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【楼市复盘 008】天津楼市1-2月:政策宽松周期下的核心资产回暖与结构性分化

发布于 2025-02-21

<p style="-webkit-tap-highlight-color: transparent;outline: 0px;text-align: center;line-height: 2em;visibility: visible;"><br /></p><p style="text-align: left;margin-bottom: 0px;margin-left: 16px;margin-right: 16px;"><span style="font-size: 17px;"><strong><strong style="-webkit-tap-highlight-color: transparent;outline: 0px;color: rgb(34, 34, 34);font-family: -apple-system, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif;letter-spacing: 0.544px;text-align: left;background-color: rgb(255, 255, 255);visibility: visible;"><span style="-webkit-tap-highlight-color: transparent;outline: 0px;font-size: 45px;letter-spacing: 0px;visibility: visible;">01&nbsp;</span></strong></strong></span><span style="font-size: 20px;"><strong>政策面</strong></span></p><section style="margin: 0px 0px 24px;line-height: 1.6em;text-align: justify;text-indent: 0em;"><strong><span style="font-family: 微软雅黑;font-size: 17px;letter-spacing: 0.578px;text-decoration: none solid rgba(0, 0, 0, 0.9);">宽松周期持续,工具箱全面发力</span></strong></section><p style="text-align: left;margin-left: 16px;margin-right: 16px;"><strong style="letter-spacing: 0.034em;"><strong style="-webkit-tap-highlight-color: transparent;outline: 0px;color: rgb(34, 34, 34);font-family: -apple-system, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif;text-align: left;background-color: rgb(255, 255, 255);letter-spacing: 0.5px;font-size: 16px;"><span style="-webkit-tap-highlight-color: transparent;outline: 0px;color: rgb(136, 136, 136);letter-spacing: 3px;font-family: Optima-Regular, PingFangTC-light;">—</span></strong></strong></p><section style="margin: 0px 0px 24px;line-height: 1.6em;text-align: justify;text-indent: 0em;"><strong><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;letter-spacing: normal;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: Symbol;"></span></span></span></strong></section><section style="margin: 0px 0px 24px;line-height: 1.6em;text-align: justify;text-indent: 0em;"><strong><span style="font-family: 微软雅黑;font-size: 16px;letter-spacing: normal;text-decoration: none solid rgba(0, 0, 0, 0.9);">限购松绑:</span></strong><span style="font-family: 微软雅黑;font-size: 16px;letter-spacing: normal;text-decoration: none solid rgba(0, 0, 0, 0.9);">全域取消住房限购政策(含非户籍),新房限售2年取消,二手房转让无持有时间限制,政策宽松力度达近十年峰值。</span><strong><span style="font-family: 微软雅黑;font-size: 16px;letter-spacing: normal;text-decoration: none solid rgba(0, 0, 0, 0.9);"></span><span style="font-family: 微软雅黑;font-size: 16px;letter-spacing: normal;text-decoration: none solid rgba(0, 0, 0, 0.9);"><o:p></o:p></span></strong></section><section style="margin: 0px 0px 24px;line-height: 1.6em;text-align: justify;text-indent: 0em;"><strong><span style="font-family: 微软雅黑;font-size: 16px;letter-spacing: normal;text-decoration: none solid rgba(0, 0, 0, 0.9);">金融支持:</span></strong><span style="font-family: 微软雅黑;font-size: 16px;letter-spacing: normal;text-decoration: none solid rgba(0, 0, 0, 0.9);">首套商贷利率降至3.15%(LPR-45BP),首付比例统一15%;公积金首套利率2.85%,家庭最高贷款额度120万元。</span><strong><span style="font-family: 微软雅黑;font-size: 16px;letter-spacing: normal;text-decoration: none solid rgba(0, 0, 0, 0.9);"></span><span style="font-family: 微软雅黑;font-size: 16px;letter-spacing: normal;text-decoration: none solid rgba(0, 0, 0, 0.9);"><o:p></o:p></span></strong></section><section style="margin: 0px 0px 24px;line-height: 1.6em;text-align: justify;text-indent: 0em;"><strong><span style="font-family: 微软雅黑;font-size: 16px;letter-spacing: normal;text-decoration: none solid rgba(0, 0, 0, 0.9);">税费优惠:</span></strong><span style="font-family: 微软雅黑;font-size: 16px;letter-spacing: normal;text-decoration: none solid rgba(0, 0, 0, 0.9);">140㎡以下首套及二套契税统一1%,宁河区推出总房款1%购房补贴(最高3万元),叠加“卖旧换新”个税返还政策。</span><strong><span style="font-family: 微软雅黑;font-size: 16px;letter-spacing: normal;text-decoration: none solid rgba(0, 0, 0, 0.9);"></span><span style="font-family: 微软雅黑;font-size: 16px;letter-spacing: normal;text-decoration: none solid rgba(0, 0, 0, 0.9);"><o:p></o:p></span></strong></section><section style="margin: 0px 0px 24px;line-height: 1.6em;text-align: justify;text-indent: 0em;"><strong><span style="font-family: 微软雅黑;font-size: 16px;letter-spacing: normal;text-decoration: none solid rgba(0, 0, 0, 0.9);">供需优化:</span></strong><span style="font-family: 微软雅黑;font-size: 16px;letter-spacing: normal;text-decoration: none solid rgba(0, 0, 0, 0.9);">2025年计划新增配售型保障房7505套,核心区土地供应缩量(容积率≤1.0地块占比超80%)。</span><strong><span style="font-family: 微软雅黑;font-size: 16px;letter-spacing: normal;text-decoration: none solid rgba(0, 0, 0, 0.9);"></span><span style="font-family: 微软雅黑;font-size: 16px;letter-spacing: normal;text-decoration: none solid rgba(0, 0, 0, 0.9);"><o:p></o:p></span></strong></section><section style="margin: 0px 0px 24px;line-height: 1.6em;text-align: justify;text-indent: 0em;"><span style="font-family: 微软雅黑;font-size: 16px;letter-spacing: normal;text-decoration: none solid rgba(0, 0, 0, 0.9);"></span></section><section style="line-height: 1.6em;text-align: justify;margin: 0px 0px 24px;text-indent: 0em;"><span style="font-size: 16px;letter-spacing: normal;text-decoration: none solid rgba(0, 0, 0, 0.9);"></span></section><section style="text-align: left;margin-bottom: 0px;margin-left: 16px;margin-right: 16px;"><span style="font-size: 17px;"><strong><strong style="-webkit-tap-highlight-color: transparent;outline: 0px;color: rgb(34, 34, 34);font-family: -apple-system, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif;letter-spacing: 0.544px;text-align: left;background-color: rgb(255, 255, 255);visibility: visible;"><span style="-webkit-tap-highlight-color: transparent;outline: 0px;font-size: 45px;letter-spacing: 0px;visibility: visible;">02 </span></strong></strong></span><span style="font-size: 20px;"><strong>资金面</strong></span></section><section style="margin: 0px 0px 24px;line-height: 1.6em;text-align: justify;text-indent: 0em;"><strong><span style="font-family: 微软雅黑;font-size: 17px;letter-spacing: normal;text-decoration: none solid rgba(0, 0, 0, 0.9);">量缩价稳,结构性分化显著</span></strong></section><section style="margin: 0px 0px 24px;line-height: 1.6em;text-align: justify;text-indent: 0em;"><strong><span style="font-family: 微软雅黑;font-size: 17px;letter-spacing: normal;text-decoration: none solid rgba(0, 0, 0, 0.9);"></span></strong></section><p><strong style="font-size: var(--articleFontsize);letter-spacing: 