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The optimization and adjustment of the "housing purchase restriction" policy has the property market in Beijing picked up?

author:Global Net Real Estate

Source: Beijing Youth Daily

On April 30, the Beijing Municipal Commission of Housing and Urban-Rural Development issued the "Notice on Optimizing and Adjusting the Housing Purchase Restriction Policy in the City", proposing that on the basis of the implementation of the existing housing purchase restriction policy, residents who already own housing that have reached the purchase limit will be allowed to purchase a new house outside the Fifth Ring Road. This also means that Beijing's housing purchase restriction policy, which has been implemented for 13 years since 2011, has ushered in the first adjustment.

Stimulated by the loosening of the purchase restriction policy, Beijing's demand for housing has gradually released. "After the policy was released on April 30, many customers came to Fangshan that night to inquire whether their situation was eligible." Some real estate agents said that the number of new inquiries in the week after the release of the policy increased by about 37% month-on-month, but most customers are still in the consultation stage, and the changes in showing and closing are not obvious, "The data in the first week of May was basically the same as the previous week. ”

Chen Wenjing, director of market research at the China Index Research Institute, said that allowing eligible residents to buy a new house outside the Fifth Ring Road to meet diversified housing needs is also conducive to promoting job-housing balance.

The proportion of transactions outside the fifth ring road of the market has increased significantly

"After the policy was issued, many customers came to inquire whether their situation was eligible." Liu Shiqiang, the person in charge of Vanke New Mileage Store in Beijing Lianjiafangshan District, introduced that this situation also continued after the "May Day" holiday, as of May 7, compared with the week before the policy was released, the number of new inquiries in stores increased by about 37% month-on-month, but at present, most customers are still in the consultation stage, and the changes in bringing and trading are not obvious, and the data in the first week of May is basically the same as the previous week, with a slight increase.

Gao Yuan, president of Beijing Lianjia Research Institute, believes that from the long-term perspective, the current residents' demand for housing has shifted from "whether it is good" to "whether it is good or not", and improved housing is more favored by the market, and in recent years, the supply of improved housing in Beijing is mostly concentrated in the area outside the fifth ring road, and the transaction heat and proportion outside the fifth ring road have a long-term growth trend.

"On April 30 this year, Beijing's purchase restriction policy was adjusted, and a series of policy combinations in the early stage were superimposed to inject warmth into the property market." Gao Yuan introduced that during the "May Day" period, the second-hand housing outside the Fifth Ring Road accounted for 40.3% of the city's transactions, compared with 33.9% in the same period last year and an average of 35.8% in April this year, and the proportion of transactions outside the Fifth Ring Road increased significantly.

Judging from the transaction situation of the tripartite agreement of Beijing Lianjia, the overall trading activity of the "May Day" market during this year's "May Day" holiday is higher than that of the "May Day" market in 2023. According to reports, there are two main reasons for the increase in the vitality of the "May Day" market this year, on the one hand, Beijing adjusted the purchase restriction policy on April 30, which stimulated the purchase demand of some improved customers, and the number of customer inquiries increased significantly. On the other hand, during this year's "May Day" period, the weather in Beijing continued to be sunny and cool, which was objectively conducive to the activities of home buyers.

Interpretation The new policy is conducive to promoting the balance between jobs and housing

This year's "Government Work Report" clearly states that it is necessary to "meet the needs of residents for rigid housing and diversified improved housing", and the diversified improved housing needs include the first reform, re-reform and high-end improved housing needs. This policy allows for an increase in the number of units restricted outside the Fifth Ring Road, which on the one hand can better meet the demand for diversified improved housing, and on the other hand, it is also compatible with Beijing's urban development plan.

Among them, as the southwest gate of Beijing, Fangshan is close to the functional core area of the capital, between the core area of Beijing and the Xiong'an New Area, which is the hinterland of "one core and two wings" and an important strategic area for the coordinated development of Beijing-Tianjin-Hebei. With the change of urban planning and the upgrading of regional functions, it has shown great potential for development.

