记者丨 吴抒颖 编辑丨张伟贤 在市场整体成交平淡的背景下，广州核心区域的房地产市场走出了"独立行情"。 据克而瑞统计， 广州核心区域楼市近期企稳信号凸显， 一二手市场量价同步走强。克而瑞数 据系统显示，2025年12月，广州泛珠江新城板块四季度成交量呈现逐月上涨态势，11—12月 的月均成交量对比10月份上涨30%，12月成交达333套；价格方面，泛珠江新城板块12月成交 价环比上升8%，达到近半年新高。 如果从成交价格来看， 当前广州核心区域二手房价格有逐渐企稳的趋势，热门标杆楼盘价格 比2025年最低价格均有所回升。 据21世纪经济报道记者调研，当前广州楼市已经进入新一轮稳定期，主要表现在核心区域的保 利玥玺湾等一手楼盘如持续热销，而二手房市场卖家开始出现"惜售"心态，谈价的空间减少， 整体上也呈现量价企稳的迹象。 进入2026年，随着增值税下调等一系列利好政策的落地，市场参与方对广州楼市的预期展望相 对乐观。 广州市住房和城乡建设局党组书记、局长蔡胜近期也表示，在房地产市场发展方面，2026年， 将坚决贯彻落实中央城市工作会议、中央经济工作会议精神，深刻把握、主动适应"两个转 向"的形势变化，处理好当前 ...

Core Insights - The real estate market in Guangzhou's core areas is showing signs of recovery, with both new and second-hand property prices increasing [2][3] - The market is expected to stabilize further in 2026 due to favorable policies such as VAT reductions and a focus on improving supply and demand balance [4][8] Market Performance - In December 2025, the average transaction volume in the Guangzhou Pearl River New Town area increased by 30% compared to October, with December transactions reaching 333 units [2] - The average transaction price in the same area rose by 8% month-on-month in December, marking a six-month high [2] - The total residential area sold in Guangzhou in December was 716,400 square meters, an 11% increase from November, making it the highest monthly sales figure for 2025 [4] Price Trends - The second-hand housing market in Guangzhou is stabilizing, with notable price recoveries in popular properties compared to their lowest prices in 2025 [3][6] - In November and December, second-hand home transactions were 9,191 and 8,787 units respectively, indicating a recovery across various regions [5] - Specific properties, such as those in Zhujiang New Town, have seen prices rise above previous lows, indicating a shift in seller confidence [6] Policy and Future Outlook - The Guangzhou government is implementing policies aimed at controlling supply, reducing inventory, and improving housing quality, which are expected to stabilize the market [4][8] - The introduction of new land parcels for residential development is anticipated to enhance market expectations and support price stability [7][9] - Industry experts believe that the market performance in 2026 will likely surpass that of 2025, driven by improved product quality and favorable land supply conditions [9]

Core Viewpoint - The real estate market in Tianhe is showing signs of significant price declines, with several popular properties experiencing record low transaction prices, raising concerns about a potential market collapse [1][2][4]. Price Decline Summary - Recent transactions in Tianhe have seen properties sold at prices significantly lower than historical averages, with one property dropping from 462 million to 270 million, a decrease of approximately 41.56% [2]. - Another property in the same area sold for 327 million, marking a new low with a price drop of 50.45% compared to previous sales of similar units [4]. - A third property transaction recorded a price of 409 million, down from previous highs of 600-700 million for similar units, indicating a drastic market shift [4]. Market Dynamics - The observed price drops are attributed to the actions of financial speculators who may be intentionally lowering prices to create panic selling among homeowners [7][24]. - There is a discrepancy in reported transaction volumes, with differences of up to 30 units in daily sales figures, suggesting potential manipulation or cancellations of transactions [11][12][15]. - Financial speculators are believed to be engaging in practices that involve low-cost acquisitions followed by creating a perception of declining prices to pressure other sellers into lowering their asking prices [18][19]. Speculative Behavior - Speculators are targeting properties that are undervalued or have owners willing to negotiate, allowing them to purchase at lower prices and potentially profit from subsequent sales [18]. - The strategy includes promoting low transaction prices to influence market sentiment, leading to a broader decline in property values [18][19]. - There are concerns about the legal implications of these practices, as speculators may negotiate lower penalties for breaches of contract, further complicating the market dynamics [19][24]. Alternative Perspectives - Some industry experts argue that while financial speculators may influence short-term price fluctuations, the overall market trends are driven by broader economic conditions and supply-demand dynamics [25][26]. - The presence of financial speculators is not new, and their impact on the market is often overstated, as most homeowners are aware of market conditions and do not follow suit in panic selling [26].