Every Thursday, the cover will see the latest real estate market information and industry observations. Please stay tuned. From last Thursday to this Wednesday (October 27-November 2), which real estate market trends are worth paying attention to? Let’s take a look at this week’s property market report.
1. Land market
Local market:
According to the website of Chengdu Public Resources Trading Center, in addition to the 14 residential land transactions in Chengdu's third round of centralized land supply on October 27, this week (October 27-November 2), the land transactions in Chengdu are mainly industrial land and commercial and service land. 22 industrial land and 1 commercial and service land are sold through listing.
National market:
1, Suzhou City : On October 31, Suzhou City, Jiangsu Province sold the fourth batch of centralized land supply in 2022. A total of 18 residential land plots were all sold at the lowest price, and a total land transfer fee of 17.922 billion yuan was obtained, with a total transfer area of 772,700 square meters and a total construction area of 1.469,800 square meters.
2. Wuhan City: On October 28, Wuhan Municipal Natural Resources and Planning Bureau issued the fourth batch of "two concentrations" transfer announcement of this year, launching a total of 10 lands of various types, with a total land area of about 23.33 hectares, a total construction scale of about 627,800 square meters, and a total starting price of about 6.724 billion yuan. The project will be unveiled on November 29.
3. Shenzhen: On October 27, Shenzhen issued an announcement on the listing and transfer of the fourth batch of residential land in 2022. A total of 7 residential land plots were sold in the fourth batch, and will be listed and sold on November 25. The total land area of the seven residential land plots is about 24.09 hectares, with a total construction area of about 1.0121 million square meters (of which the total construction area of the initial construction of public housing is about 425,600 square meters), and the total starting land price is about 10.008 billion yuan.
2. Transaction data
Chengdu Commercial Housing Transaction:
This week (October 27-November 3), the total number of commercial housing transactions in Chengdu was 3,304, , , up 27.9% from the previous week, with a total transaction area of 421,325.40㎡, up 18% from the previous month.
Second-hand house transactions in Chengdu:
This week (October 27-November 3), the total number of second-hand house transactions in Chengdu was 3,383, a decrease of 9% from last week, and the total transaction area was 319,626.44㎡, a decrease of about 9% from last week. This week, the total number of second-hand houses sold in Chengdu exceeded that of commercial housing, but the total area of transactions was 10,168.96㎡ less than that of new houses.
3. New pre-sale
This week (October 27-November 2), a total of 25 projects including residential, parking spaces, commercial, office and other products have obtained pre-sale certificates.
4. One weekly event
More than 20 cities' first mortgage interest rate is less than 4%. Some experts say that mortgage interest rates may still decline in the fourth quarter
Abstract: According to incomplete statistics from the Securities Daily reporter, many cities have followed up and lowered the interest rate limit for commercial personal housing loans for first-homes. As of November 1, the interest rate for first-home mortgage loans in at least 20 cities including Dalian, Shijiazhuang, Guiyang, Tianjin, Wuhan, , Yichang, , etc. is less than 4%. Chen Xiao, senior analyst at Zhuge House Search Data Research Center, said that as the fourth quarter, it is expected that the cities that have been adjusted will continue to expand, and other cities that meet the conditions will follow up. At the same time, cities that have already made adjustments may also be further reduced in the later stage.
Dongguan, Guangdong Province pilots the payment of flexible employment personnel with Provident Fund : School students and foreign personnel are included in
Abstract: On October 28, the Housing Provident Fund Management Center of Dongguan City, Guangdong Province issued the "Notice on the Trial of Flexible Employees Participating in the Housing Provident Fund System". The document will be trialed for two years from the date of publication. According to the document, full civil capacity who are over 16 years old and have not reached the legal retirement age of and who are flexible in self-employed, part-time, new business formats, etc. can participate in the housing provident fund system in accordance with this notice. Individual business owners and their employees, Taiwan, Hong Kong, Macao and foreign personnel, and school students who have not participated in the payment can refer to flexible employment personnel to participate in the housing provident fund system. Individual industrial and commercial households and their employees, Taiwan, Hong Kong and Macao personnel and foreign personnel who have participated in the payment can choose to participate in the housing provident fund system as on-the-job employees or flexible employment personnel.
Longhu Founder Wu Yajun resigned as chairman of the board of directors, and Chen Xuping, a professional manager born in the 1980s, "take over"
Abstract: On the evening of the 10th, Longhu Group issued an announcement on the board of directors on the Stock Exchange. Due to age and health reasons, Wu Yajun, founder of Longfor Group, resigned as executive director and chairman of the board of directors. The chairman of the board of directors will be the executive director and CEO Chen Xuping; in addition, Shen Ying, general manager of human resources, joined the board of directors and served as executive director, and vice chairman of the board of directors, Shao Mingxiao 5 was transferred to non-executive director. Chen Xuping, a post-80s official, became the second chairman of the board of directors of Longfor Group in the 29 years since its establishment. Public information shows that the new chairman of the board of directors Chen Xuping was born in 1982, and is 40 years old. He graduated from civil engineering at Tsinghua University in 2008 and obtained a master's degree. In the same year, he joined Longfor Group as an official. He has served as engineering manager, project manager and other positions. He became the general manager of Chengdu Company at the end of 2016. He was appointed as the COO of Longfor Group and the general manager of real estate channel in July 2021. He became the CEO of Longfor Group by the end of February 2022.
New housing prices in 100 cities fell for four consecutive months, and some hot cities in the fourth quarter may slowly recover
Abstract: On November 1, the China Index Academy released the "Hundred Cities Price Index Report". Data shows that in October 2022, the prices of newly built residential buildings in 100 cities across the country fell by 0.01% month-on-month, and have fallen for four consecutive months; the prices of second-hand residential buildings have fallen for six consecutive months, and the number of cities that have fallen by 75 months month-on-month. Looking ahead, the China Index Academy report pointed out that it is expected that local governments will continue to make efforts to stabilize the property market from both supply and demand while adhering to the positioning of "housing for living, not for speculation". In the short term, the policy side of the demand side will continue to be relaxed, and hot cities may gradually relax regional purchase restrictions, optimize the "house recognition and loan recognition" policy, and adjust the lower limit of the first mortgage interest rate based on their own actual conditions; the supply side will continue to actively promote "security and payment", and localities will continue to implement relevant solutions. Overall, as the real estate market environment gradually becomes loose, the markets in some hot first- and second-tier cities in the fourth quarter may show a slow recovery trend.
Cover News Reporter Huang Yihui
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