2014-09-03

Government Land Sales Sink 40% in August

Land sales fell 40% across 300 cities in August, led by third- and fourth-tier cities. Average land prices were up in some cases, but the number and total size of transactions fell in most cities.

By region, in the first-tier cities, Beijing high quality average land prices increased, supply fell and transactions were flat. Second-tier land supply remained stable, trading volume and price down, drop in sales narrowed. Third- and fourth-tier city declines in transactions and sales were the largest of any cities, the average price was down slightly.

300城8月土地出让金降40% 三、四线城市降幅居首
There are signs of decline in housing prices stabilize, but the land market is still sluggish.

Yesterday (September 2), the China Index Research Institute released data show that in August 2014, 300 cities nationwide total turnover of land 1930, a decrease of 23 percent, down 36%. Turnover floor price of 1136 yuan / square meter, up 7 percent, down 3%.

It is worth noting that, in August 2014, of the total 300 cities nationwide land transfer was 144.9 billion yuan, a decrease of 11 percent, down 40%.

Real Estate Institute researcher Yi Hai Yan Yuejin told the " Daily Economic News "reporter, at present no signs of the land market. The opening price or unsold growing phenomenon, on the one hand from the financial pressure housing prices, on the other hand, is not optimistic about the market outlook is expected to also make developers more cautious.

One thousand two hundred thirty-four tier cities were mixed

Currently, a number of cities across the country appeared not sell land on the price, the market-frequency blowing cold air.

By region, in the first-tier cities, Beijing high turnover caused by leasing land and floor price rise, the overall supply down, volume unchanged from last month. Second city land supply remained stable, trading volume and price down, transfer payments decline narrowed. Three, four-city decline in the volume and transfer ranks first in the line of the city, the floor price up slightly.

Middle hospital executive vice president Huang Yu told the "Daily Economic News" reporter, Aug. major city land transfer with the chain double down, residential land is still greater than the overall decline, the market decline is hard to change. Data it provides, total residential land transfer was 79.6 billion yuan, a decrease of 26 percent, down 52%.

In this context, the opening price and unsold August seems to be the entire city theme.

Such as Jinan, the city early August to sell the land at 12 September 1 usher centralized transaction, 12 land in 10 opening price, and the remaining two into the live auction, and into part of the two land auction, it is only through an auction will reach a deal.

There are data, Shaanxi Xi'an August traded a total of 7 results displayed as unsold, unsold area of 346,000 square meters, while in August the supply of land area Xi'an less than 700,000 square meters.

Deputy General Manager Zhang Yi Road adviser meter Wei believes that in order to hook the Xi'an-based land market unsold, the most direct reason is the intention to get to the early part of the small and medium enterprises have no money to get to the room. While the latter part of the city land reform, small-scale commercial land other second-hand places the main reason is the surge in land unsold.

Huang Yu also said that the country canceled or relaxed restriction city continues to increase, but limited role to boost the real estate market, the main city of Homestead property market by continuing downward effect of low temperature, high-frequency plots cold.

Both supply and demand are cautious

As for the place, and more push to the wishes of the government in August also significantly diminished.

August in major cities nationwide push to stop rising volume fell 10 percent year on year decline to expand. Data show that in August launched a total of 300 cities nationwide land 2537, a decrease of 29 percent, down 25%; launched land area of ​​102.85 million square meters, a decrease of 16 percent, down 21%.

Yan Yuejin analysts say the continued downturn in land transactions since the second quarter, the local government does not expect frequent opening price or unsold, and will be adjusted for the rhythm, waiting for changes in the market.

He also mentioned that the current local government land for a comprehensive audit of the balance of payments and farmland protection of gold has started in some areas, local governments occupy land transfer "half", some problems are inevitable, which may also affect local Government's push to psychology.

Centaline Market Research Department statistics show that housing prices in 20 large benchmark amount to purchase land in a single month dropped more than a month, 4 to August 5 consecutive months, less than 20 billion yuan.

The agency judgment, since March of this year, due to the cooling of the property market turnover, housing prices in the capital return is not ideal, and therefore tends to be cautious to purchase, purchase amount at low levels. From the current market trends, housing prices in the second half to take place is likely to continue to shrink, companies entered the conservative state.

Statistics show that as of August 27, has been released mid-year report of 98 in Shanghai and Shenzhen A-share listed room rate, the average asset-liability ratio of nearly 77%, which, asset-liability ratio over 85% of the housing prices have 4, more than 80 % of housing prices have 18.

"Given the current land prices are still at a high level, the land market has signs of slowing down, the company will preclude taking a prudent investment strategy." Times Property Board Chairman Xiong said Cen-chiu on half-year results conference.

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