Xinhua News Agency Talks about the 2018 Real Estate Market: Continuous Regulation and Control and Resolutely Curb the Rise of House Prices

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 Xinhua News Agency Talks about the 2018 Real Estate Market: Continuous Regulation and Control and Resolutely Curb the Rise of House Prices


Housing prices: first-tier cities continue to stabilize, second-tier and third-tier cities return to rationality

Data from the National Bureau of Statistics show that in November, the cumulative average growth rate of new house prices in the first, second and third-tier cities was lower than that in the same period last year, and the growth rate of house prices in the second and third-tier cities, which did not decrease in the previous period, also tended to be stable. New house prices in Shenzhen and Xiamen are lower than that in the same period last year, and the trend of excessive rising house prices is basically curbed by the end of 2018.

Reporters recently found in a number of surveys, many housing enterprises are sprint performance and financing costs pressure, are gradually applying for pre-sale permits, a large number of new shares concentrated in the market, the price is basically 20% lower than the planned price at the beginning of the year. The bargaining space of multi-site second-hand housing is also increasing gradually, but the real buyers are less, and the turnover is declining.

According to the data of the National Bureau of Statistics, from January to November, the average sales price of newly-built commercial housing in first-tier cities increased by 0.3% year-on-year, which was 10.6 percentage points lower than the same period last year. In November, the second-hand housing in the fourth city of Guangzhou and Shenzhen in the North fell for two consecutive months, and the price decline continued to expand.

Data from the National Bureau of Statistics show that in July, housing prices in 70 large and medium-sized cities rose to 65 cities, up nearly 50% from 44 cities in February. New Deal for Talents lowers the threshold of purchase restriction, makes the supply of real estate market in some cities more tense, and brings expectations of rising house prices. Zhang Dawei, chief analyst of Zhongyuan Real Estate, believes that.

The warming of the real estate market makes the real estate regulation policies of various places continue to increase. On July 31, the meeting of the Political Bureau of the Central Committee pointed out that it was determined to solve the problems of the real estate market, adhere to the policy of city-by-city, promote the balance of supply and demand, reasonably guide expectations, rectify market order and resolutely curb the rise of house prices. We will accelerate the establishment of a long-term mechanism to promote the steady and healthy development of the real estate market.

Ding Zuyu, CEO of Yiju Enterprise Group, believes that the regulation and control of real estate market continues to increase. Cities with excessive housing price rise have almost introduced measures to curb speculative demand. The rising trend of housing prices has been curbed, and housing price expectations have begun to reverse. In the future, the national real estate market will generally maintain stable operation.

Leasing: Long-term apartments encounter growing pains when renting and purchasing go hand in hand.

As an important way to solve the problem of living with housing, the housing rental market will achieve an important breakthrough in 2018, and the simultaneous rent-purchase pattern will be accelerated.

Relevant officials of the Ministry of Housing and Construction said that in 2018, China will accelerate the cultivation and standardization of the housing rental market, carry out housing rental pilot projects in 12 large and medium-sized cities, and carry out housing rental pilot projects using collective construction land in 13 cities. The central government has accelerated the study and formulation of regulations on Housing leasing and housing sales management, standardized Housing leasing and sales behavior, and safeguarded the legitimate rights and interests of the parties concerned.

Since Shanghai first introduced pure leased land last year, this year Guangzhou, Shenzhen, Hangzhou, Zhengzhou and other places have launched rent only, not sell plots. Beijing plans to provide about 1300 hectares of leased land and a total of 500,000 rental housing units in the next five years.

Participants in the housing rental market are more diverse. Developers, professional rental operators, intermediaries, hotel groups and other enterprises have rushed to build their own rental apartment brand.

The service platform of housing rental transaction built by many governments has been put into use. Up to now, more than 10 cities in China have built official platforms.

However, behind the large influx of social capital into the long-Rent apartment sector, due to the lack of access threshold, standards and regulations, the problem of uneven market development has become increasingly prominent. For example, some small-scale enterprises cooperate with microfinance companies such as P2P, and excessive use of leverage increases the risk of housing rental enterprises and tenants.