0.578px;text-align: left;"><strong style="letter-spacing: 0.034em;"><strong style="-webkit-tap-highlight-color: transparent;outline: 0px;color: rgb(34, 34, 34);font-family: -apple-system, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif;background-color: rgb(255, 255, 255);letter-spacing: 0.5px;font-size: 16px;"><span style="-webkit-tap-highlight-color: transparent;outline: 0px;color: rgb(136, 136, 136);letter-spacing: 3px;font-family: Optima-Regular, PingFangTC-light;">—</span></strong></strong></strong></p><section style="line-height: 1.6em;text-align: justify;margin: 0px 0px 24px;text-indent: 0em;"><strong><span style="font-size: 16px;letter-spacing: normal;text-decoration: none solid rgba(0, 0, 0, 0.9);"></span></strong></section><section style="margin: 0px 0px 24px;line-height: 1.6em;text-align: justify;text-indent: 0em;"><strong><span style="font-family: 微软雅黑;font-size: 16px;letter-spacing: normal;text-decoration: none solid rgba(0, 0, 0, 0.9);"></span></strong></section><section style="margin: 0px 0px 24px;line-height: 1.6em;text-align: justify;text-indent: 0em;"><strong><span style="font-family: 微软雅黑;font-size: 16px;letter-spacing: normal;text-decoration: none solid rgba(0, 0, 0, 0.9);">1.&nbsp;新房市场</span><span style="font-family: 微软雅黑;font-size: 16px;letter-spacing: normal;text-decoration: none solid rgba(0, 0, 0, 0.9);"><o:p></o:p></span></strong></section><section style="margin: 0px 0px 24px;line-height: 1.6em;text-align: justify;text-indent: 0em;"><strong><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;letter-spacing: normal;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: Symbol;">·&nbsp;</span><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;">量缩价涨:</span></span></span></span></strong><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;letter-spacing: normal;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;">1月新房成交5136套(环比-51.5%),但核心区价格环比+0.3%(和平区均价6.1万/㎡),高端项目(如绿城凤起悦鸣)去化率超90%。</span></span></span><strong><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;letter-spacing: normal;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;"></span></span><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-family: 微软雅黑;font-size: 16px;letter-spacing: normal;"><o:p></o:p></span></span></strong></section><section style="margin: 0px 0px 24px;line-height: 1.6em;text-align: justify;text-indent: 0em;"><strong><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;letter-spacing: normal;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: Symbol;">·&nbsp;</span><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;">库存压力:</span></span></span></span></strong><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;letter-spacing: normal;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;">全市库存去化周期</span>18个月,远郊(武清、宝坻)超24个月,主城区(和平、南开)去化周期&lt;8个月。</span></span></span><strong><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;letter-spacing: normal;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;"></span></span><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-family: 微软雅黑;font-size: 16px;letter-spacing: normal;"><o:p></o:p></span></span></strong></section><section style="margin: 0px 0px 24px;line-height: 1.6em;text-align: justify;text-indent: 0em;"><strong><span style="font-family: 微软雅黑;font-size: 16px;letter-spacing: normal;text-decoration: none solid rgba(0, 0, 0, 0.9);">2.&nbsp;二手房市场</span><span style="font-family: 微软雅黑;font-size: 16px;letter-spacing: normal;text-decoration: none solid rgba(0, 0, 0, 0.9);"><o:p></o:p></span></strong></section><section style="margin: 0px 0px 24px;line-height: 1.6em;text-align: justify;text-indent: 0em;"><strong><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;letter-spacing: normal;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: Symbol;">·&nbsp;</span><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;">量价背离:</span></span></span></span></strong><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;letter-spacing: normal;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;">1月成交6392套(同比+15%),均价1.47万/㎡(环比-0.41%),但核心学区房(如和平区老破小)成交占比超40%,议价空间缩至-1.5%。</span></span></span><strong><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;letter-spacing: normal;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;"></span></span><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-family: 微软雅黑;font-size: 16px;letter-spacing: normal;"><o:p></o:p></span></span></strong></section><section style="margin: 0px 0px 24px;line-height: 1.6em;text-align: justify;text-indent: 0em;"><strong><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;letter-spacing: normal;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: Symbol;">·&nbsp;</span><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;">挂牌优化:</span></span></span></span></strong><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;letter-spacing: normal;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;">库存降至</span>14万套(峰值18万套),河西、南开“零议价”房源占比提升至15%。</span></span></span><strong><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;letter-spacing: normal;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;"></span></span><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-family: 微软雅黑;font-size: 16px;letter-spacing: normal;"><o:p></o:p></span></span></strong></section><section style="margin: 0px 0px 24px;line-height: 1.6em;text-align: justify;text-indent: 0em;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;letter-spacing: normal;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;"></span></span></span><strong><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;letter-spacing: normal;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;"></span></span><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-family: 微软雅黑;font-size: 16px;letter-spacing: normal;"><o:p></o:p></span></span></strong></section><section style="line-height: 1.6em;text-align: justify;margin: 0px 0px 24px;text-indent: 0em;"><span style="font-size: 16px;letter-spacing: normal;text-decoration: none solid rgba(0, 0, 0, 0.9);"></span></section><p style="margin-left: 16px;margin-right: 16px;margin-bottom: 0px;"><span style="font-size: var(--articleFontsize);letter-spacing: 0.578px;text-align: left;color: rgb(0, 122, 170);"><strong><strong style="letter-spacing: 0.578px;"><strong style="-webkit-tap-highlight-color: transparent;outline: 0px;color: rgb(34, 34, 34);font-family: -apple-system, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif;letter-spacing: 0.544px;background-color: rgb(255, 255, 255);visibility: visible;"><span style="-webkit-tap-highlight-color: transparent;outline: 0px;font-size: 45px;letter-spacing: 0px;visibility: visible;">03</span></strong></strong></strong></span><strong style="font-size: var(--articleFontsize);letter-spacing: 0.578px;text-align: left;"><strong style="letter-spacing: 0.578px;"><strong style="-webkit-tap-highlight-color: transparent;outline: 0px;color: rgb(34, 34, 34);font-family: -apple-system, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif;letter-spacing: 0.544px;background-color: rgb(255, 255, 255);visibility: visible;"><span style="-webkit-tap-highlight-color: transparent;outline: 0px;font-size: 45px;letter-spacing: 0px;visibility: visible;">&nbsp;</span></strong></strong></strong><span style="font-size: 20px;"><strong>技术面</strong></span></p><section style="margin: 0px 0px 24px;line-height: 1.6em;text-align: justify;text-indent: 0em;"><strong><span style="font-family: 微软雅黑;font-size: 17px;letter-spacing: normal;text-decoration: none solid rgba(0, 0, 0, 0.9);">核心资产筑底,量能修复启动</span></strong></section><section style="letter-spacing: 0.578px;text-align: left;margin-left: 16px;margin-right: 16px;"><strong><strong style="letter-spacing: 0.034em;"><strong style="-webkit-tap-highlight-color: transparent;outline: 0px;color: rgb(34, 34, 34);font-family: -apple-system, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif;background-color: rgb(255, 255, 255);letter-spacing: 0.5px;font-size: 16px;"><span style="-webkit-tap-highlight-color: transparent;outline: 0px;color: rgb(136, 136, 136);letter-spacing: 3px;font-family: Optima-Regular, PingFangTC-light;">—</span></strong></strong></strong></section><section style="line-height: 1.6em;text-align: justify;margin: 0px 0px 24px;text-indent: 0em;"><strong><span style="font-size: 16px;letter-spacing: normal;text-decoration: none solid rgba(0, 0, 0, 0.9);"></span></strong></section><section style="line-height: 1.6em;text-align: justify;margin: 0px 0px 24px;text-indent: 0em;"><strong><span style="font-size: 16px;letter-spacing: normal;text-decoration: none solid rgba(0, 0, 0, 0.9);"></span></strong></section><section style="margin: 0px 0px 24px;line-height: 1.6em;text-align: justify;text-indent: 0em;"><strong><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;letter-spacing: normal;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: Symbol;">·&nbsp;</span><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;">价格趋势:</span></span></span></span></strong><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;letter-spacing: normal;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;">新房价格连续</span>3月环比上涨(1月+0.3%),二手房结束8个月阴跌(1月环比+0.1%),技术面呈现“双底”形态。</span></span></span><strong><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;letter-spacing: normal;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;"></span></span><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-family: 微软雅黑;font-size: 16px;letter-spacing: normal;"><o:p></o:p></span></span></strong></section><section style="margin: 0px 0px 24px;line-height: 1.6em;text-align: justify;text-indent: 0em;"><strong><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;letter-spacing: normal;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: Symbol;">·&nbsp;</span><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;">量能指标:</span></span></span></span></strong><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;letter-spacing: normal;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;">节后二手房日成交恢复至</span>300-400套(2月16日单日406套),新增挂牌价环比-1.8%,市场进入“磨底阶段”。</span></span></span><strong><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;letter-spacing: normal;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;"></span></span><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-family: 微软雅黑;font-size: 16px;letter-spacing: normal;"><o:p></o:p></span></span></strong></section><section style="margin: 0px 0px 24px;line-height: 1.6em;text-align: justify;text-indent: 0em;"><strong><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;letter-spacing: normal;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: Symbol;">·&nbsp;</span><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;">板块轮动:</span></span></span></strong><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;letter-spacing: normal;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;">主城改善板块(和平、河西)量价领涨,远郊刚需板块(武清、宝坻)以价换量持续。</span></span></span><strong><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;letter-spacing: normal;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;"></span></span><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-family: 微软雅黑;font-size: 16px;letter-spacing: normal;"><o:p></o:p></span></span></strong></section><section style="line-height: 1.6em;text-align: justify;margin: 0px 0px 24px;text-indent: 0em;"><span style="font-size: 16px;letter-spacing: normal;text-decoration: none solid rgba(0, 0, 0, 0.9);"></span></section><section style="line-height: 1.6em;text-align: justify;margin: 0px 0px 24px;text-indent: 0em;"><span style="font-size: 16px;letter-spacing: normal;text-decoration: none solid rgba(0, 0, 0, 0.9);"></span></section><section style="margin: 0px 0px 24px;line-height: 1.6em;text-align: justify;text-indent: 0em;"><br /></section><section style="margin: 0px 0px 24px;line-height: 1.6em;text-align: justify;text-indent: 0em;"><strong style="font-size: var(--articleFontsize);letter-spacing: 0.578px;text-align: left;"><strong style="letter-spacing: 0.578px;"><strong style="-webkit-tap-highlight-color: transparent;outline: 0px;color: rgb(34, 34, 34);font-family: -apple-system, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif;letter-spacing: 0.544px;visibility: visible;"><span style="-webkit-tap-highlight-color: transparent;outline: 0px;font-size: 45px;letter-spacing: 0px;visibility: visible;">04&nbsp;</span></strong></strong></strong><span style="letter-spacing: 0.034em;font-size: 20px;"><strong>板块分化</strong></span></section><section style="margin: 0px 0px 24px;line-height: 1.6em;text-align: justify;text-indent: 0em;"><strong><span style="font-size: 17px;letter-spacing: normal;text-decoration: none solid rgba(0, 0, 0, 0.9);"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);letter-spacing: normal;font-size: 17px;font-family: 微软雅黑;">&nbsp;</span></span></strong><strong style="text-indent: 0em;font-size: