China News Service, Guangzhou, May 19 (Sun Qiuxia): National Bureau of Statistics data show that in April, real estate market prices in 70 large and medium-sized cities continued to rise slightly. Among them, the sales price of second-hand residential in Shenzhen rose by 1.7%, leading the first-tier cities.

  Since the beginning of this year, Shenzhen's second-hand residential sales prices have been leading the rise of Beijing to Shanghai. Not long ago, Shenzhen ’s sky-high prices for “new tea” and the soaring listing prices of second-hand houses also attracted public attention.

  Zhang Hongwei, chief analyst of Tongce Group, said in an interview with ChinaNews.com that the recent increase in Shenzhen's housing prices is mainly structural, and the performance of luxury homes is more prominent, which has led to some changes in the average price of the entire city. The rise in luxury house prices is mainly affected by the epidemic. Some high-net-worth people prefer to buy luxury houses to maintain value and increase value due to the lack of investment channels.

  After the official successive shots, the Shenzhen property market gradually recovered from madness to calm. However, in the long run, the Shenzhen property market still shows an upward trend.

  Yan Yuejin, research director of the Think Tank Center of E-House Research Institute, said in an interview with ChinaNews.com that the core factor for rising housing prices in Shenzhen is the large demand for housing, so the increase is obvious. In recent years, hundreds of thousands of people have flowed into Shenzhen every year, making Shenzhen's housing supply unable to keep up with demand.

  Official data shows that at the end of 2019, Shenzhen's permanent population was 13.438 million, an increase of 412,200 from the end of the previous year. From 2015 to 2018, Shenzhen's annual increase in the number of permanent residents was 600,000, 529,700, 550,800 and 498,300 respectively.

  Zhang Hongwei said that if the fundamentals of Shenzhen's housing shortage are unchanged, from the medium- and long-term perspective, Shenzhen's housing prices will continue to rise.

  In order to alleviate the long-term tight supply and demand relationship, Shenzhen also realized the need to increase housing supply.

  On April 22, the Shenzhen Municipal Housing and Construction Bureau issued the "Shenzhen Housing Development 2020 Annual Implementation Plan" (hereinafter referred to as the "Plan"), proposing that the 2020 commercial housing plan should use 125 hectares of land and a construction area of ​​about 5.63 million square meters. 63,000 sets of land are planned to be built.

  The "Plan" also pointed out that it is recommended to gradually increase the proportion of residential land to 25% of the city's construction land through various channels such as new supply of residential land and industrial land function adjustment.

  Zhang Hongwei pointed out that the most fundamental thing for stabilizing housing prices in Shenzhen is to increase land supply and use more supply to meet demand and balance the market. At the same time, for low-income groups, the government can address housing needs through diversified supply of marketable commercial housing, talent housing, affordable housing, and rental housing.

  In Yan Yuejin's view, the government should establish a long-term real estate mechanism to ensure the supply of housing in Shenzhen and further stabilize housing prices.

  Previously, the Shenzhen Housing and Construction Bureau made it clear that the long-term mechanism for real estate development is accelerating. In the future, Shenzhen will deepen reform of the housing system, vigorously develop the housing rental market, and promote the stable and healthy development of the real estate market. (Finish)