Standard Chartered: First-tier City three-quarter new real estate price or down 30%

Morning News reporter Zhang Sa shanghai, Beijing, Shenzhen and other first-line city housing prices fell 20%~30% may appear in the three quarter of this year.　　This was the judgment of Stephen Green, head of research at Standard Chartered, yesterday in the second half of the economic trend.　　He also pointed out that the 7.5 trillion-yuan credit line may be relaxed by the end of this year, some of the financing items from the trust loans may return to the bank's loan projects, the full year of loans may be up to 9 trillion yuan.　　Stephen Green pointed out that the 20%~30% house prices fell mainly refers to the first-tier city of new developments, relative to a quarter of this year's housing price correction, especially in Shanghai, Beijing, Shenzhen, such as front-line cities. The verdict is based on the number of land-sale figures that began wildly higher last June.　　That, he said, would lead to a corresponding sharp rise in the supply of new flats in the three quarter. and hostage to the financing chain is cut off, developers are most likely to take the way is to reduce prices, "may start from a number of large developers, and then some small developers to follow, and there may be many developers will choose to postpone the opening." "Of course, in other cities in the country, the decline in house prices is not so big, the national average decline of about 5%~10%, do not rule out individual cities will be slightly higher." "Stephen also pointed out that the assumption of Shanghai, Beijing, Shenzhen and other first-tier city housing prices down 20%~30%, the impact on the real economy should be relatively small."