var(--articleFontsize);letter-spacing: 0.034em;"><span style="font-family: 微软雅黑;letter-spacing: normal;text-decoration-style: solid;text-decoration-color: rgba(0, 0, 0, 0.9);">核心抗跌,远郊承压</span></strong></section><section style="margin: 0px 0px 24px;line-height: 1.6em;text-align: justify;text-indent: 0em;"><strong><span style="font-size: 17px;letter-spacing: normal;text-decoration: none solid rgba(0, 0, 0, 0.9);"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);letter-spacing: normal;font-size: 17px;font-family: 微软雅黑;"></span></span></strong></section><section style="margin: 0px 0px 24px;line-height: 1.6em;text-align: justify;text-indent: 0em;"><strong style="letter-spacing: 0.578px;text-align: left;font-size: var(--articleFontsize);"><strong style="letter-spacing: 0.034em;"><strong style="-webkit-tap-highlight-color: transparent;outline: 0px;color: rgb(34, 34, 34);font-family: -apple-system, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif;background-color: rgb(255, 255, 255);letter-spacing: 0.5px;font-size: 16px;"><span style="-webkit-tap-highlight-color: transparent;outline: 0px;color: rgb(136, 136, 136);letter-spacing: 3px;font-family: Optima-Regular, PingFangTC-light;">—</span></strong></strong></strong></section><section style="margin: 0px 0px 24px;line-height: 1.6em;text-align: justify;text-indent: 0em;"><strong><span style="font-family: 微软雅黑;font-size: 16px;letter-spacing: normal;text-decoration: none solid rgba(0, 0, 0, 0.9);"></span></strong></section><section style="margin: 0px 0px 24px;line-height: 1.6em;text-align: justify;text-indent: 0em;"><strong><span style="font-family: 微软雅黑;font-size: 16px;letter-spacing: normal;text-decoration: none solid rgba(0, 0, 0, 0.9);">1.&nbsp;头部板块</span></strong></section><section style="margin: 0px 0px 24px;line-height: 1.6em;text-align: justify;text-indent: 0em;"><strong><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;letter-spacing: normal;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: Symbol;">·&nbsp;</span><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;">和平区:</span></span></span></span></strong><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;letter-spacing: normal;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;">学区房均价</span>6.1万/㎡(环比持平),50㎡以下老破小去化周期仅3个月,教育资源驱动成交占比超40%。</span></span></span><strong><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;letter-spacing: normal;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;"></span></span><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-family: 微软雅黑;font-size: 16px;letter-spacing: normal;"><o:p></o:p></span></span></strong></section><section style="margin: 0px 0px 24px;line-height: 1.6em;text-align: justify;text-indent: 0em;"><strong><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;letter-spacing: normal;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: Symbol;">·&nbsp;</span><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;">河西新梅江:</span></span></span></span></strong><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;letter-spacing: normal;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;">绿城水西雲庐单价</span>4.2万/㎡,地铁6号线通车+规划小学落地提振预期。</span></span></span><strong><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;letter-spacing: normal;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;"></span></span><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-family: 微软雅黑;font-size: 16px;letter-spacing: normal;"><o:p></o:p></span></span></strong></section><section style="margin: 0px 0px 24px;line-height: 1.6em;text-align: justify;text-indent: 0em;"><strong><span style="font-family: 微软雅黑;font-size: 16px;letter-spacing: normal;text-decoration: none solid rgba(0, 0, 0, 0.9);">2.&nbsp;新兴板块</span><span style="font-family: 微软雅黑;font-size: 16px;letter-spacing: normal;text-decoration: none solid rgba(0, 0, 0, 0.9);"><o:p></o:p></span></strong></section><section style="margin: 0px 0px 24px;line-height: 1.6em;text-align: justify;text-indent: 0em;"><strong><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;letter-spacing: normal;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: Symbol;">·&nbsp;</span><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;">滨海新区:</span></span></span></span></strong><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;letter-spacing: normal;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;">依托自贸区政策,房价涨幅领跑全市(同比</span>+2.3%),第四代住宅占比提升至30%。</span></span></span><strong><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;letter-spacing: normal;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;"></span></span><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-family: 微软雅黑;font-size: 16px;letter-spacing: normal;"><o:p></o:p></span></span></strong></section><section style="margin: 0px 0px 24px;line-height: 1.6em;text-align: justify;text-indent: 0em;"><strong><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;letter-spacing: normal;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: Symbol;">·&nbsp;</span><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;">西青梅江:</span></span></span></strong><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;letter-spacing: normal;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;">格调初晴别<span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;">墅单价</span>2.8万/㎡,容积率0.83低密设计,开盘去化率90%。</span></span></span><strong><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;letter-spacing: normal;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;"></span></span><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-family: 微软雅黑;font-size: 16px;letter-spacing: normal;"><o:p></o:p></span></span></strong></section><section style="margin: 0px 0px 24px;line-height: 1.6em;text-align: justify;text-indent: 0em;"><strong><span style="font-family: 微软雅黑;font-size: 16px;letter-spacing: normal;text-decoration: none solid rgba(0, 0, 0, 0.9);">3.&nbsp;远郊承压</span><span style="font-family: 微软雅黑;font-size: 16px;letter-spacing: normal;text-decoration: none solid rgba(0, 0, 0, 0.9);"><o:p></o:p></span></strong></section><section style="margin: 0px 0px 24px;line-height: 1.6em;text-align: justify;text-indent: 0em;"><strong><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;letter-spacing: normal;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: Symbol;">·&nbsp;</span><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;">武清</span>/宝坻:</span></span></span></strong><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;letter-spacing: normal;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;">新房均价0.75万-1.05万/㎡(同比-5%),依赖“工抵房”降价10%-15%去库存。