“Now there are fewer second-hand houses around here, and many people turn to new houses.” Recently, a real estate agent in the Financial City section of Chengdu’s high-tech zone told a reporter from China Business News that after the release of the reference price of second-hand houses, this section The market for second-hand housing has changed significantly.
On May 28th, Chengdu released the reference price of second-hand housing, with the highest price of 39,300 yuan per square meter. After that, the transaction price of second-hand housing transactions in Chengdu was directly affected. According to Zhuge’s housing search data, the average transaction price of second-hand housing in Chengdu has fallen for 4 consecutive weeks since the week when the reference price of second-hand housing was released, with a decline of 2% so far.
On the other hand, Chengdu is very strict in monitoring the implementation of the reference price. Some second-hand housing intermediaries sold houses at a significantly higher price than the reference price and were quickly punished. Under high pressure, it is hard to see high-priced second-hand housing on the real estate agency platform.
Second-hand house price killer
On May 28, Chengdu released the reference prices of second-hand houses in 201 communities, including 28 in High-tech Zone, 8 in Tianfu New District, 22 in Jinjiang District, 22 in Qingyang District, 36 in Jinniu District, and 34 in Wuhou District. 51 in Chenghua District.
On Shell.com, you can see that there are more than 17,000 second-hand housing communities listed in Chengdu. Although the number of communities released this time only accounts for a small part of them, the currently released communities have basically covered the “5+2” core urban area. Hot spots, such as the Financial City section of the High-tech Zone, the Pancheng Steel Plate of Jinjiang District, the Inner Jinsha Plate of Qingyang District, the State Guest Plate of Jinniu District, the Waishuangnan Plate of Wuhou District, the Jianshe Road Plate of Chenghua District, Tianfu New District Luhu and Xinglong Lake plates.
However, Chengdu’s control of second-hand housing prices has not just started. As early as March 22 this year, Chengdu proposed to establish a reference price mechanism for second-hand housing transactions. On May 14, Chengdu Real Estate Economic Association issued a notice to further regulate the release of listed prices of second-hand housing. The notice was clear that listings with inflated prices were removed from the shelves. All real estate brokerage agencies and real estate sales service personnel are not allowed to accept and publish through online and offline channels a listing price that is significantly higher than the highest reference price of second-hand housing in Chengdu. Immediately, the average price of all the communities on Shell.com disappeared overnight. After it went online again, it was no longer possible to see second-hand houses with a unit price of more than 39,300 yuan per square meter.
According to Zhuge’s housing search data, the average transaction price of second-hand housing in Chengdu has continued to fall since the week when the reference price of second-hand housing was released. From 16,979 yuan/square meter in the 20th week to 16,632 yuan/square meter in the 24th week, a drop of 2%. On May 14th, there were 125090 second-hand houses listed on Shell.com in Chengdu, but as of June 15th, there were only 121,541 units left, which was a decrease of more than 3,500 units in a month.
The reporter recently visited a number of real estate agency stores in the High-tech Zone, Wuhou District, and Qingyang District and found that, unlike the busyness in the past, the intermediary stores are now mostly deserted and quiet, and some stores are even open and unattended. A real estate agent told reporters that the number of second-hand housing transactions here has dropped a lot recently, and many people have turned to new houses. If you look at second-hand housing, the other party said that you can register for housing needs and wait for suitable housing to appear before contacting.
Previously, the Chengdu Municipal Bureau of Housing and Urban-Rural Development stated that the city’s second-hand housing purchase and sale contracted prices, appraised prices, and the listing prices of new houses around the houses were comprehensively analyzed. The first batch of reference prices for some of the real estates with high transaction activity was formed. The subsequent changes will be based on the real estate market The situation shall be adjusted and increased in due course, and the reference price shall be released in time. In principle, it shall be updated every six months. The second-hand housing reference prices of other real estates will also be released in time in the future.
Regarding the market feedback after the release of the reference price of second-hand housing, the Chengdu Municipal Housing and Urban-rural Development Bureau told reporters that the second-hand housing mechanism has not been released for a long time and is still paying attention to the market situation.
Nightmare of high-priced housing
After the release of the reference price of second-hand housing, Chengdu has also implemented this policy quite strictly. On June 7, the Park Urban Construction Bureau of Chengdu High-tech Zone issued an announcement stating that when Guangzhou Ningjun Property Management Co., Ltd. Chengdu Branch sold second-hand houses in the Yufeng project, the listed price exceeded the reference of 37,546 yuan/sqm of second-hand houses in the project. The price violates the central, provincial, and municipal real estate regulatory spirit of “no real estate speculation”. After research, it was decided to circulate and criticize Guangzhou Ningjun Property Management Co., Ltd. Chengdu Branch and cancel the online contract qualification; suspend the company Qualifications of Tang XX, a real estate sales service staff in Chengdu.
In fact, the second-hand housing reference price policy directly hit the high-priced second-hand housing in Chengdu. The Yufeng community involved in the above punishment is in the Financial City section of Chengdu where high-priced housing is concentrated. Previously, the average price of second-hand houses in multiple communities in this area exceeded 40,000 yuan/square meter, and even reached 50,000 yuan/square meter, while the current limit for the area’s residential area is up to 39,300 yuan/square meter. As such, the listed prices of several typical real estates such as the former Zhonghai No. 9 Mansion and Chengnan No. 1 are above 50,000 yuan per square meter. The reference price this time is around 38,000 yuan per square meter, which is basically a “30% discount”.
Dai Lei (a pseudonym), a real estate agent in the Financial City sector, told reporters that high-priced houses are no longer visible on the sales system. Buyers who want to buy those houses can only negotiate privately with the owners. The actual selling price often exceeds the reference price and does not Small owners will require direct payment of the full amount or a down payment of 70%. “The location, transportation, and school districts of the nearby houses are relatively good, and the owners are generally more upset.” Unlike other areas, the owners of second-hand houses may be anxious to sell their houses and replace them with higher-quality houses. The houses here Already very high-quality, the owner is not in a hurry to replace it.
Reprint indicated source：Spark Global Limited information