Jimu News Reporter Liu Shan Recently, the real estate market has bottomed out and stabilized, stopped falling and stabilized, and demand for improvement continues to be released. Statistics from the Wuhan Municipal Housing and Urban Renewal Bureau show that from October 1 to 31 t

Jimu News Reporter Liu Shan

Recently, the real estate market has bottomed out and stabilized, stopped falling and stabilized, and demand for improvement continues to be released. Statistics from the Wuhan Municipal Housing and Urban Renewal Bureau show that from October 1 to 31 this year, Wuhan’s online registration for new commercial housing reached 10,919 units, exceeding 10,000 units per month for the first time this year.

With the release of a series of favorable policy effects, Wuhan’s property market transactions are also continuing to develop well, and a large amount of demand for house purchases has been released. Projects with big brands, low public shares, and high gifts are more popular. Entering the National Day holiday, Wuhan's property market has started a wave of panic buying. Sales offices are crowded with people, and the number of visits and transactions is gratifying.

After the holidays, the popularity of the property market continues. "The average daily sales volume of the project on working days is close to 10 units, and the existing housing stock is expected to be liquidated next month." According to the salesperson of the Wuchangxu project of China Merchants, the project exceeded 110 units in October, with sales of 600 million yuan. In October, the sales of Longfor Yuhujing also reached 86 units, with sales volume of 350 million yuan. The Jianfa Puyue project, which was first opened on September 28, was 80% sold on that day. On October 21, the project took advantage of the success and launched 3 more buildings, which are selling well again and are being sold out quickly.

Jianfa Puyue Project

Shahu Tianjing Project

On the evening of October 30, "luminous discs" appeared in Wuhan for the first time after this round of new policies in the real estate market. That night, the Shahu Tianjing project located on Zhongbei Road, Wuchang District opened for sale for the first time. Within 2 hours, all 212 new houses opened for sale were sold out, with sales exceeding 1 billion yuan.

Statistics from the Wuhan Municipal Housing and Urban Renewal Bureau show that from October 1 to October 31, the number of new commercial housing units signed online reached 10,919 units. This is also the only month so far this year that Wuhan’s new home sales have exceeded 10,000 units.

In terms of the national market, on November 1, news from the Ministry of Housing and Urban-Rural Development showed that commercial housing transactions in October achieved "double growth" year-on-year and month-on-month. Online signing data from the Ministry of Housing and Urban-Rural Development’s “National Real Estate Market Monitoring System” show that the continuous year-on-year decline in sales area of ​​commercial housing has reached an inflection point. The sales area of ​​commercial housing exceeded the "Golden Nine" compared with the "Silver Ten".

Zhu Tian, ​​General Manager of New Housing in Central China Region of Beike, analyzed that after the policy package was introduced one after another, the activity of viewing houses and the willingness to buy houses increased significantly in October, and confidence has rebounded. The demand for improvement in Wuhan’s property market is particularly active, and impulse buying of houses has changed from the past to the present. Buy a house rationally. At the same time, from the perspective of real estate companies, the removal effect of general projects is still not satisfactory. Newly listed projects with good products, good locations, moderate prices, low public shares, and high gifts have attracted more attention and the flow rate has accelerated significantly. "Although this demand for improvement has been concentrated during this period, it will always exist in the future." Zhu Tian said that customers need to be impressed and attracted before they make a move.

"The country, provinces and municipalities have successively issued a series of policies to support housing consumption, and at the same time, some high-quality residential and high housing acquisition rate projects have been launched one after another, accurately promoting the release of demand." Li Guozheng, director of the Market Research Center of the China Index Research Institute (Central China) think.

(Source: Jimu News)

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