Core Viewpoint - The Beijing real estate market has shown a subdued performance in October, with both second-hand and new housing transactions declining compared to previous months and the same period last year [3][4][5]. Group 1: Market Performance - In October, the number of second-hand housing transactions in Beijing was 12,087, a month-on-month decrease of 23.7% and a year-on-year decrease of 30.4% [3][4]. - New housing transactions in October totaled 3,511, reflecting a month-on-month increase of 1.36% but a year-on-year decrease of 28.97% [3][4]. - The overall transaction volume for new and second-hand homes in Beijing from January to October 2025 reached 172,910 units, with year-on-year increases of 9.7% for new homes and 5.4% for second-hand homes [7]. Group 2: Influencing Factors - The decline in October's transaction volume is attributed to multiple factors, including the National Day holiday, which saw only 148 second-hand housing transactions during the holiday period [4][5]. - The high base from last year's market stimulus, particularly the "930" policy that significantly boosted transactions in September 2024, has made this year's October figures appear lower in comparison [5][7]. - The current market is characterized by a shift from rapid growth to a phase driven by fundamental factors such as population, economy, and income, indicating a more stable but pressured pricing environment [7]. Group 3: New Housing Market Highlights - Despite the overall decline, the new housing market in Beijing has seen some notable successes, with significant sales from new projects such as "Shuangzi Xing" and "Zijing Chenyuan" [8]. - The total new housing supply in October was 108,100 square meters, with major projects achieving substantial sales figures, including 56.5 billion yuan from one project [8][9]. - The top three real estate companies in terms of sales in the new housing market for the first ten months of 2025 were China Overseas Land & Investment, Yuexiu Property, and China Resources Land, with sales of 38.61 billion yuan, 25.49 billion yuan, and 23.89 billion yuan respectively [9].

Core Insights - The Beijing new housing market is experiencing a strong performance during the "Golden Week" holiday, with increased visitor and contract signing rates across various projects [1][4][8] - The surge in visitor numbers is attributed to the holiday providing ample viewing time for potential buyers and developers actively organizing promotional activities [5][6] Visitor and Sales Data - Many new housing projects in Beijing saw visitor numbers increase by over 40% during the holiday, with some projects reporting increases of 40% to 60% [4][5] - Specific project data shows that from October 1 to 6, the Jia Jing Li project had 83 visitors, an 8% increase, while the Man Yun ONE project had 130 visitors, a 30 visitor increase [4][7] - The "Chao Guan Tian Jun" project received over 500 visitors in the first five days of the holiday, achieving 42% of its total September visitor count [7] Sales Performance - The "Chao Guan Tian Jun" project achieved 12 contracts worth approximately 128 million yuan during the holiday, reaching 85% of its September contract value in just five days [7] - The Jia Jing Li project also saw a significant increase in sales, with a total of 6 units sold during the holiday, representing an 83% increase compared to previous periods [7] Market Trends and Factors - The new housing market's robust performance is a result of multiple factors, including the ongoing effects of policy easing and increased supply in the market [8][9] - The supply of new residential units in Beijing reached over 5,000 in September, creating a peak supply period that supports the market's performance in October [8][9] - Analysts express optimism for the October market, anticipating continued growth and potential surpassing of September's performance due to new product launches and sustained buyer demand [9][10]

Group 1 - The core viewpoint of the article highlights a significant rebound in Beijing's real estate market in September, driven by new policies implemented in August, with new and second-hand home transactions increasing by approximately 10% and 17% respectively compared to August [1] - In September, the number of new homes and second-hand homes signed in Beijing reached 3,464 and 15,843 units respectively, indicating a positive trend in the market [1] - The "Good House" policy has contributed to the sales of new housing projects, enhancing the functionality and quality of homes available [9] Group 2 - A new housing project in Tongzhou District saw over 60% of its initial 760 units signed by buyers shortly after its launch in late September [5] - The marketing manager of a housing project in Tongzhou reported daily customer visits ranging from 120 to 150 groups, with a conversion rate of 8 to 10 groups resulting in sales each day [7] - During the National Day holiday, another project in Tongzhou experienced an influx of 50 to 60 customer visits daily, with expectations for further increases as more customers return to Beijing [11]

