1. During the National Day holiday, hubei's real estate market reaped a super high 'gold content', with a year-on-year increase of 43.1% in sales area of newly built commodity houses.

Recently, hubei province launched the 'Comfortable hubei Golden Autumn Home-buying Season' commodity house promotion activity, coupled with policy bullish, enterprise discounts layered with the long holiday, the total volume of commodity residential transactions in the province significantly rebounded. Data from the hubei Provincial Department of Housing and Urban-Rural Development shows that from October 1st to 7th, the sales area and sales amount of newly built commodity houses in the province increased by 43.1% and 47.2% year-on-year respectively. The sales area and sales amount of newly built commodity houses in wuhan increased by 51.84% and 54.65% year-on-year respectively.

2. New progress in the 'Old for New' program in peking's real estate market: there are 18 new cases of depositing down payments to lock in properties.

The Beijing Real Estate Association disclosed that during the National Day holiday, there were 18 new cases of depositing down payments to lock in properties through the 'Old for New' program. Currently, a total of 82 sets have been locked in with down payments. On September 30th, data released by the Beijing Real Estate Association showed that as of September 20th, 523 people signed up for the peking residential real estate 'Old for New' program, and 62 properties were locked in by homebuyers who paid a deposit, with 2 properties already signed online. Compared to the 31 new commodity housing projects confirmed at the start of the event with over 9,000 properties, there are now 22 additional projects to a total of 53 projects, comprising over 10,000 new housing units participating in the activity. (China Securities Golden Bull)

3. Significant increase in the number of visits to second-hand houses in Beijing compared to the same period last year.

During this National Day holiday, there was a significant increase in the number of visits and transactions of second-hand houses in Beijing. The latest data released by the Ministry of Housing and Urban-Rural Development shows that influenced by the new real estate policies, the willingness to purchase reflected in the number of viewings and visits to second-hand houses in peking increased significantly. From October 1st to 3rd at noon, the number of viewings of second-hand houses in Beijing increased by 104.1% compared to the same period last year. (Beijing release)

4. KE Holdings: During the National Day holiday, both the down payment volume for second-hand houses and the subscription volume for new houses hit the highest levels since 2019.

According to data released today by the KE Holdings Research Institute in Hangzhou, during this year's National Day holiday, compared to the average number of inquiries per day during last year's National Day (which was an 8-day holiday), inquiries for second-hand houses at KE Holdings increased by 114% year-on-year, viewings increased by 102%, down payments for second-hand houses increased by 170%, reaching the highest value since the National Day holiday in 2019. Regarding new houses, inquiries at KE Holdings decreased by 6% compared to last year's National Day daily average, viewings increased by 125%, subscriptions increased by 399%, and the subscription volume also reached the highest level since the National Day holiday in 2019.

5. Ten days after the new policy was implemented, 981 sets were sold in Nansha, Guangzhou.

In just 10 days after the new policy was released, the real estate market in Nansha, Guangzhou, sold a total of 700 new homes and 281 second-hand homes. During the 7-day National Day holiday (October 1st to 7th), a total of 825 properties were sold in Nansha, with 610 new homes and 215 second-hand homes sold. Compared to last year's National Day holiday, the daily average number of transactions increased by 124% for new homes and 88% for second-hand homes. (Securities Times)

6. The sales volume of new homes in Beijing, Shanghai, Guangzhou, and Shenzhen increased several times year-on-year.

This National Day holiday, the real estate markets in Beijing, Shanghai, Guangzhou, and Shenzhen were on fire. During the Beijing holiday period, the number of new homes sold doubled compared to the same period last year, and the transaction volume of second-hand homes reached twice that of last year; in Guangzhou, 80% of new projects experienced a significant increase in visits and transactions, with some areas seeing a more than 500% daily transaction increase over the first three days. In Shenzhen, the sales volume of new homes during the National Day holiday increased by 10 times year-on-year; in Shanghai, the sales area of new homes in the first 6 days before the National Day doubled compared to the same period last year. The frenzy was not limited to Beijing, Shanghai, Guangzhou, and Shenzhen, with numerous stories of home buying happening in prime locations across the country. Some cashed out their stocks with the stock market surge to directly buy property in Chengdu, believing property purchases are the most stable investment; influenced by the hot market conditions and price hikes by real estate developers, some buyers are more inclined to buy at inflated prices, then immediately commit to a purchase; a group of seven sisters collectively invested over tens of millions in real estate in Chongqing. (Yicai)

