The Ministry of Housing and Construction warned the "Ten cities" in February to control the real estate fever and our country is "determined not to change."-Shanghai Metals Market

Hot Keywords

  • Copper
  • Production data
  • Zinc
  • Inventory data
  • Macroeconomics
  • Nickel
  • MMi Iron Ore Port Index
  • Aluminium
  • Sales data
  • trend forecast
  • Operation update
  • Operating rates
  • Futures movement
  • price
  • iron ore

The Ministry of Housing and Construction warned the "Ten cities" in February to control the real estate fever and our country is "determined not to change."

Translation 07:43:53PM May 20, 2019 Source:SMM
The content below was translated by Tencent automatically for reference.

On May 16, the National Bureau of Statistics released statistical data on the price changes of commercial housing sales in 70 large and medium-sized cities in April 2019. the data show that the sales prices of new commercial housing in China's first-tier cities rose 4.7 percent in April compared with the same period last year. Up 0.5% from the previous month; The selling price of second-hand housing rose 0.8%. Sales prices of new and second-hand homes in second-tier cities rose 12.3 per cent and 8.3 per cent respectively from a year earlier, both 0.1 per cent higher than the previous month. The sales prices of new commercial housing in third-tier cities rose 11.3 percent compared with the same period last year, and the prices of second-hand housing rose 8.4 percent. According to the data, the housing market is "warming up." in order to curb the continued rise in house prices, on May 18, The Ministry of Housing and Construction has issued an early warning for Foshan, Suzhou, Dalian, and Nanning, where the price index of new commercial housing and second-hand housing has increased significantly in the past three months. This is the second time that the Ministry of Housing and Construction of China has issued an early warning since April. A total of 10 cities were "beaten".

Among the four cities "named", the price index of new commercial housing sales in Dalian was + 12.5 percent in April compared with the same period last year, and the price index of second-hand housing sales rose 0.8 percent from the same period last month, and + 8.2 percent from the same period last year. The price index of new commercial housing sales in Nanning in April was + 0.9%, up 10.6% from the same period last year, and the sales price of second-hand housing was + 1.4% and + 10.3% respectively. Suzhou and Foshan were not included in the relevant statistics. Prices have also risen significantly.

​​​​​​

According to the National Bureau of Statistics, from January to April 2019, China's commercial housing sales area was 420.85 million square meters,-0.3 percent from the same period last year, down 0.6 percent from the previous month.

In April 2019, the completed investment in real estate development nationwide was 3.4217 trillion yuan, an increase of 43.75% from the previous month, and + 11.85% from the same period last year, of which residential investment was + 16.85% compared with the same period last year.

In April, the construction area of real estate in China was 7.2256923 billion square meters, and the newly started area reached 585.52 million square meters, a month-on-month ratio of + 13.1 per cent.

On the whole, in April, China's real estate market basically continued a steady trend, but the local market "overheated" phenomenon still exists. This month, for example, Dalian, which was warned, has grown by more than 10 percentage points year-on-year for the 14th month in a row since March 2018.

The roll call of the "early warning system" of the Ministry of Housing and Construction requires all localities to implement stable land prices, stable housing prices, and stable expectations, indicating China's policy to creep into the smooth operation of the real estate market and control the real estate fever. It can be predicted that in the future for a long time, "stability"-is still the main theme of real estate regulation and control in our country. Since 2019, more than 160 real estate regulation and control policies have been issued, but more than 60 regulation and control measures have been taken in April. At the same time, after falling for five months (December to April), average mortgage rates in some cities have rebounded: since mid-May, mortgage rate policies in Nanjing, Jiangsu, Bengbu, Anhui, Nanning, Guangxi, and other places have returned to tightening signals. Under this influence, the real estate land purchase area in April was-33.8% compared with the same period last year.

In addition, due to the recent frequent construction accidents in various parts of the country (a factory building collapsed in Shanghai on 16 May, resulting in 10 deaths), the Ministry of Housing and Construction organized nationwide supervision and law enforcement inspections of the construction market and engineering quality and safety, among them, All 14 provinces, autonomous regions and municipalities directly under the Central Government, including Beijing, Tianjin and Hebei, are scheduled for the first batch of inspections in May.

Under the condition that the real estate market is dominated by "stable control" and supplemented by strengthening safety construction inspection, it is expected that the house price in the future market of our country will continue to be stable. At the same time, with the entry of late May, the real estate market has gradually entered the off-season of construction, and it will be difficult to substantially increase the area of land purchase under the policy environment. The real estate industry is one of the pillars of the demand for building materials. The support for rigid demand for building materials may fall back.

