China's property market continued to cool down in May.According to data released by the Middle Finger Research Institute on Thursday (June 1), in May, the prices of new houses in 100 cities in China rose and declined, and second -hand house prices fell.
According to the China News Agency, the middle finger data shows that in May 2023, the average price of new residential buildings in 100 cities in China was 16,180 yuan per square meter (RMB, Same as S $ 3079), and month -on -month, and month -on -month, month -on -month, was a month -on -month.Stop rising and falling, a decline of 0.01%.The average price of second -hand housing was 15,786 yuan per square meter, a decrease of 0.25%month -on -month, and the decline expanded by 0.11 percentage points from April.
Guo Xinyu, an analyst at the middle finger research institute, pointed out at the monthly real estate situation analysis meeting held on Thursday that after the release of the previous backlog demand was completed, the active market activity of the real estate market continued to fall in May.In May, the enthusiasm of housing enterprises has decreased, and the scale of new housing in key cities has continued to decline month -on -month, and the rhythm of the market has slowed down.According to preliminary statistics of the agency, in May 2023, the area of new commercial housing in the key 100 cities decreased slightly from the previous month, which remained a year -on -year increase. Buyers watched their moods.
In terms of second -hand housing, the scale of new listing houses in some cities in China continued to rise, and the pressure on house prices was further increased.From the perspective of relatively high -frequency weekly trading data, in May, the average transaction volume of second -hand housing in key cities decreased by more than 20 % month -on -month.
According to the data provided by the Zhuge Data Research Center, in May, China ’s key 10 cities in the key 10 -handed residential houses sold 73,187 units, a decrease of 13.83%month -on -month, a narrowing of 7.29 percentage points from the previous month.
In the first quarter of this year, affected by the accelerated release of housing demand in the previous period, the real estate transaction volume in China's major cities has recovered significantly.The Zhuge Data Research Center pointed out that especially in March "Xiaoyangchun", the transaction scale of second -hand housing in key cities reached a new high in nearly three years.However, since then, the market warming power has weakened. In April, the transaction heat began to fall. In May, the market activity continued to decline. With the interference of the May Day holiday, the transaction of second -hand housing continued to fall.
Looking forward to the market outlook, Guo Xinyu believes that factors such as recent debt repayment of individual housing companies have disturbed market expectations.At present, there is a lot of room for optimization in core city policies.In June, as a key node for sprinting performance in the middle of the year, if the support policy can be further implemented and conveying confidence to the market, under the vigorous push and promotion of housing companies, real estate sales in June are expected to usher in improvement.
