Shenzhen’s real estate development investment and the proportion of fixed assets both have reached to a new height in 2016. As to the residential market，due to two rounds of regulation in March and October，Shenzhen’s new home price index led the first in first-tier cities. The price of new house rosed while the second-hand housing adjusted slightly. The price of the new housing has been more than the second-hand housing again. Compared to 2015 the volume decreased both of the new housing and the second-hand housing，but the second-hand housing’s shrinkage was more than the new housing while still higher than the average of six years. The tens of millions of residential transactions accounted for the proportion continued to rise. The volume accounting continued to rise for ten million price of residential. As to commercial building，the new housing was supply exceeding demand while the prices of second-hand housing and rents rose at first and then dropped. As to office building，the supply of new office building has reached to a new height but been still supply exceeding demand，while the price of second-hand office building rose steadily and the rent fall in the end of 2016. As to the housing prices in the areas around Shenzhen，the linkage between new house and that in Shenzhen has been significant but the effect has been varyed，and the price compensatory growth has been also more common. As to the talent housing，the system construction and institutional arrangements multi-pronged，which contributed to the growth of total amount of real estate. As to land market，the supply and demand for residential land almost doubled in 2016，and the auction heat has been not reduced. The old city reconstruction of commodity housing supply area increased every year.

Looking ahead to 2017，Shenzhen’s real estate policy will take regulation as the principal keynote and housing price will be stable. From the perspective of ensuring the housing market to develop healthily，the government needs to focus on increasing the supply of new housing. In talent housing respect，new housing security agencies is expected to increase the stock of talent housing rapidly. Business apartment is not limited to the purchase of credit limit policy，so its substitution effect on residence will be reflected. Decentralization of urban renewal authority will boost the efficient implementation of city renewal. With the development of intercity rail docking and channel construction，the housing prices in the areas around Shenzhen and that in Shenzhen will be more closely linked.