It is understood that with the continuous improvement and upgrading of transportation, education and living facilities in Fangshan District, Fangshan District has not only attracted the attention of buyers who just need to buy houses, but also become an important undertaking place for population overflow in Haidian and Fengtai areas, the main urban areas in the west. From the perspective of supply, after the development, construction and development in recent years, in Fangshan, whether you just need to buy a house, improve your residence or choose a pension house, you want to find a cost-effective real estate, you have more choices. Changyang Town and Gongchen area, as the places with more follow-up land supply in Fangshan, are particularly worthy of attention.

Analysis There are still expectations for policy optimization

Chen Wenjing said that from the perspective of the distribution of the real estate market, the number of new houses outside the Fifth Ring Road in Beijing in recent years accounted for about 80% of the city's total, and the addition of 1 house purchase index outside the Fifth Ring Road is expected to drive the activity of the new housing market. Outside the 5th Ring Road, there are plenty of new homes to choose from.

She believes that the current purchase restriction policy in Beijing is still relatively strict, and from the perspective of supporting rigid demand and diversified improved housing demand, and from the perspective of the spatial pattern of the city's future development, Beijing's purchase restriction policy for different groups of people, different area segments, and different regions is still expected to be optimized in the future.

From the perspective of the market, since the beginning of this year, the Beijing real estate market as a whole has maintained a stable operation trend, the new housing market has a certain adjustment pressure, the second-hand housing market activity is relatively high, and the second-hand housing transaction volume in April exceeded 13,000 units. The smooth operation of the real estate market may mean that the overall pace of policy optimization of Beijing's property market will still be "gradual", and the restrictive policies that have been introduced in the past in the overheating stage of the market that are no longer in line with the current market environment may be the first to be optimized and adjusted.

Highlights The "far suburbs" stereotype is gradually being broken

From an environmental point of view, the green space in Fangshan District is still expanding. According to this year's Fangshan District Government Work Report, 24 indicators for the establishment of Fangshan National Forest City have been met, and 44 planning tasks have been completed. The butterfly change of the environment brings about the butterfly change of the livable environment of Fangshan District. The once "far suburbs" stereotype is being shattered. Fangshan District's transportation, education, and medical care are also ushering in unprecedented changes, bringing tangible benefits to the residents of the district.

Take the subway from Fangshan Changyang to Zhongguancun in the north and Guomao in the east, and it only takes one hour to count the transfer time. In recent years, in order to facilitate residents' travel and develop the regional economy, Fangshan District has not only more road networks, but also subway lines and intercity trains. Today's Fangshan, whether it is commuting to work or going around, the convenience of transportation has been greatly improved. Not only that, with the opening of the Beijing-Xiong Expressway to the Fifth Ring Road, Fangshan District is building Liangxiang East Road, which is interconnected with the Beijing-Xiong Expressway, and the planning level is the main road of the city, and after the opening, residents will be more convenient to travel.

From the perspective of educational resources, in addition to Beijing Primary School, Beijing No. 8 Middle School, and Beijing No. 4 Middle School, in 2022, the coverage of high-quality educational resources in Fangshan District will continue to expand, and Fangshan School of Tsinghua High School will officially open, and Fangshan Experimental School affiliated to No. 11 Fengxian School and Haidian Teacher Training School will sign a contract to settle in Fangshan. In 2022, there will be 1,975 new primary and secondary school places in the district, the coverage rate of inclusive kindergartens will be 96%, and the national compulsory education quality monitoring results will be at the middle and upper level of the city. In 2023, Fangshan District will also add 2,660 new primary and secondary school places.

Fangshan has also improved rapidly in terms of shopping and leisure. According to the "Research Report on the Vitality of Beijing's Business District" released by the Beijing Municipal Bureau of Commerce, Changyang business district ranks fourth in the city, second only to CBD, Wangfujing and Sanlitun business districts. After two phases of construction, Capital Outlets has more than 300 stores and more than 2,000 parking spaces; Xiyue Tianjie, which is adjacent to Liangxiang University Town, has gathered nearly 300 preferred brands; Fangshan Impression City, which is surrounded by multiple communities, has more than 200 stores that can meet the diverse shopping needs of citizens.

This group of articles/this newspaper reporter Song Xia co-ordinator/Yu Meiying