该地块起始总价约3.97亿元，折合起始楼面价约8202元/平方米，不设最高限价，价高者得。根据该地 块规划建设要求，该地块开发周期为3年，宗地竞得人必须在土地交付后1年内动工建设，于2026年12月 19日前开工，在2029年12月19日前竣工。 需要指出的是，该地块曾于去年11月挂牌，在距离挂牌截止日期还有不到4天时间时，该地块却"因故终 止挂牌出让"。记者通过对比发现，该地块此次挂牌，无论是总价、地块规划以及出让要求，均与去年 首次挂牌时保持一致。 东莞公共资源交易网信息显示，该地块占地面积约4.4万平方米，为城镇住宅用地（R1一类居住用 地），即指以低层住宅为主、建筑密度较低、绿地率较高且环境良好的用地。另外，该地块容积率为 1.1，建筑密度不超40%，总建面约48401平方米，限高18米。综合以上指标，该地块大概率以建设别墅 等独立式住宅为主。 地块位置图。 记者还注意到，近年来，凤岗住宅用地供应较少。据公开数据显示，自2017年以来，凤岗挂牌出让的住 宅用地不到10宗，而且近几年凤岗宅地成交楼面价普遍在2万元/平方米以上。对此，有业内人士指出， 凤岗是东莞楼市去库存压力较大的镇街，不少项目"面包"价 ...

Core Viewpoint - The implementation of the "housing ticket" compensation policy in Shanghai's urban village renovation is expanding from suburban areas to the city center, aiming to accelerate the de-inventory of existing properties and provide more flexible compensation options for residents [2][3]. Group 1: Policy Implementation - The "housing ticket" compensation can be applied to land and collective housing requisition within the Pudong New Area, with new residential projects eligible for inclusion in the housing ticket source pool [2]. - Residents opting for the housing ticket can receive a policy reward, with a potential maximum purchase fund of 108% of the monetary compensation amount, depending on the specific project [3]. - The housing ticket mechanism has re-emerged due to increased urban village renovations and pressure to reduce housing inventory, following its previous use in the last decade [3]. Group 2: Market Impact - The introduction of the housing ticket in central urban areas has garnered attention, with its initial rollout in suburban districts like Qingpu and Jiading [3]. - In the Xuhui District, the housing ticket program encourages residents to reinvest their compensation funds into the housing market, which has led to increased transaction volumes in nearby areas [5]. - The policy allows for a broad range of property purchases within Shanghai, not limiting buyers to new homes, thus stimulating market demand [5].

Core Viewpoint - The implementation of the "housing ticket" policy in Shanghai is expanding from suburban areas to the central urban district, aiming to accelerate the de-inventory of existing properties and provide more flexible compensation options for residents affected by land acquisition [3][5]. Group 1: Policy Implementation - The "housing ticket" policy allows for compensation through housing tickets for land acquisition in both state-owned and collective housing in the Pudong New Area, including new residential projects that meet certain criteria [3][4]. - Residents opting for housing ticket compensation can receive a policy reward, which can increase the maximum purchase funds to 108% of the monetary compensation amount, depending on the specific project [4]. Group 2: Historical Context - The housing ticket mechanism previously played a significant role in the real estate market during a past inventory reduction phase but faded after 2018 due to a decline in urban renewal projects [5]. - The recent expansion of the housing ticket policy follows the successful implementation in Guangzhou and other first-tier cities, indicating a renewed focus on addressing inventory issues in the housing market [5]. Group 3: Market Impact - The introduction of the housing ticket mechanism in central urban areas, such as the Xuhui District, has led to increased transaction volumes in both new and second-hand housing markets, suggesting a positive impact on market demand [6][7]. - The policy encourages residents to reinvest their compensation funds into the housing market, thereby stimulating demand and supporting overall market activity [6].

Core Viewpoint - The implementation of the "housing ticket" policy in Shanghai is expanding from suburban areas to the central urban area, aiming to accelerate the de-inventory of existing properties and provide more flexible compensation options for residents affected by land acquisition [1][2]. Group 1: Policy Implementation - The "housing ticket" policy allows for compensation through housing tickets for land acquisition in both urban and suburban areas of Pudong New District, including new residential projects that meet certain criteria [1]. - Residents opting for housing tickets can receive a policy reward, which can increase the maximum purchase funds by a specified percentage, enhancing their purchasing power in the real estate market [1]. - The policy is designed to encourage residents to reinvest their compensation funds into new properties, thereby stimulating market demand [3]. Group 2: Historical Context - The housing ticket mechanism previously played a significant role in the real estate market during a past inventory reduction phase but faded from prominence after 2018 [2]. - Recent pressures from urban village renovations and inventory reduction have led to a resurgence of the housing ticket policy, with cities like Guangzhou leading the way in its reintroduction [2]. Group 3: Market Impact - The introduction of the housing ticket in central urban areas, such as Xuhui District, has generated interest and is expected to boost transaction volumes in both new and second-hand property markets [4]. - Analysts observe that the flexibility of the housing ticket, which does not restrict the purchase area within Shanghai, encourages residents to invest their compensation in the housing market, thus aiding in demand release [3][4].

