"Come out and sell one set", and the price rose 400,000 yuan overnight!
The school district here is on fire
Zhichunli Community, Haidian District, Beijing.
Photo by Xue Yufei, Sino-Singapore Jingwei
Sino-Singapore Jingwei Client, December 29 (Xue Yufei) As the cold wave hits, Beijing has started the "quick freezing" mode, but this does not seem to stop parents' enthusiasm for purchasing school district housing.
A recent visit by the Sino-Singapore Jingwei client found that at the end of the previous year, which has been a low season for transactions, the transaction speed of houses around high-quality schools such as Zhongguancun No. 1 and No. 2 primary schools in Beijing's Haidian District has accelerated, and prices have also increased.
According to a real estate agent familiar with the surrounding situation, since the end of November, the transaction volume of the Haidian School District has increased significantly. As long as the price of the listed houses is right and the owners sell them sincerely, they will soon be sold. "Some time ago, As soon as a one-bedroom apartment of more than 40 square meters was put out, more than a dozen groups of customers wanted to see the house, and the parents were all staring."
Hot listings can be sold within two or three days of listing
The interior view of the school district for sale in Haidian District.
Photo by Xue Yufei, Sino-Singapore Jingwei
"Now I receive calls from customers and colleagues every day. There are 30 or 40 calls. It's very busy." Recently, the Sino-Singapore Jingwei client visited popular school districts such as the Southeast, Huangzhuang, and Zhichunli districts of Haidian District. , Tian Feng (a pseudonym), an agent of a real estate agency, described the current working status to reporters.
According to Tian Feng's observation, since the introduction of the property market control policy in March 2017, Beijing's overall housing prices have been relatively stable, and whether it is school district or non-school district housing, prices have been lowered at higher points.
But towards the end of this year, the school district room in Haidian suddenly became hot, making him feel baffled.
He said: "Generally speaking, winter is a low season for transactions, but this year is different. From about the end of November, the number of houses in the Haidian School District has increased significantly, and the transaction volume has increased significantly. Selling one set and selling one set is the same as looting. To be honest, we don’t understand why it’s hot, but this is how the market is."
Zhongguancun No. 3 Primary School, Zhongguancun No. 1 Primary School, Zhongguancun No. 2 Primary School, Primary School Attached to Renmin University, and Experimental Primary School Attached to Renmin University of China are five first-class primary schools in Haidian District. Housing in surrounding communities has become very popular recently.
Tian Feng said that due to the high unit price of the school district, small apartment houses are more popular. Many parents are staring at one-bedroom or two-bedroom houses. As long as they are listed, people will soon want to see the house.
In the past month, as long as the price is right and the owner sells it sincerely, small-sized houses can be sold within a few days or even a day or two.
"Some time ago, there was a one-bedroom apartment with a size of more than 40 square meters. On the day it was listed, there were more than a dozen customers who wanted to see the house. It was confirmed that there were 8 groups of customers who wanted to buy, and they had to line up to make an appointment. Without knowing the house number, a client couldn't wait and asked the broker to look for it from house to house according to the same type of housing. In the end, the house was sold at a price increase of 100,000 yuan,” Tian Feng said.
Wu Mengshu (pseudonym), who bought a house in the Haidian District School District in October this year, also told the Sino-Singapore Jingwei client that the market was already relatively hot at that time. As long as the price is right, the house can be sold in 2-3 days.
During the visit, the China-Singapore Jingwei reporter found that in some popular communities, agents and house inspectors shuttle between several buildings from time to time.
In the two homes of Zhichunli and Southeast, the agent who keeps the keys will stay in the house, waiting for his colleagues to bring waves of customers to see the house.
Although only some houses in Haidian District can be regarded as school district houses, the transaction volume in the whole district has indeed increased this year.
Data provided by Centaline Real Estate Data Research Center shows that, as of now, the transaction volume of second-hand housing in Haidian District has exceeded 2017 and 2019, and is lower than 2018.
In the third quarter of this year, a total of 5,816 second-hand houses were sold in Haidian District, which is the second highest number since 2017, second only to 5,848 in the third quarter of 2018.
The number of houses on sale decreased, and some houses rose 400,000 yuan overnight
Southeast area of Haidian District.
Photo by Xue Yufei, Sino-Singapore Jingwei
The digital brokers all indicated to the Sino-Singapore Jingwei client that after a period of digestion, the number of houses available for selection in Haidian Hot School District has decreased.
The third elementary school in Zhongguancun, which is the counterpart of Hummingbird Homes Community, has more transactions recently because the houses are mainly one-bedroom and two-bedroom houses.
The Sino-Singapore Jingwei client saw on a real estate trading website on the afternoon of December 26 that the platform had sold a total of 14 houses in Hummingbird Homes in the past 90 days, and there are currently 7 listed houses for sale.
Among these houses, 4 are one-bedroom units with a listing price of RMB 7.18-8.5 million, and 3 are two-bedroom units with a listing price of RMB 1199-14.6 million.
Real estate agent Lu Yang (a pseudonym) introduced that the remaining units in the Hummingbird Homes Community either had a total price too high, or the owner did not plan to sell, and could actually sell even less.
She said: "Since April this year, the volume of transactions in the Wanliu area has increased. In November, the company sold a total of 103 units in the area. There are no houses now, and one set is more expensive than one set."
