1. In 2024, the total transaction amount of second-hand Properties in Shanghai was 747.8 billion with a transaction volume of 0.216 million units.

According to a report released by the Shanghai Lianjia Research Institute on January 8, 2024, the transaction of second-hand Properties in Shanghai has remained active since the fourth quarter of 2024, with monthly transaction volumes exceeding 0.02 million units. According to monitoring data from Shanghai Lianjia, in 2024, the cumulative transaction amount of second-hand Properties in Shanghai reached 747.8 billion yuan, a year-on-year increase of 24%; transaction volume of 0.216 million units, a year-on-year increase of 21%; average total price of 3.46 million yuan/unit, a year-on-year increase of 3%; and average transaction price of 40,897 yuan/square meter, year-on-year stable. Shanghai Lianjia noted that the attention on second-hand Properties in Shanghai has continued to rebound in 2024, with transaction volumes 3.7 times that of new homes, approaching four times since 2020. In addition, the number of clients viewing Properties through Shanghai Lianjia has reached a historic high, increasing nearly 50% compared to 2020. Driven by the active transactions, the transaction prices of second-hand Properties have started to stabilize, with the average transaction price in 2024 remaining year-on-year stable.

2. Property companies release sales 'report cards', with a significant ‘tail effect’ in sales for some companies at the end of the year.

Recently, several property companies have published their sales 'report cards' for December 2024 and the entire year 2024. Some companies have shown a noticeable 'tail effect' in year-end sales. Among them, Beijing Capital Development announced on the evening of January 8 that its sales amount in December 2024 increased by over 70% month-on-month. According to institutional data, in December 2024, the top 100 property companies achieved a sales amount of 451.39 billion yuan, an increase of 24.2% month-on-month and stable year-on-year. (China Securities Journal)

3. Since September 2024, financing for property companies has shown slight recovery.

The China Index Academy recently released a report titled '2024 Financing Review: Continuing Decline, Slight Recovery Since September', indicating that in 2024, the Real Estate Industry achieved bond financing totaling 565.31 billion yuan, a year-on-year decrease of 18.4%. The industry began entering a downward cycle in the second half of 2021, leading to a significant decline in financing scale, a trend that continued in 2024 with larger decreases than the previous year. Since September, influenced by the low base from the previous year, bond financing amounts have turned positive month-on-month, showing a slight recovery for property company financing, though its sustainability remains to be observed.

4. UBS Group: The willingness of mainland residents to buy properties in Hong Kong reaches a record high.

After three consecutive years of decline from 2022 to 2024, UBS forecasts that Hong Kong property prices will level off in 2025 compared to the previous year. Among them, UBS's Hong Kong real estate analyst Liang Zhanjia cited the results of a market survey conducted in the fourth quarter of 2024, which indicated that the willingness of mainland Chinese individuals to purchase Hong Kong property has continuously increased and reached a historic high. UBS predicted in October of last year that Hong Kong property prices would rise by 5% this year. Currently, the firm anticipates that property prices in Hong Kong will remain basically stable compared to 2024, with key factors including: dynamic changes in mortgage rates, rental ROI, support for demand from mainland buyers and the influx of ****s, as well as the long-term supply of residences in Hong Kong approaching its peak. (Caixin)

5. Hong Kong Property: Last year, the registration of second-hand Home Ownership Scheme properties in Hong Kong reached 5,782 cases, setting a new three-year high.

On January 8, the Research Department of Hong Kong Property reported that in 2024, the registration of second-hand Home Ownership Scheme properties in Hong Kong reached 5,782 cases, marking a year-on-year increase of 4.8%, continuing two years of growth, and achieving a new three-year high. Director Wang Pindi noted that this data is based on statistics from the Land Registry. In the segmented registration data, the number of second-hand Home Ownership Scheme properties priced below 4 million yuan significantly increased to 3,168 cases, representing a year-on-year surge of 71.2%, becoming the main factor driving the overall increase in registrations. In contrast, the registration of second-hand Home Ownership Scheme properties priced between 4 million to 5 million yuan declined by 11.7% to 1,786 cases; meanwhile, those priced above 5 million yuan experienced a substantial decline of 49.6%, dropping to 828 cases. In the ranking of registrations for Home Ownership Scheme estates, Tin Shui Wai Tin Shing Court ranked first with 105 registrations, followed closely by Kowloon Bay Regal Garden with 104 registrations, while Ma On Shan Kam Fung Court and Tuen Mun Siu Hong Court tied for third with 102 registrations each, with Kam Fung Court and Siu Hong Court's registrations increasing by 18.6% and 30.8% respectively compared to 2023.

6. Guangdong plans to start the renovation of 2,500 old residential communities in 2024, ahead of schedule for the "14th Five-Year Plan" tasks.

