Market Overview - In the week of November 3-9, 2025, Kunming's real estate market saw 4 projects obtain pre-sale permits, with 3 projects launching 247 units [1] - Total market supply reached approximately 78,100 square meters, a 10% increase week-on-week, while transaction volume fell to 46,600 square meters, a 30% decrease [1] - The average transaction price was about 11,440 yuan per square meter, down 3% from the previous week [1] Project Performance - Bangtai Yingyue led the sales with a transaction amount of approximately 25 million yuan, selling 23 units at an average price of about 8,408 yuan per square meter [3] - Other notable projects included China Resources Center, Vanke Guiyu Dongfang, and Xuhui Plaza, with sales amounts of approximately 23 million yuan, 21 million yuan, and 18 million yuan respectively, and average prices ranging from 13,203 to 14,581 yuan per square meter [3] - Huafa Shuxiang Yunhai continued to perform well, achieving a sales amount of about 20 million yuan with 17 units sold at an average price of 11,052 yuan per square meter [3] Land Transactions - Two land parcels were re-listed in Kunming's main urban area, with only one successfully sold [4] - The KCPL2025-2 land parcel, approximately 9.6 acres, was sold for 220 million yuan, with a starting floor price of 9,229 yuan per square meter [6] - The KCXS2021-16 land parcel, covering about 85 acres, had a starting price reduced to 1.095 billion yuan, with a starting floor price of 6,227 yuan per square meter [8] New Developments - No new projects were launched last week, but three projects, including Bangtai Guanyun and Puyue ONE, had additional units released [10] - Bangtai Guanyun sold 12 out of 46 units at an average price of 18,700 yuan per square meter, achieving a take-up rate of 24% [10] - The project Yicheng·Danxia Cuiyu had a low take-up rate of 7%, selling only 7 out of 97 units at an average price of 22,000 yuan per square meter [11] Policy Updates - Kunming's real estate registration center has initiated a comprehensive pre-registration process for existing housing, aimed at regulating transactions and preventing risks such as "multiple sales" and "multiple mortgages" [12]

Market Overview - In the week of June 2-8, 2025, Kunming's real estate market saw the launch of 4 projects, with 2 new developments making their debut. The main transaction types were units sized 140-160㎡ and those under 90㎡ [1] - The total supply in Kunming's real estate market was 134,200㎡, representing a 491% increase week-on-week, while transactions totaled 47,300㎡, showing a 26% decrease. The average transaction price remained stable at approximately 12,601 yuan/㎡ [1] Project Performance - The top 5 projects by sales value were all high-end improvement-type developments, with sales ranging from 0.19 billion to 0.3 billion yuan and average prices between 16,162 yuan/㎡ and 19,139 yuan/㎡ [2] - The top 5 projects by sales volume included Jinma Tengyuan and Yajule Central Yafu, with sales ranging from 11 to 19 units and average prices between 8,319 yuan/㎡ and 17,701 yuan/㎡ [2] New Developments - New Hope·Jinguangfu launched with a high average occupancy rate exceeding 100%, successfully selling 67 out of 248 units, achieving a 27% absorption rate [3] - The project Puyue ONE also launched, offering 146 high-rise units with a 37% absorption rate, selling 54 units [4] Infrastructure Developments - The opening of the Feihu Avenue section from Guangfu Road to Wand Street, measuring approximately 1.38 kilometers, is expected to alleviate traffic pressure and enhance regional connectivity [12][15] - The Kunming Municipal Government announced a three-year land supply plan, indicating a gradual decrease in total supply area, focusing on residential, industrial, transportation, and public service sectors [16][17] Land Supply Trends - The total land supply in Kunming is projected to decrease from 1,094.62 hectares in 2025 to 818.15 hectares by 2027, with a shift in focus towards industrial and commercial land [16][17] - Residential land supply is expected to fluctuate but remain consistent, with a peak of 161.79 hectares in 2025, primarily in Guandu and Chenggong districts [16][17]

Core Viewpoint - The real estate market in Kunming is experiencing a stable increase in new residential supply, with a year-on-year growth of 20.2% in the first five months of the year, indicating sustained market heat and a robust supply scale [1]. Supply Overview - The total new residential supply area in Kunming's main urban area from January to May is approximately 92 million square meters, with 34 main projects contributing to this supply [1]. - Key projects by supply area include: Zhuyou Shuanghe Bay, Bangtai Yujiaojing, China Railway Nord Central Xi Chunfeng, and others, with several projects being top sellers in the market [1]. Project Performance - Bangtai Guanyun and Yicheng Danxia Cuiyu are among the first fourth-generation residential projects in Kunming, achieving significant sales with transaction amounts of 2.09 billion yuan and 1.10 billion yuan respectively [2][3]. - The average transaction price for Bangtai Guanyun is above 19,000 yuan per square meter, while Yicheng Danxia Cuiyu exceeds 22,000 yuan per square meter [3]. Market Trends - The overall supply trend in Kunming's real estate market is expected to improve, with a notable increase in supply following a slowdown in early 2024 due to market conditions [9]. - Future key projects expected to enter the market include New Hope Jinguangfu, Longhu Fengcui, and others, which will adhere to new residential regulations [9][12]. Sales Dynamics - The sales pace of new projects is accelerating, with a diverse range of product types being introduced, including high-end and quality housing options [12]. - The competitive landscape is intensifying among fourth-generation and excellent third-generation residential projects, driven by the introduction of new housing regulations [12].

Core Viewpoint - The real estate market in Kunming is experiencing a significant transformation, with a focus on high-quality residential projects, particularly the emergence of "zero public area" and "negative public area" housing concepts, which are gaining popularity and attention [1][2][3]. Group 1: Market Trends - The "good housing" projects in Kunming have surged since late last year, indicating a competitive landscape where only a few projects can match the appeal of zero public area offerings [3][21]. - The upcoming launch of a new high-end flat project along Beijing Road is expected to set a new standard in the market, emphasizing the importance of location and innovative design [2][21]. Group 2: Project Highlights - The "Puyue ONE" project, a key development in Kunming, is notable for its nearly zero public area and high space utilization rate, achieving a usable area rate of approximately 96-107% [21][22]. - The project spans about 42 acres and includes seven residential buildings, with a floor area ratio of 4.29, and features a kindergarten and community commercial spaces [21][22]. Group 3: Unique Features - Puyue ONE offers a unique customization model, allowing homeowners to participate in the design of their living spaces, including bespoke features like an AI smart door system and luxury bathroom amenities tailored for female residents [9][11][13]. - The project includes high-end amenities such as a temperature-controlled swimming pool, private dining areas, and a fitness center, all designed to cater exclusively to residents [13][17]. Group 4: Competitive Advantage - The collaboration between Panlong Investment and Xuhui Construction Management enhances the project's financial stability and innovative capabilities, positioning it favorably against private enterprises [15]. - The introduction of a high-standard property management service, including a five-star concierge system, further elevates the living experience for residents [17]. Group 5: Future Outlook - The project is set to officially open its sales office soon, with model units available for viewing, marking a significant step in the ongoing evolution of Kunming's luxury real estate market [26]. - The shift towards higher quality housing is indicative of a broader trend in the industry, where developers are increasingly focused on meeting the evolving demands of consumers [26][27].