人民财讯10月8日电，据深圳商报，深圳9.5房地产新政"满月"，房地产市场热度明显回升。记者从市住 房建设局获悉，9月6日至10月6日，全市新建商品住宅网签数量2824套，同比增长23.48%；二手住宅网 签数量3699套，同比增长32.63%。 ...

Core Viewpoint - The real estate market is experiencing a mixed performance, with new home prices showing slight increases in some cities while second-hand home prices continue to decline, indicating ongoing market adjustments [3][10][11]. New Home Market - In September, the average price of new homes in 100 cities was 16,926 yuan per square meter, a slight increase of 0.09% month-on-month and a year-on-year increase of 2.68% [5][6]. - The third quarter saw a cumulative increase of 0.47% in new home prices, although the growth rate slowed compared to the second quarter [5]. - First-tier cities, such as Shanghai and Guangzhou, showed stronger performance with new home prices rising by 0.82% and 0.32% respectively in September [6][8]. - The increase in new home prices is attributed to the active launch of quality projects in core cities, which is expected to support new home sales [10][11]. Second-Hand Home Market - The average price of second-hand homes in September was 13,381 yuan per square meter, reflecting a month-on-month decrease of 0.74% and a year-on-year decrease of 7.38% [10][11]. - Second-hand home prices have been declining for 41 consecutive months, with a cumulative drop of 5.79% in the first three quarters of the year [10][11]. - The decline in second-hand home prices is particularly pronounced in second-tier cities, which experienced a month-on-month drop of 0.87% in September [11][13]. Market Dynamics - The real estate market is characterized by a significant disparity between first-tier and third/fourth-tier cities, with the latter struggling with inventory issues and price declines [8][10]. - Policies aimed at improving housing quality and easing purchasing restrictions in key cities are being implemented to stimulate demand and stabilize prices [15][16]. - The overall market sentiment remains cautious, with expectations of continued price adjustments in the second-hand market due to high inventory levels [15][16].

Core Insights - The real estate market in September showed a slight increase in new home prices, while second-hand home prices continued to decline, indicating a divergence in market performance between new and existing properties [1][3][7]. New Home Market - In September, the average price of new homes in 100 cities was 16,926 yuan per square meter, with a month-on-month increase of 0.09% and a year-on-year increase of 2.68% [1][3]. - The third quarter saw a cumulative increase of 0.47% in new home prices, although this was a slowdown compared to the previous quarter [3]. - First-tier cities experienced significant price increases, with Shanghai, Hangzhou, and Guangzhou leading the way in month-on-month growth [5][6]. - Core cities are expected to see a gradual increase in new home supply, which may support sales in these areas [1][6]. Second-Hand Home Market - The average price of second-hand homes in September was 13,381 yuan per square meter, reflecting a month-on-month decline of 0.74% and a year-on-year decline of 7.38% [7][10]. - Second-hand home prices have now fallen for 41 consecutive months, with a cumulative decline of 5.79% in the first three quarters of the year [7][10]. - The decline in second-hand home prices is particularly pronounced in second-tier cities, which recorded the largest month-on-month drops [10][12]. Market Dynamics - The disparity between new and second-hand home markets is evident, with new homes experiencing structural price increases while second-hand homes face ongoing adjustments [6][12]. - Policy measures are being implemented in various cities to alleviate pressure on the second-hand market, including adjustments to purchase restrictions and tax incentives [13]. - The overall sentiment in the real estate market remains cautious, with expectations of continued price adjustments in the second-hand segment [13].

今年的楼市"金九"，房价表现如何？ 10月1日，中指研究院发布数据显示，9月全国100个城市新建住宅均价为16926元/平方米，环比微涨0.09%，同比上涨2.68%；二手住宅均价为13381元/平 方米，环比下跌0.74%，同比下跌7.38%。 《每日经济新闻》记者（以下简称每经记者）注意到，截至9月，百城二手房价格已连续41个月环比下跌；三季度，百城二手房价格累计下跌2.26%，跌 幅较二季度扩大0.14个百分点；前三季度，百城二手房价格累计下跌5.79%。 具体到城市，9月，上海（+0.82%）、杭州（+0.51%）、广州（+0.32%）等城市新房价格环比涨幅位居前列；盐城（-1.87%）、徐州（-1.44%）、南通 （-1.30%）等城市二手房价格环比跌幅靠前。 "房企上半年在核心城市竞得的部分地块预计将在四季度逐步入市，新增供应增加有望对核心城市新房销售形成一定支撑，'好城市+好房子'仍具市场机 会；而二手房受挂牌量维持高位影响，短期或将延续'以价换量'行情。"中指研究院指数研究部总经理曹晶晶当日接受每经记者微信采访时指出。 房企推盘潮 拉动新房价格结构性上涨 在"金九"房企推盘潮带动下，9月百城新 ...

