Recently there has been news of price cuts in the property market around Beijing, with the average price of a property in Xianghe falling from 25,000 yuan (RMB, same below) per square meter to 8,000 yuan per square meter, and some properties can be bought for 7,300 yuan per square meter if you pay full price. Some salespeople said that selling the house so cheaply is to recoup the capital.
The Daily Economic News reported on April 10 that the discounted property is located in a large community in northern Xianghe County, once sold for 25,000 yuan / square meter, a salesperson said: “Qingming Festival period to promote, directly down to 8,500 yuan / square meter, or the existing house, buy and live.” And “we will also send a parking space, but not the title parking space.”
This is not the only property in Xianghe County that is on sale at a discount, as sales staff at the Grand Canal Peacock City to the north of the project introduced that the property currently for sale is a phase house to be delivered at the end of 2022 at a price of 10,200 yuan per square meter. “But if you can pay in full in one go, we still have a special offer of 7,500 yuan/square meter.” “In fact, it is most advantageous to pay the full amount at one time, we have calculated a 100 square meters of housing, if you pay the full amount, we then make a discount, almost the average price can be reduced to 7,300 yuan / square meters, and mortgage repayment compared to almost less than half.”
In the face of the decreasing number of customers to buy a house, Xianghe County developers have also begun to warm up the group. The sales staff said: “Because the people who buy houses are really too few, just these two days also a little more, almost nothing before and after the New Year 2020, so we Xianghe several developers to join forces, your sources to push me, I also push to you, try to stay in Xianghe, once the customer transaction, then we are able to commission. “
The reason why developers are now heavily discounted promotions, the sales staff said, “We are so cheap to sell existing homes, mainly also for the rapid return of money.”
As for why the Xianghe property market fell, the report said, a message may be able to explain: “the northern new city has been developed for 10 years, now built neighborhoods close to a hundred, hundreds of thousands of people living in the population, 90% of the owners work in Beijing, public transport development is seriously lagging behind, there are only 810 fast bus to and from Beijing, only 3 classes every morning and evening, 3 classes of bus passenger capacity of only At present, only 810 express buses travel to and from Beijing, with only 3 classes in the morning and evening every day, and the number of passengers carried in 3 classes is only about 200, which is completely unable to meet the travel of the owners of Northern New Town.
Netizen “Full” said, “Not opening new bus lines and the number of shuttles is suppressing this sector.”
The new city of Xianghe was once a popular area of the Beijing property market, like Yanjiao and Dazhuang, especially in the northern part of Xianghe County, which has become the layout of major real estate companies.
Before 2017, Xianghe house prices were almost straight up. According to the house price statistics chart of Anjuke, the house price of Xianghe in 2013 rose slightly from 5,500 yuan/square meter at the beginning of the year all the way to 6,000 yuan/square meter at the end of the year.
In January 2016, house prices were at 7,023 yuan/square meter, then soared all the way up to 16,680/square meter in December of that year, more than twice as much as at the beginning of the year.
In 2017, according to statistics, the price of Xianghe reached a peak of 19,385 yuan/sqm in April. However, on June 2, 2017, the dust of Langfang’s long-rumored purchase restriction policy was settled. Once this policy came out, Xianghe house prices fell in response and now almost remain at a level of around 10,000 yuan per unit.
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