7. Shanghai issued the "Implementation Opinions on the Construction of Affordable Housing in the City".

Shanghai issued the "Implementation Opinions on the Construction of Indemnificatory Apartments in the City", pointing out that all construction projects for the development and construction of commodity housing on newly granted land (excluding rental housing construction projects) should build indemnificatory apartments and corresponding property parking spaces in a proportion not less than 5% of the total housing construction area of ​​the construction project. It encourages regions with more indemnity objects to further increase the proportion of construction projects. The indemnificatory apartments built should be transferred to the district government-designated institutions free of charge for housing security purposes, and this should be clearly stated in the conditions for the transfer of construction land use rights. For old renovated land and its resource land commodity housing projects, the implementation method of indemnificatory apartment construction can be adjusted, and specific measures will be formulated separately. (Shanghai Municipal People's Government)

8. During the National Day holiday, 2765 sets of commercial housing were sold in Wuhan, a 113% year-on-year increase.

According to data released by the Wuhan Housing and Urban-Rural Development Bureau, from October 1st to 7th this year, the total number of visits to 242 key projects on sale in the city reached 485,000, an increase of 47% from the previous National Day period last year. 2765 units of commercial housing were sold, a 113% year-on-year increase, with a sales area of 310,000 square meters, up by 98.6% year-on-year, and sales amounting to 5.49 billion yuan, a 93% year-on-year increase.

Ke Holdings Chengdu Research Institute: During the National Day, second-hand and new housing transactions in Chengdu Ke Holdings hit a new high for the year.

According to Ke Holdings Chengdu Research Institute's 2024 National Day Chengdu property market brief, on September 28th, the Chengdu property market reached the monthly trading peak, surged again during the National Day holiday, and set a new trading record for the year on October 7th. From October 1st to 7th, compared to the average daily trading volume in September, Chengdu Ke Holdings' second-hand housing transactions increased by about 60%, while new home subscriptions surged by over 3 times. Data disclosed by Ke Holdings showed that as of October 1st to 7th, during the National Day holiday, over 2500 new homes were sold through Ke Holdings channels in Chengdu area. (Securities Times)

Hebei Langfang: Introduces a segmented fixed subsidy policy for home purchases, with a maximum subsidy of 0.015 million yuan for buying new homes.

In order to promote the stable and healthy development of the real estate market, continuously optimize real estate policies, and support residents' rigid and improving housing demands, the main urban area of Langfang City, Hebei Province, from September 22 to December 31 this year, introduced a policy of segmented fixed subsidies for home purchases. During the implementation of the policy, individuals who purchase new commercial housing in Guangyang District, Anci District, Langfang Development Zone, and the Linzhang Economic Zone, apply for the online signing of commercial housing, complete the contract filing, fully pay the deed tax before December 31, 2025, and obtain a tax payment certificate, can enjoy the segmented fixed subsidies for purchasing new commercial housing. Specific subsidies for home purchases are: 5000 yuan/set for purchasing housing below 90 square meters (including 90 square meters); 10000 yuan/set for purchasing housing between 90 and 144 square meters (including 144 square meters); and 15000 yuan/set for purchasing housing above 144 square meters. (Langfang release)

11. Macau: The overall residential housing price index from June to August was 214.5, a year-on-year decrease of 13.6%.

According to data from the Statistics and Census Service of Macau, the latest period (June to August 2024) had an overall residential building price index of 214.5, a decrease of 0.9% compared to the previous period (May to July 2024). The prices in Macau Peninsula (211.3) and Cotai (227.3) dropped by 1.0% and 0.2% respectively. Compared to the same period last year, the latest period saw a yearly decrease of 13.6% in the overall residential building price index, with Macau Peninsula and Cotai experiencing drops of 13.9% and 12.1% respectively.

12. During the 7-day National Day holiday, the daily average sales of commercial housing in Liwan District, Guangzhou City was 78.4 units, a 472% increase from September.

