China News Service, Beijing, October 20 (Reporter Pang Wuji) According to data released by the National Bureau of Statistics of China on the 20th, the price increase of newly built commercial housing in large and medium-sized cities in the first, second and third tiers all declined in September.
The data released on the same day showed that among the 70 large and medium-sized cities in September, the price of newly-built commercial housing in 55 cities rose month-on-month, 7 cities remained the same month-on-month, and 8 cities fell.
That month, the number of cities where housing prices rose from a month-on-month period dropped significantly, 4 less than in August, the lowest value in the past five months.
From the perspective of the average increase in housing prices, according to Yan Yuejin, research director of the Think Tank Center of E-House Research Institute, the price index of newly built commercial housing in 70 cities across the country increased by 0.3% month-on-month in September and 4.5% year-on-year.
Compared with the data in August, both the month-on-month and year-on-year growth rates have narrowed.
Yan Yuejin believes that this shows that the new housing market in many cities is in the stage of price reduction and promotion, and housing prices will not rise too strongly.
In addition, in September this year, the supply of new houses across the country was relatively large, so the marketing competition between real estates was under great pressure, which also contributed to the narrowing of the price increase.
From the perspective of housing prices in various tier cities, Sheng Guoqing, a senior statistician at the City Department of the National Bureau of Statistics, said that in September, according to preliminary calculations, the sales prices of newly built commercial housing in four first-tier cities increased by 0.4% month-on-month, 0.2 percentage points lower than the previous month.
Newly built commercial residential buildings in 31 second-tier cities rose by 0.3%, a decrease of 0.3% from the previous month.
The sales price of newly-built commercial residential buildings in 35 third-tier cities rose by 0.5% month-on-month, and the increase was 0.5% lower than the previous month.
Xu Xiaole, chief market analyst at the Shell Research Institute, believes that among the 70 cities in September, the number of cities where the price of new and second-hand houses increased by more than 1% month-on-month dropped from 10 or more in August to 3 or less.
Demand release has entered the plateau period and the expected decline has led to a narrower price increase.
He believes that as market expectations fall due to intensive control and demand release is weak, it is expected that housing prices in key cities in the fourth quarter will change steadily or slightly.
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