Housing prices for new homes in Guangzhou have been rising for 5 months. Recently, data on commercial residential sales prices in 70 large and medium-sized cities released by the National Bureau of Statistics shows that in July, the first-hand residential sales price index in Guangzhou was 100.1. This is the fifth consecutive month since March of this year that the price of newly built commercial housing in Guangzhou has risen sequentially, and the steady trend in the market continues to consolidate. Behind this is the market performance of many new housing projects that exceeded expectations during the off-season. Poly Yunrui, located in Baiyun District, was eliminated by over 90% when it first opened at the end of June, reaching 1.5 billion yuan in subscription amount, and became the “triple crown” of Guangzhou's online subscription in July, accounting for nearly 30% of Baiyun District's market share. Poly Haiyun, which is also popular, launched 396 apartments when it first opened in mid-May, subscribed 268 units on the opening day, with a subscription rate of 68%, and continued to lead Haizhu District in July-August. With good sales momentum, many projects have recovered previous discounts. According to market news, in July, Poly Yunrui retracted the 98 percent discount previously opened; Liwan Yijing Bay, a subsidiary of Poly Real Estate, also raised the unit price by 3%; the unit price recently promoted by Julongwan Yuanshe, which is also located in Liwan, also increased by about 2,000 yuan/square meter... Vanke Huangpu New Town Phase IV, which entered the market at the end of July, mainly promoted three to four bedrooms with a reference unit price of about 25,000/square meter, while the average sales price of the project was about 22,000 yuan/square meter. Even though the unit price increased by about 2,500 yuan, more than 90% of the newly promoted listings have been eliminated.

Housing prices for new homes in Guangzhou have been rising for 5 months. Recently, data on commercial residential sales prices in 70 large and medium-sized cities released by the National Bureau of Statistics shows that in July, the first-hand residential sales price index in Guangzhou was 100.1. This is the fifth consecutive month since March of this year that the price of newly built commercial housing in Guangzhou has risen sequentially, and the steady trend in the market continues to consolidate. Behind this is the market performance of many new housing projects that exceeded expectations during the off-season. Poly Yunrui, located in Baiyun District, was eliminated by over 90% when it first opened at the end of June, reaching 1.5 billion yuan in subscription amount, and became the “triple crown” of Guangzhou's online subscription in July, accounting for nearly 30% of Baiyun District's market share. Poly Haiyun, which is also popular, launched 396 apartments when it first opened in mid-May, subscribed 268 units on the opening day, with a subscription rate of 68%, and continued to lead Haizhu District in July-August. With good sales momentum, many projects have recovered previous discounts. According to market news, in July, Poly Yunrui retracted the 98 percent discount previously opened; Liwan Yijing Bay, a subsidiary of Poly Real Estate, also raised the unit price by 3%; the unit price recently promoted by Julongwan Yuanshe, which is also located in Liwan, also increased by about 2,000 yuan/square meter... Vanke Huangpu New Town Phase IV, which entered the market at the end of July, mainly promoted three to four bedrooms with a reference unit price of about 25,000/square meter, while the average sales price of the project was about 22,000 yuan/square meter. Even though the unit price increased by about 2,500 yuan, more than 90% of the newly promoted listings have been eliminated.