5 months in 70 cities prices rose by 14-month lows

⊙ reporter Yu Xiangming Bureau of Statistics 10th released data shows that May 70 large and medium-sized cities nationwide prices rose by 14 months of the new low, the chain Rose 0.2%, the increase was down 1.2% from April. and second-hand housing sales price chain appears to fall. A number of industry experts believe that this series of data reflects the property market regulatory effect is emerging.　　And the data has a certain lag, the current market in some areas of housing prices have fallen, so June house price increase data will be negative. May Commercial Housing "volume Price Qi Fall" May National commercial housing sales area and sales compared to the previous month, there is a significant decline, which means that prices have been cut.　　Statistics show that in May, 70 large and medium-sized commercial housing sales area of 67.77 million square meters, 12.74 million square meters lower than last month, a decline of 15.8%, commercial housing sales 333.5 billion yuan, reduced by 111.3 billion yuan last month, down 25%, the decline is greater than sales area.　　Since prices have risen since the start of last June, the figures show a sharp rise in house prices in May this year, but the year-on-year rise was the first to fall in 14 months. According to statistics, May China's 70 large and medium-sized cities in housing prices rose 12.4% year-on-year, the increase is 0.4% smaller than April. Among them, the new residential prices rose 15.1% Year-on-year, the increase was reduced by 0.3% from April;　　Type of view, housing prices rose 1.4% per cent year-on-year, commodity housing rose 16.9%, of which ordinary residential rose 16.3%, high-grade residential rose 19.1%. From the chain data, the rapid rise in housing prices has been curbed. Among them, the price of affordable housing rose 0.1%, ordinary residential rose 0.5%, high-grade residential sales price rose 0.2%.　　Second-hand residential sales fell 0.4% per cent on a month-on-month scale, down 2.1% from April. Zhongyuan Real Estate managing director Li Wenjie said: "From historical experience, statistics tend to lag behind the market for 1-3 months, in fact, some parts of Beijing's housing prices have been 10%-15%, or even more than 20% of the decline."　　He analyzed that the 5 June market wait-and-see period, late June or early July, the overall national housing prices will have a more significant decline.　　Property market "soft landing" situation fade statistics also show that the real estate development investment has not been a significant decline, on the contrary, in the overall sentiment index down, the May real estate Development investment classification index rose, which shows that the developers are still optimistic about the future market, the housing market "soft landing" has been revealed.　　According to statistics, the May Real estate Development Investment Classification index of 105.56, compared to April increase of 0.62 points, compared to the same period last year, 12.43 points, while the Land Development Area index of 90.15, compared to April 1.7 points, compared to the same period last year, down 2.4 points. From the absolute quantity, May month real estate development finishedInvested 398.5 billion yuan, an increase of 64.8 billion yuan last month, an increase of 19.4%. January-May, the National Real estate Development Enterprises completed land acquisition area of 129.43 million square meters, an increase of 31.1%, land acquisition fee of 293.1 billion yuan, an increase of 89.7%. Before, the January-April National Real estate Development Enterprises completed land acquisition area of 91.83 million square meters, land acquisition costs 191.2 billion yuan. This means that in the first month after the regulation policy, the developers still spent 101.9 billion yuan to take the land, the confidence can be seen.　　and reporters recently to Vanke and many other market participants also felt that "the future of China's real estate market is still optimistic" is indeed a consensus. However, there is still disagreement on the direction of future policy. Li Wenjie and other industry insiders believe that the current housing prices stop the adjustment effect has been achieved, the next only need to wait for the return of the market, no longer need a new regulatory policy. Sheng Chen, Vice President of China Index Research Institute, said that in order to avoid a prolonged wait-and-see deadlock, Shanghai's policy and property tax policies will not remain unresolved, he called for early policy.　　At the same time, he encouraged developers to quickly reduce prices, "step back, brighter." 0.2% in May, 70 large and medium-sized cities nationwide prices rose 0.2%, the increase than April fell by 1.2%. The month's Real estate Development Investment classification index has risen, which shows that developers are still optimistic about the future market, the property market "soft landing" situation has been revealed.