二、各线城市商品住宅销售价格同比降幅总体继续收窄 8月份，一线城市新建商品住宅销售价格同比下降0.9%，降幅比上月收窄0.2个百分点。其中，上海上涨 5.9%，北京、广州和深圳分别下降3.5%、4.3%和1.7%。二、三线城市新建商品住宅销售价格同比分别 下降2.4%和3.7%，降幅分别收窄0.4个和0.5个百分点。 8月份，一线城市二手住宅销售价格同比下降3.5%，降幅比上月扩大0.1个百分点。其中，北京、上海、 广州和深圳分别下降3.1%、2.6%、6.2%和1.9%。二、三线城市二手住宅销售价格同比分别下降5.2%和 6.0%，降幅均收窄0.4个百分点。 表1: 2025年8月70个大中城市新建商品住宅销售价格指数 2025年8月份，70个大中城市中，各线城市商品住宅销售价格环比下降，同比降幅总体继续收窄。 一、各线城市商品住宅销售价格环比下降 8月份，一线城市新建商品住宅销售价格环比下降0.1%，降幅比上月收窄0.1个百分点。其中，上海上涨 0.4%，北京、广州和深圳分别下降0.4%、0.2%和0.4%。二线城市新建商品住宅销售价格环比下降 0.3%，降幅收窄0.1个百分点。三线城市新建商品住宅销售价 ...

Core Viewpoint - The article explores the common beliefs regarding certain floors in residential buildings, particularly the superstitions surrounding floors like 4, 8, 14, and 18, and provides data-driven insights into which floors are advisable to avoid based on objective issues rather than myths [1][12]. Group 1: Floors to Avoid - The first category to be cautious about is the ground floor (1-2 floors), which has a lower satisfaction rate among residents due to issues like humidity, pest problems, and security risks. Ground floor residents report an average satisfaction rate 18.7% lower than other floors [3][4]. - The second category is the top floor, which faces challenges such as temperature extremes, leakage risks, and noise disturbances from equipment. Top floor residents experience an average temperature difference of 3-5°C higher in summer and 2-4°C lower in winter compared to middle floors [5][6]. - The third category includes elevator boundary floors, which often face inconveniences like longer waiting times for elevators and difficulties for visitors and delivery personnel due to elevator zoning. Residents on these floors experience a 40% longer average waiting time for elevators [7][8]. Group 2: Ideal Floor Choices - Floors 3-7 (excluding the 4th floor) and middle floors (between 1/3 and 2/3 of total floors) are generally preferred by buyers. These floors avoid the issues of ground floors and are not too high, providing a balance of light, ventilation, and safety [8][10]. - Middle floors, particularly in a 30-story building, offer minimal temperature fluctuations and lower noise levels, making them ideal for living conditions. The average temperature difference for middle floors is about 40% smaller than for top floors and 25% smaller than for ground floors [8][10]. Group 3: Additional Considerations - Factors such as building orientation, age, and quality significantly impact living experiences. South-north oriented buildings provide 35% more natural light compared to single-direction buildings, and newer constructions generally have better insulation and soundproofing [10][11]. - Economic considerations also play a role in floor selection. Budget-conscious buyers may find lower prices on traditionally "unlucky" floors, while those with higher budgets can opt for the best combinations of floor and orientation for long-term comfort and value [11][12].

