Mini Program: Daily real estate industry dynamics summary

1. New policy in Luoyang real estate market: pilot implementation of "housing ticket" system in shantytown renovation projects, lottery for house purchase with a maximum prize of 500,000

The Office of the People's Government of Luoyang City, Henan Province, issued a notice on the issuance of several measures to further promote the stable and healthy development of the real estate market in Luoyang. Implement financial subsidies for transaction deed tax. Increase support for provident fund policies. Carry out preferential housing purchase activities with awards instead of subsidies. Carry out preferential housing purchase activities in the central urban area. From January 1, 2024, a lottery will be held when 2,000 new commercial residential houses and apartments are signed online (in principle, no more than 3 periods). Each lottery will have 1 special prize (award 50% of the purchase price in cash, up to 500,000 yuan), 5 first prizes (200,000 yuan in cash), 10 second prizes (100,000 yuan in cash), and 30 third prizes (50,000 yuan in cash). (Dahe Daily)

2. Zhangzhou, Fujian: If parents have an existing house with an elevator installed, they can withdraw the provident fund for themselves, their spouse, and their children.

On the 2nd, the Housing Provident Fund Center of Zhangzhou City, Fujian Province, issued the "Reply of the Zhangzhou Housing Provident Fund Management Committee on Optimizing the Housing Provident Fund-Related Policies in Our City". The optimized document will be implemented from December 29, 2023. Zhangzhou City will also optimize the housing provident fund withdrawal policy for adding elevators to existing residential buildings. For residents of old urban communities in Zhangzhou City who withdraw housing provident funds for the installation of elevators in their own homes, the policy support scope is expanded to include the withdrawal of housing provident funds for the installation of elevators for themselves and their spouses' parents. The withdrawal of their parents' housing provident funds for the installation of elevators in their own homes is not within the scope of this policy support. After the adjustment, parents who install elevators can not only withdraw their own and their spouse's housing provident funds, but also their children (including their spouses); children who add elevators to their own homes can only withdraw their own and their spouse's housing provident funds, but cannot withdraw their parents' housing provident funds.

3. Shandong Heze: Adjust the phased policy of the down payment ratio of provident fund loans to a regular policy

The Housing Provident Fund Management Committee of Heze City, Shandong Province, issued a notice on adjusting the housing provident fund personal housing loan policy. The notice adjusted some phased loan policies to regular policies, and further increased policy support for the use of housing provident funds by families with multiple children and prefabricated housing provident fund loans. At the same time, Zibo City adjusted the phased policy of the down payment ratio of provident fund loans to a regular policy. The original "depositors who meet the conditions for provident fund loans in Heze City, when purchasing the first home, the down payment ratio will be adjusted from no less than 30% of the total house price to 20%, and when purchasing the second home or re-trading the home, the down payment ratio will be adjusted from no less than 40% of the total house price to 30%" The clause is valid until December 31, 2023, and will be implemented from January 1, 2024 after the adjustment.

4. Hainan plans to optimize the housing provident fund "deposit-loan linkage" and the minimum loan amount for a couple to deposit is 400,000 yuan

The Hainan Provincial Housing Provident Fund Management Bureau recently issued a notice on soliciting public opinions on the "Notice on Adjusting the "Deposit-Loan Linkage" Policy for Housing Provident Fund Personal Housing Loans (Draft for Comments)". The implementation scope of this policy is that when a contributing employee family purchases, builds, rebuilds, or overhauls a self-occupied house in the administrative area of ​​Hainan Province and applies for a second housing provident fund loan, the actual loan amount is calculated according to the "deposit-loan linkage" policy, provided that they have the ability to repay the principal and interest of the loan. According to the policy, the loan amount = average daily deposit balance × "deposit-loan linkage" multiple × individual loan rate adjustment coefficient. For the minimum loan amount, if the contributing employee family has the ability to repay the principal and interest of the loan, if the loan amount calculated by the "deposit-loan linkage" of the housing provident fund deposited by one party is less than 300,000 yuan, it shall be calculated as 300,000 yuan; if the loan amount calculated by the "deposit-loan linkage" of the housing provident fund deposited by both spouses is less than 400,000 yuan, it shall be calculated as 400,000 yuan.