</span></span></span><strong><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;letter-spacing: normal;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;"></span></span><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-family: 微软雅黑;font-size: 16px;letter-spacing: normal;"><o:p></o:p></span></span></strong></section><section style="margin: 0px 0px 24px;line-height: 1.6em;text-align: justify;text-indent: 0em;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;letter-spacing: normal;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;"></span></span></span><strong><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;letter-spacing: normal;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;"></span></span><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-family: 微软雅黑;font-size: 16px;letter-spacing: normal;"><o:p></o:p></span></span></strong></section><section style="margin: 0px 0px 24px;line-height: 1.6em;text-align: justify;text-indent: 0em;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;letter-spacing: normal;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;"></span></span></span></section><p style="padding: 0pt;vertical-align: baseline;background: rgb(255, 255, 255);margin-left: 16px;margin-right: 16px;margin-bottom: 0px;"><strong style="letter-spacing: 0.578px;font-size: var(--articleFontsize);text-align: left;"><strong style="letter-spacing: 0.578px;"><strong style="-webkit-tap-highlight-color: transparent;outline: 0px;color: rgb(34, 34, 34);font-family: -apple-system, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif;letter-spacing: 0.544px;visibility: visible;"><span style="-webkit-tap-highlight-color: transparent;outline: 0px;font-size: 45px;letter-spacing: 0px;visibility: visible;">05&nbsp;</span></strong></strong></strong><span style="font-size: 20px;"><strong>主力动向</strong></span></p><section style="margin: 0px 0px 24px;line-height: 1.6em;text-align: justify;text-indent: 0em;"><strong><span style="font-family: 微软雅黑;font-size: 17px;letter-spacing: normal;text-decoration: none solid rgba(0, 0, 0, 0.9);">头部房企控盘,代建模式崛起</span></strong></section><section style="margin: 0px 0px 24px;line-height: 1.6em;text-align: justify;text-indent: 0em;"><strong><span style="font-size: 17px;letter-spacing: normal;text-decoration: none solid rgba(0, 0, 0, 0.9);"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);letter-spacing: normal;font-size: 17px;font-family: 微软雅黑;"></span><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);letter-spacing: normal;font-size: 17px;font-family: 微软雅黑;"><o:p></o:p></span></span></strong></section><section style="margin: 0px 0px 24px;line-height: 1.6em;text-align: justify;text-indent: 0em;"><strong><span style="font-family: 微软雅黑;font-size: 17px;letter-spacing: normal;text-decoration: none solid rgba(0, 0, 0, 0.9);"></span></strong></section><section style="margin-left: 16px;margin-right: 16px;"><strong style="letter-spacing: 0.578px;text-align: left;font-size: var(--articleFontsize);"><strong style="letter-spacing: 0.034em;"><strong style="-webkit-tap-highlight-color: transparent;outline: 0px;color: rgb(34, 34, 34);font-family: -apple-system, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif;background-color: rgb(255, 255, 255);letter-spacing: 0.5px;font-size: 16px;"><span style="-webkit-tap-highlight-color: transparent;outline: 0px;color: rgb(136, 136, 136);letter-spacing: 3px;font-family: Optima-Regular, PingFangTC-light;">—</span></strong></strong></strong></section><section style="line-height: 1.6em;text-align: justify;margin: 0px 0px 24px;text-indent: 0em;"><strong><span style="font-size: 16px;letter-spacing: normal;text-decoration: none solid rgba(0, 0, 0, 0.9);"></span></strong></section><section style="margin: 0px 0px 24px;line-height: 1.6em;text-align: justify;text-indent: 0em;"><strong><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;letter-spacing: normal;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: Symbol;"></span></span></span></strong></section><section style="margin: 0px 0px 24px;line-height: 1.6em;text-align: justify;text-indent: 0em;"><strong><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;letter-spacing: normal;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: Symbol;">·&nbsp;</span><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;">拿地策略:</span></span></span></span></strong><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;letter-spacing: normal;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;">万科、保利竞得和平山东路地块(楼面价</span>5.8万/㎡),城投公司托底远郊地块(如静海团泊湖)。</span></span></span><strong><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;letter-spacing: normal;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;"></span></span><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-family: 微软雅黑;font-size: 16px;letter-spacing: normal;"><o:p></o:p></span></span></strong></section><section style="margin: 0px 0px 24px;line-height: 1.6em;text-align: justify;text-indent: 0em;"><strong><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;letter-spacing: normal;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: Symbol;">·&nbsp;</span><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;">产品升级:</span></span></span></span></strong><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;letter-spacing: normal;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;">第四代住宅(得房率超</span>100%)占比提升至40%,绿城、格调等推出悬浮式社区设计。</span></span></span><strong><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;letter-spacing: normal;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;"></span></span><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-family: 微软雅黑;font-size: 16px;letter-spacing: normal;"><o:p></o:p></span></span></strong></section><section style="margin: 0px 0px 24px;line-height: 1.6em;text-align: justify;text-indent: 0em;"><strong><span style="font-family: 微软雅黑;font-size: 16px;letter-spacing: normal;text-decoration: none solid rgba(0, 0, 0, 0.9);">去化分化:</span></strong><span style="font-family: 微软雅黑;font-size: 16px;letter-spacing: normal;text-decoration: none solid rgba(0, 0, 0, 0.9);">主城项目收回优惠(如龙湖御湖境9.8折),远郊以“首付分期+送车位”促销(如中储城邦单价跌破1万/㎡)。