Qian reported Hangzhou real estate
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Recently, an 89-square-meter house in West Lake International City on the Shell platform has aroused heated discussions among netizens. This house is located on the lower floors, and the current listing price is 2.42 million yuan, which is equivalent to a unit price of about 27,000 yuan. As the "10,000 people shake" red plate of the year, the transaction price of West Lake International City once exceeded 50,000 yuan/㎡ after delivery, and has been declining since then.
In fact, West Lake International City is just a microcosm of the "10,000 people shake" red plate. Chao News Better Life Research Institute sorted out the data and drew the price curve of second-hand houses in the red plate of "10,000 people shaking" on a quarterly basis.
Drafting: Lan Junzi
Q2 2021
It is the price top of the "10,000 people shake" red plate
If you use one word to represent the hottest period of Hangzhou's property market, it must be "ten thousand people shaking".
According to the statistics of Chao News Good Life Research Institute, from 2018 to 2021, there were 32 "10,000 people shaking" in Hangzhou, involving 20 real estate, distributed in the Future Science and Technology City, Sandun North, Qianjiang Century City, Liangzhu, Xingqiao, Yiqiao and other sectors.
Today, these 10,000-person shaking properties have been delivered. Most of the projects reached the highest point in home prices in the second quarter of 2021.
Source: ic photo
West Lake International City, located in the north of Sandun, entered the market for sale in 2018, with an average price of 23,254 yuan/㎡. Five pushes, three "10,000 shakes", the lowest winning rate is 1.5%. At the end of 2018, West Lake International City was delivered, when the Hangzhou property market was still soaring, and the price of second-hand houses in West Lake International City continued to rise, until the second quarter of 2021, the average transaction price reached 45,812 yuan/㎡, which doubled the price of new houses, and the unit price of individual houses exceeded 50,000 yuan. Since then, it has been declining, with an average price of 30,145 yuan/㎡ in the third quarter of this year, down 34% from its high.
Another county, Hongpan Wutong, has also experienced the same path. Since the first quarter of 2020, the average transaction price in Wutong County has increased by 1,000-2,000 yuan every quarter, until it reached a peak of 46,572 yuan/㎡ in the second quarter of 2021, which is more than double the average price of new houses of 22,777 yuan/㎡. After that, the price of second-hand houses in Wutong County also began to decline, falling by about 1,000 yuan/㎡ per quarter, and the average price in the third quarter of this year was 32,502 yuan/㎡, down 30% from the high.
And those real estate projects delivered after the second quarter of 2021, such as Xingfuli and Xixi Mansion, have not experienced a climbing process in second-hand housing prices, and basically "debuted at the peak", all the way down.
There is not much profit left in some red plates
Genesis yields are still as high as 78%
Due to the price limit of these "10,000 people shaking" red plate new houses, even after a downward cycle, most of the second-hand housing prices in the red plate still have an increase of 30%-40% compared with new houses.
However, there are also individual real estate prices that are close to the first-hand housing prices of the year. For example, Xixi Mansion will create a record of 60,000 shakers in 2020 and be on the national hot search. The average price of the new high-rise houses in Xixi Mansion is about 27,917 yuan/㎡, and the transaction price was as high as 41,500/㎡ when it was first delivered, and then it fell all the way. In the third quarter of 2024, the overall average transaction price of Xixi Mansion is only 28,874/㎡, which is very close to the purchase price of new houses.
Liangzhu's Heguang Chenyue has a total of 10 pushes, and the winning rate is all below 3%, of which there are 4 times "10,000 people shake". The average price of new houses is 25,470 yuan/㎡, which will be delivered at the end of 2021, and the average transaction price will reach 37,500 yuan/㎡ in the first quarter of 2022. Due to the late delivery time, Heguang Chenyue missed the hottest market in the first half of 2021. Today, the price of Heguang Chenyue has dropped all the way to 2, and the average transaction price in the third quarter of 2024 is about 26,900 yuan/㎡, which is only 1,500 yuan/㎡ more expensive than the first-hand house price.
The price of the new house in Sunac City, which has experienced two shakes of 10,000 people, is 18,833 yuan/㎡, and the transaction price after delivery is basically about 20,000 yuan/㎡. In the third quarter of this year, the average transaction price of Sunac City was 19,456 yuan/㎡, which was only a few hundred yuan different from the new house.
Source: ic photo
However, even after experiencing the huge impact of the market downturn, there are still individual projects in the red plate of "10,000 people shaking" to maintain high profit margins. The average price of new houses in Qianjiang Century City is 34,700 yuan/㎡, and the average transaction price in the second quarter of 2021 is as high as 79,451 yuan/㎡, and the transaction price of some houses exceeds 80,000 yuan. In the third quarter of 2024, the average transaction price of Genesis is 61,810 yuan/㎡, and the yield is still as high as 78%. This is because Genesis entered the market early and was priced low, while Qianjiang Century City has become the most popular sector in Hangzhou, and the price is relatively firm.
The other is the second phase of the excellent blue leader, the price of new houses is extremely low, the average price is only 14,780 yuan/㎡ at the opening, and the highest price has risen to 28,841 yuan/㎡. After continuous price reduction, the average transaction price is about 23,180 yuan/㎡, and the yield is as high as 57%.
Ren Sisi
Huang Lei
This article is the original manuscript of "Qian Bao Hangzhou Real Estate".
Reproduction without permission is strictly prohibited
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