Thursday, November 12, 2015

The 21st century business Herald housing inventory rose again after 5 months

On November 11, the statistics released in October before the real estate data, by the end of October, national sale 686.32 million square meters of commercial housing in September, increased 21.22 million square meters at the end. Among them, the homes for sale area of 11.8 million square meters, building area of 560,000 square meters for sale, commercial business premises for sale area of 7.09 million square meters.

5 months ago, and, according to the data of statistics by the end of May, 656.66 million square meters of real estate for sale, 150,000 square meters less than in late April, when was this round since the downturn in the housing market, real estate for sale area are reduced.

In other words, housing inventory continue after new deal after first reducing inventory, rose once again.

On November 10, the General Secretary of the CPC Central Committee, State President, and Chairman, Central Finance and Economics leading group leader XI Jinping hosted Central Finance and Economics leading group at its 11th meeting to resolve real estate inventory, promote sustainable and healthy development of the real estate.

This is also 18 since the XI for the first time for real estate to inventory statement. Local government money does not work to foreign

Is in need of attention, inventory issues there is significant differentiation, which one or two tier inventory data eased, but three or four cities still has a big pressure on the stock.

In addition to inventories are reduced, slowing real estate sales rose, the real estate investment continued to drop, is the Central Finance and Economics leading group at its 11th meeting to resolve real estate inventory, promote sustainable and healthy development of the real estate of another layer of logic.

According to statistics, in October, national real estate investment 7.8801 trillion yuan, 2% per cent nominal growth, growing faster than the 1 – September down 0.6%. Residential investment 5.315 trillion yuan, an increase of 1.3%, down 0.4% pace. Residential investment as a percentage of investment in real estate development for 67.4%.

Since the beginning of 2014, investing in real estate data, falling, and hit a record low.

Need to be aware of is that October gains slowing real estate sales data, statistics, 1 to October, sales 948.98 million square meters of commercial housing, an increase of 7.2%, is growing much faster than 1-September down 0.3%. Among them, the home sales in area 7.9%, 13.4% Office sales growth, commercial business premises sales area increased to 1.5%. Commercial housing sales of 6.479 trillion yuan, an increase of 14.9%, down 0.4% pace. Among them, the residential sales 18%, 19.2% Office sales growth, commercial business premises 2.2% drop in sales.

The comparison, in October, the national sales area of 119.9 million square meters of commercial housing, per cent decline in September of 132.33 million square meters more than 10 million square meters.

On the causes of declining sales, Senior Statistician of the NBS investment Division introduced Li Jiao, a non-commercial housing sales growth in key cities fell. 1-in October, the key commercial area of the city is growing much faster than 1-September 0.4% to drive national sales as a whole down focus and growth in commercial area of the city with 1-the same as in September, the market is stable. Second, large residential sales growth dropped greatly. 1-in October, the area of 144 square meters of luxurious residential sales growth rate down 1.2% 1-September; and 90 square metres and small family area and 90-144 square metres medium-size residential sales growth down 0.4 and 0.1%, respectively. Third, base effects. Last October, total sales declined to 1.6%, decline narrowed sharply in September 8.7%, make this year than the 1 – September 1 – October base has gone up significantly.

In October, the real estate climate index (the national housing climate index) 93.34, 0.06 points lower than last month.

In addition, the data related to real estate and real estate investment area of land acquisition are still falling, October, real estate land buy fell 33.8%, 25.2% decline in the price of land, but benefited from "double flat" and sales pick up, 1 before-in October, housing construction area of 7,078,050,000 square meters of real estate development enterprises, an increase of 2.3%.

Real estate investment's slide has a serious drag on economic growth, and sustained front-end data affecting the real estate investment is high inventory data.

Many industry insiders believe that since the XI 18 after its first reaction to the inventory, follow focus again three or four cities to inventory policies or order out.

(Edit: Hu xinxin)

Source: the 21st century business Herald

Original title: housing inventory rose again after 5 months, XI Jinping to the inventory logic

Last updated: 11/12 22:02

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