Core Viewpoint - The recent surge of luxury residential projects entering the market has become a hot topic in the Shenzhen real estate market [1] Group 1: Shenzhen Luxury Projects - On December 28, the first batch of 156 residential units at the Shenzhen Bay project, named Yuyuan Mansion, achieved sales exceeding 10 billion yuan within two hours, with a sell-through rate of 80% [2] - The project set a new record for Shenzhen's new home registration price, with an average price of 244,000 yuan per square meter and a peak price of 380,000 yuan per square meter [2] - The project has a long development history of 26 years, with significant ownership changes, including a 300 billion yuan acquisition by CITIC City Investment in 2022 [2] Group 2: Market Trends and Impacts - Several luxury projects in Shenzhen have recently launched, including the launch of 348 units at Shenzhen Bay Luanxi, which achieved sales of 13 billion yuan, setting a record for the highest single-project sales in 2025 [3] - The overall transaction volume in Shenzhen's residential market has exceeded 6,000 units in December, with new home transactions reaching 2,144 units [3] - The proportion of second-hand homes priced over 10 million yuan has increased by 2.4 percentage points compared to November, indicating a positive cycle in demand for improved housing [3] Group 3: Broader Market Insights - The luxury market in other first-tier cities, such as Shanghai, has also seen significant activity, with transactions of newly built residential properties priced over 30 million yuan exceeding 100 billion yuan this year [4] - The market is shifting towards high-quality, low-density developments, aligning with the "good housing" policy direction and promoting urban renewal and optimization of existing stock [4]