After Beijing house prices rose by 66% in more than a month, house prices in Shanghai, Shenzhen and Suzhou rose by 50% in eight months!
Three days ago, I published "Just over a month, the house price of this real estate has soared by 52%, will the house price in Beijing go against the sky?" The article introduced the 50-year property rights office building of Jianxin Zhongguancun Reits (stock code 508099) issued by the Securities Regulatory Commission, a house speculation fund, which soared by 52% in just over a month, from 16,400 per square meter to 25,200.
As a result, only three days after the publication of the article, the real estate once again soared, as of noon today, the half-day increase reached 3.85%, the house price rose to 27,300 per square meter, and the cumulative increase of more than a month reached 66%, so that the national speculators under the leadership of the SECURITIES Regulatory Commission raised the fifty-year property rights office building in Beijing Zhongguancun Software Park from only 16,400 yuan before the opening price of 54 days ago to the closing price of 27,300 yuan at noon today, and at the same time the price increase of 10,900 yuan per square meter, the rental return rate also fell from 4.5% to about 3%.
Jianxin Zhongguancun trend chart
So, in addition to Beijing, other real estate has also risen?
Let's take a look at another Shanghai housing fund issued by the CSRC to speculate in the house, that is, Hua'an Zhangjiang Everbright Industrial Park (stock code 508000), the corresponding real estate is located in the Shanghai Zhangjiang High-tech Park Everbright Industrial Park 50 years office building, with a total area of 50,000 square meters, Divided into 443 million copies, in June last year, each issue price was 2.99 yuan, a total market value of 1.32 billion yuan, the corresponding opening price of 26,400 yuan per square meter, as of today's noon closing price of 4.417 yuan, corresponding to the total market value of 1.95 billion, equivalent to house prices of 39,000 yuan per square meter, an eight-month increase of 48%!
Hua'an Zhangjiang Everbright Industrial Park
There is also the Boshi Merchants Shekou Industrial Park in Shenzhen (code 180101) and the East Wu Suyuan Industrial Park (code 508027) in Suzhou with an average eight-month increase of about 50%.
So, will it continue to rise? First of all, we must understand the essence of these speculative funds.
Reits is to completely separate the ownership of the real estate and the right to use, the standardized separate ownership with lease (that is, call options) in the stock market can be traded arbitrarily, can only speculate on the ownership can not speculate on the right to use, that is, the real economy in the purchase restriction and sale of the limited price of the real estate in the virtual economy of the stock market can be unlimited purchase unlimited sale unlimited price transaction to obtain liquidity premium, instead of the land transfer of the new national financing tool.
That is to say, you speculate on the property rights of the house (the right to bring benefits), but you can't change the right to use, and you can't drive away the right to use the right when the property rights are changed, so the state allows the public speculation, and opens a Separate Reits section, so that the speculators throughout the country can come to speculate in the houses that have issued houses that have issued house speculation passes in these countries.
In order to encourage everyone to speculate, these houses were originally limited to purchase and sales, and the transaction tax was very high. Now the purchase restriction and sale limit price limit have been abolished, and all transaction taxes and fees have been waived, so that everyone can speculate on this kind of house that has stripped off the right to use.
The state allows these houses to be legally speculated, the reason is that there are still a large number of such houses to be listed, because each local government has a large number of industrial parks, all need financing, so first take out a small amount of pilot, and then the market can be listed in large quantities.
Just like when the property market is hot, then the land is immediately taken over at a high price, and once the property market is sluggish, then the land is immediately auctioned.
Later, we will continue to introduce you to the details of how to replace the land transfer fee with Reits. Welcome to continue to follow.
