Securities Times reporter Tang Qiang
Although "housing and not speculating" is deeply rooted in the hearts of the people, the Chengdu property market is still hotly sought after by local funds, and many people regard "buying a house by lottery" as a shortcut to make money to change their fate.
On February 14, a high-end residence in Chengdu High-tech Zone passed a judicial auction and finally sold for more than 11 million yuan.
This suite originated from the "lottery" sale in December 2020. At that time, the highest price of houses of the same type was around 6.3 million yuan.
On June 29, 2021, the record for this property was completed, and it is still a construction in progress and has not yet been handed over.
In other words, the owner of this luxury home in Chengdu has easily earned a premium of nearly 5 million yuan in just 8 months.
Over 20,000 people watched the auction
On December 18, 2020, after a lapse of 4 years, No. 5 of Vanke Park in Chengdu finally obtained evidence again, and launched 16 houses, 9-22F, 831 units in total, with three types of 189㎡, 215㎡, and 260㎡. , the average price of the hardcover is 24,200/㎡, and the average total price of the set is about 5.27 million.
At that time, the number of qualified finalists who participated in the lottery of the real estate lottery reached 1,753, 1,748 households without houses just needed to register, and 5 households were converted into shantytowns.
According to the housing lottery purchase rules at that time, and based on the conditions of the administrative district to which the project belongs, local social security, etc., the first home buyer who just needs a house without housing has paid social security continuously for 320 months (about 27 years).
At that time, the market price of second-hand housing near the project was around 30,000 yuan.
Driven by huge interest expectations, luxury houses have become popular products.
On February 14, 2022, the Ali judicial auction platform completed an auction transaction. A residence located at "No. 401, 4th Floor, Unit 1, Building 22, No. 1366, Tianfu 1st Street, High-tech Zone, Chengdu" is the auction target.
According to the auction data, the residence is located in the No. 5 community of Vanke Park in Chengdu. The record date of the property is June 29, 2021 (record number: 3458962), with a construction area of 258.55 square meters.
According to the arrangement, the market value of the real estate is 8.8 million yuan, the starting price is 7.8 million yuan, the deposit is 780,000 yuan, and the price increase is 5,000 yuan (and its multiples).
A reporter from Securities Times·e Company learned that the real estate participating in the auction is currently a construction in progress and has not yet been handed over. The bidding time is from 10:00 on February 13, 2022 to 10:00 on February 14, 2022 (except for delays) ).
The auction attracted the attention of more than 20,000 "melon eaters", with 544 people setting reminders and 11 people registering for the auction.
In the auction that day, these 11 bidders competed fiercely, with a total of 202 bids, 182 delays occurred during the period, and the final price was 11.13 million yuan.
Calculated at this price, the foreclosure price of No. 5 off-plan house in Chengdu Vanke Park has reached the price of 43,000 yuan / square meter; the data from Chengdu Buy House Link showed that when the project was certified in December 2020, the hardcover of the suite 401, Unit 1, Building 22 of the building, was hardcover. The total price is 6.3013 million yuan, equivalent to a hardcover unit price of 24,400 yuan/㎡.
In terms of filing time, the buyer's real estate has not yet been acquired, and in less than 8 months, he received a premium income of 4.8287 million yuan from this "lottery" purchase.
Foreclosure mode cash out in advance?
In recent years, there have been many times in Chengdu where 10,000 people have snapped up "net red new properties" in the same community. The competition for home buyers is extremely fierce, and it is difficult to win the lottery without a house just in need.
As early as March 22, 2021, Chengdu issued the "Notice on Further Promoting the Stable and Healthy Development of the Real Estate Market" (hereinafter referred to as the "Notice"), which includes reference from land supply, housing and land price linkage, housing security, legal auction restrictions, and second-hand housing transactions. The price mechanism, bank credit and other aspects have further increased the regulation and control of the Chengdu property market.
It should be pointed out that before, some unscrupulous intermediaries used Chengdu's "legal auction house" not included in the scope of purchase and sales restrictions to conduct malicious speculation, and individual parties made up claims and debt disputes to obtain housing through litigation.
With the implementation of the New Deal, this loophole is expected to be plugged. The subjects specified in the "Notice" include natural persons, legal persons and unincorporated organizations.
In response to the popularity of "Internet celebrity new projects", the "Notice" requires strengthening the management of housing transactions.
The specific regulations are that for projects where the number of registered home buyers is three times or more than the number of houses available for sale in the current period, the period of restricted sales of purchased commercial housing will be extended from 3 years to 5 years.
The so-called "person-to-room ratio" is the ratio of the number of registered buyers of a new property to the number of housing listings in the current period. The Vanke Park No. 5 mentioned in this article is a three-times hot property with a 5-year limit on sales.
In view of the above, some people questioned that due to Chengdu's strict control of the property market, some real estate speculators who are eager to realize the real estate will use the foreclosure model to cash out the properties that have not yet been delivered. There may be loopholes in the policy.
In this regard, a local lawyer in Chengdu told a reporter from Securities Times · e company that the court enforced the property of the person subject to execution, but the person to be executed refuses to perform it. The only way to deal with it is to auction his assets, not because of the purchase policy, not to protect the application for execution. human rights.
As for whether or not to transfer the property and handle property rights, this is not a matter for the court to be responsible for. These require specific consultation with the Housing Authority.
One is willing to sell, the other is willing to buy, and the bidder may wait 5 years before handling the transfer of property rights.
The lawyer further pointed out that the possibility of real estate speculators exploiting loopholes to cash in in advance is not ruled out.
In fact, when Chengdu did not limit purchases a few years ago, there were indeed many companies or individuals cashing out through foreclosures.
Now, the court will conduct strict investigations on private lending or economic disputes, and the capital flow and transaction contracts involved will be reviewed in detail. If it is a false lawsuit, the parties and lawyers will be severely punished, and the risk of such operations will be very high.