Key Words:  Real estate  daily review 

Price

more
62% Fe Fines (Qingdao Port): IOPI62
Nov.15
655.0
11.0
(1.71%)
62% Fe Fines (Qingdao Port, CFR Equiv.)
Nov.15
86.0
1.5
(1.77%)
58% Fe Fines (Qingdao Port): IOPI58
Nov.15
545.0
6.0
(1.11%)
58% Fe Fines (Qingdao Port, CFR Equiv.)
Nov.15
71.7
0.8
(1.16%)
65% Fe Fines (Qingdao Port): IOPI65
Nov.15
712.0
13.0
(1.86%)

The Ministry of Housing and Construction warned the "Ten cities" in February to control the real estate fever and our country is "determined not to change."

Translation 07:43:53PM May 20, 2019 Source:SMM
The content below was translated by Tencent automatically for reference.

On May 16, the National Bureau of Statistics released statistical data on the price changes of commercial housing sales in 70 large and medium-sized cities in April 2019. the data show that the sales prices of new commercial housing in China's first-tier cities rose 4.7 percent in April compared with the same period last year. Up 0.5% from the previous month; The selling price of second-hand housing rose 0.8%. Sales prices of new and second-hand homes in second-tier cities rose 12.3 per cent and 8.3 per cent respectively from a year earlier, both 0.1 per cent higher than the previous month. The sales prices of new commercial housing in third-tier cities rose 11.3 percent compared with the same period last year, and the prices of second-hand housing rose 8.4 percent. According to the data, the housing market is "warming up." in order to curb the continued rise in house prices, on May 18, The Ministry of Housing and Construction has issued an early warning for Foshan, Suzhou, Dalian, and Nanning, where the price index of new commercial housing and second-hand housing has increased significantly in the past three months. This is the second time that the Ministry of Housing and Construction of China has issued an early warning since April. A total of 10 cities were "beaten".

Among the four cities "named", the price index of new commercial housing sales in Dalian was + 12.5 percent in April compared with the same period last year, and the price index of second-hand housing sales rose 0.8 percent from the same period last month, and + 8.2 percent from the same period last year. The price index of new commercial housing sales in Nanning in April was + 0.9%, up 10.6% from the same period last year, and the sales price of second-hand housing was + 1.4% and + 10.3% respectively. Suzhou and Foshan were not included in the relevant statistics. Prices have also risen significantly.

​​​​​​

According to the National Bureau of Statistics, from January to April 2019, China's commercial housing sales area was 420.85 million square meters,-0.3 percent from the same period last year, down 0.6 percent from the previous month.

In April 2019, the completed investment in real estate development nationwide was 3.4217 trillion yuan, an increase of 43.75% from the previous month, and + 11.85% from the same period last year, of which residential investment was + 16.85% compared with the same period last year.

In April, the construction area of real estate in China was 7.2256923 billion square meters, and the newly started area reached 585.52 million square meters, a month-on-month ratio of + 13.1 per cent.

On the whole, in April, China's real estate market basically continued a steady trend, but the local market "overheated" phenomenon still exists. This month, for example, Dalian, which was warned, has grown by more than 10 percentage points year-on-year for the 14th month in a row since March 2018.

The roll call of the "early warning system" of the Ministry of Housing and Construction requires all localities to implement stable land prices, stable housing prices, and stable expectations, indicating China's policy to creep into the smooth operation of the real estate market and control the real estate fever. It can be predicted that in the future for a long time, "stability"-is still the main theme of real estate regulation and control in our country. Since 2019, more than 160 real estate regulation and control policies have been issued, but more than 60 regulation and control measures have been taken in April. At the same time, after falling for five months (December to April), average mortgage rates in some cities have rebounded: since mid-May, mortgage rate policies in Nanjing, Jiangsu, Bengbu, Anhui, Nanning, Guangxi, and other places have returned to tightening signals. Under this influence, the real estate land purchase area in April was-33.8% compared with the same period last year.

In addition, due to the recent frequent construction accidents in various parts of the country (a factory building collapsed in Shanghai on 16 May, resulting in 10 deaths), the Ministry of Housing and Construction organized nationwide supervision and law enforcement inspections of the construction market and engineering quality and safety, among them, All 14 provinces, autonomous regions and municipalities directly under the Central Government, including Beijing, Tianjin and Hebei, are scheduled for the first batch of inspections in May.

Under the condition that the real estate market is dominated by "stable control" and supplemented by strengthening safety construction inspection, it is expected that the house price in the future market of our country will continue to be stable. At the same time, with the entry of late May, the real estate market has gradually entered the off-season of construction, and it will be difficult to substantially increase the area of land purchase under the policy environment. The real estate industry is one of the pillars of the demand for building materials. The support for rigid demand for building materials may fall back.

Key Words:  Real estate  daily review