“For example, if the landlord of a second-hand house offers 100,000 yuan per square meter, but the Housing Bureau’s reference price is 80,000 yuan per square meter, there will be a difference of 20,000 yuan per square meter, which can only be included in the buyer’s down payment, and the bank cannot lend,” a real estate agent in Shenzhen explained to International Finance News. “Very powerful.”Xie Linfeng, general manager of Haibei Real Estate, believes that if commercial banks go according to the appraised price, then the loan percentage will be less. Shenzhen Bay area of the guide price is almost half or even one-third of the transaction price, then it will increase the down payment in a guise, “basically to go to 70 or 80 percent, the second-hand housing transaction will fall to the freezing point.”
Subsequently, on the evening of February 20, Shenzhen Everbright Bank took the lead in stating that, according to the notice and regulatory requirements, the transaction price of second-hand housing released by the Shenzhen Housing and Construction Bureau will be the reference basis for the bank’s mortgage loans. February 23, Shenzhen Construction Bank revealed that the bank according to the “notice” issued by the second-hand housing transaction reference price as the bank’s mortgage loan reference basis, since February 23 began to execute.
On the same day, the Agricultural Bank of Shenzhen also revealed that the secondhand housing loans before the Circular were implemented in accordance with the original system. After the Circular was issued, the Bank used the guiding price issued by the Shenzhen Municipal Bureau of Housing and Construction as an important reference for loan issuance, and the detailed rules are being studied and formulated. “If the banks fully follow up, Shenzhen property market in the past ‘high leverage’ speculation will be changed.”Wang Feng, director of the Shenzhen Real Estate and Urban Construction Development Research Center, said banks would use the official reference price as a key reference for loans and could fluctuate from that level, but if they go too far, they could trigger an interview and take responsibility.
First of all, from the price point of view, Shenzhen property market hot “outrageous”.According to the latest 70-city second-hand home price index released by the National Bureau of Statistics on February 23, Shenzhen saw the biggest increase in second-hand home prices compared with the previous month. “The policy will take the guidance price as the target, as the yardstick for banks to evaluate housing prices and issue loans, whether it is mortgage loans or mortgages, and the leverage ratio will be significantly controlled, which is of great significance to controlling housing prices and stabilizing expectations,” he said. Guangdong Province housing policy research center chief researcher Li Yujia told the International Finance News reporter.
Policy out, to the secondary housing market in Shenzhen takes a baton. Statistics from the real estate information platform of Shenzhen Housing and Construction Bureau show that the impact of the New Deal has begun to show, the number of second-hand housing online contracts began to decline rapidly. The latest data released by the association of deep housing shows that on February 15 solstice February 21, Shenzhen’s secondhand housing net signed 362 (including self-service net signed), down 78.3%. From the trend, the impact of the New Deal on the market “immediately”, but because including the Spring Festival holiday, will still be affected by a certain extent of the “holiday effect”, so the final market reaction to the New Deal remains to be observed Spark Global Limited.
article links：Shenzhen part of the bank has been secondary housing
Reprint indicated source：Spark Global Limited information