在十年前那一轮楼市去库存中，房票安置曾起到重要作用，但随着2018年棚改退潮，房票也逐渐淡出人 们的视野。近几年，城中村改造规模扩大以及楼市去库存压力增加，促使房票安置又"重出江湖"。 去年年初，广州率先发布《广州市房票安置实施方案》，成为本轮楼市去库存中首个落地房票政策的一 线城市。同年，其他三个一线城市也开启对房票安置制度的探索。 去年8月，上海市金山区金山卫镇横浦村集体土地动迁群众李先生拿到了"沪上001号房票"，此后，房票 安置制度在上海的青浦、嘉定等外围郊区陆续铺开。 今年下半年，房票机制开始被引入上海中心城区动迁工作中，引发坊间关注。 在上海城中村改造按下"加速键"之际，"房票安置"的推行范围也从郊区扩展到了中心城区。 11月7日，上海市浦东新区建设和交通委员会官方微信号发布"带您解读《浦东新区房票安置实施办法 （试行）》"，其中明确：浦东新区范围内国土、集体房屋征收均可适用房票安置；浦东新区（含临港 新片区浦东区域）内新建商品房楼盘经审核均可纳入申报房票房源库。 为什么浦东新区要推行房票安置？上述政策解读文中提及，原因包括加快推进浦东新区存量商品房去 化，拓展征收补偿安置方式，鼓励被征收居民以征 ...

Core Viewpoint - The real estate market in China is showing signs of stabilization despite fluctuations due to domestic and international factors, with a reduction in inventory and a narrowing decline in sales and prices [3][4]. Sales Performance - From January to August 2023, the total sales area of new commercial housing reached 57,304 million square meters, a year-on-year decrease of 4.7%. The sales amount was 55,015 billion yuan, down 7.3% year-on-year [3]. - As of the end of August, the unsold commercial housing area was 76,169 million square meters, a decrease of 3.17 million square meters from the end of July, indicating a continuous reduction in inventory for six months [3]. Price Trends - In August, new residential sales prices in first-tier cities decreased by 0.1% month-on-month, while second-tier and third-tier cities saw declines of 0.3% and 0.4%, respectively. Year-on-year declines were 0.9%, 2.4%, and 3.7% for the three tiers [4][5]. - The number of cities with rising new home prices increased to 9 in August, compared to 6 in July, indicating a potential recovery in certain markets [4][5]. Inventory and Market Dynamics - The reduction in unsold housing inventory is seen as beneficial for balancing supply and demand, with some projects entering the completed phase, enhancing sales potential [3][5]. - The narrowing year-on-year price decline suggests that the market is moving towards a bottoming process, with some properties showing signs of price stabilization [5]. Policy Impact - Various policies have been introduced at both central and local levels to stimulate the market, including optimized purchase restrictions in major cities like Beijing and Shanghai [6]. - Following the new policies, Shenzhen reported a 19% week-on-week increase in second-hand housing transactions, indicating a positive market response [6]. Market Outlook - The market is entering the traditional peak season of "Golden September and Silver October," with expectations for increased activity as developers accelerate project launches, particularly for new products [6].

截至8月末，全国商品房待售面积76169万平方米，比7月末减少317万平方米。其中，住宅待售面积减少 307万平方米，商品房库存已连续6个月减少。 国家统计局新闻发言人付凌晖表示，从前八月情况看，受国内外形势变化影响，我国房地产市场虽有波 动，但商品房销售和住宅价格同比降幅收窄，去库存成效仍在显现，房地产市场仍在朝着止跌回稳的方 向迈进。 上海易居房地产研究院副院长严跃进称，从全国商品房待售面积看，该指标总体上处于改善的阶段。一 是库存没有过快增长，有助于供求关系平衡；二是一些项目逐渐进入现房阶段，去化优势增加；三是很 多项目属于新规产品、卖点较好。 全国楼市前八月运行情况出炉。 9月15日，国家统计局发布数据显示，今年1～8月份，全国新建商品房销售面积57304万平方米，同比下 降4.7%；新建商品房销售额55015亿元，同比下降7.3%。 从房价表现看，8月份，一线城市新建商品住宅销售价格环比下降0.1%，二线城市新建商品住宅销售价 格环比下降0.3%，三线城市新建商品住宅销售价格环比下降0.4%，同比降幅则分别为0.9%、2.4%、 3.7%。 新房价格上涨的城市数量则有所增多。70个大中城市商品住宅销 ...

