Core Viewpoint - The recent policy changes in Beijing's real estate market have led to a stable overall transaction environment in the second-hand housing market, with an increase in inquiries and viewings, particularly in areas outside the Fifth Ring Road [1][2][3]. Group 1: Policy Changes - On August 8, Beijing's housing authorities issued a notification to further optimize housing purchase policies, allowing eligible families to buy an unlimited number of properties outside the Fifth Ring Road [2][4]. - The policy also applies to single adults, aligning them with family purchasing conditions for commodity housing [2]. Group 2: Market Response - As of August 14, the number of second-hand homes listed in Beijing reached 161,850, an increase of approximately 1,350 from the day the new policy was announced [2]. - There has been a noticeable rise in inquiries and viewings for properties outside the Fifth Ring Road, indicating a potential increase in transaction volumes in the coming weeks [2][3]. Group 3: Transaction Trends - Data shows that the number of second-hand residential contracts signed in Beijing for August reached 5,574, a year-on-year decrease of 3.78%, but an increase of 11.55% compared to the first 14 days of July [4]. - The new policy is expected to accelerate the absorption of properties outside the Fifth Ring Road, which has been a slower-moving segment of the market [3][5]. Group 4: Market Dynamics - The majority of new residential sales in Beijing from January to July were concentrated outside the Fifth Ring Road, accounting for over 80% of new builds and more than 50% of second-hand transactions [4]. - The policy change is anticipated to release pent-up demand, particularly for families looking to upgrade their housing situation by allowing them to purchase properties in the core areas without needing to sell their existing homes first [3][5].

Core Viewpoint - The recent policy changes in Beijing's real estate market have led to a stable overall transaction environment in the second-hand housing market, with an increase in inquiries and viewings, particularly in areas outside the Fifth Ring Road [1][2][3]. Group 1: Policy Changes - On August 8, the Beijing Municipal Housing and Urban-Rural Development Commission and the Beijing Housing Provident Fund Management Center issued a notice to further optimize housing purchase policies, allowing families meeting certain criteria to buy unlimited properties outside the Fifth Ring Road [2][4]. - The new policy also allows single adults to purchase properties under the same conditions as families, and increases support for housing provident fund loans [2][5]. Group 2: Market Response - As of August 14, the number of second-hand homes listed in Beijing reached 161,850, an increase of approximately 1,350 from the day the new policy was announced [2]. - There has been a noticeable increase in inquiries and viewings for new homes outside the Fifth Ring Road, indicating a potential uptick in transactions in the coming weeks [2][3]. Group 3: Transaction Trends - Data shows that the number of second-hand residential contracts signed in Beijing for August reached 5,574, a year-on-year decrease of 3.78%, but an increase of 11.55% compared to the first 14 days of July [4]. - The new policy is expected to accelerate the absorption of properties outside the Fifth Ring Road, which has been a slower-moving segment of the market [3][5]. Group 4: Market Composition - Over 80% of new residential sales in the first seven months of this year occurred outside the Fifth Ring Road, with over 50% of second-hand home transactions also in that area [4]. - The policy change is anticipated to release pent-up demand, particularly for families looking to upgrade their housing situation by allowing them to purchase properties in the core areas without needing to sell their existing homes first [3][4].

Group 1 - The core viewpoint of the article highlights that the Beijing real estate market remains stable following the new policy announcement, with an increase in inquiries and viewings for properties outside the Fifth Ring Road [1][2] - The new policy allows eligible families to purchase an unlimited number of properties outside the Fifth Ring Road, which is expected to stimulate demand and accelerate the absorption of inventory in that area [1][3] - Data from the Beijing Municipal Commission of Housing and Urban-Rural Development indicates that the number of second-hand residential contracts signed in August reached 5,574, a year-on-year decrease of 3.78%, but an increase of 11.55% compared to the first 14 days of July [2] Group 2 - The analysis from the China Index Academy suggests that the new policy is likely to release pent-up demand, particularly for families looking to upgrade their housing by allowing them to purchase properties in the inner city without selling their outer city properties first [3] - The policy is seen as beneficial for families looking to invest in retirement or vacation homes, as well as for those needing to diversify their real estate assets [3] - The overall market dynamics indicate that properties outside the Fifth Ring Road have become the main area for new home transactions, with over 80% of new residential sales occurring in that region from January to July [3]

