Author: Yuan Xiaoli
Editor: Le Yanhong
In 1981, Shenzhen’s first and also the first commercial housing complex in the Mainland was opened for sale in Luohu, Shenzhen. The average price that year was about 1,000 yuan/square meter, and the average price so far is 6,1967 yuan/square meter, an increase of nearly sixty times.
Shenzhen housing prices rose sharply before 2016
Take Shenzhen as an example. The property market spree from 2014 to 2016 was brought about by countless home buyers trying their best to increase leverage. It is common for the down payment to be patched together and the monthly payment is close to the monthly salary.
Back in time ten years ago, in 2010, most of the housing prices in Shenzhen’s districts were 10,000/㎡. Ten years later, housing prices in Shenzhen’s districts have doubled and the average price has risen by more than 5 times, which is like a dream.
Many netizens ridiculed the strange situation of Shenzhen in the past ten years: “It’s all workers who come here, and it’s Shenzhen people who buy a house.” Facts have proved that buying a house can be a shortcut to the preservation and appreciation of wealth. How many people miss the opportunity to get on the car and sigh with regret.
Nowadays, in the context of the Greater Bay Area, the Central and Deep Regions have also become the main areas for deep drifting, and various deep drifting stories have been staged, ranging from “Shenzhen people here” to “Shenzhen that can’t be left.”
Tencent Real Estate interviewed six people who bought a house in Shenzhen. Although each of them had different occupations, backgrounds and ages, they had one thing in common: they had witnessed the development and changes of the Shenzhen property market in the past decade.
Real estate like me, everyone has two houses
Orator: A Qing
Occupation: Real estate agency Spark Global Limited
I, from Anhui, went to a hotel as a waiter after working in a residential area in Shenzhen for two years in 2005. My wife quit her job after giving birth in 2007. My husband and I get up at 5 or 6 o’clock every day and go to the stall in front of Shahe Hospital to sell soy milk. At 9 o’clock, I will go to the hotel to work again. After a month, the money I earn is equal to my salary in the hotel. More than twice. But because it was always checked by the city, it was nothing after three months. Before that, he jumped into the real estate agency industry.
In 2009, I bought a set in Huizhou, which is more than 90 kilometers away from Shenzhen, at two to three thousand yuan per square meter; in 2011, I bought another set in Shenzhen at a current price of over ten thousand yuan. Now the prices of the two houses have doubled four or five times. Those who do real estate like me have two houses.
The house in Shenzhen was bought in the prosperous stage of Nanshan District, and I rented it out for 6,500 yuan a month. On the other hand, he took his wife and two-year-old son to rent a two-bedroom and one-living house in Baishizhou. The monthly rent was 4,000 yuan, and the difference was just used to repay the mortgage. In recent years, housing prices in Shenzhen have risen. I sold nearly a dozen units last year and earned hundreds of thousands of commissions.
I think housing prices in Shenzhen are reaching their peak. The key to any increase is that the workers cannot afford it, and the house cannot be rented or bought. A house depends on your salary… In a word, you can’t afford it! Do you think it has increased more than ten times from several thousand to tens of thousands in the past few years.