The city of buildings in 2014 was different from the one that had been on the road for almost two years, and the shock went down as a theme for the current year. For the shanghai real-estate market, the year was “uneven”: housing prices were being discussed in the midst of rising and falling prices, the purchasers were swaying in their eyes and in their hands, the turnover was over and over, and the policy was lost in the market’s low period. This paper will open up the fog for readers to look at the highlights of shanghai house in 2014。
Focus one: a new deal in shanghai land management
A new wave of land management “new deals” for mega-cities began in march 2014. The shanghai city government issued a paper setting out a set of “packages” of land management to achieve “zero growth” or even negative growth in construction land. A number of observations on further increasing the level of conservation and utilization of land in the city suggest that by 2020, the total size of construction land in shanghai will be kept within the planning scope targets and that there will be modest space for development. The previous shanghai target of 3,226 square kilometres for construction by 2020 meant that the total amount of additional construction by 2020 should be within 150 square kilometres。
[summary of travellers] clarifying the total size of land available in the future will reinforce the expectation of land scarcity and generate a push towards higher land prices。
Focus two: relax, two children alone, "close 3 hot."
On 25 february 2014, at the eleventh meeting of the fourteenth shanghai people's congress, the shanghai city people's standing committee voted to adopt the amendment to the shanghai city regulations on population and family planning. As of 1 march, the rule that a single husband and wife may have two children was extended from the rural population to the city-wide civil population. One of the spouses is an only child and one of the spouses is a resident of shanghai city。
With the opening of two separate births, many families began to plan for the second child, and there was a rush to “closer three” in shanghai city, where the availability of three houses, which were more practical and suitable for the families of two children, became more intense。
The first three rooms are suitable for immediate demand, the third are suitable for improvement, and the choice of the type suitable for the current stage can result in significant savings in the cost of buying the house。
Focus three: 930 new deal's stimulus city. Back warm
On 30 september 2014, the central bank and the bank's superintendence jointly issued a circular on the further development of financial services for housing, in which banking financial institutions implement a first-rate loan policy for families with one housing unit and whose loans have been closed for the corresponding purchase, and again apply for loans for general-commodity housing to improve living conditions。
The main beneficiaries of the bank's new deal are buyers of improved demand, which has also been an important support for the second half of the year. Improved demand, for both housing and banks, is more profitable than it is. The recovery of confidence, on the other hand, has a significant impetus for improving the entry of populations into the market. With the issuance of the 930 new housing policy by the central bank, the market mortgage environment in shanghai has improved, and the situation with respect to the sale of housing is on the rise。
As housing stock continues to be under considerable pressure, most businesses continue to be under pressure, and post-market sales data will continue to improve with the release of policy overlaps, but a substantial rebound will not occur, and “stable price increases” will be the main trend in future building markets。
Focus iv: new standards change at shanghai house
On 13 november, the shanghai city housing authority issued a circular to liberalize the general housing standard, which will be implemented on 20 november 2014. The liberalization of ordinary residential standards has resulted in a certain reduction in the second-hand house transaction tax and reduced transaction costs. In the case of a second-hand house deal of less than 90 square metres, which is not the only one for five years, the buyer and seller can save more than 3 per cent of the price of the house after being found to be ordinary。
The adjustment of the general housing standards [summary of the travellers] makes it difficult to change the current pattern of “price-for-price” prices, which are unlikely to rise. There has been no change in policy and market fundamentals, nor has the brand developers' strategy for end-of-year sales performance changed, and the chamber of commerce has managed to minimize the “no-power” trend in shanghai city at the end of the year。
Focus 5: provisional regulations for real estate registration station
On 22 december, the provisional regulations for the registration of real property were introduced. The provisional regulations for the registration of immovable property, published on this occasion, include chapter 6, article 35, which specifies the contents of immovable property registers, registration procedures, information-sharing and protection of records, and legal liability. This regulation will be implemented on 1 march 2015。
With regard to access to registration information of public interest, the regulations provide that the right-holder or interested party may, in accordance with the law, search and copy immovable property registration data and that the immovable property registry should provide them. Furthermore, the information registered by the various levels of the immovable property registry should be integrated into a unified basic platform for information management of the immovable property register, ensuring real-time sharing of information registered at the national, provincial, municipal and county levels。
The greatest impact of real estate registration is the first “checking home” in decades. This work is laying the foundation for the introduction of a real estate tax and the national networking of personal real estate information。
In 2014, shanghai city had lost memories and a new “headline”. With declining sales and high stock levels, and by the time the new deal of 930 has become the market, housing prices will remain the hottest topic in 2015
Responsible editor: zhang dei