</span></section><section style="margin: 0px 0px 24px;line-height: 1.6em;text-align: justify;text-indent: 0em;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;letter-spacing: normal;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;"></span></span></span><strong><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;letter-spacing: normal;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;"></span></span><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-family: 微软雅黑;font-size: 16px;letter-spacing: normal;"><o:p></o:p></span></span></strong></section><section style="line-height: 1.6em;text-align: justify;margin: 0px 0px 24px;text-indent: 0em;"><span style="font-size: 16px;letter-spacing: normal;text-decoration: none solid rgba(0, 0, 0, 0.9);"></span></section><section style="line-height: 1.6em;text-align: justify;margin: 0px 0px 24px;text-indent: 0em;"><br /></section><section style="line-height: 1.6em;text-align: justify;margin: 0px 0px 24px;text-indent: 0em;"><strong style="font-size: var(--articleFontsize);letter-spacing: 0.578px;text-align: left;"><strong style="letter-spacing: 0.578px;"><strong style="-webkit-tap-highlight-color: transparent;outline: 0px;color: rgb(34, 34, 34);font-family: -apple-system, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif;letter-spacing: 0.544px;background-color: rgb(255, 255, 255);visibility: visible;"><span style="-webkit-tap-highlight-color: transparent;outline: 0px;font-size: 45px;letter-spacing: 0px;visibility: visible;">06&nbsp;</span></strong></strong></strong><strong style="font-size: 16px;text-indent: 0em;letter-spacing: 0.034em;"><span style="font-size: 20px;letter-spacing: 0.578px;text-decoration-style: solid;text-decoration-color: rgba(0, 0, 0, 0.9);"><span style="text-decoration-style: solid;text-decoration-color: rgba(0, 0, 0, 0.9);font-family: &quot;Segoe UI&quot;;letter-spacing: 0.578px;background-image: initial;background-position: initial;background-size: initial;background-repeat: initial;background-attachment: initial;background-origin: initial;background-clip: initial;">客户态度与机构观点</span></span></strong></section><p style="margin-left: 16px;margin-right: 16px;margin-bottom: 0px;"><strong style="letter-spacing: 0.578px;text-align: left;font-size: var(--articleFontsize);"><strong style="letter-spacing: 0.034em;"><strong style="-webkit-tap-highlight-color: transparent;outline: 0px;color: rgb(34, 34, 34);font-family: -apple-system, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif;background-color: rgb(255, 255, 255);letter-spacing: 0.5px;font-size: 16px;"><span style="-webkit-tap-highlight-color: transparent;outline: 0px;color: rgb(136, 136, 136);letter-spacing: 3px;font-family: Optima-Regular, PingFangTC-light;">—</span></strong></strong></strong></p><section style="line-height: 1.6em;text-align: justify;margin: 0px 0px 24px;text-indent: 0em;"><strong><span style="font-size: 16px;letter-spacing: normal;text-decoration: none solid rgba(0, 0, 0, 0.9);"></span></strong></section><section style="margin: 0px 0px 24px;line-height: 1.6em;text-align: justify;text-indent: 0em;"><strong><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;letter-spacing: normal;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: Symbol;"></span></span></span></strong></section><section style="margin: 0px 0px 24px;line-height: 1.6em;text-align: justify;text-indent: 0em;"><strong><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;letter-spacing: normal;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: Symbol;">·&nbsp;</span><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;">买方心态:</span></span></span></span></strong><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;letter-spacing: normal;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;">改善客群加速入场(河西豪宅周带看量</span>+25%),刚需观望情绪浓厚(总价150万以下成交占比60%)。</span></span></span><strong><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;letter-spacing: normal;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;"></span></span><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-family: 微软雅黑;font-size: 16px;letter-spacing: normal;"><o:p></o:p></span></span></strong></section><section style="margin: 0px 0px 24px;line-height: 1.6em;text-align: justify;text-indent: 0em;"><strong><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;letter-spacing: normal;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: Symbol;">·&nbsp;</span><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;">机构研判:</span></span><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-family: 微软雅黑;font-size: 16px;letter-spacing: normal;"><o:p></o:p></span></span></strong></section><section style="margin: 0px 0px 24px;line-height: 1.6em;text-align: justify;text-indent: 0em;"><strong><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;letter-spacing: normal;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: &quot;Courier New&quot;;">&nbsp; o&nbsp;</span><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;">短期:</span></span></span></span></strong><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;letter-spacing: normal;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;">中指院预测</span>3月“小阳春”成交量环比+20%,核心区价格温和上涨(+2-3%)。</span></span></span><strong><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;letter-spacing: normal;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;"></span></span><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-family: 微软雅黑;font-size: 16px;letter-spacing: normal;"><o:p></o:p></span></span></strong></section><section style="margin: 0px 0px 24px;line-height: 1.6em;text-align: justify;text-indent: 0em;"><strong><span style="font-family: 微软雅黑;font-size: 16px;letter-spacing: normal;text-decoration: none solid rgba(0, 0, 0, 0.9);"><strong style="letter-spacing: 0.578px;"><span style="text-decoration-style: solid;text-decoration-color: rgba(0, 0, 0, 0.9);"><span style="text-decoration-style: solid;text-decoration-color: rgba(0, 0, 0, 0.9);font-size: 16px;letter-spacing: normal;"><span style="text-decoration-style: solid;text-decoration-color: rgba(0, 0, 0, 0.9);font-family: &quot;Courier New&quot;;">&nbsp; o&nbsp;</span></span></span></strong>长期:</span></strong><span style="font-family: 微软雅黑;font-size: 16px;letter-spacing: normal;text-decoration: none solid rgba(0, 0, 0, 0.9);">核心区房价年涨幅3-5%,远郊或继续阴跌。