Core Viewpoint - In the first half of 2025, Shenzhen's real estate market is expected to see a significant increase in transaction volume due to favorable policies and a post-New Year market boost, with a total of 51,104 residential units signed online, representing a year-on-year increase of 38.8% [1] Summary by Category - **Overall Market Performance** - Total online signed residential units in Shenzhen reached 51,104, marking a 38.8% increase year-on-year [1] - **New Residential Units** - New residential units (including pre-sale and current sale) accounted for 21,873 units, reflecting a year-on-year growth of 41.8% [1] - **Second-hand Residential Units** - Second-hand residential units signed online totaled 29,231, which is a year-on-year increase of 36.6% [1]

Core Insights - In the first half of 2023, Shenzhen's total residential transaction volume exceeded 50,000 units, indicating a robust real estate market recovery [1] Group 1: New Residential Market - In June 2023, Shenzhen's new residential sales reached 3,275 units, a month-on-month increase of 3.6% [1] - Among new sales, pre-sale transactions accounted for 1,898 units, reflecting a month-on-month decline of 7.6%, while current sales rose to 1,377 units, marking a month-on-month increase of 24.3% [1] - For the first half of 2023, a total of 21,868 new residential units were signed, with pre-sale transactions at 15,101 units, representing a year-on-year growth of 24.4% [1] Group 2: Second-hand Residential Market - In June 2023, the number of second-hand residential transactions recorded was 4,502 units, showing a month-on-month decrease of 3.9% [1] - The total number of second-hand residential transactions for the first half of 2023 reached 29,231 units, which is a year-on-year increase of 36.6% [1] - The overall second-hand residential recorded transactions for the first half of 2023 amounted to 35,106 units, reflecting a year-on-year increase of 30.7% [1]