Under the initiative of “Celebrating the new year on the spot”, the price of new houses in the Pearl River Delta cities rose significantly in February. According to the data of zhongzhiyuan inquired by Nandu reporter, three cities in the Pearl River Delta ranked in the top five in the month on month increase list of new housing prices in 100 major cities, among which Guangzhou and Zhongshan ranked first and second respectively, and Dongguan ranked fifth.
According to the full sample survey of 100 cities conducted by China’s real estate index system, in February after the Spring Festival, the number of cities with housing price rising on a month on month basis was 66, two more than last month.
During the Spring Festival, the price of new houses in Guangzhou rose the highest in China
On the afternoon of March 1, Cao Jingjing, research director of China Index Research Institute, introduced the recent developments of the property market at the “online sharing meeting of market situation and enterprise research achievements in February”. According to her introduction, in February 2021, the average price of new residential buildings in 100 cities in China was 15884 yuan / m2, up 4.01% year on year and 0.20% month on month, which was 0.17 percentage point lower than that of last month. The overall price was stable. Among them, the price of new housing in the Pearl River Delta urban agglomeration increased by 0.73% on a month on month basis, ranking first in the major urban agglomerations.
In February, among the top 5 cities in which the new residential buildings in 100 cities increased month on month, the Pearl River Delta cities accounted for 3. Among them, Guangzhou and Zhongshan, which ranked first and second, both increased by more than 1 percentage point month on month, reaching 1.8% and 1.25% respectively, 9 times and 6 times of the average increase. Dongguan rose by 0.64%, ranking fifth, three times the average.
The reporter from Nandu sorted out the prices of new houses in Guangzhou in the past 14 months. From the trend chart, we can see that the housing prices in Guangzhou were seriously affected by the epidemic, but the recovery was particularly obvious in the post epidemic period. From January to June last year, the month on month growth rate of Guangzhou was not more than 0.4%, with a decline in February and March; the year-on-year growth rate was not more than 1%, with a negative growth in May. However, after entering July, the price of new houses in Guangzhou began to rise significantly, with a year-on-year increase of about 1.7%. After entering August, the year-on-year price growth is more obvious, and the value has been maintained at more than 3%, especially in December 2020, January 2021 and February 2021, reaching 5.44%, 5.91% and 7.91% respectively.
(drawing: Nandu big data Institute)
Institutional Analysis: advocating local Chinese new year to release the demand for house purchase in some key cities
The Chinese people’s court said that February coincided with the Spring Festival holiday, and most real estate enterprises adjusted the supply rhythm. Affected by the government’s advocacy of celebrating the Spring Festival on the spot and the “non closing” of most sales offices during the Spring Festival, the demand for house purchase in some key cities was released, and the property market was more active than in previous years.
According to Cao Jingjing, research director of China Index Research Institute, according to preliminary estimation, from January to February 2021, the monthly turnover of commercial residential buildings in 50 key cities in China is about 27.15 million square meters, an increase of 92.4% year on year. Even compared with the same period in 2019 without the impact of the epidemic, it still increased by 22.5%. In terms of supply, from January to February 2021, the average monthly newly approved listing area of 20 cities is about 11.9 million square meters, with a year-on-year growth of over 70%, and the absolute scale is the highest in recent years.