Group 1 - In January 2026, the average price of new residential properties in 100 Chinese cities was 17,114 RMB per square meter, with a month-on-month increase of 0.18% and a year-on-year increase of 2.52% [1] - The average price of second-hand residential properties in the same cities was 12,905 RMB per square meter, showing a month-on-month decrease of 0.85% and a year-on-year decrease of 8.67% [1] - The real estate market showed a mixed performance, with cities like Chengdu, Shanghai, and Hangzhou seeing new high-end properties launched, contributing to a structural increase in new home prices, although overall market performance remained subdued [1] Group 2 - The China Index Academy indicated that 2026 has seen clear "stabilizing expectations" signals from policy levels, with measures such as extending housing tax rebates and structural interest rate cuts aimed at boosting market confidence [2] - The real estate policy is entering a new phase focused on "stabilizing expectations and shortening adjustment times," with a potential slowdown in sales due to the Spring Festival in February [2] - Anticipation for a gradual release of market demand in March is supported by the expected increase in promotional activities from some real estate companies before the Spring Festival [2]

央行：拓宽保障性住房再贷款使用范围 持续巩固房地产市场稳定态势 智通财经5月9日电，央行发布2025年第一季度中国货币政策执行报告，下一阶段，加快建立完善养老金 融体系，支持中国式养老事业。支持提振和扩大消费，引导金融机构从消费供给和需求两端，积极满足 各类主体多样化资金需求。拓宽保障性住房再贷款使用范围，持续巩固房地产市场稳定态势，完善房地 产金融基础性制度，助力构建房地产发展新模式。 ...