(Yicai), Oct. 15 — A real estate project in Shenzhen sold out on the first day of pre-sales, a first for the southern Chinese city since the central government introduced stimulus measures to support economic growth and spur economic recovery. It became. real estate industry.
The project, located in the suburban area of Longhua, had 744 reservations as of Oct. 13, even though there were only 322 vacant apartments, Yitzai said, according to a person familiar with the matter. The average price per square meter was 76,000 yuan (US$10,700), and apartments were sold for 6 million to 8.9 million yuan (844,120 to 1.3 million US dollars).
On September 24, China introduced policies to support the real estate industry, including lowering mortgage interest rates to levels similar to those for new loans and lowering the minimum down payment for second homes from 25% to 15%. Subsequently, Shenzhen city allowed non-permanent residents to purchase real estate in the city, optimized zone-based housing purchase restrictions, and allowed eligible individuals to purchase multiple apartments in non-core areas, including Longhua City. .
The project is located in the same block as the project due to its proximity to high-end middle schools and Shenzhen North Railway Station, the selling price per square meter, which is the average of existing houses in the neighborhood, from 80,000 yuan to 110,000 yuan (US$11, $260 to $15,480). a real estate agent based in told Yicai.
The agency added that the lifting of restrictions on home purchases by the local government also contributed to the quick sale of the project. In fact, under the old policy, people without local permanent residence permits could not buy homes in big cities like Shenzhen.
Development rights for the project were acquired in June last year by Shumyip Group, a company affiliated with the Shenzhen municipal government.
Editor: Tang Shihua, Futura Costaglione
