The first signs of recovery came from Shenzhen, where several luxury projects have opened in turn since March, and each time they have been hotly anticipated, even the long-lost "tea fee" has returned; in Shanghai in April, some people lined up to buy luxury apartments while wearing masks; and in Beijing, where luxury apartments have quietly begun to increase in price and turnover has risen.
Taking luxury properties in first-tier cities as a representative, some hotspot cities have seen dotty property market hot sales, and statistics in March hinted at a rebound in the 70-city market.
Data released by the National Bureau of Statistics (NBS) on April 16 showed that new-home prices rose in 38 of the 70 cities in March from a year earlier, a marked improvement from 21 cities in February. Xining, Hangzhou, Yinchuan ring rate of increase ranked high; second-hand housing, 32 cities prices rose, 10 cities flat, 28 cities fell, both the number of rising cities or the rate of increase, compared with February have raised.
However, in the case of the global epidemic is not yet clear, in the first quarter has been delayed on the basis of the completion of the opening and resumption of production postponed, the overall direction of the property market this year is still full of uncertainty.
While some local city-specific controls have been eased this year because of the epidemic, several cities that have tried to break through the defense line of purchase restrictions have still been severely stopped. Real estate will not see the same kind of unilateral rise as in the past, and housing without speculation remains the tone of the regulation.
Shenzhen industry insiders revealed that based on the recent surge in hot new properties in some areas and a sharp rise in the listing prices of some second-hand homes, relevant government departments have been concerned about such issues and have been working to prepare new regulatory measures.
After the epidemic slowed, the property market, which had been frozen for nearly two months, quickly warmed up again, and in some places there was a "summer". Song Wenhui
The property market is gradually warming up
Shenzhen and Shanghai have been bustling recently, with a resurgence of overpriced "tea fees" and "fights" over luxury flats.
Shenzhen, China Merchants Prince Bay Bay Seal on April 5 launched the last 54 apartments, which has been the project after the epidemic for the third time, each time by the buyers crowded, ten million yuan of luxury residential projects to grab up no mercy.
Such a "toothpaste-like" sale of housing, as well as the use of channels and intermediaries to create momentum, attracted the attention of government departments. The department has interviewed the developer, China Merchants Shekou, about this.
With the hot rush of luxury properties, Shenzhen reappeared "tea fee", the intense degree of demand can be seen. March, Shenzhen Baoan District, Jinan Haina Mansion, Yunxi Jinting, Run Heng City Aloe and other properties were exploded "tea fee", attracting the attention of the Housing and Urban Renminbi. This attracted the attention of the Housing and Urban Development Bureau.
Some of the kings of the land taken in previous years are also eager to push the market. Some insiders in Shenzhen revealed that Taihe's land king in Jiangangshan at the end of 2015, with a land price of nearly 80,000 yuan per square meter, is also planning to enter the market in the near future.
Shanghai is also synchronized with the fire. April 13, Shanghai Biyun Dignity Residence began to pledge, in the new launch of 160 suites of sources starting at 17 million, up to 80 million yuan, only pledging 6 million.
In the face of a series of eye-popping figures, a long queue formed outside the sales office in the morning before the opening of the sale, and some people even fought for the queue on the spot.
Such a hot luxury property is not alone in Shanghai: on March 24, Greenland's Seapower Bund opened at an average price of 138,000 yuan per square meter, with a de-minimization rate of 88 percent for 203 suites; and on March 31, Riverside Triumphal Arch opened at an average price of 138,000 yuan per square meter for 175 suites, with a pledge rate of 205.7 percent on the same day.
Shanghai Centaline Real Estate data show that at the end of March, Shanghai's high-priced housing transactions are active, boosting the average price of new housing transactions climbed to 64,404 yuan/square meter, up 17.5 percent from a year earlier, a record high.
In the second week of April, among the 22 cities monitored by the CIIC, transactions rose in seven cities, accounting for 32 percent of the monitored cities. Compared with the same period last year, transactions in the 22 representative cities fell by 28 percent overall, with transactions in 18 cities falling year-on-year.
