[EpochTimesOctober9th2021](Epoch Times reporter Liu Yi comprehensive report) During the just past China National Holidays, the mainland property market saw a sharp drop in transaction volume, with only 4 second-hand houses sold in Shenzhen and new houses in 15 key cities. The volume of transactions fell by 20%.
September and October of each year are the traditional peak seasons for property sales in mainland China, which are called “Golden Nine and Silver Ten”. On the long holiday of November each year, many people in need of housing use the holiday to see and buy houses, but October 1st this year ~7th holiday, mainland property market transactions are bleak.
According to the mainland “Securities Times” on October 9th, during the November holiday, 4 sets of second-hand houses in Shenzhen were sold, totaling 351.22 square meters. This number hit a multi-year low. According to data from the Shenzhen Association of Real Estate Agents, from September 27 to October 3, the number of Shenzhen second-hand housing network signings was only 303, a decrease of 18.5% from the previous month.
A real estate agency manager in Shenzhen’s Futianyuanling area said: “Most of our shop managers choose to take a vacation because the business is poor.” And there are not as many customers looking at the house as usual. In addition, there are more new houses, and second-hand houses almost enter. Quick freezing period.
In terms of new houses: According to data released by the Anju Guest House Property Research Institute, during the 11th period, the number of new houses sold in 15 key monitoring cities was 8,309, and the transaction area was 924,400 square meters, down 19% from the same period last year. CREIS also shows that during the eleventh period of this year, the transaction area of newly-built commercial residential buildings in key monitored cities decreased by 33% compared with the same period last year.
“Hong Kong Economic Daily” quoted Anju Guest House Property Research Institute analyst Xu Zhijing’s analysis on October 8 as saying that there are obvious differences in various markets, with third-tier, second-tier, and first-tier cities showing a gradual decline from strong to weak. She said: “Most cities are facing the market’s’fever’. In fact, the’fever’ of the property market during the long holiday has long been predicted.” It is inevitable that the market will go down, and the hot scenes such as the opening tide, the rush of looting, the selling out, the second light, and the rising that are unique to the traditional “Golden Nine and Silver Ten” are difficult to reproduce. “Golden Nine Silver Ten” has become history.
“Securities Times” quoted the analysis of Yan Yuejin, research director of the Think Tank Center of E-House Research Institute, saying that there is no need to be overly pessimistic about the current real estate market. The recent credit policy can be considered to have ushered in an inflection point. Although the decline in interest rates is not yet obvious, it is expected that the bank quotas will increase in the fourth quarter. With the advent of the fourth quarter, all kinds of housing demand will continue to be released. It can be considered that although the market is still showing signs of fatigue during the November holiday, the pessimism has been significantly reduced.
Because the market is getting colder and real estate companies’ capital chains are under pressure, some real estate companies use discounts to speed up the return of funds. However, cities such as Zhangjiakou, Nantong, Zhuzhou, Jiangyin, Heze, and Yueyang have successively issued “restriction orders” for the real estate market. Limit the price drop.
Editor in charge: Li Qiong#
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