Core Insights - The new housing market in Shenzhen shows a steady increase in transactions, with a notable rise in commercial properties, indicating growing interest in non-residential real estate [1][3] - The second-hand housing market recorded a nearly 10% increase in contract registrations, reflecting a subtle shift in supply and demand dynamics [4][6] - The market outlook remains stable, supported by favorable policies and an increase in new supply, although challenges such as declining seller willingness may impact future supply [9] New Housing Market - In the week of November 3-9, 2025, Shenzhen's new housing market recorded 1,015 transactions, a 2.2% increase from the previous week, maintaining a weekly transaction volume above 1,000 units [1] - The commercial property segment saw a significant surge, with transaction volume increasing by 66.8% compared to the previous week, highlighting a rising interest in non-residential properties [1] Supply Side - The fourth quarter is expected to see a supply peak in Shenzhen's new housing market, with over 10,000 new units anticipated, including high-demand projects in prime locations [3] Second-Hand Housing Market - The second-hand housing market recorded 1,452 contract registrations, a 9.5% increase week-on-week, indicating a high level of market activity [4] - The demand side shows a 4.6% increase in new buyer contracts, while the supply side experienced a 2.5% decrease in new seller contracts, suggesting a potential impact on future pricing trends [6] Regional Analysis - Longgang district continues to lead in transaction volume, with several areas making it to the top ten list, underscoring its significance in Shenzhen's real estate market [7] Market Outlook - The overall real estate market in Shenzhen remains stable, with new housing supply expected to rise and second-hand housing showing resilience [9] - Positive factors include ongoing financial support for reasonable housing demand and low mortgage rates, while challenges such as reduced seller willingness may limit second-hand supply [9]

Core Insights - The new housing policy implemented on September 5 has significantly activated various housing demands in Shenzhen, leading to a notable increase in both new and second-hand home transactions [2][6] - The most impacted area is Luohu District, where the removal of purchase restrictions has resulted in a surge in buyer interest and transaction volume [6][9] Market Performance - In the week of September 8-14, Shenzhen recorded 589 new residential units sold, a 17% increase from the previous week, while second-hand homes saw 1,554 transactions, up 15.4% [2][6] - Luohu District experienced the most significant changes, with viewing and signing rates increasing by 29% and over 25% respectively during the same period [6][9] Buyer Demographics - The new policy has attracted a considerable number of external buyers, including those from Chengdu and Hong Kong, who are now eligible to purchase homes in Shenzhen [3][4] - Approximately 10% to 15% of buyers in Luohu are from outside Shenzhen, indicating a diversification of the buyer pool [3][4] Local Buyer Sentiment - Local buyers are showing increased confidence and quicker decision-making, with many making purchases on the same day as their property visits, a trend not seen before the policy change [5][6] - The demand from local buyers is particularly strong in areas with good educational resources, such as Luohu, where families are eager to secure homes for their children’s education [6][9] Developer Activity - Developers are actively preparing to launch new projects, taking advantage of the favorable market conditions created by the new policy [8][9] - Notable upcoming projects include over 390 new residential units from local developers, with expectations of strong sales performance due to the current market dynamics [8][9] Market Outlook - The new policy is expected to stimulate the market further during the traditional peak sales season of September and October, with a focus on both core and non-core areas [9][10] - Analysts believe the policy effectively addresses the inventory issues in non-core areas while stabilizing expectations in core regions, setting a positive foundation for the upcoming market season [9]