Core Viewpoint - The article discusses the evolution of residential housing in China, highlighting the emergence of the fourth generation of residential properties, which integrates green ecology, smart technology, and human-centered design, particularly in Chongqing, a leading city in this development [1][11][15]. Group 1: Evolution of Residential Housing - The history of residential housing in China reflects urbanization and lifestyle changes, with each generation responding to the needs of the times and technological advancements [1]. - The first generation (pre-1990s) consisted of simple welfare housing with basic functions and small sizes, primarily meeting basic living needs [1]. - The second generation (1992-2008) introduced the concept of residential communities with improved amenities, although still focused on practicality, with average sizes not exceeding 90 square meters [3]. - The third generation (post-2009) emphasized human-centered design and green ecological housing, with elevator buildings becoming mainstream [5]. - The fourth generation features "urban forest garden residences" and "vertical ecological residences," focusing on the integration of nature and advanced living standards, including features like sky gardens and vertical greening [7][9]. Group 2: Characteristics of Fourth Generation Housing - Fourth generation housing breaks traditional design concepts by deeply integrating green ecology, smart technology, and human-centered spaces [9]. - Key features include independent sky gardens or shared green platforms, with greenery covering up to 40% of the unit area [9]. - Smart home technologies enhance convenience and security, while flexible space designs improve living experiences [9]. - High usable area rates are achieved through policy support, with some projects reporting usable rates of approximately 130% to over 140% [9]. Group 3: Chongqing as a Leader - Chongqing is the first city in China to systematically promote fourth generation housing, with significant policy support and market response [11]. - In 2023, Chongqing introduced guidelines that encourage innovative designs by not counting sky gardens towards the floor area ratio [11][12]. - By March 2025, over 20 fourth generation housing projects are completed or under construction in Chongqing, with expectations to exceed 80 projects in the next two years [13]. Group 4: Impact on Housing Market and Employment - The rise of fourth generation housing enhances residential quality and transforms living standards, allowing urban residents to enjoy nature within high-rise buildings [15]. - High-quality housing supply stabilizes market prices and boosts consumer confidence, catering to the demand for improved living conditions [15]. - The competitiveness of traditional second-hand housing declines due to the advantages of fourth generation properties, leading to potential price restructuring in the market [15]. - Developers are innovating to differentiate their products, which requires civil engineers and construction teams to adopt new technologies and sustainable practices [16]. Group 5: Broader Implications - The emergence of fourth generation housing reflects the aspirations of urban residents for a better quality of life, contributing to economic stability and consumption growth [15]. - This trend serves as a model for the transformation and upgrading of the Chinese real estate market, demonstrating that urban living can harmonize with nature [15].

Core Insights - The completion of private residential units in Hong Kong has rebounded this year, with approximately 11,758 units completed in the first seven months, representing a significant increase of about 3,055 units or 35.1% compared to the same period last year [1][2] Group 1: Completion Data - In July 2025, around 1,695 private residential units were completed, reflecting a month-on-month decrease of approximately 35.7% [1] - The New Territories showed the best performance in July, with 1,388 units completed, a substantial increase of about 66.8% from June, marking the highest monthly completion since December 2024 [1] - The Kowloon district saw 299 units completed in July, a significant month-on-month decline of about 43.5%, but the total for the first seven months reached 7,557 units, an increase of approximately 1.8 times year-on-year [1] - The Hong Kong Island district had the lowest completion in July, with only 8 units, a drastic month-on-month drop of about 99.4%, yet the total for the first seven months was 1,859 units, a year-on-year increase of approximately 3.6 times [1] Group 2: Unit Size Distribution - Among the completed units this year, those with a usable area of approximately 431 square feet or less accounted for 6,297 units, representing about 53.6% of the total completions, an increase of approximately 28.5% year-on-year [1] - The completion of medium-sized private residential units, with a usable area between 431 to 752 square feet, reached 3,957 units, making up about 33.7% of the total, with a significant year-on-year increase of approximately 43.1% [2]

Core Viewpoint - The residential property located in the Xizhimen business district within Beijing's second ring road is being offered for transfer at a base price of 5.8028 million yuan, highlighting its strategic location and quality living environment [1]. Group 1: Property Information - The property is a residential unit with a building area of 60 square meters, featuring a two-bedroom layout with one kitchen and one bathroom [4]. - It is situated on the 4th floor of a 6-story building, considered a "golden floor" due to its optimal height for light and ventilation [5]. - The building is constructed with a reinforced concrete structure, ensuring durability and reliability [6]. Group 2: Community and Surroundings - The community, established between 1995 and 1998, is recognized as a mature residential area with a low density (a floor area ratio of 1.2) and a high greening rate of 31% [3]. - The surrounding area boasts comprehensive commercial facilities, including major shopping centers and supermarkets, catering to daily shopping needs [8]. - There is an abundance of medical resources nearby, with several top-tier hospitals within close proximity, enhancing the living convenience for residents [8]. Group 3: Investment Advantages - The project's location in the Xizhimen business district offers significant advantages, being close to central government agencies and major business areas like Financial Street and Zhongguancun Technology Park, which enhances commuting efficiency [9]. - The mature and well-rounded living facilities in the vicinity, including medical, commercial, and recreational options, greatly improve the quality of life, making it suitable for both personal residence and rental investment [10]. Group 4: Community Atmosphere - The community is characterized by a high-quality resident demographic, primarily consisting of management personnel from large state-owned enterprises, fostering a harmonious and supportive neighborhood culture [11]. - Regular community activities organized by the residents' committee enhance social cohesion and a sense of belonging among residents [12].

