The amout of house business droped first in July in Shanghai


EAST Morning Paper| 16/07/2009 17:35:11

Ring than minus two percent but rising as 7 months before the new house supply gap as much as Shanghai 4,270,000 square meters

(Reporter:朱楠) Shanghai property market this year has been the sharp rebound in trading volume is always less than the supply of the phenomenon, after 6 months, after rising steadily, new homes in July than the decline in turnover of the first ring 1%, the average price increased 20%.

According to this month, 29 days before the estimated average data, single-handedly in July of the new supply of commercial residential buildings amounted to 1.28 million square meters, more than slightly lower than the ring in June of 1,340,000 square meters; turnover of 2.02 million square meters, and in June for 2.19 million square meters; the average transaction price rose two per cent to 15,675 yuan / square meters.

薛建雄analysts that the June 28th Floor Minhang incident was brought about by the strict security of supply in the first half of July there is a certain effect is an increase volume after six months down the main reason for a U-turn. At the same time, two sets of policy tightening mortgage market psychology also is expected to have an impact on investment demand slowdown in the pace of the market.

"This year, seven months before the primary residential turnover was 11 million square meters, more than 5.74 million square meters last year's turnover doubled; But seven months before the supply was only 6.73 million square meters, which is lower than the same period last year of 7,490,000 square meters. "薛建雄pointed out that as much as 4.27 million square meters of the gap between supply and demand, not only to digest the 3.71 million square meters last year, inventory and poor sales over the past few years to digest a backlog of more than 50 million square meters of housing. The supply of the market has become tighter, developers rapidly from circulation in the capital, the absence of sufficient stocks at high prices to get, together with the excess flow of inflation expectations, buyers have the courage to recover the high housing prices led to a rapid rise.

Volume in the overall decline in July, the average price of 40,000 yuan / square meters of高档房Volume 306 units in June in the history of 1% create the highest level, reaching 330 units. Villa is also a new record high monthly volume reached 427,000 square meters. Tomson goods such as following a transaction in June after 15 sets, 7 months ago, 29 days and 12 suites source of the transaction, the average price of 97,481 yuan / square meter; Cuihu嘉苑world turnover of the 61 suites are also the source of the average price of 76,048 yuan / square.

According to statistics, is expected in August listing 12 new sites, there are more than 33 properties to prepare the introduction of new housing, so in August is expected to supply more than seven months, become a historical high point in the same period.

August used to be regarded as real estate sales off-season, why so many properties for sale at this time this year, the introduction of new housing? If people in the industry that the developers on the one hand, stringent control over the government cover plate, the accumulation in the hands of commercial enterprises as far as possible "forced"; On the other hand, developers also hope that sprint in 7,8 month sales targets this year.