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Original Title: New Homes Are Cold and Second Hand Homes Are Continually Falling Down! Why has the real estate market cooled down in this “stronger prefectural-level city”?
Jiangsu Suzhou is one of the top ten cities in China’s GDP and is known as the “strongest city at the prefecture level”. The property market in major cities in the Yangtze River Delta has maintained a certain degree of enthusiasm this year, but news of falling house prices has spread in Suzhou. What are the house prices in Suzhou this year? How is the transaction?
Suzhou: Second-hand house prices drop slightly month-on-month, transactions are shrinking significantly
In Suzhou Old City, due to building height restrictions, there are older houses nearby. The reporter visited nearby residents and many real estate agents and learned that both the sale price and the transaction price of second-hand homes have fallen this year.
Real Estate Agency in Gusu District, Suzhou, Jiangsu: Obviously I feel that the current price is cheaper than when I just got back from work. For example, a house in a well-decorated community may sell for 25,000 per square meter in spring, and now it sells for 23,000 per square meter.
The reporter returned to Suzhou Donghuan, and the nearby real estate agency also said that many second-hand home prices have fallen this year.
Real Estate Agency in Wuzhong District, Suzhou, Jiangsu: It belongs to the East Ring Road. Currently, the owner of this community has reduced the price of the houses further. Because there is no school district here, everyone lives alone. Approximately 27,000 per square meter.
Real estate agents said that house prices in popular school districts continue to rise, but houses in non-school districts, including those in Gusu district, Wuzhong district and industrial park, have fallen by varying degrees. In terms of prices, according to Lianjia data, the listing price of second-hand houses in Suzhou this year has shown a slight month-on-month decline, from almost 28,000 yuan in February to more than 24,000 yuan in November. In terms of transactions, the volume of second-hand housing transactions in the Suzhou property market this year is even more deserted.
Yan Yuejin, Research Director of the Think Tank Center of the E-House Research Institute: In November 2020, the number of units sold was 5,965, which is the level of 5,000 units. You can see from the histogram that 2019 was a high, when it was close to 13,000 sets. This volume in 2020 is almost half of last year’s peak.
Suzhou: supply exceeds demand, new property sales are low
In fact, in 2019, Suzhou’s real estate market was very hot, and the popularity was once among the best in the country. And this year, not only second-hand housing, but also new home sales are cold, too.
In a new building in Xiangcheng District, Suzhou, the sales office staff said that now they can enjoy many preferential policies, such as down payment installments, that is, the initial payment can also be paid in installments, and in addition , you can also enjoy a price discount.
New Real Estate Consultant in Suzhou, Jiangsu: The price is almost 400,000 cheaper than the record price. This is the only time. To be honest, before, customers were buying almost 200,000 more expensive than they are now, because there has never been such a price before.
The reporter learned that recently some new real estate properties in Suzhou are offering different forms of discounts. Market participants said that it is normal for developers to run discounts and promotions at the end of the year to improve their performance. Disguised price reductions are not uncommon. In addition, like many cities, there is also the phenomenon of inverted second-hand housing prices in some sectors of Suzhou.
According to data from research institutions, the average transaction price of new commercial residential buildings in Suzhou this year was 26,294 yuan per square meter, and the supply of new houses was 86,851, while the number of transactions was only 64,649. . The supply of more than 80,000 games and the transaction of more than 60,000 games clearly showed an oversupply situation. This year, the real estate market policies of many cities in the Yangtze River Delta are in a state of tightening, that is, the market is relatively hot, such as Hangzhou, Ningbo, Xuzhou, etc. Analysts pointed out that the main reason for the decline in popularity of Suzhou real estate market may be the biggest increase in 2019. Callback appears.
Yan Yuejin, research director of the Think Tank Center of the E-House Research Institute: This is a market cycle adjustment, which is a normal phenomenon. In fact, Suzhou has experienced a wave of real estate speculation and a wave of hot market transactions. However, from 2019 until now, the market must have been overdrawn, so cooling is also objective.
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