Core Viewpoint - The property market is expected to improve in the fourth quarter, driven by a reduction in interest rates and the release of purchasing power [1] Group 1: Market Activity - On the first weekend of October (October 4-5), there were approximately 537 viewings of 15 key housing estates, representing a week-on-week increase of about 1.7% from approximately 528 viewings [1] - The absence of large new property launches this weekend has shifted focus back to the secondary market, although the secondary viewing activity remains active and stable [1] Group 2: Future Expectations - The Chief Executive of the Residential Department at Midland Realty, Mr. Bu, anticipates a lively new property market in October due to multiple new project launches [1] - The festive activities during the Mid-Autumn Festival may have slightly hindered secondary viewing activities, but overall demand remains robust [1]

Core Viewpoint - The real estate industry in Beijing is experiencing a significant increase in transaction volume, driven by policy adjustments and market dynamics, while facing challenges related to high listing volumes and pricing pressures [3][6][8]. Group 1: Market Dynamics - The Beijing real estate market saw a notable increase in second-hand housing transactions, with September recording an average of 525 daily transactions, a 22% increase from August and a 27% increase year-on-year [3]. - In September, the total number of second-hand residential contracts reached 15,843, marking a 19.4% year-on-year increase and a 20.5% month-on-month increase [6]. - The "Golden September and Silver October" period traditionally boosts real estate sales, with both buyers and developers actively participating in the market [7]. Group 2: Policy Impact - Recent policy changes, including the relaxation of purchase restrictions outside the Fifth Ring Road, have allowed previously ineligible buyers to enter the market, thus increasing overall transaction volumes [6]. - The Beijing Municipal Housing and Urban-Rural Development Committee issued 25 new pre-sale permits in September, providing nearly 6,000 new housing units, which has stimulated market activity [6]. Group 3: Pricing and Supply Issues - Despite the increase in transaction volume, the high number of listings (14.1 million as of October 2) indicates a supply-demand imbalance, leading to continued downward pressure on prices [3][7]. - Analysts suggest that the current market conditions reflect a "price for volume" strategy, where sellers are compelled to lower prices to attract buyers, particularly in a high-supply environment [7][9]. - The introduction of new housing products with higher usable area ratios has further complicated the market, impacting the pricing dynamics of second-hand homes [8][9]. Group 4: Industry Practices - The Beijing Real Estate Brokerage Industry Association has issued guidelines to curb unethical practices among real estate agents, including false showings and price manipulation tactics [3][8]. - Reports of agents hiring individuals to create artificial demand and pressure sellers to lower prices highlight the complexities and challenges within the current market environment [8][9].

Core Viewpoint - The real estate industry in Beijing is experiencing a significant shift with new regulations aimed at curbing unethical practices among real estate agents, coinciding with a notable increase in transaction volumes during the traditional peak season of "Golden September and Silver October" [1][4]. Group 1: Regulatory Changes - The Beijing Real Estate Brokerage Industry Association issued ten initiatives to regulate real estate brokerage behavior, prohibiting false showings, price manipulation, and unethical practices that harm homeowners' rights [1]. - The new regulations aim to address the high listing volumes and supply pressures in the second-hand housing market, emphasizing the need for fair pricing and ethical conduct among agents [2][7]. Group 2: Market Performance - In September, Beijing's second-hand housing market saw a daily average transaction of 525 units, a 22% increase from August and a 27% year-on-year growth [1]. - The total number of second-hand residential contracts signed in September reached 15,843, marking a 19.4% year-on-year increase and a 20.5% month-on-month increase [4]. - The increase in transactions is attributed to policy adjustments, an uptick in new housing supply, and a market trend of "price for volume" [4][5]. Group 3: Supply and Demand Dynamics - The high listing volume in the second-hand market is creating supply-side pressure, with 14.1 million units listed as of October 2 [1]. - The introduction of new housing projects, with nearly 6,000 units approved for sale in September, is providing buyers with more options and stimulating market activity [5]. - Analysts suggest that as supply continues to rise alongside demand, the market may stabilize, but prices are likely to remain under pressure due to competitive pricing strategies among sellers [5][6]. Group 4: Future Outlook - The real estate market is expected to maintain a high level of listing activity, with a moderate recovery in transaction volumes anticipated in the fourth quarter [6]. - The ongoing trend of "price for volume" is likely to persist in the short term, influenced by the high inventory levels and market expectations [6][7].