Core Points - The article highlights a rental scam in Hangzhou where individuals are lured by attractive listings and low prices, only to be charged a non-refundable "viewing fee" [2][12] - Victims, including a young renter named Xiao Tian, report being misled by agents who require upfront payments without delivering the promised properties [3][4] - The article emphasizes the need for caution among renters, urging them to use professional rental platforms and verified agencies to avoid scams [11][12] Summary by Sections Scam Description - Some landlords and agents are using online platforms to post appealing images and low rental prices to attract potential tenants, charging them a "viewing fee" that is non-refundable regardless of the rental outcome [2][12] - Xiao Tian experienced a scam where she was asked to pay a 600 yuan "pre-rent" fee under the pretense that it would be deducted from future rent, but the promised property was never shown [3][4] Victim Experiences - Victims have reported similar experiences, often meeting at subway stations and being asked for upfront payments before viewing properties [5][8] - One victim noted that after paying, they discovered the property did not match the advertised details, leading to a request for a refund that was ignored [4] Company Background - The company involved, Hangzhou Huasheng Yiju Real Estate Agency, was registered in August 2023 and has been linked to multiple legal disputes, primarily concerning contract disputes and deposit issues [8][10] - The company has been identified as a defendant in 12 legal cases and was recently listed as an entity subject to enforcement by the court [10] Official Warnings - The Hangzhou government has issued warnings about the prevalence of scams in the rental market, advising renters to be vigilant and to utilize reputable rental platforms and agencies [11][12] - The article concludes with a reminder for renters to avoid making payments before verifying properties and understanding contract terms [12]

Core Viewpoint - The article highlights a rental scam in Hangzhou where individuals posing as landlords or agents lure potential tenants with attractive listings and low prices, only to charge non-refundable viewing fees without providing the promised properties [1][20][22]. Group 1: Scam Description - The scam involves individuals or intermediaries advertising appealing rental properties online, often at prices significantly lower than the market rate, to attract potential renters [1][22]. - Victims are often required to pay a "viewing fee" or "prepaid rent" upfront, which is claimed to be refundable if no suitable property is found, but in reality, it is not [5][22]. - Many victims report meeting these scammers at public locations, such as subway stations, rather than at the actual rental properties [10][14]. Group 2: Victim Experiences - A victim, referred to as Xiao Tian, experienced the scam firsthand, paying 600 yuan as a viewing fee only to find that the property shown was not as advertised [3][8]. - Other victims have shared similar experiences, with some losing amounts ranging from hundreds to thousands of yuan, indicating that the scam targets a wide demographic, including educated individuals [24][22]. - Victims have reported difficulties in recovering their funds, with many cases going unreported or unresolved due to the scammers' evasive tactics [16][20]. Group 3: Company Information - The company involved in the scam, Hangzhou Huasheng Yiju Real Estate Agency, was registered in August 2023 and has been linked to multiple legal disputes, primarily concerning intermediary contract disputes [16][18]. - The company has been flagged for various risks, including being listed as a defendant in multiple lawsuits and having a history of operational irregularities [17][18]. - Despite its recent establishment, the company has already been involved in at least 12 judicial cases, indicating a pattern of fraudulent activity [18].

Core Insights - The article discusses the emergence of a new group of real estate agents in Shanghai's suburban second-hand housing market, known as "Wu Qian Ge," who charge a significantly lower service fee of 5,000 yuan compared to the traditional 2%-3% commission rates [1][4]. Group 1: Business Model - "Wu Qian Ge" operates on a low-commission model, emphasizing that their success is not solely based on low fees but on building trust and providing quick, reliable information about properties [4][6]. - The group utilizes video content to engage potential buyers, showcasing properties and negotiating prices in a transparent manner, which helps in reducing communication costs and increasing visibility [7][9]. Group 2: Market Dynamics - The second-hand housing market in Shanghai remains robust, with high transaction volumes, as evidenced by 16,900 units sold even during the traditionally slow month of July [4]. - Despite the competitive landscape with new entrants like "San Qian Ge," the focus remains on the quality of service and professional expertise rather than just low fees, as buyers are often looking for reliable agents for significant transactions [9]. Group 3: Customer Relationships - The "Wu Qian Ge" model relies heavily on building long-term relationships with clients, where satisfied customers often return for future transactions or refer friends, creating a cycle of trust and repeat business [7][8]. - The importance of selecting trustworthy partners in the real estate business is highlighted, emphasizing the need for agents to understand client needs and maintain good interpersonal relationships [8].

