Core Insights - The Xiamen real estate market has shown significant fluctuations, with notable changes in property sales rankings and prices during the week of November 3 to November 9 [1][2]. Group 1: Sales Performance - Guomao Yuyun Villa emerged as the top performer with 29 units sold at an average price of 25,461 yuan/m², marking a significant rise from the previous week's 6th position [1][2]. - China Overseas Huandong Yunqi maintained a strong presence, with sales dropping from 121 units in the second week of October to 10 units in the latest week, yet consistently ranking high [1][5]. - The sales performance of Lianfa Jiayueli and Jianfa Yuhai remained stable, with Lianfa Jiayueli selling 7 units at 29,283 yuan/m², indicating its resilience in the market [2][6]. Group 2: Price Trends - The price range in the latest sales data varied dramatically, from 15,544 yuan/m² for Baolong Xuhui City to 76,003 yuan/m² for Tianyue Yuncong, highlighting a clear price stratification in the market [3][4]. - The third tier of properties (20,000 to 25,000 yuan/m²) included Guomao Yuyun Villa and Qixingwan TOD Posheng, while the fourth tier focused on affordable housing options [3][4]. Group 3: Regional Analysis - Xiang'an and Tong'an districts were the main contributors to the sales rankings, with Xiang'an featuring Guomao Yuyun Villa and Tong'an having four properties listed, accounting for 40% of the top sales [4][5]. - Jimei and Haicang districts also had notable entries, with Lianfa Jiayueli and Jianfa Yuhai showing stable performance [4][5]. Group 4: Market Dynamics - The competitive landscape in Xiamen's real estate market is characterized by shifting buyer preferences, with some prioritizing school districts, quality, or cost-effectiveness [7][8]. - The market is expected to recover from recent downturns, suggesting that opportunities will arise for those who understand consumer demands [7][8].

Core Insights - The LPR (Loan Prime Rate) remains unchanged at 3.00% for 1-year and 3.50% for over 5 years, indicating a cautious approach in monetary policy [3] - The real estate market is experiencing significant price disparities, with some areas seeing price differences exceeding 6 times [8][11] - Recent sales data shows a strong performance in the Xiamen real estate market, particularly in the Tong'an district, where the average price is significantly lower compared to other districts [5][11] Market Overview - The A-share market has surpassed 3800 points, while gold prices have surged past $4000 per ounce, reflecting a broader trend of rising asset prices globally [2] - In Japan, average housing prices in core areas have increased by 17%, with Tokyo's 23 wards averaging over 70,000 RMB per square meter [2] - Vietnam's housing market is also experiencing rapid price increases, with high demand evident in sales offices [2] Xiamen Real Estate Dynamics - The Xiamen real estate market is characterized by a "dual city" phenomenon, with stark contrasts in pricing and sales performance between different districts [5] - The top-selling project, Zhonghai Huanyunqi, achieved 121 units sold at an average price of 23,571 RMB per square meter, showcasing a remarkable sales velocity [5][8] - The price structure is being redefined, with the highest tier in Siming District reaching 86,058 RMB per square meter, while the lowest tier in Tong'an District is around 13,697 RMB per square meter [8][11] Buyer Behavior and Market Segmentation - The purchasing logic in the market has shifted, with buyers now more selectively choosing properties based on price and location [12] - Improvement buyers are showing cautious preferences between island and non-island properties, with notable sales in the mid-range price segments [13] - For first-time buyers, properties in Tong'an and Xiamen districts are becoming more accessible, with prices as low as 13,697 RMB per square meter [14]

Summary of Key Points Core Viewpoint The real estate market in Xiamen shows mixed signals with a decline in transaction volume in July 2025, while year-to-date figures indicate an overall increase in sales and prices compared to the previous year. The market is experiencing a structural price increase despite a general slowdown in buyer activity. Transaction Data - In July 2025, Xiamen's residential transactions totaled 1,026 units, covering an area of 126,700 square meters, reflecting an 11% month-on-month decline but a 17% year-on-year increase. The sales amount reached 5.523 billion yuan, with an average price of 43,587 yuan per square meter, marking a 4% month-on-month increase and a 45% year-on-year increase [1][4]. - From January to July 2025, Xiamen recorded 7,560 residential transactions, totaling 855,600 square meters, which is a 20% year-on-year increase. The total sales amount was 31.862 billion yuan, with an average price of 37,241 yuan per square meter, reflecting a 6% year-on-year increase [1][3]. Market Dynamics - The concentration of project openings and registrations in July helped maintain a moderate level of transaction volume, with a structural price increase observed. However, the actual buyer engagement has been weak, leading to a low market temperature and increased buyer hesitation [1][4]. - Some developers are resorting to price reductions to stimulate sales and improve inventory turnover [1]. Regional Performance - In the first seven months of 2025, the top-performing districts in Xiamen by sales area were Huli District (20.77 million square meters, 24% market share), Jimei District (15.57 million square meters, 18% market share), and Haicang District (15.57 million square meters, 18% market share) [3]. - In July 2025, Huli District led with 3.16 million square meters sold, accounting for 25% of the market share, followed by Jimei District with 2.98 million square meters [4]. Developer Rankings - The leading developers by sales amount from January to July 2025 were Jianfa (7.969 billion yuan, 22.5% market share), Guida (6.481 billion yuan, 18.3% market share), and Ehe (4.442 billion yuan, 12.6% market share) [6][7]. - In terms of sales area, Jianfa also led with 22.31 million square meters sold, representing 15.7% of the market share [8]. Notable Projects - The top-selling project in the first seven months of 2025 was Haicang Center TOD, with a sales amount of 2.322 billion yuan and an area of 75,700 square meters [14][15]. - In July 2025, the top project by sales amount was Tianyue Yun Song, generating 1.301 billion yuan in sales [21]. Conclusion The Xiamen real estate market is characterized by a complex interplay of rising prices and declining transaction volumes, with significant regional variations and a competitive landscape among developers. The market's future trajectory will depend on how developers adapt to changing buyer sentiments and market conditions.