Last week's market volume hit a 50-week low or there will be oversupply

Source: Internet
Author: User
Keywords Housing market downturn oversupply
Tags .mall close cost demand developers discount financial financial crisis
Zhaojia Mapping after the spring Festival or will be oversupply, discount sales will be more greatly affected by the sharp decline in supply and banks to suspend lending, last week, the Shanghai property market for supply, demand, price overall decline.  Among them, 141,900 square meters of weekly turnover set a new low of nearly 50 weeks, close to the financial crisis after the worst housing market last December level. Yi Ju China · The CRIC system shows that last week (January 18-24th) deals only 141,900 square meters of residential listings, down 17.2% after a 3-week slump. The volume was the lowest level in nearly 50 weeks since February 9, 2009, when the financial crisis affected the housing market during the downturn. Sales of the downturn also led to the shrinking of the supply of developers, last week, only 11 real estate launched 139,000 square meters of new homes, the chain down 12.5%.  The average transaction price of the chain fell 9.8%, fell back to 20,000/square meters, 19361 yuan/square meters. Supply, demand, price of the overall decline, which means that the Shanghai property market has cooled down, but the trend has remained unchanged for nearly a year, some quality properties are still open on the sold. However, as developers in the hands of the increase in holdings, it is expected that the shortage after the spring festival situation may be replaced by oversupply.  Because, after the Spring Festival developers will be busy for the new Year's indicators to open a large number of push disk, at this time the gradual appearance of the role of the policy and market gradually depressed, the need for warmer if not in time, the developers will adopt greater price concessions and discount promotional measures to promote the deal, easy to live Chinese analyst Scherkingshon so think. The recent boom in economic growth means that this round of policy regulation will turn incentives into repression. And too strong a rise could lead to a shortening of the cycle.  Therefore, the developers are also prepared in advance to speed up financing and cash withdrawal, in order to improve the future risk-resistant ability of enterprises, but also for the development of the later accumulation of energy. In this way, some big developers are trying to increase the financing and push the strength. But for its projects, it may be different, potential small points and the impact of emerging sectors may be larger projects to speed up sales, quality and cost of return better or better profits of the project may be because the market environment is not very good, and slow push. Even to some of the scarcity of projects to take a slow period of cover policy. But for small and medium-sized developers, perhaps because the project to the middle and late, the cost has been recycled and no new projects can be invested in the market is not very favorable circumstances also choose to slow down the push plate sales.  Some developers with only a few projects may also slow down the push if the cost is low and there is no financial pressure. However, some funds leverage more powerful, capital pressure of small and medium-sized developers, selling pressure will be more urgent than the development, if these developers do not have the early cash withdrawal, the pressure will be greater, may become the leading price of the real estate.
Related Article

Contact Us

The content source of this page is from Internet, which doesn't represent Alibaba Cloud's opinion; products and services mentioned on that page don't have any relationship with Alibaba Cloud. If the content of the page makes you feel confusing, please write us an email, we will handle the problem within 5 days after receiving your email.

If you find any instances of plagiarism from the community, please send an email to: info-contact@alibabacloud.com and provide relevant evidence. A staff member will contact you within 5 working days.

A Free Trial That Lets You Build Big!

Start building with 50+ products and up to 12 months usage for Elastic Compute Service

  • Sales Support

    1 on 1 presale consultation

  • After-Sales Support

    24/7 Technical Support 6 Free Tickets per Quarter Faster Response

  • Alibaba Cloud offers highly flexible support services tailored to meet your exact needs.