深圳指数亦连跌5个月，最新一个月深圳指数报94.45，环比跌1.13%。深圳7月份二手成交微升3%，但 一手欠缺焦点新盘，成交量环比跌24%，二手成交量则微升3%。 香港方面，不论以人民币或港币计价的7月份香港指数皆录得逾1%的升幅。 陈永杰指，7月份香港受多项利好消息带动，如港股高开、按息低位徘徊、租金创新高、贸易战缓和 等，令入市气氛回暖，一二手成交增多。8月份仍是租赁旺季，租金具条件再创新高，料买楼收租个案 将持续增加，楼价有望见底回升。 智通财经APP获悉，2025年7月中原大湾区指数报92.66点，结束了指数6连跌，环比微升0.05%，但指数 仍低于93点，属7年半以来的第二低。四大中心城市指数：广州、深圳及澳门续跌，在香港指数升逾1% 的带动下，令中原大湾区指数于7月份录得升幅。 总体看，7月份中原大湾区12个指数中，仍是录得跌幅的城市多于录得升幅的，8个报跌，跌幅由0.79% 至1.85%不等，升幅的城市4个，上升幅度由0.05%至8.65%。 中原地产亚太区副主席兼住宅部总裁陈永杰表示，7月份大湾区城市缺乏重磅好消息，加上暑假的影响 下，属传统的淡季，看楼量及成交量皆见下跌。四大中心城市的广州 ...

Core Viewpoint - The article discusses the recent decision by real estate platforms in Shanghai, including Lianjia and Beike, to remove historical transaction prices for second-hand homes, requiring buyers to inquire directly with agents for specific pricing information [1][6]. Group 1: Market Trends - In July, the Shanghai second-hand housing market saw stable transaction volumes, with 18,515 units sold, and the viewing volume remained unchanged [5]. - The market is characterized by a significant demand from first-time buyers and young families, particularly for properties priced below 3 million yuan, indicating a sensitivity to total price [5]. - The trend of diverse improvement customer groups is emerging, but it has not yet formed a substantial scale effect due to the ongoing popularity of high-end new projects in the new housing market [5]. Group 2: Data Accessibility - As of August 14, platforms like Lianjia and Beike in Shanghai have removed access to historical transaction prices, while Shanghai Zhongyuan Real Estate still allows users to view historical transaction data, including price, area, and transaction date [1][3]. - Other cities such as Beijing, Shenzhen, and Hangzhou have also restricted access to historical transaction prices on similar platforms, while Dalian continues to display prices prior to July 29 [7]. Group 3: Expert Opinions - Analysts suggest that the removal of historical transaction prices may influence buyer behavior differently depending on market conditions; during a rising market, it may encourage buyers to rush in, while in a declining market, it may deter them from entering [6].

Core Insights - Shanghai Lianjia has officially hidden all historical transaction prices for second-hand homes, following similar actions in 15 other cities including Wuhan, Hefei, Nanjing, and Beijing [1] Group 1: Market Changes - The current backend system allows agents to query transaction prices, but users cannot access this information on the front end [1] - In addition to transaction prices being hidden, landlords' price adjustment details are also not visible; users can only see "price change" records without specifics on increases or decreases [11] Group 2: Market Implications - The primary aim of this measure is to alleviate landlords' panic, as seeing neighbors' properties continuously drop in price can create anxiety [11] - However, the lack of transparency may increase transaction costs and exacerbate distrust between buyers and sellers [11] - Future discussions on housing prices will lack fair transaction screenshots as a basis, which is crucial for forming price consensus [11] - Buyers and sellers may have to rely on regional intermediaries for transaction information or repeatedly inquire about prices to facilitate transactions [11]

Core Viewpoint - The article discusses the recent decision to remove historical transaction prices of second-hand homes from platforms like Lianjia in Shanghai, raising concerns about transparency in the real estate market [1][6]. Group 1: Market Changes - Starting from August 14, platforms such as Lianjia and Beike have taken down historical transaction prices in the Shanghai area, requiring buyers to inquire with agents for specific prices [1]. - Despite the removal of historical prices on some platforms, Shanghai Zhongyuan Real Estate still allows users to access historical transaction data, including price, area, and transaction date [1][5]. Group 2: Market Analysis - In July, the Shanghai second-hand housing market saw stable transaction volumes, with 18,515 units sold, and the viewing volume remained unchanged [6]. - The market is characterized by a significant demand from first-time buyers and young families, particularly for properties priced below 3 million yuan, indicating a sensitivity to total price [6]. - The trend of diverse improvement customer groups is emerging but has not yet formed a substantial effect, partly due to the ongoing popularity of high-end new projects in the new housing market [6]. Group 3: Historical Context - The removal of historical transaction prices is not a nationwide policy, as cities like Beijing, Shenzhen, and Hangzhou have also opted not to display these prices, while Dalian still shows prices prior to July 29 [7]. - Historical data removal has occurred in the past during market upswings, potentially influencing buyer behavior either to rush into the market or to hesitate during downturns [6].