Views of the week
Supply: The total volume continued to decline, and Shanghai 6 plates were shortlisted in the top 10 for supply
Transactions: The total volume rebounded at a low level, and the average decontamination rate rose to 53%
Policy developments
The policy of 9 cities was relaxed, the purchase restrictions of Shenzhen were relaxed, and Hangzhou Ho was completely canceled
In the 19th week (5.6-5.12), at the central level, on May 6, the Ministry of Finance and the Ministry of Housing and Urban-Rural Development issued the "Notice on Carrying out Urban Renewal Demonstration Work", which will select 15 urban renewal demonstrations, and the central government will give fixed subsidies to the demonstration cities. The People's Bank of China (PBOC) released the "Report on the Implementation of China's Monetary Policy for the First Quarter of 2024", emphasizing the overall study of policy measures to digest the stock of real estate and optimize the incremental housing, and continue to guarantee the support of loans for the delivery of real estate. At the local level, the policy of Shenzhen, Hangzhou, Xi'an and other 9 cities has been relaxed, and the demand side mainly involves the relaxation of purchase restrictions, loan restrictions, settlement relaxation, provident fund loans, housing purchase subsidies, and support for "old for new".
New supply
The total volume continued to decline, and Shanghai 6 plates were shortlisted in the top 10 for supply
In the 19th week of 2024, a total of 890,000 square meters of pre-sale permits were obtained in key cities across the country, a decrease of 75% month-on-month. Among the top 10 projects in the supply area of key cities, 6 projects in Shanghai were shortlisted, among which Jinqiao Biyun Liyue won the top 10 list this week with a pre-verified area of 44,000 square meters.
New homes are sold
The total amount rebounded at a low level, and the average decontamination rate rose to 53%
In the 19th week of 2024, the transaction volume of each energy level will rebound at a low level. Specifically, the first-tier index increased by 8.25 points month-on-month to 63.45, the transaction volume in Shanghai continued to fall, and the transaction volume in Beijing, Guangzhou and Shenzhen increased. The second-tier transaction index increased by 16.34 points month-on-month to 46.16, Chengdu, Wuhan and Qingdao made great efforts, and the transaction scale doubled month-on-month, while Hangzhou and Ningbo maintained a relatively high level, while Chongqing and Changsha rebounded. The third- and fourth-line transaction index increased by 37.04 points month-on-month to 90.37, with Foshan and Huizhou increasing volume, while Jiangmen and Wenzhou declined.
In the 19th week, the opening rate of key monitoring cities was 53%, an increase of 20 percentage points from the previous month. In terms of the number of projects opened, among the key monitoring cities, Hangzhou has 5 projects launched, Nanjing has 2 projects opened or added, and Xi'an and other cities have 1 project launched into the market.
schedule
(Source: CRIC)