The Quanshuihe affordable housing project has been cancelled, is it reliable for the "national team to collect housing" in the future?

May talks

2024-05-27 14:35Published in Liaoning

Recently, two project announcements from Liaoning Construction Engineering Information Network have attracted the attention of many people.

The EPC general contracting project of all seven plots of affordable housing on the banks of the Quanshui River in Ganjingzi District has been cancelled, and the tenderer is Dalian Guofang Lejia Real Estate Co., Ltd.

This means that the once sensational Quanshuihe affordable housing project has been officially cancelled.

The Afterlife and Present of the Quanshui River Affordable Housing Project

The Quanshuihe affordable housing project was once one of the key livelihood projects announced by Dalian in 2024. It is the first batch of affordable housing construction projects in Dalian.

Renderings of the Quanshui River affordable housing project

The project is located in the east of Huiquan Road, west of Guangming Road, south of Quanshui River, north of Zhonghua Road B2, B3, B4, B6, C1, C2 and D3, developed and constructed by Dalian Guofang Lejia Real Estate Co., Ltd.

The project covers an area of about 108,700 square meters, with a total construction area of about 324,500 square meters and a total investment of about 2.233 billion yuan.

The Quanshuihe affordable housing project plans 3,084 sets of affordable housing, with 5 types of apartments ranging from 48 square meters to 100 square meters, which will be placed to eligible security objects in accordance with the principle of guaranteed capital and small profits. At that time, the announced price would be between 7,500-9,850 yuan/㎡.

The Quanshui River affordable housing project has caused heated discussions

As one of the first batch of affordable housing projects in Dalian, many people have been very interested in the Quanshui River Guarantee Project since the day it was announced, and even consulted what conditions can be moved in.

This year, the central bank and the Ministry of Housing and Urban-Rural Development also mentioned in many meetings that it is necessary to accelerate the construction of affordable housing projects and increase policy support.

But the project also raised a lot of questions at the time:

First of all, there are still several projects for sale next to the project, most of which are brand developer projects, and there are also high-end villa products such as Dahua Ziyue Mansion. However, will the establishment of affordable housing projects next to villa products seriously affect the sales rhythm of normal commercial housing projects in the surrounding areas to a certain extent?

Secondly, the minimum starting price of the affordable housing project is 7,500 yuan/㎡, and in the current market environment, even in the main urban area, the starting price of some commercial housing projects has been lower than this price, such as the Chengtou Xinyue Harbor in the Dalian Bay sector, the starting price has reached 6,480 yuan/㎡.

So, is the spring water affordable housing project no longer quite suitable for the current market situation?

Third, it can be seen from the planning map that the Quanshui River guarantee project not only has high-rise buildings, but also has western-style housing products, and is no different from the mainstream commercial housing projects in the current market from the perspective of house type.

Moreover, the construction area of the project has reached 320,000 square meters, which is completely the scale of a large community. So in the current situation that many commercial housing projects are slowly decentralized, will the sudden entry into the market of an affordable housing project that is almost the same as commercial housing seriously affect the normal decentralization of other projects?

Therefore, it is difficult to say whether the cancellation of the Quanshuihe affordable housing project is related to the above three questions.

The future road of the affordable housing project: the national team will directly take over the house

Now that the Quanshuihe affordable housing project has been cancelled, and the current increase in the construction of affordable projects is a policy that the central government has been focusing on in recent years.

The security project, as the name suggests, is to ensure the housing needs of residents, and in today's urbanization and the continuous development of commercial housing, many people's needs are no longer to have a house to live in, but how to live better.

At this point, many development companies have already taken the lead. At present, there are two main types in the Dalian market:

First, sell the old for the new.

Before May Day, the Dalian Real Estate Association had launched an initiative to encourage "trade-in".

This method is mainly initiated by the development enterprise, and the joint intermediary third-party agency sells the customer's second-hand house within the specified time limit, and then purchases the designated new housing project, which can obtain a certain amount of discounts.

This method can be regarded as the least expensive and simplest way for developers and intermediaries. But it's actually the least effective form of it.

The main problem in the current market is the difficulty in the circulation of second-hand houses, and many customers with replacement needs have the pain point that their excess real estate cannot be sold and cannot be sold at a price.

The sale of the old for the new only encourages everyone to actively sell the house, but in fact does not fundamentally solve this pain point, many homeowners still can't sell their houses and can't carry out subsequent replacement.

Second, the direct replacement type.

Earlier this year, some projects in Dalian had already introduced an "old house replacement" policy, whereby customers take out their old houses and then the developer evaluates them through a third-party appraisal agency. After that, it will be directly deducted from the total payment of the new house.

This method is more straightforward than selling the old for the new, and the homeowner does not have to worry about whether his house can be sold within the specified period, and at the same time, he can directly exchange it for the new house of his choice.

However, this kind of policy is also a great test for development enterprises, how to subsequently realize a large number of stock assets, and the policy is still limited to a single project, and cannot be rolled out on a large scale.

Third, state-owned assets acquisition.

The direct acquisition of stock housing by state-owned assets is actually a metamorphosis from "exchanging the old for the new".

As of mid-May, more than 60 cities across the country have begun to carry out "trade-in" pilots.

The scope of the pilot has gradually spread from third- and fourth-tier cities to first- and second-tier cities, with Shanghai, Shenzhen and Guangzhou all joining in. Among them, no less than 15 cities are in the form of direct acquisition by state-owned assets.

Many people don't understand the matter of the national team's direct acquisition, and even feel very unfamiliar.

In fact, the operation is also very simple, owners who want to change houses only need to register the old house, select the new house, wait for the appraisal, and then sign the contract after they are satisfied with the new house.

In this way, buying and selling are completed through the official platform, and the approval process is fast, which does not only have to worry about the security of the payment, but also greatly improves the efficiency of replacement, and basically does not have to wait for long.

Moreover, the current acquisition policies of some cities have more humane considerations.

For example, Taicang, Jiangsu Province, allows owners of old houses to keep their old house degrees for a certain period of time to facilitate their children's schooling, and can also buy multiple old houses together and then exchange for new houses.

Nanjing even considered that after the old house owner's house was acquired, there was no place to live in the short term, and it was allowed to continue to rent in the old house.

The acquired house can be used as affordable housing, or even handed over to a leasing agency for operation and trusteeship to obtain income.

It can be said that the "national team" directly goes to the field to collect the house, which is the main way to explore the future affordable housing.

First of all, it can directly solve the problem of slow circulation of second-hand housing, and directly activate a large number of customers with replacement conditions to enter the market, so as to continue to bring a lot of demand to the market.

Secondly, it can digest a large number of idle properties in the local area and improve the utilization rate of real estate.

Thirdly, the main purpose of the acquired house is to provide a good place to live for urban graduates, all kinds of talents and migrant workers.

At present, Dalian's "national team acquisition of stock housing" is still in the blank, and I hope that we can also embark on this road of exploration in the future.

Source: Tongyuan property market

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