The Shenzhen real estate market is the most cost-effective and has the greatest potential in the country.

Beijing and Shanghai are both great, but only Shenzhen is experiencing structural pressure.

On June 5th, a residential land in Nanshan, Shenzhen was auctioned after 291 rounds of bidding, with Poly finally acquiring it for a total price of 5.772 billion yuan, equivalent to a floor price of 108,700 yuan/sqm, with a premium rate as high as 150.74%.

Last weekend, two new developments in Longhua, Shenzhen, also sold extremely well after their launch, with total sales of about 2.8 billion yuan, and importantly, one of the properties had a transaction price that was not low, with an average price above 80,000 yuan/sqm.

In March: online signings for new and second-hand residential properties reached 7,898 units, a month-on-month increase of 117%, setting a new high for transactions in nearly 11 months.

In April: online signings for new and second-hand residential properties reached 9,044 units, a month-on-month increase of 15%, breaking 9,000 units again after 12 months.

In May: online signings for new and second-hand residential properties reached 10,100 units, surpassing the 10,000 unit mark after 13 months.

In May, the average transaction price for second-hand homes in Shenzhen has returned to above 60,000 yuan/sqm, showing a month-on-month increase of 5%.

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