Core Insights - The Shenzhen second-hand housing market showed a positive recovery trend in August, with a recorded 1,265 transactions in the 33rd week, representing a 4.0% week-on-week increase, marking three consecutive weeks of growth [1] - The transaction structure indicates a shift in buyer preferences, with popular areas being Longgang Central City, Nanshan Qianhai, and Longgang Shuangcheng, recording 49, 43, and 41 transactions respectively [3] - The market is witnessing a significant interest in second-hand homes, particularly those priced below 3 million yuan, which accounted for 29.1% of transactions, up 2.5 percentage points from July [3][4] Market Activity - Data from multiple real estate platforms indicate increased market activity, with a 47% year-on-year rise in second-hand residential contracts from August 1 to 17 [3] - The Beike Research Institute reported a 26.3% increase in second-hand home transactions in the last week, with viewings also rising by 16% [3] - The total number of effective second-hand housing listings in Shenzhen was 76,399 as of August 18, showing a slight decrease of 92 listings from the previous week, indicating a potential improvement in supply-demand dynamics [4] Buyer Preferences - There is a growing interest in "new second-hand" homes, typically 5 to 10 years old, due to their price advantages and the absence of waiting for handover [4] - The price drop in many recently launched second-hand housing projects has created a "price inversion" phenomenon, making them more attractive compared to new homes [4] - The market continues to exhibit a trend of "price for volume," but prices for new second-hand homes have shown signs of recovery, reflecting differentiated performance among various property types [4]

乐有家研究中心的数据则显示，截至8月11日，8月以来深圳门店二手住宅看房成交率为4.22%，相较7 月上涨0.26个百分点，显示客户正加速"抄底"。据深圳贝壳研究院监测，8月上旬日均签约量较7月增长 6.4%，与去年同期相比增长32.5%。 不过，市场从业者的"体感"却有所不同。"定价权更为灵活的二手房更能反映楼市实际情况。"记者在深 圳罗湖和龙岗区采访时，多位资深二手房中介经理对记者表示，目前的二手房市场还是"以价换量"，除 了少数热门次新房小区、总价低的刚需盘以及优质学区房的成交量维持一定热度，其他房源的成交依旧 面临一定压力，前期的政策放松效果已经开始淡化，多数购房者仍在期待新的政策。 （原标题：实探深圳楼市丨二手房"以价换量"，业界期待政策放松节奏提速） 对于房地产市场来说，一线城市具有"风向标"意义。 近日，北京提出一系列放松楼市限购的举措，引发广泛关注。 数据显示，8月以来，深圳二手房市场开局势头较好。近期，记者走访了深圳多区房地产市场，从受访 情况来看，市场从业者的"体感"却有所不同，均希望出台更多的优化政策，以提振市场情绪。 楼市"体感"不一 尽管7月和8月是楼市传统的淡季，但进入8月以来，深 ...

Core Viewpoint - The Shenzhen second-hand housing market recorded 1,321 transactions in the week of July 7-13, 2025, reflecting an 8.0% decrease compared to the previous week, indicating a stable market despite the decline in transaction volume [1]. Group 1: Market Performance - The transaction volume of second-hand homes in Shenzhen remains at a relatively good level for the year, suggesting a steady market operation [1]. - As of July 14, 2025, there are 75,173 valid second-hand housing listings available in Shenzhen, which is an increase of 4 listings from the previous week, indicating that the inventory level is stabilizing [1].

Core Insights - As of July 14, Shenzhen has a total of 75,173 valid second-hand housing listings, with a slight increase of 4 listings compared to the previous week [1] - The Longgang District accounts for 25.9% of the total listings, with 19,466 units, significantly surpassing other districts, while Dapeng New District only represents 0.2% with 157 units, indicating a notable disparity in second-hand housing availability across different regions [1] - Last week, Shenzhen recorded 1,321 second-hand housing transactions (including self-service), reflecting a week-on-week decrease of 8%, ending a two-week growth trend; however, the transaction volume remains at a relatively strong level for the year, indicating a stable performance in the Shenzhen second-hand housing market [1]

