Compared with the off-season in August of previous years, the market recovery in August this year was outstanding. The transaction price and transaction scale in 100 cities are both increasing year-on-year.

Although the market in many hotspot cities has cooled down under the control of the regulation, the number of market launches in key cities has continued to increase, weakening the effect of the off-season.

　　According to statistics from the Zhongzhi Research Institute, in the first eight months of this year, there were 19 real estate companies with sales of more than 100 billion yuan, the same number as last year.

Although last year's "Golden Nine" failed, the industry has given greater expectations for this year's "Golden Nine".

New house prices in Chengdu and Hangzhou rose by over 8% year-on-year

　　The 100-city price index released by the China Index Research Institute shows that the average price of newly-built houses in 100 cities across the country in August was 15,605 yuan/square meter, an increase of 0.50% from the previous month, and the increase was larger than that in July; from a year-on-year perspective, it rose by 3.34%. The increase was 0.13 percentage points larger than that in July.

　　Cheng Wei, director of the Index Division of the China Index Research Institute, believes that the property market in second-tier cities has tightened in August, while the price increase of new houses in third- and fourth-tier cities in the Yangtze River Delta has been relatively more prominent, such as Yangzhou, Changzhou, and Shaoxing.

　　Although the overall upward trend of housing prices in August has not changed, the prices of newly built houses in 16 cities including Zhongshan and Ganzhou have fallen year-on-year.

Among them, the price of newly built residential buildings in Zhongshan fell by 2.99% year-on-year; 5 cities including Ganzhou and Tianjin fell between 1.0% and 2.0%; and 10 cities such as Guilin and Hengshui fell within 1.0%.

　　From a sample of ten major cities such as Beijing and Shanghai, the average price of newly-built houses in August was 28,151 yuan per square meter, an increase of 0.60% from the previous month, of which Hangzhou increased by 1.02% from the previous month; Chongqing (main urban area), Wuhan, Guangzhou, Shanghai and The month-on-month increase in Chengdu was between 0.5% and 1.0%; only one city, Tianjin, fell.

　　From a year-on-year perspective, the average price of newly-built houses in the top ten cities in August rose 3.78% year-on-year.

Only in Tianjin and Beijing, the average price of newly built residential buildings fell year-on-year, 1.31% and 0.12% respectively.

The prices of newly built residential buildings in Chengdu, Hangzhou and Shanghai rose 11.83%, 8.86%, and 5.51% year-on-year respectively.

　　Regarding the scale of market transactions, Huang Jing, research director of the Corporate Business Department of the Zhongzhi Research Institute, concluded, “August of previous years was a low season, but this year due to the release of short-term demand, the market’s enthusiasm was relatively high. It is relatively large, which has weakened the effect of the off-season as a whole. From the current point of view, the overall transaction size in August is relatively high compared with the same period in previous years, with an increase of about 20%. Therefore, the market recovery performance is relatively prominent.

　　Changes in the price index of newly built houses in the top ten cities in August this year

Data source: Zhongzhi Research Institute

　Increased differentiation of real estate sales growth

　　In the past two weeks, the performance of listed real estate companies in the first half of the year has been released. From the performance of real estate companies in the first half of the year, under the multiple impact of the new crown pneumonia epidemic and continued property market regulation, most listed real estate companies have achieved steady growth in the first half of the year.

　　According to statistics from the Zhongzhi Research Institute, in the first half of 2020, the average year-on-year growth rates of operating income and net profit of 28 representative real estate companies were 16.1% and 3.6% respectively.

Among them, the net profit of China Overseas Development reached 22.80 billion yuan, and the net profit of Binjiang Group increased by 72.9% year-on-year.

Overall, real estate companies are gradually getting out of the impact of the epidemic and showing a good recovery trend.

　　Looking at the sales of real estate companies in the first eight months of this year, the average sales of TOP100 real estate companies was 73.09 billion yuan, and the average year-on-year growth rate was 4.9%.

It is worth noting that in August, the average year-on-year growth rate of sales of TOP100 real estate enterprises reached 21.4%.

　　Although the overall sales growth rate of real estate companies rose in the first eight months of this year, the camp split continued.

Statistics from the Zhongzhi Research Institute show that there are 19 real estate companies in the camp of more than 100 billion yuan, the number of which is the same as last year, and the average year-on-year growth rate of sales of the 19 real estate companies in the first eight months is 3.7%.

The average year-on-year growth rate of sales for the first 8 months of the 50-100 billion camp real estate companies was 5.5%.

The average year-on-year growth rate of sales for the first 8 months of the 20 billion-50 billion camp real estate companies was 6.4%.

The sales growth rate of the housing companies in the 10 billion-20 billion camp in the first 8 months was 1.3%, and the sales of the housing companies in the camp below 10 billion decreased by 8.3% year-on-year.

　Industry: The market size is expected to maintain growth in the third quarter

　　As we all know, in the first half of 2020, affected by the epidemic and other factors, the average growth rate of real estate business revenue and net profit has declined significantly, but the overall scale of real estate business revenue and net profit has maintained a growth trend.

Many real estate companies have improved their profitability by further controlling costs and improving their operational management.

At present, real estate companies are gradually getting out of the impact of the epidemic, showing a good recovery trend.

　　From the perspective of the entire third quarter, Huang Jing analyzed that in July, the market was released in the previous suppressed demand, coupled with a relatively loose lending environment, resulting in a relatively large transaction scale, higher than the same period last year.

It is expected that under the influence of the current market effect, the market size in September is likely to remain high.

　　Huang Jing also said that although last year's "Golden Nine" effect was not very good, in September this year, under the background of tightening expectations and strengthening of policies, the enthusiasm of short-term market launches will be very high.

Therefore, on the whole, the market size in the third quarter will be relatively large, and there should be no problem in maintaining a year-on-year growth trend.

However, with the tightening of regulations to prevent systemic financial risks in real estate, the real estate market is expected to stabilize in the future.

　　Beijing News reporter Yuan Xiuli