Cross-posted from Investing in Chinese Stocks.
China central planners can only give you a feast or famine and the market has been in a state of irrational fear or greed for almost 2 years now. What are the odds the market is back into a crisis before the end of 2017?
Some focus on second-tier cities, the inventory cycle is even lower than the level of six months. Especially stockholding Nanjing, Hefei, Suzhou and other cities is relatively small, the inventory cycle is only two months or so, the larger the recent pressure on housing prices in these cities.
35 cities have falling inventory sales ratios:
The 35 cities include Beijing, Shanghai, Guangzhou, Shenzhen the four first-tier cities; Changchun, Shenyang, Tianjin, Taiyuan, Jinan, Qingdao, Nanjing, Suzhou, Hangzhou, Ningbo, Hefei, Nanchang, Changsha, Fuzhou, Xiamen, Guiyang, Nanning , Xi’an, Lanzhou, Xining, a total of 20 second-tier cities; and Huainan, Ma’anshan, Jining, Yantai, Changzhou, Nantong, Wenzhou, Jiujiang, Jingmen, Maoming, Beihai 11 third-tier cities.
Caijing: 房价”四小龙“存销比不断走低 南京苏州合肥只够卖两个月了
Ping Pong housing policy continues, this time hitting Hefei, the hottest second-tier city in China.
- The minimum down payment is 25%
- The down payment is 40% for second homes
- Down payment is 50% if there are loans outstanding
- Down payment is 60^ for third homes
- Loans and public fund are forbidden for the purchase of a fourth or more home.
Wherein the housing minimum down payment ratio of 25%, the following purchase of real estate down payment ratio of 40%:
1, households have a home in the city within the city limits, no purchase loans records, including records in foreign loans.
2, households have a home, and a corresponding loan is cleared.
3, households without shelter, but once the loan records.
The following purchase of real estate down payment ratio of 50%:
Rooms have a name and the corresponding loans outstanding, to improve housing conditions for the application again, the down payment ratio of 50%.
The following purchase of real estate down payment ratio of 60%:
1, there are two or more households have housing and housing loan records.
2, households have two or more housing. And it has been cleared for home loans recorded.
3, there are 2 households purchase loans recorded and has been cleared for the first time home buyers credit record.
Stop the third set and over to buy housing fund to provide loans.
Caijing: 合肥限贷政策已拟定：二套房首付比为50%
Chengdu only recently started to heat up as people moved on from blazing hot cities such as Suzhou and Nanjing, but the city is going to nip this speculative fervor in the bud. The most important piece is raising the threshold for advance sales. Shenzhen implemented similar rules and cooled its housing market.
“Daily Economic News” reporter noted, “opinion” mainly related to the regulation of scientific market supply, to promote real estate consumption, supports five business development direction and implementation of territorial responsibility. For hot land market will adjust land bid bond system, the implementation by the parcel to pay, etc., trying to cool down the rate of land high premium. But perhaps the most attention in the industry is “to improve the real estate sale threshold” requirement.
Chengdu, a leading housing prices the middle of marketing said, “raise the threshold for real estate advance sales,” this impact should be significant, the strength is not strong small and medium housing prices in the operation and management will be put to the test. Month grace period for the policy reserve, Chengdu Branch, a director of a real estate agency Beijing said last month, developers will actively apply for each sale permit.