The just-released data from the National Bureau of Statistics (NBS) also showed that among the 70 cities in March, the prices of new homes in 38 cities rose year-on-year, a marked improvement from 21 cities in February. Xining, Hangzhou, Yinchuan ring rate of increase ranked high; second-hand housing, 32 cities prices rose, 10 cities flat, 28 cities fell, both the number of rising cities or the extent of the rise, compared with February have raised.
Yan Yuejin, director of the Think Tank Center of the E-House Research Institute, told reporters that the current pursuit of luxury housing is a special case, "the global economy is not good, luxury housing has the function of preservation of value and appreciation, risk aversion, and the rigid demand disk, although there is a warming up, but it is definitely lower than the level of the same period last year."
He believes that some cities are likely to exceed the volume of the same period last year, but add up to the data as a whole compared to last year or to fall about 10%, the key cities out of the cooling channel is still a certain resistance, has been to the 3-4 quarter of the market will be good.
Zhang Dawei, chief analyst of Centaline Real Estate, said that cities such as Shenzhen and Hangzhou have seen a recent rapid recovery because of the structure of supply and demand, the abolition of the mansion tax before the epidemic, and the stimulation of the talent policy, which has made them the leading cities in terms of house price increases.
Compared with the 80-90 percent plunge in the market in February, the market turnover in most cities gradually recovered in March, and in the first half of April just past, the market continued to recover across the region, which is already close to 70 percent of the same period last year.
90 cities issued regulatory policies
The property market's rebound is largely due to the easing of liquidity, as well as the loosening of controls in some places.
Since February, under the influence of the epidemic, many places have launched policies to support real estate. They mainly include support for resumption of work and production, land acquisition by developers, and regulation of pre-sale funds.
According to incomplete statistics from the 21st Century Business Herald, as of April 14, more than 90 cities have issued real estate control policies of varying degrees.
But a few cities that relaxed their real estate control policies were called off. For example, after insisting for three days, on April 14, Qingdao withdrew the previously issued restriction on the sale of loosened policies, which is also the sixth city to withdraw the property market loosening policies after Zhumadian, Haining, Guangzhou, Jinan and Baoji.
On the one hand, local governments are careful to test the waters, and on the other hand, various signals strongly indicate that the main tone of "housing without speculation" will not change.
Faced with a sudden rebound in the market and even speculation, government departments are also responding urgently to prevent the market from evolving into another surge.
In Shenzhen, in the face of sky-high tea fees, Baoan District Housing and Urban Renewal Authority immediately took action to strictly prohibit real estate enterprises and intermediaries from charging out-of-the-price fees, which will be handed over to the relevant departments to investigate and deal with once discovered, and impose fines and suspension of net signatures on the properties involved.
Following April 9, the Shenzhen Nanshan Housing and Urban Renewal Bureau also said that it had received relevant complaints and would strictly prohibit malicious speculation to inflate the price of second-hand housing, and pursue the relevant legal responsibility.
The 21st Century Business Herald has learned that the Shenzhen authorities have been studying new policy snipes for the phenomenon of speculation in the current market.
Zhang Dawei believes that, nationally, the regulation still adhere to the housing without speculation. Real estate regulation is expected to open the door is unlikely. On such a basis, housing prices are unlikely to rise sharply.
In fact, most developers, as the main players in the market, did not anticipate this wave of home purchases after the epidemic. The person in charge of a Guangdong real estate company's project in Beijing said he hadn't expected demand to be so fierce, and the project's sales office wasn't even prepared to receive customers, but also focused on online home purchases.
Developers are generally cautious about the market in the second quarter and the second half of the year.
On April 15, Jinke President Yu Linqiang said at the results meeting that due to the closure of the sales office, the first quarter of the real estate enterprises sales have declined to varying degrees, and the overall sales scale of the full-year market forecasts should also decline by 5-8 percent.
Yan Yuejin expects that the volume of new housing transactions in key cities to fall by about 10% throughout the year, and price cuts by real estate companies are inevitable.