Recently, the real estate market in Shenzhen has heated up.

Undoubtedly, this has injected a dose of encouragement into the homebuyers in Shenzhen.

Torch in the winter

The first spark was the emergence of a 'sunshine project' in the suburbs of Shenzhen.

The Dehong Yuan project in Wealth City, Pingshan Central, with 163 residences, with an average price of about 0.0404 million per square meter, opened swiftly on November 29.

As the fifth 'sunshine building' in Shenzhen's new housing market this year, it seems different from the previous four instances of sunlight.

Shenzhen's first four timeshare zones are Hyde Park A District in Futian Anto Mountain sector, Shenzhen Upper City School in Longhua Meilin Guan, China Resources Upper City School in Longqing Phoenix, and Shenzhen Iron Yuyunjing in Longgang Dayun.

These four timeshare projects are located in key sectors or locations in various areas.

While Phase II of Fortunecity is located in the central area of Pingshan, this timeshare is full of blind spots.

First, the project only serves as a "opening notice", and does not follow the sales steps of previous new housing launches in Shenzhen.

In the past, the general process of new housing launches in Shenzhen usually followed the public announcement of the sales plan - online intention registration - online data review and modification phase - public registration and notarization of intention registration list - room selection public test - formal room selection.

Basically, each step gives the homebuying group sufficient time to prepare.

However, Dehongyuan in Fortunecity only announced the opening notice, and the batches of registered customers and the opening selection time were concentrated on the same day (November 29).

Second, the project was approved for pre-sale of 613 residential units, but in reality only 163 residential units were actually launched for sale.

Third, there are 319 batches of customers who have registered their intentions in the project announcement, but the details of the registration list have not been published, and more than 800 people participated in the house selection on the project announcement site.

Fourth, the Nikko Qian project has given an unprecedented opening discount, with a recorded price of about 8.67%, an average price after discount of about 0.035 million/square meter, a unit price range of about 0.03 million-0.0429 million/square meter, and a total price range of about 2.27 million-5.93 million per set.

The second vigorous effort is that the Shenzhen real estate market stabilized in November, with the overall trading volume reaching a record high.

According to the data from the Shenzhen real estate information platform, in November, there were 8076 transactions of new residential properties and 7125 transactions of second-hand residential properties in Shenzhen, setting a record for transaction volume in nearly 49 months, once again stabilizing the balance of transactions of second-hand houses, and also showing that the transaction volume of new houses exceeded that of second-hand houses.

It can be seen that, under the strong stimulus of consecutive moves, whether year-on-year or month-on-month, the data of Shenzhen's real estate market in November has stabilized.

The continuous effectiveness of strong policies is a great encouragement to the market, indicating that the crucial November has given a satisfactory answer, and the upcoming policy expectations can take a breather.

If the volume remains high in December, the continuity of stabilization after the cessation of decline can be confirmed.

However, beneath the impressive volume, attention needs to be paid to the hidden details.

The most obvious detail is that the volume of new homes has exceeded that of second-hand homes, fundamentally due to price reductions in new homes.

For example, after the "9.29 New Policy", the real estate day prices of Suncon Real Estate Upper University in Shenye gave a 7% discount, such as the dark horse Zhongjian Guanyue Mingdi in the Guangming real estate opened at about 89% off, such as the Merchants Mingdi in Shekou with about 97% clearance, opened with a 7% discount, such as the Wealth City in Pingshan real estate, opened at about 86% off.

Behind the impressive clearance results are layers of stacked discounts.

The volume of transactions in the Shenzhen real estate market has added fuel to the fire, and a new compass has added fuel to the fire as well.

The third factor driving the Shenzhen real estate market is the first batch of shared ownership sales in Shenzhen.

Jiayu Fashion Garden (shared ownership housing) in Shajing District, Baoan District, announced the distribution of 1729 housing units at an average price of 23,740 yuan/square meter, the first shared ownership housing project in Shenzhen.