In addition, long-Rent apartments are also seen as an important factor in boosting rents. Yan Yuejin, director of research at Yiju think tank, said that in order to expand the scale of some long-Rent apartment operators, in order to compete viciously for housing resources with 20% to 40% higher than the normal market price, they artificially raised the price of housing, so that the rent of long-Rent apartments also showed a high-end trend.

In response to the chaos in the rental market, many regulatory authorities have taken action. Since July, more than 20 cities, such as Beijing, Shanghai, Shenzhen, Nanjing and Xian, have introduced new housing leasing policies to promote the healthy development of the housing leasing market through measures such as land security, increasing investment in housing resources, standardizing rent loan and other housing leasing transaction services.

Gu Yunchang, chairman of the National Association of Real Estate Chambers of Commerce, believes that Chinas housing rental market is not mature enough. The government should start with system construction, financial support, service security and other aspects to realize the two legs of rental and sales.

Land price: Premium rate continues to decline, land market cooling

The strict regulation effect of the real estate market has been transmitted to the land market. When the housing sales market is cold, the developers who hold the land at high prices lock up, the housing enterprises become cautious and rational in taking the land, and the hotness of the local pat market also recedes.

At the beginning of last year, with a total price of 5.09 billion yuan and a premium rate of more than 71%, Chinas real estate acquired three houses in Songjiang, a suburban area in Shanghai, with a floor price of 30,000 yuan per square meter. Recently, more than 500 apartments have been launched by the project Zhonghai Jiuzhaoli in this area, but almost nobody has paid attention to them. Only more than ten apartments have been sold at the opening of the building. In Nanjing, Suzhou and Zhenjiang, many high-priced plots are also under control, and sales pressures can not enter the market.

A senior executive of a real estate company said that under the situation of constant pressure of the regulation and control of the real estate market, the sales price of commercial housing can not reproduce the rapid growth or even lower, and the profit margin of the real estate enterprise is difficult to grasp. Therefore, many housing enterprises try not to get high-priced land through bidding and hanging.

Statistics from China Index Research Institute show that since the second half of the year, with the increase of land supply, low premium and even bottom price transactions have become normal gradually, and the number of land circulation has increased significantly. In November 2018, the average premium rate of residential land in 300 cities in China was 7%, down 15 percentage points from the same period last year. Among them, the average premium rate of land transaction in Shanghai, Ningbo, Tianjin, Chengdu and Nanjing declined by more than 70% year on year. According to statistics, most of the plots traded in Shanghai this year are traded at the base price. In addition to the decline in premium rates, land prices in hot cities such as Shanghai, Beijing, Chongqing, Suzhou and Shenzhen also declined compared with the same period last year. Ouyang Jie, senior vice president of Xincheng Holdings, said that the increase in the number of paddles is a sign that the land market returns to rationality. Over the past 20 years, the rising land prices have been transmitted to the new housing prices, which in turn affect the surrounding second-hand housing prices, constituting a logical chain of rising housing prices. Continuous decline in land prices will guide consumersexpectations and promote further rationalization of housing prices. Source: Author of Xinhua: Zheng Juntian, Dong Jianguo, and responsible editor of Wang Youling: Ji Xueying_NN6784

Statistics from China Index Research Institute show that since the second half of the year, with the increase of land supply, low premium and even bottom price transactions have become normal gradually, and the number of land circulation has increased significantly. In November 2018, the average premium rate of residential land in 300 cities in China was 7%, down 15 percentage points from the same period last year. Among them, the average premium rate of land transaction in Shanghai, Ningbo, Tianjin, Chengdu and Nanjing declined by more than 70% year on year. According to statistics, most of the plots traded in Shanghai this year are traded at the base price. In addition to the decline in premium rates, land prices in hot cities such as Shanghai, Beijing, Chongqing, Suzhou and Shenzhen also declined compared with the same period last year.

Ouyang Jie, senior vice president of Xincheng Holdings, said that the increase in the number of paddles is a sign that the land market returns to rationality. Over the past 20 years, the rising land prices have been transmitted to the new housing prices, which in turn affect the surrounding second-hand housing prices, constituting a logical chain of rising housing prices. Continuous decline in land prices will guide consumersexpectations and promote further rationalization of housing prices.