Core Viewpoint - The Wuhan real estate market shows significant recovery in the first half of 2025, driven by supportive policies and increased demand for new housing, with a notable rise in sales and market activity [1][6][7]. Sales Performance - In the first half of 2025, Wuhan's total signed sales area for commercial housing reached 6.1539 million square meters, an increase of 14.8% year-on-year, with new housing sales area at 5.0697 million square meters, up 30.6% [3][4]. - The average de-stocking cycle for new housing has decreased to 12 months, while the second-hand housing signed transaction area was 5.3337 million square meters, reflecting a 10.8% year-on-year increase [3]. Policy Impact - The introduction of the "Han Nine Articles" on April 30 has enhanced support for housing consumption, including expanded subsidies for multi-child families and increased financial assistance [4][6]. - The Spring Home Buying Festival during the May Day holiday attracted significant participation from various sectors, further stimulating market activity [5]. Market Dynamics - The new housing sales in June reached a monthly high, with a total of 21,551 units sold, marking a 30.9% month-on-month increase and a 26.3% year-on-year increase [7]. - The average de-stocking rate for newly launched projects has improved significantly, with some projects achieving a de-stocking rate of over 70%, particularly in the central urban areas [8]. Inventory Management - The government is actively addressing inventory pressure in the outskirts while promoting the sale of new housing and the conversion of existing stock through various financial support mechanisms [10][11]. - Approximately 30% of new housing transactions in the first half of the year were related to various forms of affordable housing and stock management initiatives [11]. Land Market Trends - In the first half of 2025, 28 residential land parcels were sold, totaling 2.1944 million square meters, with a transaction value of 11.407 billion yuan, reflecting a significant increase in both volume and value compared to the previous year [14]. - The average premium rate for land sales has increased dramatically, with some parcels experiencing competitive bidding and high premium rates, indicating strong market interest [15].