The original price of 26,000 yuan per square meter of housing, now at a price of about 16,000 yuan per square meter of sales, what is going on?
Near the end of the year, many Fuzhou citizens found that their WeChat circle of friends, agents, property consultants released some of the project’s “work against housing” information, so many people thumped. So, these seemingly preferential “work against housing” can really be purchased?
Recently, a large number of “work credit houses” have emerged
”The second ring river view house, 73 square meters, the total price of 1.97 million yuan, the same type of original price of 2.9 million yuan.” “The total price is reduced by 920,000 yuan, the original price of 26,000 yuan per square meter, now only 16,000 yuan.”
On the 10th, Mr. Chen, a citizen, showed the reporter his WeChat circle of friends. Among them, many agents as well as property consultants sent out news of listings that were significantly lower than the market price.
Is such a listing reliable?
On the 10th, the reporter as a home buyer before put to the above property to understand, found that there is indeed such a listing.
”This house, the previous price of 23,500 yuan per square meter. But now there are indeed some listings for sale at a price between 18,000 yuan and 19,000 yuan per square meter.” In a branded property in the north of Fuzhou city, the sales staff of the sales department confirmed the authenticity of the listings when they took the reporters to see the houses, “These are ‘work against the house’, near the end of the year the developers have limited funds and need to return funds to pay the construction team for the project.”
The sales staff of the sales department said “work against the house”, is the project mortgage house. Generally speaking, this is the developer to the construction unit to pay for the construction of the house payable. Usually, the builder will entrust the developer to sell these houses at a very low price in order to pay back quickly.
”Work against the house” is not new, but, as at present, the property market in a large number of a variety of “work against the house”, is a new thing.
Industry insiders said that in the past, a property “work against the house” generally a few sets or a dozen sets, and is quietly through private relations, rarely like now, to almost “advertising” way to focus on sales. In their opinion, many of these properties are actually not “work offset houses”, but developers in order to focus on the return of money, in the name of this disguised price reduction to appease the pre-buyers.
Buy “work against housing” to be careful
Whether it is really “work offset house”, or developers disguised price reduction, “can these houses buy” is the biggest concern of home buyers.
On the 10th, the person in charge of many real estate marketing agencies in Fuzhou told reporters that the situation can be analyzed.
If it is a real “work against the house”, its license and purchase process is through the developer for the “name change” way or direct purchase way to deal. As long as it is through the developer for online registration and other procedures, there is not much risk.
In the purchase of this “work against the house”, buyers must pay attention to three points: first, the purchase contract must be signed with the developer: second, the purchase money must be paid directly to the developer; third, all the money transactions must have an invoice. In other words, if the buyer wants to buy a “work credit house”, he must confirm whether he can sign a commercial property sales contract with the developer, and if he only signs a property transfer agreement with the creditor, it is invalid.
If the developer is only disguising the price reduction under the banner of “work credit housing”, the home buyer can be relatively more at ease. However, if the price drops too much and the number of properties is very large, buyers should pay attention to understand the reputation and capital chain of the developer to prevent the developer from “dumping” the goods because of the capital chain problem, which may have certain risks.
In addition, home buyers should pay attention to the traps behind the “work against housing”. For example, the recent emergence of a large number of “work against housing” does not exclude the fact that some developers are packaging properties in the name of “work against housing” in order to promote sales, although the advertised price is extremely low, but in fact, only to trick home buyers to go to the site to see the house. In addition, we should also beware of some agents who falsely call the problem properties as “work credit houses” to earn the difference.
(Original title: “The property market has a large number of “work against the house”, professionals: to get the benefit also to prevent scams”)
Related reading.
Shenzhen house purchase story: after playing the new bank does not approve the loan owners are forced to pay 15.2 million
This “new fever” around the appreciation of wealth lasted but a few days. The spotlight on Runxi has become the “focus” of Shenzhen’s strict investigation into the purchase of houses on behalf of the market, to combat speculation.