Core Viewpoint - The recent policy changes in Beijing's real estate market have led to a stable overall transaction environment in the second-hand housing market, with an increase in inquiries and viewings, particularly in areas outside the Fifth Ring Road [1][2][3]. Group 1: Policy Changes - On August 8, Beijing's housing authorities issued a notification to further optimize housing purchase policies, allowing eligible families to buy an unlimited number of properties outside the Fifth Ring Road [2][4]. - The policy also applies to single adults, aligning them with family purchasing conditions for commodity housing [2]. Group 2: Market Response - As of August 14, the number of second-hand homes listed in Beijing reached 161,850, an increase of approximately 1,350 from the day the new policy was announced [2]. - There has been a noticeable rise in inquiries and viewings for properties outside the Fifth Ring Road, indicating a potential increase in transaction volumes in the coming weeks [2][3]. Group 3: Transaction Trends - Data shows that the number of second-hand residential contracts signed in Beijing for August reached 5,574, a year-on-year decrease of 3.78%, but an increase of 11.55% compared to the first 14 days of July [4]. - The new policy is expected to accelerate the absorption of properties outside the Fifth Ring Road, which has been a slower-moving segment of the market [3][5]. Group 4: Market Dynamics - The majority of new residential sales in Beijing from January to July were concentrated outside the Fifth Ring Road, accounting for over 80% of new builds and more than 50% of second-hand transactions [4]. - The policy change is anticipated to release pent-up demand, particularly for families looking to upgrade their housing situation by allowing them to purchase properties in the core areas without needing to sell their existing homes first [3][5].

Group 1 - The core viewpoint of the article highlights that the Beijing real estate market remains stable one week after the new policy announcement, with an increase in inquiries and viewings for properties outside the Fifth Ring Road [1][2] - The new policy allows eligible families to purchase an unlimited number of properties outside the Fifth Ring Road, which is expected to stimulate demand and improve transaction volumes over time [2][3] - Data from the Lianjia platform indicates that the number of second-hand homes listed in Beijing has increased to 161,850, up from 160,501 on the day the new policy was announced, reflecting a slight uptick in market activity [2][3] Group 2 - The report notes that approximately half of the listed second-hand homes are located outside the Fifth Ring Road, with a slower absorption rate in this area over the past two years, but the new policy may accelerate this process [3] - The Beijing Municipal Commission of Housing and Urban-Rural Development reported that the number of second-hand residential contracts signed in August reached 5,574, a year-on-year decrease of 3.78%, but an increase of 11.55% compared to the first 14 days of July [3][4] - The analysis from the China Index Academy suggests that the new policy aims to boost the market in peripheral areas, which could benefit families looking to purchase retirement or vacation properties, as well as those needing to diversify their real estate assets [4]

Core Viewpoint - The recent policy changes in Beijing's real estate market have led to a stable overall transaction environment in the second-hand housing market, with an increase in inquiries and viewings, particularly in areas outside the Fifth Ring Road [1][2][3]. Group 1: Policy Changes - On August 8, the Beijing Municipal Housing and Urban-Rural Development Commission and the Beijing Housing Provident Fund Management Center issued a notice to further optimize housing purchase policies, allowing families meeting certain criteria to buy unlimited properties outside the Fifth Ring Road [2][4]. - The new policy also allows single adults to purchase properties under the same conditions as families, and increases support for housing provident fund loans [2][5]. Group 2: Market Response - As of August 14, the number of second-hand homes listed in Beijing reached 161,850, an increase of approximately 1,350 from the day the new policy was announced [2]. - There has been a noticeable increase in inquiries and viewings for new homes outside the Fifth Ring Road, indicating a potential uptick in transactions in the coming weeks [2][3]. Group 3: Transaction Trends - Data shows that the number of second-hand residential contracts signed in Beijing for August reached 5,574, a year-on-year decrease of 3.78%, but an increase of 11.55% compared to the first 14 days of July [4]. - The new policy is expected to accelerate the absorption of properties outside the Fifth Ring Road, which has been a slower-moving segment of the market [3][5]. Group 4: Market Composition - Over 80% of new residential sales in the first seven months of this year occurred outside the Fifth Ring Road, with over 50% of second-hand home transactions also in that area [4]. - The policy change is anticipated to release pent-up demand, particularly for families looking to upgrade their housing situation by allowing them to purchase properties in the core areas without needing to sell their existing homes first [3][4].

Core Viewpoint - The real estate market in Beijing is experiencing a decline in prices for older properties, particularly those built before 2000, as new housing options become available, leading to increased selling pressure for homeowners [1][4][10]. Group 1: Market Trends - The prices of older properties in Beijing have significantly decreased, with examples showing reductions of approximately 36% from previous sale prices [1]. - The market is characterized by a high volume of unsold second-hand homes, particularly older apartments, which are increasingly being rejected by buyers [4][10]. - Newer properties built after 2000 are gaining market share, as they are preferred by buyers due to better amenities and living conditions [10][11]. Group 2: Seller Challenges - Homeowners who purchased properties for school districts are facing substantial losses, often exceeding 2 million yuan, making it difficult to sell even at reduced prices [3]. - Owners of properties built before 2000 are advised to sell quickly, even at a loss, as prices are expected to continue declining [6]. - The rental market for older properties has weakened, with many landlords unable to find tenants, leading to increased urgency to sell [14][18]. Group 3: Buyer Strategies - Buyers are encouraged to focus on areas without new housing competition to enhance liquidity and value retention of their investments [19]. - For those looking to upgrade, it is recommended to consider new properties that offer high value or have significant location advantages [20].

