蒲县| 涡阳| 庆元| 巴里坤| 安县| 新荣| 蒲县| 中牟| 乐至| 钟祥| 台安| 忠县| 霍山| 凤庆| 李沧| 威县| 合阳| 梁山| 高碑店| 阳江| 乌恰| 辰溪| 开封市| 光泽| 剑河| 苏州| 汕尾| 宁明| 罗定| 册亨| 鄂尔多斯| 芮城| 单县| 涠洲岛| 湟源| 畹町| 黑山| 成都| 额济纳旗| 宾川| 方山| 玛多| 科尔沁左翼中旗| 张家口| 长安| 克东| 南丹| 代县| 腾冲| 涠洲岛| 防城港| 黑山| 阳山| 洋县| 应城| 巴林右旗| 启东| 陈仓| 宁南| 南城| 金乡| 普宁| 乌当| 盘山| 开化| 盐山| 定兴| 松阳| 台安| 万荣| 永宁| 江宁| 福安| 运城| 通道| 温泉| 盐田| 封开| 嵩县| 张北| 鄯善| 莱西| 湖北| 海口| 云阳| 贵南| 资源| 赣州| 木兰| 伊吾| 镇宁| 石屏| 七台河| 壶关| 满洲里| 靖西| 连南| 朝阳县| 吉首| 大田| 紫阳| 石泉| 房县| 承德市| 三门| 额敏| 丰城| 张家口| 上蔡| 黑龙江| 衡山| 余江| 叶县| 将乐| 图木舒克| 平顺| 新荣| 莱州| 澄海| 荔浦| 紫云| 安福| 长安| 昂昂溪| 南昌县| 加格达奇| 清水| 长治市| 清涧| 贞丰| 四方台| 交口| 兴义| 成安| 鲅鱼圈| 赤水| 畹町| 兰考| 王益| 罗源| 潍坊| 高青| 牟平| 平潭| 台安| 顺平| 郎溪| 郯城| 沙湾| 怀宁| 利津| 肇东| 富裕| 清涧| 新邵| 会宁| 哈密| 康马| 开平| 宁夏| 绥德| 广东| 北流| 歙县| 沙县| 林芝镇| 灯塔| 泾川| 武穴| 碾子山| 青阳| 祥云| 浮山| 云林| 晋城| 三门峡| 昌吉| 怀仁| 昌邑| 安图| 麦盖提| 夏津| 连南| 合肥| 乌拉特前旗| 通渭| 正镶白旗| 嵩明| 盘山| 古交| 永仁| 恒山| 阿拉善右旗| 老河口| 中牟| 增城| 岳普湖| 沧州| 得荣| 阜阳| 湘潭市| 大方| 宁晋| 衡阳市| 五营| 平塘| 民和| 尉氏| 广东| 临邑| 垦利| 安塞| 丹凤| 五峰| 长寿| 新干| 阜城| 伊宁县| 金州| 囊谦| 唐县| 邹城| 宁河| 沂南| 开化| 绥芬河| 甘洛| 巍山| 克山| 萨迦| 成武| 德州| 山亭| 泗阳| 徽州| 广宗| 芷江| 沿滩| 岑巩| 大名| 柘荣| 开鲁| 深圳| 泾阳| 淮滨| 阳江| 合江| 潼南| 滦平| 商洛| 南海| 宜都| 宜州| 安图| 盐边| 合山| 合江| 三水| 织金| 沾益| 宣化区| 土默特右旗| 应县| 邵阳市| 母婴在线
Global EditionASIA 中文双语Fran?ais
Business
Home / Business / Industries

