Core Viewpoint - The Shenzhen real estate market showed a positive recovery in the first half of 2025, driven by favorable policies and seasonal demand, with a significant increase in both new and second-hand residential transactions [1][3]. Group 1: Market Performance - In the first half of 2025, a total of 51,104 residential units were signed in Shenzhen, representing a year-on-year increase of 38.8% [3]. - New residential sales reached 21,873 units, up 41.8% year-on-year, while second-hand residential sales increased by 36.6% to 29,231 units [3]. - The overall supply of new homes decreased significantly, with only 17,232 new units supplied, a drop of over 44% year-on-year [3]. Group 2: Sales Dynamics - The new home transaction volume increased by nearly 80% year-on-year, with 31,074 new homes sold, and the average price for quality improvement projects ranged from 50,000 to 80,000 yuan per square meter [5][6]. - The proportion of existing homes in transactions is rising, with 30.9% of new homes sold being completed units, indicating a shift towards a "ready-to-move-in" market [5][6]. Group 3: Second-hand Market Trends - The second-hand housing market recorded 35,106 transactions, a 30.7% increase compared to the same period in 2024, with a notable dominance of small-sized units under 90 square meters, accounting for 55.9% of total transactions [7][8]. - The number of available second-hand homes increased to 73,858 units by the end of June, reflecting a 2.9% rise, indicating a growing willingness among homeowners to sell [8]. Group 4: Future Outlook - The market is expected to maintain stability in the second half of 2025, supported by strong demand from first-time buyers and the availability of high-quality new homes [10]. - The overall sentiment in the market remains cautious, with a need for continued supportive policies to bolster consumer confidence [9].