After a 43% jump in 5 months, Shanghai school district housing to cool off?
On March 16, the Shanghai Municipal Education Commission announced the “Implementation Measures of Shanghai High School Admission Reform”, which will implement the allocation of quotas to schools and quotas to districts. In short, it means that every junior high school student will have the opportunity to enter a high quality high school.
Industry analysis, according to the new policy of Shanghai education, the most number of students in the examination, the more key high school places, more than half of the key high school places are evenly distributed in each district schools. In this way, Shanghai is equivalent to the city-wide quality education resources “pie spread”.
This “school district house still what to play”?
Soon after, the net rumor is that the famous Shanghai old broken small + double degree district Meiyuan began to plummet, some netizens said that before the announcement of the new policy property evaluation 4.3 million, the new policy after the price became 3.7 million, a drop of 600,000 overnight!
In less than 5 months, the rate of increase is up to 43%!
Over the years, the anxiety in the education sector has been directly transmitted to the real estate sector.
E-House Research Institute’s analysis of three relatively hot areas/sectors in Shanghai’s Pudong Dasanlin plate, Zhangjiang plate and Huangpu District school district found that the prices of these three areas/sectors are more stable in 2019, while by 2020, especially from the second quarter, the Pudong Dasanlin plate and Zhangjiang plate began to see significant price increases, while the market began to appear a room difficult to find, inflated prices, unstable expectations and other chaotic phenomena .
The Huangpu District school houses are relatively stable, the reason for this is that in the junior high school stage Huangpu District adopts the school registration counterpart, while the Pudong area adopts the “household registration counterpart” policy, which means that buying the corresponding junior high school district houses can be enrolled, and the imbalance of educational resources makes the local area prices high.
The most crazy performance than the Pudong Meiyuan street, built in 1985, the old broken small because of the counterpart of the famous “Jianping West”, its second-hand house prices every year before the school season will usher in a wave of rise, there has never been a decline.
The current round of increases began to ferment in May 2020, and began to surge in October, less than five months, an increase of 43%.
Boosted by the crazy rise in school district housing, the city’s second-hand housing market in Shanghai also went all the way up: April 2020 – January 2021 for 10 consecutive months to maintain 24,000 sets – 44,500 sets of monthly transactions, of which the highest peak appeared in January 2021, after which 121 new policies in the property market iteration plus the Spring Festival holiday, February The number of units sold has fallen back.
There is an old broken small public housing district prices from 100,000 yuan / square meters near, up to 250,000 yuan / square meters.
Down 600,000 overnight! School district housing to cool off?
Just when everyone thought the madness of school district houses would continue, a new policy recently introduced by the Shanghai Education Commission poured a big pot of cold water on Shanghai’s school district houses.
Shanghai’s new education policy “stirred up a thousand waves with one stone”
On March 16, the Shanghai Municipal Education Commission announced the “Shanghai High School Admissions Reform Implementation Measures”.
According to the new policy.
Commissioned municipal experimental model high school quota allocation enrollment plan accounts for 65% of its total enrollment plan, in principle, in proportion to the number of students allocated to each district, and no less than 20% of the plan allocated to each district must be allocated to junior high schools that do not select students on a balanced, random basis.
The “full coverage” and “all schools that do not select students” means that the top public junior high schools and the “vegetable middle schools” that do not make the grade, stand at the same starting line – – in front of the quota allocation. -The number of places is no longer determined by the number of places available. The number of places is no longer determined by district test scores and student reputation, nor by whether the middle school has a parent (the same group of high schools), but by the number of students.
This means that the number of students who get into a quality high school from a quality middle school will decrease significantly, while the number of students who get into a quality high school from a regular middle school will increase significantly.
This will reduce the Gold content of the high quality junior high school district, and will also be transmitted to the high quality elementary school district.
The news came out, many people’s first reaction is that the school district house to cool off ……
The famous old broken small house prices fell 600,000 overnight!
The concept of “school district house” has suffered an unprecedented impact in Shanghai.
Recently, the net rumor is that after the announcement of the Shanghai education reform policy, Shanghai’s famous old broken small + double-degree neighborhood – Plum Garden began to plummet, some netizens said that before the announcement of the new policy property assessment 4.3 million, after the new policy prices became 3.7 million, an overnight drop of 600,000.
