日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

US EUROPE AFRICA ASIA 中文
Business / Industries

Fewer cities see home prices rising

By Hu Yuanyuan (China Daily) Updated: 2012-09-19 09:12

Industry experts expect real estate restrictions to remain in place

China's house price hike abated in August, as fewer cities saw price increases than in the previous month, the National Bureau of Statistics said on Tuesday.

Among the 70 major cities in China, 36 experienced a month-on-month increase in August, compared to 50 in July. The average price increase was no more than 1.3 percent. And 20 cities saw a price drop, compared with nine in July, according to the bureau.

Fewer cities see home prices rising

?

"After a strong sales rebound in the past few months, part of the market demand has been met. If the policy remains unchanged and new demand cannot catch up, the market will gradually return to normal," said Zhang Lei, an analyst with Beijing-based real estate consultancy Century 21st.

The pre-owned home market remained stable in August, with prices picking up on a monthly basis in 38 cities, the same figure as in July, the bureau said.

China has tightened its curbs on the property sector since 2010 in an effort to return rocketing house prices back to a reasonable level. The government has restricted purchases in cities while requiring higher down payments and introducing property taxes.

Recent government policies to bolster a slowing economy, including interest rate cuts in June and July, helped boost demand for housing and fuel expectations of price rises.

Government officials have said property price curbs will remain in place.

Gu Yunchang, deputy head of the China Real Estate and Housing Research Association, said there is little chance of prices rebounding substantially as customer demographics have changed.

Compared with 2007 or 2010, self-use buyers now dominate the market due to the policies restricting the number of homes a family can purchase.

"They are more sensitive to price fluctuations and their purchasing power is not as strong as investment-oriented buyers, therefore a major rebound will definitely restrain their demand," said Gu.

Home sales in major cities fell in September after a strong rebound in the previous few months, according to Century 21st.

As of Saturday, around 7,500 new apartments had been sold in Beijing, down 7.4 percent month-on-month. Shenzhen and Chengdu both saw new home sales drop around 30 percent over the previous month. Shanghai, however, experienced an increase of 7.4 percent on a monthly basis.

"I would expect prices and sales to continue to pick up until the end of the year, but at a slower rate," said Carbly Xie, head of research at real estate consultancy Colliers International (Beijing).

The price increases are also related to the location of the projects. As property prices in city centers have increased at a rapid pace in the past few months, those in suburban areas remain stable.

One of Beijing Capital Land's projects, Capital International Peninsula - a project in Wuqing district, Tianjin for instance, saw its prices remain almost unchanged over the past three months, even though sales were brisk.

Yang Hongxu, deputy director of E-house China Research and Development Institute in Shanghai, said the recovery in sales will continue and the performance of large-scale property developers will be better than their smaller counterparts

In the latest report from the China Index Academy, a real estate research institution in Beijing, large-scale developers further strengthened their position after the market correction. And a number of them have raised their sales targets for this year as sales rebounded.

Hong Kong-listed China Overseas Property Ltd, for instance, saw its sales hit HK$83.28 billion ($10.74 billion) in the first eight months, exceeding this year's target of HK$80 billion. Therefore, it lifted its target for 2012 to HK$100 billion. China Resources Land Ltd also raised this year's sales target from 40 billion yuan ($6.33 billion) to 50 billion yuan.

No policy easing

On the policy side, most industry analysts and economists said the nation's real estate policies are very likely to remain unchanged for the remainder of the year.

"China's economic situation is still OK, and there is no need to relax rigorous property policies," said Wang Haifeng, director of international economics at the Institute for International Economic Research, a think tank at the National Development and Reform Commission.

Despite the sluggish economic data in the past few months, more than half of China's leading economists said the GDP growth may still hit 8 percent this year, fueled by the government's recent efforts to boost the economy, according to a recent survey by NetEase, a major portal website in China.

The majority of economists said the government's efforts to stabilize the economy would take effect and GDP growth would reach 8 percent.

Yet concerns are rising that the launch of a third round of quantitative easing, or QE3, by the United States may mean higher prices.

The impact of QE3 on China's property market will be complicated and limited, depending on the Chinese central bank's next move, said Yi Xianrong, a finance researcher at the Chinese Academy of Social Sciences.

QE3 will increase market liquidity, which may push up inflation and house prices, said Yang from E-house China Research and Development Institute. However, he added that a pickup in inflation may then force policymakers to hit the credit brakes and thus check further house price rises.

Xinhua contributed to this story.

huyuanyuan@chinadaily.com.cn

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 国产综合日韩 | 成人一区二区视频 | 亚洲一级黄色 | 成人亚洲一区 | 亚洲自拍天堂 | 国产精品免费一区二区三区都可以 | 伊人网免费视频 | 欧美性猛交bbbbb精品 | 欧美一级欧美三级 | 欧美天堂在线视频 | 久久夜视频 | 久久青青国产 | 日韩在线精品视频 | wwwwww国产| 久久国产中文字幕 | 黄色福利 | 亚洲日本中文字幕在线 | 国产精品麻豆免费版 | 伊人久久网站 | 日韩a√| 色综合天天综合网国产成人网 | 久久五月天综合 | 国产一二三区在线 | 五月天综合在线 | 欧美另类综合 | 丁香花五月婷婷 | 黄色小网站在线观看 | 色多多av| 中文字幕av免费 | 五月婷婷社区 | 亚洲精品国产欧美在线观看 | 中文字幕在线观看91 | 欧美中文字幕第一页 | 校园春色第一页 | 中文一区二区 | 午夜影片| 欧美精品第一页 | 最新在线黄色网址 | 日韩欧美一二三 | 在线观看成人小视频 | 三级亚洲欧美 |