In november, the market moved into the traditional off-season, with second-hand owners becoming the norm。
On 1 december, the 100-city price index of china's real estate index system showed that in november, the average second-hand housing price in 100 cities nationwide was $13143 per square metre, a decrease of 0. 94 per cent in the ring, or 7. 95 per cent in the same year。
In terms of turnover, there are significant variations in the different levels of activity. According to kerry, both front-line and second-line cities show an upward trend. In november, 4 front-line cities were traded on a scale of 4. 02 million square metres, an increase of 10 per cent in the ring compared to a cumulative positive increase of 5 per cent in the previous november; 20 second-line cities were traded on a scale of 11. 13 million square metres, a 13 per cent increase in the ring。
On 1 december, the general manager of the institute's index research department, cao jing jing, wrote to the journalist of the daily economic news (hereinafter " the journalist or every journalist " ) saying that the downward pressure on the price of second-hand houses throughout the country had increased owing to high levels of listing and expected weakness. However, with the completion of the “155” programme, urban renewal or the gradual emergence of cities as a central engine for high-quality urban development, accompanying support policies are expected to accelerate the impact of the process, with year-end turnover expected to remain stable。
Second-hand chambers are growing
According to the central institute, in november the price of second-hand dwellings in the first, second and third-line cities fell by 1. 15 per cent, 0. 98 per cent and 0. 81 per cent, respectively, and by 5. 62 per cent, 8. 24 per cent and 7. 47 per cent, respectively, in the same year, an increase over october。
In the first-line cities, the average price of second-hand houses in shanghai is approximately $56708/m2, a decrease of 1. 24 per cent in the ring ratio, and the average price of second-hand houses in beijing is about $64984/m2, a decrease of 1. 44 per cent。
Another aspect of the sale of second-hand houses is the gradual increase in turnover。
According to the kerry data, in november, a total of 1. 04 million square metres of second-hand rooms in 30 priority cities were expected to be closed, representing a 14 per cent increase in the ring compared to a cumulative positive 3 per cent increase in the previous november. Beijing and shanghai have all shown a steady downward trend, with a monthly turnover of 1. 74 million square metres and a monthly increase of 12 per cent and 31 per cent for wuhan. In addition, in some cities, the ring ratio has doubled, with 550,000 square metres in the long sand used room, at a rate of 122 per cent。
The exchange of second-hand rooms in cities on the 3rd and 4th line also showed a steady decline, with 6 cities having a trade of 1. 89 million square metres in november, an increase of 37 per cent over the same period, 3 per cent over the same period and a cumulative increase of 3 per cent over the same period。
The new room is ready for the end of the year
On 21 november, the ministry of housing and construction convened a national urban renewal promotion conference, which stated that “the ccp central office and the state council's office's views on the sustainable development of urban renewal initiatives should be carefully followed up and should be tailored and innovative, focusing on four areas of planning, financing, operation and governance”。
In the view of cao jingqing, the advancement of the national urban renewal effort will make clear the deployment of high-quality initiatives to promote urban renewal, emphasizing the precision of the four dimensions of planning, financial security, operational efficiency and governance upgrading. The short-term real estate policy is expected to continue to focus on the stabilization of the market, such as unreasonable restrictions on the clean-up of housing consumption, the reduction of the cost of home purchase, and increased efforts to implement urban improvement。
According to it, in november the average cost of new housing in 100 cities was $17,036 per square metre, an increase of 0. 37 per cent and 2. 68 per cent over the same period. High-end improvement projects in shanghai, chengdu, hangzhou, ningbo and others have led to an increase in the price of new housing in the first and second-line cities and a decline in the same-line ratio, mainly through the digestion of existing stocks。
Of these, the price of new housing in the first-line cities rose by 0. 75 per cent, or 6. 66 per cent, the same year; in the second-line cities, by 0. 36 per cent, or 1. 89 per cent, the same year; and in the third-line, by 0. 18 per cent, or 1. 55 per cent, the same year。
“at the end of the year, the housing company entered the performance sprint phase, with a projected increase in the number of quality new discs in the core cities, and the new housing stock is expected to be cut off.”。
