Under the increasingly strict control of the real estate market, the turnover of the second-hand housing market in Shenzhen has been greatly reduced, and even the once hot new housing market has been “cold”.
New house on sale
In 2020, under the background of epidemic situation, Shenzhen’s real estate market is still going up against the trend of the market, of which the “new fever” has contributed a lot. The arbitrage space formed by the upside down of primary and secondary housing prices once made the new housing market in Shenzhen hot for a while. However, in response to the chaos in the market, the regulatory authorities have taken actions, including strictly examining and cracking down on new information, strictly plugging various policy loopholes, and cracking down on proxy holding
The so-called daily CD-ROM refers to the situation that the new house is sold out on the opening day. Statistics from market organizations show that there were nearly 36 “daily CDs” in Shenzhen last year. However, in recent months, under the superimposed effect of regulatory policies, although there are still “Japanese CDs” in Shenzhen’s new houses, the number of participants in the “new development” of many properties has been greatly reduced.
In March of this year, a new site in Nigang District of Luohu launched 407 sets, with 548 customers, which sold out on the same day. Recently, the project launched 404 new houses in the second phase, and only 490 buyers registered for the shortlist, with a shortlist ratio of 1:1.2 and a winning rate of 82%. At the end of May this year, there were a number of new projects registered in good faith, and the final shortlisted proportion of customers was less than the predetermined shortlisted proportion, that is, the number of marketable houses whose shortlisted number was less than three times, including the new houses located in Longhua, a hot purchase area in recent years. At the beginning of June, a total of 1103 groups of customers selected 586 apartments in Nanshan new estate. Regardless of the points, the shortlist ratio was 1:1.9, and the winning rate was about 53%. In addition, the new market in Bao’an District has not sold out.
In the Buji area, a new offer directly introduces the way of opening discount. According to the discount instructions, if 30% of the down payment customers sign the contract on time, they can save 315000 to 450000 yuan after the total contract price is discounted, which is equivalent to a discount of about 9.13%.
Miss Chen, who has just bought a new house in Longhua District as a “second suite”, told reporters, “I’m also surprised. It’s impossible to put it last year.” “Due to the tightening of financial supervision, some of my friends who are planning to invest in real estate dare not rush to do so,” she said
Li Yujia, chief researcher of Guangdong provincial housing policy research center, believes that Shenzhen’s second-hand housing market has obviously recovered, and the market expectation has obviously accelerated to decline. If the price of second-hand housing continues to decline, then the price inversion of new and second-hand housing will accelerate to slow down or even be flat, which will also have an impact on the enthusiasm of fighting new. A large part of the people who used to fight new are investors.
No second hand housing loan suspension in Shenzhen
According to the data of Shenzhen Zhongyuan Research Center, as of June 27, 2601 first-hand houses and 2213 second-hand houses were sold in Shenzhen. Compared with the first-hand housing, the cooling of the second-hand housing market is more obvious. Some senior real estate agency managers believe that although the qualification examination is becoming stricter, the banks still treat loans for new houses and second-hand houses differently. Now the reference price of second-hand houses directly affects the purchase cost of buyers, and the interest rate is also rising. If according to the current trend, the liquidity of second-hand housing will be greatly locked, and the new housing is relatively easy to obtain “leverage”, and the demand for house purchase may gradually turn to the new housing market.
According to the mainstream housing loan interest rate data of key cities recently released by Shell Research Institute, the first set of mainstream housing loan interest rate of 72 cities monitored in June was 5.52%, and the second set of mainstream housing loan interest rate was 5.77%. Since the second quarter, mortgage interest rates in most cities have continued to rise. In addition, banks have been queuing up for second-hand housing loan business and extending lending cycle, especially in Hefei, Nanjing and other cities where some banks stopped handling second-hand housing mortgage loan business due to limited loan amount in May. In addition, more than 60% of the 72 key cities have extended the lending cycle, of which Guangzhou has extended the lending cycle by 14 to 98 days compared with last month. At present, the lending cycle of Foshan, Dongguan, Zhongshan, Huizhou and other cities in Guangdong, Hong Kong, Macao and Dawan districts is more than 100 days, and the second-hand housing transaction cycle is longer.