[The Epoch Times, 01 novembre 2022](Full report by The Epoch Times reporter Liu Yi)ShenzhenThe city recently released the “Shenzhen 2022 Housing Rental Reference Price”. Some commentators have stated that Shenzhen’s introduction of reference prices for housing rents is for theShenzhen real estate marketthe last nail on the coffin,ShenzhenThe city’s real estate market has lost its fundamental investment value.
On October 28, the Shenzhen Municipal Bureau of Housing and Urban-Rural Development of the Communist Party of China published the notice of the Shenzhen Urban and Real Estate Development Research Center on the release of the ” Reference price for housing rental in Shenzhen 2022 “on its official website. The notice said it needed to “improve the transparency of rental market prices” and provided a platform for querying rental reference prices.
According to Shenzhen News, the published rental reference price this time covers all districts of the city (including the Dapeng New District), including 4,319 communities (including 3,786 commercial properties, 318 unified properties and 215 commercial apartments), 2,042 private homes in the urban villages, 4,500 support dormitories in industrial parks and 6,702 industrial parks.
According to the “Times Weekly” report, the reference price of renting various types of housing in Shenzhen is between 29-154 yuan (RMB, the same below) / square meter per month. By division: Nanshan has the reference price for the highest rent and housingrentThe reference price of the rent is 109 yuan / square meter / month, the business apartment 154 yuan / square meter / month, and the Tongjian building 73 yuan / square meter / month. In relatively remote areas such as Guangming, Longgang, Pingshan and Dapeng, the reference price of commercial housing rental is 40-51 yuan / square meter per month. Among them, the market prices of Nanshan and Futian are slightly above the reference price, Longgang is flat, and the market prices of Luohu, Yantian and Baoan are slightly below the reference price.
“Daily Economic News” quoted Cheng Cheng, a Shenzhen tenant, saying, “If I follow this standard, where I live now, I can save about 1,000 yuan a month.”
Regarding whether a home rental reference price is market-binding, Li Yujia, lead researcher at the Guangdong Urban Planning Institute’s Housing Policy Research Center, said that the main role of the reference price of a house is rent is to establish the rental price of affordable housing and to establish constraints on the rent of rental housing in the market.
Ai Zhenqiang, lead researcher of the Mingyuan Real Estate Research Institute, believes: “This measure could cause a certain blow to second-hand owners, particularly the rental business model after renovation, because the price of the renovated apartments is higher. to that of refurbished apartments. There has generally been an increase of over 50% previously and the space to profit from the rent difference could be further reduced in the future. “
Some network users also disagree with Shenzhen’s release of reference prices for housing rents.
Netizen “Xiao Yuan” said: “It is boring, 500,000 decorations and 100,000 decorations, the rent is the same price?”
Netizen “zau_6z7” also said: “Can the second floor and the 20th floor have the same price?”
Guangdong netizen “Past events” said: “If there is no binding force, do not waste manpower and material resources on research.” Guangdong netizen “Mo Mo” said: “It is useless to do something.”
Some network users have also claimed that the authorities are interfering in the market in this way, which is contradictory. Netizen “a9ly2jo” said: “You guys are clamoring to be ‘market oriented’ again, and here you are looking forward to the ‘target price’ ~ Isn’t that a contradiction?”
Financial commentators believe that the Shenzhen authorities did this as a blow to the Shenzhen real estate market. Commentator Wang Jian said in his October 31 We-Media program that the measure has practically put the last nail in the coffin of the Shenzhen real estate market.
Wang Jian said that the two administrative measures, the reference price of used houses and the reference price of rent, have further destroyed the mechanism of the real estate market: the government has directly extended its hand to the market and directly distorted the market price The government has used administrative means to suppress the market price, and the market price may not reflect the market supply and demand situation, market participants cannot predict their investment returns, because the government changes the reference price at any time and as a result, participants finally leave the market. These two measures mean that the Shenzhen real estate market has lost its basic investment value.
Wang Jian further said that if this policy is extended to the whole country, it means that the Chinese real estate market will collapse.
In February 2021, the Shenzhen authorities were the first in mainland China to release the transaction reference price for second-hand housing in residential communities, which was linked to real estate loans, followed by some cities in mainland China. The administrative measure hit the second-hand market hard.
Responsible editor: Lin Congwen #