On November 28, Xinhua News Agency published a commentary article – “curb the property market “playing new fever”, need “hardcore” initiatives “, adhere to the “housing The “no speculation” phenomenon, the “new fever” phenomenon warned that, in addition to increasing supply and limiting the price of new homes, there are still many things to do to regulate the property market, such as paying more attention to the flow of housing, strengthening the regulation of the holding link, and allowing tax leverage to play a greater role. The establishment of a scientific and reasonable real estate tax system, through market-based means to curb investment and speculation, may be able to collect the effect of the bottom.
Xinhua News Agency published an article on Nov. 28, reiterating that “housing is not speculative” (Photo from Xinhua)
On November 30, Shenzhen Housing and Construction Bureau director and party secretary Zhang Xuefan said in an interview with the media, the government authorities attach great importance to the situation reflected in the media, such as speculation on behalf of housing, is being investigated and handled, once found that there are violations, will be handled seriously according to the law.
The first phase of the listing of China Resources City Runxi, or a citywide sensation “new” profit-seeking capital game. 1171 suites, 15,000 people subscribed, frozen capital 9690 people, the total amount of frozen funds 33.9 billion yuan. 83 people abandoned the election, less than 2 days sold out, the collection of nearly 20 billion. At the end of the first day of house selection, the large 200 square meter house with a minimum total price of 26 million yuan was basically sold out.
Relying on the record price and the surrounding second-hand listing price of up to 40,000-50,000 per square meter of the inverse price difference, only by the lottery, you can increase the value of wealth in millions, so that this property attracted “10,000 people to grab a room”, become “in a lottery burst earn 5 million” of the most popular property in Shenzhen, and there is no one.
A day and a half after the start of the selection of the Runxi sales control table, all large units have been sold out
On November 28, another ten million luxury properties in Shenzhen – Shenzhen Vanke’s Gramercy Hill and Sea Home project and the named China Resources City Runxi I have released the “housing not speculation” initiative, the risk of market changes after the purchase of housing, the risk of banks not approving loan applications, the risk of changes in regulatory policies, the risk of holding the purchase of housing, which “does not exclude the relevant government regulatory departments to introduce relevant policies and initiatives” and the tip that there may be a “personal property tax payment” risk on behalf of the holder, causing widespread concern in the market.
At this point, the new word “holding for home purchase”, which was “on fire” due to the listing of Runxi I, also went from a secret private agreement among the public to a public discussion at the house selection site, and then became the focus of public opinion, and finally became the object of strict investigation by finance and policy in just a few days.
Review this “new feast”, silent just demand is never the main character: ten million luxury properties encounter a blanket “no house” priority control policy can be adjusted; new house price limits lead to inverse prices with the surrounding second-hand houses, resulting in huge What will be the end of the “double regulation arbitrage” space; what will happen to the investors from all over the world who are running into the market to “play new”; what will happen to the secret “holding industry chain” that is hidden among the fresh demand group? “How will it be cracked? How will the relaxation of the silver root, once again flowing to the property market of housing against business loans, and how will end up under strict investigation?
Nandu Weekly reporter through field trips, interviews and unannounced visits, listen to their stories in this purchase, to understand the motivation and mentality of these “new” players, industry chain practitioners.
From thousands of miles, Hangzhou couple came to Shenzhen to “play the new”
On November 26, 11:17, at a coffee shop near the Shenzhen Bay Stadium Badminton Stadium, there were 103 minutes before the last round of house selection for the first phase of China Resources City Runxi Garden began.
Wang Yue, a Hangzhou couple who had shaken the number 1000 out, spread a whole table full of various information such as printed out house plans and sales control sheets.
The couple is busy crossing out the selected listings, circling their preferred orientation and house type in the remaining listings, and then calculating the specific down payment, monthly payment and other specific information for each set, and sorting them accordingly.
It’s already lunchtime, but Wang Yue obviously has no intention of eating, “we have a house ticket, but only from others to pick the rest inside the selection, only last night from Hangzhou, which has time to do homework in advance, only by the noon break time to hurry up are calculated”.
China Resources City Runxi a selection of housing entrance site
Wang Yue’s mouth “a house ticket”, from the supply of corporate headquarters moved to Shenzhen, has paid the full 5 years of social security husband. Although the family does not live in Shenzhen, but to have a “Shenzhen house ticket”, but still gives this Hangzhou family the opportunity to buy a home in Shenzhen.
