Since the implementation of the new rotation control policy in october last year, shenzhen city has recently handed over a “half-yearly newspaper”: new houses and second-hand houses have fallen, but not significantly, showing a downward trend。
Photo: a man standing in front of a house in the southern mountains of shenzhen city (journal mau, august 25, 2016)。
According to the expert, as one of the wind signs in the national building city, shenzhen managed early and heavy fists, and the policy was well-regulated, with tangible results in the fight against the firehouses and smooth development of the building。
Six months of regulation: shenzhen city
Since 2015, shenzhen city, driven by huge amounts of credit and financial leverage, has doubled prices in many buildings in a short period of time, stimulating more home buyers to rush into the market and creating an unprecedented atmosphere of speculation in the real estate market. To this end, shenzhen city has introduced regulatory policies on several occasions, and calm has gradually returned to the city。
According to data from the shenzhen research centre, only 803 new homes were sold in march of this year, which has reached a new low since 2009; the average price is $5,4730 per square metre, which is 11. 2 per cent lower than the average price of $61,600 per square metre in september last year, and price levels have remained stable downwards for five months。
In the market for second-hand houses, which dominates shenzhen city, 4838 second-hand homes were closed in march this year, a decrease of 37. 3 per cent from last september; the average value of the deal was $55115 per square metre, although this was the first recovery of five months since the new deal in october, but a 7. 02 per cent decline from last september's average of $59276 per square metre。
Recent live interviews by journalists on various buildings in shenzhen, including in shenzhen, shenzhen, uzhin thanshire, and hoshuwan orchard, east bay of emerald, found that the market was well-soldled and the buyer's mentality was calm, leaving behind previous fears and anxiety。
Strike on the firehouse: shenzhen managed to kill him early
“shenzhen is up early and it's too early to control.” according to zhang dawei, the chief analyst of the chinese estate. In order to stabilize housing prices, shenzhen has introduced a multi-rotational control policy and launched a “recognizing and lending” model, which limits and discourages speculation。
In march of last year, shenzhen introduced a real estate-restrictive purchase policy, with a down payment rate of at least 40 per cent for the purchase of two housing units, and non-resident families were required to pay taxes or social guarantees for three years in the city. In october of the same year, shenzhen again introduced a regulatory policy, which limited the purchase of additional loans, restricted the purchase of one housing by single persons (including divorce), increased the tax or social security period for non-resident households to five years, and increased the first payment rate for the purchase of two housing units to 70 per cent. In january this year, shenzhen issued a regulation stipulating that new home registration prices should not be significantly higher than those of the surrounding home。
According to zhang dawei, the price boom in the current round has been driven to a large extent by financial resources, the highly leveraged borrowing of houses is a “moderate” for many firefighters, various financial products, such as mortgages, mortgages, down payments, etc., are flying, and shenzhen's “recognition and mortgage” measures have undoubtedly hit the “life” of the firefighters and significantly reduced the space for speculation。
Data from the shenzhen research centre show that since the new deal last october, secondary housing investment in shenzhen has fallen in proportion to the shock and is now at a low level of 24. 8 per cent. In september last year, the proportion was as high as 33 per cent。
A number of real estate agents, such as nakahara, chainers and others, who were visited by journalists recently found that, under the regulation of the building market policy, a number of investors, concerned about shrinking their assets, had turned their homes around. An intermediary consultant from the fukuda nam region told journalists that there had recently been a relative increase in the availability of second-hand housing and that many of the owners of the release had been investors。
Multiple measures: promoting the health of real estate development
In the expert's view, the city control practice in shenzhen shows that the rapid rise in housing prices can be contained if it is done in a timely and well regulated manner. The director-general of research at the centre for think tanks of the eviction institute has made a drastic leap forward in stating that the implementation of “houses are used for shelter, not for fire”, and that it is essential to manage funds and market expectations that calm will gradually be restored in the city。
“the long-term positive momentum for our economic development has not changed, the process of urbanization continues, market demand has remained strong and there is little chance of a significant decline in the real estate market.” in a radical leap forward, the real estate market is at a new beginning, and there is a need to reflect on how long-lasting mechanisms can be put in place to promote the long-term healthy and stable development of the housing market。
Since last year, shenzhen has been expanding the supply of land and real estate in parallel with the strike on the building, a “basket” that aims at healthy urban development。
Image taken in shenzhen on 25 march 2016. I'm a journalist
In accordance with the shenzhen housing construction plan (2016-2020), 650,000 new effective housing units were added to the city-wide plan for the period “1305”, of which 300,000 were approved for the pre-sale and current sale of new commercial housing and 350,000 for the supply of secure housing and human resources (including the “1205” successor project). In addition, 350,000 second-hand commodity housing units have been targeted。
As to whether shenzhen will follow up on a new regulatory policy, shenzhen's association of real estate intermediaries has concluded that there is no rebound or recovery in shenzhen for the time being, and that there is little need for a new regulatory policy. If the market is “overheated”, it does not exclude the possibility of policy additions。
