China’s multi-city second-hand house guide price big discount, fresh home buyers remorse pain

More than 10 cities in China have introduced “second-hand housing guide prices” in an effort to curb housing prices. In Dongguan City, Guangdong Province, the latest city to introduce this policy, it is said that the guide price of some properties is nearly the owner’s original selling price cut, so that consumers who have just bought a house to the official plea to break the contract to return.

Comprehensive media reports, 8, Dongguan City Housing and Urban-Rural Development Bureau issued a “notice on the establishment of a reference price release mechanism for second-hand housing transactions”, which means that on the basis of the online transaction price of second-hand housing (medium-sized houses), taking into account factors such as the assessment price of the tax department, the financial sector and the price of new homes in the vicinity, and after investigation and analysis, the formation of The reference price of the transaction of the middle house.

At the same time, Dongguan URA also announced the transaction guide prices for the first 218 communities. According to the observation of the real estate industry, most of the guide prices announced were 30% to 20% off the list price, and a few were as low as 60% off or almost cut off.

A “Dongguan citizens on the Internet to the Housing Authority to ask the political” posting today hot. The netizen who signed his name “Yang Liuyi” reflected that he spent more than 6 million yuan to buy a house in Songshan Lake area in January this year, and now the guide price in the area is only more than 3 million yuan, “my wife can’t accept this fact and now she wants to divorce me”, and said himself from the guide price released so far every day can not sleep.

The netizen said that he could not accept a house with a market value of more than 3 million yuan, but he had to pay a mortgage of 4.8 million yuan after having paid 1.8 million yuan. He asked the URA “if they can help me return the house to the original owner, I am willing to buy a new one at the current price”.

According to the online postings of a number of real estate companies such as Leju, the URA conducted a comprehensive inspection of the city’s housing listings after the publication of the guiding price for China House transactions, and requested that all China Houses with inflated prices on the agency platform be taken off the shelves.

According to the Zhuge house-hunting platform, on the 11th day of the 3rd day of the guideline price, there were 38,632 listings of Chinese houses on the Dongguan platform, a decrease of more than 10,000 from the 50,000 before the reference price was announced. In addition, more than 7,000 listings have voluntarily reduced their prices.

In February this year, Shenzhen first established a mechanism to publish reference prices for middle houses. So far, more than 10 cities have launched relevant policies one after another, including Shenzhen, Xi’an, Chengdu, Sanya, Guangzhou, Dongguan, Ningbo, Wuxi, Jinhua, Shaoxing, Wenzhou, Hefei and Quzhou, covering first, second, third and fourth-tier cities.

According to the observation of the real estate industry, Shenzhen and Guangzhou issued a reference price compared to the market price directly cut off 1/3, the high even cut the price of more than 40%. The Shenzhen Nagoya guideline price has been implemented for half a year, the volume of transactions continued to decline, compared to the total amount before the policy fell by more than 60%.

China Real Estate News reported today that after more than a month of the implementation of the guideline price policy in Guangzhou, transaction activity has dropped significantly. The head of one of Guangzhou Shell’s franchises said they have shifted their main focus to the newly completed home market because of the poor sales of middle class houses.

The report said that Guangzhou’s middle house market has gradually changed from a strong “seller’s market” to a “buyer’s market”, with owners’ psychological defenses gradually being penetrated and the number of properties with reduced prices increasing.