The real estate agent of Leju.com also broke the news that, also in the second neighborhood of Meiyuan, a 32㎡ school district house was listed at 7.2 million before the new policy and was immediately revised to 6.99 million after the new policy.
As seen on Shanghai Chain Home‘s website, a house of nearly 47 square meters in the third neighborhood of Meiyuan, which was listed on the net just a few days ago, was listed at 8.25 million, or an average of 180,000 yuan per square foot.
And a house of nearly 30 square meters in Meiyuan Sanjiefang, which was listed before the Spring Festival, was listed at 7.28 million yuan, averaging 250,000 yuan a square meter. The before-and-after comparison is a drop of nearly 30%.
A consultant on Weibo who certified Shanghai Zeller Real Estate also said that the school district house used to be difficult to find a room at a crazy price, and now it has reversed: a large number of properties are on the shelves ……
Yan Yuejin, research director of the Think Tank Center of the E-House Research Institute, previously said: “The new policy from the perspective of balanced educational resources can make Parents rational school choice and home ownership, some hot school district houses will indeed cool down subsequently, or the strong position will slightly decline. This is also reflected in the premium rate of subscription will fall, the related purchase cost will also be adjusted downward.”
The actual “school district house” speculation is further strictly prohibited
Soon after the introduction of the new policy, on the afternoon of March 19, the Shanghai Real Estate Brokerage Industry Association launched a self-discipline initiative to all real estate brokerage agencies in Shanghai to regulate the listing of properties and the release of information.
Chain Home, Pacific Ocean, Centaline, I Love My Home, Q Housing, 21st Century Housing, Xinyi Real Estate, Meikailong Aijia, Zhiyuan Real Estate, Jiaxin Real Estate, 58 Anjuke, Soufun, Fangyou, Happiness and other 14 major real estate brokerage agencies and platform companies responded to the initiative and signed a commitment on the spot.
This commitment includes four main aspects.
First, is online, offline listings release information, do not use “school district housing” for promotion, publicity; in business operations, not in the name of “school district housing”, misleading home buyers.
- Standardize the terms used to introduce educational resources, objectively introduce the surrounding schools, and refrain from using terms such as “promotion rate”, “counterpart” and “unused places” to mislead homebuyers.
- Do not list or publish unverified listings, and do not list or publish listings with inflated prices.
Fourth, in the release of information, do not appear “hot ranking”, “investment potential” and other terms; in business activities, not to speculate, not to inflate prices, not to disrupt the market.
Shenzhen also took action, the pilot university district
On March 16, after Shanghai announced the new policy of the middle school entrance examination, Shenzhen also announced the revised Longhua District University School points enrollment approach (draft for public comment), and to solicit comments from the public.
In the opinion of market participants, this is the first Time that Shenzhen proposed a “district-wide pilot large school district system”.
Among them, Longhua District Education Bureau will be selected in the Minzhi Primary one Minzhi Secondary Education Group Minshun Primary School Campus, Minzhi Secondary Education Group Minxin School Campus, Longhua District Textbook Institute Affiliated Experimental School (Century Spring City District range), Longhua District Experimental School, Shenzhen Senior High School (Group) North Campus 5 schools as the new approach to the implementation of schools.
The first year selected Minzhi Middle School Education Group Minzhi Middle School Campus, Minzhi Middle School Education Group Minxin School Campus, Longhua District Textbook Institute Affiliated Experimental School, Longhua District Experimental School, Shenzhen Senior High School (Group) North Campus five schools as the new approach to the implementation of the school.
According to the Securities Times, among them, the most concerned Shenzhen parents than the Shenzhen Senior High School (Group) North Campus, it turns out that the average price of the neighborhood with this degree has long exceeded 100,000.
Take the recently released reference price of second-hand house transactions as an example, the reference price of the first phase of Water Spring is 73,000 yuan per square meter.
And the reference price of the 5 phases of WaterShe Spring with Shenzhen Senior High School (Group) North Campus is as high as 90,500 yuan per square meter.
