The area of newly built commercial housing for sale in China has fallen for 7 consecutive months

China News Service, Beijing, October 19 (Reporter Pang Wuжить Chen Su) Although the growth rate of real estate development investment continues to decline, Mao Shengyong, spokesperson and deputy director of the National Bureau of Statistics of China, pointed out in Beijing on the 19th that China’s real estate market is developing in a positive direction. Among them, he mentioned multiple positive factors, including the rapid growth in second-hand housing transaction volume and the decrease in the area of ​​newly built commercial housing for sale for seven consecutive months.

Mao Shengyong said at the press conference of the State Council Information Office that day that the current development stage of the real estate market is a stage of controlling increase, reducing stock, and optimizing supply. Instead of paying too much attention to real estate investment, it is better to pay more attention to other related indicators.

From the perspective of transaction volume, he pointed out that according to the online signing data of the Ministry of Housing and Urban-Rural Development, the total online signing area of ​​new and second-hand housing transactions has been on the rise in recent months. From January to September, the area of ​​online second-hand housing transactions was 617.46 million square meters, a year-on-year increase of 10.7%. Second-hand houses continue to account for more than 50% of the total commercial housing transactions.

From the perspective of inventory, the area of ​​newly built commercial housing for sale nationwide fell by 1.5% year-on-year at the end of September. This is also the seventh consecutive month of year-on-year decline in commercial housing inventory. Among them, the area for sale of less than 3 years old fell by 5%, a larger decline.

From the perspective of housing prices, in September, among 70 large and medium-sized cities, the sales price of newly built commercial housing in first-tier cities increased month-on-month for two consecutive months, and the price of second-hand housing increased month-on-month for seven consecutive months. Generally speaking, the second-tier and third-tier cities maintained the trend of month-on-month decline without expanding. In September, among the 70 large and medium-sized cities, the number of cities with month-on-month increase in new home prices increased by 2 from the previous month, and the number of cities with month-on-month increase in second-hand home prices increased by 6 from the previous month.

"Judging from these relevant indicators, the real estate market as a whole is developing in a positive direction." Mao Shengyong said that the government has formulated a series of real estate-related policies. The most important thing now is to implement these policies well and give full play to the policy effects.