Core Insights - Shenzhen's second-hand housing market recorded a weekly transaction volume of 1,696 units in the 42nd week of 2025, marking a 39.1% increase compared to the previous week, reaching a six-month high [1][3] - New housing transactions also saw significant growth, with 883 units sold, representing a 100.7% week-on-week increase [1][3] Group 1: Market Activity - The overall trading activity in Shenzhen's real estate market is at a high level for the second half of the year, with demand being released after the National Day holiday [4] - The Longgang district experienced a notable surge in second-hand housing transactions, leading other areas, particularly the Shuanglong sub-district, which recorded 222 units sold, the highest in the region [3][4] Group 2: Future Supply - In the fourth quarter of 2025, Shenzhen plans to launch 39 new residential projects, with an expected supply of 1,601,853.70 square meters, equivalent to 12,334 units [5][6] - Compared to the third quarter, the number of new projects and the area of housing supply have significantly increased, indicating a positive outlook for the market [5][6] Group 3: Market Trends - The traditional peak sales season of "Golden September and Silver October" is contributing to the rising heat in Shenzhen's real estate market, supported by favorable new policies [6] - In September, the city recorded 5,808 second-hand housing transactions, a 10.3% increase month-on-month and a 52.4% increase year-on-year, while new housing pre-sales reached 1,832 units, up 35.5% from the previous month [6]

Core Insights - The latest data from the National Bureau of Statistics indicates a decline in second-hand housing prices across 70 major cities in September, suggesting a weak performance in the traditional peak buying season [1][2] - First-tier cities experienced a month-on-month decrease of 1% in second-hand residential prices, with specific declines in Beijing (0.9%), Shanghai (1%), Guangzhou (0.8%), and Shenzhen (1%) [1] - Year-on-year, first-tier cities saw a 3.2% drop in second-hand housing prices, while second and third-tier cities experienced declines of 5% and 5.7%, respectively [1][2] Second-hand Housing Market - The overall trend in second-hand housing prices remains downward, with a slight narrowing of the decline in year-on-year figures [1][2] - The average time for second-hand housing listings has increased to 95 days, indicating challenges in inventory turnover, especially in smaller cities [4][5] New Housing Market - In contrast, new housing prices showed some resilience, with cities like Shanghai and Hangzhou reporting month-on-month increases of 0.3% [1][2] - Year-on-year, Shanghai's new housing prices increased by 5.6%, while Hangzhou saw a 3.6% rise, highlighting a divergence in market performance [1][2] Real Estate Development Trends - From January to September, national real estate development investment totaled 6.77 trillion yuan, a year-on-year decrease of 13.9%, with residential investment down by 12.9% [2][3] - The total area under construction for real estate development fell by 9.4%, with residential construction area declining by 9.7% [2][3] Market Outlook - The upcoming fourth quarter is expected to see continued policy support for core cities, which may stabilize transaction volumes and price expectations [4] - However, non-core areas and many smaller cities will likely need to rely on price adjustments to manage inventory levels effectively [4][5]

Core Insights - The real estate market in major cities showed a mixed performance in September, with new residential prices declining month-on-month but the year-on-year decline narrowing, indicating a potential stabilization in the market [1][2] Group 1: Price Trends - In September, new residential prices in first-tier cities decreased by 0.3% month-on-month, with Beijing and Shanghai experiencing slight increases of 0.2% and 0.3% respectively, while Guangzhou and Shenzhen saw declines of 0.6% and 1.0% [1] - Second-tier cities experienced a month-on-month decline of 0.4% in new residential prices, while third-tier cities also saw a similar decline of 0.4% [1] - The second-hand residential market in first-tier cities saw a month-on-month price drop of 1.0%, consistent with the previous month, with declines in major cities like Beijing, Shanghai, Guangzhou, and Shenzhen [1] Group 2: Market Dynamics - The "Golden September" period showed relative stability in the real estate market, with steady transaction volumes in the second-hand market and ongoing structural differentiation in new housing [1][2] - Policy relaxations in August and September, such as the easing of purchase restrictions in Shenzhen and adjustments in mortgage rates in Shanghai, have stimulated demand and supported both new and second-hand housing prices [2] - The online search for second-hand homes reached a peak of 64.1% in September, indicating increased interest, while the average listing duration for second-hand homes rose to 95 days, suggesting challenges in inventory turnover, particularly in smaller cities [2] Group 3: Future Outlook - Looking ahead to the fourth quarter, continued policy easing is expected to support transaction volumes in core cities, with stable price expectations likely to strengthen market confidence [3] - The release of policy benefits and traditional seasonal effects are anticipated to drive a rebound in transaction volumes in core cities, particularly in areas where purchase restrictions have been relaxed [3]