Delivery of the house is rented. For Mr. and Mrs. Wang Yue, who do not plan to live in Shenzhen, the opportunity to leap in wealth is what they are looking for when they choose Runxi.
On the one hand, it was the huge “double-regulation arbitrage space” formed by the inverse price difference between the average listing price of Runxi and the surrounding secondary market of 40,000-50,000 RMB/m2 under the price limit of new houses in Shenzhen.
On the other hand, it is the amazing appreciation record of the first three phases of China Resources City.
In 2014, the first phase of China Resources City opened, the average price is only 50,000 yuan / square meters, while the current shell to find a house APP, the average price of the first phase of the second-hand houses recently sold together is about 146,100 yuan / square meters, the average listing price reached 182,300 yuan / square meters. In 2015, the second phase came on the market with a price range of 62,000-81,000 yuan/square meter; 5 years later, the recent transaction price on the shell house hunting app reached 142,000 yuan/square meter, and the listing price was not short of more than 170,000 yuan/square meter, or even higher. In June September 2018, Phase III opened with an average price of 85,000 yuan/square meter; just two years later, on the Centaline house-hunting app, the latest transaction unit price of Phase III reached about 176,400 yuan/square meter, with an average listing price of about 180,000 yuan/square meter.
Prices have doubled, or even skyrocketed more than three times, and the first three phases of CR City have all achieved price jumps in the past six years. The same property market hotspot city, compared to Shenzhen, which has set a threshold for social security payment years, the winning rate of the Netflix property in Hangzhou, where Wang Yue lives, is even 1% or even lower.
In comparison, Shenzhen’s top Netflix dish, Runxi, also has an amazing price inversion advantage, and the winning rate is only 12%. It’s obviously easier for the Wang Yue family to come to Shenzhen to “play the new”.
The hand of 10 million, redefine “Shenzhen just need”
On November 16, “China Resources City Runxi a garden (residential) sales program” was announced. The program will be divided into two categories of home buyers, in addition to holding a “house ticket”, to meet the conditions of no housing in Shenzhen in the name of home buyers, is listed as a class of customers, priority for registration of good faith.
This is not the first Shenzhen “no house” priority property sales program. Shenzhen is not the only city that has set up “no house” priority. On July 15, Shenzhen’s “715” property market regulation and control policy proposed to give priority to meet the housing needs of families without housing residents, followed by Hangzhou, Chengdu and other property market hotspots through the regulation and control policy to open the “priority” of the green door to families without housing.
As a native of Shenzhen, Ye Peng does not have a “house ticket” of worry. He has never bought a house in Shenzhen, although he is not worried about “no place to live”, but also really in line with the policy priority “no house”. On the other hand, the family is well-off Ye Peng, a long time to hold enough to “play new” two million mansions at the same time the funds. “We are 24K pure need, do not intend to sell”, after a pause, Ye Peng said “but at least to have the reason for appreciation”.
With this in mind, Ye Peng from the beginning of buying a house, the goal is very clear, “do not small house, the total price of ten million out, the location must be good, the degree can not be too bad”.
After seeing the high taxes on second-hand houses, Runxi became the couple’s first choice. The original, subscribed to the Runxi shake number 1600 up and down the Ye Peng, basically gave up the “new”, but in hearing that someone holding more than a dozen subscribed to the number, all sorts of tossing and turning to buy a place to participate in the shake number, Ye Peng and his girlfriend angry, “This is to disrupt our normal home market! “
The more difficult for them to understand is that some inquires, found that the number of people in front of the shake, most of the people with their own strength can not afford to pay for such a million luxury homes Runxi. In contrast, Ye Peng, the down payment can “fight dad”, the monthly payment of 4.8-5.5 million yuan is not too much pressure for him to work in a large technology factory. “Some people freeze capital is simply borrowed usury, freeze capital before a few hours are still around to raise money, these lending institutions are very angry”, said Ye Peng girlfriend.
China Resources City Runxi Phase I house selection site
In Ye Peng’s opinion, the reason why there are so many “proxy” investors can enter the field to play the new Runxi, the fundamental reason is that the threshold of good faith registration is too low. “The first thing you should do is to check the income certificate, sieve the flow of water, and then talk about whether or not you have proof of social security and whether or not you meet the qualifications to buy a house.
