"Transaction volumes in the hundreds of billions" are frequently seen, with high-end residential properties in first-tier cities showing strong performance.

Although the overall real estate market is still in an adjustment phase, the high-end residential market in 2025 has emerged with an independent trend. This year, the four first-tier cities of Beijing, Shanghai, Guangzhou, and Shenzhen all had phenomenal high-end residential projects. In the first 11 months of this year, Shanghai Yihao Yuan recorded sales of 22.191 billion yuan, while Shanghai Kerry Golden Court also reached sales of 21.646 billion yuan. Guangzhou Poly Yue Xi Wan opened for sale in November with a single-day sales volume exceeding 10.6 billion yuan; the subsequent opening of "Shenzhen Bay Yun Xi" achieved a single-day sales volume of 13 billion yuan, setting a record for single project sales in China this year. Beijing He Yue Wang Yun also recorded sales of 9.153 billion yuan in the first 11 months of this year. The background of the hot sale of high-end residential properties nationwide is that in the past two years, land market supply has tilted towards core areas, continuously increasing the supply of "prime land"; at the same time, as one of the channels for asset allocation, high-end residential properties have stronger financial attributes, and the logic behind purchasing high-end residential properties is not only for self-use, which also helps to maintain the hot sales of high-end residential properties.