Shenzhen property market survey: what has changed the reference price of second-hand housing
2022-08-09
The new housing market in Shenzhen has begun to "rebound", or it is expected to drive the prices of new and second-hand houses to rise. At this time, if the reference price policy of second-hand houses is relaxed, it is likely to drive a new round of house price rise. Recently, the reference price of second-hand houses has again become a hot topic in the market, and many cities have adjusted the reference price of second-hand houses, including cancellation or optimization. Shenzhen can be said to be one of the few cities in China that still strictly implement the reference price policy for second-hand housing. On February 8, 2021, Shenzhen took the lead in establishing a reference price release mechanism for second-hand housing in China, and released the guide prices for 3595 residential districts in the city. In a twinkling of an eye, a year and a half passed. During this period, the real estate market in Shenzhen has experienced too much: the volume and price of second-hand houses have fallen, the myth of housing in the school district is no longer, the life of real estate agents is hard, the buyers are from robbing houses to not buying, the sellers are from optimism to wavering, and the investors have also quietly left... More importantly, the expectation of "only rising but not falling" in the hearts of many home buyers and investors is no longer. The buyer must ask: "my house has been on the market for nearly three months, but I didn't want to reduce the price. But because my family was in urgent need of money, I had no choice but to adjust the price to the beginning of 4, and finally sold the house." In Chiwei, Futian, a reporter from the securities times met a Mr. Chen who had just sold his house. He said that the price of his 63 square meter apartment of the same type reached 6 million yuan at the peak of last year. Now the price of the "four character" has really dropped a lot. "As for the reference price, I didn't think about it at first, but later I found it necessary. I also realized that the house price would not only rise but also fall." During the investigation in Bagualing, Nanshan Nantou and Luohu Caiwuwei in Futian, the reporter found that more and more second-hand house owners sell their houses at a price close to the reference price. A number of real estate agency managers also said: "now most buyers come to consult, and the first thing they ask is how much higher the owner's quotation is from the reference price. For most of the newly needed residential buildings, even the net red market in the net red area, 10% to 15% higher than the reference price is the limit that buyers can generally accept." These are the real impact of the second-hand housing transaction reference price on all parties in the market. How powerful is the second-hand house transaction reference price? In February 2021, after Shenzhen introduced the reference price of second-hand houses, the transaction volume of second-hand houses in Shenzhen dropped significantly to 4166 sets in that month, down 40% month on month compared with 7008 sets in the previous month. In March 2021, this figure rebounded to 6789 units, but it became the "last glory" -- since then, the second-hand residential buildings have continuously declined, and the subsequent transaction volume has occasionally rebounded. However, in the first half of this year, the monthly transaction volume of second-hand residential buildings in Shenzhen was mostly between 1200 and 2300 units. In the whole first half of this year, the transaction volume of second-hand residential buildings in Shenzhen was less than 10000 units, a year-on-year drop of 65%, 52% less than that in the first half of 2008, the cold winter of the historical property market. In July of this year, the number of second-hand residential transfer in Shenzhen was 2039, down 9% month on month, and fell again after the decline in June. According to the data released by leyoujia Research Center, in the first half of 2022, nearly half of the second-hand houses sold in the Shenzhen market were "sold at the reference price", which has become the current
Edit：Wei Li Bin Responsible editor：Yin Bing
Source：Securities Times
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