倡议提出规范信息发布，杜绝采用"标题党"手法，不以"房价大跌""暴跌"等夸大其词的表述吸引关注， 确保发布的市场价格、解读的市场行情真实、准确、全面，数据来源真实可靠且言之有据。 北京商报讯（记者 王寅浩 李晗）近日，北京房地产中介行业协会发布《关于规范房地产经纪行为、助 力市场健康发展的倡议》（以下简称"倡议"）。倡议围绕舆论导向、业务操作、收费行为及市场竞争四 大核心领域，提出了十项具体规范要求，涉及禁止虚假带看及引诱业主低价挂牌、不得采用PUA手段损 害房主合法权益、不得做局砸盘等方式对房主施加降价压力等。 在客观全面披露市场信息方面，倡议强调不唱衰做空市场，不得发布、传播夸大房地产市场风险、制造 市场恐慌的言论，应客观理性地解读市场数据。同时，要真实反映市场信息，不得故意选取存在明显硬 伤的低价房源作为市场代表性案例，避免以偏概全、以点带面片面解读市场行情。 在规范业务操作方面，倡议书提出，禁止虚假带看及引诱业主低价挂牌。不得为满足公司KPI考核雇佣 人员制造虚假带看量，更不得为取得"热销房源"等标签引诱房主低价挂牌。 在维护消费者权益与规范收费方面，倡议重申收费明码标价以及规范佣金收取，具体包括严格 ...

Domestic News - The National Development and Reform Commission has allocated 69 billion yuan in special long-term bonds to support the consumption of old goods for new ones, completing the annual allocation of 300 billion yuan in central funds [1] - The Ministry of Finance and the Ministry of Commerce have issued a notice to support pilot projects for new consumption formats, encouraging collaboration between quality consumer resources and well-known IPs [2] - The National Financial Supervision Administration has released guidelines for the high-quality development of health insurance, focusing on enhancing sustainability and regulatory oversight [2] Economic Indicators - In the first eight months of 2025, the software industry reported a revenue of 96,409 billion yuan, a year-on-year increase of 12.6%, with total profits reaching 13,186 billion yuan, up 13.0% [3] - The manufacturing Purchasing Managers' Index (PMI) for September was recorded at 49.8%, an increase of 0.4 percentage points from the previous month, indicating continued improvement in manufacturing activity [3] Market Overview - The Shanghai Composite Index closed at 3,882.78, up 0.52%, while the Shenzhen Component Index rose by 0.35% to 13,526.51 [8] - The onshore RMB was quoted at 7.1186, appreciating by 24 points, while the offshore RMB stood at 7.1262, up by 13 points [8]

Core Viewpoint - The Beijing Real Estate Brokerage Industry Association has issued a set of 10 initiatives aimed at promoting ethical practices and transparency within the real estate market, focusing on accurate information dissemination and fair business operations. Group 1: Correct Public Opinion Guidance - Avoid negative market narratives: Members should not publish or spread exaggerated risks or create market panic, and should interpret market data objectively [2] - Reflect true market information: Members must not selectively choose low-priced properties with significant flaws as representative cases, avoiding misleading generalizations [2] - Standardize information release: The use of sensationalist headlines like "housing prices plummet" is prohibited, ensuring that market data and interpretations are accurate and reliable [2] Group 2: Standardize Business Operations - Prohibit false showings and low-price inducements: Members must not create false showing volumes to meet KPIs or entice homeowners to list properties at lower prices [3] - Ban malicious price suppression: Properties should be evaluated scientifically, and members must not use manipulative tactics to pressure homeowners into lowering prices [3] - Standardize pricing negotiations: Members must accurately reflect market prices and cannot lower quotes to disrupt market order without client authorization [3] Group 3: Standardize Charging Practices - Clear pricing: Members must strictly adhere to transparent pricing practices, publicly displaying service items, content, and fee standards [4] - Regulate commission collection: Members should not engage in improper competition through promises of rebates or commissions, and must avoid any form of improper benefit transfer [4] Group 4: Promote Fair Competition - Ban exclusive agreements: In new property agency and channel businesses, members must not leverage their position to require developers to sign exclusive agreements, ensuring fair competition [5] - Reasonable fee determination: Fees should be based on the quality and content of real estate brokerage services, and should not be determined through low-price competition [5]

Core Viewpoint - The Beijing Real Estate Brokerage Industry Association has issued a set of 10 initiatives aimed at promoting ethical practices and transparency within the real estate market, emphasizing the need to avoid sensationalism and ensure fair competition [1][2][3][4][5]. Group 1: Correct Public Opinion Guidance - Avoid negative market narratives: Members should refrain from spreading exaggerated risks or creating panic in the real estate market, and instead provide objective interpretations of market data [2]. - Accurate market representation: Members must not selectively present low-priced properties as representative cases, which could lead to misleading conclusions about market conditions [2]. - Regulate information dissemination: The use of sensationalist headlines like "housing prices plummet" is prohibited, ensuring that all market data shared is accurate, comprehensive, and sourced reliably [2]. Group 2: Standardize Business Operations - Prohibit false showings and low-price inducements: Members must not create fake property viewings to meet KPIs or entice homeowners to list properties at lower prices [3]. - Ban malicious price suppression: Properties should be evaluated scientifically, and members must not use manipulative tactics to pressure homeowners into lowering prices [3]. - Regulate property pricing negotiations: Members must accurately reflect market prices and cannot engage in lowball negotiations without client authorization [3]. Group 3: Standardize Charging Practices - Clear pricing policies: Members are required to adhere to transparent pricing practices, publicly displaying service items, content, and fee standards without hidden charges [4]. - Regulate commission practices: Members must not engage in improper competition through promises of rebates or commissions, and should avoid any form of improper benefit transfer [4]. Group 4: Promote Fair Competition - Ban exclusive agreements: In new property agency and channel operations, members should not leverage their position to enforce exclusive agreements with developers, ensuring fair market competition [5]. - Reasonable fee determination: Fees should be based on the quality and content of real estate services, and members must not resort to price-cutting strategies to gain business [5].

