www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Industries

Greater divisions appear in China's property market

(Xinhua) Updated: 2014-04-29 16:12

SHANGHAI - Weak residential property sales and rising land prices have led to Chinese property developers feeling the pinch. Greater divisions are appearing between home prices and sales across China.

Official data showed sales of residential property dipped 7.7 percent during the first quarter to 1.1 trillion yuan ($177.42 billion), while sales by residential area contracted 5.7 percent to 178.25 million square meters in the same period.

The weak demand has forced both government and developers into action. The city of Nanning in southwest China's Guangxi Zhuang autonomous region relaxed its policy over home purchasing on Monday night.

More second-tier cities are expected to loosen their grips over property curbs if demand remains subdued.

Capital Economics, a London-based research firm, said China's property sector faces significant headwinds. The usual post-Chinese New Year rebound in property sales has been feeble this year, with sales still below where they were one year ago.

Analysts say the sales decline during the first three months is due in part to a high base at the same period last year, when people rushed to buy homes before harsher curbs were imposed to squeeze speculators.

And they argue the rest of the year merits little optimism. Liquidity has remained tight since the beginning of the year and it takes banks longer to approve loans for developers. Some banks are reported to have suspended mortgages for home buyers since late last year.

All of these circumstances meant Chinese developers got off to a bad start. Suppressed demand and challenged credit access have sent smaller developers reeling. A small developer in Fenghua in east China's Zhejiang Province went bust after it defaulted on a 3.5 billion yuan debt earlier this year.

Others that barely survived have resorted to price cutting. In Hangzhou, a city that rests by the picturesque West Lake in Zhejiang, developers made price cuts in the hope of getting apartments off their books faster, a move that caused jitters that the bubble of the country's property market has neared its time to burst.

Some developers slashed prices by more than 30 percent, indicating the pressure to clear their inventories.

Analysts say the price cuts point to the deeper malaise of China's red hot property market -- a building boom over the years has created mismatches between supply and demand.

Total homes on sale stands at 113,000 in Hangzhou, an inventory that takes 17 months to deplete based on the average monthly sale of 6,630 houses last year, according to real estate consultancy CBRE.

Property price surge 'could soon be over' 

Cooling property sector in focus as economy slows

China's property market grows up

Tight credit for developers, buyers keeps lid on home prices

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 欧美一级淫片a免费播放口aaa | 在线精品自拍 | 四虎午夜剧场 | 欧美午夜精品久久久久久黑人 | 久久久久久91精品色婷婷 | 亚洲男女在线 | 欧美特黄视频在线观看 | 久久亚洲精品中文字幕 | 9191精品国产费久久 | 美女张开双腿让男人桶视频免费 | 国产高清av在线播放 | 国产成人lu在线视频 | 91久久国产 | 欧美日本在线视频 | 五月色婷婷琪琪综合伊人 | 欧美日韩精品一区二区另类 | 美女黄页黄频 | 在线观看亚洲免费 | 国产一区中文字幕在线观看 | 91视频国产91久久久 | 美女福利视频午夜在线 | 国产伦码精品一区二区三区 | 亚洲欧洲视频在线 | 免费的特黄特色大片在线观看 | 免费看特黄特黄欧美大片 | 午夜刺激爽爽视频免费观看 | 日本一区二区三区高清福利视频 | 美女被靠视频免费网站不需要会员 | 日韩欧美一区二区三区免费看 | 日本美女高清在线观看免费 | 日本久久网 | 欧美精品国产精品 | 青青操在线视频 | 九九色网站 | 亚洲福利影院 | 亚洲韩精品欧美一区二区三区 | 白浆在线视频 | 欧美精品人爱a欧美精品 | 久久免费视频播放 | 亚洲欧美中文日韩在线v日本 | 91精品国产一区二区三区四区 |