Group 1 - The core viewpoint of the articles indicates that the real estate market in China is showing signs of stabilization despite fluctuations due to domestic and international factors, with a notable decrease in inventory and a narrowing decline in sales and prices [1][2][3] - From January to August, the total sales area of new commercial housing reached 57,304 million square meters, a year-on-year decrease of 4.7%, while the sales amount was 55,015 billion yuan, down 7.3% year-on-year [1] - As of the end of August, the unsold commercial housing area was 76,169 million square meters, a reduction of 3.17 million square meters from the end of July, marking six consecutive months of inventory decline [1] Group 2 - In August, the number of cities with rising new home prices increased to 9, compared to 6 in the previous month, indicating a growing demand in second-tier cities [2] - The year-on-year decline in new residential sales prices in first, second, and third-tier cities narrowed by 0.2, 0.4, and 0.5 percentage points respectively in August, suggesting a trend towards market stabilization [2] - Local governments are implementing various policies to stimulate the market, with significant changes in purchase restrictions in cities like Beijing, Shanghai, and Shenzhen, leading to a notable increase in transaction volumes [3]

Core Insights - Beijing's real estate market is experiencing a significant policy shift with the introduction of new regulations aimed at optimizing housing purchases for both local and non-local residents [2][3][5] - The new policy allows non-Beijing residents who have paid social insurance or income tax for over two years to purchase unlimited properties outside the Fifth Ring Road, which is expected to stimulate market activity [2][3][12] Market Activity - Following the announcement of the new policy, there was a notable increase in market activity, with some new housing projects reporting visitor numbers up by 200% compared to previous weekends [3][14] - Real estate agents have observed a rise in inquiries from both buyers and sellers, indicating a potential uptick in transaction volumes [4][10] Developer Response - Developers are responding quickly to the new policy, with many working overtime to create marketing strategies and extend viewing hours for potential buyers [6][9] - The policy's timing is unusual, as significant real estate regulations are typically not introduced during the traditional summer lull [7][8] Sales Trends - The new policy is particularly beneficial for lower-priced housing options, with a significant portion of new sales occurring outside the Fifth Ring Road, where over 80% of new residential sales have been recorded [12][13] - There is a growing interest in properties that require lower down payments, making them more accessible to first-time buyers [13][20] Future Outlook - Analysts suggest that while the immediate effects of the policy are positive, the true impact on transaction volumes will take time to materialize due to the lag in registration data [17][19] - The market is expected to stabilize and potentially recover in the coming months, as the new regulations have improved buyer confidence [20][21]

Investment Rating - The report indicates a downward trend in inventory levels across 50 key cities, with a year-on-year decrease of 7% as of June 2025, suggesting a cautious investment outlook for the real estate sector [3][18]. Core Insights - The real estate market is currently in a de-inventory cycle, with significant pressure on certain cities like Guangzhou, Wuhan, and Nanjing, where the de-inventory period exceeds 18 months [3][18]. - The inventory structure shows that the main inventory in Guangzhou, Wuhan, and Nanjing is concentrated in the 100-120 square meter range, while larger units (over 160 square meters) are also increasing in proportion [4][18]. - Peripheral areas in Guangzhou and mid-value districts in Wuhan and Nanjing are experiencing inventory accumulation, while core urban areas are seeing a slight increase in inventory ratios [8][18]. Summary by Sections Inventory Trends - As of June 2025, the narrow inventory in 50 cities is recorded at 30,927 million square meters, reflecting a 7% year-on-year decline [3][18]. - The de-inventory cycle for these cities is approximately 21.82 months, down 5% year-on-year [3]. Area Segmentation - The main inventory in Guangzhou, Wuhan, and Nanjing is in the 100-120 square meter range, accounting for over 20% of total inventory [4][6]. - Larger units (over 160 square meters) are seeing an increase in inventory pressure due to a rise in high-end residential supply, while smaller units (70-100 square meters) are experiencing a notable decline [4][6]. Regional Analysis - In Guangzhou, peripheral low-value areas have a higher inventory ratio, with the inventory in the增城区 reaching 22.26% as of June 2025, showing a slight increase [8][9]. - Core areas in cities like Wuhan and Nanjing have inventory ratios below 5%, but there is a rising trend in these areas [8][9]. De-inventory Cycle - The de-inventory cycle for units smaller than 80 square meters and larger than 180 square meters is significantly high, indicating a mismatch between supply and demand [12][18]. - For example, in Guangzhou, units below 70 square meters and above 160 square meters have a de-inventory cycle exceeding 30 months [12][18].