The Report Shows That The Total Inventory Of Commercial Housing In The 8 Cities Is Over 40 Million Square Meters.
The 8 typical housing inventory survey reports released by Shanghai Yi Ju Research Institute showed that as of the end of September, the total inventory of newly built commercial housing in 8 cities such as Beijing, Shanghai, Shenzhen, Guangzhou, Hangzhou, Xiamen, Nanjing and Ji'nan amounted to 40 million 450 thousand square meters, up 9 million 520 thousand square meters, an increase of about 30.77%.
While inventories continued to grow, sales continued to decline.
In September, the turnover volume of newly built commercial housing in 8 typical cities was only 3 million 410 thousand square meters, a sharp decrease of 44% over the same period last year.
Shanghai Yi Ju Research Institute concluded that commercial housing
Stock
Sales are rising by a straight line.
It is understood that the inventory sales ratio is the ratio between the stock of the residential and the sales volume in a certain period (usually one month, the calculation method is the mobile average of 6 consecutive months), so as to reflect the trend of housing inventory.
The large ratio of inventory to sales reflects that developers' capital withdrawal is in poor condition.
Research shows that as of the end of September, the sales and sales ratio of newly built commercial housing in 8 cities was 11.1.
Since 2011, the inventory ratio has increased for 7 consecutive months, and has continued to rise.
Experts predict that the sales and sales ratio of new commercial housing will continue to increase in the fourth quarter.
On the one hand, in the two or three quarter, after the wait and see, affected by the pressure of funds, some developers should step up the push; on the other hand, the fourth quarter regulation policy is still difficult to relax, the property market.
Deal
Will continue the early downturn, developers sales pressure is increasing.
In the 8 major cities, the total inventory of newly built commercial housing in Beijing, Shanghai, Shenzhen and Guangzhou reached 27 million 250 thousand square meters, up 28% from the same period last year.
In September, the total volume of newly built commercial housing in the 4 cities was 2 million 260 thousand square meters, down 45% from the same period last year.
It is noteworthy that second tier cities have entered the ratio of deposit to sale.
high pressure
Stage.
By the end of September, the total inventory of new commercial housing in Ji'nan, Nanjing, Xiamen and Hangzhou was 13 million 200 thousand square meters, an increase of 35.9% over the same period last year.
In September, a total of 1 million 150 thousand square meters of newly built commercial housing in four places decreased by 40% compared with the same period last year.
Among them, Hangzhou's new commercial housing stock is 2 million 820 thousand square meters, up 146.6% over the same period last year, and Nanjing's stock is 3 million 660 thousand square meters, up 68.1% over the same period last year.
On the whole, the inventory pressure of the first tier cities is the biggest due to the drop in sales volume.
At the end of September, the sales and sales ratio of newly built commercial housing in Beijing, Shanghai, Shenzhen and Guangzhou were 12.93, 12.81, 9.53 and 8.45 respectively.
In particular, the two cities in Beijing and Shanghai continued to sell for 3 to 4 months, which was higher than 12.
"Many developers are faced with the difficult problem of capital recovery, and some small and medium-sized developers are gradually trapped in the funding dilemma."
The report says.
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