Recognizing a house but not a loan has been implemented for half a month: Shenzhen's second-hand housing transaction volume increased by 62% month-on-month, and the "Golden Nine" market has begun to a

It has been more than half a month since Shenzhen’s “recognize a house but not a loan” policy. Shenzhen’s weekly new and second-hand residential transaction volumes have continued to grow, and market confidence has recovered.

The single-week transaction volume of first-hand housing increased by 26.4% month-on-month

According to online signing data monitored by Shenzhen Zhongyuan Research Center, last week (2023.9.11-2023.9.17), a total of 479 new housing units were sold in Shenzhen, a month-on-month increase of 26.4%; the area totaled 48,482 square meters, a month-on-month increase of 27.0%.

The increase in online signing data for new homes is also due to the number of project certificates obtained that week. Data from Shenzhen Zhongyuan Research Center shows that a total of 8 new housing projects were approved last week and 6 projects were put on the market for sale, which is at a recent high.

The six projects entering the market are Jingdi Haiyue Mansion in Baoan District, Yifeng Mingting in Longgang, Lujing Baishizhou Jingting in Nanshan, Gemdale Huanwan City in Futian, Xinghe Xingyue Yundi in Longhua, and China Resources Runyao Mansion in Guangming. Among them, the project with the highest average price is Lvjing Baishizhou Jingting in Nanshan, with an average price of 113,800 yuan/square meter; Gemdale Huanwan City in Futian follows closely, with an average sales price of 113,500 yuan/square meter; Jingdi Haiyue Mansion in Baoan District ranks third with an average sales price of 74,300 yuan/square meter.

The implementation of the policy of “Recognizing a house but not a loan” has played a positive role in promoting the subscription of improved housing types in Shenzhen. The above three projects have all achieved good sales in recent openings.

According to the Securities Times, LVJing Baishizhou Jingting has a total of 756 customers shortlisted, a total of 1,257 houses, and 527 units have been sold at the opening, with a sales rate of about 40%; Jindi Huanwan Mingyuan has a total of 456 customers shortlisted, a total of 401 houses, 286 units have been sold at the opening, and a sales rate of about 70%. In addition, a total of 336 units were pre-sold in Haiyue Mansion, Jingdi, with 360 registered customers, and 226 units were sold by the developer at the launch.

The transaction volume of second-hand houses continues to pick up, with the single-week transaction volume increasing by 10% month-on-month.

The second-hand house market, which is more reflective of the market, also continues to recover. According to data from the Shenzhen Real Estate Agency Association, last week (2023.9.11-2023.9.17), Shenzhen's second-hand housing (including self-service) recorded a transaction volume of 892 units, a month-on-month increase of 10.1%, and the volume of second-hand housing continued to rebound.

Monitoring data from Shenzhen Shell Research Institute shows that in the past half month, the number of second-hand housing views in the Shenzhen real estate market has increased by 74% month-on-month, the transaction volume has increased by 62% month-on-month, and the number of new customers has increased by more than 28%. The "Golden Nine" market in Shenzhen's real estate market has initially appeared.

On the evening of August 30 this year, the Shenzhen Municipal Housing and Construction Bureau issued a notice, officially announcing the implementation of the "recognize the house but not the loan" policy: starting from August 31, when a household (including the borrower, spouse and minor children) applies for a loan to purchase commercial housing, if the family member does not have a complete house in Shenzhen, regardless of whether the loan has been used to purchase a house, banking financial institutions will implement the credit policy for the first house.

The introduction of this policy will directly benefit two types of home-buying groups. One is those who have a loan house in Shenzhen and are ready to sell and then change their house; the other is those who have a mortgage record outside Shenzhen but do not own a house locally. These two groups of people previously had to pay 50% or 60% of the down payment to buy a house in Shenzhen. After the implementation of the New Deal, the down payment was uniformly changed to 30%.

Shenzhen Midland Property has previously calculated that if these two groups of people purchase a house worth 5 million yuan, their down payment can be directly reduced by 1 million yuan after the implementation of the new policy. If calculated based on a loan amount of 3 million yuan, there will be a difference of 540 yuan in monthly payments before and after the policy, which to a certain extent reduces the loan repayment pressure of home buyers.

A local agent in Shenzhen said, “After the release of the policy of recognizing a house but not a loan, many customers inquired about the policy. It is undoubtedly a benefit for customers who have previously had loan records in other places but do not have a house in Shenzhen, including myself. I have bought a house in my hometown before and my two children are currently studying in Shenzhen. , but I still rent a house, and now I am considering buying a small one after paying a 30% down payment.”

The Shenzhen Real Estate Association pointed out that the effect of the policy is still showing, and at the same time, the number of commissioned purchases last week rebounded slightly from the previous week, because it takes some time to convert the commissioned purchases into transactions, and the market is expected to remain at a good level in the future.

However, as the demand for selling one and buying one increases, the number of second-hand houses for sale in Shenzhen has also increased. According to statistics from the Shenzhen Housing Association, on September 18, 2023, there were 56,119 valid second-hand houses for sale in Shenzhen, an increase of 1,153 units from the previous week. The number of listings continued to increase, but the growth rate slowed down. Among them, Longgang increased by 404 units compared with last week, with 14,718 units currently on sale.