Yanjiao residents waiting in line for nucleic acid tests
The change in the settlement policy directly triggered a rise in Yanjiao’s housing prices, but this was just before it was branded as a “house price slump” and a “sleeping city in the suburbs of Beijing“.
Some people questioned that no matter how the settlement policy in Yanjiao changes, it will not change anything for northerners, Yanjiao homeowners, and Parents who want their children to stay in Beijing to study.
First of all, Yanjiao does not have the advantage of high school admissions. Why choose Yanjiao over Tianjin when Tsinghua University’s science admissions score for the 2020 general admissions batch is 687 in Beijing and 704 in both Tianjin and Hebei Province?
Secondly, the distance between Yanjiao and Beijing is farther than we think. The northern drifters enter Beijing from Yanjiao, which is 30 kilometers from China World Trade Center, and up to 60 kilometers from Shijingshan, with a maximum commuting Time of up to 6 hours round trip.
During the Epidemic, Hebei province was always required to queue for 3-4 hours to check the nucleic acid certificate to enter Beijing, which also made many northern drifters who previously bought houses in Yanjiao lose their jobs and lost their confidence in Yanjiao becoming a sub-center of Beijing.
Further, Yanjiao’s intention to open up its household policy also means that the rumor of “buy Yanjiao property and hope to settle in Beijing in the future”, which has been around for more than 20 years, is basically out of the question.
In 2017, Yanjiao’s property prices soared to 35,000 yuan per square meter, but now the average price is only about 15,000 yuan per square meter, basically declining.
This issue of Microscopic Stories tells the story of a group of northerners who purchased Yanjiao properties when prices were high, among them.
Some who purchased their Yanjiao properties 20 years ago at an average price of RMB 2,000 and experienced the crazy years of Yanjiao’s soaring prices and witnessed the depression and desolation of today, but for the owner-occupants, it was all a floating cloud.
Some people bought 3 sets of Yanjiao properties in one go when the prices were soaring, but they couldn’t afford to continue renovating or renting them out, and as a result, their houses were “smashed” in their hands in a rough state.
Others work in Beijing and live in Yanjiao, commuting 6 hours back and forth, and end up having to rent an apartment in Beijing. After the epidemic, Yan suburban drifters had to queue for 4 hours to get their nucleic acid tested in Beijing, making her glad she gave up her Life in Yan suburban.
Our Family bought a house on Yingbin Road in Yan suburb more than 20 years ago, when it was only 2,000 yuan per square meter. When we bought the house, there were all kinds of rumors about the possibility of Yanjiao being incorporated into Beijing, and I just listened to the rumors from junior high school all the way to work. Until now, this rumor has not come true. However, compared to other people who bought properties in Yanjiao, we may be a bit lucky. Even if the rooms in Yan suburbs plummeted in the past year or two, we were still able to make a steady profit without losing money.
Many people say that it is difficult to buy a house in Yan suburbs now, and the 3-year social security in Yan suburbs alone is very restrictive, but it is not that there are no private solutions. I have worked as a real estate agent, and there are still many ways to buy a commercial and residential house in Yanjiao, for example: you can buy a commercial and residential house in Yanjiao without any restrictions; or you can buy a house in full through an agent first, and then help you with the online transfer after five years; you can also get a fake Marriage with someone who has a local Yanjiao residence, and sign a property agreement before purchasing a house, and the whole process can be finished in about five months. As long as you want to buy, there must be a way. In 2016, there were rumors that Yanjiao might become a sub-center of Beijing, which made the price of Yanjiao once exceed 30,000 yuan per square meter. An investor I know moved her account from Heilongjiang to Yanjiao for this reason, and bought a house for a total price of 3.8 million yuan at 35,000 yuan/sqm. Her exact words were, “With Beijing housing prices abounding at 50,000, 60,000, and even 100,000, how could Yanjiao not rise again with the benefits of Beijing-Tianjin-Hebei integration?” So she bought a house in Yanjiao in 2016 for 35,000 yuan/square meter at a total price of 3.8 million yuan, not expecting to see the news of plummeting house prices not long after the online signing. Now, with the further liberalization of Yanjiao’s household registration, the possibility of administratively belonging to Beijing has been reduced again, and the house she bought has never returned to its then high price point. She still has to make monthly payments of nearly 30,000 yuan each month, but the suite is now listed at only 20,000 yuan per square meter and is still priced out of the market.
