First-tier cities have cooled down, and second-tier cities have become a new force

The property market is entering a new round of adjustment cycle. Affected by the tightening of real estate policies in Shanghai, Shenzhen and other places, the real estate market in first-tier cities that had previously had a strong upward trend has cooled down significantly. The latest data recently released by Shanghai Youwei Real Estate Research Center shows that in the week from March to March 3, the transaction area of commercial residential buildings in Shanghai was 30,000 square meters, a decrease from the previous week. The average transaction price was 3 yuan per square meter. , down 3. from the previous week. At the same time, the surrounding first-tier cities and some key second-tier cities have become the new force in this round of price increases. The latest data from the China Index Research Institute shows that housing price data in key monitored cities in March showed that the average price of newly built residences was 1,000 yuan per square meter, rising month-on-month. It has risen for three consecutive months, and the increase has expanded by .3 percentage points from the previous month. It is worth mentioning that among the top ten cities with the highest growth rate, only Shanghai and Shenzhen are first-tier cities, ranking fifth and eighth respectively. Data show that the number of cities with a month-on-month increase in (newly built) residential properties in 100 cities in March was 100, a decrease from the previous month. The top ten increasers are Dongguan, Huizhou, Suzhou, Kunshan, Shanghai, Zhongshan, Hefei, Shenzhen, Baoding and Nanjing. Among them, Dongguan, Guangdong, Huizhou, Guangdong, and Suzhou, Jiangsu led the country with increases of , , and . respectively.
In terms of transaction area, the latest report of Shanghai Yiju Real Estate Research Institute shows that in March this year, the transaction area of new commercial residential buildings in the three typical cities monitored was 30,000 square meters, a month-on-month increase, and a year-on-year increase. The highest monthly transaction level in history. Specifically, among the three cities, except for Shenzhen, which fell slightly, the transaction volume of the other cities all showed a month-on-month growth trend. Hangzhou's month-on-month growth rate was the highest among the three cities, reaching 3.0, followed by Tianjin, with an increase of .
Zhang Dawei, marketing director of Centaline Real Estate, said that under the influence of policy tightening, the investment threshold in first-tier cities has increased, and financial funds have turned to second-tier cities with room for development to make early deployment. Yan Yuejin, research director of the Think Tank Center of E-House Research Institute, said that driven by the skyrocketing prices in first-tier cities, panic transactions have occurred in some cities, and first-tier cities took the lead in tightening policies. Some home buyers are worried that second-tier cities will also tighten policies in the future, so they purchase houses The popularity of transactions is very obvious, with strong characteristics of grabbing profits.