House prices in first-tier cities continue to rebound As the market picks up or exacerbates divisions

China Paint Network
: In the past two months, 3.30 New Deal and the reduction of the standard, interest rate cut combination of fists on the real estate industry to stop the rebound effect has been shown.
Data released by the National Bureau of Statistics showed that 48 of the 70 large and medium-sized cities had recorded lower prices for new commercial housing compared with March, with 18 cities rising and four flat. Among the month-on-month price changes, the highest increase was 1.8% in Shenzhen and the lowest was a 0.7% decline in Huizhou, Guangdong Province.
the latest data released by the Central Plains Real Estate Research Department show that in the first four weeks of May, the total number of residential contracts in 54 cities nationwide was 194,909, up 8.3% month-on-month, with the first- and second-tier cities rising significantly.
, in the overall recovery situation, is still in the limited purchase of the four cities north of Guangshu real estate market is divided. Market research results show that Beijing, Shanghai supply and demand has entered a relatively balanced period, Shenzhen market in short supply, while Guangzhou is facing high inventory pressure.
industry analysts believe that due to the existence of market differences, the first-tier cities are not difficult to understand the situation of differentiation, the market recovery will indirectly lead to more housing into the market, the balance of supply and demand may be more inclined to further exacerbate the differentiation.
the pace of new property market entry slowed
after the National Bureau of Statistics released real estate statistics for 70 large and medium-sized cities in April, showing that the housing market has rebounded.
, 48 of the 70 large and medium-sized cities seeing lower prices for new commercial housing compared with March, 18 have risen and four have been flat. Among the month-on-month price changes, the highest increase was 1.8% in Shenzhen and the lowest was a 0.7% decline in Huizhou, Guangdong Province. Among them, Beijing rose 0.8 per cent, Shanghai 0.7 per cent, Wenzhou 0.7 per cent and Guangzhou 0.4 per cent.
Liu Jianwei, a senior statistician in the Urban Division of the National Bureau of Statistics, believes that under the influence of a combination of factors such as the introduction of the New Deal in the property market and the traditional sales season at the end of March, new commercial residential transactions in 70 large and medium-sized cities continued to pick up in April, with prices in some cities rising slightly month-on-month.
Liu Also believes that most cities still have a year-on-year decline in house prices, but as prices in some cities rose month-on-month, the overall year-on-year decline in April narrowed slightly.
the decline in house prices is the slowing pace of the supply market.
data released by the National Bureau of Statistics, reporters found that in April, the real estate industry as a whole capital investment and new construction area growth showed a month-on-month downward trend.
as of April, real estate investment totaled 2.36 trillion yuan, an increase of 6.0% month-on-month. In the first two months of 2015, the figures were 10.4 per cent and 8.5 per cent, respectively, continuing to decline at a two-percentage-point rate. In terms of real estate construction area, in April, the cumulative amount reached 5,995 million square meters, a cumulative increase of 6.2%, slightly lower than the 6.8% in March.
addition, the cumulative completed area of real estate in April was 212 million square meters, down 10.5 percent year-on-year and up from 8.2 percent in March.
Beijing's red May
as a typical representative of the first-tier cities, Beijing's may property market performance can be described as positive.
, according to media reports, a total of three properties entered the market in Beijing last weekend, namely, The City of Beijing to build Haiyue, China Resources Wan Oak House and the first Purple Yuetai. Among them, Haixuan House in 3 hours to achieve a turnover of 500 million yuan, and China Resources Wan Oak House in 1 hour also announced the sale.
located in the Northeast Three Rings Sun Palace plate Ofyuan real estate Red Taiwan project is also extremely popular. It is understood that the project since entering the market in 2010 has won many times Beijing's top luxury housing monthly sales crown. In 2013 and 2014 are among the top luxury housing market in Beijing. On May 22nd, the company released data that said it had sold 260 million yuan in 10 days.
, marketing director of Hongxuan Taiwan, told reporters, "After the market rebounded, scarcity became the main reason for the transaction." In addition, high-end customers have maintained a high degree of sensitivity to the investment field, at this stage of relative gain and stability of fixed assets is naturally their first choice. "
" first-tier city recovery has become a reality, Beijing housing prices fall hope is not very good. The luxury market is mostly a scarce project, now the opportunity is good, so decided to buy a set. "A buyer, who did not want to be named, told China Economic Network.
according to the latest statistics from Zhongyuan Real Estate, as of May 25, there were nine projects with monthly turnover of more than 100 units in Beijing, compared with only two in the same period in April. In terms of the number of units sold, data showed that Beijing last week built 2,120 new commercial residential net sign-offs, up 9.7% month-on-month.
market remains bullish on the last week of the month, and some analysts predict that Beijing property data for the whole of May is expected to come out of new highs.
to pick up or accelerate market differentiation
behind the overall market recovery, the division between cities also exists.
Liu Jianwei believes that the division of cities, differentiation is still more obvious, housing prices are mainly concentrated in the first-tier cities and a few second-tier cities. In April, prices of new commercial and second-hand housing rose month-on-month in four first-tier cities, Beijing, Shanghai, Guangzhou and Shenzhen, with the highest increases of 1.8% and 2.4%, respectively, while prices rose in a few second-tier cities, with the vast majority of third-tier cities still falling.
then, the media revealed that Beijing, Shanghai, Shenzhen, the supply and demand relationship has basically reached a balance, but there is still a structural imbalance, while Guangzhou is high inventory.
Guangzhou Municipal Bureau of Land and Housing data show that in the past six months, Guangzhou new commercial residential transaction area since December 2014 reached 1.0584 million square meters, three consecutive months of decline in transactions, in April turnover area of 863,700 square meters, basically rebounded to november 2014 levels.
, data show that the number of unsold residential units in Guangzhou in April was 153,184, with an unsold area of 20224,766 square meters, a record monthly high. The 26.1-month de-chemical cycle is much higher than in other first-tier cities, such as Northward and Deep.
an industry analyst told reporters, "There are many reasons for the high inventory in Guangzhou." First of all, the regional economic development is relatively balanced, so the attractiveness of Guangzhou property market is not very big; "It
to be a very representative first-tier city property market, but this is the microcosm of the real estate industry.
liu Dexuan, a researcher at the China Economic Research Institute, believes that the purchasing power of first-tier cities has been released due to a series of policy interests, which has led to an overall increase in turnover, but behind it is still the fact that the real estate industry is down. He said that the market differentiation will also quickly lead to the division of housing enterprises, so that by the end of the shuffle period, most of the poor housing enterprises died, the new pattern surfaced.