Core Insights - The real estate market in 2025 shows a significant shift towards cautious and rational decision-making among homebuyers, with over 78% of potential buyers conducting at least three months of market research before making a purchase [1] - The importance of selecting quality housing is emphasized, as it directly impacts living comfort and future asset appreciation, with scientifically chosen properties showing a 15.3% higher value retention compared to ordinary properties [1] Group 1: Key Buying Principles - Four core principles for home buying include favoring south-facing units, choosing corner units, considering the third floor, and avoiding specific problematic floors [2][4] - South-facing homes are preferred for their sunlight exposure, which can save approximately 15% in heating energy costs during winter, and residents in these homes have a 12.3% lower incidence of respiratory diseases [2] - Corner units offer better lighting, reduced noise interference, and greater renovation potential, with their window area averaging 20% larger than middle units [4] Group 2: Floor Selection - The third floor is ideal as it avoids the moisture and security issues of the first floor while not being overly reliant on elevators, which can fail for an average of 76 hours annually [6] - First-floor units face significant risks, including a 65% higher rate of burglary incidents and three times more frequent water leakage issues compared to other floors [6][8] - High-rise units, particularly top floors, face challenges such as increased leakage risk and higher summer temperatures, leading to a 20% increase in air conditioning costs [8] Group 3: Location and Environmental Factors - Proximity to main roads can lead to noise pollution, with levels reaching 65-75 decibels within 30 meters, significantly impacting residents' health and sleep quality [9] - Units near garbage stations face hygiene issues and a 40% higher rate of market stagnation, with a 5% greater depreciation compared to other units in the same complex [10] - The location within a community affects property value, with central units priced 5-10% higher due to lower noise and better safety [10] Group 4: Property Quality and Developer Reputation - The quality of the building and the reputation of the developer are crucial, with large state-owned and listed companies having a 40% lower incidence of quality issues compared to smaller developers [13] - Properties with good ventilation and layout are preferred, with over 90% of buyers favoring south-north through units, which can reduce air conditioning usage by 30% [12] - The presence of quality property management can significantly enhance resident satisfaction, with moderate fees often correlating with better service [12] Group 5: Investment Considerations - Home buying is framed as a long-term investment that should not be swayed by short-term price fluctuations, with scientifically selected properties showing resilience even during market adjustments [14] - The principles of selecting properties based on orientation, floor level, layout, location, and developer reputation are derived from extensive data analysis and real-world case studies [14]

Core Insights - The average price of newly built residential properties in Bosnia and Herzegovina reached 3147 marks per square meter in Q2 of this year, marking a 7.3% increase compared to the projected average price for the entire year of 2024 and a 10.4% increase year-over-year [1][1][1] Group 1: Market Performance - The volume of new home sales decreased by 8% compared to the same period last year and shrank by 19.6% compared to the average sales volume for the entire previous year [1][1][1] - The total area of sold new homes saw a year-over-year reduction of 11.7%, with a decline of 22.3% compared to the average sales area from the previous year [1][1][1] Group 2: Construction Activity - In the first half of this year, a total of 1273 residential units were completed in Bosnia and Herzegovina, reflecting an 8.8% increase year-over-year [1][1][1] - As of the end of Q2, the inventory of unfinished residential units stood at 6894, which represents a 19.4% increase compared to the same period last year [1][1][1]

Core Viewpoint - The recent planning modification for the Luoxi residential area indicates an expansion of residential land, but lacks commercial and public facilities, which may impact the area's attractiveness and property values [1][3]. Group 1: Property Market Trends - The Luoxi residential area, once the largest rural housing redevelopment zone in the province, is experiencing a continued decline in second-hand housing prices, with recent transactions showing prices as low as 6,800 yuan per square meter [3][7]. - In March 2023, a 138 square meter property sold for approximately 6,500 yuan per square meter, indicating a significant drop from peak prices of around 15,000 yuan per square meter in 2021 [7][8]. - The average transaction prices for second-hand properties in the area have halved over the past two years, with current prices comparable to those in less central districts [8][10]. Group 2: Residential Area Characteristics - The Luoxi residential area is characterized by high-density housing with limited commercial amenities, leading to a perception of it being a "sleeping city" with little appeal for potential buyers [29][31]. - The area has a lack of public spaces and recreational facilities, which diminishes its livability and attractiveness compared to other urban developments [31][38]. - The existing commercial facilities are minimal and primarily serve basic needs, failing to create a vibrant community atmosphere [15][17]. Group 3: Future Development Considerations - To improve the situation, there is a need for better public spaces and community facilities, such as parks, sports venues, and libraries, to enhance the living experience in the Luoxi residential area [38][40]. - The integration of ecological resources and improved connectivity to surrounding areas could help attract more residents and increase property values [42][44]. - However, current economic conditions and fiscal pressures may hinder the implementation of these necessary developments, potentially leading to further declines in property prices [46].

