Stopping the decline and stabilizing
In the last week, the Shenzhen property market has been booming by four.
This has undoubtedly injected a dose of strength into Shenzhen's home buyers.
Winter torches
The first trigger was the birth of a “solar plate” in the suburbs of Shenzhen.
The Fortune City Dehongyuan Project, located in the center of Pingshan District, has 163 residential units, with an average registered price of about 0.0404 million/square meter. It quickly opened on November 29.
As the fifth Nikko property in the Shenzhen New Housing Market this year, it seems to be different from the previous four Nikko sessions.
The first four solar panels in Shenzhen are Haide Park Area A in the Antuo Mountain section of Futian, Shenye Shangcheng University in Longhua Meilingguan, the famous residence of Zhongjian Guanyue in Guangming and Phoenix, and Shenzhen Railway Reading Yunjing of the Longgang Universiade.
These four Nikko projects are located in key sectors or locations in each region.
Although Fortune City Phase II is located in the center of Pingshan, Nikko is full of blind spots this time.
First, the project only used “opening instructions” and did not follow the sales steps of the previous opening of new homes in Shenzhen.
In the past, the opening process of a new home in Shenzhen generally followed a public sales plan — online registration of intent — online data review and revision stage — publication of intention registration and notarization — public inspection of housing selection — official house selection.
Basically, every step gives buyers plenty of time to prepare.
However, Fortune City Dehongyuan only publicized the opening instructions, and the batch announcement and opening house selection time for registered customers were also concentrated on the same day (November 29).
Second, the pre-sale of the project was approved for 613 residential units, but in reality, 163 residences were actually sold.
Third, in the project announcement, 319 groups of customers registered their intentions, but the details of the registration list of intentions were not announced, and more than 800 people participated in the house selection at the project announcement site.
Fourth, the pre-Nikko project offered an unprecedented opening discount. The registered price was about 8.67 million off, the average price after the discount was about 0.035 million/square, the unit price range was about 0.03 million-0.0429 million/square, and the total price range was about 2.27 million-5.93 million/set.
The second trigger was that the Shenzhen property market stabilized in November, and overall turnover reached a record high.
According to data from the Shenzhen Real Estate Information Platform, in November, 8076 new housing units were sold and 7125 second-hand housing units were sold in Shenzhen, setting a record for sales volume in the past 49 months, once again stabilizing the booming line in the number of second-hand housing units sold, and once again, the volume of new housing transactions was higher than that of second-hand housing.
As can be seen, under the influence of strong incentives, whether year-on-year or month-on-month, the Shenzhen property market data for November has stabilized.
Strong policies continue to work. This is a huge confidence encouragement for the market. It also shows that satisfactory answers were given in November, which is critical, and that future policy expectations can be relaxed.
If the volume continues to be high in December, the continuation of stopping the decline and stabilizing can be determined.
However, under the impressive volume of transactions, it is important to pay attention to the details behind it.
Most obviously, the volume of new housing sales exceeds that of second-hand housing, and the most fundamental reason is the sale of new housing.
For example, the property market Nikko Pan Shenye Shangcheng University, which was born after the “9.29 New Deal,” offered a 93% discount. For example, the Heima Zhongjian Guanyue Mansion in the Guangming Property Market opened about 89% off. For example, the famous merchant house in Shekou was removed about 97%, and the opening was 93% off. For example, Fortune City in the Pingshan Property Market opened about 86 percent off.
Behind the beautiful elimination results are layered discounts.
The sales volume of the Shenzhen property market has increased by two, and the new weather vane has also added two bursts of fuel.
The third major issue in the Shenzhen property market was the sale of the first batch of shared property rights in Shenzhen.
Jiayu Fashion Garden (shared property housing), located in the Shajing area of Bao'an District, announced the sale. The average price of 1,729 housing units sold was 23,740 yuan/square meter. It is the first shared property housing project in Shenzhen.
