Vanke Wuhan announces its five-item price reduction triggered inflection point controversy

Newspaper reporter Helifeng reported 2008, in China's real estate market, Vanke has been the first to cut prices to promote.　　After two years, in the current domestic real estate generally shouted "high price", Vanke again in Wuhan High-profile announced its 5 major projects at the same time large concessions, the industry unexpectedly, have begun to guess this will become China's real estate market again "inflection point." "Vanke in the real estate market sensitivity and market judgments can be said to be the fastest in the industry, in the face of the real estate market regulation and control of the continuous introduction and regulation of the deepening, Vanke action may be facing the next step of the market trend of their own adjustment means."　　Su Jing, a researcher at the state consulting firm, said in an interview with the China News of the press. Two years ago, at the outbreak of the world financial crisis, Vanke took the lead in the price of the flag in order to "reduce the price of life," the move led to the real estate sector have played a price tag.　　Vanke's action also made it the home of a handful of companies that had risen in the financial crisis in 2008.　　"Vanke in Wuhan's price-cutting behavior is unpredictable," insiders blunt, the current market has not seen signs of recession, especially in Wuhan, such as the two or three-line city, real estate prospects are still good, the market is in the rising period.　　According to statistics published by the China Institute of Chinese Index, the October, Wuhan real estate price has risen to 7187 yuan/square meters, the chain Rose 9.84%, and the October commercial housing Sales Total is 12434 sets, the chain down 3.66%. Li Shaoming, an analyst with CIC Securities, told the media that the October sales amount of 6 billion yuan in September volume blowout when the purchase, in October received the contract, if the count of 2009 years remaining of the advance payment, Vanke to achieve 100 billion yuan sales has become a foregone conclusion.　　Performance and market expectations did not show a significant decline in the price move beyond market expectations. Wuhan Vanke related to the price reduction action said, "Vanke has always adopted a builders attitude to each new deal issued more than step, do not speculate."　　Status quo, to provide market-compliant products, to meet customer demand for products. On whether the Vanke price will become China's real estate market "inflection point", Su Jing pointed out that "more likely", the current first-tier cities in the sale of property prices have been lowered, whether in a preferential manner or direct price reduction, prices are lower than the expected price. And now the real estate market warmer trend is not obvious, Vanke as a real estate industry leader, its price reduction will certainly have a certain driving role.　　How much impact, but also to see the specific trend of the market. There are news that, in Wuhan Vanke announced the price reduction activities, Wuhan appeared more than 40 projects began to discount promotions, can be seen Vanke's influence on the market. Look to Shanghai, nearly a week, in order to promote the Shanghai surrounding city of a real estate, developers implement a 10% down payment promotional measures, to provide buyers with a 3-year interest-free home loans.　　In the industry disguised promotional actions also quietly began. Su JingSue reporter, Vanke in Wuhan may not be part of the price reduction of a move, it is likely to be a national strategic adjustment began.　　The regulation policy makes the demand of the real estate market and the capital form the double aspect squeeze, causes the real estate market in the future in six months to one year time does not appear the positive situation change. "The current price is too high, the government's regulation and control policy is still to be seen, the desire to buy a house, but is not now buy." Mr. Zhang, a citizen of Beijing, said in an interview with China News of the press. Sina made a recent online purchase of the network survey shows that 71.3% of people choose not to buy a house, 19.1% of people choose to buy a house, there are 9.6% of people choose not to say the option.　　The market phenomenon of cash is still very obvious. Some experts frankly, if the real estate market is really "inflection point", that is the situation of far-reaching, house prices may threaten the overall national economic stability and healthy development. So the real estate market regulation must be gradual.