The low season of the real estate market is not light "golden nine silver ten" to start.

China Coatings Network
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September 13, the National Bureau of Statistics released August national real estate development and sales data. Data show that in August, the real estate development business climate index was 93.46, up 0.43 points from July, has been the third consecutive month of recovery. Li Wei, a senior statistician in the Investment Department of the National Bureau of Statistics, told Securities Daily that the positive performance of the real estate market will enhance the confidence of real estate development enterprises and promote investment in the next phase of real estate development. From January to August, china's commercial housing sales grew 7.2% year-on-year, up 1.1 percentage points from January to July, while sales rose 15.3%, up 1.9 percentage points. Real estate development enterprises in place of funds growth slightly accelerated, new construction and land acquisition area is now bottoming signs. Zhang Dawei, chief real estate analyst at Zhongyuan Real Estate, told reporters that the pace of new home sales in key cities slowed further in August, falling for two months month-on-month, but still grew significantly year-on-year. Second-hand residential turnover is the end of five consecutive months of month-on-month high trend, but year-on-year, market transactions are still high. Overall, in July and August this year, the market transactions showed a good situation in the off-season. At the same time, Zhang Dawei said, the real estate market policy environment in August continued to usher in good, cut interest rates after the loan rate hit a new record low, continued for many years of "purchase restrictions" appear loose, provident fund down payment ratio further reduced. At the same time, the local government's policy of entrusting the city is also emerging. With the comprehensive easing of the national real estate policy, for the "golden nine silver ten" transactions and then set new high conditions. According to reporters, "Golden Nine" has begun, all over the new housing market supply and demand performance overall better. In early September, ushering in the 70th anniversary of the victory of the anti-Japanese war three-day holiday, Central Plains real estate monitoring data from 40 cities show that in September, small long holiday new residential transaction area decreased by 12% compared to the Dragon Boat Holiday, but compared with the May Day holiday and Qingming holiday increased by 23%, 38%. Visible, in September small long holiday around the new housing transactions active, to the "Golden Nine" made a good start. "Before the gold nine silver ten, the introduction of a series of policies, the property market still has a certain stimulus effect. Including first-tier cities that previously thought there would be no change, there are signs of another easing of policy. Nationally, many cities may continue to introduce preferential measures in the 'Golden Nine Silver Ten'. Zhang Dawei said. In addition, data show that from January to August, China's real estate development investment of 6.11 trillion yuan, up 3.5% YoY, the growth rate from January to July down 0.8 percentage points, the decline from January to July expanded by 0.5 percentage points. Li said there are many reasons for the continued decline in real estate development investment growth. First, the commercial housing pre-inventory base is larger, especially in third- and fourth-tier cities to inventory pressure is greater, to a certain extent, affecting the real estate development enterprises' willingness to invest. Second, the real estate development enterprise land acquisition area continued to decline significantly, affected by this, this year's real estate development investment in the land acquisition fee growth rate all the way down.