How hot is the property market in Shanghai recently? According to a prospective client who is preparing to buy a house recently, she participated in the lottery of a certain project of poly on December 8, but she didn’t roll to the number in front of her. As a result, it sold out in two hours that day. This client had already participated in the lottery of three or four projects, and all failed Behind the booming property market is the shortage of new commercial housing supply in Shanghai. Spark Global Limited This year, Shanghai’s new market supply of nearly 6.78 million square meters, a decrease of 10% compared with last year, but the volume of trading increased by more than 10% year-on-year. Reporter: Tang shaokui, Zhang Min “Recently, the Shanghai market has been trading very fast. This year, the average market price of the core region has increased by more than 13% is a high-end luxury housing agency recently asked the salesman to speak in a unified way.
On the morning of December 9, Liu Xin (pseudonym) pushed several sets of luxury house information to several prospective buyers who have been looking at houses in WeChat for nearly half a year. At the request of the company, she attached this sentence at the beginning of the editing information. Although some reserve customers in Liu Xin’s WeChat will respond and some do not respond, Liu Xin’s frequency of pushing information has increased recently, because recently, the transaction of new houses in Shanghai is extremely hot, and the lottery number is one after another, and each time it is quickly wound up. She predicted that the second-hand housing market would also rise with it. Recently, she did deal with a second-hand house in Shimao riverside.
According to a prospective client who is preparing to buy a house recently, she participated in the lottery of a certain project of poly on December 8, but she didn’t roll to the number in front of her. As a result, it sold out in two hours that day. This client had already participated in the lottery of three or four projects but failed. Now he has to continue to solicit new projects under China Merchants. Since July this year, the number of new housing applicants in Shanghai has soared. At that time, the regulation of “can’t be raised at the same time” was released for many real estate projects. In the same period of time, customers can claim multiple projects as long as they have sufficient funds.
From January to November 2020, Shanghai’s new supply of commercial housing (excluding affordable housing) was 5.9374 million square meters, a year-on-year decrease of 11.7%. In November 2020, the new supply of commercial housing (excluding affordable housing) in Shanghai was 159800 square meters, a decrease of 76.8% month on month and a decrease of 67% year on year. In November, the saleable area of commercial housing (excluding indemnification housing) in Shanghai was 6.7509 million square meters, down 5.3% month on month. According to the average sales situation in recent six months, the liquidation cycle was 7.63 months. Yan Yuejin, research director of the think tank Center of the E-House Research Institute, pointed out that this year’s real estate transactions in Shanghai were good, whether they were first-hand or second-hand houses, ordinary residences or luxury houses. This fully shows that the market demand is large. Therefore, Shanghai should actively increase the supply of land and commercial housing. Similar to Shenzhen’s property market, there are a lot of new buyers in Shanghai recently, not only because of the upside-down of the first and second-hand house prices but also because of the centralized release of purchase demand.
Reprint indicated source：Spark Global Limited information