The Guangzhou real estate market has shown clear signs of recovery this year. In March, both the volume and price of new homes increased, and this positive trend continued into April. Data from the National Bureau of Statistics indicates that Guangzhou's new home sales prices rose by 0.3% month-on-month in March. During the same period, the city recorded 7,059 online signings for new homes, representing a month-on-month surge of 241% and a year-on-year increase of 26.67%, leading the growth rates among first-tier cities in both transaction volume and price.
Entering April, the Guangzhou market maintained a stable yet upward trend. According to institutional monitoring, weekly new home transactions in mid-April rebounded by 5.4% compared to the previous period. Visitor traffic and subscriptions for projects in core areas remained high. In terms of regional performance, Tianhe District, as the core urban area of Guangzhou, led the city in sales activity. In March, the number of new home transactions in Tianhe District surged by over 500% month-on-month, the highest increase among the city's 11 districts, making it the strongest pillar of the current spring rally in Guangzhou's property market.
The inventory digestion cycle in key sub-markets within the district continues to shorten, with demand for improved housing units being concentratedly released. Several high-quality projects have experienced robust sales. Among them, the benchmark project Yuejingtai in the Guangtang Innovation City sector has delivered an outstanding performance. Leveraging its comprehensive advantages in location, amenities, and product quality, the project achieved robust sales of 980 million yuan shortly after its initial launch in mid-March, topping the charts in Tianhe District for both the area and number of new home online signings in March.
The project's popularity continued into April, with a weekly average of over 1,000 visitor groups. As of April 22nd, the total number of online signings had exceeded 120. Industry experts analyze that the rapid sales pace of Yuejingtai is not coincidental. On one hand, the project occupies a scarce location in Tianhe's main urban area, supported by solid value foundations including sci-tech innovation industries, transportation, commerce, and educational facilities. On the other hand, current homebuyer demand has become more rational, with projects that meet the "good house" construction standards and offer reliable amenities gaining easier market acceptance.
Looking ahead, experts believe that driven by sustained policy support, gradually recovering market confidence, and continuously improving product quality, the warmth in Guangzhou's property market is expected to continue through the May Day holiday. "Good houses" in core locations are likely to remain market hotspots.