Dandong, a small border town in Northeast China, has been soaring in housing prices. Why do local people sell so little?

category:Global
 Dandong, a small border town in Northeast China, has been soaring in housing prices. Why do local people sell so little?


Developers did not expect to go too fast. A month ago, if you asked the impression of Dandong local people on the new Dandong new area, the key words in the first few places must be the city government, the second middle of Dandong empty streets, no one lives a tall building. Recently, the border city, the fourth largest city in Sinuiji, carrying the main share of China and the DPRKs trade, became the focus of attention overnight. To buy a house in Dandong has become the first disinvestment bonus that investors think of. In fact, the Dandong new district was initially established to promote trade between China and DPRK. The new the Yalu River bridge, which has not yet opened to traffic, is proved. However, due to various reasons, the new the Yalu River bridge has not been opened to traffic as scheduled, and trade between China and DPRK has also entered a trough. The property market in the new urban area of Dandong is another barometer. Before 2014, the house prices in the new area were still growing in stability, and in recent years have been hovering in the low valley. The local people want to buy, have already bought, not live also basically set, the outsider in addition to the new graduation in Dandong, other people will not pay attention to this. A local developer in Dandong said. The recent news of the Korean Peninsula has had an impact on the property market in Dandong, so that developers in the New District of Dandong have not yet anticipated the development of the new territories. Dandong new area near the second middle of Dandong building, the new development of six houses in the beginning of this year, the end of April took out three sales, more than 100 sets of housing, 8000 yuan / square meters of prices, two days of sale. Sales speed and price to developers feel very sorry, there are still more than 100 people in the number, but developers have temporarily closed. When asked about the cause of the seal, the project staff revealed that the developer was scared to, do not know whether their prices are low, blindly then the rest of the three together, afraid of selling losses. Another insider, familiar with the local real estate market, told the Guangxia era that although the Dandong property market has some brand developers, but the whole is still in a relatively backward stage, many developers do not have any marketing means. This boom is also the catch the duck on the shelf, many media reports, many other days. Price increases, restrictions on purchase number and so on are also unprofessional developers. Because of the wide variety of cases and media coverage, the market is more unstable. The locals have been hurt by the new area too deeply, and they have been collecting for four years. The above mentioned residential real estate, more than 100 suites source of the main buyers are from the field. Many foreign customers did not arrive at the scene, directly entrusted to the local intermediary to decide the house. When asked to come to Dandong to buy a house mainly from where, the staff revealed that the home buyers of the project mainly come from Beijing and some cities in the south, and the house buyers in the three provinces of the Northeast are very few. A lot of people in the province have been concerned about the new city of Dandong before, knowing how the price is going on, in addition to the Dandong house in the province, and more resources to buy, and most of the hot spring projects in Dandong are bought by other cities in the province. In addition, there are some Koreans who buy it. There are a lot of Koreans living and working in Dandong. There is a famous large volume building in Dandong city called Korea National City. For Korea to abandon nuclear, the Koreans living in Dandong are far more concerned about the local people in Dandong than in Dandong. They also constitute one of the main forces of the recent rush to buy the Dandong housing. Dandong residents in the new town of Dandong have been paying close attention to the rumors that the housing prices are skyrocketing. A local resident in Dandong said that many locals in Dandong were hurt by the new district house. He revealed that in 2011, he set a set of houses in the new area with an internal employee price of about 3000 yuan / square meters in the new area. In 2012, the full payment was made, and the property was delivered by the end of 2013. So far, there is still no real estate certificate. After several years of delivery, although the existing housing status, but the original price can not sell. At the beginning of the house, the city government and the school have moved to the past, it should develop very quickly, but five years later, in addition to more buildings, basically no change, it is impossible to move in the past. In the New District, only when there are large events, do you have a look at the past. There are many similar experiences of the residents. Guangxia era has learned that many real estate projects in Dandong New District have not been processed for real estate registration certificates. In addition, the Dandong new area still exists a large number of top debt housing, due to the overall downturn and recession in the past few years, developers can not be paid as scheduled, in the form of a house to the contractor. A lot of contractors have to sell them for less than 3000 yuan, and even a large portion of the price is not sold. Dandong local residents, but more concerned about the influx of outsiders will not affect the price of the old urban housing in Dandong, the income level of Dandong residents, the old urban housing prices are not low. After all, the old town is the main place for local residents to live, work and live. Market standards need to be improved The investment in the Dandong room needs to be counted Although the development of Dandong new urban area is huge, the development of its property market is still lagging behind. In the report of the major data research institutions, Dandong is rarely seen, but the 70 large and medium city commodity housing sales price changes published monthly by the National Bureau of statistics can see one or two of the development trend of the property market in recent years in Dandong. According to the data of the National Bureau of statistics, since 2017, the price of newly built residential houses in Dandong is stable, and the monthly change is more than 1%. In the past, when the national property market rose, Dandong was often a few of the few. The rise of this round is indeed a phenomenon that has never been seen before. The above industry said that the previous media reported that the Dandong new urban housing prices rose 57%, first does not say is not a case, which is related to the small base of Dandong house prices. The house that fell to 3000 yuan per square meter, up to 4500 yuan / sq m, was already up 50%, and the price of 4500 yuan / sq m may not have been high. Because of low unit price, the investment threshold of Dandong room is much lower than that of other cities in China, plus no limit, some investors will naturally focus on Dandong. Its basically a one-time purchase. The risk becomes bigger behind the one-time payment. As mentioned earlier, many houses in Dandongs new urban district have not been able to handle property permits for many years. The two transaction can only be changed by means of contracts, such as names. On the one hand, it is related to the limited reception capacity of the government. On the other hand, it is due to the irregular formalities of the real estate development and management. The situation of incomplete sales of five cards has occurred frequently in Dandong. Many developers in Dandong are optimistic about whether they are worried that the property market will overheat in recent years. One developer said that the main reason is that the stock of the new area is too large. Although it is relatively hot in the near future, it is mainly focused on the individual phenomena of several buildings. The target of leaving stock is still far too far. Many developers have not begun to push the market. Developers have been depressed for a long time. In fact, they are more concerned about whether the situation on the Korean Peninsula can be really stable. He said that if the new housing market overheated has aroused the attention of the government, it can be standardized as soon as possible, and it is a good thing for some developers and investors to do things. Source: Beiqing Net - Beijing Youth Daily editor: Xu Meng _NN7485