Investment Rating - The report indicates a significant decline in the proportion of house seekers in the second-hand housing market, dropping to 61% in April 2025, the lowest level since 2024, suggesting a shift in market dynamics [2][3][6]. Core Insights - The second-hand housing market is experiencing reduced pressure on the new housing market, with the diversion pressure decreasing to 28% in April 2025, down from 32% in March [2][6][20]. - The overlap between the second-hand and new housing markets has decreased to 12%, indicating a clear segmentation of buyer demographics [10][11]. - Despite a general decline in housing demand, second-hand housing remains more favored by buyers compared to new housing, although the diversion effect has weakened in the short term [18][20]. Summary by Sections 1. Second-hand Housing Market Impact on New Housing - The proportion of house seekers in the second-hand market has significantly decreased, with a notable drop of 10 percentage points from March to April 2025 [2][3]. - The diversion pressure from the second-hand market to the new market has decreased, indicating a shift in buyer focus [6][20]. 2. Second-hand Housing Market Diversion Pressure - The diversion pressure value for April 2025 is reported at 28%, a decrease from 32% in March, marking the end of an upward trend since December 2024 [6][7]. - The annual average diversion pressure has increased from 25.8% in 2024 to 31.0% in the first four months of 2025, indicating a long-term trend of increasing diversion pressure [6][7]. 3. Overlap Between Second-hand and New Housing Markets - The overlap rate between the two markets has decreased to 12% in April 2025, down from a peak of 15% in February [10][11]. - The overlap is highest in lower-tier cities, with three to four-tier cities showing a 34% overlap, indicating more intense competition between second-hand and new housing in these areas [11]. 4. Market Response - The overall demand for housing is declining, with the second-hand housing heat index at 63.8 in April 2025, down 3.2% year-on-year [18][20]. - The second-hand housing market has maintained a lead over the new housing market in terms of buyer interest, although the gap is narrowing [18][20].

Group 1 - The core viewpoint of the articles highlights the continued growth in the second-hand housing market in Nanjing and Suzhou during April, following a strong performance in March, indicating a robust real estate market during the "golden three silver four" period [1][2] - In Nanjing, the second-hand housing transaction volume reached a new monthly high in April with 9,738 units sold, representing a 4.2% month-on-month increase, while the average transaction price decreased by 4.5% to 23,325 yuan per square meter [1] - The number of new listings in Nanjing fell by 13.4% to 7,132 units, with the average listing price dropping by 2.3% to 26,823 yuan per square meter, indicating a decline in seller expectations despite the active transaction volume [1] Group 2 - In Suzhou, the second-hand housing market also showed positive trends with a total of 7,531 units sold in April, reflecting a 4.22% month-on-month increase and a 4.79% year-on-year increase, while the average price slightly decreased by 0.17% to 24,050 yuan per square meter [2] - The new housing market in Nanjing experienced a surge in activity during the recent "May Day" holiday, with significant foot traffic and sales, indicating a strong demand for new properties [2]

置业提醒 广州日报讯 （全媒体记者龙乐乐）日前，国家税务总局12366纳税服务平台以热点问题答复形式解读了 多项可享受"住房贷款利息个税专项附加扣除"的条件，也使得"买房省税"这一话题进入了置业者的视 野。当前，通过房产置换实现居住改善的置业者越来越多，但许多人不知道的是，在操作过程中若不注 重细节，则很有可能白白浪费了这个"福利"。 如果碰到类似吴小姐这样的问题怎么办？对此，有中介业内人士表示：大多数"收回折扣"都是话术，尤 其在当前市场新房选择充分的情况下，可以确保二手房网签后再下手。"实在是碰到了类似问题，开发 商的网签时间也并非无法沟通。"该业内人士说道，关键是要搞清楚退税的细节。 置业提醒 符合条件的置换客也可申报专项附加扣除 除了个人所得税退税，12366纳税服务平台所提及的住房贷款利息个税专项附加扣除同样是不可忽视 的"省税"利器——以年收入15万元计算，每年可省约1200元。 除了已经给予公开解读的"二套转首套""商转公""贷款置换"等情况之外，符合条件的置换者也可以申请 首套住房贷款的专项附加扣除。"对于个人而言，若置换前的房产未申报过该项专项附加扣除的，且置 换后房产享受首套房贷利率，可以 ...