2016 Yanjiao house price decline news also because Yanjiao real estate business is not so good anymore, and then I resigned to do micro business. In addition, as the density of the mobile population in Beijing increased, “Yanjiao” began to take my breath away, and I longed for a life in another city. But I still think that sooner or later, the price of Yanjiao will go back up. The cost of living in Beijing is getting higher and higher, and even the houses in the northern fifth ring are already selling for 60,000 square meters, so what better option is there for those who want to stay in Beijing than Yanjiao?
In 2017, I bought three apartments in one go in Seoul Sweet City in Yanjiao through a chain agent and a business loan. I am in the real estate business and have seen many properties rise and fall in price, so I purchased these apartments because I was optimistic about the future of Yanjiao. When the agent advertised the property to me, I was most impressed by the fact that it was 800 meters away from the Yanshun Road Station on Subway Line 22 and 900 meters away from the west exit of Yanjiao on the Jingqin Expressway, which is “six minutes away from the Sixth Ring Road”. In addition, since March 2016, Yanjiao began to restrict the purchase of residential properties, so the only option for investment is commercial apartments. The apartment I bought is a two-bedroom loft with three sides, with an entry price of RMB19,500/sqm, and an average of RMB750,000 per suite. The three suites, one of which is fully paid for, and the other two sets each pay 50% of the house and then monthly payments.
2015 Yanjiao speculation hot Seoul Sweet City Apartments is considered one of the hottest properties in Yanjiao area in 2017. Although there have been some minor problems with the closing, such as the floor height not reaching 3.9 meters, but the impact is not significant. I have not renovated these three houses, nor have I thought of renting them out, and they are still embryos. I figured that the rent in Yanjiao was not high, so if I renovated all three sets, I would have to worry about the wear and tear of renting and renovating, so I might as well just put them aside. Because of the epidemic and the five-year social security restriction in Yanjiao, these three houses have been hanging on the agency’s website, but no one asked for them.
Recently, I saw the news that Yan suburban owners were selling their houses for $0 just to pay off their mortgages, but I think that’s just hype. Yanjiao is only one Chaobai River away from the sub-center of the city, and soon the toll station will be moved out and Yanjiao will be on the edge of the sub-center of the city. In particular, the relaxation of settlement policy will surely bring about a feverish housing market. Looking around Beijing, there is still no better choice than Yanjiao. I predict it will only be 2-3 years before it goes up to 40,000, maybe even higher. Now I have to pay back 4,000 RMB per month per loan, 2,400 RMB per year for property and 4,000 RMB per year for heating, but that is some profit lost, and it is only a matter of time before it goes back up again.
The number of people living in Yanjiao is still only increasing Another friend I was mentoring at the time also bought an apartment in Yanjiao for his own use, just one street away from me, and by now he is very much in agreement with me: no matter what, buying a house is better than putting money in the bank and earning almost no interest. After the opening of the settlement policy, the house price in Yanjiao went up a bit more. The average price of a second-hand house in Yanjiao in March was RMB 16660/sqm, up 0.38% from the previous month and 2.77% from the same month last year.
Although I am still temporarily trapped and having a bit of a hard time, I can still wait, the big deal is to leave the property for the two children at Home later. If not, I can simply move to Yanjiao to retire and rent out or sell my house in Beijing, which is no loss at all.
I don’t have a Beijing household registration and I can’t afford to buy a house in Beijing, so Yanjiao is the first choice for most of us northern drifters, after all, it’s only 40 minutes by shuttle bus to China World Trade Center. In our northern drifters’ hearts, Yanjiao is the equivalent of a part of Beijing. There is nothing more affordable than buying a house in Hebei and working in Beijing to make money. I still remember that the two most advertised properties in Yanjiao at that time were Shang Shangcheng and Tianyangcheng, and people were handing out sales advertisements for the properties everywhere on the street, which read: “58,000 down payment, Shang Shangcheng, the ideal city for Beijing living”.
