Major Real Estate Events | Weekly Highlights Review (03.23-03.27)

【New Developments】

Weekly Sales Leader: China Overseas Haidian · Anlan Beijing Achieves RMB 259 Million in Sales

From March 16 to March 22, Beijing recorded 631 transactions of commercial residential units, with a total sold area of 78,000 sq m and a transaction value of RMB 4.417 billion. Among them, China Overseas Anlan Beijing in Shucun, Haidian, recorded 7 units, 0.18 million sq m, and RMB 259 million—marking the third consecutive week as the citywide net-signing weekly amount champion.

In terms of transaction count, Beijing Urban Construction · Jingneng Yuyuan in Pinggu District ranked first citywide in both net-signing transaction units and area, with 27 units, 0.32 million sq m, and RMB 920 million.

Beijing Manyun one Obtains 135 Units of Supply, Contracted Unit Price Around RMB 55,000

On March 21, the second-phase project of Beijing Manyun one in Beijing’s urban sub-center obtained a pre-sale permit. This 11# residential building was approved for 135 units, with an average price of RMB 67,100 per sq m. In less than 5 days, two low-rise units have already been net-signed, with an area of about 420.99 sq m and an average price of about RMB 55,100 per sq m.

Manyun ONE comprises 11 buildings, including 6- to 23F garden-style and high-rise residences, totaling 623 units, offering improved large-floor-plan apartments. The primary building area ranges from 199 to 350 sq m, with a floor-to-ceiling height of 3.3 meters. One household per floor. As of now, the project has accumulated 215 units under net-signing.

New Launch in Xihongmen: Xingchuang Vientiane Mingzhu Releases Products Ranging from 60 to 130 sq m

Recently, the project name for the Xihongmen 6030 land plot was unveiled—Xingchuang Vientiane Mingzhu. The project covers a land area of 2.46 hectares, with a above-ground planned GFA of 61,500 sq m. The plot ratio is 2.5. It is planned to include 10 buildings of 8- to 17F garden-style and small high-rise residences, with a total of 555 households. The planned GFA ranges from 60 to 130 sq m, with the primary GFA of 91/103 sq m dual-aspect three-bedroom units and 130 sq m four-leaf-clover layout homes. The land was acquired by Xingchuang Land at the end of September 2024 for RMB 2.225 billion at a total price, with a land price of about RMB 36,200 per sq m of floor area, and a sales guidance price of RMB 66,000 per sq m. New developments nearby include Yujing Xingcheng Yuanqi, Xihongmen Oak Bay, and China State Construction Jiuyuefu, among others.

【Land】

Beijing Releases a List of Planned Supply of Commercial Residential Land for the Second Round of 2026: 2 Plots in Tongzhou, 1 in Fengtai, 1 in Huairou

On March 25, the website of the Beijing Municipal Commission of Planning and Natural Resources released the list of planned supply of commercial residential land for the second round of 2026. The list covers 4 plots in total. The land area is about 22 hectares, with a total planned construction scale of about 380,000 sq m. Of these, 1 plot is in the central urban area (Fengtai District), 2 plots are in the sub-center and multi-point areas in the plain regions (Tongzhou District), and 1 plot is in the ecological conservation area (Huairou District).

Plot 0007 of the land development project for the Shantytown redevelopment in Wanqunsi Village, Fengtai District, is located in the Taipingqiao Subdistrict of Fengtai District between the Second and Third Ring Roads. It is near the transfer stations of Metro Lines 14 and 16—Lize Business District Station—and also near the CaohuYing Station on Line 14. Plot TZ01-0101-0001 in Songzhuang Town, Tongzhou District, is located in Songzhuang Town between the Fifth and Sixth Ring Roads. Plots FZX-1103-6002 and 6003 in the 1103 sub-area of Beijing’s urban sub-center are located outside the Sixth Ring Road and are near the planned M101 Line Zhangjiawan East Station. Plot HR00-0103-6001 in Huairou District is located in the 0103 sub-area of Huairou New Town outside the Sixth Ring Road and is near Huairou Railway Station.

Xiamen Land Auctions Total RMB 3.959 Billion: Each of C&D, China Overseas, and COFCO Land Wins 1 Plot

On March 24, Xiamen held auctions for three residential-related land parcels. The total land auction area was 9.21 hectares, with a total planned gross floor area of 180,000 sq m. In the end, C&D, China Overseas, and COFCO Land each won one plot at the reserve price, and the three plots together raised RMB 3.959 billion.

Among them, C&D won the 2026P03 plot in the Lakefront Reservoir Area; COFCO Land won the 2026XP02 plot in the southern part of Xiang’an New City, with a floor price of RMB 12,000 per sq m; and China Overseas won the 2026TP02 plot in the Xike area of An’an, with a floor price of RMB 11,100 per sq m.

【Market】

Shanghai’s Weekly Sales of Secondhand Homes Hit the Highest Level Since 2021, Reaching a Market Peak

On March 22, data from Shanghai’s online real estate system showed that from March 9 to March 15, 7,233 secondhand homes were transacted, up 27% month-over-month, setting the highest weekly transaction record since 2021. The activity level in the secondhand market has reached the same level as when the market hit its peak. As of March 18, Shanghai’s secondhand home transactions totaled about 16.7 thousand units in March, averaging more than 920 units per day. Data from the Shanghai Lianjia Research Institute shows that this year, Shanghai’s secondhand home transaction volume has increased year-over-year by 15%. The more active areas are concentrated in core urban districts such as Huangpu, Changning, and Xuhui, as well as in areas in the suburbs within the radiation range of Lingang New City, including Zhaoqiao, Wanxiang, Xinchang, and other areas.