Core Viewpoint - The article discusses the decline in housing prices in first-tier cities, particularly focusing on a case in Nanjing where a homeowner sold their property at a significant loss, highlighting the broader trend of decreasing property values and the impact on homeowner confidence [1]. Group 1: Housing Market Trends - First-tier cities, traditionally seen as stable in terms of property values, are now experiencing price declines, as evidenced by a homeowner in Nanjing selling a property for 119 million after purchasing it for 180 million ten years ago [1]. - The current market conditions are described as unfavorable for sellers, with some homeowners expressing relief at being able to sell at all, fearing that prices may drop further in the coming years [1]. Group 2: Homeowner Experiences - A specific case is presented where a homeowner's total investment in a Nanjing property reached approximately 240 million, including purchase price, renovations, and interest, but the property was sold for only 119 million, indicating a substantial financial loss [1]. - Comments from other homeowners reveal a shared sentiment of financial loss, with some reporting losses of over 100 million within a year, reflecting a widespread feeling of being "cut down" in the market [7][8]. Group 3: Market Sentiment - The decline in housing prices is not just a financial issue but also a psychological one, as the drop in prices has eroded homeowner confidence, leading to concerns about the overall economic environment and consumer spending [8].

二手房市场再降温，5月，杭州十区共成交二手房7716套，环比4月的9421下滑18.1%，也不及去年的5月的8254套，同比下滑6.5%。 除了成交量下滑以外，改善退潮也是5月二手房市场的特点之一。根据杭州贝壳研究院的数据，总价400万元以上的房源，5月成交占比环比4月均有所下 滑，其中500万元-800万元的价位段成交占比下滑最多，为1.6个百分点。总价400万元以下的刚需二手房，成交占比有所提升。 | | | 2025年5月杭州二手网签量TOP20房源 | | | | --- | --- | --- | --- | --- | | 序号 | 小区名称 | 商圈名称 | 网络 (章) | 网签均价 (元/平米) | | 1 | 杭与城 | 未来科技城 | 25 | 31720 | | 2 | 绿城桃源小镇 | 闲林 | 20 | 26936 | | 3 | 杭曜置地中心一区 | 甲花 | 19 | 45890 | | 4 | 成否是汇城 | 青山湖科技城 | 18 | 10622 | | 5 | 万科良渚文化村白鹭郡南 | 良渚 | 18 | 23777 | | 6 | 竹海水韵 | 闲休 | 17 | 1 ...

Core Insights - The value of low-rise buildings with potential for elevator installation in prime locations may surpass that of new elevator-equipped buildings in suburban areas [3][12] - Key factors influencing this valuation include location, renovation potential, and holding costs [3][5] Location - "Location is king" remains a timeless principle in real estate; for instance, step-up buildings in central Beijing from the 1990s have seen compensation prices reach 80,000 yuan per square meter, while elevator-equipped buildings in the same area only increased by 3% [3] - The convenience of older step-up buildings, often located near essential amenities, significantly enhances their value compared to suburban elevator buildings [3][4] Policy Benefits - Recent regulations from the Ministry of Housing and Urban-Rural Development emphasize the installation of elevators in older communities, with subsidies covering up to 45% of installation costs [4] - The price of step-up buildings with newly installed elevators can increase by 10%-20% in first-tier cities, while elevator-equipped buildings have seen a price drop of 12% [4][10] Renovation Potential - Not all step-up buildings can benefit from policy incentives; those over 30 years old or with divided owner opinions may face challenges in elevator installation [5][10] - Buyers should prioritize step-up buildings with high renovation potential and community support for upgrades [5] Holding Costs - Elevator-equipped buildings typically have a higher shared area (25%-30%) compared to step-up buildings (10%-15%), leading to higher overall costs for buyers [6][7] - Maintenance costs for elevators can be significant, with average monthly property fees for elevator buildings at 4.2 yuan per square meter, compared to 2.3 yuan for step-up buildings [7] Market Trends - Younger generations, particularly those born in the 1990s, are increasingly open to purchasing low-rise step-up buildings if they are in desirable locations and reasonably priced [8][9] - The liquidity of step-up buildings in prime locations remains strong, with a higher proportion of cash purchases compared to elevator-equipped buildings [10] Future Outlook - The value differentiation between elevator-equipped and step-up buildings is expected to intensify over the next five years, with prime step-up buildings becoming increasingly sought after [11][12] - Buyers with limited budgets are advised to consider low-rise step-up buildings in core areas, especially those included in renovation plans, while those seeking quality may opt for newer elevator buildings, keeping in mind the higher long-term costs [12]

