Regulation of the property market in Shaoxing, Zhejiang has been upgraded again: "grid price control" is launched for the first time, and the sales restriction period is increased to 3 years

On June 3, Shaoxing City, Zhejiang Province issued the "Notice on Further Promoting the Stable and Healthy Development of the Real Estate Market in Shaoxing City" (hereinafter referred to as the "Notice"). The notice clarified policies such as purchase restrictions and sales restrictions, and proposed the "grid price control method" for the first time in the country, which means scientifically dividing grids within each region and reasonably setting grid price controls for commercial housing.

"Recently, the real estate market in Shaoxing has picked up, especially in subordinate counties and cities. Against this background, the Shaoxing municipal government has actively stepped up regulation and control, 'controlling house prices through grids, improving the linkage mechanism between house prices and land prices, "Restricting purchases and increasing the period of sales restrictions, these measures further consolidate the city's main responsibility for the stable and healthy development of the real estate market, guide the stability of market expectations, and promote the stable and healthy development of Shaoxing's real estate market," commented the senior vice president of the Zhejiang Branch of the China Index Research Institute.

Shaoxing is the first in the country to launch the "grid price control method"

According to the notice, the price of commercial housing in Shaoxing urban area (Yuecheng District, Keqiao District, Shangyu District) will be implemented on a grid basis For management and control, each district scientifically divides the grid according to the actual situation of the region, and reasonably sets the grid price control. In principle, grid division and price control are adjusted annually.

“Shaoxing has innovatively put forward the guidance of grid-based housing price control this time. This is a refined version of the one-city-one-policy idea, which helps to more accurately regulate housing prices in the regional market and truly stabilize the land. market and housing buying and selling market," Yan Yuejin commented.

“This is a reflection of the greater emphasis on precision in controlling housing prices,” Zhang Bo, branch director of 58 Anjuke Real Estate Research Institute, pointed out, “Shaoxing adopts a grid management method to control Yuecheng District, Keqiao District, Shangyu District, etc. Districts carry out precise regulation of housing prices. The method of network division may more accurately take into account the differences in different sectors, regional characteristics, housing quality, etc. The limiting standards of housing prices will be different and closer to the reality of the market. "

On the basis of implementing the "grid price control method", Shaoxing has further improved the housing and land price linkage mechanism. On the basis of the existing residential land transfer method of "limiting land price and competing for construction", and at the same time, based on the price control of the grid to which the plot belongs, a reasonable maximum price limit for residential land transfer is set. At the same time, high-quality requirements have been added to the transfer of residential land, and high-quality construction requirements and other provisions have been included in the transfer announcement.

“The linkage between house prices and land prices is very strong. Shaoxing’s policy will not only limit the price of new houses, but also put forward the requirement of ‘fixed quality’, which is rare in previous regulation. But how to better supervise 'quality' deserves attention," Zhang Bo said.

In addition, Shaoxing has also clarified purchase restriction policies and sales restriction policies. The notice proposes that the sale of new commercial housing to non-city registered residents who already own one or more houses in the urban area will be suspended; housing purchased in the urban area, including new and second-hand houses, must obtain a real estate certificate for three years before they can be transferred.

“It should be noted that this policy clause also states that residents with non-local registered residence are still allowed to subscribe for one house without paying social security. At the same time, there is no restriction on the purchase of second-hand houses. This also requires that subsequent second-hand houses be guarded against. There is speculation in real estate and other fields. The sales restriction policy mentions a three-year sales restriction period, which will help curb impulses such as short-term speculation." Yan Yuejin analyzed.

The heating up of the property market has triggered "increased regulation"

Shaoxing City is located in the southern wing of the Yangtze River Delta, between Hangzhou and Ningbo, and its geographical location is quite advantageous. This time, behind the introduction of Shaoxing’s property market control policies, it reflects the rapid rise in housing prices in Shaoxing.

According to data, starting in 2016, the average price of new houses in Shaoxing exceeded 10,000 yuan, and has been rising in the following five years. In 2020, the average price of new houses reached a high of 20,000 yuan/square meter. As of June 2021, On March 3, the average price of new houses in Shaoxing reached 254.34 million yuan/square meter.

Since this year, Shaoxing’s housing prices have accelerated. According to monthly statistics, in January this year, the average price of new houses in Shaoxing exceeded the high of 25,000 yuan/square meter for the first time, reaching 25,355 yuan/square meter. In the past May, the average price of new houses in Shaoxing reached 26,013 yuan/square meter.

This means that as a third-tier city in Zhejiang Province, Shaoxing’s housing prices have exceeded the average price of new homes in many central and western provincial capitals, such as Zhengzhou and Xi’an.

In terms of second-hand houses, according to the listing data of second-hand houses on Anjuke.com, as of June 3, the average price of second-hand houses in Shaoxing was 18,562 yuan/square meter, an increase of 0.09 from May and 0.09 yuan/square meter from last year. An increase of 14.47 over the same period.

Not only are housing prices rising in urban Shaoxing, but also in the counties under Shaoxing’s jurisdiction. Taking Zhuji as an example, Anjuke data shows that the average price of new homes is close to 15,000 yuan/square meter.

As a Zhejiang Province that “hides wealth among the people”, Shaoxing is also a typical prosperous city. In 2020, Shaoxing’s total GDP exceeded Shijiazhuang’s by 6.6 billion yuan, and the national city ranking increased from 37th to 36th. .

As real estate companies are optimistic about the property market in the Yangtze River Delta, many real estate companies entrenched in the Yangtze River Delta have chosen to move downwards, and Shaoxing has also become a popular place for real estate companies to acquire land. Since the beginning of this year, the land market in Shaoxing has been heating up, and many newly sold land plots have set new records for the highest land prices in the region. For example, in March this year, a low-density residential land was sold in Zeshui, east of Shaoxing City, with a cap price of 3.111 billion yuan in half an hour. In the end, Xiangsheng won the land with 3.111 billion square meters of talent housing and construction, and the floor price was as high as 27,818 yuan. /square meter.

Due to the overheating of the land market, Shaoxing has introduced real estate control measures in May, including increasing the supply of residential land, trial public sales through notarization and lottery, raising the pre-sale license threshold, and improving the real estate and land linkage mechanism. On the basis of the control policies in May, the policies introduced by Shaoxing this time are stronger and more precise.

“Controlling housing prices through the grid, improving the linkage mechanism of housing prices and land prices, restricting purchases, and increasing the sales restriction period. These ‘combinations’ will further promote the stable and healthy development of Shaoxing’s real estate market.” said a senior high school student.