2021年10月26日

The transaction heat of China’s commercial housing market continues to weaken

Beijing, Aug. 16 (Xinhua (Pang Wuji, Wang Xiwei) Under the background of continuously increasing property market regulation in hot cities, the transaction heat of China’s commercial housing market continues to weaken.

China’s commercial housing sales reached 10.1648 million square meters in the first July, up 21.5% year on year, and reached 10.643 billion yuan, up 30.7%, according to data released by the National Bureau of Statistics on Monday. Both showed month-on-month slowing trends, falling to the lowest levels of the year.

资料图:一处正在建设中的房地产楼盘。<a target='_blank' href='http://www.chinanews.com/' rel=中新社记者 张斌 摄” src=”https://www.chinanewsweb.com/wp-content/uploads/2021/08/20210816_611a373697a0e.jpg” title=”资料图:一处正在建设中的房地产楼盘。中新社记者 张斌 摄” />
File photo: A real estate complex under construction. Photo by China News Service reporter Zhang Bin

According to the Zhongji Research Institute, in July alone, due to the continued tightening of the property market regulation policy, the national commercial housing sales area and sales fell 8.5 percent and 7.1 percent, respectively, compared with the same month last year. This is the first time in a year that a single month of negative year-on-year growth, the market has cooled.

Pan Hao, a senior analyst at the Shell Research Institute, said that the frequent regulation of many cities and the heat of commodity housing market continued to weaken, and the monthly sales in July reached the lowest value of the year. According to calculation, in July, the average price of commercial housing for every square meter of 10373 yuan.

According to Pan Hao, in June and July, the average price of commercial housing sales nationwide has basically returned to the level of the same period in 2020, with year-on-year increases of 1.0% and 1.6%, respectively, much lower than the year-on-year growth of more than 7% in the first few months of this year.

Market heat back and control continued to increase. According to the statistics of the Shell Research Institute, in July, henan Province, Beijing, Chengdu, Dongguan, Foshan, Guangzhou, Hangzhou, Hefei, Nanjing, Xiamen and other 17 provinces and cities issued 28 real estate regulation policies, the frequency of regulation is higher than that of June, most of which are the strengthening of the previous regulation policies and the detection of gaps. Shanghai and Shenzhen, for example, have introduced restrictions on home purchases for divorces, which is also the main reason for the recent decline in market heat.

Zhuge housing data Research Center believes that the heat of commercial housing increased this year compared with last year, and reached a small peak of market heat in March, and then the heat dropped with frequent policy increases, but the heat of the market is still at a historical high level.

Looking forward to the future, the middle finger Institute believes that the real estate financial tightening trend has not changed, many places to raise the mortgage interest rate and release the second-hand housing transaction reference price, strengthen the control of the real estate market, some cities with higher market heat still have the expectation of policy increase. At the same time, as many places postpone the adjustment of the second batch of centralized land transfer and land auction rules, the heat of the land market will fall, which will further drive the market to return to rationality, and the growth rate of the national commercial housing sales scale may continue to slow down. (after)

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