Core Insights - The number of suburbs in Australia with a median house price exceeding AUD 1 million has significantly increased from 273 in 2015 to 1,073 by 2025, indicating a growing trend in property values across the country [1][3]. Price Trends - In 2015, the median house price in New South Wales was AUD 550,000, while other states had median prices around AUD 400,000. By 2025, the median price for independent houses has risen to AUD 1,040,000, reflecting a 161% increase [3][6]. - Specific suburbs have seen dramatic increases in median house prices, such as Tweed Heads West, which rose from AUD 398,500 in 2015 to AUD 1,040,000 in 2025, a 161% increase [4]. Regional Analysis - Coastal areas have become increasingly valuable, with many suburbs that were previously affordable now exceeding AUD 1 million. For instance, Jacobs Well's median price increased from AUD 410,000 to AUD 1,170,250, marking a 185% rise [5]. - In Queensland, suburbs like Sunrise Beach and Noosa Heads have experienced the highest growth rates, with prices soaring from AUD 580,000 and AUD 690,000 in 2015 to AUD 2,010,000 and AUD 2,225,000 respectively by 2025 [7]. Million Dollar Club Expansion - The "Million Dollar Club" has expanded significantly, with 73 suburbs in South Australia now exceeding AUD 1 million, up from just two in 2015. Tasmania has only one suburb, Sandy Bay, that has reached this threshold [16]. - The Australian Capital Territory has also seen growth, with the number of suburbs in the Million Dollar Club increasing from two to 32 since 2015 [16]. Market Dynamics - The increase in house prices is attributed to factors such as population growth and supply shortages, particularly in previously undervalued inland areas [15]. - The most expensive suburbs are now predominantly located in New South Wales, as Melbourne's property prices have declined since the pandemic [12].

TORONTO, June 02, 2025 (GLOBE NEWSWIRE) -- Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today that it is planning to invest in two infill development projects for the construction of an estimated 120 residential rental suites on excess land in Mississauga, Ontario (the “GTA Development Projects”). Additionally, CAPREIT is underway with the conversion of certain underutilized non-residential spaces identified throughout its current apartment portfolio for the ...

Core Viewpoint - The real estate market is facing a significant downturn due to an oversupply of housing and increasing costs associated with property ownership, leading to a shift in buyer priorities from investment to livability [1][3]. Group 1: Market Conditions - There are 600 million buildings nationwide, indicating a surplus in housing supply [1]. - The likelihood of property tax expansion in the next five years will increase the cost of holding real estate, making speculative investments riskier [1]. Group 2: Changing Buyer Preferences - Young buyers are prioritizing "living well" over "investment value," with 63% of post-95 buyers considering commuting convenience as their top priority [3]. - This shift is leading to a depreciation in certain property values, particularly in three categories of homes that may become worthless in five years [3]. Group 3: Specific Property Challenges - **Suburban Properties**: - Suffer from industrial hollowing, with many planned areas lacking actual development, leading to low occupancy rates [4]. - Experience "supporting facility desertification," resulting in long commutes and poor living conditions [6]. - Face population outflow, with some areas seeing a 23% loss in registered residents, leading to a surplus of new homes and declining prices [7]. - **High-Rise Buildings**: - Are becoming "vertical slums," with significant depreciation in value due to high living costs and structural safety concerns [9][11]. - Maintenance costs are disproportionately high, making them unaffordable for average families [9]. - The cost of demolition is often prohibitive, leading to a stagnation in property value [12]. - **Seaside Properties**: - Have seen prices drop by over 50%, with low occupancy rates during off-seasons leading to maintenance issues [14]. - Owners face high annual maintenance costs, making these properties financially burdensome [16]. - Promised amenities remain unfulfilled, further diminishing property value and livability [17]. Group 4: Investment Strategies - Investors are advised to divest from low-quality assets, particularly in third and fourth-tier cities, and reinvest in prime locations to maximize rental yields [19]. - A diversified asset allocation strategy is recommended, with a suggested 40% in real estate and the remainder in long-term government bonds and gold ETFs to mitigate risks [20]. Group 5: Market Outlook - The real estate market is undergoing a "淘汰赛" (elimination competition), and reliance on outdated investment strategies is likely to result in losses [21].

