记者丨 张敏 编辑丨张伟贤 多家机构发布的数据显示，2026年以来，一线城市楼市成交保持高水平，其中二手房交易表现 亮眼。同期，杭州、南京、成都、天津等二线城市楼市也有不错的表现。 根据中原地产研究院统计，今年第三周，重点40城新房成交面积环比上升5%，中原新房来访 指数环比上升2%，来访总量环比上升11%。同期，重点15城二手房周度成交量环比上升9%。 与此同时，21世纪经济报道记者调研发现， 多个热点城市二手房议价空间收窄，部分房源甚 至需要加价购买 。 1月并非房地产传统旺季，分析人士指出，今年春节假期时间晚于往年，加之近期楼市政策利 好频出，使得2025年末以来的翘尾行情有所延长。对于全年楼市来说，这波回暖行情意义重 大。 图源：图虫 在楼市政策驱动及翘尾行情效应下，热点城市的楼市升温行情仍在延续。 分析人士指出，按照这一势头，本月上海二手房成交量有望突破2.2万套，并连续三个月保持 在2.2万套以上的规模。 北京 于去年12月24日出台房地产新政，继续降低购房门槛，并加大公积金支持住房消费力 度。北京链家研究院指出，政策调整后1个月（2025年12月24日至2026年1月25日），北京链 家交易量较 ...

Group 1 - The Shenzhen real estate market is experiencing a significant increase in transactions, with new home sales reaching 1,068 units, a week-on-week growth of 32.3%, and residential sales at 757 units, up 24.5% [1] - The second-hand housing market in Shenzhen also saw a rise, with 1,619 units sold, reflecting a week-on-week increase of 14.1%, indicating a potential year-end "tail" market trend [1] - The Le Youjia Research Center reported a 9.5% increase in second-hand residential contracts, marking the highest weekly value since April 21, driven by year-end purchasing demands [1] Group 2 - The National Bureau of Statistics released the latest 70-city second-hand housing price index, indicating a deep adjustment in the second-hand housing market [2] - The Shanghai Yiju Research Institute noted that major cities are accelerating second-hand housing transactions, suggesting a positive "price for volume" effect that could enhance market activity [2] - The "Nanshan Housing Exchange" initiative, aimed at promoting old-for-new housing transactions, has already seen over 400 homeowners register and more than 230 old properties approved for sale within the first 10 hours of its launch [2]

Core Viewpoint - The Chinese automotive market faces uncertainty as it transitions into the "post-subsidy era," with many companies expressing concerns about market volatility and competition intensifying [1][2]. Group 1: Market Conditions - By the end of 2025, the anticipated "tail effect" in the automotive market remains uncertain, with many companies unprepared for the challenges ahead, particularly those without existing orders [2]. - The withdrawal of local vehicle replacement subsidies and the adjustment of the new energy vehicle purchase tax from full exemption to a 50% reduction are significant factors affecting consumer purchasing decisions [2][3]. - The overall automotive sales in China from January to October reached 27.687 million units, reflecting a year-on-year growth of 12.4% [6]. Group 2: Competitive Landscape - The competition among automotive companies is expected to become more transparent and brutal, focusing on product strength, cost control, and user experience as the market moves away from policy-driven sales [1][6]. - Companies are increasingly adopting "bottom-line" subsidy strategies to boost year-end sales, which may raise sales costs and challenge smaller brands with limited profit margins [4][7]. - The market is predicted to experience significant differentiation, with leading companies leveraging scale advantages and brand influence to withstand price competition, while smaller brands may struggle with cash flow and product iteration [8][9]. Group 3: Future Outlook - The automotive industry is entering a phase where only a few strong brands are expected to survive, with predictions suggesting that in the future, only five dominant brands will remain in the market [11]. - As the market shifts away from reliance on policies, companies lacking core technology and cost control will find it increasingly difficult to maintain stability [10]. - The transition to a more mature and stable new energy vehicle market is anticipated, but not all companies will be able to remain competitive [8][10].

Group 1 - The Shanghai real estate market showed strong signs of recovery in November, with a total of 22,943 second-hand housing transactions, a 24% increase from October's 18,483, marking the highest transaction volume since May of this year [1] - Low-priced properties targeting first-time buyers dominated the second-hand housing market, with homes priced below 3 million yuan accounting for 60% of transactions, significantly higher than in recent years [1] - The number of listed properties in Shanghai decreased, with total listings falling to approximately 169,600, the first time below 170,000 in six months, while the average listing price continued to decline slightly [1] Group 2 - The Shanghai real estate market is in a critical adjustment phase, with ongoing supply and demand pressures expected in the short term [2] - Companies are advised to seize policy opportunities, accurately identify customer needs, and enhance core competitiveness through product innovation and service upgrades [2] - The market is anticipated to gradually form a new balance under the guidance of the "good housing" concept, moving towards healthier and more sustainable development [2]

Group 1: Market Overview - Shenzhen's real estate market is experiencing a phase of adjustment, with second-hand residential transactions totaling 922 units, reflecting a 16.41% decrease week-on-week, yet remaining above 900 units, indicating sustained market activity [1][6] - The first-hand residential market also saw a decline, with 437 units sold, down 20.4% from the previous week, but the market fundamentals remain stable [4] Group 2: Land Supply Dynamics - The land market in Shenzhen has introduced 4 new plots, including two residential plots in Nanshan and Guangming, demonstrating the government's commitment to increasing residential land supply [2] - The Nanshan plot has a starting price of 22.36 billion yuan and a building area of 41,200 square meters, while the Guangming plot has a starting price of 7.66 billion yuan and a building area of 63,600 square meters [2] Group 3: Market Sentiment and Future Outlook - Despite short-term fluctuations, multiple favorable factors are expected to support a year-end market rally, including macroeconomic benefits and concentrated demand from first-time homebuyers [7] - The overall market is anticipated to enter a new stable development cycle, with core areas like Longgang, Futian, and Nanshan continuing to attract buyers due to their robust infrastructure and resilience [7]