Core Insights - The report from the China Index Academy indicates that from January to July 2025, 24 out of 30 representative cities saw an increase in the proportion of transactions for residential properties over 120 square meters, highlighting the importance of improvement demand in the new housing market [1] Summary by Category Transaction Structure in Shanghai - In Shanghai, from January to July 2025, the transaction volume for properties under 90 square meters was 2,710 units, accounting for 9.6%, a decrease of 2.2 percentage points compared to the same period in 2024 [2] - Properties between 90 and 200 square meters saw approximately 24,000 units sold, making up 85.0% of transactions, an increase of 3.4 percentage points year-on-year [2] - For properties over 200 square meters, 1,544 units were sold, representing 5.4%, a decline of 1.1 percentage points from 2024 [2] - In terms of total price structure, properties priced below 5 million accounted for 29.1% of transactions, down 5.1 percentage points from 2024 [2] - The segment priced between 5 million and 10 million saw an increase to 42.0% of transactions, while properties above 10 million accounted for 28.9%, up 4.4 percentage points [2] Transaction Structure in Chengdu - In Chengdu, from January to July 2025, transactions for properties under 90 square meters exceeded 5,411 units, with a slight increase to 9.2% [6] - The 90-200 square meter segment accounted for over 50,000 units sold, maintaining a stable share of 85.2% compared to 2024 [6] - For properties over 200 square meters, the share decreased to 5.7% [6] - In terms of total price structure, properties priced below 2.5 million accounted for 60.8%, down 1.9 percentage points from 2024 [6] - The segment priced between 2.5 million and 5 million increased to 30.8%, while properties above 5 million accounted for 8.4%, a slight decrease of 0.3 percentage points [6] Transaction Structure in Foshan - In Foshan, from January to July 2025, transactions for properties under 90 square meters totaled 3,269 units, with a share of 17.6%, down 5.1 percentage points from 2024 [11] - The 90-200 square meter segment saw over 14,000 units sold, accounting for 77.3%, an increase of 3.2 percentage points [11] - For properties over 200 square meters, the share increased to 5.1% [11] - In terms of total price structure, properties priced below 2 million accounted for 70.2%, an increase of 5.3 percentage points from 2024 [11] - The segment priced between 2 million and 3 million saw a decrease to 16.7%, while properties above 3 million accounted for 13.0%, down from previous levels [11]

Core Viewpoint - Many individuals are now preferring large flat apartments over villas due to practical reasons related to costs and lifestyle [1] Group 1: Cost Considerations - The significant difference in renovation costs between villas and large flats is a major factor, with many able to afford villas but unable to cover the renovation expenses [3][7] - The total price of large flats in good locations is often comparable to that of villas, making the initial purchase less of a deciding factor [5] - Ongoing living costs for villas, including higher property management fees and utility expenses, are considerably greater than those for large flats [11][14][16] Group 2: Maintenance and Upkeep - The maintenance costs associated with villas, such as garden upkeep and potential issues like mold or leaks, can be substantial [20][22][23] - Large flat owners do not face the same level of maintenance concerns, leading to lower ongoing costs and less hassle [25] Group 3: Lifestyle and Accessibility - Younger individuals often find villas to be isolated, impacting their daily lives, including longer commutes and less convenient access to services [27][31][33] - Living in a centrally located large flat offers better accessibility for social activities and daily errands, making it a more attractive option [35] Group 4: Resale Value and Marketability - Villas are perceived as more challenging to sell due to high renovation and living costs, which can deter potential buyers [37][39] - Large flats tend to have a more favorable resale market, making them a more practical choice for many buyers [41]