Core Viewpoint - The recent policy changes in Shenzhen's real estate market have significantly stimulated housing demand, leading to increased transactions in both new and second-hand homes, particularly in the Luo Hu district, which has seen the most substantial impact from the new regulations [3][8][12]. Summary by Sections Market Activity Post-Policy - In the week following the new policy (September 8-14, 2025), Shenzhen recorded 589 new residential transactions, a 17% increase from the previous week, while second-hand homes saw 1,554 transactions, up 15.4% [3][8]. - Luo Hu district, which had the most significant changes in purchase restrictions, experienced a 29% increase in viewings and over 25% in signed contracts during September 6-14 [5][8]. Changes in Buyer Demographics - The policy has lowered purchase barriers across most of Shenzhen, allowing non-residents to buy homes in several districts, leading to an influx of new buyers, including those from other cities and regions [5][6]. - A notable increase in inquiries and purchases from clients in Hong Kong, Macau, and Taiwan has been observed, with many seeking properties for investment or retirement [6][12]. Local Buyer Sentiment - Local buyers have shown increased confidence and quicker decision-making in their purchasing processes, with many transactions occurring on the same day as property viewings [6][8]. - The overall market sentiment has shifted positively, with many buyers now viewing Shenzhen properties as stable investments [5][6]. Performance of Luo Hu District - Luo Hu has emerged as the "biggest winner" from the new policy, with a significant increase in both new and second-hand home transactions due to its favorable location and quality amenities [8][9]. - The district's new home supply is limited, leading to a rapid turnover of existing properties, with some agents reporting a doubling of transaction volumes post-policy [8][9]. Developer Strategies and Market Outlook - Developers are actively preparing to launch new projects, taking advantage of the current market momentum, with several new residential projects expected to hit the market by the end of September [10][11]. - The policy is anticipated to create a favorable environment for the upcoming "Golden September and Silver October" sales season, with expectations of increased activity in both core and non-core areas of the market [12].

Core Insights - The recent policy changes in Shenzhen have significantly activated various housing demands, leading to increased transactions in both new and second-hand housing markets [1][4][8] - The most notable impact has been observed in the Luohu district, which has seen a substantial increase in buyer activity following the relaxation of purchase restrictions [2][4][5] Market Performance - In the week of September 8-14, 2025, Shenzhen recorded 589 new residential units sold, a month-on-month increase of approximately 17%, while second-hand homes saw 1,554 transactions, up 15.4% [1][4] - The Luohu district experienced a remarkable surge, with viewing and signing volumes increasing by 29% and over 25% respectively during September 6-14 [4][5] Buyer Demographics - The new policy has lowered purchase thresholds across most areas in Shenzhen, attracting a significant number of external buyers, including those from Chengdu and Hong Kong, who are now eligible to purchase homes [2][3] - External buyers now account for approximately 10% to 15% of transactions in certain projects, indicating a growing interest from outside the region [2] Local Buyer Sentiment - Local buyers have shown increased confidence and quicker decision-making processes, with many opting for immediate purchases rather than prolonged consideration [3][5] - The market has seen a notable increase in first-time buyers and those looking for investment opportunities, particularly in areas with strong educational resources [5][6] Developer Activity - Developers are actively preparing to launch new projects, taking advantage of the favorable market conditions created by the new policies [7] - Upcoming projects include over 390 new residential units in the Futian and Nanshan districts, with expectations of strong sales performance without the need for heavy promotional activities [7][8] Market Outlook - The new policy is expected to stimulate the market further, particularly during the traditional peak sales season of September and October, with a focus on inventory reduction in non-core areas and stabilizing expectations in core regions [8]

Group 1 - The event "Qixi Marriage Certificate and Home Gift Promotion" was held in Shenzhen, aiming to assist newlyweds in starting their happy life together by providing practical housing options [2][13] - The event featured six quality residential projects, including Jin Di Huan Wan Cheng, Cheng Han Wan Shang International, Jing Ji Chen Yue Fu, Zhuo Yue Man Yue, Shen Ye Zhong Cheng (apartment), and He Tao Gong Guan, catering to diverse housing needs [4] - Shenzhen Le You Jia Holding Group provided special gifts and quality home appliances to newlyweds, enhancing the celebratory atmosphere of the event [4] Group 2 - The project Zhuo Yue Man Yue made its market debut during the event, generating additional excitement and attention [8] - The event offered project brochures and professional consultations, along with on-site house viewing appointments, facilitating a convenient and secure home selection process for newlyweds [11] - The initiative reflects the district's commitment to improving residents' well-being and promoting home ownership as a foundation for a stable and beautiful future [13]