Author: Sun Mengfan

　　On November 8, Beijing, where the property market has always been strictly regulated, broke out a new policy. The commercial housing in Taihu and Majuqiao will no longer implement the Tongzhou "double limit" policy, and implement the relevant provisions of the Beijing Economic and Technological Development Zone's commercial housing policy: Beijing Families can own two houses, and non-Beijing families can own one house for 5 consecutive years of social security or tax payment.

　　After the promulgation of the New Deal, a group of home buyers who did not meet the purchase restrictions in Tongzhou before regained their qualifications to buy houses; there are also homeowners who had previously listed their houses for sale, regretting that they "sold too early" after seeing the New Deal.

A real estate agent in charge of the Majuqiao business district said that the effect of the new policy will continue to be observed, and some second-hand house owners will likely adjust their prices.

　　According to industry insiders, after the "strictest purchase restriction order" in Tongzhou is no longer implemented, the activity of the property market in these two areas is expected to increase, and the demand for housing purchases may be effectively released.

However, this policy cannot be regarded as a signal that Tongzhou and even Beijing have liberalized the purchase restriction policy. The root cause of the changes in the purchase policies in these two regions is the adjustment of administrative divisions.

　　In the past October, the overall market in Beijing has recovered. The transaction of new commercial housing increased by 14.22% month-on-month and 27.79% year-on-year. The monthly transaction reached a monthly peak in one year. However, the second-hand housing market listing volume is increasing, and buyers are wait-and-see Heavier, the follow-up market is expected to stop falling and rise.

The purchase restriction policy is slightly loosened

　　Among the major administrative districts in Beijing, Tongzhou District has always been a "maverick", and the regulation of the property market has been tightened against the trend.

　　As early as 2015, the news that Tongzhou will build a sub-center of the city began to spread, and the real estate market in the region immediately boiled.

At that time, the New Deal for Beijing's property market had not yet been introduced. Tongzhou had already started the "double purchase restriction" that year, and in May 2016, it had imposed restrictions on commercial apartments and commercial offices.

　　Since the fourth quarter of 2016, Beijing has gradually tightened the regulation of the property market, and many policies are also applicable to Tongzhou.

Therefore, in order to buy a house in Tongzhou, in addition to complying with Beijing’s purchase restriction policy, Beijing-based families with one suite also need to be registered in Tongzhou for more than 3 years or pay social security or tax in Tongzhou; In addition, it is necessary to pay social security or tax in Tongzhou within three years, which was once called "the most restrictive purchase in history".

　　Under the New Deal at that time, the Tongzhou property market cooled down instantly.

According to the research report of Centaline Real Estate, in the year before the New Deal (2014.9-2015.8), Tongzhou District had a total of 7,361 new commercial housing transactions, with an average monthly transaction of 613 units; one year after the implementation (2015.9-2016.8), a total of 3,842 units were sold, with an average monthly transaction of 320 units. , down 48% from the previous period, and the city-wide decline was only 4% over the same period.

　　By 2021, the transaction volume of Tongzhou's property market will reach its highest level in seven years, but it has not yet exceeded 5,000 units.

The latest data from the Zhuge Housing Data Research Center shows that in October this year, 321 new houses were sold in Tongzhou District, down 20.54% from the previous month.

Under the low temperature property market and soil auction market, news about Tongzhou's liberalization of purchase restrictions has been reported several times.

　　The Taihu and Majuqiao areas involved in this new policy have previously been placed under the management of the Beijing Economic and Technological Development Zone, but the purchase policy has always implemented Tongzhou's "double limit" policy.

After the implementation of the New Deal, some buyers can get "room tickets" on this.

　　Chen Xiao, a senior analyst at Zhuge Housing Data Research Center, said that the new policy is a major benefit for home buyers in the region. A group of home buyers who did not meet the purchase restrictions in Tongzhou have regained their qualifications for home purchases, which will help improve the regional market. It has positive significance and will have a certain impact on the competition pattern of the property market in the entire Yizhuang area. At the same time, it will indirectly promote the introduction of talents and industrial upgrading, which will benefit the Yizhuang Economic Development Zone.

