"Golden Week" New Home Sales Drop 17% Year-on-Year, with Greater Declines in Third and Fourth-Tier Cities
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【财新网】9月各线城市密集出台楼市利好政策，但市场复苏节奏不及预期。今年国庆超长“黄金周”（9月29日至10月6日）期间，全国重点城市新房日均成交面积同比下降17%，较新冠疫情前的2019年同期下降24%。
【Caixin】Despite a flurry of favorable real estate policies introduced in various cities across China in September, the market's recovery pace has been slower than expected. During the extended "Golden Week" national holiday (from September 29 to October 6), the daily average transaction area for new homes in key cities nationwide fell by 17% year-on-year, and was down 24% compared to the same period in 2019, before the Covid-19 pandemic.
国庆假期期间，全国楼市成交面积同比下降，且分化加剧，仅一线城市的成交面积同比增长。于10月7日发布数据显示，一线城市共成交新房33.3万平方米，同比上涨62%。其中，上海和广州的成交面积同比大幅上涨，而北京和深圳则同比下降31%和46%。
During the National Day holiday period, the total area of property transactions across China fell year-on-year, with an increasing divergence observed. Only first-tier cities saw a year-on-year increase in transaction volume. Data released on October 7 showed that a total of 333,000 square meters of new homes were sold in first-tier cities, marking a 62% increase from the same period last year. Among these cities, Shanghai and Guangzhou saw significant increases in transaction volumes, while Beijing and Shenzhen experienced declines of 31% and 46%, respectively.
14个重点二线城市国庆期间新房成交面积为86.1万平方米，日均成交面积同比下跌14%。三四线城市的成交面积同比跌幅最大，17个典型城市在国庆假期共成交新房28.2万平方米，同比下跌50%。
During the National Day holiday period, new home transactions in 14 key second-tier cities in China totaled 861,000 square meters, a daily average decrease of 14% year-on-year. The most significant drop was seen in third and fourth-tier cities, where the transaction area fell by half compared to the same period last year. In total, 17 typical cities sold only 282,000 square meters of new homes during the holiday period, a year-on-year decline of 50%.
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