苏州二手房4月成交同样呈现上升态势。据永联行研究院监测数据，苏州4月二手房总签约套数7531套， 环比上涨4.22%，同比上涨4.79%；二手房活跃度持续提升，成交均价24050元/平方米，环比下滑 0.17%。 新房市场持续"小阳春"热度。刚过去的"五一"假期，江宁区"好房节"上，售楼处人潮涌动，日均到访量 最高达340组。许多家庭带着老人、孩子一起看房。7个楼盘5天卖掉126套房，销售面积1.36万平方米， 销售额突破3.78亿元，创下该区"五一"假期楼市成交新高。 "数据的背后，是购房者对楼市的信心回归。""五一"期间江宁区认购量第一的茂棠名邸营销负责人朱炎 龙告诉记者，茂棠名邸销售均价大约2.1万/平方米，总价180万—350万元，其中89平方米的三房两卫户 型卖得最好，受到年轻人青睐。该项目去年12月首开，当日去化九成，今年又连续加推3次，如今5栋楼 已去化七成。"房企应该建客户需要的好房子。例如对首次置业的刚需人群来说，外立面是否为铝板、 有没有会所和泳池、五金卫浴是不是顶奢，这些都不是最重要的。对他们来说，得房率高一点、总价低 一点、空间设计更合理一点、装修配置更完善一点，更重要。" 5月7日， ...

深圳市房地产中介协会统计的数据显示，4月深圳二手房录得量（以二手房买卖合同发起时间为口径统 计的数据，并非最终成交套数）为6597套，同比增长33.5%；全市预售新房共成交2845套，同比增长 0.7%。 楼市传统的"金三银四"刚刚过去，在一系列政策持续影响下，全国多地特别是一线城市的房地产市场延 续回暖趋势。进入5月，购房者对好房子、公积金房贷利率等新规和新政充满期待，多个政策"组合 拳"有望助力楼市延续热度。 成交量保持高位 多家机构的数据显示，今年4月北京、上海、广州、深圳等四个一线城市的商品房成交量继续保持高 位。 据北京市住建委的数据，截至4月28日北京当月新房成交近3137套，二手房成交近14066套。 据上海市房地产交易中心的数据，截至4月26日，上海当月新房成交近8737套，二手房成交再度突破两 万套大关。 广州市房地产中介协会发布的数据显示，4月（统计周期为3月26日至4月25日）广州二手住宅共网签 10312套。 分化仍是市场主旋律 除此之外，一些城市根据市场的变化，不断调整和优化相关政策。例如，中山市近日发布通知提出， 2025年5月1日至2025年6月30日，凡在中山市购买新建商品住房 ...

Group 1 - The overall property transaction volume in Hong Kong for April 2025 reached 7,229 contracts, totaling HKD 501.08 billion, marking an increase of 8.5% in volume and 9.8% in value compared to March [1] - The residential property transactions recorded 5,694 contracts and HKD 421.97 billion in April, up 6.1% in volume and 8.7% in value from March, achieving the highest levels in five months [3] - The secondary residential market saw 3,830 transactions totaling HKD 292.6 billion in April, reflecting a significant increase of 29.9% in volume and 34.0% in value compared to March, reaching a new high in 12 months [4] Group 2 - The increase in property transactions is attributed to the easing of stamp duty regulations, which has positively influenced market sentiment, leading to a 67.8% rise in overall registration volume over two months [1] - The first-hand private residential market experienced a decline in April, with 1,598 transactions and HKD 136.2 billion, down 28.1% in volume and 16.8% in value from March, indicating a slowdown in new project sales [3] - The market is expected to face challenges in May, with projections indicating a drop in registration numbers to around 5,000, a decrease of approximately 30% from April [1]

