Guangxi Real Estate Association: Real Estate Market Sentiment Index Rebounds

2024-10-09 4970 0人评论

  The Guangxi Real Estate Association announced on the 8th that during the National Day holiday, the number of home-viewing visitors, transaction volume, and the market sentiment index in Guangxi's real estate market all rebounded significantly.

  During the National Day holiday, the Guangxi Real Estate Association tracked and monitored 15 key real estate enterprises. According to the statistics, the projects under these 15 enterprises received 18,651 groups of visitors, recorded 2,786 transactions, with a transaction area of 281,458 square meters and a transaction value of 2,522.91 million yuan. Compared with the 2023 National Day holiday, both the cumulative number of visiting customers and the cumulative transaction value achieved positive year-on-year growth.

Photo shows consumers selecting homes at a sales office in Nanning, Guangxi. Photo courtesy of the Guangxi Real Estate Association

  More than half of the 15 real estate enterprises performed impressively. In terms of visiting customers, 9 enterprises achieved positive year-on-year growth; in terms of transaction units, 9 enterprises achieved positive year-on-year growth; in terms of transaction area, 8 enterprises achieved positive year-on-year growth; and in terms of transaction value, 8 real estate development enterprises achieved positive year-on-year growth.

  A relevant person in charge of the Guangxi Real Estate Association said that the industry's sample data were generally optimistic, with daily visits to some projects nearly three times the weekend daily visits before September this year, and transaction volume nearly twice that of last year's National Day Golden Week. Good housing features such as well-designed layouts, zero or negative shared-area allocation, quality landscaping, good community amenities, and good property services have become key considerations for homebuyers.

  Based on a preliminary assessment of the market transaction data during the National Day Golden Week, the marginal effect of favorable policies in promoting market stabilization and recovery is accelerating. At present, departments of the Guangxi Zhuang Autonomous Region People's Government are stepping up coordinated efforts to implement the housing renovation subsidy policy and ensure it is delivered before the end of the year. At the same time, they are intensifying guidance to cities divided into districts to ensure the effective implementation of policy measures such as "one city, one policy" housing purchase tax subsidies, talent housing purchase subsidies, trade-in housing purchase subsidies, and housing provident fund support for home purchases.

  A relevant person in charge of the Guangxi Real Estate Association said that there is a general consensus in the industry that although market recovery and correction still face many difficulties, market confidence on the supply side is returning, and homebuying sentiment on the demand side is shifting from wait-and-see to entering the market. This October is expected to become a watershed for the real estate market's continued improvement and stabilization.

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