5. Hong Kong property market sentiment improves, property sales contracts rise for two consecutive months

The Land Registry of the Hong Kong Special Administrative Region Government announced on the 3rd that a total of 3,764 contracts for the sale and purchase of all types of buildings were submitted to the Land Registry for registration in December 2023, an increase of 6.6% month-on-month, marking two consecutive months of increase.

6. Shenzhen's judicial auction housing listings increased by more than 23% year-on-year, with luxury homes in high demand

Monitoring by the judicial auction database of China Index Academy shows that from January to November 2023, the number of judicial auction houses in Shenzhen continued to maintain double-digit growth, with 3,922 judicial auction houses of various property types, a year-on-year increase of 23%. In terms of transaction rate, the transaction rate of judicial auction houses in Shenzhen reached 40.59% from January to November, a year-on-year decrease of 1.58%, but much higher than the national average (19.2%). The transaction rate of judicial auction houses in Shenzhen rose for three consecutive months in the first quarter of 2023, and then began to decline. In July and November, the transaction rate of judicial auction houses rebounded twice to varying degrees, which was related to the introduction of a relatively strong real estate stimulus policy at that time. For example, in November, a series of heavy policies such as reducing the down payment ratio and optimizing the identification standards for ordinary housing were implemented one after another, and market confidence has warmed up.

7. Shenzhen property market ends two consecutive declines: the number of second-hand housing transactions in 2023 will increase by nearly 60% year-on-year

With the continuous "loosening" of credit policies and regulatory policies, Shenzhen's real estate market has bottomed out in 2023, with a total of 64,389 first-hand and second-hand residential transactions, a year-on-year increase of 14.7%, ending the "two consecutive declines" trend. According to the second-hand housing data collected by Shenzhen Real Estate Association, in 2023, Shenzhen's second-hand housing records (including self-service) (the record refers to the data collected by Shenzhen Real Estate Association based on the initiation time of the second-hand housing sales contract, not the final number of transactions) 42,574 units, compared with the record of 26,853 units in 2022, a significant increase of 58.5%, but compared with the average annual level of 70,000 to 80,000 units before the epidemic, there is still a big difference. (The Paper)

8. Greenland Group: A total of 29.27 million square meters of land was delivered throughout the year

Data released by Greenland Group shows that the total area delivered in the whole year was 29.27 million square meters, about 280,000 units. The delivery volume in many key regions was leading, among which the delivery area in Northwest China and Zhejiang regions exceeded 3 million square meters in the whole year, and the delivery volume in five important regions such as Central China, Shandong, Jiangsu, Shanghai and Southwest China reached 2 million square meters in the whole year, and the delivery volume in many other regions exceeded 1 million square meters.

9. Changsha sold two residential plots at a reserve price of 1.9 billion yuan

Changsha welcomed two residential land plots for sale. According to the transaction results, both plots were sold at the reserve price, with a total transaction amount of about 1.9 billion yuan. The two plots are located in Tianxin District and Furong District respectively, with a total transfer area of ​​190,300 square meters. (The Paper)

10. Manhattan home prices rise for the first time in more than a year, showing early signs of a market rebound

Manhattan home prices rose for the first time in more than a year, with soaring high-end home sales driving the market and falling mortgage rates setting the stage for a full rebound in 2024. The median amount of completed transactions in the fourth quarter was $1.16 million, up 5.1% from a year ago, according to appraisal agency Miller Samuel Inc. and brokerage firm Douglas Elliman Real Estate. Data from the two companies showed that this was the first year-on-year increase since the third quarter of 2022. Although overall transaction volume declined, sales of homes worth $5 million or more surged in the fourth quarter. During this period when mortgage rates once climbed toward 8%, more than two-thirds of Manhattan buyers paid cash, the highest level since Miller Samuel began tracking the indicator in 2014.

The article is forwarded from: Jinshi Data