March's "Little Spring Sunshine," why didn't Fuzhou's new home transaction volume see a significant month-on-month increase?

Last week, in Fuzhou’s five urban districts, only the Xinrong Yunxing project obtained a pre-sale permit for commodity residential units, totaling 116 units, with a supply area of about 19,200 sq m and a pre-sale price of 29,543 yuan/sq m. On March 20, Xinrong Heyan obtained its initial permits, totaling 92 units, with a pre-sale area of 12,800 sq m and a pre-sale average price of 35,000 yuan/sq m. There was no supply of commodity housing in Minhou.

Last Friday, sales of ordinary residential homes in the five districts rose slightly month-over-month. They have increased for three consecutive weeks. The main transaction project was Jianfa Guomao Wangyue, and its transaction average price rose significantly month-over-month. This week, sales of ordinary residential homes in Minhou increased slightly month-over-month. Guomao Jiangyu Yuan was the main transaction driver, and its transaction average price edged up slightly month-over-month.

Evidently, compared with second-hand housing, the month-over-month increase in sales volume for new homes in March was not obvious. Of course, new-home online contract filings have a certain lag. The sales volume of some high-quality projects did increase compared with before the year, and this will be reflected in subsequent online filing data.

Land supply:

Last week, Lianjiang supplied 1 parcel of residential land, located in Lianjiang’s old city area, with total construction of 60,300 sq m. The starting bid floor price was 6,277 yuan/sq m, and it is scheduled for auction on April 15.

Last week, in the five urban districts, only the Xinrong Yunxing project obtained a pre-sale permit for commodity housing, totaling 116 units, with a supply area of about 19,200 sq m and a pre-sale price of 29,543 yuan/sq m; on March 20, Xinrong Heyan obtained its first permits, totaling 92 units, with a pre-sale area of 12,800 sq m and a pre-sale average price of 35,000 yuan/sq m. There was no supply of commodity housing in Minhou.

Last week, new supply for ordinary residential homes in Fuzhou’s five urban districts was 19,200 sq m. On the transactions side, transaction volume rose slightly month-over-month. The main transaction project was Jianfa Guomao Wangyue, and the transaction average price rose noticeably month-over-month.

Last week, ordinary residential homes in Minhou remained in a sustained supply cutoff. On the transactions side, transaction volume rose slightly month-over-month. 【Guomao Jiangyu Yuan】 was the main transaction project, and the transaction average price edged up slightly month-over-month.

Five urban districts:

173 units of ordinary residential homes transacted

21,500 sq m of transaction area

Transaction average price: 26,493 yuan/sq m

Minhou:

36 units of ordinary residential homes transacted

3,800 sq m of transaction area

Transaction average price: 11,376 yuan/sq m

Last week, Jianfa Guomao Wangyue ranked first in the weekly champions by transaction area. Among the TOP10, multiple projects from the Jin’an District made the list, with relatively strong performance.

Last week, the SOHO market in Fuzhou’s five urban districts continued to have a small transaction scale, with only 4 units transacted. The main transaction project was Vanke Yuncheng, and its average price fell sharply month-over-month. In Minhou, the SOHO market saw 19 units transacted, with a significant month-over-month increase in transactions. The main transaction project was Zhengxiang Xuelin Fengmao. Affected by this, the average price rose slightly month-over-month.

Five urban districts:

4 units of ordinary residential homes transacted

0.02 million sq m of transaction area

Transaction average price: 10,949 yuan/sq m

Minhou:

19 units of ordinary residential homes transacted

0.08 million sq m of transaction area

Transaction average price: 8,091 yuan/sq m

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