| 可售期房统计 | | 2025 年9月预售许可 | | 2025/10/19月 | | --- | --- | --- | --- | --- | | 可售房屋套数: 102002 | | 批准预售许可证: 27 | | 网上认购 | | 可售房屋面积(M2): 8258404.7000 | | 批准预售面积(M-):863642.4000 | | 网上认购面积( | | 其中 信詞意数: | 43518 | 其中 住宅套数: | 4622 | 其中 住宅 | | 面积(M2): 5872672.7300 | | 面积(M2): 628498.6800 | | 商积( | | 商业单元: 354 | | 商业单元: | 0 | 商业 | | 面积(M2): 188852.0000 | | 面积(M-): | 0.0000 | 南駅( | | 办公单元： 490 | | 办公单元: | 0 | 办公! | | 面积(M2): 403067.1100 | | 面积(M-): | 0.0000 | 南宋( | | 车位个数: 45924 | | 车位个数: | 7889 | 车位 | | 面积(M2): 131 ...

Core Insights - The article challenges the traditional belief that "poor people buy top floors, and fools buy ground floors," suggesting that floor selection is more nuanced and depends on individual needs and circumstances [1][3][11] Group 1: Floor Selection Trends - In the second-hand housing market, middle floors (4-8 floors) accounted for 62.3% of transactions, while high floors (9 floors and above) made up 23.5%, and low floors (1-3 floors) only 14.2% [1] - The average price of middle floors is 8.5% higher than that of ground and top floors within the same community [1] Group 2: Ground Floor Insights - Ground floors have disadvantages such as humidity, pests, privacy issues, and safety risks, but these have improved in new developments due to better construction techniques and management [3][4] - 73.6% of ground floor owners reported satisfaction with their choice, particularly families with elderly members, children, or pets [3] Group 3: Top Floor Insights - Traditional drawbacks of top floors include temperature extremes and accessibility issues, but advancements in insulation and design have mitigated these concerns in new buildings [4] - 68.4% of top floor owners expressed satisfaction, especially those valuing privacy and views [4] Group 4: Personalized Decision-Making - The choice of floor is increasingly seen as a personalized decision based on family structure, building quality, and individual lifestyle preferences [5][9] - The satisfaction gap between different floor types is narrowing, indicating a shift in buyer preferences towards more individualized choices [9] Group 5: Recommendations for Buyers - Buyers should consider family needs, building age, and unique features like gardens or terraces when selecting a floor [5][7] - It is advisable to experience the property under various conditions to assess light, temperature, and noise levels [7] Group 6: Market Dynamics - The real estate market is evolving, with features like garden apartments on the ground floor and penthouses with terraces becoming increasingly desirable [9][10] - In tourist areas, top floors with views can command higher rental rates, reflecting changing market dynamics [10]

| 可售期房统计 | | 2025 年9月预售许可 | | 2025/10/16 | | --- | --- | --- | --- | --- | | 可售房屋套数: 103528 | | 批准预售许可证: | 27 | 网上认购 | | 可售房屋面积(M-): 8315900.5200 | | 批准预售面积(M-):863642.4000 | | 网上认购面积 | | 其中 住宅壹数: | 43730 | 其中 住宅套数: | 4622 | 其中 住宅 | | 面积(M2): 5891592.8900 | | 面积(M2): 628498.6800 | | 南京 | | 商业单元: 354 | | 商业单元: | 0 | 图川 | | 面积(M2): 188852.0000 | | 面积(M2): | 0.0000 | 面积 | | 办公早元: | 490 | 办公单元: | 0 | 办公 | | 面积(M2): 403067.1100 | | 面积(M-): | 0.0000 | 商积 | | 车位个数: 46618 | | 车位个数: | 7889 | 幸位 | | 面积(M2):1337628.69 ...

