Middle Finger Research Institute: In June, new home prices in 100 cities maintained a slight structural increase, while second-hand home prices continued to fall, with a month-on-month decrease of 0.75%.

Recently, the China Real Estate Research Institute released the research report on the real estate market for June. According to the survey data of the China Real Estate Index System's prices index for new and second-hand residential sales markets in 100 cities and rental markets in 50 cities across the country: In June, the average price of second-hand homes in 100 cities was 13,691 yuan per square meter, a month-on-month decrease of 0.75% and a year-on-year decrease of 7.26%. Currently, most cities are continuing the trend of "price-for-volume" in the second-hand housing market. The average price of new homes in 100 cities was 16,847 yuan per square meter, with a month-on-month structural increase of 0.19% and a year-on-year increase of 2.59%, driven by the entry of high-quality improvement projects in some cities. In terms of rental housing, influenced by the graduation season of universities, the demand for rental housing in key cities increased in June, and the average rent for housing in 50 cities decreased by 0.27% month-on-month and 3.71% year-on-year. Data Source: China Real Estate Data CREIS (Click to view) Market Monitoring: https://u.fang.com/ytcrnn/ For more real estate market research reports, access "China Real Estate Cloud" at https://u.fang.com/ytcrnn/ In June, the prices of new homes in first-tier cities rose month-on-month, while the price declines for second-hand homes were relatively small. In terms of second-hand residential properties, in June, the prices in first-tier cities dropped by 0.56% month-on-month, with a relatively small decline; second-tier and third- and fourth-tier cities saw month-on-month declines of 0.81% and 0.76% respectively. For new residential properties, in June, the prices in first-tier cities increased by 0.67% month-on-month. In the first-tier cities, four cities saw an increase in housing prices, with Shanghai and Beijing ranking second and third in terms of the month-on-month price increase due to the projects like Runyun Jinmao Mansion and Jianfa Haiyan entering the market. The prices of new homes in second-tier cities fell by 0.02% month-on-month, but Hefei topped the list with the highest increase in new home prices due to the high-end improvement projects like Weixing T10. The prices of new homes in third- and fourth-tier cities decreased by 0.13% month-on-month. The State Council has set a tone for further efforts to stabilize the real estate market, and it is expected that policies will further enhance in the second half of the year. In terms of policies, on June 5th, the Ministry of Finance and the Ministry of Housing and Urban-Rural Development issued the Results Announcement of the Central Finance Support in Implementing Urban Renewal Actions in 2025, clearly stating that central finance will support 20 cities including Beijing and Tianjin to implement urban renewal actions this year. On the 13th, the State Council pointed out that "building a new development model for the real estate sector is of great significance for promoting stable, healthy, and high-quality development of the real estate market. We must focus on the long term, adhere to the principles of stability for progress and reform after establishing, and orderly build the relevant basic systems. We must solidly and vigorously promote the construction of quality housing, incorporate it into the urban renewal mechanism, strengthen work coordination, and provide policy support in planning, land, finance, and finance. Finance and other aspects. We need to conduct a survey of the existing land supplied for real estate and ongoing projects nationwide, further optimize existing policies, enhance the systematic and effective implementation of policies, stabilize expectations, stimulate demand, optimize supply, and resolve risks through multiple measures, and promote the real estate market to stabilize and rebound with greater efforts." At the local level, Xi'an has put forward 12 measures to promote the healthy development of the real estate market, including optimizing land supply, promoting the construction of "good houses," and increasing support for housing provident funds. Guangxi and Guangzhou have introduced special actions to stimulate consumption, supporting housing consumption from the direction of urban village transformation and optimizing provident fund policies. Among them, Guangzhou reiterated the comprehensive cancellation of purchase restrictions, sales restrictions, and price restrictions, lower down payment ratios, and interest rates. Zhejiang issued the second batch of special bonds to repurchase existing unsold commercial houses. Anhui, Shandong, Hunan, and other places issued special bonds to reclaim and repurchase idle land. Shenzhen, Chengdu, and other places have optimized provident fund policies, with Shenzhen supporting the withdrawal of provident funds to pay for down payments and promoting cross-regional mutual recognition and mutual loans of provident funds. Overall, on June 13, the State Council emphasized the need to "further push for the stabilization and rebound of the real estate market" and "stabilize expectations, stimulate demand, optimize supply, and resolve risks through multiple measures," which released a positive signal. It is expected that governments at all levels will work fully to implement the policies that have been introduced, including further improvement and implementation of policies for repurchasing idle land with special bonds, repurchasing existing unsold commercial houses, and intensifying efforts in the resettlement of urban village renovations. In addition, financial support policies related to urban renewal are also expected to continue to advance. Urban Typical Sample Projects In June, the State Council emphasized the need to "solidly and vigorously promote the construction of 'good houses'" and to incorporate "good houses" into the urban renewal mechanism to enhance work coordination. In response, real estate companies should focus on improving product quality, creating high-quality housing products to meet consumers' demands for improved housing. In this context, the China Real Estate Research Institute, based on the theoretical system and framework of the China Real Estate Index System, selected typical sample projects with strong visibility and extensive influence in cities to conduct research on major city sample projects based on the principles of "typicality," starting from sales performance, project quality, brand strength, and other dimensions, to arrive at the "2025 January-June Typical Sample Projects in Cities," providing industry benchmarks for reference. The "2025 January-June Typical Sample Projects in Cities" are mostly high-quality projects with representative and dynamic development trends in various regions. In the future, real estate companies need to continuously strengthen their innovative capabilities and delve deeper into the differentiated demands of different customer groups, actively creating benchmarks that demonstrate the industry's exemplary effects to promote high-quality development in the industry. The rise and fall rates of new residential prices in 100 cities in June The rise and fall rates of second-hand residential prices in 100 cities in June The rise and fall rates of rental prices in 50 cities in June