　　According to the monitoring data of the Zhuge Housing Data Research Center, from January to October 2022, 1,139 commercial housing units in Taihu and Majuqiao areas were sold, with a transaction area of ​​107,800 square meters and an average transaction price of 46,097 yuan/square meter.

　　Chen Wenjing, market research director of the Index Division of the China Index Research Institute, also said that this policy adjustment is accompanied by the adjustment of the scope of urban planning and management, and the housing policy is also shifting to the policy of the management body; The relationship between housing supply and demand in the development zone will better promote the "job-housing balance", which is in line with the policy orientation of Beijing.

　　After the release of the New Deal, a real estate agent in Majuqiao told reporters that the number of people who consulted and bought houses increased after the purchase restrictions were loosened.

And those owners who have already sold their properties, some regret it, and believe that at least some listing prices can be raised under the New Deal.

　　Limited impact on the entire Beijing property market

　　It is worth noting that the above-mentioned new policies have a greater impact on home buyers in the region, and have a relatively limited impact on the entire Tongzhou and Beijing property market.

　　Chen Xiao believes that the notice cannot be regarded as a signal that the purchase restriction policy in Tongzhou and even Beijing has been loosened. The root cause of the changes in the purchase policies in these two regions is the adjustment of administrative divisions.

As early as April this year, the social security business of some units in Majuqiao and Taihu in Tongzhou was transferred to the management of Beijing Economic and Technological Development Zone. An important step in unity.

　　Chen Wenjing believes that since 2022, Beijing's property market policy has remained stable as a whole. In August, Beijing selected three pilot projects to ease loan restrictions on elderly families. Fine-tuning is the main thing.

Previously, Beijing proposed to "study support measures for reasonable housing needs such as multi-child families and work-housing balance purchases." There is still room for fine-tuning of subsequent housing policies, but it may still focus on specific groups of people.

　　In the past October, the new housing market in Beijing's property market has warmed up, showing a situation of "volume falling and price rising".

　　According to the monitoring data of Zhuge Housing Data Research Center, 8,552 new commercial housing units were sold in Beijing in October, up 14.22% month-on-month and 27.79% year-on-year.

From January to October 2022, a total of 57,143 new commercial housing units were sold in Beijing, down 25.22% from January to October 2021. It is expected that there is still room for growth in new housing in Beijing in November.

　　Since the beginning of this year, three "ten billion real estate" projects have been born in Beijing's real estate market. As of October 31, Beijing Urban Construction Tiantan Mansion signed a contract of 11.61 billion yuan, Xuefu No. .

　　Kerui believes that the Beijing property market is affected by the epidemic and the general economic environment, and the transaction performance is not as good as that of the same period last year. The transactions of projects in the outer suburbs are relatively deserted, but there is no lack of traffic in the core areas.

With the continuous release of positive signals at the policy level, the confidence of home buyers will gradually be rebuilt, and the Beijing real estate market will slowly recover in the future, but the price game between buyers and sellers may intensify.

　　Second-hand housing market performance is more tortuous.

Zhuge Housing said that since June this year, the second-hand housing market in Beijing has continued to maintain a high level of activity. Entering October, the market activity has declined slightly, and the transaction scale has stopped rising and falling. The second-hand housing transaction in the month was 11,209 units, a month-on-month decrease. 20.85%; a year-on-year increase of 10.41%.

　　At the same time, the scale of second-hand housing in Beijing continues to rise. Institutional data shows that the number of listings has remained at the level of over 150,000 units for six consecutive months, and increased by 0.2% month-on-month in October.

Wheatfield Real Estate believes that the number of second-hand houses for sale in Beijing is still increasing in October, buyers still have a certain wait-and-see mood, and the pressure of sellers to adjust prices still exists.

　　However, with the gradual deepening of the nationwide "sell one, buy one" policy, second-hand housing transactions in Beijing are expected to stop falling.

Regarding the subsequent trend of the second-hand housing market, Wheatfield Real Estate believes that the gradual warming trend of the Beijing property market has been created, and the demand for the second-hand housing market in Beijing will be further released in November. It is expected that the number of online signings will increase compared with October.