In April, prices in 70 large and medium-sized cities rose slightly, and the regulators strictly investigated illegal funds and entered the market.

　　To prevent excessive housing price rises in individual cities

　　Reporter Wang Yichen

　　□ In April, with the further release of housing demand, the real estate market prices in 70 large and medium-sized cities continued to rise slightly and were generally stable.

　　□ At the same time as the property market recovers, there are also “murmurs” such as “housing loans” and other real estate loans. The central bank and relevant localities quickly and thoroughly checked the relevant situation, once again showing the determination of the supervisory authorities to implement "no housing, no speculation".

　　On May 18, the National Bureau of Statistics released statistical data on changes in commodity housing sales prices in April. Kong Peng, chief statistician of the City Department of the National Bureau of Statistics, said that in April, as China's new coronary pneumonia epidemic prevention and control situation was further consolidated, economic and social order was further restored, and housing demand was further released. The real estate market prices in 70 large and medium-sized cities continued to rise slightly, but overall they remained relatively stable.

　　In April, the sales prices of newly built commercial housing and second-hand housing in all tier cities rose the same month-on-month or slightly expanded. According to preliminary estimates, the sales prices of newly built commercial housing in four first-tier cities rose by 0.2% month-on-month, the same rate as last month. Among them, Beijing fell 0.3%, Shanghai rose 0.6%, and Guangzhou and Shenzhen remained unchanged. Second-hand residential sales prices rose by 1.1% month-on-month, an increase of 0.6 percentage points from the previous month. The sales prices of newly built commercial housing and second-hand housing in 31 second-tier cities rose by 0.5% and 0.4% respectively, an increase of 0.2 percentage points from the previous month. In 35 third-tier cities, due to factors such as lower price levels, the sales price of newly built commercial housing rose by 0.6% month-on-month, an increase of 0.4 percentage points from the previous month, and was higher than that of first- and second-tier cities. The increase was 0.1 percentage point higher than last month.

　　According to the data, after the overall return of the housing market to normal in March, the popularity of many cities in April quickly increased, and the overall pace of recovery in the property market was significantly faster than expected. Urban housing prices have started to rise, and the real estate market is still in a stable and improving development trend.

　　Judging from the number of cities where house prices have risen and fallen, the number of newly-built commercial housing sales prices has risen in 50 cities, a significant increase from the 38 in March. The price of new houses fell from the last 22 cities to 11 cities. "Similar data shows that in recent years, all types of cities have generally seen an increase in price increases. This also shows that some cities have recently stepped out of the trough in February. Under the circumstances of poor performance in other investment markets, real estate The market has become a safe haven, and it is easy to make house prices rise stronger, and the number of cities with price increases will increase. It is necessary to prevent the phenomenon that house prices rise too fast in some cities in the future. "Said Yan Yuejin, research director of the Think Tank Center of E-House Research Institute.

　　It is worth noting that while China ’s GDP fell by 6.8% year-on-year in the first quarter, housing prices in core cities abnormally rose, and luxury residential sales in some cities were hot. The orderly release of accumulated self-occupation demand has promoted the gradual recovery of the property market. At the same time, there have also been “murmurs” such as “housing loans” and speculation on housing loans. For such phenomena, the central bank and relevant places quickly and thoroughly checked the relevant situation, once again showing the determination of the regulators to implement "housing, housing and speculation".

　　In terms of policy, the Ministry of Finance made it clear on April 3 that local government special bonds cannot be used for land storage and real estate-related projects. On April 17, the Politburo meeting of the CPC Central Committee once again reiterated the positioning of "no housing, no speculation" to promote the stable and healthy development of the real estate market. On April 22, the China Banking and Insurance Regulatory Commission required banks to monitor the flow of funds and resolutely rectified the illegal inflow of loans into the real estate market.

　　At the same time, some favorable policies of the real estate industry are also released. On April 3, the Ministry of Finance included the transformation of old urban communities into the scope of local government special bonds; on the 10th, the Shanghai government announced support for the reasonable financing needs of real estate companies and encouraged financial institutions to increase financing support for the renovation of old communities; On the 30th, the CSRC and the National Development and Reform Commission jointly issued a document to promote the pilot work of REITs in the field of infrastructure. According to industry insiders, these policies indicate that housing companies may receive support for financing of old residential renovation, sales repayment and PPP project construction.

　　Shell Research Institute believes that the future industry opportunities are mainly in the field of stocks, including the field of housing replacement brokerage, old community transformation and urban renewal. A large number of house replacement needs will occur in the stock market. From the perspective of the renovation of old communities, there are 170,000 old communities in China with an area of ​​nearly 4 billion square meters in 2019, and they are gradually increasing. Judging from recent policy trends, social forces will accelerate participation in the process of renovating old communities.

　　The China Index Research Institute predicts that the main tone of property market regulation will remain unchanged in the future, and the central government will continue to adhere to the "housing, housing, and speculation" position to maintain the continuity, consistency, and stability of real estate financial policies. Under the guidance of the government's policy of "stabilizing land prices, stabilizing housing prices, and stabilizing expectations", local governments will still flexibly implement policies to ensure the stable operation of the real estate market.