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Shenzhen officials no longer disclose average property prices

Translation 08:12:17AM Jul 15, 2019 Source:Beijing Youth Daily
The content below was translated by Tencent automatically for reference.

SMM News: recently, some Shenzhen citizens found that, including residential, commercial, office buildings, etc., all categories of first-hand real estate in Shenzhen about the transaction average price and transaction amount of price information has "disappeared" for 3 months. In fact, the corresponding daily and monthly price data in Shenzhen have not been officially released since April 25. The official "big data" of the Shenzhen property market can only be obtained through the real estate price index released by the National Bureau of Statistics.

As the official website of the housing source and transaction data of the Shenzhen real estate market, the Shenzhen Real Estate Information platform has always provided the public with a comprehensive and complete understanding of the objective and authoritative official data and information sources of the real estate market in Shenzhen and various districts.

Yesterday, Beijing Youth Daily reporter logged on to the Shenzhen real estate information platform found that the platform released first-hand commercial housing data only includes the number of transaction units, transaction area, number of units available for sale, available area. Second-hand housing released the data is only the number of transactions and area. Among them, the price index was also released, but it was noted that "the sales price index comes from the" changes in sales prices of commercial housing in 70 large and medium-sized cities "released by the National Bureau of Statistics around the 18th of each month."

Why do the authorities no longer publish data on the property market which are of concern to the public? According to media reports, the Shenzhen Housing and Construction Bureau said that due to the limited size of the Shenzhen real estate market and the fact that the transaction price level is vulnerable to structural influence, the direct disclosure of relevant price information does not well reflect the true situation of the market.

Shenzhen Municipal Housing and Construction Bureau explained that in order to avoid misleading buyers, after research, the bureau no longer publicizes the relevant household information, suite size based on the actual survey of buyers. The above adjustment is to better reflect the overall situation of the real estate market in Shenzhen, and is an integral part of the macro-control measures of real estate. At the same time, the Shenzhen Municipal Housing and Construction Bureau will also release relevant information in accordance with the actual situation of the market operation.

Shenzhen officials no longer disclose average property prices

Translation 08:12:17AM Jul 15, 2019 Source:Beijing Youth Daily
The content below was translated by Tencent automatically for reference.

SMM News: recently, some Shenzhen citizens found that, including residential, commercial, office buildings, etc., all categories of first-hand real estate in Shenzhen about the transaction average price and transaction amount of price information has "disappeared" for 3 months. In fact, the corresponding daily and monthly price data in Shenzhen have not been officially released since April 25. The official "big data" of the Shenzhen property market can only be obtained through the real estate price index released by the National Bureau of Statistics.

As the official website of the housing source and transaction data of the Shenzhen real estate market, the Shenzhen Real Estate Information platform has always provided the public with a comprehensive and complete understanding of the objective and authoritative official data and information sources of the real estate market in Shenzhen and various districts.

Yesterday, Beijing Youth Daily reporter logged on to the Shenzhen real estate information platform found that the platform released first-hand commercial housing data only includes the number of transaction units, transaction area, number of units available for sale, available area. Second-hand housing released the data is only the number of transactions and area. Among them, the price index was also released, but it was noted that "the sales price index comes from the" changes in sales prices of commercial housing in 70 large and medium-sized cities "released by the National Bureau of Statistics around the 18th of each month."

Why do the authorities no longer publish data on the property market which are of concern to the public? According to media reports, the Shenzhen Housing and Construction Bureau said that due to the limited size of the Shenzhen real estate market and the fact that the transaction price level is vulnerable to structural influence, the direct disclosure of relevant price information does not well reflect the true situation of the market.

Shenzhen Municipal Housing and Construction Bureau explained that in order to avoid misleading buyers, after research, the bureau no longer publicizes the relevant household information, suite size based on the actual survey of buyers. The above adjustment is to better reflect the overall situation of the real estate market in Shenzhen, and is an integral part of the macro-control measures of real estate. At the same time, the Shenzhen Municipal Housing and Construction Bureau will also release relevant information in accordance with the actual situation of the market operation.