According to the "Management Measures for Shared Ownership Housing in Shenzhen," those who are over eighteen years old, have local household registration in Shenzhen, do not own a property in Shenzhen, have not transferred or divorced the property within 5 years, and have paid social security in Shenzhen for 5 years (or for newcomers, social security for 3 years) can apply.

According to the relevant regulations, shared ownership housing implements a closed circulation system. It is not allowed to transfer the purchased shared ownership housing within 5 years of purchase. If an application for repurchase is needed, the repurchase price will be determined based on the purchase price.

If the shared ownership housing has been owned for more than five years, the transfer price under closed circulation will be determined by negotiation between the buyer and the seller. However, if an application for repurchase is made, the repurchase price will be calculated as the purchase price multiplied by (1 + three-year benchmark interest rate of the People's Bank of China).

It is worth noting that, according to the management regulations, when applying for a shared ownership residence, it is not allowed to exchange, lend, rent out, transfer, mortgage, use for commercial purposes, change the function of shared ownership housing, or alter, expand, etc.

However, with the entry of nearly 2000 units into the market, Hongrongyuan Jiayu Mansion and Jiayu Jiuxi, as well as the entire Shajing ordinary commodity housing, are all facing tremendous pressure to be sold out.

On one hand, Jiayu Mansion residential area includes 6 plots, with 3 covering indemnificatory apartments, totaling approximately 4058 units, while the number of commodity housing units is 7337.

As of December 2nd, there are 485 unsold period houses in Jiayu Jiuxi (Blocks 8 and 9) and 876 unsold period houses in Hongrongyuan Jiayu Mansion (Blocks 1-6).

In addition, Jiayu Future Garden and Yue Zhang Fenghuangli will also be provided as shared ownership residences. The total number of shared ownership residences in these 3 shared ownership housing projects will be 4726 units.

On the other hand, although shared ownership residences are subject to closed circulation, buyers will have the right to price subsequent circulation after five years of ownership.

This provides a certain space for the sold-out of shared ownership residences.

In addition to the new indicator of shared ownership housing, the Shenzhen real estate market has also welcomed the most expensive land transaction in history.

So the fourth wave of heat in Shenzhen's real estate market is the birth of a new land king.

China Resources + China Overseas joint bid for the land parcel T107-0107 in Shenzhen Bay, with a transaction price of 18.512 billion yuan, breaking the historical record of land king in Shenzhen, equivalent to approximately 0.0704 million yuan per square meter of floor area.

This is the ninth billion-yuan land parcel in Shenzhen's history, which is 5.98 billion yuan more expensive than the 12.532 billion yuan of the China Overseas Supreme Headquarters in Shenzhen Bay.

According to cost pricing rules, future pricing needs to be around 0.1 million+ per square meter. Under the requirements of residential construction, the building height is limited to 200-250 meters, with a newly regulated construction area of 263,000 square meters, of which the residential area only accounts for 176,900 square meters, 16,590 square meters less than the residential area at the beginning of the China Overseas Supreme Headquarters development in Shenzhen Bay.

As for the initial development of the China Overseas Supreme Headquarters land parcel (T207-0060), the construction requirement was a newly regulated construction area of 207,660 square meters, with a residential area of 193,490 square meters. The transaction floor price was 0.0603 million per square meter, and the average price for sale of roughcast units was 0.1333 million per square meter.

Now, the floor price of the new land king is approximately 0.0101 million yuan per square meter higher than that of China Overseas Supreme Headquarters in Shenzhen Bay, and there are no sales restrictions. Shenzhen's new property market has also loosened its guidance prices.

This means that there is a very high probability of surpassing the selling price of the China Overseas Supreme Headquarters in Shenzhen Bay and becoming the new price ceiling for new properties in Shenzhen.

So, if next year's "King of the Buildings" in Shenzhen really enters the market in the future, I believe it will add fire to the market again and become a new trendsetter in Shenzhen's real estate sector.

At the same time, it is expected that the threshold for new developments in the Shenzhen Bay sector will become exceptionally high next year.

Author: Flying Sky Little Policewoman