Dongguan City: a large number of Shenzhen customers rush into Dongguan

category:Finance
 Dongguan City: a large number of Shenzhen customers rush into Dongguan


After strict restrictions on the supply side in early July, Dongguans property market regulation continued to increase. This time, it aimed at the purchase restriction and sales restriction policy.

On July 25, Dongguan Municipal Bureau of housing and urban rural development, Public Security Bureau, natural resources bureau, real estate registration center and other 12 departments jointly issued the notice on further promoting the stable and healthy development of the citys real estate market (hereinafter referred to as the notice), which included second-hand housing into the scope of purchase restrictions for the first time.

According to the new purchase restriction policy, since July 25, families of non Dongguan registered residents who purchase the first set of commercial housing in Dongguan, including newly-built commercial housing or second-hand commercial housing, shall provide the social insurance certificate of continuous payment for more than one year month within two years before the date of purchase; for the purchase of the second set of commercial housing, it is required to provide two consecutive years of monthly payment in Dongguan City within the first three years from the date of purchase Social insurance certificate.

At the same time, the sales of commercial housing to non Dongguan registered households who own two or more commercial housing units in Dongguan will be suspended. In addition, the individual income tax payment certificate is no longer used as the purchase qualification examination material. However, in order to link up with the original policy, those who have paid individual income tax for one or two years before July 25 can still purchase the first or second set of commercial housing according to the original policy.

Since October 2016, Dongguan began to implement the purchase restriction policy, and until April 2017, the restrictions on the purchase of new commercial housing have been restricted.

It can be seen that compared with most of the cities in the country, the purchase restriction policy of Dongguan is relatively loose.

In contrast, the upgrade of the purchase restriction policy is mainly aimed at non Dongguan household registration households. The scope of purchase restriction extends from new houses to second-hand houses, and the purchase restriction conditions are strictly upgraded to the proof of continuous payment of social insurance. For Dongguan local residents, second-hand housing is still not limited.

Li Yujia, chief researcher of the Guangdong provincial housing policy research center, pointed out that previously, Dongguan had no restrictions on the purchase of second-hand housing, and Shenzhen and other foreign demand flowed into Dongguans main urban area, Songshan Lake and Linshen area. The increase in the purchase limit should cool down the property market. However, since there is still only one years social security requirement, how strict this restriction can be in the operation process is still unknown. The actual effect needs to be observed for some time.

A Dongguan real estate enterprise personage disclosed to the interface news that before 2017, the purchase volume of Shenzhen customers in the main urban area of Dongguan and Linshen area could reach about 50% and 70% of the total transaction volume respectively. Although the transaction volume of new house purchase restriction has come down, there are still 70-80% Shenzhen customers in Linshen area, mainly through the way of paying social security or borrowing quota.

At the same time, Dongguan has also upgraded its sales restriction policy. The original policy issued by Dongguan in April 2017 stipulates that those who purchase new or second-hand houses in Dongguan must obtain the real estate ownership certificate for two years before they can be listed for trading. This new policy raises the sales restriction period from two years to three years.

Li Yujia pointed out that the housing turnover rate is generally high in cities where house prices rise too fast. Therefore, many industry experts believe that the sales restriction policy will exert financial pressure on the speculators, and the longer the time, the greater the pressure, which will greatly reduce the investment speculation in the property market and further stabilize the market expectations.

In the middle of 2017, many real estate markets in Shenzhen have been restricted for two years. New houses are basically forward-looking houses. It usually takes two years to get the property certificate after the transaction is completed. Therefore, it will take at least five years to buy a new house in Dongguan after the sales restriction is upgraded.

The background of the regulation and control upgrade is that since April this year, Dongguans property market has been obviously warming up, and the new and second-hand houses in some central urban areas and hot plates are showing a trend of rising both in volume and price.

According to the data of Hefu Research Institute, in the first half of this year, the transaction amount of new houses in Dongguan reached 55.7 billion yuan, a year-on-year increase of 20.7%, a new high in nearly four years; the average online price of new houses was about 23000 yuan / m2, up 16.6% year-on-year. According to the data of leyoujia, in the first half of this year, the number of second-hand houses transferred in Dongguan was 13177, a year-on-year decrease of 12.5%, and the average transaction price was 19645 yuan / m2, up 21.7% year-on-year.

Dongguan has always been a market dominated by new housing supply. In the first half of this year, due to the shortage of new housing supply, a large number of demand flowed into the second-hand housing market. The prices of second-hand houses in some popular streets and towns such as urban area, Songshan Lake and Linshen district have risen significantly. Many owners have raised the listing price by several hundred thousand or even one million yuan in a short time, and the unit price of some houses listed has exceeded 50000 yuan / m2.

On July 2, the Dongguan government stepped on the first brake, which not only set a red line of 30000 square meters for the volume of commercial housing projects applied for pre-sale, but also tightened the price limit policy for new houses again, limiting the increase of the record price of new houses, and increasing the price by 5% after 180 days of cancellation of the record.

At the same time, the notice pointed out that the behaviors of malicious bid up house prices and disturbing the market order, such as controlling prices in the second-hand housing market, raising prices in groups, obtaining loans through Yin-Yang contract, listing and selling houses without transaction and transfer conditions, and disturbing the market order should be strictly investigated and dealt with.

In fact, on the afternoon of July 22, Dongguan Municipal Bureau of housing and urban rural development interviewed more than 30 real estate agencies, pointing out that there is a problem that intermediary agencies collude with speculative real estate gangs to raise house prices.

He shaotian, director of Dongguan Bureau of housing and urban rural development, requires that intermediary agencies shall not publish on-line the houses whose listing price of second-hand houses is obviously higher than the real transaction price or the average price of surrounding buildings, and shall not be allowed to list residential houses that do not meet the conditions for transaction and transfer, and shall not induce and assist both parties to raise the house price by means of ABC form and Yin-Yang contract, so as to provide convenience for speculators.

Source: interface news Author: Huang Yu, editor in charge: Wang Xiaowu_ NF