Nandu Weekly reporter in the “China Resources City Runxi a garden (residential) sales program” to see, to participate in the sincere registration of the property, only need to submit proof of identity and relationship, property search results, proof of social security and other three types of information, did not require any content related to income, proof of assets.
The chaotic situation, the new luxury property “on behalf of the purchase of housing” or more than 80%
At the end of the first day of selection, the 200 square meter large house with a minimum total price of 26 million yuan was basically sold out.
Last week’s China Resources City Runxi Phase I, or a city “crazy” “playing new” profit-seeking capital game. Relying on the record price and the surrounding second-hand listing price of up to 40,000-50,000 per square meter of the inverse price difference, only by the lottery, you can increase the value of wealth in millions, so that this property attracted “10,000 people to grab a room”, become “a lottery burst to earn 5 million” of Shenzhen Netflix The property has become a net-celebrity in Shenzhen, and the city is in an uproar.
It is not only Runxi, but also the new game that real estate investors in the city are scrambling to get into.
Wang Yue family’s priority to purchase a home from the husband in Shenzhen without a house to pay 5 years of social security, “deep second generation” Ye Peng is no “house ticket” of the trouble. For more home buyers who also want to embark on this class of “arbitrage wealth train”, to be able to escalate in the property market regulation today, still have a or even a few to enjoy the priority treatment of “housing tickets”, “held on behalf of “The answer has almost become the first choice.
If your son has a “house ticket”, you can buy it with your son’s quota; if your employee can take out a “house ticket”, your boss can take out a house payment; if your relative meets the qualification requirements for purchasing a house, but you don’t need to purchase a house for the time being, you can find a relative to borrow it; even a stranger’s qualification for purchasing a house can be turned into a bargaining chip for your own participation in the new house lottery through the “holding agreement” and lawyer’s witness.
As early as before the house selection of Runxi, there were already media reports that many home buyers went around acquiring home purchase quotas with the amount of 300,000, and paid as soon as the quotas were shaken.
The reporter obtained the template of the holding agreement
The rights and obligations of the actual owner and the real estate agent are clearly defined in black and white: Party A is the actual owner of the real estate and Party B is the agent of the real estate. Party B has not paid any money or fees and has no right to possess, gain, use and dispose of the property. The key points that are likely to cause disputes during the period of escrow, such as ownership during lease and transfer, compensation in case of debt disputes, property transfer and profit sharing, are all agreed in more detail.
In the internet, it is not difficult to find that there are also real estate V to run a “holding training course”, the system “teach” holding risk prevention and control “opportunity”, lawyer witness, notary, have become many people’s eyes to control the “holding” risk “safety rope”.
The real estate holding industry chain has quietly completed “evolution” in the private sector.
The day of the house selection, all the original online, anonymous rumors have surfaced. Inside, home buyers holding ID cards and other selection information hesitated over the sales control table, and were the first to tell the other end of the phone about the news in the field. Outside the field, anxious investors kept urging on the other end of the phone to give instructions for house selection.
Such scenes are common at the house selection site of Runxi: on the one hand, investors of great value, and on the other hand, “house tickets” with no housing and no loans for Shenzhen households, behind which the two are in agreement is a hidden “holding industry chain”. A senior industry insiders told Nandu Weekly reporter, only a city in Shenzhen, the current 10 million level of new discs, the proportion of holding more than 80%.
Down payment is not enough, private lending institutions “help”
People who can’t afford to pay for the building do not hesitate to borrow money to “play new”, no ticket for investors to “hold” to enter, even if it is a luxury property like Runxi to start at 10 million, there are no worries about buyers. This “new” feast, where does the money come from? The scope of business covers the “housing loan” the whole process of private lending institutions “credit”.
In Shenzhen, another ten million mansions – Vanke Gramercy Hill sea of a home purchase group, loan agent Xiao Li’s speech is quite seductive “just transfer property preferential do a single, disguised down payment of 30% (especially suitable for mortgage records and two sets of home buyers) can be approved first.”
In short, want to be a customer of Xiao Li, loans out of the “new”, first of all, you need a suite – it does not matter if you have not paid off the loan, as long as the property has increased in value after the purchase. The first thing you need to do is to buy a new home. After the foreclosure, the property can be re-mortgaged at the increased value.
