In the first half of the year, the inventory of new commercial housing in Hangzhou fell month after month.

China Paint Network
News:
July is the traditional off-season of property sales, but in recent months the strong recovery of the Hangzhou property market in July not only the volume of new commercial housing transactions for the fourth consecutive month more than 10,000 units, and then a record high for the same period, has been plagued by Hangzhou property market "high inventory" also fell to the end of July for the first time in 150,000 units of inventory this year's lowest value. According to data from Hangzhou Transparent Sales Network, a total of 11,223 new commercial housing units were signed in downtown Hangzhou in July, down 10.4% from June, but up 82.6% from the same month last year, surpassing the all-time high in July 2009. The average contract price in July was RMB16,736 per square metre, down 6.4% month-on-month, of which the average contract price in the main urban area was RMB23,661 per square metre, which was basically flat month-on-month. In the first half of the year, the inventory of new commercial housing in Hangzhou fell month after month. As of July 31, 2015, 149,913 new commercial housing units were available for sale in urban areas, a decrease of 4,132 units from the previous month. Transparent Housing Research Institute analysis, July transaction data show that Hangzhou property market is still in the overall strong track, transaction heat and housing prices stabilize and rebound trend will continue for some time to come. However, compared with the first half of the city only transactions of more than 15 billion yuan of land supply, the second half may appropriately speed up the supply of land, while the amount of available housing is still at a relatively high level, destocking pressure is still large, structural differentiation contradictions are still prominent.