China s real estate investment grew downward for 21 consecutive months inventories

Investment in real estate development continued to remain low.

On November 11, the NBS 1-in October a national real estate development and sales data: 1-October, national real estate investment 7.8801 trillion yuan, (compared with the same period a year earlier) on behalf of 2%, down 0.6% growth over the previous September.

Since January of last year, investment in real estate development has been 21 consecutive months of declines, currently in a State of hovering in the single digits for eight consecutive months.

Senior Statistician of the NBS investment Division Li Jiao interpretation saying, the real estate market continued to adjust and development trend of investment continues to decline, but the decline narrowed from the previous month to 0.3%.

Li Jiao pointed out that residential investment and investments in key cities is an important force in supporting the national growth of real estate investment.

From the Census Bureau released data as you can see, 1-in October, residential investment growth in the real estate development investment than the 1 – September 0.4% to 40 major cities is growing much faster than down 0.3% 1-September, which fall range is less than the total investment in real estate development.

E-House Research Institute think-tank, Center Director Yan Yuejin believes that investment in real estate development from speed to speed this year, but overall still positive growth. Descriptions of real estate enterprises in inventory at the same time, remains cautiously optimistic attitude.

At present, higher inventories become a pain point in the real estate industry. At the end of October, 686.32 million square meters of real estate for sale in September, increased 21.22 million square meters at the end. Among them, the homes for sale area of 11.8 million square meters.

On November 10, the General Secretary of the CPC Central Committee, State President, and Chairman, Central Finance and Economics leading group leader XI Jinping hosted pointed out during the 11th meeting of the central financial and economic leading group, "to resolve the real estate inventory, promote sustainable development of the real estate industry. "

Since January this year, two indicators of home sales begin to pick up, but the latest figures show that the national growth rate of home sales were down slightly.

According to the National Bureau of statistics, 1 October, the national sales 948.98 million square meters of commercial housing, an increase of 7.2%, is growing much faster than 1-September down 0.3%; sales of 6.479 trillion yuan, an increase of 14.9%, down 0.4% pace.

Li Jiao said key City real estate sales overall sales growth fell pulling the country down on commercial housing sales growth in key cities and 1-the same as in September, the market is stable. In addition, large residential sales growth dropped greatly.

In accordance with the chain home network monitoring data, first-tier cities like Beijing, Shanghai, Shenzhen, buyers of about the same age, are 30-40. Most of these core purchasing power to housing, work, go to school and get married as the main objective.

The industry believes that, on the way to inventory under the guidance of the expected housing prices in November and December to catch up with the sales performance, there will be more active to inventory practices. But for now, a city short of life cycle of three or four tier inventory problems.

Real estate companies willingness to take the overall stable. According to statistics, 1-in October, the real estate developer land acquisition 178.47 million square meters, down 33.8%, fell flat with 1-September; sale price 579.4 billion yuan, down 25.2% down 2.3% narrowed.

Yan Yuejin pointed out that, from a structural point of view, one or two line urban land market showed a trend of rising, and in various types of control three or four cities relatively sluggish. So recovery had been diverted on the one hand, but on the other hand also have the potential to continue to heat up. Once the land market continues to heat, Fundamentals of investment data also tends to improve. Up position--what is index circuit breakers? PLM for a-shares br

Shanghai Zhongyuan research and consulting Senior Manager, Carol Gong said current funds performed well, provided certain economic base for land acquisition in the fourth quarter.

Data show that 1-in October, the real estate development enterprise in place capital of 10.1566 trillion yuan, an increase of 1.3%, is growing much faster than 1-September 0.4%.