My wife and I have been working and living in Hangzhou since graduating from university, and buying a house in Hangzhou is the direction of our efforts, but the decline in housing prices has also made us wait and see.
In the past year or so, we have been renting a house in Sandun, renting a two-bedroom apartment for 2,500 yuan/month. On the one hand, we think that compared to the mortgage of five or six thousand, it is still cost-effective to rent a house. But when it comes to moving, I want to have a stable home.
I noticed that the talent co-ownership housing is in 2023, and across a road in the community, a large open space began to have construction vehicles in and out, and when I walked, I found that this was a co-ownership house. At that time, it was also to satisfy curiosity that I paid attention to the talent co-ownership housing.
After slowly researching, I found that these houses are mainly for Hangzhou ABCDEF talents, so last year I obtained the E talent qualification through hard work.
As the name suggests, all kinds of talents can choose the proportion of property rights independently, which is generally between 30% and 80%, and the government holds a part of the property rights on behalf of them. Since the first co-ownership housing project entered the market in November 2022, about 20 talent co-ownership houses in Hangzhou have been unveiled, and one of them is the project where I participated in the lottery on September 16 and successfully "got on the bus".
What I didn't expect was that there was still a certain degree of acceptance of talent co-ownership housing. The project has a total of 706 houses, with an average price of 24,320 yuan/square meter, and a total of 1,464 B-F talent families finally entered the lottery, with a winning rate of 48%. Basically, two people grab a suite.
In the current real estate market, there are not many people who can still grab houses like this. Compared with the average price of 32,000 yuan/square meter of second-hand commercial housing around, this price is really "fragrant".
The Sandun plate where the project is located is the only price depression in the main urban area, and I am still very satisfied with the plate where the project is located, and more importantly, my sister bought it in the neighborhood next door, so I am still looking forward to this project.
The lottery selection process is actually very tangled, the number is not very good, and the number of 200+ means that some large apartments of more than 125 square meters may not have a chance with me, so I only studied the small apartment of 99 square meters.
I didn't expect that there were some abandonments and abandonments when choosing a house, and there were some large apartments on the lower floors when it was my turn.
Between the 99 square meter unit and the 125 square meter 2nd floor, I chose the large one, the only drawback is that the floor is too low.
The main purpose is that after the increase of our family members in the future, it must be four bedrooms and two living rooms that best meet our improvement needs, and we will probably not change rooms for a long time in the future, so we can only sacrifice the floor to choose the type of house.
Relatively speaking, the lower floors are more cost-effective, with a total price of only 2.7 million yuan, and a unit price of 21,000 yuan per square meter, while the total price of the 99-square-meter unit I saw earlier is close to 2.6 million.
In terms of property rights ratio, we chose a 30% ratio, which means that the total price after discount is more than 800,000 yuan, and the 15% down payment ratio only needs to pay 120,000 yuan. For those who work hard in Hangzhou, it is simply a modern version of "welfare housing".
Although there is no financial attribute of co-ownership housing, it is a thing worth being happy that we have solved the biggest problem in life with the least amount of money.
Compared with renting, the advantage of co-ownership housing is that you can also enjoy planning such as school districts, and in the current market, talent co-ownership housing is equivalent to reducing part of the risk of decline, and individuals only bear 30% of the ups and downs.
Many people are discussing the exit mechanism of co-ownership housing, according to the project publicity, there are two exit mechanisms for talent co-ownership housing, one is to purchase all property rights into commercial housing for self-disposal, and the other is government repurchase, the purchase of other commercial housing in Hangzhou to apply for repurchase and withdrawal on behalf of the agency.
For me, that was 10 years away.
Editor's note
Shallot is a typical family of rigid needs, at the market price of three folds to buy talent co-ownership housing, and in one step, to achieve the desire to settle in the city of Hangzhou, as he said, spend the least money to do the biggest thing, after buying a house consumption downgrade did not happen. In Shallot's view, so far, talent co-ownership housing is still the most cost-effective choice for him to buy a house.
In the past, many people would consider appreciation when buying a house, but now that the market has changed, for today's young people, it is the most important thing to be able to meet the current housing needs, which may be the best state of "housing not speculation". So far, talent co-ownership is still the most cost-effective option for home ownership.