According to the Zhito Finance APP, the China Index Academy stated that the overall transaction volume in the real estate market decreased week-on-week while increasing year-on-year, with first-tier cities leading with an increase of 43.34%. The overall inventory has slightly decreased. In 40 large and medium-sized cities, the transaction of residential land reached 1.46 million square meters, with land transfer fees amounting to 36 billion yuan. In terms of land income, Fuzhou topped the list with nearly 12.3 billion yuan, followed by Xiamen with over 5.8 billion yuan, while the remaining top 10 cities generally had land transfer fees below 5 billion yuan.

Trade.

Trade: overall decrease week-on-week, slight increase in first-tier cities.

Data source: China Index Data CREIS

Weekly overall: the decline in the week-on-week comparison has narrowed, with an increase year-on-year.

Data source: China Index Data CREIS

First-tier cities: overall transaction area increased both on a week-on-week and year-on-year basis, with significant year-on-year growth.

Last week, the transaction area in first-tier cities increased by 1.8% month-on-month. By city, guangzhou and shenzhen experienced an increase, with guangzhou leading at 32.5%; peking and shanghai saw a decline. Year-on-year, the overall increase in first-tier cities was 43.34%, with shanghai showing a slight decrease while the other three cities all increased year-on-year, with shenzhen leading at 246.7%.

Table: The year-on-year and month-on-month situation of transaction areas in first-tier cities.

Data source: China Index Data CREIS

Second, third, and fourth-tier cities: the overall transaction area in second-tier cities decreased, and both third and fourth-tier cities saw a decline.

Last week, the overall transaction area in representative second-tier cities decreased by 19.48% month-on-month. By city, nanning and jinan saw an increase, with increases of 8.76% and 0.08% respectively; all other representative second-tier cities declined month-on-month. Year-on-year, the overall increase in representative second-tier cities was 2.25%, with wuhan and wenzhou showing significant increases of 37.73% and 31.84% respectively. The overall transaction area in representative third and fourth-tier cities decreased by 7.30% month-on-month. By city, yangzhou, dongguan, meizhou, meishan, and qinzhou saw increases, with yangzhou leading at 41.9%; all other representative third and fourth-tier cities experienced a decline month-on-month. Year-on-year, the decline in third and fourth-tier representative cities narrowed to 4.84%.

Figure: The month-on-month increase and decrease of transaction areas in key second and third-tier cities.

Data source: China Index Data CREIS

Inventory: The total inventory this week slightly decreased month-on-month.

The overall inventory in the seven monitored representative cities slightly decreased by 0.49% month-on-month. Among them, first-tier cities experienced a slight month-on-month drop, while in terms of individual cities, shenzhen and peking saw month-on-month increases in inventory, with increases of 0.3% and 0.2% respectively; guangzhou and shanghai experienced slight month-on-month declines, with decreases of 0.6% and 0.4%. Second-tier cities saw an overall month-on-month decline, with individual cities such as hangzhou, suzhou, and wenzhou all showing decreases, with declines of 1.8%, 0.8%, and 0.5% respectively.

Data source: China Index Data CREIS

Land.

Overall situation: 41.2 billion yuan in land transfer fees from 40 cities, with fuzhou leading with nearly 12.3 billion yuan.

40 large and medium-sized cities transacted 1.46 million square meters of residential land, with land transfer fees totaling 36 billion yuan. Fuzhou led with nearly 12.3 billion yuan, followed by xiamen at over 5.8 billion yuan, while the remaining top 10 cities had transfer fees generally below 5 billion yuan.

Table: Land market situation in 40 large and medium-sized cities (city level).

Data source: China Index Data CREIS

Table: TOP 10 land transfer fees.

Data source: China Index Data CREIS

Top 5 residential land total price: Guangzhou's plot leads, with four cities from cni zhujiang index in the top 5.

In the top 5 for land transfer fees, first-tier cities account for only one plot, while there are four plots that exceed 2 billion yuan. The Tianhe Smart City core area AT0305119 plot in Tianhe District, Guangzhou, tops the transfer fee.

Table: National residential transaction total price top 5.

Data source: China Index Data CREIS

Top 5 residential land unit prices: Hangzhou's residential land transaction floor price exceeds 0.04 million yuan, ranking first.

This week, many quality plots were sold in core cities, with the transaction floor price of 40,479 yuan/square meter in Shangcheng District, Hangzhou, taking the top position for residential land unit price.

Table: National residential land floor unit price top 5.

Data source: China Index Data CREIS

Newly launched focus plots.

This week, changzhou launched 10 plots, with a total starting price of nearly 7.5 billion yuan. Guangzhou launched 22 plots, with a total planned building volume of nearly 2.27 million square meters.

Data source: China Index Data CREIS