Beijing, 8 Aug (ZXS) -- Fu Linghui, spokesman of China's National Bureau of Statistics and director of the Department of Comprehensive Statistics of the National Economy, said in response to a reporter's question at a press conference of the State Council's new office on 15 August that the real estate market is generally in the stage of adjustment, and some real estate enterprises have encountered certain difficulties in their operations, especially the debt risks of some leading real estate enterprises have been exposed, affecting market expectations. However, we must see that these problems are staged, with the gradual role of the market adjustment mechanism, the adjustment and optimization of real estate market policies, the risks of housing enterprises are expected to be gradually resolved.

According to official data released on the same day, from January to July, the national real estate development investment was 1,7.67717 billion yuan (RMB, the same below), down 8.5% year-on-year. Yan Yuejin, research director of the E-House Research Institute, said that the indicator is generally in a trend of expansion. This is related to the weak scale of land supply in various places and the poor capital situation of housing enterprises.

Another new housing start, which reflects supply-side expectations, also continued to weaken. Data show that from January to July, the area of new housing starts nationwide fell by 1.7% year-on-year. Yan Yuejin pointed out that the newly started area of housing reflects the ability and potential of the investment side of housing enterprises, and the decline in the newly started area means that the real estate supply side is still weak.

From the demand side, from January to July, the sales area of commercial housing fell by 1.7% year-on-year; The sales volume of commercial housing was 6.5 billion yuan, down 70450.1%. Market confidence is still insufficient, and the property market is generally in the adjustment stage.

However, Yan Yuejin believes that there is room for continuous improvement on the sales side. The reason is that macroeconomic fundamentals are generally developing well, some lagging demand in the second quarter will be released in the third quarter, the adjustment of local housing purchase policies is coming one after another, and the real estate market has begun to stabilize.

Fu Linghui also pointed out that recently, the first-tier cities in Beijing, Shanghai, Guangzhou and Shenzhen have spoken out intensively, saying that they want to support and better meet the rigid and improved housing needs. Some second- and third-tier cities are also introducing new real estate control policies, and the adjustment and optimization of real estate policies in various places will help boost market confidence. With the economic recovery, the increase of residents' income, and the effectiveness of real estate market optimization policies, residents' housing consumption and housing enterprises' willingness to invest are expected to gradually improve. (End)