"Billion" transactions frequently occur, high-end residential properties in first-tier cities are strong

Despite the overall adjustment phase of the real estate market, the high-end residential market has already emerged with an independent trend in 2025. This year, the four first-tier cities of Beijing, Shanghai, Guangzhou, and Shenzhen have all seen phenomenal high-end residential projects: In the first 11 months of this year, Shanghai One Number Court recorded sales of 22.191 billion yuan, and Shanghai Kerry Jinling Huating also reached 21.646 billion yuan in sales. Guangzhou Poly Yuexi Bay achieved a single-day sales of over 10.6 billion yuan when it opened in November this year; the subsequent launch of "Shenzhen Bay Luanxi" achieved a single-day sales of 13 billion yuan, setting a new national single-project sales record for this year. Beijing HeYue WangYun also recorded sales of 9.153 billion yuan in the first 11 months of this year