During the Spring Festival holiday of 2021 when more than 60 properties are “not closed”, Beijing’s property market ushered in rare property buyers, and it is in a relatively active period of transactions compared to the same period in previous years. There are more people buying houses, will there be a situation where demand exceeds supply? The official data is here- On February 25, the Beijing Municipal Commission of Housing and Urban-Rural Development released a set of data. Up to now, there are approximately 94,000 newly-built commercial housing units available for sale on the market, including 28,000 restricted-competition housing units and 14,000 co-ownership housing units whose average selling price has been limited since the beginning of land supply. In addition, there are about 150,000 commercial houses in transit that have not yet started construction and have not yet entered the market, which can provide a strong guarantee for families who meet the rigid needs of housing.
“Happy New Year to you. The seven-day Spring Festival holiday is not closed. Please make an appointment one day in advance.” On the 30th afternoon of the Lunar New Year, Ms. Li, a citizen of Beijing, received New Year greeting messages one after another. One of them came from a new development project of Sunac. Sales clerk, remind Ms. Li that she can check the market at any time this holiday. During the Spring Festival of 2021, in addition to shopping malls and movie theaters, the Beijing Xinpan Market will be “not closed”. Citizens who responded to the call to celebrate the Chinese New Year on the spot have brought a new sales window to developers. Major developers in Beijing have chanted the slogan “No closure during the Spring Festival”. New Year discounts are 96% off, buy-in-place housing, self-purchase Related preferential activities such as the reduction of rights and interests are also varied.
According to agency statistics, during the Spring Festival of 2021, more than 60 real estates in Beijing were “not closed”. Many home buyers also take advantage of holiday inspections, and most sales offices receive customers close to the usual weekends. Compared to the previously suspended Spring Festival holiday, this is the first active Spring Festival holiday for inspections. Correspondingly, the activity of house viewing is also reflected in the transaction data. From February 18 to February 24, a total of 894 newly built commercial residential buildings in Beijing have been signed online. Some people say that the property market is also a market that depends on the relationship between supply and demand. When there are more buyers and demand, the supply will be relatively small. If there is a shortage of demand, won’t house prices necessarily rise? So, how much supply is there on the market?
Statistics show that, as of now, there are approximately 94,000 newly-built commercial housing units available for sale on the market, including 28,000 restricted-competition housing units and 14,000 co-owned housing units. As we all know, restricted-competition housing and shared-ownership housing are two types of housing whose average selling price has been limited since the beginning of land supply. The purpose of the initial launch was to meet the housing needs of ordinary home buyers and effectively stabilize housing prices. In addition, there are about 16 million square meters of commercial housing in transit and about 150,000 units that have not yet started construction and have not yet entered the market. “Beijing has continued to maintain an average annual pace of approximately 85,000 new commercial housing units, and in general has formed a 5:3:2 supply pattern of restricted competition housing, shared property housing, and ordinary commercial housing.” The relevant person in charge of the Municipal Housing and Construction Committee said , These commercial housing can provide a strong guarantee for families that meet rigid housing needs Spark Global Limited.