Beijing tightens housing shares in Hangzhou

After the bank of Hangzhou took the lead in tightening the second mortgage, Beijing's banks had also implemented similar measures, and the mainland's real estate stocks were sold off yesterday, especially by developers with a focus on Beijing.　　Market estimates, other regional banks in the near future to take the same measure, is expected in Shanghai, Guangzhou and Shenzhen will be affected successively, the relevant property stocks will be under pressure.　　7.6% of Sino-ocean real estate fell nearly 50% mainland China yesterday said that banks to the second flat down to adhere to 40%, but the interest rate is floating space, part of the benchmark interest rate of 85 percent, construction Bank (00939) More explicit interest rate is 1.1 times times the benchmark. The expansion of the second House mortgage measures in the mainland to other provinces and cities has led to a general decline in the housing stock, with the development of Beijing as the core of ocean-going property (03377) yesterday down 7.6% to 8.25 yuan, and the first real estate (02868) also fell 4.5%,　　At 3.36 Yuan, franshion real Estate (00817), which won Beijing's king at sky-high prices last week, also fell 5.8% to 2.59 yuan. According to media reports in Hong Kong, the comprehensive property sector views most think that the mainland to maintain this year's economic growth of 8% (Paul VIII), can not vigorously suppress real estate, but the property market has been overheating this year, prices have risen too fast, the government can not see bubbles, in the dilemma, had to tighten the second apartment through the regional banks,　　Reduce the amount of speculation to cool the red-hot property market. It can be expected that the property market has been a strong city is the first target, Guangzhou, Shanghai and Shenzhen will be the next tightening of the second apartment mortgage city.　　Guangzhou and Shenzhen Developers said that the bank has not seen any action, but short-term if the measures to follow Hangzhou, they will not be too surprised.　　Securities dealers estimate that the consolidation will be restored to the stock market of ascending rail. Zhihihe, head of Capital Research department, said that short-term sales in the mainland should slow down, the property prices will be slightly adjusted, but with the trend of the property market this year, after the July and August consolidation, I believe that the September sales will regain the rail, the internal housing stock continued to rise. Li Weilie, senior analyst at Nomura Securities, reckons that the adjustment will be completed after the housing Unit has lowered its position by 20%. Investors are still bullish on the mainland property market, the central government to protect the eight will not be the real estate to suppress, when the stock price has a deeper adjustment, will attract the fund to the market, this year, the housing stock price, the overall trend is still bullish.