Core Insights - The real estate market in Wuhan is experiencing a surge in demand, with properties selling out quickly during lottery draws, indicating a strong recovery trend in the sector [1][7][8] - Recent statistics show a narrowing decline in new and second-hand residential prices, suggesting that government policies aimed at stabilizing the market are having a positive effect [8][12] Group 1: Sales Performance - The Wuhan Tianchen project sold 400 million yuan worth of properties in just 2 hours, with only 50 out of 480 units remaining after less than 2 months of opening [1] - The Poliyun Lake project in Wuchang saw 300 participants in a lottery for 155 units, selling 120 units within an hour and generating nearly 600 million yuan in sales [7] - The Jindi Dachengle project in Hanyang had over 500 participants for 234 units, selling out in 2 hours [7] Group 2: Market Trends - In May, new residential prices in Wuhan decreased by 4.2% year-on-year, with the decline rate narrowing by 0.8 percentage points compared to the previous month, marking the seventh consecutive month of reduced decline [8] - Second-hand residential prices fell by 7.0% year-on-year, with a narrowing decline of 0.3 percentage points, continuing a trend for ten months [8] - The land auction in May resulted in the sale of 8 residential and commercial plots, with core area plots achieving over 30% premium rates [8] Group 3: Expert Insights - Experts suggest that the real estate market is still in an adjustment phase, with developers using lottery sales to better meet diverse buyer needs [12] - There is a call for further implementation of supportive real estate policies to balance the supply of existing and new housing, aiming to stimulate both rigid and improved housing demand [12]