Outside view of Park Hyatt Shenzhen.
On Monday, Shenzhen officially released the reference price of second-hand housing, the city’s 3,595 neighborhoods were priced, the price is generally 30% off the market price.
On February 8, Shenzhen Housing Authority issued a notice saying that it had established a mechanism for releasing reference prices for second-hand housing transactions, and for the first Time released reference prices for second-hand housing transactions in Shenzhen’s residential neighborhoods. According to the price list, the most expensive residential district in Shenzhen at present has a unit price of 132,000 yuan, involving 22 districts such as Emerald Coast Garden, Hengyu Bincheng Garden Phase II and Mid-Levels Seaview Villa.
According to “Brokerage China”, news that Shenzhen is considering establishing a reference mechanism for second-hand house prices has long been circulating in the market.
Shenzhen real estate and Urban Construction Development Research Center said it will regularly release reference prices for second-hand houses on its official website, WeChat public number and Shenzhen Real Estate Information Platform and other online platforms.
From the first published transaction price reference table issued by the Shenzhen Housing Authority, Shenzhen second-hand house prices in the 3595 neighborhoods with data statistics, the lowest unit price is located in Longgang Pingdi Shunjing New Village, the unit price of 16,100, a total of 105 second-hand residential neighborhoods below 30,000. And Shenzhen’s most expensive 22 neighborhoods concentrated in the Shekou area of Nanshan, the unit price can reach 132,000 yuan. In addition, there are 256 neighborhoods with unit prices over 100,000; 447 neighborhoods with unit prices between 80,000 and 100,000, and more neighborhoods with unit prices concentrated between 30,000 and 60,000, about 1,900.
For the Shenzhen Housing Authority issued a reference price for second-hand housing transactions, the market generally believes that the reference price is lower than the market listing price and transaction price, high-priced luxury homes and high-quality school district housing “price difference” is particularly obvious.
Take the most expensive neighborhoods as an example, the current transaction reference price of Taikoo Shing Garden in Shekou, Nanshan is 132,000 yuan, but the average price of this neighborhood is listed as 205,400 yuan on Chain Home, and among the 8 sets of houses currently listed, there are 6 sets with a unit price of not less than 190,000 yuan. This means that the reference price given by the Shenzhen URA is almost equivalent to a 70% discount from the market price.
The reference price of the transaction of Shenzhen URA is also 132,000 yuan, while the average price of the community on Chain Home is as high as 193,200 yuan. Currently hanging out second-hand listings, there are more than a dozen sets of unit prices are above 180,000, the highest even forced 200,000. In other words, the official reference price of China Resources City Runfu, like Taikoo Shing Garden, is a 70% discount compared to the market price.
In the Luohu shoot gang area, real estate agents generally reflect that there is a gap of 10,000 yuan to 30,000 yuan per square foot between the reference price and the actual transaction price.
Shenzhen officials said, “based on the second-hand housing net price, reference to the surrounding first-hand housing prices, comprehensive formation of the city’s residential district second-hand housing transaction reference price.”
According to land media reports, from a number of random interviews with homebuyers and real estate agents, we have not yet received feedback that owners have lowered their prices, and no buyers think they can buy a second-hand house at the official “reference price”.
Some buyers said that it depends on how the banks implement the Chinese government’s policy of “housing without speculation”, and that if banks evaluate lending according to the reference price, it will have a huge impact on the price of second homes. Some buyers also said that the second-hand houses, according to the price or not to sell the owners themselves.
Shenzhen Real Estate Agency Association Development Research Department Minister Hua Hong believes that, from the current situation, the official Shenzhen only partitioned the introduction of the reference price, but has not yet announced the details of the implementation of specific operations, so how the policy effect needs to continue to observe.
Hua Hong believes that there is indeed a difference between the reference price and the housing offer, which may have a direct impact on housing market expectations, the market wait-and-see atmosphere may rise again. For the seller, withdrawal and shyness may be concentrated in the next time period, which also belongs to the market fluctuations after the policy. But in general, the specific market reaction will have to wait for the introduction of the corresponding implementation rules, as well as the subsequent follow-up of the financial end of the bank to see the specific.
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