[Epoch Times, February 4, 2022](Epoch Times reporter Liu Yi comprehensive report) In January this year, the transaction volume of second-hand commercial housing in Shenzhen was 147,300 square meters (1,557 units), a year-on-year decrease of 75.04% and a new low in the past ten years.
According to the Shenzhen real estate information platform on February 3, in January this year, the transaction volume of second-hand commercial housing in Shenzhen was 230,500 square meters (2019 units), down 64.38% year-on-year; sets), a year-on-year decrease of 75.04%.
Brokerage China reported on February 4 that the transaction of second-hand commercial housing in Shenzhen in January was lower than the 1,605 units in October 2021, a record low in the past ten years, while second-hand housing prices in Shenzhen fell by 0.4% in January, a moderate decline in first-tier cities. The largest, and has been falling for 8 months.
In February 2021, Shenzhen was the first to launch a second-hand housing guide price policy in mainland China. The room cools down quickly.
In the month when the second-hand housing guide price policy was released, the transaction of second-hand commercial housing in Shenzhen dropped sharply to 4,166 units, down 40% from 7,008 units in the previous month. In March 2021, the data rebounded to 6,789 units. Since then, second-hand commercial housing has declined for seven consecutive months, once falling to 1,605 units in October last year.
The Paper quoted a real estate agent in Shenzhen as saying on February 3: “The second-hand housing market was not good last year. After the second-hand housing price guide, the market has been relatively sluggish. Last year, I basically didn’t do second-hand housing, and I mainly focused on new houses and apartments. There are also Linshen real estate. Last year, we left one or two people in our store to be responsible for the second-hand housing business.”
From the perspective of the market for the whole year of 2021, statistics from the Shenzhen Real Estate Information Network show that in 2021, a total of 40,699 second-hand housing units were sold in Shenzhen, a decrease of 57.3% from 2020 and a record low in the past 15 years.
In addition, according to the second-hand housing online signing data collected by the Shenzhen Real Estate Agency Association, in 2021, there will be 44,375 second-hand housing online signings (including self-service) in Shenzhen, a decrease of 63.1% compared to the 120,295 online signings in 2020.
Shenzhen is a microcosm of the real estate market in major cities in mainland China. Under the suppression of the CCP authorities, mainland real estate entered a cold winter last year, and in January this year, the real estate market continued its decline since last year. The sales ranking of the top 100 real estate companies released by the Swiss Research Center in January shows that the sales volume during the period was 525.6 billion yuan, down 39.6% year-on-year and 43% lower than the monthly average of last year. With the cooling trend, most real estate companies have poor sales performance.
Regarding the future real estate trend in mainland China, Yang Kan, chief analyst of Ping An Securities Real Estate, believes that the industry’s cash flow has not improved significantly, and the first and second quarters are the peak of overseas debt maturity. Real estate companies are more cautious in investing under financial pressure. At present, it is necessary to inject confidence into various market participants.
Commentator Wang Jian once analyzed the real estate situation in mainland China in his YouTube self-media program, saying that belief in mainland real estate has been shattered by the CCP. It turned out that people believed that buying a house would definitely make money was overwhelmed by the continuous fall in housing prices. Now people are afraid to pay for the falling property prices. It will take time to rebuild this belief, and it will take a long time.
Wang Jian suggested that people in mainland China should not buy a house unless it is just in need, and wait and see.
Responsible editor: Li Muen#