China News Service, Beijing, June 16 (Reporter Pang Wuji) Affected by factors such as the continued tightening of property market regulation, the growth rate of many core indicators such as China's real estate development investment and sales continued to slow down from January to May this year.
According to data released by the National Bureau of Statistics of China on the 16th, from January to May, the national real estate development investment was 5431.8 billion yuan (RMB, the same below), an increase of 18.3% year-on-year, and the growth rate slowed by 3.3 percentage points compared with the first four months. .
The growth rate of real estate development investment has fallen from the high of 38.3% in January-February this year for three consecutive months.
The sales area and sales of commercial housing also continued to decline in cumulative growth.
Data show that from January to May, the sales area of commercial housing in China was 663.83 million square meters, an increase of 36.3% year-on-year; the sales of commercial housing was 7053.4 billion yuan, an increase of 52.4%.
The growth rates of these two indicators reached 104.9% and 133.4% in the first two months of this year, respectively, and they have declined month by month for three consecutive months.
Zhang Dawei, chief analyst of Centaline Real Estate, pointed out that due to the impact of the epidemic, the base of various real estate indicators last year was relatively low, which also led to an astonishing increase in real estate sales and investment in the first half of this year.
However, in absolute terms, the housing market remained hot in the first half of this year, with real estate sales exceeding 7 trillion yuan from January to May, setting a record high.
With the upgrading of regulatory policies, the growth rate of the transaction volume of commercial housing continued to slow down.
According to statistics from the Shell Research Institute, in May, 13 cities including Nanjing, Beijing, Shenzhen, Xi’an, Ningbo, Shanghai, Huzhou, Jiaxing, Haikou, Zhengzhou, Shaoxing, Chengdu, and Hefei issued 15 real estate control policies. It has been regulated many times and is an upgrade of the previous policy. Relevant policies have been introduced from the perspectives of purchase restrictions, sales restrictions, public lottery, reluctant sales, and population settlement.
According to data from the Shell Research Institute, in May, the commercial housing market in first-tier cities remained the most active, but the rate of decline was the fastest.
In the same month, the cumulative growth rate of commercial housing transaction area in first-tier, second-tier, third- and fourth-tier cities was 92%, 53%, and 41%, respectively. The growth rate of first-tier cities fell the most from the previous month, which was 26 percentage points.
From the perspective of the average transaction price of commercial housing, according to the data released by the National Bureau of Statistics on the same day, the average sales price of commercial housing was about 10,625 yuan per square meter from January to May, a year-on-year increase of 11.8% and a month-on-month decrease of 1.2%. The price has generally stabilized.
Pan Hao, a senior analyst at the Shell Research Institute, predicts that in the short term, the upgrading of the property market in key cities will continue, which will have a better stabilizing effect on commodity housing prices. (Finish)