Core Insights - The research center of Le Youjia indicates a rising trend in the transaction share of newly built homes (less than 5 years old) and older residential communities (over 20 years old) in Shenzhen over the past five years [1] Group 1: Transaction Share by Age of Property - The transaction share of homes less than 5 years old increased to 7% in January-November 2025, up 3 percentage points from 2024 [2] - The share of properties aged 5-10 years decreased to 15% in January-November 2025, down from 17% in 2024 [2] - The share of properties aged 10-20 years dropped to 33% in January-November 2025, down from 37% in 2024 [2] - The share of properties over 20 years old reached 45% in January-November 2025, an increase of 3 percentage points compared to 2024 [3] Group 2: Market Dynamics and Influencing Factors - The increase in transaction share for newly built homes is attributed to the cancellation of the "9.29" policy and the adjustment of the value-added tax from 5% to 2%, as well as a growing demand for quality living environments [2] - The active trading of older residential communities is supported by their established living atmosphere and mature surrounding amenities, with notable communities like Yitian Village and Yujing Huacheng Garden experiencing high market activity [3] - As of November 19, 2025, the total pre-sale and current sale transactions for new homes reached 1,824, while the second-hand residential transactions totaled 3,081 [3]