On 17 march, the national commission for development and development issued the " joint development plan between the tunzhou district of beijing and the cities of hebei province, sanha, grand factory and sanhe county " (hereinafter " the plan " )。
The industrial situation in the province of hebei, which is known as the three northern prefectures, is the “over-reliance on real estate development” as determined by the plan and is more known as the “sleeping town” on the outskirts of the three rivers。
The plan states, inter alia, that the total amount of real estate development should be strictly controlled, leading to rational development of real estate, and that the hoarding of land should be severely combated. The city of the three northern counties, which have experienced a surge and fall, will soon be able to regulate its smooth development。
Is tungzhou worth more
It is understood that the planning process has been under way since 2002 in the three northern prefectures in coordination with kyoutin. In 2014, it issued the integrated development plan for the three northern districts of the city of panama (2013-2030), which calls for “first priority to be given to the need to defunct services in the capital city; and, in space layouts, to break administrative barriers and achieve internal coherence”
The plan states: “the tunzhou region and the three northern districts are co-located in the kyoyoyo border area, bordered by each other, close by each other, ecologically integrated and culturally close, and have a sound basis for concerted development.”
Transport bottlenecks have been the first to break. The plan states that the cross-river bridge construction will be implemented in an integrated manner by expediting the handover of backbone roads to the three river cities, large factories to the autonomous ethnic districts and cha ha district. Improvement of the network of the south of the beijing city sub-centre with the large factory and the sanha skeletal route and upgrading of the relevant road standards。
“by 2035, institutional mechanisms for collaborative development have been improved, efficient and integrated spatial patterns have been largely formed, the quality of the ecological environment has improved fundamentally, smart green transport systems have been largely formed, innovative modern economic systems have been largely established, basic public services have been more or less equalized, and green cities, forest cities, sponge cities and smart cities have been largely built.”
In response to the impact of the plan on the real estate market, pan ho, a new house analyst at the shell institute, said: “the ndc has further defined the development goals of green cities, forest cities, sponge cities, smart cities. As a result, development planning in the tunzhou district will enter a new stage of development and the value of land will increase further.”
“the upgrading of the status and functioning of the cities of the three northern counties, the enrichment of the industrial structure and the improvement of the city's support will lead to the transfer of the industrial population, of which the development of real estate and its market development will be an indispensable part.”
There is no short-term surge
The development of the real estate market in the three northern prefectures is closely linked to the state of beijing。
In 2008, the average cost of houses in the suburban town of the three river swallows was only about $3,000 per square metre, while by 2017, especially after news of the construction of the beijing urban secondary centre, the peri-urban house price jumped to over $30,000 per square metre。
Wang qing, who had been an intermediary in yan's suburbs, described what had happened when he was the hottest at the time: “our boss sent a box of money directly to the developer to wrap a building up and sell it up in no time, as if he were collecting money.”
In june 2017, however, the area formally restricted the purchase of houses by non-residents to three years of social security coverage, and the town of yan suburbs was cut off overnight at an average price of only $20,000 per square metre。
There have been consistent rumours that “the three northern counties have been lifted” and, in particular, in october 2019, there were reports of “directional untying” in the three northern counties, some of which even indicated that the easing of the restrictions had been “stable”。
According to zhuge's data on house search, in december 2019 there were 140 on-lines and 199 on-lines in january 2020, compared to 35 in november 2019, the average value increased slightly from $19,000 per square metre in november to 2000 per square metre in january. Taking into account the delay in the registration of new homenets, it is precisely the time to relax the rumours。
However, the rumours were quickly officially rejected and there was no change in the restrictive purchase policy. The plan also makes it clear that the development of property is strictly controlled。
The plan describes the current state of the industry in the three northern counties as “overdependence on real estate development” and requires “a firm rejection of the development approach, which is dominated by real estate development, and the establishment of stricter access conditions for real estate projects and a binding mechanism for annual aggregate development. Based on the growth of employment and the availability of support facilities, the number, layout and timing of housing are determined rationally, the total amount of real estate development is carefully controlled and the rational development of real estate is guided.”
At the same time, it is clear: “strengthening the hoarding of land by real estate enterprises.”
Experts believe that the real estate market will not rise in the short term as a result of this planning. According to zhang bo, head of the branch of the institute for secure tenure, “the supply of future markets will be controlled in an orderly manner from the point of view of planning, and housing market disruptions, such as fireworks, will also be targeted, the maintenance of the city's stability, especially in housing prices, will remain the focus, and speculative demand will be strictly controlled”
For the future real estate market in the three northern counties, zhang bo expects: “the overall level of housing prices is expected to remain in an orderly upward pattern over the next three to five years, but there is no short-term surge. At the same time, it is even more noteworthy that the region will attract more people to work and live here, and that it will not remain the “sleeping town” of the beijing workers.”
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