Beijing released concentrated new-home supply in September: authorities issued
16 residential pre-sale permits for 14 projects across seven districts, adding
just over 5,300 units; nine were new launches and Tongzhou supplied more than
1,300 units. Developers increasingly open sales immediately after receiving
permits; subscription levels have been strong and some projects sold at
premiums. Online contract registrations converted rapidly — Beijing Urban
Construction’s Longyue Jingxu recorded over 80% online-signing sales-through
Within 11 days of opening, and Yizhuang Guofu near 59% (data to Oct. 4). With
policy measures continue to take effect, the share of non-Beijing and
multi-child replacement buyers have risen, reducing the potency of pure price
discounts and increasing the importance of product quality. Industry expects a
continued, structural recovery in the latter half of the season with ongoing
project-level divergence.
