China's housing sales in August for the third consecutive month decline, highlighting that decision makers need to increase their efforts to curb the slowdown of the property market and alleviate the real estate industry's drag on the Chinese economy.
Comprehensive Bloomberg and Daily Economic News reports, many research institutions such as the Central Finger Research Institute, Yihan Think Tank, and Kri Rui announced on Thursday (August 31) to announce the first eight months of sales of the top eight months of the top eight months.Rank.
Data from the middle Finger Research Institute show that the sales volume of the top 100 housing enterprises in August decreased by 39.2%year -on -year, a record high of a single month this year, and a decrease of 8.9%month -on -month.From January to August, the total sales volume of the top 100 housing companies was 4365.61 billion yuan (RMB, the same below, about S $ 823.6 billion), a year-on-year decrease of 8.6%, and the decrease was four percentage points compared to the previous month.
The preliminary data of Ker Rui Real Estate's research also showed that the sales trading amount of the top 100 housing companies in the first eight months of China's top 100 real estate companies was 343.01 billion yuan, a year -on -year decrease of 33.9%, and 1.3%from the previous month.
These data means that Chinese housing sales have declined for three consecutive months.Although China's official has continued to release a good signal in the property market recently, it is difficult to reverse the downward trend of the property market.
It is reported that the two -year -old property market crisis has not shown signs of relaxation, causing more developers to face the risk of breach of contract, and also cause the Chinese economy to lose an important growth engine.The buyers are still discouraged due to the lower house prices and worrying that the builder is difficult to complete the construction.
The People's Bank of China and the State Administration of Finance and Administration issued a notice on Thursday to announce the lowest ratio of the minimum down payment ratio of the first and two -sets of housing, and reduce the interest rate of the first set of housing loans in stock.The decline, stimulate buying needs.
At the same time, under the guidance of the central government, the two major first -tier cities in Shenzhen and Guangzhou took the lead in promoting the purchase of the first home loan "recognition of houses and not recognizing loans".Wuhan and Zhongshan City, Guangdong also announced similar measures on Thursday.
Yang Hongxia, general manager of the South China Branch of the Medical Research Institute, said that the relaxation policy of the two cities on the same day can help stabilize market emotions.Beijing, Shanghai, and Xiamen may also follow up.