</span></section><section style="margin: 0px 0px 24px;line-height: 1.6em;text-align: justify;text-indent: 0em;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;letter-spacing: normal;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;"></span></span></span><strong><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;letter-spacing: normal;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;"></span></span><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-family: 微软雅黑;font-size: 16px;letter-spacing: normal;"><o:p></o:p></span></span></strong></section><section style="line-height: 1.6em;text-align: justify;margin: 0px 0px 24px;text-indent: 0em;"><span style="font-size: 16px;letter-spacing: normal;text-decoration: none solid rgba(0, 0, 0, 0.9);"></span></section><p style="margin-left: 16px;margin-right: 16px;margin-bottom: 0px;"><strong style="font-size: var(--articleFontsize);letter-spacing: 0.578px;text-align: left;"><strong style="letter-spacing: 0.578px;"><strong style="-webkit-tap-highlight-color: transparent;outline: 0px;color: rgb(34, 34, 34);font-family: -apple-system, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif;letter-spacing: 0.544px;background-color: rgb(255, 255, 255);visibility: visible;"><span style="-webkit-tap-highlight-color: transparent;outline: 0px;font-size: 45px;letter-spacing: 0px;visibility: visible;">07&nbsp;</span></strong></strong></strong><strong style="font-size: var(--articleFontsize);letter-spacing: 0.034em;"><span style="font-size: 20px;letter-spacing: 0.578px;text-decoration-style: solid;text-decoration-color: rgba(0, 0, 0, 0.9);">展望</span></strong></p><p style="margin-left: 16px;margin-right: 16px;margin-bottom: 0px;"><strong style="letter-spacing: 0.578px;text-align: left;font-size: var(--articleFontsize);"><strong style="letter-spacing: 0.034em;"><strong style="-webkit-tap-highlight-color: transparent;outline: 0px;color: rgb(34, 34, 34);font-family: -apple-system, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif;background-color: rgb(255, 255, 255);letter-spacing: 0.5px;font-size: 16px;"><span style="-webkit-tap-highlight-color: transparent;outline: 0px;color: rgb(136, 136, 136);letter-spacing: 3px;font-family: Optima-Regular, PingFangTC-light;">—</span></strong></strong></strong><br /></p><section style="margin-left: 16px;margin-right: 16px;"><strong><span style="font-size: 16px;"></span></strong></section><h4 style="margin-top:12.0000pt;margin-right:0.0000pt;margin-bottom:12.0000pt;margin-left:0.0000pt;text-indent:0.0000pt;padding:0pt 0pt 0pt 0pt;mso-pagination:widow-orphan;vertical-align:baseline;background:rgb(255,255,255);"><strong><span style="font-family: &quot;Segoe UI&quot;;letter-spacing: 0pt;font-size: 12pt;background-image: initial;background-position: initial;background-size: initial;background-repeat: initial;background-attachment: initial;background-origin: initial;background-clip: initial;"></span></strong></h4><h4 style="margin-top:12.0000pt;margin-right:0.0000pt;margin-bottom:12.0000pt;margin-left:0.0000pt;text-indent:0.0000pt;padding:0pt 0pt 0pt 0pt;mso-pagination:widow-orphan;vertical-align:baseline;background:rgb(255,255,255);"><strong><span style="font-family: &quot;Segoe UI&quot;;letter-spacing: 0pt;font-size: 12pt;background-image: initial;background-position: initial;background-size: initial;background-repeat: initial;background-attachment: initial;background-origin: initial;background-clip: initial;"><span style="font-family:Segoe UI;"></span></span></strong></h4><section style="margin: 16px 0px;line-height: 1.6em;text-align: justify;text-indent: 0em;"><strong><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;letter-spacing: normal;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: Symbol;"></span></span></span></strong></section><section style="margin: 16px 0px;line-height: 1.6em;text-align: justify;text-indent: 0em;"><strong><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;letter-spacing: normal;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: Symbol;"></span></span></span></strong></section><section style="margin: 16px 0px;line-height: 1.6em;text-align: justify;text-indent: 0em;"><strong><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;letter-spacing: normal;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: Symbol;">·&nbsp;</span><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;">短期(</span>3-6月):</span></span></span></strong><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;letter-spacing: normal;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;">政策宽松+学区房旺季驱动成交量回升,主城改善盘价格企稳(+1-3%),远郊以价换量延续。</span></span></span><strong><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;letter-spacing: normal;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;"></span></span><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-family: 微软雅黑;font-size: 16px;letter-spacing: normal;"><o:p></o:p></span></span></strong></section><section style="margin: 16px 0px;line-height: 1.6em;text-align: justify;text-indent: 0em;"><strong><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;letter-spacing: normal;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: Symbol;">·&nbsp;</span><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;">长期(</span>1-3年):</span></span></span></strong><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;letter-spacing: normal;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;">人口流入(京津冀协同发展)+产业升级(滨海新区自贸区)支撑需求,但需警惕商业地产过剩风险。</span></span></span><strong><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;letter-spacing: normal;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;"></span></span><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-family: 微软雅黑;font-size: 16px;letter-spacing: normal;"><o:p></o:p></span></span></strong></section><section style="margin: 16px 0px;line-height: 1.6em;text-align: justify;text-indent: 0em;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;letter-spacing: normal;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;"></span></span></span><strong><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;letter-spacing: normal;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;"></span></span><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-family: 微软雅黑;font-size: 16px;letter-spacing: normal;"><o:p></o:p></span></span></strong></section><section style="margin: 16px 0px;line-height: 1.6em;text-align: justify;text-indent: 0em;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;letter-spacing: normal;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;"></span></span></span><strong><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;letter-spacing: normal;"><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-size: 16px;font-family: 