Although analysts believe that this pilot reform of Shenzhen’s “university district” is only fine-tuned from the enrollment points system, which is still benefiting the household population of a single district, the reform effort is small and has limited effect on curbing the high price of degree houses, there are still many people who believe that although the effect of Longhua District’s large school district system on curbing high housing prices is limited, the reform is never There is always hope that the reform will be achieved in one step.
Beijing: No encouragement to guide the seller to raise the price at will
The Beijing Real Estate Agency Industry Association issued a paper on January 28, pointing out that Beijing’s crackdown on malicious speculation and illegal funds entering the property market is the top priority for rectifying the real estate market order this year.
In response to the phenomenon that individual neighborhoods are showing the first signs of rising prices and are maliciously speculated by some agents or self media as a general rise in expectations, the city and district housing and urban-rural construction committees and the city real estate intermediary industry association have recently interviewed the heads of major brokerage agencies in Beijing several times, asking the brokerage agencies and practitioners to strictly comply with the relevant laws and regulations and strictly implement the “housing and housing without speculation “regulation and control requirements, shall not render and speculate on housing transaction information, shall not encourage and guide the seller to raise the offer at will, shall not publish articles that create panic in the WeChat circle of friends, self media channels, shall not participate in “business loans” “down payment loans “”Consumer loans” and any other illegal real estate financial activities.
Hangzhou also took action
No coincidence, according to Hangzhou Real Estate Intermediary Industry Association’s micro-signal on March 19, on March 12, the association issued an “Initiative on Regulating the Behavior of Real Estate Intermediary Services” (hereinafter referred to as “Initiative”) to the city’s real estate intermediary industry, calling on all real estate intermediaries and practitioners, and each listing release network platform to regulate the behavior of listing release, market information release and market business behavior from Real estate intermediary service behavior is regulated.
As of March 19, a total of 999 units took the lead in responding and signed the initiative letter, and more units are signing one after another.
In terms of listing release behavior, the Initiative puts forward seven requirements. These include.
real estate agencies and practitioners shall not encourage sellers to list their properties for sale at prices significantly higher than the market.
shall not lead sellers to increase prices with individual high-priced transaction cases, and shall not fabricate false high-priced transaction cases to create the illusion of rising home prices, etc..
Real estate agencies shall not accept and release housing information to the public at prices significantly higher than reasonable transaction prices.
The housing release network platform should do a good job of maintaining housing information, prohibit false propaganda, and promptly downgrade false housing information, such as false prices, false areas, false pictures, false advertisements, etc.
Super-priced school district houses will become “history”?
For Shanghai, the gradual fairness of education may have a direct impact on school district houses, and super high priced school district houses will lose their support in this context.
The reason why school district houses can sell at super high prices is closely linked to their educational resources. In a large part of the region, the school district house represents the school registration, and then represents which primary and secondary schools the child can attend, and which high schools they can be eligible to enter. The new education policy in Shanghai breaks this logic, as students from every junior high school have the opportunity to enter a high quality high school.
If we must say whose “cheese” has been moved by Shanghai’s new education policy, the school district house must be listed among them.
“The reform will make the opportunities for all types of junior high schools more balanced, which will also make the enrollment of primary and junior high schools in each district more balanced. Under the reform direction of balanced distribution of educational resources, the overheated primary and junior high school school district houses will cool down and really help promote the stable and healthy development of Shanghai’s real estate market.” Yan Yuejin, research director of the think tank center of the E-House Research Institute, thinks so.
“No more education anxiety?
After the Shanghai Municipal Education Commission released its new education policy, its content immediately hit the Weibo hot search. Some netizens commented under the article, “Will other cities in Beijing follow suit?” The industry is speculating whether this is a sign of reform.
Because school eligibility is linked to school registration, buying a house to get a school registration has become the first choice for many parents.
It is not known whether this Shanghai education reform will gradually transition to other cities. However, it can be seen that Shanghai’s new education policy has to some extent eased parents’ “education anxiety”.
Some parents commented under the news on social media platforms that after the high school admission quota is allocated to schools, parents can choose to let their children go to school nearby and avoid the need to travel to school. At the same time, the anxiety of children who do not get into the junior high school opposite the quality high school will be relieved.
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