Red man/from beijing
On the night of the beijing new deal, the property salesman don xiao worked late until 2 a. M。
Late in the night of 29 september, the central bank and the general directorate of state financial supervision announced that commercial personal housing loans no longer distinguished between first and second homes, with a flat minimum down payment rate of no less than 15 per cent. At the same time, a volume adjustment was introduced for interest rates on stock mortgages. Immediately after that, on the evening of 30, beijing announced an optimisation of the limited purchase policy, a series of benefits such as a reduction in interest rates on mortgages and lower down payments。
During the same night, a number of home buyers came to the sales hall, and various building plates began to be sold over overtime, with the city of beijing showing an unprecedented dynamic。
Long before the release of the policy, several buildings in beijing had sprinted the key nodes of “9. 30”, and had been hotly sold for over 20 days. Following the launch of the new deal, the number of consultations, visits and subscriptions was further increased, with multiple project sites being more crowded and home buyers more enthusiastic。
Policy benefits not only stimulate the enthusiasm of home buyers but also prompt the developers to respond quickly. Projects have taken advantage of the offer to recover discounts and increase prices, and it is hoped that this will further squeeze clients into deals. At the same time, the rise in market confidence was evident, as was the easing of anxiety on the part of the purchasers and the downside of the sales staff to their clients。
According to zhang dawei, the chief analyst of the chinese agency, the untying of the purchase limit will facilitate the “stable fall” of the market in october. The drastic leap forward of the vice-president of the institute for eternal estates also indicated that adjustments to the beijing building's limited purchase policy and a reduction in the down payment ratio would help to release some of the suppressed demand for houses, particularly for those with purchasing power but limited by policy, which would be directly reflected in the growth of turnover, which was often a precursor to the rise in the city's warming。
Working late in the morning
It's a sale building in beijing
“there were more than 10 p. M. Clients visiting last night, and by this afternoon more than a dozen clients have been brought in to eat.” on 1 october, at 1600 hours, tang xiao told the journalist that he had been working overtime and at night for many days, often before eating at night。
This phenomenon is not an example。
“to date, a total of 16 new units have been requested for the project, and more than 100 teams have been visited, and transactions may continue at night.” according to chen xiaocheng, the head of marketing at china's capital city, china, many buyers are waiting for the new deal to land, and after the beijing policy was issued on 30 september at more than 10 p. M., customers continue to come to the premises to consult them, indicating that market demand for housing remains and that the new deal has further stimulated the willingness of the buyers to enter the premises。
“visit 100+ teams, 8 subscriptions and 125 million contracts.” at 1900 hours on the first day of golden week, a collection of figures was obtained from beijing-based officials, which is a summary of the beijing-based register。
“thirty-five groups are regularly visited, and the number of visitors has doubled since the arrival of the new deal and is growing rapidly. Some clients are visiting today because the sales buildings are under strain and are not even ready for reception.” according to the above-mentioned persons, the number of subscriptions was still five in the afternoon and had risen to eight in the evening and the figures were expected to change。
At the site of the project, the waiting area is almost fully occupied. The on-site management consultant, liu min, said that today was a busy day, while he was busy showing his clients about the project and returning from time to time to the various consultations on board。
“in less than half an hour in the morning, two groups of customers have already sounded the sales centre's purchase money eggs, which means that two groups of customers have made or paid a down payment.” liu min said that there had been a marked increase in the number of people on the project site after noon. At 1800 hours on the same date, there were over eight subscriptions。
Another project under china's ji ji ji ji ji-won banner, the kyohua state establishment, was similarly significant, and announced the sale of 21 housing units on the same day. At 2100 hours the data on the sale of four data sets from jijijijiayama, hinjiang, kyushu, chun and impression, and impression were released, bringing a bright spot to the city。
The discount is withdrawn overnight
From lower interest rates on housing stock to lower down the down payment ratio, to shorter social security years, policies have brought real benefits to home buyers, increased confidence in house purchases and rapid responses from local production projects and intermediaries。
Following the release of the beijing new deal, tang xiao's project offered to recover the discount and raise the price by 2 per cent. One of its competitions, the xinshan language project, a new city in changping district, also announced a 2 per cent recovery of the full-line product concession. The kyonnan west hall project, located in the western ring of the tondai district, also stated that the original discount programme would be reinstated and the surplus discount recovered as of that date。
There are also projects that allow for some buffer, whereby discounts and price increases are recovered after the leave period, with the hope of crowding out a group of clients through “final concessions”。
According to hua yun pei, after 8 october, all of the companies in beijing were selling their houses by 2 per cent higher than the current prices, and the chinese construction of a poster was also published, with a discount of 2 per cent for the collection of flowers under the flag, no. 1, tsing and tsing hall, royal city, kingsing city yuan zheng city, ding xing city。
Policies are proficient and inspire many people to buy houses. The purchasers indicated that they would choose some of the previously intended items and that they would do the right thing if they looked at the highly marketed buildings。
Some of the purchasers who are already in negotiations are beginning to speed up decision-making。
Nearly 80 per cent of the clients in the first day of their subscriptions were in the 20 days of the transaction cycle, both after two visits. Among them, there are not only first-time visitors who have signed up, but also clients who have been waiting for almost a year to enter into business。
“the greater point is to increase confidence.” according to chan xiaocheng, the obvious change since the policy was issued is that client anxiety has eased and sales clients have become more suboptimal, with the forward to the back end, with increased confidence linking the two ends and moving towards positive development。
According to front-line market feedback, home buyers are showing a high level of enthusiasm for housing, and there will be a trade-off in beijing this year and in the fourth quarter, or a more visible rebound。
The analysis of zhao qingxiang, secretary-general of the beijing association of real estate intermediaries, showed that the market was generally stable in three quarters, according to the data on the internet. There has been a steady upturn in the volume of second-hand housing, with the number of second-hand housing units at one point exceeding 15,000 in july, a decrease in the stock of housing, and signs of a steady fall in prices in some regions。
This beijing 8 new deal, each of which is targeted and addresses different issues. Zhao qingxiang said, “the policy is in place, the market will certainly respond positively and quickly. The impact on the market will be more lasting when policies such as lower interest rates on housing stock and lower minimum down payment rates for individual housing loans.”
At the same time, market confidence will gradually be restored in a context of increasing turnover, and the expectations of home buyers will change with respect to housing prices, thus contributing to the recovery of housing prices and creating a virtuous circle of rising prices。
Zhang dawei stated that, as a whole, there was a strong policy from the central to the local level, from beijing to shanghai, and that the determination of the new deal to stabilize real estate had been fully demonstrated. As long as the real estate sector is unstable, more policies will certainly be in place. On the basis of local-level policy announcements, the country's determination to promote real estate and economic recovery has exceeded expectations。