The poster of mortgage loan issued by Xiao Li’s company
According to Li, this operation can also “bring down the interest rate by the way, as long as there is a real operating company under the name, the interest rate can be reduced to 3% to 3%2 per month.”
The company’s main goal is to provide a solution to the problem. He introduced the property has been mortgaged for only six months, you can still cross the line to do mortgage again, the house price appreciation mortgage out, the interest rate can be done 3.3 percent per month.
The former is called a remortgage, and the latter is called an additional mortgage or second mortgage, both of which can be raised without the need to sell the house. A real estate vlogger on Weibo simply summed up this approach as: “Both retain the house, but also find ways to do fission, 1 set into 2 sets, 2 sets into 3 sets.
In addition to the small cost, after the operation of Xiaoli, mortgage loans into mortgage loans, interest is also very attractive. According to the maximum monthly interest rate given by Xiao Li – 3.3% to calculate the annual interest rate of 3.96%, while the average interest rate of the first mortgage in Shenzhen in October is 4.98%.
Xiao Li’s circle of friends released the news of the second mortgage of the property
The company’s main business is to provide a wide range of products and services to its customers. The company’s main business is to provide a wide range of services to its customers. “The “financial advisor” can also be found everywhere.
Even, some “new” customers are simply engaged in private lending services. One side of a constant flow of funds to the property market, the other side also simply physically, participate in “playing new”, in the “property market double regulation arbitrage space” to earn a lot of money.
Seeing that the property market “hit the new” hot, shaking the number to choose a house has become mainstream, a variety of financial products also came into being. According to Li Yujia, the chief researcher of Guangdong Housing Policy Research Center, some financial institutions have launched “lottery loans” to provide funds for people who do not have enough money to subscribe to the fund, with a daily interest rate of 0.08%.
As early as the day after the release of the Runxi sales program, Xiao Li released such a message in his circle of friends: China Resources 4 hit the new, 3.5 million deposit, ready to give you out, the company lends money quickly, with the bank information to make up the money.
In Shenzhen property market, a senior industry insiders, all of the above stemmed from had been in April this year by the regulatory authorities in many places strict investigation of the illegal entry into the real estate market of the house against the operating loan funds are active again, “mainly bridge loans, the end of September, early October when they began to relax.”
The price is inverted, “on behalf of the” “playing new” core motivation
The relaxation of the silver root, for the property market “playing new” to provide financial security; “no house” priority control policy, boosted the “holding industry chain” iterative upgrade; near the end of the year, intensive new market and for the “property market double regulation arbitrage” of the new rules of the game, provides an ample stage.
The above conditions together contributed to the winter of 2020, this “just hit the new 10 million luxury homes” in Shenzhen, the annual drama. The core driving force is the long-established price inversion between new and used houses in the Shenzhen real estate market under the new house price limit. The average price of a new house is about 131,000/m2, which is about 45,000 yuan/m2 lower than the price of the surrounding three second-hand houses, compared to the listing price of 180,000 yuan/m2 at every turn, the difference is more than 50,000 yuan per square meter. If calculated on the basis of 100 square meters of housing, “playing a new” set of Runxi, means a profit of 5 million yuan.
The first phase of China Resources City Runxi house selection site, just after the selection of home buyers, holding ID cards and purchase information, talking all the way.
Not only is Runxi, Shenzhen’s recent ten-million-dollar Netflix dish, the reason most sought-after cannot escape the price inversion. The price range is 92,000-134,000 yuan per square meter. According to the Shell Finder APP data, the property next to the Leizhen Banyan Bay, the latest set of transactions at a unit price of 128,000 yuan / square meter, near the Nordic Holiday Garden last month, the latest transaction unit price even reached 141,600 yuan / square meter or so.
People “hit the new list” on the Nanshan Anto Hill area of Hyde Park, although not yet on the market, but the community “blowing price” has reached 128,000 yuan / square meters. The Vanke Gramercy is a nearby property that has reached a unit price of 166,600 yuan per square meter in the last month’s latest transaction on the Centaline house hunting app.
