Disturbed by the epidemic, economic growth slowdown, China's real estate market is under pressure.On May 18, the National Bureau of Statistics released data on housing prices in 70 cities in April, showing that in April, among 70 large and medium-sized cities, sales prices of newly built commercial residential properties fell in 47 cities, and sales prices of second-hand residential properties in 50 cities fell in the same period.

The National Bureau of Statistics Urban Division Chief Statistician Rope Guoqing interpreted that in April 2022, 70 large and medium-sized cities, the number of cities in which the sales price of commodities and residential housing sales prices declined increased, and the first, second, and third-tier cities of the sales price of commodities and residential housing sales prices in the ring overall declined, year-on-year continued to be lower.

Chengdu ring rose 0.8% to lead these cities into the focus

It is worth noting that Chengdu has become the "big hit". new home prices in April by Chengdu and Guiyang, ring rose 0.8%, second-hand home prices by Chengdu, ring rose 0.7 percent.

According to the official website of the Chengdu Municipal People's Government, it can be found that in the past year, Chengdu's property market regulation and control policies frequently. On May 16 this year, the Office of the Leading Group for the Stable and Healthy Development of the Chengdu Real Estate Market issued a Notice on Supporting Rigid and Improved Housing Demand, releasing four new policies for the property market, including optimizing the conditions for pre-sale processing, optimizing the supervision of pre-sale funds, optimizing the criteria for determining the total number of units of housing for a family, and optimizing the criteria for determining the number of households with no home.

The latter two areas of concern is higher, in the optimization of the total number of family housing units identified criteria, Chengdu suburban districts (cities) and counties have been purchased or newly purchased housing is not included in the central urban area to purchase a home under the name of the total number of housing units calculated in the optimization of the identification of households without a home, the buyer and his family members do not have their own ownership of housing in Chengdu and registration of the purchase date of the two years prior to the transfer of no housing records, is recognized as a resident family without a home. The buyer and his/her family members who do not own a house in Chengdu and have no record of housing transfer within two years prior to the date of registration of the purchase will be recognized as a houseless family. This means that the number of homes available for residents who meet the corresponding conditions will rise, which may have a pulling effect on the subsequent volume of home purchases in Chengdu.

Shenzhen new home sales prices fell 0.1 percent from a year earlier, the first decline since 2022. According to industry analysis, the decline, on the one hand, is due to Shenzhen's strict property market control policies; on the other hand, it is also related to the decline in market demand due to the epidemic. According to the Shenzhen real estate information network public data show that in March this year, Shenzhen sold 2859 sets of new homes residential, second-hand residential transactions 1117 sets, the number of new homes sold for the same period in the last three years the lowest, more than 2021 March transactions 5305 sets of data reduced by nearly 50%.