Property market: It's not a turn to sell.

This round of regulation, the first-tier city housing prices fell basically become a foregone conclusion, and the market cooling rate will be significantly faster than 2008, the three quarter may appear the most depressed situation. Reporter/Ginger "The history of the most stringent property market New Deal" in the fermentation of "51" small long holiday showed no doubt--Shanghai House exhibition encountered several years of rare silence, Beijing second-hand house Daily contract volume fell 80% from April, Shenzhen developers began to promote sales, Guangzhou's commercial Housing contract volume plunged 3 per cent over the same period last year　　4, Hangzhou opened a new property than the same period last year reduced by half ...　　At the same time, the central bank May 2 issued a notice, May 10, raised deposit-type financial institutions Renminbi deposit reserve ratio of 0.5%, seems to be in line with the real estate adjustment policy issued a combination of boxing, aimed at stabilizing prices, stabilize the market. In this regard, critics think that the 51 property market announced a sharp trend in housing prices clear, China's housing prices another inflection point has arrived.　　and has always criticized the housing bubble Gu Haibo pointed out that let real estate return to a stable and healthy development track, dose is important, but also need a mature real estate policy framework, so that buyers to form a stable expectation. This holiday is really cold. May 3, the 4-day Shanghai "51 holiday house exhibition" At the Shanghai Exhibition Center calmed down. Compared with the traditional Shanghai quarter's "gold four silver Five", the first house exhibition after the State Council's new deal appears very deserted. The exhibitors reached more than 220 developers, more than last year, and they intend to increase the small-scale residential investment efforts (60% items are recommended).　　However, from the 4-day operation, turnover is still quite low. Last year, developers do not reduce prices, this year is to see the house people do not talk about prices. House exhibition, there are few people who buy the intention of the exhibition, sales staff chasing buyers to distribute leaflets, to beg contact way of the scene everywhere.　　Regarding the price question, many exhibits the real estate to be secretive, said that "the real estate will only open until May or June", some said to wait until the second half of this year. Not only before the booth buyers are not flourishing, live to see the shuttle bus also no longer last year's prosperity. At the scene, holding the bus to see the publicity card staff, are doing their most to organize the audience to see the room. However, the people who are willing to get on the bus are pitifully few.　　Many viewers said that the current decline in house prices are very strong expectations, coupled with the loan policy adjustment, even if there is a home purchase plan, now can only be shelved, after all, in accordance with the current housing prices, if the new deal according to the interest rate calculation, the cost of buying a person a bit unbearable. More affected is the Shanghai surrounding property. Real estate New Deal, off-site home purchase loan was stopped, Shanghai people and other outsiders are not currently in Shanghai around the mortgage to buy a house. Originally wanted to borrow the Shanghai World Expo to attract a large number of investors in the field, not expected to be the new real estate policy hit.　　In Jiaxing, Kunshan and other places real estate exhibition hall, sometimes more staff than visitors.　　Other first-tier cities in the property market also felt the coolness of the holiday. April 30, Beijing took the lead in issuing local version of the property market regulation policy: the sameHome buyers can only buy a new set of commercial housing in Beijing, commercial banks to suspend the issuance of third and above housing loans, not to provide more than 1 years of municipal tax certificates or social insurance payment certification of non-city residents of the purchase of loans were suspended. Pan said that the Beijing property market has been a high proportion of foreigners, many projects over 50%, of which not working in Beijing, the number of outsiders to buy is also very large.　　The new deal in Beijing to restrict the purchase of foreigners, it is bound to affect sales. Affected by the new deal, Beijing New house, second-hand housing deal quickly "frozen." Beijing Real Estate Transactions Management Network, the latest data show that May 1, 2nd, the two days of the daily average signing 211 sets, which compared with April, 1164 sets of daily average contract volume, the decline of 82%. At the same time, second-hand housing owners began to "bulk selling."　　As of April 30, Beijing listed the second-hand housing stock amounted to 21295 sets, compared to the new deal before the rise of 18.9%, hit record highs. Beijing property market after the new deal, many of the original registered customers have said not to consider subscription, due to the shortage of tourists, some of the real estate will have to postpone the opening.　　