Since this year, Shenzhen, Ningbo, Chengdu, Xi’an, Shanghai and other places have successively implemented the second-hand housing reference price system. Industry insiders generally believe that this move to strengthen the supervision of second-hand housing market prices aims to curb the rapid rise of house prices and crack down on the falsely high prices and speculation of second-hand housing prices, which is conducive to cooling the second-hand housing market. It is expected that the second-hand housing guidance price system will be implemented in more cities, especially those cities with more early house price increases and high heat of the second-hand housing market.
It is understood that with the promotion of the second-hand house price verification system, more than 10000 second-hand houses have been removed from the shelves of major intermediaries in Shanghai. The reporter of Huaxia times searched for some real estate names, “0 houses” can be found everywhere.
Shanghai 10000 houses off the shelf
On July 26, Wuxi housing and Urban Rural Development Bureau of Jiangsu Province issued the notice on establishing the release mechanism of transaction reference price of second-hand housing. The notice points out that Wuxi will form the second-hand housing transaction reference prices of some residential areas on the basis of investigation and analysis and the online signature filing prices of second-hand housing, and release the first batch of second-hand housing transaction reference prices of 100 residential areas.
Wuxi is only one of many cities where the regulatory authorities control the price of second-hand houses. As a part of the long-term mechanism of real estate regulation, since Shenzhen took the lead in issuing the notice on establishing a reference price release mechanism for second-hand housing transactions on February 8, 2021, Ningbo, Chengdu, Xi’an, Shaoxing, Shanghai and other cities have followed up and proposed to establish a second-hand housing price information release mechanism.
On July 9, Shanghai Housing Administration Bureau held a meeting to standardize the listing management of second-hand housing, requiring Shanghai to increase the verification of price information on the basis of the listing verification of housing. The transaction management department will verify each set of houses based on the real market price. Houses that fail to pass the price verification shall not be released to the public.
On July 14, Shanghai real estate trading center also issued the supplementary notice on further standardizing the verification and information release of existing houses, which made it clear that the verification of listing price information will be added to the newly applied houses from July 19, 2021. The listed real estate agency shall not release the price information of the real estate without the listing service platform.
With the promotion of the second-hand house price verification system, major intermediaries in Shanghai have successively taken off the shelves of houses that have not passed the price verification. According to media reports, up to now, nearly 20000 houses have been removed from the official website of Shanghai Zhongyuan Real estate, and only 13000 houses are displayed at present.
On the major intermediary platforms, the reporter of Huaxia times searched for some real estate names, and the situation of “0 houses” can be found everywhere, especially in hot areas and all high-priced houses off the shelves. For example, all the houses of the well-known community “Ruihong new town” in Shanghai have been taken off the shelves, and the luxury houses Cuihu Tiandi in the inner ring and Huangpu Bay in the green city, known as “the first luxury house on the Bund of Shanghai”, have also been taken off the shelves, while almost all the houses of “husband’s house” whose price was too high due to the advantages of “school district house” have also been taken off the shelves.
“Shenzhen and other places have successively introduced the second-hand housing reference price mechanism, which mainly has three backgrounds.” Ping An Securities analyst Yang Kan explained that since 2020, second-hand housing prices in Shenzhen, Wuxi and other places have increased significantly, and the increase ranks in the forefront of 70 large and medium-sized cities. At the same time, the traditional regulation of new house price limit has led to “first-hand and second-hand upside down”. At present, hot cities have gradually entered the era of stock housing, and the second-hand housing market is becoming more and more important“ Considering that traditional control means such as new house price limit are difficult to stabilize the heat of the second-hand housing market, the second-hand housing market needs to be standardized. ” Yang Kan said.