The city with the highest house price in mainland China has set another record.
In November, the average price of second-hand houses in Shenzhen broke the “ceiling” of 80,000, reaching nearly 82,000 yuan/m2.
As a first-tier city, the average price of second-hand houses in Shenzhen is already twice the level of Beijing, Wuhan, Shanghai and Suzhou, and even twice the level of Guangzhou.
Top ten cities for average price of second-hand houses in November 2020 / Source: China Housing Market Website
In other words, if you buy a house in Shenzhen, you can buy one in Beijing and one in Wuhan, and you can buy two in Guangzhou. ……
The source of the data is China’s house price quotes website, with the background of the Housing Association, which is relatively reliable.
Why is Shenzhen still so fierce under the strictest policy environment of control in history? What is the signal behind it?
Shenzhen’s housing prices, all the way up, especially in the second-hand market.
In the first half of this year, the second-hand house or “6”, despite the 7-15 property market regulation, or exceeded 70,000. In November, it was already more than 80,000 a flat.
There are a lot of reasons, one of which should be paid enough attention to – recently, there are owners of the Shenzhen district “hug group price increase”.
Take a look at this owner’s slut operation.
In July it was 5 million, and in November it became 7 million, a direct increase of 2 million – the equivalent of a house in most cities.
This is not an isolated phenomenon.
A microblogging V outburst, recently, a district owner in Shenzhen wanted to sell a set of below-market prices under the name of housing. As a result, he was attacked in a group of owners.
Why is it so cheap?
Source: Weibo
Oddly enough, selling a home is no longer a private matter, but seems to be decided by a vote of all owners!
In fact, this has been a long-standing continuation of the owners hug group price increases.
Last year, shenzhen hug group price is fierce, from the initial Nanshan District individual property, quickly spread to the Futian, Longgang, Longhua and other areas of multiple developments.
The unit price soared to 300,000 / ping, a suite of a month skyrocketing 2 million has not surprisingly.
The owners of the Shenzhen Phoenix, but also wrote a hug to raise prices initiative – “to the Phoenix of all owners of the book”, once the hug to raise prices to a climax.
The value of 2019, young Shenzhen favorable constantly, in February the Guangdong-Hong Kong-Macau Greater Bay Area planning heavyweight release, to the real estate market across several years has played a role in fueling, then let go of Hong Kong and Macao people to buy property, was the removal of the mansion tax, to the undercurrent of the second-hand housing market set off a high tide of catching up, the current Shenzhen community WeChat group news, listing price a wave higher than a wave, in the market to buy up not to buy down under the follow-up effect, has attracted all kinds of capital gathered Bay Area faucet, the middle class gathered in Shenzhen ……
The initiative also specifies a release price and a rush sale price. If the price is lower than the set number, you have to “close immediately and re-hike the price to hang on.
If an owner doesn’t follow the initiative, it’s likely to be difficult to get a foothold in the community.
The initiative spread like wildfire on social media, attracting the attention of the authorities.
Shenzhen’s Bao’an District Housing and Construction Bureau immediately issued the following notice.
Conducted interviews with individual owners of COFCO Phoenix Li Huayuan, who were suspected of maliciously speculating in the price of second-hand houses by issuing collective comments about price increases.
Suspend the processing of online signatures for used houses in the district.
If it is found that other illegal activities such as disrupting the market order are suspected, it will be transferred to the public security, municipal supervision, judicial and other departments to deal with it according to the law …….
At that time, the owners of Phoenix Lane really raised prices, hundreds of thousands and hundreds of thousands of dollars. It’s not just a matter of time, it’s also a matter of time before you get to the bottom of it. I don’t know if it was lucky or unfortunate.
There were voices at the time that the property market regulation had set a precedent for precision to the neighborhood.
The second-hand house madness in Shenzhen was temporarily beaten, but last year’s Suzhou, this year’s Hefei and other places, there are still many communities in the huddle to raise prices, “rising voices” one after another.
In the end of this year, the “hugging” and back to Shenzhen, for the average price of second-hand house exceeded 80,000 to do an indelible “contribution”.
Owners collectively inflate prices, can be sustained?
Some say it goes against the laws of economics, only their own neighborhood rose, the next neighborhood does not rise, can only be self-directed.
This is true in theory. However, Shenzhen is very special.
In the housing supply is so tight in Shenzhen, housing prices rose, but increased anxiety psychological buyers.
It’s not hard for a neighborhood to raise prices collectively, and collude with the neighborhood next door to raise prices. A spread of ten, ten spread a hundred, it affects one or more sectors of the prices.
The painful loss of hundreds of thousands of yuan to buy the house to raise the price of housing, pulling up the district’s housing transaction price, life two, two, three, the overall price went up.
There are also some cases, many owners of collective price increases, just put the house up, to create the illusion of rising prices, and not eager to sell.
Therefore, more than 80,000 square feet of house prices in Shenzhen, there is certainly water.
In the face of inflated prices, in recent years, Shenzhen’s regulation of the property market has become increasingly strict. Last year, Shenzhen’s regulation directly and precisely to the district, setting a national precedent.
At that time, we thought that China’s property market has formed a full chain, 360-degree precision control, knocking objects from the local government, developers, financial institutions, intermediaries to now the fifth link in the chain – owners.
Not only that, in September this year, Shenzhen also introduced the “Shenzhen real estate market supervision measures (revised draft)”, proposed the establishment of second-hand price guidance system, the establishment of abnormal price fluctuations in the project “warning” mechanism.
The system is always getting better and better. It is certainly not possible that once the policy comes out, property speculation comes to an abrupt halt, it is more of a prolonged war of non-stop moves.
For example, Shenzhen issued eight Shenzhen has been nearly half a year, the intensity is considered large, but still appeared some time ago, the fourth phase of the Huarun to fight new robbing houses.
The official response of Shenzhen immediately: to investigate the agency to hold speculation, is studying the regulation policy! I believe it will be introduced soon.
For the “hugging group to grab the house”, Shenzhen will probably also introduce corresponding measures.
It can be said that the deep eight laid the foundation for the regulation of the Shenzhen property market. Next, Shenzhen will be part of the region, part of the property and residential property speculation introduced more targeted control measures, and continue to plug policy loopholes.
Therefore, Shenzhen wants to completely put an end to the “clinging group price increases”, but also a certain amount of time.
It’s only when the bubble bursts that prices will return to rational.
Musk is desperately trying to build a rocket to send humans into space, China’s “Silicon Valley” citizens do not even have time to look up to the starry sky, desperately bowing to speculation in housing prices.
What a black humor ……
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