Cross-posted from Investing in Chinese Stocks
Centaline says home sales through September 27 were up a very slight 0.43% in its 54-city survey, while CREIS reports home prices increase 0.28% in its 100-city survey.
In the 100-city survey, the price rise was down from a 0.95% rise in August. The largest ten cities saw average prices increases of 0.50%. There were more cities with rising prices in September, 59 versus 51 in August.
There’s optimism for a good “Silver October” thanks to the reduction in first-time home purchase down payments to 25%. Centaline dubs the latest move the fifth round of housing bailouts in 2015.
Centaline analysis rounds regulatory policy over the past year that can be divided into five rounds depending on the time point. First round: deregulation around the restriction policy. Second round: September 30, 2014 the central bank’s purchase of the policy adjustment and interest rates. Third round: the country have issued housing subsidies and the central bank’s RRR again. Fourth round: after March 30, 2015, began to improve incentives for self-occupation and demand, mainly in the fund policy. Fifth round: August 2015, superimposed relaxed outer limit order, drop quasi again cut interest rates, the national rescue fund for the two sets of deregulation, Liaoning and other provinces of city policy, coupled with last night’s dual policy stimulus.
Full Report: 9月百城住宅均价继续双涨:环比上涨0.28% 同比上涨1.36%
iFeng: 楼市发两大重磅消息 公积金未来可以这么用
Liu Shan, China Business Times deputy editor, doesn’t see a turn in housing. The lead about says it all. This was a top headline in the finance section of iFeng this morning.
Lead: central bank to adjust the ratio of house prices down payment, intended to “silver ten” to stimulate home sales, although short-term disturbances can play a role, but under the influence of monetary cycles, economic cycles and population cycles, still can not change the trend of the property market in the long-term adjustment. If you want to buy a house, please think thrice.
iFeng: 第88期：央行刺激楼市算盘将落空
