Core Insights - In November, the total online signing volume for new and second-hand residential properties in Shenzhen reached 7,116 units, reflecting a month-on-month increase of 3.9% but a year-on-year decrease of 57.3% [1][2] Group 1: Market Performance - The online signing volume for new residential properties was 2,644 units, showing a slight month-on-month decline of 0.3% and a year-on-year decline of 72.3% [2] - The online signing volume for second-hand residential properties was 4,472 units, with a month-on-month increase of 6.6% and a year-on-year decrease of 37.2% [2] - The second-hand housing market has shown stable demand, with transaction volumes exceeding 5,000 units for nine consecutive months [4] Group 2: Pricing Trends - The average transaction price for second-hand properties in Shenzhen was 57,000 CNY per square meter in November, reflecting a month-on-month decrease of 3.2% [4] - The proportion of transactions from first-time homebuyers in the 3-5 million CNY range has increased, contributing to the decline in average transaction prices as sellers have more negotiation space [4] Group 3: Upcoming Developments - High-end projects are entering the market, with the Shenzhen Bay project launching 348 units of over 200 square meters, achieving sales of approximately 13 billion CNY, marking the highest single-project sales total in the country this year [2] - Other high-end projects, such as the Shekou招商玺 and 中信信悦湾, are expected to launch in December, indicating a promising outlook for the new housing market [2]

Group 1 - The core viewpoint of the news is that the new housing policy in Shenzhen has led to a significant increase in market activity, with both new and second-hand residential transactions rising sharply in September 2023 [1][2]. - In September, Shenzhen's total residential transactions reached 7,633 units, a month-on-month increase of 20.7% and a year-on-year increase of 38.3%. The first-hand residential transactions were 3,087 units, up 43.5% month-on-month and 32.7% year-on-year, while second-hand transactions were 4,546 units, up 8.9% month-on-month and 42.5% year-on-year [1]. - The average transaction price for second-hand residential properties in Shenzhen was 58,700 yuan per square meter, showing a slight month-on-month decline of 1.5%, while the listing price was 62,600 yuan per square meter, down 0.6% [1]. Group 2 - Analysts believe that the new policy has effectively stimulated the market, particularly in non-core areas where restrictions have been eased, leading to increased participation from first-time buyers and cross-city purchasing groups [2]. - The policy's targeted approach aims to address the issues of inventory in peripheral areas while stabilizing expectations in core areas, setting a foundation for a robust market during the peak season of September and October [2]. - Nationally, the new housing market has remained stable since 2025, but there has been a slight decline in sales since the second quarter of 2023. However, September saw a recovery in sales due to improved supply [2][3].

Core Insights - The overall Shenzhen real estate market in July continued the trend observed in June, with a total of 7,316 residential units signed, reflecting a month-on-month decrease of 5.9% and a year-on-year decrease of 8.7% [1] Summary by Category New Residential Market - New residential units signed amounted to 2,660, showing a month-on-month decline of 18.8% and a year-on-year decline of 22.6% [1] Second-hand Residential Market - Second-hand residential units signed reached 4,656, with a month-on-month increase of 3.4% and a year-on-year increase of 1.8%, indicating a trend of rising second-hand transaction volumes while new units decline [1] - In July, the second-hand housing market recorded 5,669 units, reflecting a month-on-month increase of 2.2% and a year-on-year growth of 5.4%, remaining above the 5,000 units threshold [1] Pricing Trends - The bargaining power of homeowners has increased, leading to slight declines in both listing prices and transaction prices. The average transaction price for second-hand residential units in July was 59,300 yuan per square meter, down 1.7% month-on-month, while the average listing price was 63,600 yuan per square meter, down 0.9% month-on-month [1]

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]