China News Service, Beijing, September 28 (Reporter Pang Wuji) Affected by the tightening of regulation and control in hot cities, the "Golden Nine" of China's property market in 2020 has not appeared.

　　The Shell Research Institute released a series of reports on the third quarter property market on the 28th, showing that in the third quarter of 2020, the total transaction area of ​​new housing markets in 66 monitored cities in China increased by 1.1% year-on-year and 0.1% month-on-month.

The trading volume rose steadily and slightly, without significant fluctuations.

　　September and October each year is the peak season for the traditional property market, usually called "Golden Nine Silver Ten".

However, this September did not lead to a rapid increase in new house transaction data in the third quarter.

　　Since July, Shenzhen, Nanjing, Hangzhou, Chengdu and other cities have introduced regulatory and upgrade policies to combat real estate speculation and prevent market fluctuations in the "Golden Nine and Silver Ten".

On the 28th, the Tangshan property market was adjusted and upgraded. The down payment ratio for second home loans was increased from 40% to 50%. At the same time, it was proposed to increase land supply and increase the ratio of land for price-limited housing.

With the initial effect of the regulation, the new house market transactions remained stable in September.

From January to September, the cumulative transaction area of ​​the 66-city new housing market was still in a falling range, down 8.8% year-on-year.

　　The second-hand housing market has also stabilized.

In the third quarter, the transaction high of the second-hand housing market in 18 key cities dropped slightly.

According to data from the Shell Research Institute, the actual transaction volume of second-hand housing in key 18 cities in the third quarter fell 9% from the previous month, but it was still at a high level since 2019.

In the first three quarters, the cumulative transaction volume of the second-hand housing market in 18 cities increased by 4% year-on-year, surpassing the same period last year for the first time this year. The impact of the epidemic on the second-hand housing market in key cities has been filled.

　　From the perspective of house prices, second-hand housing prices continued to rise mainly in the third quarter, with second-hand housing prices rising in 14 of 19 cities.

However, with the decline in transactions, the average price increase momentum in key cities has gradually lost, and the increase in housing prices in more than 70% of cities has narrowed or even turned down.

For example, the price increase of second-hand housing in Shenzhen, a hot city in the previous period, narrowed by nearly 3 percentage points from the previous quarter, and monthly second-hand housing prices have stopped rising and flattening.

During the same period, the transaction volume of second-hand housing in Shenzhen dropped by nearly 50% year-on-year, and the market has cooled significantly.

The month-on-month increase in second-hand housing prices in Beijing also narrowed significantly from 3.2% in the second quarter to 0.7%.

House prices rose moderately and gradually stabilized.

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