Core Insights - The Shenzhen real estate market performed better in the first half of the year compared to the same period last year, with new residential sales reaching 15,101 units, a 24.4% increase year-on-year [1][2] - The second-hand housing market recorded 35,106 transactions, marking a 30.7% increase compared to the previous year [1][2] - The overall market maintained a good operational trend, with a notable recovery in the second-hand housing market after the Spring Festival [1] Sales Performance - In June 2025, the city recorded 5,546 second-hand housing transactions, reflecting a month-on-month decrease of 3.2% but a year-on-year increase of 4.5% [1][2] - The average monthly sales of second-hand homes exceeded 5,000 units in the first half of the year, indicating a stable market performance [1] New Housing Market - In the first half of 2025, pre-sale new homes totaled 16,522 units, a year-on-year increase of 11.9%, with 2,054 units sold in June alone [2] - The demand for smaller residential units remains strong, with homes under 90 square meters accounting for 55.9% of total transactions, although this is a decrease from 61.4% in the same period last year [2] Inventory Trends - As of June 30, 2025, there were 73,858 effective second-hand housing listings, an increase of 2.9% from the previous month [2] - The willingness of homeowners to sell has increased, contributing to the rising inventory levels in the second-hand housing market [2]

Group 1 - Qingdao Housing "Old for New" implementation steps have been clarified, requiring local housing departments to report details of old and new housing transactions to the municipal housing authority for public disclosure and funding application [1] - In April, Shenzhen's second-hand housing transaction volume reached 6,597 units, a year-on-year increase of 33.5%, while new housing transactions totaled 2,845 units, showing a slight year-on-year growth of 0.7% [2] - Changchun has optimized its housing provident fund policies, allowing families with multiple children to increase their loan limit by up to 40% when using the fund for the second time [3] Group 2 - China’s top 100 real estate companies acquired land worth 360.8 billion yuan in the first four months of 2025, marking a year-on-year increase of 26.6% [5] - In a recent announcement, China Merchants Shekou provided a guarantee of up to 357 million yuan for a 700 million yuan development loan requested by Nantong Zhaochuang [4]