Beijing, Guangzhou, Shanghai And Shenzhen Housing Prices Dropped &Nbsp, And High End Real Estate Rushed To The Rescue.

As China

Simultaneous price reduction in four major cities

In April 4th, China's real estate index data showed that in March, the average price of housing in 100 cities nationwide rose by 0.59% compared with February, of which 82 cities were rising in price. But the four big cities of Beijing, Guangzhou, Shanghai and Shenzhen, which are the vane of the Chinese property market, are down at the same time. This undoubtedly opens the curtain for the downward trend of prices in the key cities of the whole country.

According to the statistical data of Beijing real estate paction management network, Beijing's 232 residential sales projects, in March, 21 price rises, 46.2% reduction in the ring ratio, 17 price reduction projects, an increase of 143% in the ring ratio, and 186 residential project prices stopped rising.

In Guangzhou, statistics show that the average price of net signed pactions in March was 11895 yuan / square meter, a slight decrease of 2.16% from 12157 yuan per square meter last month.

This is the 4 consecutive month of decline since the highest level in December last year.

Shanghai developers are playing discount games.

Data from Shanghai Soufangwang data monitoring center showed that in the last week of March, 18 properties opened or increased, and 13 of them sold a "discount song".

The Shenzhen municipal planning and Land Commission released data at the beginning of the month, saying that the average price of new housing pactions in Shenzhen in March was 19423 yuan / square meter, a decrease of 5.99% compared with the same period last year, down 5.04% from the same period last year. This is the first time this year Shenzhen's new house price has fallen to below 20 thousand yuan per square meter.

According to the analysis of the industry, the reason for the fall in prices is the large number of new houses in Shenzhen which are relatively low in price, so it is not possible to exclude the property market from "diving".

Turnover continues to be cut down

Price cuts are not terrible. For developers, the most horrible thing is the sharp drop in volume.

Statistics from the China Index Research Institute show that in March, there were nearly 80% cities in the 30 large and medium-sized cities which were monitored, compared with March last year.

Of particular concern is that the key cities monitored fell across the board year-on-year, with a total decline of 40.5%.

Among them, Beijing has the largest decline, reaching 48%.

In Guangzhou, the latest data statistics of Soufangwang data monitoring center show that in March, Guangzhou's first hand housing pactions were 4780 units, which rose 15% over February, down 18% from the same period last year, and the total area reached 545715 square meters, down 17% from the same period last year.

In Shanghai, the latest data released by China real estate information group show that turnover in March was about 400 thousand square meters, up by 132%.

However, this data is down by 50% compared with the 800 thousand square meters in the same period last year, which is almost cut.

In March, the Shenzhen property market also did not usher in the traditional Spring Festival. According to the statistics of the China Index Research Institute, the city has concluded 2683 new housing units, with an area of 229474 square meters, with a turnover of more than 10%, followed by Hangzhou and Chengdu, with a turnover of third.

Sharp decline in volume and downward trend in housing prices will be the main theme of China's property market for a long time to come.

Yang Leyu, Secretary General of the China Real Estate Managers Association, said that the first time that the prices of the four big first tier cities in Beijing, Guangzhou, Shanghai and Shenzhen had been falling together showed that under the strict macroeconomic regulation, the turning point of the Chinese real estate market has come clearly.

"As long as the central government's determination to control housing prices will not waver, the trend of sustained downward trend in housing prices will be inevitable."

"In April, it will not exceed May at the latest, and the price of the new commercial housing price in the 70 large and medium-sized cities will fall for the first time, that is, the price of housing will have an inflection point."

Yang Hongxu, Minister of comprehensive research of Shanghai Yi Ju Real Estate Research Institute, said publicly to the media.