Core Insights - Shenzhen's real estate market has shown significant improvement following the optimization of housing policies in September 2025, with both new and second-hand housing markets experiencing increased activity [1][7][8] Group 1: New Housing Market - The new housing market has seen a surge in demand, with a notable increase in both viewing and purchasing activities. From September, the city recorded 1,778 new residential units under contract, representing a 31.1% daily increase compared to August. Additionally, 2,313 new residential units were sold, marking a 19.1% daily increase from August [7] - Specific projects have demonstrated strong sales performance, such as the Guangming District's Guanyue Mingdi, which achieved a nearly 90% sales rate on its opening day, and the New World Xiangmi Four Seasons Garden in Futian, which sold 83% of its 152 units on the first day [7] Group 2: Second-Hand Housing Market - The second-hand housing market has also shown robust activity, with a 35% increase in new home purchases compared to the 23 days prior to the new policy implementation, and a 75% increase compared to the same period last year. In September, 4,200 second-hand residential units were sold, reflecting a 41% year-on-year increase in daily transactions [8] Group 3: Market Outlook - Experts anticipate continued improvement in market activity as the traditional peak sales season of "Golden September and Silver October" progresses. The effects of the new policies are expected to sustain market recovery into the fourth quarter, providing ongoing support for the stability of the real estate market [9]

展望后市，中指研究院分析称，房企上半年在核心城市竞得的部分地块预计将在四季度逐步入市，新增 供应增加有望对核心城市新房销售形成一定支撑，"好城市+好房子"仍具机会；而近两年新项目供应偏 少的城市，则仍将以去库存为主，市场分化趋势或将延续。(完) （文章来源：中国新闻网） 二手住宅方面，9月重点城市二手房交易活跃度明显回升，但近月来二手房挂牌量保持高位，价格仍面 临下行压力。三季度，百城二手住宅均价累计下跌2.26%，前三季度百城二手住宅均价累计下跌 5.79%。 9月份，多个主要城市出台楼市新政，进一步放宽限制性购房政策，加大支持力度。例如：当月，深圳 放宽限购政策，符合条件的居民家庭在非核心区购房不限套数。上海优化房产税政策，满足条件的非上 海市户籍家庭购买二套及以上住房可享受房产税税收优惠。上海、成都、合肥等地对建筑设计规划、计 容规则等进行了规范。 中新社北京10月1日电 (记者庞无忌)中指研究院10月1日发布的数据显示，三季度，中国百城仍保持新房 价格上涨、二手房价格下跌态势。前三季度，百城新建住宅均价累计上涨1.63%。 该机构数据显示，9月份，中国100个城市新建住宅平均价格为每平方米16926元 ...

Market Overview - The Chinese real estate market has shown signs of recovery since the policy meeting on September 26, 2022, aimed at stabilizing the market, with core cities experiencing better sales performance and an increase in second-hand housing transactions [1][2][4] - However, the momentum of recovery has weakened since the second quarter, and the market remains in a phase of stabilization [1][5] - The State Council reiterated the need for strong measures to consolidate the stabilization of the real estate market in August, leading to policy optimizations in major cities like Beijing, Shanghai, and Shenzhen, which slightly improved the market in September [1][10] Sales Performance - In the first eight months of 2025, the national new housing sales area was 570 million square meters, a year-on-year decrease of 4.7%, with sales revenue at 5.5 trillion yuan, down 7.3% [4][39] - The sales of existing homes continued to outperform new homes, with existing home sales accounting for 35.4% of total sales in the first eight months, showing a year-on-year increase of 11.7% [4][7] - In key cities, the transaction volume of second-hand homes increased by approximately 9% year-on-year in the first three quarters, with notable growth in cities like Shenzhen and Shanghai [7][10] Policy Adjustments - Major cities have implemented policy adjustments to stimulate demand, including easing purchase restrictions and optimizing loan conditions [10][55] - The policies in Beijing and Shanghai have allowed for unlimited purchases outside core areas for eligible families, while Shenzhen has significantly reduced purchase restrictions in non-core areas [10][55] - The government has also focused on activating demand through various measures, including increasing housing subsidies for families with multiple children [54][57] Land Supply and Demand - In the first three quarters of 2025, the land transfer revenue in 300 cities increased by about 13% year-on-year, although the area of land sold decreased by 9% [22][36] - The average premium rate for land transactions has decreased, indicating a cautious approach from developers amid ongoing market adjustments [29][36] - The focus of land acquisition remains on core cities, with developers showing strong interest in high-quality land parcels [22][32] Investment Trends - Real estate development investment in the first eight months of 2025 was 6 trillion yuan, down 12.9% year-on-year, indicating continued pressure on short-term investments [39][43] - The funding for real estate development companies has also decreased, with total funds down 8% year-on-year, reflecting ongoing financial challenges in the sector [42][43] - Major developers are increasingly focusing on cities with higher sales certainty, leading to intensified competition for land in these areas [35][36]

