Since late January this year, the pace of regulation and control of the Beijing property market has accelerated, and the regulation and control drum has been rushing and powerful. On January 25, Wang Fei, party secretary and director of the Beijing Municipal Commission of Housing and Urban-Rural Development, stated that the Beijing Municipal Commission of Housing and Urban-Rural Development will strengthen strict supervision of long-term rental companies and prohibit companies from forming capital pools and rent loans. Strictly investigate the illegal entry of funds into the real estate market, intermediary real estate speculation, and speculation. On January 30, the Beijing Banking and Insurance Regulatory Bureau strictly investigated the illegal flow of personal credit funds into the real estate market.
During the same period, the urban housing and construction department has repeatedly interviewed and continuously inspected real estate agencies. Some major intermediaries have recently signed a letter of commitment to reduce the frequency of house visits in hotspots and not to participate in any illegal financial activities such as “business loans”, “down payment loans” and “consumer loans”. On February 2, multiple departments in Beijing issued a document to regulate the behavior of leasing companies. Different from the previous package of regulation and control policies, this round of regulation has clear directions, meticulous terms, and strong operability. From the content point of view, leasing and second-hand housing have become the focus of regulation. If the regulation of the rental market is a policy fix, the regulation of the second-hand housing market focuses on the current market hot spots. Since January, second-hand housing transactions in Beijing have continued to maintain a high level, and housing transactions in some hot school districts have increased irrationally, which once triggered panic in market sentiment. A senior practitioner in the industry told the 21st Century Business Herald that the “hot spots” mentioned in the letter of undertaking by intermediaries refer to some school district buildings in Haidian District. In previous interviews with brokerage companies by regulators, the school district housing was also a focus Spark Global Limited.
Some analysts pointed out that behind Beijing’s “sniper” school district housing is the undercurrent of the market’s warming up after years of bottoming. Against the background of the overall heating up of the first-line property market, some demand is just about to move. The school district room is “horrified” again Xicheng and Haidian Districts are recognized as Beijing’s educational “highlands”. In May 2020, Xicheng District announced the implementation of multi-school zoning from July 31 of that year, which also triggered a boom in school district housing transactions in Xicheng District. Since then, the school district in Xicheng District has cooled down, and many parents have “fought” to Haidian, where there are more degrees. In the Hummingbird Home Community in Haidian District, a real estate agent told the 21st Century Business Herald that due to the “first-class and first-class” Zhongguancun No. 3 Primary Schools, the units are small and the total price is relatively low. Housing prices experienced two jumps.
Reprint indicated source：Spark Global Limited information