According to the CITIC Construction Investment Research Report, the year-on-year decline in sales area and price of new homes in July was narrower than in June, and the decline in completed area narrowed significantly. Second-hand housing prices in 70 large and medium-sized cities were divided, and core cities took the lead in stabilizing; in July, overall second-hand housing prices in 70 cities fell 0.3% month-on-month, while Shanghai and Guangshen both rose month-on-month. Among them, Shanghai has been rising for 5 consecutive months, compared to 4 months in Guangzhou and Shenzhen. Beijing has introduced a new property market policy, and the amount of provident fund loans has been greatly increased. The new Beijing property market policy is expected to increase the activity of the property market. In terms of land, first-tier cities are leading in supply, and housing enterprises are more willing to make up their holdings in core cities. In July, the premium rates for residential land transactions in Tier 1, 2, and 3 cities were 18%/9%/3%, respectively. As inventory removal continues to advance, the area of commercial housing for sale nationwide fell 0.8% year on year as of the end of July, and has been declining for 5 consecutive months.

According to the CITIC Construction Investment Research Report, the year-on-year decline in sales area and value of new homes in July was narrower than in June, and the decline in completed area narrowed significantly. Second-hand housing prices in 70 large and medium-sized cities were divided, and core cities took the lead in stabilizing; in July, overall second-hand housing prices in 70 cities fell 0.3% month-on-month, while Shanghai and Guangshen both rose month-on-month. Among them, Shanghai has been rising for 5 consecutive months, compared to 4 months in Guangzhou and Shenzhen. Beijing has introduced a new property market policy, and the amount of provident fund loans has been greatly increased. The new Beijing property market policy is expected to increase the activity of the property market. In terms of land, first-tier cities are leading in supply, and housing enterprises are more willing to make up their holdings in core cities. In July, the premium rates for residential land transactions in Tier 1, 2, and 3 cities were 18%/9%/3%, respectively. As inventory removal continues to advance, the area of commercial housing for sale nationwide fell 0.8% year on year as of the end of July, and has been declining for 5 consecutive months.