of Finance is expected to further stimulate the second-hand housing market in 2026, benefiting from policy incentives [2] - According to analyst Lu Wenxi from Shanghai Zhongyuan Real Estate, the end of 2025 showed positive market signals, and tax relief measures are beneficial for reducing transaction costs, facilitating both new and second-hand housing transactions [2]