In 2016, Sichuan real estate ＂destocking＂ achieved remarkable results, and house prices remained stable.
The property market in 2016 can be described as ups and downs. From the slow sales at the beginning of the year to the recovery in the middle of the year, and then to the end of the year, the Sichuan real estate market has also experienced a roller coaster-like turning point. Judging from the current real estate market in Sichuan Province, the main purpose of secondary cities and third-and fourth-tier cities in the province is to destock, except that Chengdu, the provincial capital with overheated real estate market, has implemented regulation policies. So, what is the effect of destocking in Sichuan Province throughout the year? Which cities in the province have introduced policies to stimulate the property market?
The inventory scale decreased, and the overall price stabilized and rebounded.
A few days ago, the General Office of the Provincial Party Committee and the General Office of the Provincial Government jointly issued five implementation plans, including the Implementation Plan for Promoting Supply-side Structural Reform and De-capacity in Sichuan Province, which mentioned that by 2017, the inventory of commodity housing in the province will be reduced by 10% compared with 2015, and the personal loan rate of housing provident fund will remain at around 85%.
According to the data released by the Sichuan Provincial Bureau of Statistics, from January to November 2016, the investment in real estate development in Sichuan Province was 491.88 billion yuan, a year-on-year increase of 9.8%. The construction area of commercial housing is 407.049 million square meters, an increase of 5.6%. The completed area of commercial housing was 55.504 million square meters, up 61.2%, of which the completed area of residential housing was 36.691 million square meters, up 53.4%. The sales area of commercial housing was 81.908 million square meters, an increase of 22.3%. Be in a leading position in the western region.
Since the beginning of this year, major second-tier cities in Sichuan have actively introduced relevant destocking policies, and the real estate market has generally continued the rebound trend at the end of last year, showing a good development momentum of sustained growth in development investment, rebound in market supply indicators and growth in commercial housing transactions. Overall, the price of commercial housing in our province has stabilized and rebounded, but there has been no excessive price increase.
Multi-city destocking policy has achieved remarkable results
Judging from the development of the real estate market in the whole province, it mainly presents polarization. Some cities with industrial support have obvious inventory effect under the impact of foreign population, while some cities with serious local population outflow and insufficient local confidence in buying houses have greater inventory pressure.
In this case, various secondary cities have introduced relevant countermeasures, the main methods are: issuing housing subsidies, increasing monetary resettlement, strictly controlling land supply and introducing preferential policies for shed reform.
Under a series of measures, Neijiang City has achieved obvious results. By the end of 2016, the scale of commodity housing in Neijiang City will not be higher than 3.9 million square meters, and the inventory destocking cycle will be controlled within 16 months. The growth rate of commercial housing sales in Luzhou is also obvious, and it ranks first in the province from January to September with a year-on-year increase of 39.9%. From January to September, the sales of commercial housing in Ya ‘an City was 570,100 square meters, up 35.3% year-on-year, ranking second in the province, but the pressure of destocking in Yingjing, Tianquan and Lushan counties was heavier. Guangyuan City strives to gradually ease the imbalance between supply and demand of commercial housing in the city by 2017, and the inventory of counties and districts with high inventory pressure will return to a reasonable level. In March of this year, Deyang City issued the policy of "subsidy of 5,000 yuan per house for rural residents", which achieved remarkable results. At present, the inventory level of commercial housing in the city has returned to a reasonable range. (Reporter Fan Ruiming)