Monitoring data show that during the "51" period, more than 10 projects were scheduled to market, but the opening of the project only 5, most of the new plate is still in the "internal recognition" stage. The Guangzhou property market is also "the most dismal" Golden Week in history. Land and Housing Bureau Sunshine Home Margin network data show that May 1-3rd three days of Guangzhou to achieve a total of 273 commodity residential, compared with 1244 sets last year, plunged more than 3/4. Although the price does not appear with the volume of the same large "diving" market, but also a certain extent downward.　　Data show that May 1-3rd, Guangzhou, the average price of a commodity apartment is 9375 yuan/square meters, compared with April 11167 yuan/square meters down 16%. Shenzhen's housing sentiment from the previous upsurge to a serious wait-and-see. According to the Shenzhen Real Estate Information Network monitoring statistics show that May 1, Shenzhen only 26 sets of new houses, May 2 only 7 sets of new houses.　　May 1-5th of the 2010 China Shenzhen (Spring) Real Estate Fair, Shenzhen local developers only 8, only 14 exhibitors, compared to last year's 51 Shenzhen project exhibitors, plunged more than 70%, the history of the most desolate record. The property market in Hangzhou is also quietly changing. According to incomplete statistics, Hangzhou May has been clear to push the housing estate less than 20, compared with the same period last year, the 36 reduced by nearly half. Many of them originally planned for the opening of the property, the new policy implications of the decision to postpone the opening.　　The industry had been looking forward to the "red May" is expected to become the "quiet period" of the property market. The mood in the housing market seems to be spreading across the country.　　In the property market once Shiten Haikou, Hainan Spring Real Estate exhibition fair in the "51" period, the price is still more than expected, most of the house is just pure watching lively, Nanjing, the property market in the "51" period to continue to cool, many real estate to introduce discount promotional activities. Once again, the policy is cooling in the real estate market,The central bank is taking advantage of the third time this year to raise the reserve requirement ratio. The reserve requirement ratio is one of the traditional three monetary policy instruments, usually refers to the central bank to compel the commercial bank to keep the liquidity according to the certain ratio of the deposit.　　After the adjustment, the reserve ratio of large financial institutions is only one step away from the historic peak of 17.5%. The 17% per cent reserve requirement rate, which began on May 10, means that banks must deposit 17 yuan in the central bank for each 100 yuan they absorb, and the remainder will be used for loans. Lu Commissar, chief economist of Societe Generale, calculates that the reserve requirement ratio will be a one-time draw from the bank about 320 billion yuan of the base currency. Xijun, deputy Dean of Renmin University's School of Finance and Finance, said the increase in reserve requirements would either freeze 250 billion yuan commercial bank loans. This will directly affect the ability of commercial banks to lend, the decline in the number of loans will be the profitability of commercial banks to inhibit the formation.　　At the same time, banks may adjust their lending to reduce loan delivery in the real estate sector. Data from wind show that the domestic buyers of the source of funds, through the bank mortgage loans to buy more and more high.　　2009, the National Commodity residential sales of 3.815 trillion yuan, the current year residents of the medium and long-term loans up to 1.588 trillion yuan, there are more than 40% of the home purchase funds from commercial bank credit. In a sledgehammer's view, the central bank's sudden increase in reserve requirements for developers and speculators is "blunt knife cut meat." The 21st century real estate market analyst Ziffan predicted: "The cumulative effect of regulatory policies, developers are very difficult to sit down quietly." The day will soon pass without the price of the teeth. A considerable number of developers, can live up to 6 months, will have to reduce prices. Take Shanghai For example, May is the traditional housing market push disk climax. Research results from China real Estate Information Group show that Shanghai has 80 properties are expected to launch new listings in May, and April there are 17 unlisted items are also want to postpone the listing in May, while Shanghai around the Kunshan, Wujiang and other areas have 17 real estate to push the house, in order to compete for the rigid demand of low-end. A marketer, who declined to be named, said the developers are now afraid of being scolded by their peers, and that no one has bought the price. The developers ' current behavior is not a confrontation policy, but a helpless move.　　If the housing market wait and see sentiment continues to thicken, in the tight market situation, some cash flow of the developers will have to choose to lower prices out of the warehouse to withdraw funds. Shanghai easy to live real estate Research department Minister Yang Hongxu pointed out that this round of regulation, the first-tier city housing prices have fallen basically become a foregone conclusion, and the market cooling rate will be significantly faster than 2008, the three quarter may appear the most depressed situation, four quarters of individual policies may be loose.