Core Insights - The Shenzhen real estate market is experiencing a significant increase in second-hand housing supply, with over 75,000 effective listings as of July 7, marking a rise of more than 3,000 units in two weeks, primarily driven by the Longgang, Baoan, and Futian districts contributing over 60% of the new supply [1] - Despite 71.8% of monitored areas seeing average prices decline, there are positive signals emerging, with the proportion of declining properties narrowing to 51.9% and the percentage of rising properties increasing to 36.2% [2] - Structural opportunities are becoming apparent, with resilient core area assets and significant price differentiation in peripheral regions, indicating a potential new phase of value discovery in the market [4] Market Dynamics - The market is characterized by three main features: enhanced resilience of core area assets, increased differentiation in peripheral regions, and a rising trend in the proportion of larger unit sales (over 120㎡) [4] - The policy environment continues to influence market expectations, with adjustments in second-hand housing reference prices and an increase in affordable housing construction, which is gradually diverting market demand [5] - The financial landscape shows a shift in funding preferences, with a notable increase in long-term loans and a high auction failure rate for luxury properties, indicating liquidity risks in high-value assets [5] Price Trends - The price increase leaderboard for July shows significant gains in various districts, with the highest increase of 19% in the Shuanglong Garden of Baoan district, reflecting a "low-price rebound" logic [3] - The market is expected to maintain a dual structure of stability in core areas and adjustments in peripheral regions as the traditional peak season approaches [5] - The overall market dynamics suggest that buyers should focus on specific district characteristics, such as industrial support and transportation planning, rather than solely on price [5]

Group 1 - The second-hand housing market in Shenzhen has seen an increase in available listings, with a total of 75,169 effective second-hand housing units for sale as of July 7, marking a week-on-week increase of 1,311 units, reaching a new high [1] - The transaction volume for second-hand homes recorded 1,436 units last week, representing a week-on-week growth of 4.2%, indicating a sustained high level of market activity [1] - The average transaction price for second-hand homes has decreased to 54,600 yuan per square meter, reflecting a market trend of "trading price for volume" [1] Group 2 - In the first half of the year, the demand for larger residential units has increased, with 42.6% of second-hand home transactions being for units larger than 90 square meters, a year-on-year increase of 5.6% [2] - The financial policies in Shenzhen have been favorable, with reductions in public housing loan rates and an increase in loan limits, contributing to a more active market [2] - The overall market activity is expected to improve in the second half of the year due to a combination of favorable policies and the traditional peak sales season [2]

Core Insights - Shenzhen's new housing de-stocking cycle has decreased to a record low of 7.5 months, indicating a significant improvement in the real estate market [3][4][6] - In the first half of 2025, the total number of new and second-hand residential transactions in Shenzhen reached 51,104 units, a year-on-year increase of 38.8% [2][4] - The market is expected to remain active in the second half of 2025, driven by favorable policies and traditional peak sales seasons [1][6] Group 1: Market Performance - In the first half of 2025, new residential transactions totaled 31,074 units, representing a nearly 80% year-on-year increase, with new residential sales at 21,867 units, up 49.3% [2][3] - The supply of new homes has decreased significantly, with only 17,232 new units launched in the first half, a drop of over 44% year-on-year [2][4] - The number of second-hand residential transactions recorded 35,106 units, a 30.7% increase compared to the same period in 2024 [4][5] Group 2: Buyer Behavior and Preferences - The demand for smaller residential units remains strong, with properties under 90 square meters accounting for 55.9% of total transactions in the second-hand market [4][5] - The proportion of completed homes in transactions is increasing, with 30.9% of new residential sales being completed units, up 6.3 percentage points from the second half of 2024 [3][4] - The average transaction price for second-hand homes in June was 60,300 yuan per square meter, reflecting a slight month-on-month decline of 1.5% [5][6] Group 3: Future Outlook - The market is anticipated to maintain a stable trajectory in the second half of 2025, supported by ongoing favorable policies and strong demand from first-time buyers [6] - The focus on high-quality properties is expected to drive new home transactions, with a notable increase in interest for well-priced, quality developments [6]