"五一"假期，记者对北京地区楼市进行走访发现，二手房带看次数、成交量出现较为明显的区域分化； 新房楼盘则普遍推出一系列优惠活动，假期特价房源较多，不少楼盘在特价房源基础上还进行了打折促 销活动，成交量也出现了较为明显的分化。 新房楼盘推出优惠活动 "昌平、大兴、朝阳等区域成交量较好，其他区域成交较为平淡。各大楼盘大多推出了假期优惠活动， 顺义一些楼盘在推出特价房的基础上又推出了打折活动，部分可以打8折。"走访过程中，北京链家资深 新房销售人士对记者说："楼盘促销力度大，叠加假期时间充裕，看房的人比平时要多一些。" 有新房销售人员告诉记者，"五一"假期是重要的蓄客时点，即便当时没有成交，带看量对于之后一段时 间的成交也将起到至关重要的作用。 二手房方面，记者走访了解到，目前，北京地区二手房挂牌量重新突破16万套。记者在链家系统看到， 北京地区二手房挂牌量达到160600套，相比年初增加了1.5万套。 从机构披露的数据看，"五一"假期前四天（5月1日至5月4日），北京地区二手房网签量为81套，环比下 降95.56%，同比上涨近100%；新房网签量为242套，同比、环比出现双降，但整体仍处于高位。 在此之前，北京地 ...

Group 1 - New housing prices increased by 0.5% month-on-month, while second-hand housing prices rose by 1%, ranking first in the country [1] - New commodity housing transactions reached 7,049 units, a month-on-month growth of 184%; second-hand housing transactions totaled 12,413 units, with a month-on-month increase of 108% and a year-on-year growth of 45%, marking the highest transaction volume in nearly 8 years [1][3] - Recent policy adjustments in Hangzhou aim to reduce transaction taxes, lowering the deed tax from 3% to 1% for multiple home purchases, effectively reducing the tax burden for buyers [3] Group 2 - The acceleration of policy relaxation in Hangzhou is attributed to a decline in market heat observed in April, with reports of reduced property viewings and lower transaction expectations [6] - A recent meeting led by the Premier emphasized the need for more proactive macro policies to stimulate demand, indicating potential for further supportive measures in the real estate market [8] - The changing logic of home buying is influenced by broader economic signals and income expectations, suggesting that market sentiment may remain cautious despite policy support [10]

Group 1 - The Beijing second-hand housing market remains active during the "golden three silver four" period, with a total of 32,662 units signed online from March to April 2025, representing a month-on-month increase of 26.52% and a year-on-year increase of 18.19% [1] - Two significant characteristics of the market are the shortened transaction cycle for quality properties and the rising demand from suburban areas [1]

Market Overview - In March, the second-hand housing market in Hangzhou experienced a surge, but by April, the market cooled down significantly, with transactions dropping from 11,200 units in March to 6,857 units in April [1][2] - The decline in market activity is reflected in both viewing and transaction volumes, with some agents reporting zero viewings on weekends in April [1][2] Buyer and Seller Sentiment - Homeowners' expectations fluctuated, with some initially anticipating price increases in March, but returning to a more rational mindset by April [2] - Many sellers, like Ms. Zhou from Xiaoshan, are now willing to accept lower offers to avoid losses, indicating a shift in seller psychology [2] New Housing Market Dynamics - The new housing market is witnessing a different trend, with several limited-price projects attracting significant interest, such as the Chaoyuyingyue project, which had a 13.89% lottery success rate [3][4] - The demand for limited-price properties is increasing, driven by buyer perceptions of rising prices in surrounding areas due to the "land king" effect [5] Land Auction Trends - Since the resumption of high-price land auctions, 28 districts have set new land price records, with significant increases noted in April [6] - In the first quarter, Hangzhou's land sales reached a total area of over 2 million square meters, with a transaction amount of 59.51 billion yuan, marking a year-on-year increase of 149% [6]