The strict purchase restrictions in Beijing have opened a hole.

In early December, a developer in Baoding, Hebei Province could not hide his excitement and announced with great fanfare that "no purchase restrictions!"

A real estate advertisement obtained by the reporter of "Daily Economic News" shows that the "unrestricted purchase" here refers to "unrestricted purchase of ultra-low energy consumption housing", and it also has large red letters attached.

After some searching, the reporter did find this document titled "Baoding City's Implementation Plan for Comprehensively Promoting the Development of the Passive Ultra-Low Energy Building Industry" on the official website of the Baoding Municipal Housing and Urban-Rural Development Bureau, and read it carefully Later I discovered that there were a lot of heavy-handed statements in it.

Source: Baoding Municipal Housing and Urban-Rural Development Bureau official website

For example, the purchase of passive ultra-low energy consumption commercial housing is not subject to the restrictions on regional commercial housing purchase restrictions.

To a larger extent, this means that some areas of the property market around Beijing have seen conditional relaxation of restrictions.

Not subject to regional commercial housing purchase restrictions

Baoding’s document, published on November 30, aims to “comprehensively promote the sustainable and healthy development of the passive ultra-low energy building industry ", proposed that "200,000 square meters of passive ultra-low energy consumption buildings will be started in the city in 2021, and the number will increase at a rate of no less than 10 per year from 2022 to 2025."

The more important words are these. "The purchase of passive ultra-low energy consumption commercial housing is not subject to the restrictions on regional commercial housing purchase restrictions." This means that in some specific projects in Baoding, purchase restrictions no longer exist.

The document also provides financial guarantee for the purchase of passive ultra-low energy consumption commercial residences, stating that "if a housing provident fund loan is used to purchase a passive ultra-low energy consumption residence for self-occupation, the loan limit will increase by 20%."

There is another sentence that is easily overlooked: "Gaobeidian City, Zhuozhou City, and the High-tech Zone are accelerating the construction of passive ultra-low energy-consumption building residential communities on a large scale. By 2023, the construction scale will reach 480,000. square meters, 180,000 square meters, and 240,000 square meters.”

You must know that Gaobeidian City and Zhuozhou City are both relatively close to Beijing. The former is less than 60 kilometers away from Fangshan District, Beijing, and the latter is less than 60 kilometers away from Beijing’s Fangshan District. It is connected to Beijing, and there will be no purchase restrictions on houses of this size in both places.

It is expected that the overall unrestricted residential area in Baoding City will further increase. The document states: "By 2022, the land area for passive ultra-low energy buildings in the main urban area will be no less than 25% of the total land area for construction in that year. In 2025, the land area for passive ultra-low energy buildings will account for no less than 30% of the total land supply for construction that year. "

At the same time, home buyers will also benefit from the area of ????their homes, the document said: "In progress. During the prediction and actual measurement of the house, the area of ??the insulation layer that exceeds the current energy-saving design standards will be reduced during measurement and calculation, and will not be included in the registered building area, which will benefit home buyers and enhance residents’ acceptance of passive ultra-low energy buildings.”

The so-called passive ultra-low energy consumption buildings, according to the "Technical Guidelines for Passive Ultra-low Energy Consumption Green Buildings (Trial)" issued by the Ministry of Housing and Urban-Rural Development, passive ultra-low energy consumption green buildings refer to adapting to climate characteristics and natural conditions. Envelope structures with higher thermal insulation and air-tightness properties adopt efficient fresh air heat recovery technology to minimize building heating and cooling needs, and make full use of renewable energy to provide a comfortable indoor environment with less energy consumption. Buildings that meet the basic requirements for green buildings. According to the document, the demand for heating and cooling in passive ultra-low energy buildings is significantly reduced throughout the year, and the energy saving rate of buildings in severe cold and cold areas reaches more than 90%. Compared with the current national energy-saving design standards, heating energy consumption is reduced by more than 85%.

“Many real estate companies have given up their fantasies long ago”

A salesperson from a passive commercial housing project (Love City) in Baoding told reporters: “It is true that purchases of non-local household registration have been liberalized, but Provident funds from other places are not available. Our unit price here is 13,000 yuan/square meter, and the house will be delivered with fine decoration in 2024.

"

But it can be heard that he actually recommends other houses in the same project: "We have several phases of real estate here. Because it is high-tech, energy-saving and low-consumption, it is more expensive than other houses in the same community. It’s more expensive, and you can also choose a non-passive house at a slightly lower price. ”

Yan Yuejin, Research Director of the E-House Research Institute Think Tank Center, believes: “This loosening of restrictions is reflected in two points, including the cancellation of price limits and purchase restrictions, which fully reflects the orientation of encouraging this type of housing transactions. According to Baoding’s purchase restriction policy, non-resident household registration required three years of social security in the past to subscribe. The new policy will obviously help promote transactions in this type of housing and also benefit developers’ project sales. In view of the central government’s clear support for the commercial housing market on December 6, there is relatively little resistance to the relaxation of the passive house purchase restriction policy, and other cities may follow suit. ”

Like many areas in the Beijing real estate market, Baoding’s housing prices have been declining after experiencing a high point in 2017.

According to 58 city Anjuke data, Baoding’s housing prices dropped in 2016 There has been a significant increase in housing prices, with house prices rising from 7,268 yuan/square meter in January of that year to 10,151 yuan/square meter in December. Later, in July 2017, Baoding house prices exceeded 15,000 yuan/square meter.

Since then, the implementation of the purchase restriction policy has suppressed the momentum of rising housing prices.

In March 2017, Baoding City issued the "Opinions of the Baoding Municipal People's Government on Strengthening the Regulation of the Real Estate Market", suspending sales to the main urban area. In May of that year, foreign residents who already owned more than one property were required to provide local social security or tax certificates for more than 3 years when purchasing new commercial properties.

After the implementation of the policy in 2017. Baoding housing prices began to decline in August. According to data from 58.com, the current housing prices in Baoding are approximately 9,496 yuan per square meter, a drop of 30% from the higher levels. Today, many netizens are not optimistic about Baoding housing prices.

Data source: Anjuke

According to statistics from the China Index Institute, from January to November 2021, Baoding has launched a total of 274 residential (including comprehensive land) land projects, with a planned construction area of ??20.648 million square meters. , an increase of 15.5 compared to the same period last year; the average floor price was 2061.6 yuan/square meter, a year-on-year increase of 32.3; in terms of premium rate, only July in the first eleven months had an overall transaction premium rate of more than 10, and the land parcels in most months were Transactions were made at the lowest price, and "the land market has continued to decline since the second half of the year."

However, a real estate company official has a cold attitude towards the policy: "Baoding's targeted lifting of purchase and price restrictions is very powerful. On the one hand, it can Understood as working towards the dual carbon goals, to a certain extent, it is also a test of loosening restrictions on the property market in the current market environment. However, the cost of passive houses is higher than that of ordinary houses. It is difficult to say whether this policy can really stimulate real estate companies to acquire land, because the logic of companies to acquire land still depends on the city’s fundamentals, and many real estate companies have long given up their illusions. To live in a house without speculation means to live in a house without speculation. ”