Group 1 - The core viewpoint indicates that the number of registered second-hand residential properties in Hong Kong increased by approximately 10.1% from 2,864 to 3,154 between September 1-23 compared to the same period last month [1] - The number of second-hand residential properties priced over HKD 10 million saw a significant increase of about 16.1%, rising from 329 to 382 registrations [1] - Projections suggest that the total registrations for September could challenge the 480 mark, surpassing August's total of 434, indicating a month-on-month recovery of over 10% [1] Group 2 - In terms of regional performance, the New Territories recorded the highest increase in registrations for second-hand residential properties over HKD 10 million, with 140 registrations, up approximately 25% from 112 last month [3] - Hong Kong Island had the highest total number of registrations among the three regions, with 145 registrations, reflecting a 16% increase from 125 last month [3] - Kowloon also saw an increase, with 97 registrations, which is a 5.4% rise from 92 last month, indicating overall growth across all three regions [3] Group 3 - The New Territories' strong performance in registrations is attributed to several housing estates recording notable cases of second-hand residential properties over HKD 10 million [4] - Notably, the Ming City estate led with 18 registrations, marking a 63.6% increase from 11 last month [4] - Other estates such as Ocean Love and Tianfu Bay each recorded 7 registrations, with Ocean Love increasing by 75% from 4 last month, and Tianfu Bay showing a sixfold increase from 1 last month [4]

Group 1 - The traditional peak season for the real estate market in Guangzhou, "Golden September and Silver October," has led to an increase in new property launches and a faster market pace, with a wider selection for buyers [1][3] - Popular new projects in areas like Tianhe and Panyu have seen significant visitor interest, with over 3,000 groups visiting the Zhujiang Tianhe Duohui Phase II project and more than 300 registrations of intent [1][3] - According to statistics from CRIC, the number of visitors to key projects in Guangzhou has exceeded 5,000 groups, with transaction volumes increasing by 40% month-on-month, indicating a peak in the market for the second half of the year [3][5] Group 2 - The overall real estate market in Guangzhou has been gradually recovering over the first eight months of the year, with a total of 45,000 new residential units signed, reflecting a year-on-year increase of 13% [5] - The second-hand residential market also showed strong performance, with 77,000 units signed, representing a year-on-year growth of 17.1% [5] - The market is characterized by stable prices, high visitor levels, and active new property launches, with expectations for increased pre-sale volumes and enhanced developer confidence in the fourth quarter [5]

Core Viewpoint - The National Bureau of Statistics has released data on the changes in sales prices of new residential properties in 70 large and medium-sized cities for August 2025, indicating a mixed trend in price movements both month-on-month and year-on-year [1]. Summary by Category New Residential Property Sales Price Index - The new residential property sales price index for August 2025 shows a month-on-month decrease in most cities, with Beijing at 99.6, Tianjin at 99.5, and Shijiazhuang at 99.5, indicating a slight decline compared to the previous month [4]. - Year-on-year comparisons reveal that Beijing's index is at 96.5, Tianjin at 98.2, and Shijiazhuang at 96.7, suggesting a decrease in prices compared to the same month last year [4]. - The average price index for the first eight months of 2025 shows a decline across various cities, with Beijing at 95.3 and Tianjin at 97.9 [4]. Second-hand Residential Property Sales Price Index - The second-hand residential property sales price index for August 2025 also reflects a downward trend, with Beijing at 98.8, Tianjin at 99.6, and Shijiazhuang at 99.4, indicating a month-on-month decrease [5]. - Year-on-year data shows that Beijing's index is at 96.8, Tianjin at 97.0, and Shijiazhuang at 94.9, indicating a decline compared to the same month last year [5]. - The average price index for the first eight months of 2025 shows a similar trend, with Beijing at 97.7 and Tianjin at 95.9 [5]. Price Classification Index for New Residential Properties - The classification index for new residential properties indicates that properties under 90m² have an average index of 99.5, while those over 144m² are at 99.8, showing slight month-on-month decreases [6]. - Year-on-year comparisons for properties under 90m² show a decline to 94.9, while properties between 90-144m² are at 96.6, indicating a decrease in demand for larger properties [6]. - The average index for the first eight months of 2025 shows a consistent decline across all categories, with properties under 90m² at 95.3 and those over 144m² at 96.4 [6]. Price Classification Index for Second-hand Residential Properties - The classification index for second-hand residential properties shows that properties under 90m² have an average index of 98.6, while those over 144m² are at 99.1, indicating a slight month-on-month decrease [8]. - Year-on-year comparisons for properties under 90m² show a decline to 96.8, while properties between 90-144m² are at 97.5, indicating a decrease in prices for smaller properties [8]. - The average index for the first eight months of 2025 shows a consistent decline across all categories, with properties under 90m² at 97.8 and those over 144m² at 98.0 [8].