七层以下的房子，不能选4楼？错了！其实要谨慎购买的是这2个楼层！ 我感到非常惊讶，追问其原因，小丽解释说，常听人说数字4带来厄运，4楼的风水也不好。听后，我立 刻反驳，并坚决告诉她，这种说法毫无根据！实际上，有这两个楼层更需要慎重选择。 首先讨论的是1楼。不论是七层以下的多层住宅，还是十几层的小高层，甚至是三十多层的高层，1楼普 遍存在的六大问题包括：采光不足、视野受限、通风较差、安全问题、隐私差和潮湿多虫。 特别需要注意的是隐私问题。住在一楼，常常需要拉上窗帘来阻挡外人的视线，否则屋内的一切都暴露 无遗，这几乎剥夺了所有的私人空间。虽然拉窗帘看似简单，但这会进一步阻挡光线。一楼本就采光不 佳，加上窗帘，屋内就变得更加昏暗，谁愿意住在这样的环境中呢？更何况，长时间没有阳光，不仅影 响心情，也会对健康造成不良影响。 通常被称为多层住宅的七层以下的房子，每一层都有其利与弊，尽管楼层不多，但对于初次购房者来 说，选楼层仍旧是一大难题！接下来，让我来逐一分析每个楼层的好坏。 当然，1楼也有它的优点，例如价格较低，适合预算有限的买家；此外，进出方便，不依赖电梯，特别 适合老年人或行动不便的人。除此之外，1楼似乎没有其他 ...

但可以看出，买房人愿意为产品溢价而买单。 按正常来说，二代与三代的产品价差，基本在15%-20%之间。 主要是得房率、外立面以及高窗墙比，带来的产品溢价。 同样今年也不例外，仍是新产品楼盘卖得最好。 从成交数据来看，全市新房成交TOP100中，将近7成都是新产品楼盘。 在全市新房成交TOP50中，占比更高，可达9成。 肉眼可见，买房人对新产品楼盘非常青睐！ 当然，个别的二三代住宅的价差，也存在着很大的价差。 河东区的雍鑫雍祥园，作为河东腹地的二代宅，高层现房均价2.2万/平米。 总价一百八九十万，就能入手一套高层84平米户型。 这几年，天津楼市的新产品正在迅速扩张。 目前，市场占比已4成，而成交占比却高达7成。 相比二代住宅，虽然新房产品楼盘的价格要贵一些。 中储城邦在售的三期现房，高层均价1.3万/平米。 这也是南仓板块价格最低的新盘。 而龙曜城，新加推的最后一栋高层，均价有1.65万/平米。 对比一看，两者的价差起码在27%左右。 从当下来看，天津有的三代住宅凭借产品优势，不仅能卖上价，也能卖出量来。 甚至还大大挤压了二代住宅的市场空间。 而与之临近的东方紫宸，小高层均价可在2.9-3万/平米。 虽然说， ...

新华财经北京5月26日电（记者高婷）近日，中指研究院最新发布4月住宅产品月报，从住宅产品结构特 征、产品动态、设计亮点等方面进行了解析。其中，住宅产品结构特征从成交套数占比变化上看，20城 120平以上产品成交占比提升。 中指研究院指数研究部总经理曹晶晶说，住宅产品结构特征从成交套数占比变化上看，今年前4月，30 个代表城市中，20个城市120平方米以上成交套数占比同比提升。其中南京、青岛、东莞、泉州、赣州 120平方米以上住宅成交套数占比提升幅度均超8个百分点。 从房企产品动态来看，曹晶晶说，4月8日，绿地集团发布"绿地好房子产品标准"，从绿色环保、健康颐 养、建造持久、科技智能四个维度展示了绿地对"好房子"建设的理解；近年来，招商蛇口从"生活者"角 度出发，从安居无忧、舒适健康、绿色低碳、智能便捷、精工匠心、美学焕新、贴心服务七个方面，构 建企业"好房子"建设的技术体系。 曹晶晶表示，房企从设计工艺、户型设计、科技智能、园林景观等方面着手，打造出各有特点的产品设 计，如重庆金茂·璞印金开项目以铝板与全景落地玻璃幕墙为基底，运用流线型曲面转角工艺，赋予建 筑东方韵味；南京招商·金陵序项目225平户型奇数层以 ...

Group 1 - The core viewpoint is that the perception of housing price decline has become widely accepted, even among the general public, indicating a significant shift in market sentiment [1] - The concept of "bottoming out" does not necessarily imply a rebound; it is essential to understand that market prices fluctuate around intrinsic value [3] - Current housing prices are heavily influenced by factors such as school district qualifications and neighborhood quality, suggesting that prices may still be overvalued [4] Group 2 - The rise in housing prices in the past was partly due to the need to create a capital pool during the RMB defense campaign, which prevented capital flight [4] - China currently possesses a complete industrial chain and remains a stable region, making a repeat of past housing price surges unlikely [6] - Future housing price increases will likely be tied to economic growth rather than speculative investments, indicating a shift in market dynamics [6] Group 3 - In cities like Shijiazhuang, current housing prices are comparable to those from 2015, but depreciation over the past decade must be considered, suggesting that the market has not yet reached its lowest point [7] - The potential for further price declines exists, particularly for older second-hand homes, which may see significant depreciation due to age and market supply-demand changes [8] - The future price of older properties, especially those over ten years old, may drop significantly, reflecting a broader trend in the market [8]