Industry: Developers should assume social responsibility to increase the market supply

Shanghai, July 20, Reuters Shanghai Real Estate Industry Association of the rotating President, Green Group Chairman Yuliang 19th, said here, real estate enterprises should stand in the height of social responsibility, speed up production, increase supply, alleviating the current situation of partial supply shortage in the property market. Since the first half of the year, property sales have risen rapidly and some cities have seen relatively shrinking supply, resulting in a shortage of supply over time. At the 2009 general meeting of the Real estate branch of the Zhejiang Chamber of Commerce in Shanghai on 19th, Yuliang said that recently some cities have been rising relatively fast, for four reasons: first, the public's confidence in the economy, and the second is the large flow of liquidity into the real estate;　　Last year and the first half of this year's sales concentrated in the three or four-month digest, the price rose faster; four, since last year, the real estate companies started to decline, "so the market will respond."　　However, Yuliang that, to the overall, structural view of the current rise in housing prices: first, only some of the city's housing prices have risen faster, some cities are only "just up"; second, the current residential real estate "up relatively fast", but commercial real estate recovery "is not enough". He said that the supply of commercial housing in some cities is "really too short". A few days ago, the Shanghai Municipal Housing association called the developers, called for enterprises to cherish the current market recovery stabilisation situation, reasonable pricing, promote sales. Especially in the second half of this year, should further expand real estate investment, speed up the project development progress, increase market supply, solve the market demand for the current situation, to stabilize market prices.