Core Viewpoint - The introduction of "sales-type affordable housing" in Shenzhen marks a significant shift in the real estate market, establishing a dual-track system that separates market housing from affordable housing [1][2]. Group 1: Definition and Differences of Affordable Housing - The new affordable housing categories include public rental housing, guaranteed rental housing, and sales-type affordable housing, with the latter being sold directly to eligible residents [1]. - Sales-type affordable housing will be subject to closed management, prohibiting any conversion to market housing, contrasting with previous types like affordable housing and talent housing that allowed for such conversions after a certain period [2]. Group 2: Impact of Dual-Track System on the Real Estate Market - The dual-track system alters the logic of the current real estate market, redefining housing primarily as a living tool rather than an investment vehicle [3][4]. - This shift will lead to a gradual "de-financialization" of many properties, affecting their monetary attributes and reducing the demand for market housing as the focus shifts to affordable housing for first-time buyers [5]. - The market will see a polarization where core urban areas maintain value due to limited supply and strong demand, while peripheral cities may experience declining prices and reduced liquidity [5][6]. Group 3: Price Stability and Market Conditions - The dual-track system is not expected to significantly impact housing prices in the short term, as macroeconomic factors and liquidity issues are the primary determinants of price movements [7]. - Current market conditions indicate a stabilization phase for housing prices, with limited upward or downward movement anticipated [8].

Core Viewpoint - The introduction of "sales-type affordable housing" in Shenzhen marks a significant shift in the real estate market, establishing a dual-track system that separates market housing from affordable housing [1][2]. Group 1: Definition and Differences of Affordable Housing - The new affordable housing categories include public rental housing, rental housing for new citizens and talents, and sales-type affordable housing aimed at residents with housing needs [1]. - Sales-type affordable housing will be managed under a closed system, prohibiting any conversion to market housing, contrasting with previous types like affordable housing and talent housing that allowed for such conversions after a certain period [2]. Group 2: Impact of Dual-Track System on the Real Estate Market - The dual-track system alters the logic of the current real estate market, redefining housing primarily as a living tool rather than an investment vehicle [3][4]. - This shift will lead to a gradual "de-financialization" of many properties, affecting their monetary attributes and reducing the demand for market housing as the focus shifts to affordable housing for first-time buyers [5]. - The market will see a polarization where core urban areas maintain value due to limited supply and strong demand, while peripheral cities may experience declining prices and reduced liquidity [5][6]. Group 3: Price Stability and Market Conditions - The dual-track system is not expected to significantly impact housing prices in the short term, as macroeconomic factors and liquidity issues are the primary determinants of price movements [7]. - The current real estate market is in a stabilization phase, with limited upward or downward price movement anticipated [8].

Core Viewpoint - The introduction of "sales-type affordable housing" in Shenzhen marks a significant shift in the real estate market, establishing a dual-track system that separates market housing from affordable housing [1][2]. Group 1: Definition and Differences of Affordable Housing - The new affordable housing categories include public rental housing, guaranteed rental housing, and sales-type affordable housing, with the latter being sold directly to eligible residents [1]. - Sales-type affordable housing will be subject to closed management, prohibiting any conversion to market housing, contrasting with previous types like affordable housing and talent housing that allowed for such conversions after a certain period [2]. Group 2: Impact of Dual-Track System on the Real Estate Market - The dual-track system alters the logic of the current real estate market, redefining housing primarily as a living tool rather than an investment vehicle [3][4]. - This shift will lead to a gradual "de-financialization" of many properties, affecting their monetary attributes and reducing the demand for market housing as the focus shifts to affordable housing for first-time buyers [5]. - The market will see a polarization where core urban areas maintain value due to limited supply and strong demand, while peripheral cities may experience declining prices and reduced liquidity [5][6]. Group 3: Price Stability and Market Conditions - The dual-track system is not expected to significantly impact housing prices, which are more influenced by macroeconomic conditions and liquidity issues [7]. - Current housing prices are in a stable phase with limited upward or downward movement, reflecting a balance between supply and demand [8].

Core Viewpoint - The introduction of "sales-type affordable housing" in Shenzhen marks a significant shift in the real estate market, establishing a dual-track system that separates market housing from affordable housing [1][2][3]. Group 1: Definition and Differences of Affordable Housing - The new affordable housing categories include public rental housing, guaranteed rental housing, and sales-type affordable housing, with the latter being sold directly to eligible residents [1]. - Sales-type affordable housing will be subject to closed management, prohibiting any conversion to market housing, contrasting with previous types like affordable housing and talent housing that allowed for such conversions after a certain period [2]. Group 2: Impact of Dual-Track System on the Real Estate Market - The dual-track system alters the logic of the current real estate market, redefining housing primarily as a living tool rather than an investment vehicle [3][4]. - This shift will lead to a gradual "de-financialization" of many properties, affecting their monetary attributes and reducing the demand for market housing as the focus shifts to affordable housing for first-time buyers [5]. - The market will see a polarization where core urban areas maintain value due to limited supply and strong demand, while peripheral cities may experience declining prices and reduced liquidity [5][6]. Group 3: Price Stability and Market Conditions - The dual-track system is not expected to significantly impact housing prices in the short term, as macroeconomic factors and liquidity issues are the primary determinants of price movements [7]. - The current real estate market is in a stabilization phase, with limited upward or downward price movement anticipated [8].

Group 1 - The article discusses the real estate market in Xiamen, highlighting a "disdain chain" among different districts regarding property prices [1] - It emphasizes the importance of understanding the difference between self-occupied and investment properties, indicating that their value assessments differ significantly [1] - The article notes that the peak transaction months for the real estate market are typically March and April, serving as indicators for the market's performance in the first half of the year [1] Group 2 - Recent data shows that the actual transaction prices in Xiamen have fluctuated between -19.75% and -1.25% compared to the listed prices, indicating a more rational pricing strategy among sellers after a year of market correction [2] - The majority of negotiation outcomes are concentrated within a 10% range of the asking price, reflecting a more realistic approach to pricing [2] Group 3 - The highest transaction price recorded recently is 77,200 CNY per square meter, while the lowest is 8,672 CNY per square meter, with the majority of transactions above 40,000 CNY per square meter occurring in the Siming District [3]