“Tianyang City, the international North American livable city indicators, high standards to create “four seasons Vancouver” as the theme of high-end community” ……2015, followed the agency to investigate a few I bought the 4th phase of Tianyang City at a price of 12,000 yuan/square meter after checking out the environment of several neighborhoods. But to my surprise, I lived in the house for a year after I got married and it was left idle. After living in Yanjiao I realized that it wasn’t as close to Beijing as I thought. I then jumped to a company in Shijingshan, Beijing, which is 60 kilometers away from where I live and an hour and a half away by car. I felt that my daily work was equivalent to a business trip to a foreign country, a round trip, more than 3 hours a day on the road, not counting the time lost in traffic. Later, a relative rented me a house near Shijingshan, and I only went back to Yanjiao once a week or two to live there.
The farthest road is the way home, and the traffic jam in Yanjiao is serious. The person is ready to give away a 40 square meter house due to “insolvency” and the buyer only has to pay the rest of the loan. He was telling the truth, the house rent is more than 1000 yuan a month, but he is still more than 4000 yuan of monthly payments, equivalent to more than 3000 yuan every month, he felt that “continue to repay the loan will continue to lose more than 700,000 yuan into the loan”. After seeing what happened to him, my anxiety about the Yan suburbs house is increasing day by day. Since I started, the price of our house once rose to 40,000 yuan in 2017, but now it has fallen to 18,000 yuan a flat, and I don’t know if it will continue to fall. In addition to the purchase restriction policy, the epidemic has also seriously affected the house prices in Yanjiao, and fewer and fewer people can afford to buy a house. After the outbreak of the epidemic, several real estate agencies in Yanjiao collapsed. People living in Yanjiao became really inconvenient in terms of commuting, and the need for nucleic acid testing to enter Beijing also caused many people to give up renting in Yanjiao.
It takes three or four hours to get to the border, but only one river away. A friend of mine who is a trade show owner once bought a house in Yanjiao, and the epidemic forbade him to gather during the epidemic, resulting in a full year of no income. But all the ways to make money he tried, and finally sold the new car, replaced an old car to pull the drop. Yesterday he weibo and I said, really can not carry, intend to sell the house as living expenses. In recent days, I have also been paying attention to the dividends that the new Yanjiao settlement policy can bring. According to the relevant media, the new Yanjiao settlement policy has improved the cost performance of the Yanjiao property market, and the subsequent market turnover may also increase. At the same time, my circle of friends is now in a state of housing agent frenzy, which makes me seem to see the end of the house price rise again before. Although the Yanjiao settlement has been further liberalized, the property market is still enforcing a relatively strict purchase restriction policy, i.e. non-local households can only buy one residential property, and require three consecutive years of social security or tax certificates. But compared to the previous “plunge”, it is already a good change.
Postscript
Yanjiao town is just a river away from Tongzhou, which means that it is “just a short walk to Beijing” and has gained a reputation as a “sleeping town” for many northerners. From 2015 to 2017, the price of Yanjiao rose from 5,000 yuan per square meter to 35,000 yuan per square meter, and it was looking at breaking 40,000 yuan. As a result, a paper purchase restriction order in 2017 called a halt to the rise in prices. However, the property transaction market in Yanjiao has been in a relatively hot state until the outbreak of the epidemic, when the crowd realized that Hebei and Beijing are still two completely different cities with different functions and degrees of importance. No matter how narrow the Chaobai River is and how slow the flow of the Chaobai River is, there is still a gap that cannot be crossed from Yanjiao to Beijing. The most affected by the several policy changes in Yanjiao are the northern drifters who bought their properties at the highest prices. After half a lifetime of struggle, housing prices have shrunk, the road to work is still far away, and the dawn of life is still more than when you can find yourself in it. The number of young people leaving Beijing is also increasing, and this trend is especially evident among graduates from Tsinghua University and Peking University. 2013, the undergraduate retention rate of Peking University was as high as 71.79%, and fell to 16.07% in 2019; the same applies to Tsinghua, where the retention rate of undergraduates was 30.7% in 2013, and fell to 18.20% in 2019. Under the universal sky, where is the final landing place for young people’s Dreams? But what is certain is that Yanjiao will never be the second choice, if not Beijing.
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