According to the “Administrative Measures on Communal Property Housing in Shenzhen”, those who have reached the age of 18, have not owned a home in Shenzhen, have not transferred or divorced their home within 5 years can apply if they have paid Shenzhen Social Security for 5 years (or 3 years of social security for imported talents).
However, according to relevant regulations, communal property housing is subject to a closed circulation system. Purchased communal property housing cannot be transferred after 5 years of purchase. If an application for acquisition is required, the purchase price is determined according to the purchase price.
If five years have passed and the purchased shared property housing is transferred, the closed transfer price shall be determined by negotiation between the buyer and seller, but if the acquisition is applied for, the purchase price = purchase price × (1+ the benchmark interest rate for a three-year term deposit of the People's Bank of China).
Also, it is worth noting that according to the requirements of the administrative regulations, applications for shared property housing must not be exchanged, loaned, leased, transferred, mortgaged, used for commercial use, changed the usage function of shared property housing, or unauthorized remodeling or expansion.
However, with a volume of close to 2,000 units entering the market, Hongrongyuan Jiayufu and Jiayu Jixi, as well as the entire ordinary commercial housing complex in Shajing, is facing tremendous pressure to degenerate.
On the one hand, the Jiayufu residential area contains 6 plots of land, 3 of which cover guaranteed housing, with a total number of about 4,058 units, while the number of commercial housing units is 7,337.
As of December 2, Jiayufu Jiuxi (buildings 8, 9) had a total of 485 off-plan properties for sale, while Hongrongyuan Jiayufu (buildings 1-6) had a total of 876 off-plan properties for sale.
In addition to this, two projects, Jiayu Future Garden and Yuezhang Fenghuangli, will also be supplied as shared property housing. In total, the 3 communal property housing projects will have 4,726 shared property units.
On the other hand, although shared property houses are closed for circulation, after five years, buyers have pricing rights for subsequent transfers.
This provides a certain amount of space for the removal of shared property housing.
In addition to the new weather vane of shared property housing, the Shenzhen property market has also welcomed the most expensive land in history.
Therefore, the fourth spark in the Shenzhen property market was the birth of Xindi Wang.
China Resources and CNOOC jointly won the T107-0107 parcel in Shenzhen Bay, with a transaction price of 18.512 billion yuan, which refreshed the history of Diwang in Shenzhen, equivalent to a floor price of about 0.0704 million/square meter.
This is the ninth ten-billion parcel in Shenzhen's history. It is 5.98 billion yuan more expensive than the 12.532 billion in Shenzhen Bay's Ninth Order of Shenzhen Bay.
According to the cost pricing rules, future pricing needs to be 0.1 million+ per square meter, and under the requirements of residential construction, the construction height limit is 200-250 meters, and the required construction area for new construction is 263,000 square meters, of which the residential area only accounts for 176,900 square meters. Compared with the residential area construction at the beginning of the Jiuxu land acquisition in Shenzhen Bay, it is still 16,590 square meters less.
Because at the beginning of the land acquisition in Shenzhen Bay in the ninth sequence (T207-0060 parcel), the main point of construction was the construction area of 207,660 square meters, of which the residential area was 193,490 square meters, the transaction floor price was 0.0603 million/square, and the average price of the restricted rough was 0.1333 million/square meter.
Today, Xindi Wang's floor price is still about 0.0101 million/square meter more expensive than Zhonghai's Shenzhen Bay Jiuxu, and there are no sales restrictions. New homes in Shenzhen have also liberalized the guide price for new homes.
This means that there is a high probability that it will surpass the sales price in the ninth sequence of Shenzhen Bay and become a new price ceiling for new homes in Shenzhen.
Therefore, if Lou Wang of the Shenzhen property market actually enters the market in the future, I believe it will add another spark to the market and become a new weather vane leading the Shenzhen property market.
At the same time, it is expected that the threshold for opening up the new Shenzhen Bay sector next year will become extremely high.
Author | The Powerpuff Girls