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According to CRIC’s data, the monthly sales volume of the top 100 real estate companies in September was 570.96 billion yuan, an increase of 10% month-on-month. Although it was still down 25.4% year-on-year, the decline was further narrowed compared with previous months. Judging from the cumulative performance of the first three quarters of this year, the overall performance scale of the top 100 real estate companies in each quarter has remained low. The cumulative sales volume of the top 100 real estate companies from January to September was 4,669.79 billion yuan, a year-on-year decrease of about 45.4%. Recently, various local governments have successively adjusted purchase restrictions, lowered down payment ratios and loan interest rates, and provided various support policies such as housing subsidies under the “city-specific policies”. The property market may continue to pick up in the fourth quarter. (interface)
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