With the increase in transaction volume and the decrease in housing listings, the prices of housing in some school districts in Haidian have increased.
The “List of Second-hand Housing Communities in Beijing” recently released by the Shell Research Institute shows that among the “ten districts with the strongest homeowners’ expectations in 2020,” Haidian District Shangdi Dongli, Southeast Community, Hummingbird Home, Wanquan New Home, The new starting point Jiayuan ranked 1-5, and the proportion of price-increasing houses reached 55%, 47%, 46%, 45%, and 43% respectively.
These communities are basically school district houses in the eyes of parents.
"The house in Hummingbird Home has risen a lot since the beginning of the year, and the current unit price is around 180,000-190,000 yuan per square meter. According to the calculation of a single set, the price of a one-bedroom apartment at the beginning of the year of 7.5 million yuan has also increased by more than 1 million yuan. The overall price of Wanliu area has increased by 10,000 yuan/square meter.” Lu Yang said.
The listed price of a two-bedroom apartment in Zhichunli Community has changed recently.
Source: Shell Search App
China-Singapore Jingwei reporters saw on the 24th that a 61-square-meter two-bedroom apartment in Zhichunli Community was listed for 6.8 million yuan, and the unit price was about 111,500 yuan per square meter.
By the 25th, the listing price of this suite had risen to 7.2 million yuan, an overnight increase of 400,000 yuan, and the unit price was about 118,000 yuan per square meter.
When the house was first listed on June 30 this year, the price was 6.35 million yuan.
Trend of average transaction price in Zhichunli district.
Source: Shell Search App
According to Tian Feng, from the end of last year to the beginning of this year, the price of houses of the same type in Zhichunli Community was still between 5.7-6.1 million yuan, but it is not available now. A little over 7 million sold.
According to data from the Shell Housing App, the average transaction price of second-hand housing in this community has been increasing in the past year, from 102,600 yuan/square meter in December 2019 to 110,900 yuan/square meter in November 2020.
Zhang Dawei, chief analyst of Centaline Real Estate, said that the current school district housing prices in Haidian District have risen to a certain extent, and the prices are higher than the 2017 high.
Why is the Haidian school district room on fire?
The interior view of the school district for sale in Haidian District.
Photo by Xue Yufei, Sino-Singapore Jingwei
Why does the Haidian School District’s housing become hot this winter?
Zhang Dawei analyzed that since Beijing's real estate market regulation, the transaction prices of second-hand houses in the city have fallen at a higher point, and the decline in areas with poor locations and lack of supporting facilities is greater than in core areas and areas with school districts.
After adjustments in recent years, the market has picked up. This market environment has provided support for the increase in housing transactions in the school district.
According to the statistics of I Love My Family Research Institute, in November this year, there were 17,268 sets of second-hand housing in Beijing, an increase of 20.5% compared with October, and a year-on-year increase of 40.44% in November 2019. The number of second-hand housing online signings has been maintained for 7 consecutive months. More than 16,000 sets.
The hot housing in the school district may also be related to the current epidemic.
Zhang Dawei said that many parents in Beijing plan to send their children to study abroad, and the international school in Beijing has been chosen for their children since childhood.
However, from the present perspective, it is still unknown when the global epidemic will end, and the risk of studying abroad increases. This part of the parents has switched to school district housing.
Foreign media quoted official U.S. data showing that from April to September this year, the number of F-1 student visas issued by the U.S. to mainland Chinese applicants dropped by 99% compared with the same period in 2019.
In addition, Beijing’s Xicheng District has introduced a policy this year. Since July 31, 2020, when children of school age who have purchased a house in Xicheng District and obtained a housing ownership certificate apply for primary school, they will no longer be registered for enrollment in the designated school, and all will be divided by multiple schools. Enrollment in the school district or adjacent school district.
Prior to this, Haidian District and Dongcheng District had implemented a multi-school division policy.
Wu Mengshu said that because he did not rush to buy the Xicheng District School District before July 31, and the price in Xicheng District was higher, after some trade-offs, he finally chose Haidian District. “Anyway, it doesn’t matter if there are multiple schools. Now, whether a child can go to a better school depends on the number of enrollment places that year.” She also said that in the past few years, Haidian high-segment students accounted for a relatively high proportion of the city, and parents trust Haidian Education.
Both Lu Yang and Tian Feng said that according to the feedback from parents, from the implementation of last year and this year, the multi-school scribing in Haidian District follows the principle of proximity. When parents buy a school district room, their children can basically go to the corresponding school. .
Lu Yang said: "Before Haidian implemented the multi-school dicing policy, the Hummingbird Homeland corresponded to the Zhongguancun No. 3 Elementary School. Now there are multiple schools (slicing). The children in the community are still the Zhongguancun No. 3 Elementary School. I have not heard of any child being transferred. "Tian Feng also said that the children from the Keyu and Southeast communities still enter the Zhongguancun Primary School one-on-one, and the children from the Zhichunli community enter the Experimental Primary School attached to the National People's University.
However, for parents like Wu Mengshu, buying a school district house in Haidian brings a little bit of "gambling" in it.
"The intermediary is not necessarily accurate. I saw on the Internet that some parents complained that their children were transferred to a school with average educational quality. Moreover, the admissions policies of various districts have changed every year, and there will be problems in the future. Expected." Wu Mengshu said.
(Zhongxin Jingwei APP)
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