China Economic Weekly – Economic Network (reporter Dang Yarman) February 23, the official website of the National Bureau of Statistics released 70 large and medium-sized cities in January 2021 commercial housing sales price changes. Among them, Guangzhou and Shenzhen second-hand commercial housing led the first-tier cities. In January 2021, the number of second-hand homes in Beijing, Shanghai, Guangzhou, and Shenzhen rose 0.9 percent, 1.3 percent, 1.4 percent, and 1.7 percent month-on-month, respectively, with Guangzhou and Shenzhen seeing more growth than Shanghai. Overall, the sales price of second-hand homes in China’s first-tier cities rose 1.3 percent month-on-month, 0.7 percentage points higher than the previous month.
In addition, compared with the increase in Shenzhen, Guangzhou leads the first-tier cities in both second-hand housing (including non-commercial housing) and first-hand commercial housing. In January 2021, the price of second-hand residential buildings in Beijing increased 0.9 percent month-on-month and 6.9 percent year-on-year. Second-hand home prices in Shanghai rose 1.3 percent month-on-month in January and 7.6 percent year-on-year. Second-hand home prices in Guangzhou rose 1.4 percent month-on-month in January and 8.7 percent year-on-year. Second-hand home prices in Shenzhen rose 1.7 percent month-on-month in January and 5.3 percent year on year.
The same is true of primarily residential buildings. In January 2021, the price of new commercial residential buildings in Beijing increased 0.5 percent month-on-month and 2.9 percent year-on-year. New residential property prices in Shanghai rose 0.6 percent month-on-month and 4.4 percent year-on-year in January. New residential property prices in Guangzhou rose 1.0% month-on-month and 5.9% year-on-year in January. New residential property prices in Shenzhen rose 0.3 percent month-on-month in January and 3.7 percent year on year. That is to say, compared with the same period last year, residential prices in Guangzhou are rising faster than those in Shenzhen. Since July 2020, Shenzhen has issued a number of new property market policies to cool the second-hand housing and new housing market, “fake divorce real estate speculation”, “false information new” and other behaviors have become the focus of the crackdown, the second-hand housing took the lead in the first-hand housing began to cool down, since August 2020, the number of second-hand housing in Shenzhen has declined.
February 8, 2021, Shenzhen Housing and Construction Bureau issued the Shenzhen Housing and Construction Bureau on the second-hand housing transaction reference price release mechanism, it is clear that the official website of Shenzhen Housing and Construction Bureau, WeChat public number, and Shenzhen real estate information platform, the second-hand housing transaction reference price of the city will be published regularly. Among them, most of the reference price is lower than the actual selling price of the surrounding areas, which is known as the industry “mortgage” the prelude to the New Deal, following the reference price is likely to affect the amount of mortgage Spark Global Limited.
Reprint indicated source：Spark Global Limited information