2015-04-22

Hottest Apartment Size: 40 to 70 SQM; Elmer Fudd Prowls Chinese Land

Market psychology has shifted as Chinese Millenials opt for small homes. They're attractive because of low prices, low down payments, ease of renting or selling. In other words, they see housing as a risk, not a way to get rich.

iFeng: 40~70平方米小户型成为市场上最受欢迎的户型

The land market is extremely quiet in April, with no transactions to date and the next auction on April 27. This follows a quiet March that only saw two land deals. Beijing recently reduced land supply by 25% in a bid to shore up the market, and clearly there is a big lack of demand. At least one analyst sees transaction prices rising this year thanks in part to limited supply, but total sales are likely to fall.

iFeng: 北京土地市场4月静悄悄 预计全年“量跌价涨”

Land sales fell 20.4% nationally in Q1, with land zoned for housing down 38.7%.
End of the first quarter, the 105 major cities monitored integrated, commercial, residential, industrial land prices were 3541 yuan / square meter, 6593 yuan / square meter, 5305 yuan / square meter and 746 yuan / square meter. The four land prices had QoQ growth rates of 0.55%, 0.62%, 0.53% and 0.54%, respectively, YoY growth rate of 3.25%, 3.22%, 2.98% and 3.62%.

Shanghai E-House Real Estate Institute researcher Yan Yuejin believe there has been a large-scale land supply drop. This land market downturn is expected that the transaction. At this time the local government will have more conservative land policy.

iFeng: 国土部:一季度房地产用地降38.7% 4-5月或现地王

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