Sino-Singapore Jingwei Client, February 9th (Xue Yufei) On February 8, the Shenzhen Municipal Bureau of Housing and Urban-Rural Development issued a new policy, which will establish a Shenzhen second-hand housing transaction reference price release mechanism.
Subsequently, the first phase of the reference price catalog was released, and 3595 communities were "priced" one by one.
Since the transaction price of second-hand houses in many communities was higher than the official reference price, some netizens called out: The loss of millions of yuan in one day.
Data map: Shenzhen Jingji 100 Building.
Photo by Xue Yufei, Sino-Singapore Jingwei
On the 9th, the Sino-Singapore Jingwei client saw on the major real estate trading platforms that the Shenzhen second-hand housing listings on the Shell Finding App no longer displayed the listing price, and the price information column was marked as "No Data", Qfang.com APP , Shenzhen second-hand housing listings on Centaline Property do not have price information, but on the Leyoujia APP, it is displayed as "no sale price".
Some Shenzhen real estate agents said that according to the requirements of relevant departments in Shenzhen, the listings above the reference price cannot be displayed to the public, and they are closing the price information of these listings.
The reference price of second-hand housing is generally low
Data map: A residential area in Shenzhen.
Photo by Xue Yufei, Sino-Singapore Jingwei
On the 8th, the Shenzhen Municipal Bureau of Housing and Urban-rural Development issued the "Notice on Further Promoting the Stable and Healthy Development of the City's Real Estate Market", and the city will establish a second-hand housing transaction reference price release mechanism.
For the purpose of establishing a reference price release mechanism, the Shenzhen Municipal Bureau of Housing and Urban-Rural Development stated that this is an important measure to implement the positioning of houses for living, not for speculation, and to promote information transparency and rational transactions in the second-hand housing market.
The Sino-Singapore Jingwei client noticed that since the end of 2019, the real estate market in Shenzhen has been relatively hot, new houses have repeatedly appeared "new wave", and the price of second-hand houses has increased significantly.
According to data from the National Bureau of Statistics, in December 2020, second-hand housing prices in Shenzhen rose by 14.1% year-on-year, ranking first in the 70 cities.
As early as 2020, it was rumored that Shenzhen would launch a second-hand housing price reference mechanism. Now, boots have finally landed.
How is the official transaction reference price obtained?
According to the Shenzhen Municipal Bureau of Housing and Urban-Rural Development, the Shenzhen Municipal Real Estate and Urban Construction Development Research Center, based on the survey and analysis, based on the online signing price of second-hand housing, and referring to the surrounding first-hand housing prices, comprehensively formed the reference price of second-hand housing transactions in residential communities in the city, The principle of full coverage of the city and regional grids, with residential quarters as regional grid units, released the reference prices of second-hand housing transactions in 3595 residential quarters in the city.
Comparing the current listing and transaction prices of second-hand houses in Shenzhen, we can find that the official transaction reference price is low.
The Sino-Singapore Jingwei client saw on a real estate trading platform that a set of about 53 square meters of second-hand housing in Huating Community, Modern City, Nanshan District, currently listed at a unit price of 102593 yuan/square meter, and the official transaction reference for the community The price is 71,900 yuan/square meter and the price difference is 30,000 yuan/square meter.
The China Resources City Runfu Project in Nanshan District has attracted attention due to the "ten thousand people fighting for new projects".
At present, the listing price of second-hand houses in the first and second phases of Runfu is about 180,000 yuan/square meter. The reference price released this time is 132,000 yuan/square meter, and the price difference is 48,000 yuan/square meter, which is equivalent to 7.3% off.
The smallest unit in Runfu's listing is about 80 square meters. If the property is sold at a reference price, the owner will lose about 3.8 million yuan.
The Hengyu Bincheng, located in the core of the Deep Bay in Nanshan District, is even more exaggerated. The transaction reference price of Hengyu Bincheng Phase II is 132,000 yuan/square meter. However, the data from the shell search shows that the average transaction price of the community in January is 287,300 yuan/square meter, with a price difference of 150,000 yuan/square meter.
At least 4 platforms no longer display the listing price of second-hand housing
On the evening of February 8, the Financial Association reported that it was learned from a number of intermediary agencies in Shenzhen that in the afternoon many intermediary companies were urgently notified to meet by relevant Shenzhen departments. The main content of the meeting was: request for second-hand housing brokers from now on All of the company’s platforms, including websites, APPs, window advertisements, leaflets, companies or brokers’ various social media, cannot publish housing information higher than the reference price of the transaction; housing higher than the reference price can be transferred and bought The family must sign a risk notice.
