Pre-sale zero application has implications

The shortage of housing supply has always been a problem faced by the government

Since the outbreak of social movements for nearly half a year, many issues of people’s livelihood have often been ignored, especially the issue of land supply.

In order to solve the basic problem of severe shortage of public housing supply, the government made an idea for private land and changed the public-private ratio from June Fourth to July Three, which directly reduced the supply of private residential land in the short and medium lines. The amount of construction is reflected, and the developer also adjusts the sales speed of the property on hand and the pace of applying for pre-sale in accordance with the soil storage in hand and the expected supply of land for sale in the future.

For sale last month fell to 6,200 units

In the past month, the application for pre-sale of new buildings recorded zero applications, the second time in 4 months. As two projects were approved for pre-sale during the period, the number of pre-sale units for approval was reduced to more than 6,200 units. This is the lowest level in the past 5 years.

A rough estimate is that there are currently more than 10,000 unsold stocks

These will be the actual supply in the next 9 months to 1 year. However, it is worth noting that in the first 11 months of last year, new buildings were completed. The number of units was about 12,900 units, which was 20,400 units compared with the government’s original expectation, which was only 63% of the target, reflecting that not only the number of units available for sale in the market decreased, but the actual number of units completed had fallen significantly.

In addition, the new land sale plan announced by the government recently also shows that the amount of land sales this year has not reached the standard, and this standard has been adjusted to a “seven to three ratio” figure. Therefore, no matter whether it is short, medium and long term, The supply of the market is greatly discounted. If the demand for residential properties has not fallen sharply, developers will not have to rush to se


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