Core Viewpoint - The Beijing Real Estate Brokerage Industry Association has issued a set of 10 initiatives aimed at regulating real estate brokerage behavior and promoting a healthy market environment during a critical phase of market stabilization [1][2]. Group 1: Market Information Disclosure - The association emphasizes the importance of maintaining a correct public opinion and objectively disclosing market information, urging members not to spread exaggerated risks or create market panic [2]. - Members are advised to avoid using misleading low-priced properties as representative cases to prevent skewed interpretations of market conditions [3]. - The use of sensationalist headlines is discouraged, and all market data should be accurate, comprehensive, and sourced reliably [3]. Group 2: Business Operations Regulation - The initiatives prohibit false property viewings and enticing homeowners to list at lower prices, emphasizing the need for ethical practices in meeting company KPIs [4]. - Members must scientifically assess property values and refrain from using manipulative tactics that harm homeowners' rights, such as artificially low pricing or market manipulation [4]. - Accurate reflection of market prices is mandated, and any negotiations must be conducted with proper authorization from clients [4]. Group 3: Consumer Rights Protection - The association calls for clear pricing practices, requiring members to publicly display service items, content, and fee standards without hidden charges [5]. - It is prohibited to engage in unfair competition through promises of rebates or commissions to buyers, and any financial arrangements must maintain normal banking practices [5]. Group 4: Fair Competition and Market Ecology - The initiatives ban exclusive agreements in new property agency and channel businesses to ensure fair competition in the market [6]. - Reasonable fee structures should be established based on the quality of real estate brokerage services, avoiding low-price competition that disrupts normal business operations [7]. - The association encourages all members to respond positively to these initiatives, enhancing self-discipline and maintaining a stable and healthy development of the Beijing real estate market [7].

买方时代，卖方的利益更需维护。 9月30日，北京市房地产中介行业协会发布倡议书，对各会员、房地产经纪机构及其从业人员、网络自媒体，提出4大类、共10项倡议。其中包 括不唱衰做空市场、规范信息发布、禁止虚假带看及引诱业主低价挂牌、禁止恶意压价、规范房源报价议价等。 倡议书指出，当前，房地产市场正处于止跌回稳的关键阶段，房地产经纪服务、市场信息服务与房地产市场的稳定息息相关。为规范房地产经 纪行为、维护房地产市场秩序、夯实止跌回稳基础，北京房地产中介行业协会特向全市房地产经纪机构、房地产经纪从业人员及网络自媒体发 出倡议。 据悉，此前部分城市曾出现中介雇人看房，并联合向房东压价的情况。其中，"中介雇人看房砍价60万搞崩房东心态"的消息一度冲上热搜。 倡议书指出，规范房源报价议价。如实反映房源市场价格，不得故意压低报价以扰乱市场秩序，若带领客户看房及替潜在客户报意向价格需签 订相应的委托合同，不得在未取得客户授权的的情况下以客户的名义进行低价议价。 倡议书还指出，禁止排他性协议。在新房代理和渠道业务中，不得利用优势地位要求房地产开发企业签订排他性协议或变相排他协议，保障市 场公平竞争。 附：倡议书全文 各会员、房地 ...

近期，深圳新盘入市、加推密集，叠加"905新政"红利释放，直接助推新房成交量持续走高。据深圳贝 壳研究院监测，新政落地23天(9月6日至9月28日)，贝壳深圳合作门店新房认购量较新政前23天增长 35%，较8月同期增长75%。深圳贝壳研究院院长肖小平分析指出，"政策红利+优质房源"的双重吸引， 进一步放大了成交量的增长效应。 此外，贝壳"暖新驿站&主播之家"近日在深圳德佑卓乐深圳湾旗舰店正式揭牌启动，标志着深圳首批 113家门店正式启动为暖"新"服务阵地，为新就业群体提供日常关爱、参与党建活动和社区志愿活动等 服务。 随着国庆中秋长假日益临近，房企和各个平台机构也积极合作推盘，助推市场热度。 记者从贝壳获悉，贝壳深圳携手多家开发商举办"活力深圳，宜居未来"2025贝壳深圳新房节活动。今年 国庆中秋长假期间，深圳贝壳将为广大购房者提供500余套上新特价房源。购房者不仅可以享受到开发 商为贝壳客户提供的直接折扣优惠，还能叠加贝壳找房平台的专属福利。贝壳找房APP活动页面将定时 发放500元至3000元不等的成交券抽取名额。 此外，贝壳与合作开发商签订了"贝壳阳光作业服务承诺"，承诺做到不截客、不洗客、廉洁作业、阳 ...