Core Insights - The Australian spring property market appears prosperous on the surface, but experts warn of underlying buyer caution [1][3] - Auction clearance rates in September reached 69.4% in Melbourne and 71.2% in Sydney, indicating potential price increases, yet buyer interest in high-priced properties remains low [1][3] Group 1: Market Performance - Sydney's auction clearance rate showed a slight decline due to an increase in auction listings, while Melbourne's rate improved with fewer properties auctioned [1][3] - Nearly 40% of Sydney's auction properties were sold before the auction date, the highest level since October 2021, indicating rising market heat [3] Group 2: Buyer Sentiment - Buyers are exhibiting a cautious attitude, often hesitant to bid aggressively, and are focused on value rather than overpaying [3][6] - Despite increased buyer confidence due to interest rate cuts, the market is not expected to experience explosive sales, with a more stable development anticipated [6] Group 3: High-End Market Dynamics - The high-end market in Melbourne is facing challenges, with properties often sold through expressions of interest rather than competitive auctions, indicating a lack of bidding activity [6] - Activity is more pronounced in properties priced below AUD 2 million, while the luxury segment remains subdued [6] Group 4: Policy Impact - The Australian government has expanded the "5% deposit guarantee scheme" starting in October, which is expected to further boost buyer demand already enhanced by interest rate cuts [7][9] - Lower interest rates and improved borrowing capacity are contributing to increased demand, with auction participation levels remaining high [9]

Core Insights - The second-hand housing market in Shenzhen experienced a significant rebound in the 41st week of the year, with a recorded transaction of 1,219 units, representing a month-on-month increase of 233.1% [1] - The new housing market showed fluctuations in transaction volume due to the impact of the double holiday, with a total of 440 units sold during the same week [3] - The overall market structure remained stable, with the Longgang Central City area continuing to show strong market activity [4]

Core Insights - The future of the real estate market relies on local governments effectively adjusting land use structures, with the principle of "land follows people" being emphasized [1][7] Group 1: Market Activity and Trends - The Shanghai real estate market has seen increased transaction activity due to the "Six Policies" initiative, with September transactions for new and second-hand homes totaling 207 million square meters, marking an 8% month-on-month increase and a 24% year-on-year increase [2][4] - A luxury property in Shanghai's Huangpu District sold 66 units in one hour, generating sales of 4.8 billion yuan, with an average price of 19.8 million yuan per square meter [3] - The "Six Policies" have led to a 40% increase in daily transactions for new homes in the outer ring of Shanghai compared to August, with second-hand home transactions making up 57% of the market [4] Group 2: Population Dynamics and Economic Implications - Population movement is a key factor in stabilizing housing prices, with urban centers attracting more residents while rural areas see outflows [5][7] - The service sector's contribution to GDP has reached 57%, indicating a shift in employment patterns that favor urban living close to job opportunities [5][7] Group 3: Future Market Outlook - Experts predict that the real estate market will stabilize within one to two years, with a focus on soft landing rather than hard landing scenarios [9][10] - The government is encouraged to address housing difficulties for low-income groups and new citizens, as the market transitions to a stage dominated by second-hand home transactions [10][11]

Core Insights - During the "14th Five-Year Plan" period, approximately 5 billion square meters of new residential properties were sold nationwide [1] - The existing housing market is expanding, with over 15 provinces, regions, and municipalities experiencing higher transaction volumes in second-hand housing compared to new homes [1] Policy Support - The government is increasing policy support for homebuyers, including reductions in down payment ratios and interest rates for housing provident funds and commercial bank loans [3] - Tax incentives are being provided for residents who sell old homes to buy new ones, including tax refunds, lower deed tax rates, and the cancellation of distinctions between ordinary and non-ordinary residential properties [3] - Various local governments are implementing city-specific policies, including home purchase subsidies and other incentives to reduce the cost of home buying for residents [3]