Deyou agent Sun Feng (a pseudonym) told the Zhongxin Jingwei reporter: "The meeting was notified on the afternoon of the 8th. The listings that exceed the reference price of second-hand houses cannot be displayed on the Internet and cannot be promoted." Le Youjia agent Yang Dong (pseudonym) also said: "Three large real estate agencies in Shenzhen received a notice yesterday that second-hand housing listings exceeding the official reference price cannot be displayed on the Internet and must be removed from the shelves. We are also closing the prices of these listings. information."
According to the Shell Finding App, the price display of second-hand housing in Shenzhen is displayed as "No Data".
Source: Shell Search App
On the 9th, the Sino-Singapore Jingwei client found in the Shell Finding App. Except for new houses, a large number of second-hand housing listings on the platform did not have a listing price, and only displayed as "no data yet."
The same is true for Qfang.com APP and Centaline Property. There is no information in the second-hand housing price information column.
On the morning of the 9th, there are still many second-hand housing price information on the Leyoujia APP that are still being displayed normally. Among them, there are many houses with 80,000 yuan per square meter or even 100,000 yuan per square meter. The listing price is significantly higher than the official price. Reference Price.
By the afternoon of the same day, a large number of listings on Leyoujia were displayed as "no sale price".
On the Qfang.com APP, the listing price of second-hand housing in Shenzhen is not displayed.
Source: Qfangwang APP
Prices of second-hand houses on 58.com APP and Anjuke APP are still displayed.
However, Sun Feng said that the listings on 58.com and Anjuke were released by the brokers of other brokerage companies. The management is relatively loose. It is estimated that these platforms and large brokerage companies must follow this policy.
On the Leyoujia APP, second-hand housing listings in Shenzhen are displayed as "No sale price yet."
Source: Leyoujia APP
The brokers interviewed all said that although the listing price of second-hand houses cannot be displayed to the outside world, they can still see the price through the company's intranet, and the listing of houses in recent times is still normal.
The Shenzhen Real Estate Intermediary Association issued a reminder on the morning of the 9th that all real estate intermediaries and intermediary personnel should use the reference price as an important basis and make reasonable announcements when publishing listings online and offline.
Online channels include, but are not limited to, corporate official websites, mobile apps, WeChat official accounts, WeChat mini programs, and WeChat Moments of employees under its jurisdiction.
Home buyers down payment ratio or increase
Data map: Shenzhen Beach.
Photo by Xue Yufei, Sino-Singapore Jingwei
In the opinion of some industry insiders, whether the Shenzhen second-hand housing transaction reference price release mechanism can play a regulatory role, one of the keys lies in how the housing loan policy goes.
Zhang Dawei, chief analyst of Centaline Real Estate, said that the previous policies of Beijing and other cities have been verified. Simply imposing “price limit” on second-hand housing will have little impact on the market. The core depends on whether the transaction reference price can be passed to the bank's appraisal price.
Since the current listing and transaction prices of second-hand housing in Shenzhen are higher than the official reference price, if banks use the official reference price as the basis for loans in the future, the down payment ratio for home buyers will increase, and the pressure will increase.
Sun Feng said that taking a house of 8 million yuan as an example, if the bank uses the reference price to calculate, the total price of the house may be only 6.5 million yuan. With a loan ratio of 70%, the bank’s approved loan The 5.6 million yuan fell to 4.55 million yuan. Accordingly, the down payment of the home buyer increased from 2.4 million yuan to 3.45 million yuan, which is equivalent to 4-5% of the actual transaction price of the house.
According to Yang Dong's understanding, banks approve loans based on reference prices, and this method is basically certain.
Sun Feng said that the orders that have been signed online will not be affected by the New Deal, but how home buyers will borrow money in the future depends on how the bank follows up.
Li Yujia, chief researcher of the Guangdong Provincial Housing Policy Research Center, analyzed the Sino-Singapore Jingwei client, that the possibility of banks using the official reference price as the basis for approving loans exists.
He said: "When the bank originally approved the loan, it would make an appraisal price for the house. Now that the government department has given a reference price, and this reference price is a reasonable level considered by the government, it makes sense for the bank to use it as an assessment basis. "
The Shenzhen Municipal Bureau of Housing and Urban-Rural Development stated in the policy interpretation released on the 8th that the release of the reference price of second-hand housing transactions is conducive to guiding commercial banks to issue second-hand housing loans reasonably, preventing and controlling personal housing credit risks, and stabilizing market expectations.
Regarding the issue of the price difference between the second-hand housing transaction price and the reference price, Li Yujia said that the reference price is best to respect history and the status quo, and disclose the actual transaction price. On this basis, update the price regularly (monthly or quarterly) .
"After that, let the bank's loan evaluation price follow this price, and the government's transaction reference price has meaning." He also said that the current policy thinking is correct, and the joint regulation of second-hand housing avoids the past. Fragmentation and localization.
At the same time, it is necessary to strengthen coordination between horizontal policies, such as increasing supply, suppressing demand, and controlling leverage.
(Zhongxin Jingwei APP)
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