AI Data Insight
At the end of the third quarter of 2026, the YoY growth rate of the newly built commercial residential price index in Guangjin (corresponding to the Guangzhou indicator) reported at -1.1%, a further narrowing from the previous period's -1.9% decline, approaching a flatline that halts the drop. Benefiting from the new central credit policies and the relaxation of purchase restrictions, the market consensus believes that core tier-1 cities have entered a bottoming-out phase. Looking ahead, policy catalysts are expected to drive a mild recovery at the beginning of the fourth quarter, but the sustainability of overall macroeconomic domestic demand remains the key to medium-term recovery.