The “new wave” brought about by the price inversion is more intuitive in the data. According to statistics, in November, Shenzhen pre-sold 8,663 sets of new homes, the record transaction 6,296 sets of new homes, not only a monthly high since 2020, but also a new record in the past seven years.
The twist: official intervention, home buyers loans encounter strict investigation
The new home buyers who failed to get a new home in Runxi were in a hurry to find their next target, but the year-end “new home fever” was quickly reversed.
On November 28, two days after the sale of Runxi, Xinhua News Agency published a commentary article – “Curbing the property market’s “hitting the new fever” requires “hardcore” initiatives”, saying The phenomenon of “new fever” warns that there is still a lot to be done to increase the supply and limit the price of new homes, in addition to the regulation of the property market. For example, outside the new housing price limit, the property market regulation should pay more attention to the flow of housing, strengthen the control of the holding link, so that the tax leverage to play a greater role; the establishment of a scientific and reasonable real estate tax system, through market-based means to curb investment and speculation, may be able to collect the effect of the bottom of the barrel.
The article quickly spread in Shenzhen many new group, followed by the screen from Vanke Gramercy Shanhai, China Resources City Runxi a “housing and housing not speculation” initiative. The risk of market changes after the purchase of a house, the risk of banks not approving loan applications, the risk of changes in regulatory policies, the risk of holding the purchase of a house, etc., which “does not exclude the relevant government regulatory departments to introduce relevant policy initiatives” and the possibility of the holder of the proxy “resulting in the payment of personal property taxes The hint of “the risk of the government’s related policies” and the possible existence of “the payment of personal property tax” by the nominee has aroused wide concern in the market.
Vanke Gramercy Mountain Sea, China Resources City Runxi Phase I of the “housing and housing not speculation” initiative
On November 30, Shenzhen Housing and Construction Bureau Director Zhang Xuefan said in an interview with the media, the competent government departments attach great importance to the media reflected in the case of speculation on behalf of housing, is investigating and processing, once found that there are violations, will be handled seriously in accordance with the law. At the same time, in response to the current price inversion of first and second-hand houses and the media reflecting the situation of speculation on behalf of housing, government departments are studying comprehensive regulation and control policies to resolutely combat market speculation.
More and more news is starting to point out that “holding for the new” has been highly regarded by the government authorities, the policy loopholes are being closely regulated. Once the “lucky” number of Zhang also had to “hit the new” successful Runxi after the fourth day began to think about whether to withdraw.
On Dec. 1, Zhang, who had been running for several days for the mortgage, had to ask other Runxi prospective owners for help. “The bank did not give me a loan, saying that the down payment of 3.5 million yuan in a sum of money from other people transfer”, the number of fruitless arguments Zhang is very angry, “this is not a presumption of guilt? You buy a house to find someone to borrow money, or someone else owes you to pay, this is normal, right?”
The “new” successful Runxi prospective owners for mortgage obstruction, private lending institutions to “advance the full amount of money to buy a house”.
The same “new” successful Runxi prospective owners Chen Hua to be able to apply for a mortgage has sought the Agricultural Bank, Everbright, China Merchants, Shanghai four banks, are stuck in the income certificate and the source of funds for the down payment. He chose a 120 square foot house type, finally had to shell out 15.2 million in one breath, full payment to buy, “now is to proof of the source of the down payment, has been approved by the commitment letter if the guarantor is not immediate family members, but also to recover” said Chen Hua.
The original used to discuss where to play the new home purchase group, all of a sudden turned into a “how to do mortgage” experience exchange group. Some home buyers are quick to say “this is not forcing people to buy in full?” The new money channel “lending institutions are asking door-to-door, to give advances to buy in full”.
For Vanke Gramercy home buyers, more concerned about this has been successfully frozen funds of the property, when in the end can be announced shortlisted, the number of houses selected.
The first thing you need to do is to get the money you need to pay for the house, and now you’re worried about “not being a borrower, I’m just a poor need to improve the housing conditions. Some people also began to calculate the next to go to the new property is which, “Shamrock Yi House, Qianhai Tianjing Garden, Hyde Park …… have to play the new group to pull.”
This freak property market under the speculative game has not yet fallen, everyone is waiting for the answer.
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