What you said about the second floor is wrong, haha... It would be okay if it really dropped to 2,500 per square meter. However, there are fund-raising buildings in Beishan that are indeed at this price. In the city, it is still the same. Since last year After Changjitu was approved at the end of November, it has increased but has not dropped. The starting price is around 3,200, and the price for the elevator building starts at around 3,500. However, friends in Hunchun who want to buy a house don’t rush to buy it yet. Don’t listen to the sales places saying, “We have already sold half of it”, “There are no more floors to several floors”, “The price is this now, and it will go up soon...” Prices will definitely drop slightly in 2011.

Reason 1: Now the country is regulating the real estate industry due to the soaring housing prices in the frontline, and has introduced a series of property market regulation policies (controlling loans, controlling the number of house purchases, property tax...) Although it has nothing to do with Hunchun , but Hunchun’s housing prices are indeed in a bubble, and there is no benefit in the context of further regulation.

Reason 2: Hunchun’s economic development is slow, and there is insufficient rigid demand for housing in the absence of population growth. In addition, the Hunchun government has done a good job in supplying affordable housing and low-rent housing. It is almost impossible to expect supply to exceed demand in Hunchun. How can there be a price without a market?

Reason 3 (the most critical): my country’s CPI has reached 4.4 (in fact, inflation is much greater than this number). In order to control inflation, the country has continuously increased the bank reserve ratio, and on October 20, 2010 The benchmark interest rates for RMB deposits and loans of financial institutions will be raised starting from today. The one-year deposit benchmark interest rate was raised by 0.25 percentage points, from the current 2.25 to 2.50. This means that the loose monetary policy has been transformed into a tightening monetary policy. There will be one more interest rate increase at the end of a few years or early next year, and another increase next year. The real estate developers in Hunchun do not have that much strength and cash flow guarantee, and they will either go bankrupt or cut prices to withdraw cash.

Reason 4: Real estate has entered a recession cycle. The first real estate business cycle (from the urban real estate reform in 1985 to the negative growth of real estate investment in 1990) and the second real estate business cycle (from the 1992 Deng Xiaoping Revolution) Patrol - the second negative growth in real estate completion in 1997) The third real estate cycle started with the housing system reform in 1998 and should actually have ended in 2008. However, due to the country’s 4 trillion economic stimulus, the real estate recession has not come for a long time. Now the international The situation is complicated (European subprime mortgage crisis, currency war...) national fiscal deficit, high inflation... It is impossible to print a large amount of money, so the real estate crash is not far away.