Core Viewpoint - Dalian is experiencing a resurgence in its real estate market, with new home prices rising significantly, paralleling the growth seen in Shanghai, indicating a potential recovery in the city's economic landscape [1][3][5]. Real Estate Market Dynamics - In April, Dalian's new home prices increased by 0.5% month-on-month, ranking first nationally alongside Shanghai, and it was the only city in Northeast China to see a price increase [3][7]. - The average new home price in Dalian exceeded 14,500 yuan per square meter throughout April, with peaks reaching 15,000 yuan in the first week [4]. - The increase in new home prices is attributed to high-end projects in the main urban area, which have significantly influenced the overall market [4][5]. - Despite the monthly price increase, Dalian's new home prices still reflect a year-on-year decline of 4.1%, indicating a recovery from a low base rather than a full market rebound [7][8]. Historical Context and Economic Development - Dalian's economic history includes a peak period from the 1980s to 1990s, where it ranked among the top ten cities in GDP, but faced stagnation in the 2000s [1][12]. - The city aims to achieve a GDP growth target of 5.5% by 2025, which would make it the first city in Northeast China to surpass the trillion yuan mark [1][12]. - The second industry, particularly petrochemicals and equipment manufacturing, has been a significant contributor to Dalian's economic growth, with a reported increase of 9% in 2023 [13]. Market Trends and Future Outlook - The real estate market has shown signs of warming, with a 12.6% year-on-year increase in sales revenue in the first quarter, despite a 2.4% decline in sales area [5][6]. - The demand for larger residential units has increased, with three-bedroom units becoming the mainstream choice, indicating a shift in consumer preferences [9]. - Dalian's real estate market is expected to continue facing challenges, but with policy support and urban redevelopment opportunities, there is potential for significant market growth [9][14].