Core Insights - The Guangzhou Yuexiu District, once considered a highly desirable area for new residential properties, is now facing increased supply and a significant drop in sales rates, indicating a shift in the real estate market dynamics [1][5] Supply and Demand - Over the past three years, at least eight new projects have been launched in Yuexiu District, with available units exceeding 1,000 [1] - As of July, the absorption period for properties in this district reached 44 months, highlighting the challenges in selling new inventory [1] Sales Performance - Data from 2023 shows that the lowest absorption rate among the new projects is below 10%, while the highest exceeds 90% [1][2] - Specific projects like "Wanke Zaoyuefu" achieved a 93% absorption rate, while others like "Yuexi Fu" and "Yunhan Fu" reported significantly lower rates of 7% and 5%, respectively [2] Market Characteristics - The "Dongshan Yunqi" project, launched in June 2023, reported a 50% absorption rate shortly after its release, attributed to its limited availability of units [2][3] - The competitive landscape in Yuexiu District is intensifying, with similar products available in neighboring districts such as Tianhe, Haizhu, and Liwan, which may further pressure sales in the fourth quarter [5] Product Appeal - New developments in Yuexiu District are attracting buyers through superior product quality and pricing, alongside advantageous locations and amenities [2][3] - The "Junxi Fu" project, located near a subway station, has introduced larger units that are appealing to local buyers due to their practical design and spacious terraces [3]