The most popular real estate market policy in Shan

2022-07-26
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Shanghai 2016 property market policy: strictly prevent the new risks

Shanghai 2016 property market policy: strictly prevent the new risks

January 14, 2016

[China paint information] on the afternoon of January 12, Shanghai Municipal Development and Reform Commission and Housing Administration Bureau convened experts in the real estate industry and representatives of real estate enterprises to hold an internal seminar to summarize 2015 and predict 2016 Shanghai property market

"the decision-making representatives of the Shanghai Municipal Development and Reform Commission and the Housing Administration Bureau specifically mentioned their concerns about the sustained and rapid rise of housing prices in Shanghai in 2016, and specifically mentioned the need to prevent the rapid rise of housing prices", which was confirmed by the participants. At the seminar, the decision-making level also clearly proposed to strictly implement the purchase restriction and loan policies for second homes

at the just concluded national conference on housing and urban rural development, chenzhenggao, Minister of housing and urban rural development, set the tone for the real estate policy that de stocking should be the focus of the real estate work to consolidate the positive trend of the real estate market. It will be a bigger SUV type bev

but various signs show that under the policy setting tone of overall loosening and improving, Shanghai, as a first tier city, may be an exception, which has something to do with the performance of Shanghai real estate market in 2015 and the pressure background of rapid rise in Shanghai real estate market in 2016

residential transaction area soared

the performance of Shanghai's real estate market in 2015 exceeded expectations

zhanghongwei, director of Tongce consulting and research department, participated in the above seminar as an expert representative. He confirmed the authenticity of the contents of the above seminar

Zhang Hongwei told the decision-makers that their statements were very clear. In 2016, the setting tone of Shanghai's property market policy is tightening up. China has become the world's largest energy-saving lamp production base

in the past 2015, Shanghai's real estate market was extremely popular, becoming the second largest city in China (second only to Shenzhen)

according to the data of Tongce consulting and research department, in 2015, the area of commercial residential buildings in Shanghai totaled 15million square meters, a year-on-year sharp increase of 54.9%. The average transaction price of commercial residential buildings throughout the year was 31545 yuan/square meter, a year-on-year increase of 16.9%. Among them, the trading volume has reached a new high in the past six years since 2010, and the average transaction price has reached another record high, and has entered an era of more than 30000 yuan/square meter

the performance of the land market is the same. In 2015, the transaction area of operational land in Shanghai was 8.81 million square meters, down 34.5% on a month on month basis from 2014. The number of transactions was 101, down 48 from 2014. The transaction amount of operational land in Shanghai was 133.3 billion yuan, down 12.4% on a month on month basis from 2014

in 2015, the transaction floor price of residential land in Shanghai reached 17285 yuan/square meter, up 37.7% month on month compared with the previous year, reaching the highest point in history

2 you can choose the digital display operation mode. In 2016, the rising pressure was still obvious.

in general, Zhang Hongwei introduced that the performance of Shanghai property market and land market in 2015 was higher than expected, and the rising pressure in the first half of 2016 was still obvious

according to his calculation, in 2015, the stock area of commercial housing in Shanghai was 10.712 million square meters, and the three-month mobile inventory sales ratio was 6.6 months, of which the three-month mobile inventory sales ratio of apartments was 5.4 months respectively

if the deposit sales ratio is less than 8, it means that house prices are under great upward pressure. Zhang Hongwei said that from a fundamental point of view, Shanghai's commercial housing market will still have a strong upward momentum in the coming months

tighter policies

in view of the risk of excessive housing price rise in Shanghai, the above-mentioned participants told that the leaders of the Shanghai Municipal Development and Reform Commission and the Housing Administration Bureau specifically mentioned the need to strictly prevent excessive housing price rise and strictly implement the purchase restriction and second set of housing policies

the above policy trends are not without trace. Han Zhengzheng, Secretary of Shanghai municipal Party committee, made it clear at the quarterly work meeting in the fourth quarter that Shanghai should take controlling house prices as an important regulation target, and pointed out that there are structural problems in Shanghai's real estate market

in fact, the property market in Shanghai has shown signs of tightening at the end of 2015. Many local real estate enterprises in Shanghai have revealed that the current pre-sale qualification approval is also stricter than before

in addition to the tightening of Shanghai's property market policies, at the seminar, Shanghai's decision-making departments also noted the new situation in Shanghai's property market since 2015, and sought the opinions of the participants on it. They also clearly proposed, for example, to prevent the financial risks brought to the property market by illegal operations in the financial field

"now P2P platforms are developing rapidly in the country. Part of the funds raised by these platforms are used for development loans and part for housing loans, which will strengthen the leverage of real estate purchase." According to the above participants, as a new product in the financial field, P2P, Shanghai's real estate market partner in 2015, will also pose new risks to the real estate market in addition to the regulatory level

the restrictions on ordinary commercial housing may be stricter

in addition, in 2015, the central bank, the Ministry of housing and urban rural development and the China Banking Regulatory Commission jointly issued a notice to adjust the minimum down payment ratio to no less than 40% for households with one set of housing and the corresponding purchase loan has not been settled

since then, the second set of housing policy in Shanghai has also been adjusted, from 70% down payment for ordinary commercial housing to 40%. But from the actual implementation, according to Zhang Hongwei, whether it is "ordinary commercial housing" or not, it is calculated according to 40%. In Zhang Hongwei's view, the strict policy of second set of housing may mean that the restrictions on ordinary commercial housing will be stricter. According to the above participants, the seminar also specifically mentioned how to prevent the economy from relying too much on the property market

"this is a major direction for the future economic development of many regions, including Shanghai, but it is not achieved overnight, but a systematic project." Introduction by zhanghongwei

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