Core Insights - The real estate market in Ganzhou is experiencing a decline in housing prices, with new residential prices decreasing by 0.2% month-on-month and 2% year-on-year in October 2025, while second-hand housing prices fell by 0.4% month-on-month and 4.1% year-on-year [1][7][13]. New Housing Market - In October 2025, new housing prices in Ganzhou continued to decline, with a month-on-month decrease of 0.2% and a year-on-year decrease of 2% [3][13]. - Throughout the first ten months of 2025, new housing prices in Ganzhou have generally been on a downward trend, with only January and May showing increases [3][13]. Second-Hand Housing Market - The second-hand housing market in Ganzhou has also seen a decline, with prices decreasing by 0.4% month-on-month and 4.1% year-on-year in October 2025 [7][8]. - Since April 2025, second-hand housing prices have been declining in all months except for April, indicating a persistent downward trend [8][9]. Price Trends by Housing Size - For housing sizes, prices for units of 90 square meters and below remained stable, while prices for units between 90-144 square meters and those above 144 square meters decreased by 0.2% and 0.3% respectively [5][11]. - Overall, all size categories of housing experienced a month-on-month price decline [11]. Comparison with National Trends - Nationally, in October 2025, the average housing prices in 70 major cities also saw a decline, with new housing prices decreasing by 0.5% and second-hand housing prices by 0.7% [13]. - Ganzhou's price decline is less severe compared to the national average, indicating a relative resilience in its housing market [13][15]. Market Dynamics - The ongoing decline in housing prices may be attributed to an increase in supply in the second-hand housing market, particularly in popular areas, leading to intensified market competition and downward price pressure [9][15]. - Ganzhou's housing market stability may be supported by urban development plans, population inflow, and policy support, which have contributed to a certain level of demand [15][16].

Core Viewpoint - The real estate market in Ganzhou is experiencing a structural differentiation and deep adjustment, with new housing prices declining and second-hand housing prices continuing to face downward pressure [14][15]. Group 1: New Housing Market - In June, the new housing price index in Ganzhou decreased by 0.3% month-on-month and 3.2% year-on-year, following a brief increase in May [2][4]. - The price decline in new homes is attributed to a combination of policy benefits for quality projects and a contraction in supply alongside weak purchasing power [15]. - The average price for new homes in the first half of 2025 reflects a downward trend, indicating a need for developers to better understand customer demands [15]. Group 2: Second-Hand Housing Market - The second-hand housing prices in Ganzhou fell by 0.7% month-on-month and 2.3% year-on-year in June, continuing the trend from May [8]. - The second-hand market is characterized by a "price for volume" strategy, with active transactions in the economic development zone but continued pressure on average prices [15]. - There is a notable shift in demand from second-hand homes to new homes, reflecting changing buyer preferences [15]. Group 3: Price Trends by Housing Type - For housing types, prices for units of 90 square meters and below decreased by 0.7% month-on-month, while those between 90-144 square meters saw a slight decline of 0.1%, and units larger than 144 square meters decreased by 0.5% [6][10]. - The largest price drop was observed in smaller units (90 square meters and below), indicating a significant impact on this segment of the market [10]. Group 4: Overall Market Conditions - The overall trend in 70 major cities shows a month-on-month decline in housing prices, with a narrowing year-on-year decline, suggesting a potential stabilization in the market [12]. - The market is expected to evolve into a pattern where new homes stabilize and improve in quality, while second-hand homes continue to adjust through pricing strategies [15].

Core Insights - The Ganzhou real estate market is experiencing a critical turning point, with new home prices declining while the second-hand home market shows signs of recovery [1] - New home prices in Ganzhou fell by 0.2% month-on-month and 4.7% year-on-year, continuing the downward trend observed since the beginning of the year [1] - In contrast, the second-hand home market saw a month-on-month increase of 0.2%, ending a three-month decline, driven by demand for school district properties [1] New Home Market - The decline in new home prices is attributed to reduced interest in high-priced improvement projects, with sales dominated by inventory clearance and promotional properties [1] - In April, new home registrations in the central urban area dropped by 3% to 885 units, with only the Nankang District showing strong performance with 406 units [1] - Prices for different unit types showed a decline, with units larger than 90 square meters experiencing a 0.2% decrease, indicating weak improvement demand [1] - Structural opportunities remain, particularly in the Zhangjiang New District, where new home prices remain stable above 10,000 yuan per square meter [1] Second-Hand Home Market - The second-hand home market in Ganzhou experienced a "V-shaped" recovery in April, with prices rising across all size categories [1] - The increase in demand for school district properties, particularly in the old city and Zhangjiang New District, has driven up transaction prices [1] - High-value properties like Binhai City Square have become attractive options for first-time buyers due to their lower total prices [1] Price Trends - The average transaction price in Zhangjiang New District is 12,787 yuan per square meter, despite a slight decrease of 0.47% month-on-month [5] - The old city area has an average price of 7,427 yuan per square meter, reflecting a minor decline of 0.09% [5]