First-tier cities are still the main task of house price rebound and inventory Removal

First-tier cities, the slight rebound in house prices to go to inventory is still the main task, industry news first financial daily [microblogging] Lin Xiaozhao 2014-10-23 I want to share 0

Under the stimulus of the credit policy, although housing prices in cities in the September 1 s have stabilized, the inventory pressure is still high.

According to the market performance report of four first-tier cities released by Shanghai yiju Real Estate Research Institute on the 22nd, the average transaction price of new commercial residential buildings in first-tier cities was 23536 yuan/square meter in 8.5%, an increase of from the previous month, A year-on-year increase of 9.8%. The average transaction price in March was 1846 RMB/square meter higher than that in March.

By city, in August, the average prices of new commercial residential buildings in Beijing, Shanghai, Guangzhou, and Shenzhen are respectively 27002 yuan/square meter, 27645 yuan/square meter, 15360 yuan/square meter, and 22915 yuan/square meter. The year-on-year growth rates were 19.4%, 5.0%, 1.1%, and-0.4%, respectively. The year-on-year growth rates were 18.1%, 12.7%, 14.5%, and-10.1%, respectively. The year-on-year growth rate and year-on-year growth rate in Beijing were the largest.

"Some second-hand houses in the city center have rebounded steadily recently ." An intermediary in Tianhe, Guangzhou, told the first financial daily that after the news of the new credit policy and the imminent release of the limit on purchase, the price space for second-hand owners in the city center was also greatly reduced.

Mr. Li, who lives in Tianhe District, Guangzhou, has a set of 89 m² second-hand houses for sale in the east of Longkou district, Tianhe District. The opening price is 2.8 million yuan, and some buyers have recently lowered the price to 2.68 million yuan. If this price has been closed in the first half of the year, however, as the new deal comes out, the second-hand houses in the urban area are bullish, so Mr. Li is not worried about selling them.

One major reason for the price rebound is that some of the top-end projects in the first-tier cities had a good deal in September, leading to a rise in house prices. House prices rebounded after three consecutive months of decline. In addition, from monitoring data since 2010, the price has hit a new high.

However, Yan Yuejin, a researcher at the Shanghai yiju Real Estate Research Institute, analyzed the reporter's question about whether the rebound has entered a new round of rising channels. It remains to be further observed. From indicators such as stock and stock de-transition cycle, the pressure on stock de-conversion in first-tier cities is still high.

Data shows that in July, new commercial residential buildings in four first-tier cities were provided with an area of 5.42 million square meters and a deal area of 2.34 million square meters, showing a market relationship with oversupply. Since September February, the first-tier cities have seen an oversupply demand each month, intensifying the inventory backlog. In September, the inventory of new commercial residential buildings in the first-tier cities was 37.94 million square meters, up 8.8% year on year and 39.6% year on year.

From the perspective of inventory de-commercialization cycle, the inventory-to-sale ratio of new commercial residential buildings in the first-tier cities increased significantly in 17.2 months in 15.5, this is related to factors such as the relatively fast pace of real estate enterprises in the first-tier cities and poor market turnover in March.

By City, the inventory of new commercial residential buildings in four cities in Beijing, Shanghai, Guangzhou, and Shenzhen in September was 10.62 million square meters, 12.63 million square meters, 10.09 million square meters, and 4.6 million square meters, respectively. The inventory/sale ratio of new commercial residential buildings in four cities was 16.0, 18.1, 17.2, and 17.8 months, both of which increased compared with that in August. In general, the inventory-to-sale ratio of the four cities is relatively large, and the inventory de-conversion pressure continues.

Under the pressure of high inventory, developers still need to adopt various promotion strategies and actively describe. Miss Feng, an intermediary in Guangzhou, told this newspaper that although the prices of second-hand houses with good downtown areas and good school districts have basically rebounded steadily, there are still many discounts in the peripheral areas, after all, the current inventory is not small, developers must seize the opportunity to ship.

Yan Yuejin's analysis shows that, under the general trend of Unbinding purchase restrictions, first-tier cities have become an isolated island by sticking to the purchase restriction policy. Whether it is commercial housing, commercial or office housing, their inventory is facing a great deal of de-chemical pressure. By taking advantage of the bank's credit policy relaxation, developers in first-tier cities will continue to increase their inventories in the fourth quarter.

 

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First-tier cities are still the main task of house price rebound and inventory Removal