Core Viewpoint - The recent policy adjustment in Beijing's real estate market aims to stimulate activity by lifting restrictions on home purchases for certain non-local residents and optimizing housing fund policies, leading to increased market engagement and potential sales growth [1][2][12]. Group 1: Policy Changes - On August 8, Beijing's housing authority announced a significant policy change allowing non-local residents who have paid social insurance or income tax for over two years to purchase unlimited properties outside the Fifth Ring Road [1][5]. - This policy marks a major shift after 10 months of stagnant regulations, indicating a proactive approach to revitalize the real estate market during a traditionally slow season [2][12]. Group 2: Market Response - Following the policy announcement, there was a notable increase in market activity, with some new housing projects reporting visitor numbers up by 200% compared to previous weekends [1][9]. - Real estate agents observed a rise in inquiries from both buyers and sellers, with some homeowners looking to capitalize on the renewed interest by listing their properties [1][6]. Group 3: Sales Dynamics - The new policy is expected to benefit the new housing market significantly, as over 80% of new residential sales in the first seven months of the year were located outside the Fifth Ring Road [8]. - Low-priced housing options are becoming increasingly attractive, with buyers able to enter the market with lower down payments, particularly in areas with good transportation and school districts [8][9]. Group 4: Future Outlook - Analysts suggest that while the immediate effects of the policy are positive, the true impact on sales will take time to materialize, as many potential buyers may still require a longer decision-making period [11][12]. - The policy is seen as a step towards stabilizing the market, with expectations for further adjustments depending on market conditions in the coming months [12].

Group 1 - Beijing's new housing market saw 134 new homes registered on August 2, with a total area of 8,967.5 square meters, including 59 residential units covering 7,013.95 square meters [1] - The second-hand housing market recorded 145 transactions, with a total area of 11,900.52 square meters, of which 129 were residential units covering 11,282.88 square meters [1] - As of August 2, 2025, there are 93,866 units available for sale, with a total area of 7,950,521.04 square meters, including 43,873 residential units covering 5,799,353.19 square meters [2] Group 2 - The number of unsold units stands at 229,901, with a total area of 12,585,873.17 square meters, including 31,369 residential units covering 3,807,012.91 square meters [2] - The online signing for existing homes reached 16,838 units, with a total area of 1,512,647.83 square meters, including 15,139 residential units covering 1,413,927.10 square meters [3]

Core Insights - Beijing's real estate market showed significant recovery in the first half of 2025, with new home sales volume increasing nearly 24% year-on-year and second-hand home transactions reaching a three-year high, indicating a steady rebound in market confidence [1][2] New Home Market - The total volume of new homes sold in Beijing reached 18,563 units, a year-on-year increase of 23.89%, with total sales amounting to 145.995 billion yuan, up 29.7% year-on-year [2] - The average price of new homes rose to 61,200 yuan per square meter, reflecting a 5.11% increase, driven by the launch of high-end projects in areas like Chaoyang and Haidian [2] - Eight districts in Beijing saw new home sales exceed 1,000 units, contributing 83.5% of the total sales, with Changping district leading at 2,321 units sold, a 12.23% increase [2][3] High-End Projects - Haidian district experienced explosive growth, with sales reaching 2,048 units, a staggering 421.12% increase year-on-year, nearing the total sales volume of 2024 [3] - Several high-performing projects emerged, with notable sales figures such as Beijing Chenyuan surpassing 5 billion yuan in sales, and other projects like Jianfa Haiyan and Zhonghai Wanjijiuxu achieving over 40 billion yuan in sales within months of their launch [3] Real Estate Companies - The top 20 real estate companies in Beijing achieved a combined sales amount of 176.67 billion yuan, with China Overseas Land and Investment leading at 24.46 billion yuan [4] - The land market showed signs of future supply, with 22 residential land parcels sold, generating a total land transfer fee of 100.556 billion yuan, a 37.3% increase year-on-year [4] Second-Hand Home Market - The second-hand housing market saw nearly 90,000 transactions, marking a 25% year-on-year increase and the highest level since 2022 [5] - The market exhibited a "golden March, silver April" trend, with March alone recording 19,234 transactions, driven by demand for school district properties and the effects of previous policies [5] - The number of second-hand listings has increased to over 160,000, indicating a competitive market where sellers may need to adjust prices to facilitate transactions [6]