On November 15, the National Bureau of Statistics released statistics on the sales price changes of commercial housing in 70 large and medium-sized cities in October 2019.

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In this regard, Kong Peng, chief statistician of the National Bureau of Statistics, has interpreted:

The sales prices of new commercial residential and second-hand residential buildings in the first, second and third tier cities have all dropped.

In October, all localities continued to implement the Party Central Committee and the State Council, adhered to the positioning of “households and non-speculation”, consolidate the city’s main responsibility, and implement the real estate regulation and control “one city and one policy” around the goal of stable land prices, stable housing prices, and stable expectations. “The real estate market has further stabilized and the price increase has declined. According to preliminary estimates, the sales price of new commercial residential buildings in the four first-tier cities increased by 0.1% from the previous month, and the growth rate dropped by 0.3 percentage points from the previous month. Among them, Beijing and Guangzhou fell by 0.2% and 0.1% respectively; Shanghai and Shenzhen both rose by 0.4%, and the growth rate dropped by 0.1 and 0.8 percentage points respectively from the previous month. The sales price of second-hand homes rose by 0.1% month-on-month, and the growth rate dropped by 0.2 percentage points from the previous month. Among them, Beijing, Shanghai and Guangzhou fell by 0.6%, 0.2% and 0.1% respectively; Shenzhen rose by 1.0%, a drop of 0.3 percentage points from the previous month. The sales prices of new commercial residential and second-hand residential in 31 second-tier cities rose by 0.5% and 0.1% respectively, and the growth rate dropped by 0.1 percentage points from the previous month. The sales prices of new commercial residential and second-hand residential in 35 third-tier cities rose by 0.6% and 0.5% respectively, and the growth rate dropped by 0.2 percentage points from the previous month.

The sales prices of new commercial residential and second-hand residential buildings in the second, second and third tier cities continued to decline year-on-year, and the first-tier cities saw a slight increase.

Preliminary estimates, in October, the sales prices of new commercial residential and second-hand residential in first-tier cities rose by 4.7% and 0.5% respectively, an increase of 0.1 and 0.4 percentage points respectively over the previous month. The sales prices of new commercial residential and second-hand residential in second-tier cities rose by 8.7% and 4.4% respectively year-on-year, and the growth rate dropped by 0.6 and 0.3 percentage points respectively from the previous month. The sales prices of new commercial residential and second-hand residential properties in third-tier cities rose by 7.7% and 4.6% respectively year-on-year, and the growth rate dropped by 0.7 and 0.4 percentage points respectively from the previous month.

The 28-year-old Dean of the Institute of Housing Research Institute Zhang Bo believes that:

After the golden nine is not gold, the silver ten-color is also obviously insufficient. Under the background of the market cooling, the overall upward pressure on the national housing prices has been weakened. Many housing companies have adopted the “price-for-value” method to drive sales and drive national sales. The area increased slightly in October, while the house price was alsoSynchronization produces a pulldown. Hot cities still exist, but it is difficult to hide the general trend of weakening the overall market.

The increase in second- and third-line housing prices accelerated down. According to the statistics of the Bureau of Statistics, the sales price of new commercial residential and second-hand residential in second-tier cities fell by 0.6 and 0.3 percentage points respectively from the previous month. The sales price of new commercial residential and second-hand residential in third-tier cities fell by 0.7 and 0.4 percentage points respectively from the previous month. Only Hohhot and Xining have a 2% increase in the price of new homes, while second-hand housing prices have risen by more than 2 percentage points. 58 Anjuke online data also showed that the price of second-hand houses in the 67 cities nationwide rose slightly by 0.08% in October.

The talent and settlement policy has become an important weight for the property market. In October, the talents and settlement policies of all localities, including Nanjing Liuhe, Hainan Sanya and Tianjin, played an important role in supporting housing prices while driving the property market to rise. According to statistics from the Bureau of Statistics, Sanya’s new homes in October rose 0.3% from the previous month. The data of 4.8% on the Anju line also showed that in October, the heat of looking for a house in Sanya rose by 15.7%, which became the city with the highest user demand. At the same time, Haikou took the initiative to micro-talk the number of users and the amount of incoming calls. It also increased significantly, up 19.5% and 23.3% respectively.

The housing prices have stabilized and declined, and the market fever has continued to decline. In the context of long-term strict regulation, buyers are expected to have a “flat look”. Many cities and regions are not able to “sell in volume” and it is difficult to drive sales, high cost and price reduction. The growth will also show obvious pressure; from the national point of view, the number of active micro-talking users in October was 1.9% lower than that of the previous month, and the electricity consumption fell by 4.3%. The broker confidence index continued to decline in October, down 1.7%, and the government believes that the government will continue. The proportion of brokers who introduced policy restrictions on housing prices rose slightly compared with the previous month.

From the performance of real estate shifting in January-October 2019, regulation shifts, urban shifts, and interest rate shifts have basically settled and exerted practical results. It is expected that the shifts of housing enterprises in November-December will be It is still going on, especially the investment shift and competitive shift will continue to advance, and the trend of the national property market cooling will be difficult to reverse before the 2020 Spring Festival.