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 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]