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China Coatings Network
:
China Index Research Institute on August 1 released the July 100 city residential price index report. Average residential prices in 100 cities across the country continued to rise month-on-month in July. On August 1st, the China Index Research Institute released its July 100th residential price index report. Average residential prices in 100 cities across the country continued to rise month-on-month in July. This is the third consecutive month of month-on-month price increases and a narrower year-on-year decline than in June. China Index Research Institute predicts that the future market transactions will continue to warm up, supply and demand conditions continue to improve. Month-on-month continued to rise in July the market trend is stable, the 100-city price index continued a moderate upward trend, the month-on-month increase was basically the same as the previous month, the year-on-year decline continued to narrow. In July 2015, the average price of housing in 100 cities (newly built) nationwide was 10,685 yuan per square meter, up 0.54% month-on-month and up for three consecutive months. Forty-six cities rose month-on-month, 53 fell month-on-month and one city was flat month-on-month. Compared with June, the number of cities with price increases decreased by 7 in July, of which 13 increased by more than 1.00%, 2 fewer than in June, and the number of cities with prices falling in July increased by 7 cities, of which 17 decreased by more than 1.00%, an increase of 5 from June. The average price of residential (newly built) homes in 10 major cities, including Beijing and Shanghai, was RMB1,580/m2, up 1.15% month-on-month, an increase of 0.06 percentage points from June, and 1.30% in July after seven consecutive months of decline. In July, the top 10 cities in the month-on-month increase were Shenzhen, Zhanjiang, Dongguan, Wuhan, Beijing, Yichang, Baoding, Jilin, Huizhou and Shanghai. Shenzhen rose 9.73 per cent, toping the list. Year-on-year, the average price of a home in 100 cities across the country fell 1.38 percent from July 2014, a decrease of 1.32 percentage points from June. In July, residential prices rose by 17 cities from July 2014, up four from the previous month. Among them, Shenzhen rose 25.24 percent, the first. In July, residential prices fell by 83 cities from July 2014, four fewer than the previous month. In terms of continuing the policy of warming up, local governments have adjusted their policies flexibly based on the operation of the local market, lowered the threshold of provident fund loans, increased subsidies for home purchases, directed fine-tuning of housing purchase restrictions, and promoted the reform of the household registration system, so as to ensure the steady and healthy development of the real estate market. On the supply side, the property market has gradually entered a period of adjustment since July, with the pace of housing market push slowing down and supply remaining essentially the same as the previous month. On the demand side, the performance of cities is divided, and overall turnover is leveling off. Enterprises, in the context of a steady rebound in sales performance, housing enterprises to take land enthusiasm is heating up. Looking ahead, the China Index Research Institute believes that in the stable property market policy actively promoted, the market continued to pick up the situation, the property market consumer confidence has steadily increased. It is expected that market transactions will continue to pick up, supply and demand conditions continue to improve. However, due to the different pressure of inventory materialization in various cities, the trend of housing prices in the cities on all fronts will continue to differentiate. First-tier and hot second-tier cities are in strong demand, prices are still facing upward pressure, most cities with larger supply scale will continue to actively promote inventory de-stocking, housing prices tend to stabilize.