Property market spring is coming

　　The State Council Information Office(SCIO) held a press conference at 10 o'clock this morning (17th). Ni Hong, Minister of the Ministry of Housing and Urban-Rural Development, said that the Party Central Committee attaches great importance to the stable and healthy development of the real estate market.

　　Since the introduction of the new real estate policy at the end of September, the number of new house visits, transactions, and contract signings in various places has increased significantly, second-hand house transaction volume has increased significantly, and the property market has fully recovered.

　　Transactions in the real estate market have been significantly active, benefiting upstream and downstream of the industrial chain more. The types of building materials in the futures market and the real estate sector in the capital market have become the leaders in the market rebound.

　　Image source: Photo Network

Policies stimulate real estate market recovery

　　“China Business News” reporters learned that the “September 26” Political Bureau meeting of the CPC Central Committee set the tone of “promoting the real estate market to stop falling and stabilize”, releasing the strongest signal to date to stabilize the real estate market. Since the end of September, first-tier cities have successively introduced property market policies. The New Deal and multiple departments held press conferences to introduce a “package” of incremental policy measures, which greatly boosted market confidence.

　　The SCIO stated that real estate in “stabilizing growth” is important, reflected a greater emphasis on policy coordination and consistency, and further clarified several “multiple” measures to promote the real estate market's stable and healthy development. Chen Wenjing, policy research director of the China Index Research Institute, pointed out that in the fourth quarter, implementing the “package”, which supports policies for real estate is expected to be accelerated.

　　On October 17, the State Council Information Office stated at a press conference that it highlighted the important role of stabilizing real estate in “stabilizing growth” and also reflected a greater emphasis on policy coordination and consistency. It further clarified that multiple “combination punches” including four cancellations, four reductions, and two increases have promoted the steady and healthy development of the real estate market. Chen Wenjing, policy research director of the China Index Research Institute, pointed out that in Q4, the real estate “package” support policy is expected to accelerate the implementation.

First-line property market rebounds

Related product chains benefit

　　In recent years, with the tightening of real estate policies, housing for living and not for speculation guidance has gradually been implemented. Coupled with other reasons in the past three years, the real estate market has been in a downturn, affecting the entire industrial chain such as steel, cement, and building materials. Entrepreneurs dare not invest because of policy reasons, and the social economy is devoid of vitality.

　　Affected by expectations of another round of real estate policies, the entire real estate industry chain collectively rose sharply on the 16th. Gemdale Group reached its daily limit, Vanke A rose 8.7%, and Zhangjiang Hi-Tech and Xincheng Holdings rose more than 6%. According to statistics from the China Index Academy, the overall transaction volume of the property market increased month-on-month last week, with first-tier cities seeing the highest increase, up 73.55%. Among them, Shenzhen, Guangzhou, and Beijing all experienced month-on-month growth rates of more than 100%, with Shenzhen leading the way with a 314.9% growth rate. The overall transaction area of second-tier representative cities increased by 31.04% month-on-month.

　　In the commodity futures market, the building materials sector saw a weekly increase of 6% on the 16th, ranking first among all commodity futures sectors. Recently, several large domestic steel companies such as Baosteel, Anshan Iron and Steel, and Benxi Iron and Steel have significantly increased their ex-factory prices in November, by up to 600 yuan per ton. In the upstream building materials market, according to statistics from Cement.com, on October 15, the domestic cement price index increased by 20% compared with the same period last year.