Data show less to sell to buy more foreign Shanghai property market are being evacuated


shanghaioffice.com| 16/07/2009 17:35:11

Shanghai real estate advisory body to release more than the statistics show that investment in Shanghai property market is strong, substantial increase in the proportion of foreign investment in property transactions, the real estate industry ranked first in five weeks straight. However, of concern is that a large number of foreign investment in the property market at the same time, more large-scale withdrawal of foreign capital is high selling.

 

In cash in the hands of foreign assets

With the hot property market, Shanghai second-hand housing transactions in the investment ratio increased significantly, according to the Central Plains transaction data, the proportion of the first half of a substantial increase of foreign capital, foreign investment in Shanghai property market trend seems to be back --- but, this may be illusory: types of customers from top to bottom, the last home for a higher proportion of foreign investment. This indicates that more foreign capital during the first half of Shanghai property market are easing.

The gap between upper and lower proportion of foreign-owned large, the overall trend of a withdrawal of foreign capital. According to statistics, Shanghai during the first half of all second-hand housing transactions in the home (the seller) the proportion of foreign investment was 7.8%, while under the house (the buyer) ratio of only 2.1 percent of foreign investment, less than the proportion of foreign-funded 1 / 3. From a huge gap between the values can be seen that the current foreign investment are still being evacuated from Shanghai property market, cash in the hands of assets.

Shanghai Center, a higher proportion of well-known foreign real estate, real estate transactions of these cases the same note, a large number of foreign capital are evacuated from a high level. Centaline Property Statistics show that during the first half of 2009 on behalf of the above-mentioned properties in 10 transactions in the foreign ratio of 51.1 percent, the proportion of foreign-owned 21.2 percent. Cuihu which heaven and earth, as the central area of high-end properties for sale on behalf of, the upper and lower proportion of foreign-owned properties for sale in the above 10 are the highest.

Central China Real Estate Research Center of Analysis Group, pointed out that, in fact, from the spread of financial crisis in 2008, many foreign investors to be affected, to sell the assets of Shanghai real estate cash. The first half of the Shanghai property market shows that there are more people willing to withdraw cash. But from the beginning of February 2009, the buyer is also increasing the proportion of foreign investment shows that foreign investors are still optimistic about some of the Chinese market, which also reflects the trend of having foreign investors there are still some differences to judge.

Real estate transactions of property rights is still the hottest industry

The property market in the new round of warmer, involving frequent trading of real estate property. Shanghai United Assets and Equity Exchange up-to-date market analysis shows that the last week of July turnover Shanghai property market is still the largest sector for real estate, 6 week contract, for a total of 468 million turnover, this is the real estate industry turnover for the first 5 Zhou top. June 29 from the five weeks since, the project actively traded real estate industry, the transaction covered by the subject of major real estate projects and real estate equity business, including the maximum amount of week's total turnover reached 2.174 billion yuan, the lowest volume of transactions a week there are 109 million yuan. Real estate has become a major recent market transactions of property rights.

Warmer in the property market, some real estate companies are selling to cash in some of the projects. In June this year, Shanghai real estate company to sell a stake in the outcome of the tender shares in Shanghai has attracted attention to a number of property companies, the results of the project to more than double the reserve price traded around the price. "Now many investors desire to accept the real estate projects, it was obvious that the enthusiasm of domestic enterprises was significantly higher than foreign investors."

Relevant to the industry analysts said, from the beginning of April, is to accelerate the inflow of hot money in China, although they did not exceed the 2007 peak levels, but its acceleration since 2002 has reached the level the fastest. From the beginning of June, showed a net inflow has been the case. However, the massive hot money in 2007 to enter the property market situation is different, the inflow of hot money in recent months, the main flow of the stock market, flowing into the housing market is not much.