微软雅黑;"></span></span><span style="text-decoration: none solid rgba(0, 0, 0, 0.9);font-family: 微软雅黑;font-size: 16px;letter-spacing: normal;"><o:p></o:p></span></span></strong></section><h4 style="margin-top:12.0000pt;margin-right:0.0000pt;margin-bottom:12.0000pt;margin-left:0.0000pt;text-indent:0.0000pt;padding:0pt 0pt 0pt 0pt;mso-pagination:widow-orphan;vertical-align:baseline;background:rgb(255,255,255);"><span style="font-family: &quot;Segoe UI&quot;;letter-spacing: 0pt;font-size: 12pt;background: rgb(255, 255, 255);"><span style="font-family:Segoe UI;"></span></span><span style="mso-spacerun:&#39;yes&#39;;font-family:Calibri;mso-fareast-font-family:宋体;mso-bidi-font-family:&#39;Times New Roman&#39;;font-size:10.5000pt;mso-font-kerning:1.0000pt;"><o:p></o:p></span></h4><p style="margin-right: 16px;margin-bottom: 0px;margin-left: 16px;letter-spacing: 0.578px;"><strong style="font-size: var(--articleFontsize);letter-spacing: 0.578px;text-align: left;"><strong style="letter-spacing: 0.578px;"><strong style="-webkit-tap-highlight-color: transparent;outline: 0px;color: rgb(34, 34, 34);font-family: -apple-system, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif;letter-spacing: 0.544px;background-color: rgb(255, 255, 255);visibility: visible;"><span style="-webkit-tap-highlight-color: transparent;outline: 0px;font-size: 45px;letter-spacing: 0px;visibility: visible;">08&nbsp;</span></strong></strong></strong><strong style="font-size: var(--articleFontsize);letter-spacing: 0.034em;"><span style="font-size: 20px;letter-spacing: 0.578px;text-decoration-style: solid;text-decoration-color: rgba(0, 0, 0, 0.9);">策略建议</span></strong></p><p style="margin-right: 16px;margin-bottom: 0px;margin-left: 16px;letter-spacing: 0.578px;"><strong style="letter-spacing: 0.578px;text-align: left;font-size: var(--articleFontsize);"><strong style="letter-spacing: 0.034em;"><strong style="-webkit-tap-highlight-color: transparent;outline: 0px;color: rgb(34, 34, 34);font-family: -apple-system, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif;background-color: rgb(255, 255, 255);letter-spacing: 0.5px;font-size: 16px;"><span style="-webkit-tap-highlight-color: transparent;outline: 0px;color: rgb(136, 136, 136);letter-spacing: 3px;font-family: Optima-Regular, PingFangTC-light;">—</span></strong></strong></strong></p><h4 style="margin-top:12.0000pt;margin-right:0.0000pt;margin-bottom:12.0000pt;margin-left:0.0000pt;text-indent:0.0000pt;padding:0pt 0pt 0pt 0pt;mso-pagination:widow-orphan;vertical-align:baseline;background:rgb(255,255,255);"><strong><span style="font-family: &quot;Segoe UI&quot;;letter-spacing: 0pt;font-size: 12pt;background-image: initial;background-position: initial;background-size: initial;background-repeat: initial;background-attachment: initial;background-origin: initial;background-clip: initial;"></span></strong></h4><section style="line-height: 1.6em;text-align: justify;margin: 16px 0px;text-indent: 0em;"><strong><span style="font-size: 16px;letter-spacing: 0px;text-decoration: none solid rgba(0, 0, 0, 0.9);"></span></strong></section><section style="margin: 16px 0px;line-height: 1.6em;text-align: justify;text-indent: 0em;"><strong><span style="font-family: 微软雅黑;font-size: 16px;letter-spacing: 0px;text-decoration: none solid rgba(0, 0, 0, 0.9);"></span></strong></section><section style="margin: 16px 0px;line-height: 1.6em;text-align: justify;text-indent: 0em;"><strong><span style="font-family: 微软雅黑;font-size: 16px;letter-spacing: 0px;text-decoration: none solid rgba(0, 0, 0, 0.9);">1. 刚需客户:</span></strong><span style="font-family: 微软雅黑;font-size: 16px;letter-spacing: 0px;text-decoration: none solid rgba(0, 0, 0, 0.9);">优先西青梅江、津南海教园(单价1.6-2.2万/㎡),叠加宁河区补贴及公积金新政窗口。</span><strong><span style="font-family: 微软雅黑;font-size: 16px;letter-spacing: 0px;text-decoration: none solid rgba(0, 0, 0, 0.9);"></span><span style="font-family: 微软雅黑;font-size: 16px;letter-spacing: 0px;text-decoration: none solid rgba(0, 0, 0, 0.9);"><o:p></o:p></span></strong></section><section style="margin: 16px 0px;line-height: 1.6em;text-align: justify;text-indent: 0em;"><strong><span style="font-family: 微软雅黑;font-size: 16px;letter-spacing: 0px;text-decoration: none solid rgba(0, 0, 0, 0.9);">2. 改善客户:</span></strong><span style="font-family: 微软雅黑;font-size: 16px;letter-spacing: 0px;text-decoration: none solid rgba(0, 0, 0, 0.9);">锁定和平、河西稀缺资产(如绿城凤起悦鸣),利用“卖旧换新”契税减免。</span><strong><span style="font-family: 微软雅黑;font-size: 16px;letter-spacing: 0px;text-decoration: none solid rgba(0, 0, 0, 0.9);"></span><span style="font-family: 微软雅黑;font-size: 16px;letter-spacing: 0px;text-decoration: none solid rgba(0, 0, 0, 0.9);"><o:p></o:p></span></strong></section><section style="margin: 16px 0px;line-height: 1.6em;text-align: justify;text-indent: 0em;"><strong><span style="font-family: 微软雅黑;font-size: 16px;letter-spacing: 0px;text-decoration: none solid rgba(0, 0, 0, 0.9);">3. 投资者:</span></strong><span style="font-family: 微软雅黑;font-size: 16px;letter-spacing: 0px;text-decoration: none solid rgba(0, 0, 0, 0.9);">规避远郊板块,关注主城法拍房(折价率15-20%)及TOD项目(如地铁4号线沿线)。</span><strong><span style="font-family: 微软雅黑;font-size: 16px;letter-spacing: 0px;text-decoration: none solid rgba(0, 0, 0, 0.9);"></span><span style="font-family: 微软雅黑;font-size: 16px;letter-spacing: 0px;text-decoration: none solid rgba(0, 0, 0, 0.9);"><o:p></o:p></span></strong></section><section style="margin: 16px 0px;line-height: 1.6em;text-align: justify;text-indent: 0em;"><span style="font-family: 微软雅黑;font-size: 16px;letter-spacing: 0px;text-decoration: none solid rgba(0, 0, 0, 0.9);"></span><strong><span style="font-family: 微软雅黑;font-size: 16px;letter-spacing: 0px;text-decoration: none solid rgba(0, 0, 0, 0.9);"></span><span style="font-family: 微软雅黑;font-size: 16px;letter-spacing: 0px;text-decoration: none solid rgba(0, 0, 0, 0.9);"><o:p></o:p></span></strong></section><section style="margin: 16px 0px;line-height: 1.6em;text-align: justify;text-indent: 0em;"><strong><span style="font-family: 微软雅黑;font-size: 16px;letter-spacing: 0px;text-decoration: none solid rgba(0, 0, 0, 0.9);">&nbsp;</span></strong></section><section style="line-height: 1.6em;text-align: justify;margin: 16px 0px;text-indent: 0em;"><section style="-webkit-tap-highlight-color: transparent;margin-right: 8px;margin-left: 8px;outline: 0px;font-family: -apple-system-font, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif;letter-spacing: 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