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Real-time News
The Bank of Englands mortgage lending approvals for April will be announced in ten minutes.On June 2nd, the Nansha District of Guangzhou held a press conference to release the "Implementation Opinions on Further Promoting the High-Quality Development of the Real Estate Market in Nansha District." The document outlines a special subsidy program for "trade-in" housing in Nansha District. For residents participating in the "trade-in" program between January 1, 2026, and June 30, 2027, a subsidy of 1% of the total purchase price of the newly purchased commercial residential property will be provided, with a maximum subsidy of RMB 20,000 per unit and a total subsidy amount of RMB 30 million, available on a first-come, first-served basis. The document also explores conditional exploration of school enrollment for those purchasing commercial or office properties. It mandates the normalization of "school enrollment through home purchase," allowing for coordinated enrollment upon completion of online contract signing. Each academic year, the district education administration department will coordinate the allocation of district-run public school places (including government-purchased private school places) for non-Nansha residents who purchase newly built commercial residential properties within the districts administrative area for the first grade of compulsory education.June 2nd - According to the "Interim Measures for the Administration of Generative Artificial Intelligence Services", as of June 2nd, 2026, Beijing has added 10 new generative artificial intelligence services that have completed registration, bringing the total number of registered generative artificial intelligence services to 241.June 2nd - According to the China Real Estate Index Systems 100-City Price Index, the average price of new residential properties in 100 cities in May was 17,156 yuan per square meter, up 0.16% month-on-month and 2.03% year-on-year. In May, high-quality new properties entered the market in cities such as Shenzhen, Shanghai, Chengdu, Hangzhou, and Wuhan, supporting the continued structural upward trend in new home prices. Looking at different tiers, in May, new residential property prices in first-tier cities rose 0.26% month-on-month and 5.54% year-on-year. Second-tier cities saw a 0.23% month-on-month increase and a 1.75% year-on-year increase. Third- and fourth-tier cities experienced a 0.14% month-on-month decrease and a 2.60% year-on-year decrease. In terms of the number of cities with price changes, 29 cities saw month-on-month increases, 65 saw decreases, and 6 remained unchanged.June 2nd - According to preliminary statistics from China Index Academy, the transaction area of newly built commercial residential properties in 100 key cities increased by 7% month-on-month in May, but decreased slightly by 2% year-on-year. Among them, first-tier cities saw a year-on-year increase of 10% in May, marking the second consecutive month of growth, although the growth rate narrowed by 8.7 percentage points compared to April. Beijing, Shanghai, Guangzhou, and Shenzhen saw year-on-year increases of 15%, 2%, 7%, and 50%, respectively. Among second-tier cities, Fuzhou, Nanjing, Wuhan, and Ningbo all saw year-on-year growth. Cumulatively, from January to May, the transaction area of newly built commercial residential properties in the 100 cities totaled approximately 86.15 million square meters, a year-on-year decrease of 13%. According to preliminary statistics from China Index Academy, the approved listing area of newly built commercial residential properties in 50 key cities in May decreased by approximately 31% year-on-year. Although some cities still saw high-quality projects entering the market, the overall supply of new homes still declined significantly year-on-year. From January to May, the cumulative listing area of newly built residential properties in these 50 cities decreased by 23% year-on-year.
