In may, traditionally referred to as the “red may” of the real estate market, developers had taken land in the second half of the previous year, and in may of the following year, it was almost time for push and price increases。
An exception occurred in may 2019: the national real estate market was characterized by cooling, a slight decline in trades and a fall in the price of 100 urban houses。
On 3 june, the china institute of index studies published a 100-city residential price index for may. In may 2019, the average price of a total sample of new dwellings in 100 cities was $14836/m2, an increase of 0. 24 per cent in the ring, or 0. 04 percentage points less than last month。
In terms of the number of cities rising and falling, 67 out of 100 cities rose, 30 fell and 3 remained at the same level as last month. In comparison, the average price of housing in 100 cities nationwide increased by 3. 98 per cent over the same period last year and by 0. 29 percentage points less than last month。
The above performance is linked to the following policy developments over the past month:
1. The relevant ministries, such as the national commission for development and development, have continued to insist on the basic positioning of “houses for use, not for fire”, and to work towards stable land prices, stable house prices and steady expectations。
2. The board has indicated that it adheres to a system of prudential regulation of real estate financing and that it has strict control over the irregular entry of bank insurance funds into the real estate market。
On the basis of an early warning note issued on 19 april by the ministry of housing and construction to a number of municipalities, the ministry then issued early warning warnings to the cities of foshan, suzhou, dalian and nanning。
4. Continuous optimization of regulatory policies at the local level. On 24 may, the cheng city housing authority penalized two projects for violating the purchase-restrictive policy, namely, the rich panda city project's “foundable centre”, which issued ads such as “no-require”, “no-require”, “no-require”, and the regulation policy, which were temporarily closed down, in addition to reporting criticism and credit credit credit credits. Another project, involving the sale of commercial housing to persons not eligible for purchase, was suspended. In may, suzhou introduced a number of city regulation policies, including a new deal to restrict sales. China and beijing have increased their regulation of the real estate market. Completing land competition rules requires related companies not to sign up for the same land。
