Beijing property market inventory of more than 90,000 sets of prices or 20% to change sales

As the property market volume continues to slump, the Beijing stock market has increased again.　　Zhongyuan Real Estate issued a report the day before yesterday, as of July 20, Beijing's commercial housing inventory close to the new high this year, according to the current market progress, digestion of the current housing inventory to 1.5 of the time. Sell inventory at least 1.5 reports show that the Beijing stock market in the year February 1 this year the highest, for 92921 sets, with the property market sales from March again higher, this March-June, the inventory of commercial housing in 4 consecutive months in 90000 sets wandering below.　　However, in the housing market after the new deal, the stock market in early July again back to more than 90000 sets, at present, has reached 91513 sets. Meanwhile, Beijing's property market has continued to show signs of a downturn.　　Statistics show that the current Beijing monthly sales of new homes from the new deal before the 8000 to 9000 set to the new deal after 4,000 sets, in accordance with the June residential total sales volume of 4961 sets of calculation, the current commercial housing inventory even if not new, to sell the time to 1.5. Meanwhile, a new wave of land supplies was launched the day before yesterday. Beijing Land Transaction Management Network data show that the day before yesterday, 6 new land was added to the market, all for residential use. The total supply area of 1.226 million square meters, only the day before yesterday to increase the supply of 6 residential land can provide nearly million dwellings.　　The new supply can restrain prices, a move that marks a continuing deepening of the property market. Recent housing prices are likely to drop by 20% although the current price level of new homes is still strong, but some relatively tight funds and the newly-opened market after the deal has been sharply lowered the opening price.　　At present, the Beijing discount promotion project has reached more than 70, many real estate promotion form has changed from the previous dark drop to discount straight down. Since last year, the supply of residential land has reached 17.3 million square meters, according to a set of 100 square meters of commercial housing calculation, except for some supporting construction, only last year's land can supply 150,000 sets of commercial housing.　　"Beijing Zhongyuan Three market Research department director Zhang Dawei said that the land after a year or so of the development cycle will start sales in the second half of this year, such a large number of commercial housing supply is likely to make the second half of the phenomenon of price reduction for sales." Zhang Dawei predicts that most of the land prices Beijing developers Reserve do not exceed the level of land premium this year, and that most projects can still be profitable even if they cut prices by 20% per cent, given the steep increase in the price of these two years. According to the Beijing Morning News