On May 17, the National Bureau of Statistics of the Communist Party of China (NBSC) released the “Changes in the Sales Prices of Commodity Residential Units in 70 Large and Medium-sized Cities in April 2021”, which showed that house prices in mainland cities expanded year-on-year, with prices rising in over 80% of cities. However, the local authorities of the Chinese Communist Party launched nearly 100 regulation and control measures on the property market in April, but still failed to suppress the rise in property prices.
Comprehensive mainland media news, in the new residential, data show that four first-tier cities in Beijing, Shanghai, Guangzhou and Shenzhen residential sales prices rose 0.6% in the chain, an increase of 0.2 percentage points over the previous month, of which, Beijing, Shanghai, Guangzhou and Shenzhen rose 0.6%, 0.3%, 1.1% and 0.5% respectively; year-on-year rose 5.8%, an increase of 0.6 percentage points over the previous month.
31 second-tier cities new commodity residential sales prices rose 0.6 percent, up 0.1 percentage points over the previous month; up 4.9 percent year-on-year, up 0.1 percentage points over the previous month.
New commodity residential sales prices in the 35 third-tier cities rose 0.4% YoY, up 0.1 percentage points from the previous month; up 3.9% YoY, up the same rate as last month.
Second-hand residential, sales prices in first-tier cities rose 0.8%, up 0.2 percentage points from the previous month; sales prices in second-tier cities rose 0.5%, up 0.1 percentage points from the previous month; sales prices in third-tier cities rose 0.3%, flat from the previous month.
The data show that the line cities of new commodity residential sales prices continue to expand year-on-year, the year-on-year increase in second-hand residential rise has risen and fallen.
The report said the survey included the municipal districts of the cities, but not the counties.
According to Caixin news, the number of cities with rising new commodity residential prices in April was the highest level in the past 21 months.
Chen Xiao, an analyst at the Zhuge Finder Information Research Center, said in response that, overall, price increases in cities of all grades have expanded, and the heat in first-tier cities is gradually being transmitted to second- and third-tier cities.
Data from the National Bureau of Statistics show that in April, new commodity housing prices rose in the top ten cities in terms of ringgit, including Chongqing and five provincial capitals. Chongqing’s new commodity housing sales prices rose 1.4 percent, the highest year-over-year increase in the country, followed by Guangzhou, Wuhan, Haikou and Kunming.
Guangdong housing policy research center chief researcher Li Yujia said this, Chongqing for the first time in the chain led the hot cities, showing that with the escalation of regulation by level, the property market heat from the first-tier cities conducted to the second-tier hot spots, general second-tier cities. The top cities, basically weak second-tier cities. First- and second-tier hot cities were regulated, but non-hot second-tier began to rise.
In the face of the property market heat does not recede, the local authorities of the Communist Party of China frequently launched regulatory and control measures and, according to the statistics of the Central Research Institute, in April, more than 30 cities issued new regulation and control, the cumulative number of regulation and control nearly 100 times, including Guangzhou, Hefei, Nantong, Xuzhou, Ningbo and other cities from expanding the scope of restrictions on purchases, increase the supply of housing land and subsidized housing, strengthen housing loan management, strengthen housing rental market control and other aspects of the code.
Chen Xiao expects that the scope of regulation and control may further expand to the third-tier cities in the future.
For the future direction of the property market, Zhang Dawei, chief analyst of Centaline Property, expects that the land market in some cities is overheated, the recent housing prices will still keep rising, and overall, the first half of the mainland housing prices will maintain a slight upward trend.
Some analysts believe that regulation has not doused the enthusiasm of the people to buy houses, the current investors still use real estate as a tool to hedge against global inflation.
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