House prices in China fell in 13 consecutive months in September.Highlight China's challenges facing the landslide of the property market.
According to BloomberThe decline is basically the same.
Although a series of supporting property market policies have been introduced, China's US $ 2.4 trillion (S $ 3.4 trillion) new commercial housing markets are still fragile.Affected by the "dynamic clearing zero" epidemic prevention policy, residential sales and real estate investment remain sluggish.
Raymond Cheng, the director of research in Mainland China and Hong Kong, said before the data was released, "Potential buyers have a wait-and-see attitude. Although regulators and local governments have issued more support policies in the near future, they have issued more support policies, butIt takes time for policy to be effective. "
During the 20th National Congress of the Communist Party of China, Chinese President Xi Jinping's position on issues such as real estate policies and epidemic prevention regulations had almost no significant change.A recent survey of the People's Bank of China shows that 73%of households expect real estate prices to remain unchanged or fall in the short term, highlighting that consumer confidence is declining when employment prospects are dim and economic weakened.