Experts say RRR reduction to help ease property sector pessimism

By Wang Ying in Shanghai | China Daily | Updated: 2019-09-18 08:36
A visitor (left) looks at a property model at the 2019 China (Shenzhen) International Real Estate Expo in Shenzhen, Guangdong province, on Aug 19. [Photo provided to China Daily]
母婴在线 当日,欢歌庆丰收·巴渝月正圆——“我们的节日·中秋”活动在重庆市北碚区金刀峡镇举行,活动现场开展了系列传统文化闹中秋活动。 创业 同时,限定了5年内不得出售等条款。 母婴在线 其中,国有权属用地万平方米,集体权属用地万平米,集体权属用地中现状建设用地万平方米。 思维车 小西关大街 母婴在线 新州镇 武汉女人 新华里

The central bank's move to cut the reserve requirement ratio will not become a stimulus for the property market, which is guarded against speculation, but the increased liquidity will help ease the pessimism clouding the market in the rest of the year, said experts.

The People's Bank of China, the country's central bank, announced on Friday a cut in the reserve requirement ratio for financial institutions by 50 basis points from Sept 16 in the latest effort to bolster the economy.

"The target of the decision is clear, which is not for the purpose of stimulating the property market," said Zhang Dawei, chief analyst at Centaline Property Agency Ltd.

Quite a few tightening measures were in place before the RRR cut, and they have served as precautions to prevent capital from flowing into the real estate sector, said Zhang.

More than half of the top 10 Chinese listed property developers failed to achieve their half-year revenue target, which suggested that they have to make more efforts in the second half, and perhaps during the conventional sales season of September and October.

Although a total of 12 real estate developers including China Vanke, Country Garden and Evergrande reported their revenue exceeded 100 billion yuan ($14 billion) in the first half, the majority of the top 10 missed their annual targets.

Among the seven top 10 developers that have announced their annual sales objectives, Poly Real Estate and China Overseas Property are the only two to have achieved their ambition.

According to ThePaper.cn's report, 10 out of the 25 major Chinese developers achieved more than 50 percent of their annual sales revenue from January to June.

"Developers have clearly shifted their focus from high growth to stable and sustainable development," said Zhang Jian, research director of Shenzhen Fangdd Network Technology Co Ltd, the nation's largest online property trading service platform set up in 2011.

The property market has entered a new phase, which in turn has led to the transition of developers' strategies, therefore, high growth is no longer the only pursuit, and stable growth is the new trend, added Zhang.

Conventionally, real estate developers' first-half sales revenue is not as good as the second half, especially taking into consideration that the annual sales peak is in September and October, according to Duan Yutong, an analyst from Beijing-based property information and technology company Zhuge.

The narrower difference between peak sales months and other months, the tightening policies announced by local governments, and the restrictions on Chinese property companies' offshore fundraising by the central government will increase the difficulties for those companies that have not achieved 45 percent of their whole-year sales in the first six months, added Duan.

The RRR cut could play down the pessimistic outlook for the real estate sector. The increased liquidity will not go directly to the real estate sector, but will to some extent lower the cost of home mortgages, said Yan Yuejin, director of Shanghai-based E-house China Research and Development Institution.

"The central government's firm stand on houses as places to live instead of tools for speculation has sent a clear signal to the market that all future real estate development should follow the actual market consumption needs," said Yan.

Nevertheless, property developers are confident of achieving their annual targets.

"There is no doubt about the accomplishment (of this year's target)," said Xia Haijun, president of Evergrande Group, at the company's half-year results meeting.

Meanwhile, Cheng Guangyu, vice-president of Country Garden Holdings Co Ltd, expressed his confidence that the company's sales revenue will continue to see year-on-year growth.

Experts expected that property developers will take more active measures to shore up sales, such as offering discounts in the second half.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
 
鹤林乡 盂县良种场 前三眼桥 枫树窝 西马棚街 丹霞镇 南岳庙乡 杨秀店村 横港街道
寿星街 北京昌平区回龙观镇 骑士公园 张兴庄 沿湖社区 清河区 花所乡 淄博 金铃乡
万芳桥北 北京东路外滩 南部街道 亚曼牙乡 东阿县 西余 东湖路口 南李渠村 御碑楼 宫前路
https://www.whr.cc/bbsitemap.htm