Core Viewpoint - The Shenzhen real estate market has shown signs of recovery in the first half of the year, driven by various policies aimed at stabilizing the housing market [1][2]. New Housing Market - In the first half of the year, over 65,000 new and second-hand homes were sold in Shenzhen, marking a year-on-year increase of 53.2%, with residential sales exceeding 51,000 units, up 41.8% [1]. - Developers focused on digesting existing inventory, resulting in relatively low supply levels, except for a surge in April ahead of the May Day holiday [1]. - New housing sales reached 31,074 units, a significant year-on-year increase of 79.9%, with residential sales at 21,867 units, up 49.3% [1]. - Three "sunshine projects" were launched, achieving over 90% sales rates, indicating strong competitiveness in terms of location, price, and product [1]. - The new housing market in Shenzhen exhibits significant differentiation, with some less popular projects experiencing slower sales [1]. Second-Hand Housing Market - The second-hand housing market saw 34,548 transactions, a year-on-year increase of 35.1%, with second-hand residential sales at 29,231 units, up 36.6% [2]. - The release of pent-up demand post-Spring Festival contributed to the active market performance, surpassing last year's figures [2]. - The Longgang District led in second-hand residential sales with over 7,000 units, accounting for 43.9% of the total [2]. - Recent policy adjustments, including the relaxation of purchase restrictions and lower down payment ratios, have stimulated the market [2]. - Despite lower average monthly transaction volumes compared to late last year, there has been a noticeable improvement compared to the same period last year [2]. Price Trends - New residential prices in Shenzhen saw a slight month-on-month increase of 0.01% in June, with a year-on-year decrease of 0.84% [2]. - The second-hand housing market primarily adopted a "price for volume" strategy, with prices declining by 0.52% month-on-month and 3.15% year-on-year, the smallest decline among first-tier cities [2]. Market Outlook - Market analysts believe there is still room for policy optimization in first-tier cities, which could further stimulate market activity [3].

Core Viewpoint - The Shenzhen real estate market is experiencing fluctuations in both second-hand and new housing transactions, with a notable increase in second-hand transactions year-on-year, while new housing sales are declining significantly compared to the previous year [1][4][7]. Second-hand Housing Market - In June 2025, the number of recorded second-hand housing transactions was 5,546, reflecting a month-on-month decrease of 3.2% but a year-on-year increase of 4.5% [1]. - The first half of 2025 saw a total of 35,106 second-hand housing contracts, representing a year-on-year growth of 30.7% compared to the same period in 2024 [3]. - The average monthly recorded transactions for second-hand housing in the first half of 2025 reached 5,851, indicating a generally active market supported by policy and demand [7]. - As of June 30, 2025, there were 73,858 second-hand properties available for sale, a month-on-month increase of 2.9% [6]. - The proportion of transactions for properties smaller than 90 square meters accounted for 55.9% of total sales, down from 61.4% in the same period of 2024, suggesting a gradual release of demand for larger properties [6]. New Housing Market - In June 2025, the pre-sale of new homes totaled 2,054 units, showing a month-on-month decline of 7.0% and a year-on-year decrease of 35.7% [4]. - The total pre-sale of new homes in the first half of 2025 was 16,522 units, which is an 11.9% increase compared to the same period in 2024, with residential sales increasing by 24.4% [4]. Market Dynamics - The market is currently in a "price-for-volume" phase, with sellers having more negotiation power, indicating some uncertainty in the market [7]. - The Dragon River area has seen a 2.0 percentage point decrease in transaction share, influenced by external policy changes, particularly the recent LPR adjustment [6].

Core Viewpoint - The Shenzhen real estate market shows significant growth in both new and second-hand housing transactions in the first half of the year, with new housing transactions exceeding 65,000 units, a year-on-year increase of 53.2% [1]. Group 1: New Housing Market - In the first half of 2025, new housing supply in Shenzhen decreased to 17,232 units, down 44.5% year-on-year and 47.7% quarter-on-quarter [1]. - The residential new housing supply was 14,983 units, reflecting a year-on-year decline of 45.6% and a quarter-on-quarter decline of 47.3% [1]. - Three new housing projects sold out on the opening day, indicating strong demand despite the overall supply decrease [1]. Group 2: Sales Strategies and Market Trends - Local real estate companies attribute the hot sales of some new housing projects to a "small step, quick run" strategy, controlling supply to better observe market conditions [2]. - In June, new housing online signing exceeded 3,000 units, maintaining a relatively stable level, with the proportion of new housing sold as existing homes rising to 42% [2]. - The top 20 real estate companies in Shenzhen saw a cumulative sales amount increase of 42.9% in the first five months of the year [2]. Group 3: Second-Hand Housing Market - In the first half of the year, second-hand residential transactions in Shenzhen reached 29,231 units, a year-on-year increase of 36.6% [3]. - The average transaction price for second-hand housing in June was 60,300 yuan per square meter, with a slight month-on-month decrease of 1.5% [3]. - The average listing price for second-hand housing in June was 64,200 yuan per square meter, also showing a slight month-on-month decline of 1.2% [3]. Group 4: Market Outlook - The Shenzhen real estate market is expected to remain relatively stable, driven by consistent demand for both new and second-hand housing [5]. - The market is characterized by a significant presence of second-hand housing, with high listing volumes putting pressure on both listing and transaction prices [5]. - The market may continue to experience fluctuations, with potential for a high-to-low trend in the second half of the year [5].