From October 1st to October 7th, a total of 549 units of commercial housing were sold in Liwan District, with an area of approximately 0.0586 million square meters. During the 7-day holiday, the daily average sales of commercial housing were 78.4 units, a 472% increase compared to September’s daily average of 13.7 units; there were 1535 groups visiting daily, a 250% increase from September's daily average of 438 groups. During the National Day week, the sales area of commercial housing in Liwan District accounted for 136% of the average monthly value in the third quarter (July 0.0418 million, August 0.0427 million, September 0.0441 million) at 0.0428 million square meters; the daily average sales area was 8395 square meters, a 475% increase from September's daily average of 1459 square meters. (Guangzhou Daily Xinhuacheng)

In the first 8 months, the residential price index fell by 6.2%. DeTang expects the annual transaction volume of the Hong Kong property market to increase by about 15% year-on-year.

Deutsche Bank held a "2024 Third Quarter Hong Kong Property Market Review and Outlook Conference". Xiao Lianghui, Managing Director of Deutsche Bank Hong Kong, stated at the meeting that the opening of the Fed rate cut cycle, as well as the rebound of the Hong Kong and mainland China stock markets, brought positive signals to the Hong Kong property market. Deutsche Bank expects the market atmosphere and transaction volume of the Hong Kong property market to improve in the fourth quarter of 2024. Li Jianming, Senior Director of Deutsche Bank's Valuation and Advisory Services Department, stated that after this round of rate cuts, the inquiry volume received by Deutsche Bank has slightly increased. Therefore, Deutsche Bank expects market confidence and the transaction volume of Hong Kong residential properties to gradually rise in the fourth quarter of 2024, with the annual transaction volume expected to increase by 15%-20% year-on-year compared to 2023, to about 50,000 units. (21st Century Business Herald)

Fuzhou: Cancelling the standards for ordinary and non-ordinary residences, residential commercial loans no longer distinguish between first and second homes.

The Housing and Urban-Rural Development Bureau of Fuzhou, Fujian Province, and the Natural Resources and Planning Bureau of Fuzhou jointly issued a "Notice on Further Optimizing Real Estate Related Policies". In promoting real estate market transactions, the 'Notice' clearly cancels the standards for ordinary and non-ordinary residences to better meet residents' rigid and diversified improvement housing needs. In terms of optimizing housing credit policies, the 'Notice' proposes that the first-time down payment ratio for individual housing commercial loans in this city be uniformly adjusted to not less than 15%, no longer distinguishing between first and second homes when residents' families apply for commercial individual housing loans, the number of housing units purchased by residents' families in the area where the purchased housing is located is recognized. (Pengpai)

In Jinzhou, Liaoning Province: The maximum amount of provident fund loans has been raised to 1 million yuan, with four types of people eligible for an additional 0.2 million yuan increase.

Liaoning Province, Jinzhou City made further adjustments to the provident fund policy, in terms of increasing the maximum amount of provident fund loans, for single employees or only one of the spouses who regularly contribute to the housing provident fund, the maximum amount of a single housing loan is 0.6 million yuan; for spouses who both regularly contribute to the housing provident fund, the maximum amount of a single housing loan is 1 million yuan. Young people, new immigrants, families with multiple children, and high-level doctoral talents introduced by universities have an additional amount of 0.2 million yuan on the total loan amount eligible as per the policy for family. In addition, for the purchase of housing that meets the standards of star-rated green buildings and ultra-low energy consumption buildings, the amount of the housing loan can be increased by 0.1 million yuan on the total loan amount eligible as per the policy for families. At the same time, for purchasing self-occupied houses for re-trading, the down payment ratio for houses aged 1-30 years (inclusive) should not be less than 30%; for houses aged 31-49 years (inclusive) the down payment ratio should not be less than 50%. (Pengpai)

In Nanning, Guangxi: The minimum down payment ratio for purchasing allocated indemnificatory apartments with provident funds has been adjusted to 15%.

The Housing Provident Fund Management Center of Nanning, Guangxi Zhuang Autonomous Region issued a "Notice on Supporting Depositors to Buy Indemnificatory Housing and Increasing Support for Depositors' Rental Needs", which will be implemented from the date of issuance and valid for two years. The document proposes support for depositors to purchase allocated indemnificatory housing. Depositors who purchase allocated indemnificatory housing within the administrative area of Nanning and employees of the Nanning Housing Provident Fund Center Railway Branch of the China Railway Nanning Bureau Co., Ltd. purchasing allocated indemnificatory housing can apply for personal housing provident fund loans with a minimum down payment ratio adjusted to 15%. (Pengpai)