2014-06-23

Beijing Housing Inventory At 18 Month High; New Supply Rising

Inventory in Beijing was 55,000 units at Spring Festival and now it is up to 80,000 only four months later. The article notes that there's no slowdown in new supply, in fact the number of new buildings has been rising the past few months and will rise again in July, with 36 buildings coming to market. There are 60% more new buildings coming to market in the May to July period this year versus the same period last year.

北京楼市库存再创新高 18月后再次回归8万套以上
according to the Central Plains real estate market research statistics, as of June 20, the Beijing property market inventory is 80,844 units, which is early in 2013 after the stock fell below 80,000 units, once again return to 80,000 sets. The number of residential housing stock hit a nearly 18-month high.

Data show that as of June 20, the Beijing Forward House residential inventory 46,117 units, 34,727 units of existing homes housing inventory, total inventory 80,844 units. After the Spring Festival this year, the Beijing property market inventory of about 55,000 residential units, within four months, the stock quickly rose around 2.5 million units.

Meanwhile, sales in the next fiscal year and the dual pressures of liquidity, housing prices continue to accelerate the pace of the project market, following the June Beijing 33 projects focus on the market, in July Beijing commercial housing supply continues unabated. According to Asian high statistics show that in July Beijing opened a total of 36 project plan, the monthly number of projects have been opened for five consecutive months, more than 30, March to July this five month total market trading volume compared with the same period last year, a large rose nearly six.

■ experts say

Property "quantity price down" situation will now

Deputy General Manager of Asian high Ren Qixin believes that since 2014, the overall turnover of the property market downturn, the real estate industry to continue to increase pressure on the stock. However, recent central bank behind the first suite of loan requests, fund loan cycles means of a series of fine-tuning, revealing the macro- control policies may loose sign, although the effect is not significantly boost the confidence of the property, but will continue if there is good voice heard at the policy level, the deep trough of the property will be able to play a role in underpinning.

With the focus on the market since the second half of a large housing project, three quarters of the property market turnover will occur periodically to pick up, while a further diversion from the housing project under the action just need customer base is expected in the coming months there will be more or just need project into the price adjustment, while the volume will appear predictable rise, the property market as a whole showed "quantity price down" situation.

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