Major Real Estate Events | Weekly Highlights Review (05.06-05.09)

【New Developments】

Weekly Sales Champion: Shougang Jingrui Chang’an Achieves 847 Million Yuan in Sales

April 27 - May 3, Beijing’s commercial residential transactions totaled 889 units, with a transaction amount of 6.825 billion yuan. Among them, Shougang Jingrui Chang’an, located in the core area of Shijingshan New Shougang, achieved 138 units, 13,800 square meters, and 847 million yuan, becoming the “triple crown” winner last week in Beijing for units, area, and amount.

Jingrui Chang’an plans a total of 7 buildings, 7-11 floors, with 379 villa units, two households per elevator, targeting low-density rigid demand and renovation products. The main unit types are 88/92/100㎡ three-bedroom apartments, with a small number of 111/123/125㎡ four-bedroom units, equipped with 1.8-meter deep large balconies, north-south double balconies for expanded space, with an average efficiency of about 95%, and a maximum utilization rate of 99%. The focus is on offering “more rooms” within the same size range.

China State Construction Smart Land Sun Palace Project Plans to Build 139 Residential Units, Estimated Total Price per Unit Over 30 Million Yuan

The Sun Palace land parcel, acquired by China State Construction Smart Land in September last year for 4.3145 billion yuan, has new developments. On May 6, the Chaoyang Planning and Natural Resources Bureau announced the project plan for the Sun Palace New District D Zone Land First Development Project CY00-0215-0627. According to the announcement, the project will include commercial residential, commercial, and public service facilities, with a total land area of about 1.94 hectares and a total construction area of 89,814.68㎡, including 53,914.68㎡ above ground (with elevated floors, rain corridors, subway entrances, and wind pavilions totaling 3,353㎡, not counted in the floor area ratio); underground construction area of 35,900㎡. The floor area ratio is 2.6, with a maximum building height of 77.05 meters.

It is reported that the project plans to build 4 residential buildings, 15-22 floors, all facing due south or north, totaling 139 units. The first floors of all four buildings have partial elevated sections, with floor heights of 3.3-3.5 meters. There are only 139 units, with an average size of 309.16㎡, and an estimated total price per unit over 30 million yuan.

【Land】

Zhu Xin Zhuang Land in Changping to be Auctioned on June 11, Starting Price 909 Million Yuan

On May 7, the Zhu Xin Zhuang land parcel in Changping entered the pre-application process and was officially listed the next day. The auction will be held on June 11, with a starting price of 909 million yuan. The project covers 2.35 hectares, with a planned above-ground construction area of 53,300㎡. It includes two sub-parcels: 0801-0055, a residential land, covering 1.27 hectares, with an above-ground construction area of about 31,800㎡, floor area ratio of 2.5, and a height limit of 80 meters. It requires the construction of one community comprehensive service building, approximately 150㎡ above ground. The east side parcel 0801-0057 is a multifunctional land, covering 1.07 hectares, with an above-ground construction area of 21,500㎡, floor area ratio of 2.0, also with a height limit of 80 meters.

The land is located between the Fifth and Sixth Ring Roads in Changping District, in Shigezhuang Street and Shahe Town, adjacent to the Zhu Xin Zhuang Station of the interchange between Metro Line 8 and Changping Line. Surrounding amenities include Wanda Plaza, Beijing Super Hyper Shenghui, Beijing Jishuitan Hospital (Huilongguan Campus), and Zhixin Park.

Beijing Releases 2026 Fourth Round List of Proposed Commercial Residential Land, Involving 5 Parcels in Fengtai, Tongzhou, Daxing, and Changping Districts

On May 7, the Beijing Municipal Planning and Natural Resources Commission released the list of proposed land for commercial residential supply in the fourth quarter of 2026. A total of 5 parcels are involved, covering about 14 hectares, with a construction scale of approximately 290,000㎡. These parcels are scheduled for supply soon. All projects are located near subway stations, focusing on mature areas in the central city while also addressing regional demand in multiple locations. Among them, 2 parcels are in Fengtai District, and one each in Tongzhou, Daxing, and Changping Districts.

China Resources Land Acquires Shenzhen Longgang Dayun Land Parcel for 7.045 Billion Yuan

On May 6, China Resources Land won the G01046-0106 land parcel in Longcheng Street, Longgang District, Shenzhen, at the base price of 7.045 billion yuan, equivalent to a floor price of about 14,776 yuan per square meter. The G01046-0106 parcel is located in the Dayun area, designated as a second-class residential land, commercial land, and urban road land. The land area is about 170,000㎡, with a total building area of up to 476,800㎡.

The parcel is adjacent to the Dayun North Station of the Shenzhen-Huizhou Intercity Railway, allowing integrated design with the development project. Residential construction must start within 1 year of contract signing and be completed within 4 years. Commercial and hotel developments must start within 2.5 years and be completed within 6 years, indicating a tight development schedule. Additionally, it is near Longcheng Park Station, with top-tier public amenities such as the Dayun Center and high-quality schools.

【Market】

Beijing Real Estate Market Activity Rises, Second-Hand Home Transactions Reach Near 5-Year High

During this year’s “May Day” holiday, amid the implementation of multiple new housing policies in various cities, market activity increased. In Beijing, the second-hand housing market continued its hot streak since April, with transaction volume and viewing numbers rising steadily. The latest data shows that during the first four days of the “May Day” holiday, second-hand home transactions in Beijing increased by 72% year-on-year, demonstrating strong market performance. In April alone, second-hand transactions reached nearly 18,000 units, the highest for the same period in nearly five years.