In May, the land market in core cities maintained a certain level of popularity, but the margins weakened, the China Index Academy (CIA) released a report saying. The annual growth rate of residential land transfer fees in 300 cities narrowed, with quality sites in cities like Hangzhou, Beijing, Shanghai and Chengdu continuing to take out higher premiums.

During the Dragon Boat Festival holiday, many regions continued their prior promotional activities, but overall market performance was flat. Currently, weak expectations for household employment income remain the primary factors constraining the release of home purchase demand.

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Entering June, property market policies are expected to maintain a loose tone, focusing on the implementation progress of policies like urban village renovation. As the mid-year sales node approaches, developers are likely to accelerate their launch pace and increase promotional efforts.

Coupled with the entry of 'good houses,' new home sales in core cities may receive some support, but differentiation between cities and between new and old projects will continue.