China News Service, October 24 (Zhongxin Finance reporter Zuo Yukun) On October 24, data released by the National Bureau of Statistics showed that the sales price of commercial residential buildings in September showed a general downward trend.

The sales prices of newly-built commercial housing and second-hand housing in first-tier cities dropped one month-on-month and remained flat, while those in second- and third-tier cities dropped month-on-month.

　　Specifically, among the 70 large and medium-sized cities, the number of cities where the sales price of commercial housing dropped, and the number of cities where the sales price of newly built commercial housing and second-hand housing dropped month-on-month were 54 and 61, respectively, an increase of 4 and 5 from the previous month.

Data map: Chengdu, Sichuan, Tianfu overpass.

(UAV photo) Photo by China News Agency reporter Zhang Lang

Tier 1 cities are also under pressure

　　According to data from the National Bureau of Statistics, in September this year, the sales price of newly built commercial housing in first-tier cities turned from a month-on-month increase of 0.1% to a decrease of 0.1%; the sales price of second-hand housing remained unchanged from the previous month.

　　Li Yujia, chief researcher of the Housing Policy Research Center of the Guangdong Provincial Urban Planning Institute, pointed out that after the growth rate of first-tier cities continued to narrow from July, the first decline this year occurred in September. The city as a whole changed from rising to falling.

　　"The overall price of new houses in first-tier cities fell month-on-month in September, which is a rare phenomenon." Zhang Bo, director of the branch of 58 Anju Room Real Estate Research Institute, pointed out that the trend of falling house prices continues to spread to the first-tier cities, which means that the cooling surface is expanding, and policy Further additions are expected in the future.

　　In addition, the sales prices of new commercial housing and second-hand housing in second-tier cities fell by 0.2% and 0.3% month-on-month, respectively, the same rate of decline as the previous month; Same as last month.

　　"The continuous decline of first- and second-hand housing in second-tier cities is a signal that the effectiveness of the policy has not been fully reflected in the market, especially the adjustment of the mortgage and provident fund policies has not formed an overall pull on the market, the relaxation of purchase restrictions and the preferential tax and fee policies. It is expected that the follow-up will be accelerated." Zhang Bo said.

The sales price index of new commercial residential buildings in 70 large and medium-sized cities in September 2022.

Screenshot from the official website of the National Bureau of Statistics

New home prices in Chengdu and Hefei lead the rise

　　However, in the overall cold real estate market, there are still some cities whose performance is eye-catching.

　　In terms of new houses, Chengdu and Hefei tied for the first place with a month-on-month increase of 0.7%, while Hangzhou and Dali also experienced relatively high increases.

　　"Chengdu's property market recovered quickly after the epidemic, and once again ranked first in the growth rate, with strong gains. In addition, since August and September, Hefei has carried out a two-month special treatment on problems such as unfinished buildings, and achieved good results. Market confidence and Homebuyers are expected to have improved," said Chen Xiao, senior analyst at Zhuge Housing Data Research Center.

　　In terms of second-hand housing, first-tier cities are still relatively strong.

Shanghai led the way with a month-on-month increase of 0.5%, followed by Beijing with a month-on-month increase of 0.4%, and Chengdu and Kunming also maintained their gains.

　　The strong performance of Beijing and Shanghai also kept the prices of second-hand housing in the first-tier cities flat month-on-month.

Chen Xiao said that the first-tier cities in Shanghai and Beijing still maintain their dominant positions. Despite the overall poor market conditions, they still rely on strong purchasing power to support the stability of housing prices, taking the lead in recovering among cities across the country.

Second-hand residential sales price index in 70 large and medium-sized cities in September 2022.

Screenshot from the official website of the National Bureau of Statistics

Market repair still needs confidence boost

　　"The lack of recovery in the property market in September is directly related to the lack of market confidence. Market confidence includes industry confidence and homebuyer confidence. Industry confidence will mainly affect land acquisition and construction start, and industry confidence will also indirectly affect homebuyer confidence. "Zhang Bo believes that most cities have not yet achieved a turnaround. Although there are a large number of potential home buyers, the confidence to enter the market is still insufficient, and a single property market policy is not enough to stimulate a rapid recovery in confidence.

　　Li Yujia also said that the delivery of buildings and the sales side are two key indicators, and they are related to whether the confidence on the demand side can be stabilized.

The National Bureau of Statistics released real estate data for the first three quarters of this year on the 24th, showing that the property market is showing good signs.

　　Specifically, from January to September, the area of ​​completed housing across the country fell by 19.9%, and the decline narrowed for two consecutive months; at the same time, the area of ​​commercial housing sold nationwide fell by 22.2%, 0.8 percentage points lower than that from January to August, and it has continued to decline. narrowed for two months.

　　"It shows that the policies of the state and various regions to guarantee the handover of buildings have been strengthened recently, and positive results have been achieved; and in the early stage, the countries and regions have actively bailed out the property market, including the significant reduction of LPR again in August, the reduction of the down payment for second homes in hot cities, and the increase in the amount of provident funds. It also played a positive role." Li Yujia said.

　　According to the data of the middle index, in the two weeks after the National Day holiday in October, the transaction area of ​​new houses in key cities continued to increase month-on-month, and the year-on-year decline narrowed.

　　Chen Wenjing, the market research director of the Index Division of the China Index Research Institute, believes that in the short term, the rhythm of optimizing policies in various regions is expected to continue, and the policy effects may be further manifested. In addition to the weakening of the high base effect in the same period last year, the year-on-year decline in the sales of commercial housing across the country is expected to continue to narrow. Market sentiment may recover further.

(Finish)

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