On January 8, the Guangdong Provincial Department of Housing and Urban-Rural Development announced that Guangdong Province actively responds to the decisions and deployments of the Central Committee of the Communist Party and the State Council, earnestly implements the provincial party committee's "1310" specific arrangements, and vigorously promotes the renovation of old urban residential communities to enhance the well-being of residents. In 2024, the province will start renovating 2,500 old residential communities, benefiting 0.6 million households, a new historical high. Between 2011 and 2024, Guangdong Province has renovated 9,200 residential communities, benefiting 2.08 million households, completing the renovation tasks for the "14th Five-Year Plan" ahead of schedule. In 2025, Guangdong will continue to promote the renovation of old urban residential communities, consolidate and deepen existing achievements, promote replicable experiences, encourage exploration of new models and paths, and make a strong finish to the "14th Five-Year Plan", continuously enhancing urban living quality and increasing the sense of gain and happiness among residents.

7. Centaline Property: The number and amount of homes purchased by mainland buyers in Hong Kong reached a record high last year.

Data from Centaline Property shows that in 2024, the number of homes purchased by mainland buyers in Hong Kong reached a record high. A survey conducted by Centaline Property found that buyers identified as "Mandarin Pinyin" individuals bought a total of 11,638 units of first and second-hand private residences, involving a transaction amount of 130.5 billion HKD, representing respective increases of 90% and 67% compared to 2023. Centaline Property indicated that the quantity, amount, and proportion of transactions involving mainland buyers all reached record highs. In 2024, Hong Kong recorded over 47,500 transactions of first and second-hand private residences, with a year-on-year growth of over 20%.

8. Fujian: Encourage eligible cities and counties to introduce purchase subsidies and consumer vouchers during housing exhibitions.

The Fujian Provincial Department of Housing and Urban-Rural Development recently issued several measures to promote a good start for the real estate market in the first quarter of 2025, mentioning innovative sales promotion measures. It encourages eligible cities and counties to introduce purchase subsidies and consumer vouchers during housing exhibitions. Localities are urged to learn from the experiences and practices of places like Xiamen and Nanping, accelerate the implementation of housing ticket arrangements tailored to local conditions, offer rewards such as compensation rights, transitional fees, and deed tax exemptions for purchases within a specified period, and encourage households subject to expropriation to expedite home purchases; promote shared ownership housing and trade-in housing.

9. Report: In 2024, the Real Estate Industry achieved a total bond financing of 565.31 billion yuan, a year-on-year decline of 18.4%.

The China Index Academy recently released a report titled '2024 Financing Review: Continuing Decline, Slight Recovery Since September', indicating that in 2024, the Real Estate Industry achieved bond financing totaling 565.31 billion yuan, a year-on-year decrease of 18.4%. The industry began entering a downward cycle in the second half of 2021, leading to a significant decline in financing scale, a trend that continued in 2024 with larger decreases than the previous year. Since September, influenced by the low base from the previous year, bond financing amounts have turned positive month-on-month, showing a slight recovery for property company financing, though its sustainability remains to be observed.

10. The 30-year mortgage interest rate in the USA approaches the 7% mark, putting pressure on home-buying demand.

Mortgage rates in the USA have risen slightly as the year-end approaches, nearing 7%, with a home application indicator dropping to the lowest level since February, further proving the difficult situation in the Residence market. According to the Mortgage Bankers Association (MBA), as of the week ending January 3, the average contract rate for 30-year mortgages increased by 2 basis points, reaching a six-month high of 6.99%. Over the past four weeks, the cost of financing for home purchases has risen by nearly one-third of a percentage point. The association's home application indicator fell by 6.6%. The Refinancing indicator increased by 1.5%. Although these numbers are seasonally adjusted, they still tend to show significant fluctuations around holiday periods.

11. The total transaction value of Dubai Real Estate in 2024 is approximately 142.4 billion USD, a year-on-year increase of 36%.

On January 9, Dubai's real estate market set a new record in 2024, with both transaction volume and sales significantly increasing. According to the market report released by fäm Properties, the transaction volume for Dubai Real Estate reached 180,900 cases, with a total value of approximately 142.4 billion USD, representing a growth of 36% and 27% compared to 2023, respectively. This growth is primarily attributed to the surge in demand for pre-sale homes and new development projects in the primary market. Developer sales increased by 30%, reaching 91.1 billion USD, indicating sustained demand for new properties. The Industry transaction volume soared by 51%, reaching 119,800 units, reflecting increased buyer confidence and higher developer activity. The average price per square foot steadily rose by 10%, reaching 435 USD. The report noted that the launch of new projects, favorable payment plans, and ongoing residency incentives have successfully attracted foreign investors, driving demand growth. The secondary market also performed strongly, with total resale reaching 51.2 billion USD, a year-on-year increase of 21%. The resale transaction volume grew by 14%, reaching 61,100 units. The strong performance in the secondary market highlights the shift towards immediately available properties, with high rental yields attracting investors. Fäm Properties CEO Firas Al Msaddi stated: "This year has indeed been extraordinary for Dubai's real estate market. Despite uncertainties in the global economy, the surge in transaction volume reflects the resilience of the market. With strong rental demand and continuous interest in Luxury Goods, Dubai's real estate sector continues to attract global investors, solidifying its status as a preferred destination for real estate investment."