Kunpeng Project
Now** property, wise or confused? Li Ka-shing made his attitude clear
Let's start with a real case of buying and selling a house, which is quite tragic.
In March 2023, affected by the bailout policy, the second-hand housing market in Hangzhou has gradually become active, with the transaction volume exceeding 10,000 units, and many brand owners have listed ** properties. In such a market environment, Xiao Gong also plans to replace the real estate and decides to choose its site in a school district in Binjiang District, with a small apartment of 89 square meters. At that time, according to the market, Xiao Gong will set the ** at more than 5 million.
Soon after, an interested buyer showed up and was full of praise for the house. However, at a critical moment in the transaction, the parties disagreed over the issue of intermediary fees. According to the intermediary company's fee standard, for properties above 5 million, the buyer and seller must pay 50,000 yuan each. The buyer offered to bear half of the landlord Xiao Gong, but in Xiao Gong's view, the intermediary commission had always been the buyer's responsibility, so he resolutely rejected the buyer's request. Eventually, the soon-to-be-successful deal fell through because of the agent's $50,000 agency fee.
However, just 11 months later, Xiao Gong deeply regretted it. Today, the market value of his house has fallen to more than 4 million, and in a short period of time, the value of the property has evaporated by nearly 1 million. Thinking of the 50,000 euro intermediary fee and the lost opportunity, Xiao Gong regretted it.
To be honest, Xiao Gong's experience of selling a house is unfortunate, but in the past year or two, this situation is not uncommon: many second-hand homeowners have missed the best time to sell their houses for various reasons.
The crisis of the second-hand housing market in the country is still there, and the political adjustment of first- and second-tier cities is still difficult to reverse.
According to the latest agency data, the average price of second-hand homes in 100 major cities across the country has fallen to 1€530,000, compared to the previous month** 056% compared to the same period last year** 396%。Whether it is a first-tier city or a second- or third-tier city, the second-hand housing market has seen this trend.
Worryingly, this market downturn has been going on for 22 months, with second-hand homes** continuing to decline year-on-year. Of particular concern are the first-tier cities, where there has been no significant recovery despite repeated attempts at political adjustments. According to the latest data released by the Bureau of Statistics in January 2024, second-hand housing prices in Shanghai fell by 08%, Guangzhou decreased by 1 year-on-year2%, Shenzhen decreased by 1 year-on-year6%, and Beijing decreased 07%。Among them, the decline in Shenzhen has expanded compared with the previous month, showing an accelerated downward trend.
Since September last year, four first-tier cities have relaxed property market policies three times in a row in an attempt to stimulate the market and stabilize housing prices. However, these policy adjustments have not only failed to reverse the market downturn, but have further undermined market confidence. This reflects that the current problems in the real estate market are far from being solved by simple policy adjustments, but require deeper reform and innovation.
For some time, the market has been generally cautious about the property market. On the one hand, successive bailout policy adjustments may have a certain impact on the market, but it will take time to test whether the market trend can be truly reversed. On the other hand, consumers' concept of buying a house is also changing, and more and more attention is paid to the quality of the house and the comfort of living, rather than the simple investment value. This could have a profound impact on the real estate market in the future.
Normally, the property market policy in the past two years has been very good, and housing prices should not continue as they are now. Because now not only the mortgage interest rate has dropped to below 4%, but the down payment ratio for the first home in many cities has also dropped to 20%, and more importantly, most cities have fully liberalized the purchase restriction policy, and the market is very suitable for people to buy houses. In fact, there were a lot of people who bought houses last year, and few people thought that no one had bought a house, after all, there were still a lot of buyers in China, and there was no long waiting for house prices. According to statistics, the number of second-hand housing transactions nationwide will increase in 2023, with an increase of more than 40%. What's even more commendable is that at the beginning of 2024, the popularity of second-hand housing transactions in big cities will continue to rise, and the delicious trend of doubling the transaction volume is obvious.
In other words, the current property market is showing a trend of both liberation and decline, with a large increase in buyers and a continuous increase in housing prices. The reason for this situation is simple, although the number of people buying houses has increased significantly, the number of people selling houses has increased. In 2023, the listing price of second-hand houses in various places will be large**, and there will be a serious shortage of supply in both the new housing market and the second-hand housing market. The imbalance between supply and demand is the main reason for the decline in the number of launches in the property market. While the demand from home buyers is increasing, the number of home sellers is also increasing, resulting in a shortage of properties on the market. Supply exceeds demand, housing prices are natural**.
In addition, homeowners who are in dire need of capital also need to liquidate their properties quickly. In the context of the economic downturn, despite the lukewarm real estate market transactions, there are still some sane home buyers who are willing to make a move when the time is right. Therefore, in order to attract these potential buyers, some owners choose to sell *** properties that are lower than market expectations. Although these** may be lower than their psychological expectations, for homeowners who are in dire need of funds, selling their homes to recoup funds is the best option.
In addition, there are some owners who consider replacing their properties to optimize their portfolios. They believe that although the current market is generally low, new homes have also seen a proportional decline, so by selling existing properties at low prices and buying new houses, they can maintain or even increase the value of assets to a certain extent.
However, it should not be ignored that there are still some owners who are pessimistic about the recovery of property prices. They believe that after more than two years of adjustment, real estate has reached a relatively low level, but it is possible to continue. This concern is due to their lack of understanding of the real estate market. They fear that if they continue to wait, they may suffer even greater financial losses. Therefore, in the current relatively favorable market, they choose to liquidate their properties to avoid potential risks.
Will house prices continue**? Now selling a house is"Stupid"Still"Clever"？
With the continuous introduction of national policies to stimulate the property market, the future trend of the property market has become the focus of attention from all walks of life. Is a turnaround about to begin, or is the downward trend difficult to reverse? How should the seller choose in this situation? These problems plague many property market participants. And Li Ka-shing, China's richest man, is a legend in the real estate industry, and his views may give us some inspiration.
Li Ka-shing, a well-known name in the real estate industry. Since his foray into the real estate industry in the 50s of the 20th century, he has built an enduring prestige in the industry with his extraordinary wisdom and courage. His unique insights into concepts such as shared area and installment payments have not only driven innovation in the national real estate market, but also made him a pioneer in the industry.
Given the complexity of the current real estate market, Li Ka-shing's view is particularly important. He believes that the evolution of the real estate market is not simply up or down, but is influenced by a combination of many factors. This includes the political environment, market demand, economic development and other aspects. Therefore, to assess the future development of the property market, one cannot rely on a single factor.
From a seller's perspective, Lee recommends considering the current market environment and his own realities. If house prices are expected to continue in the future**, then choosing a discount now may be a smart move to minimise losses. However, if house prices pick up in the future, there may be a risk of losing money**. Therefore, sellers need to carefully weigh the pros and cons and make the decision that is in their best interest.
With his unique business vision, Li Ka-shing has achieved great results in the field of real estate investment and achieved huge returns. He has left a deep imprint in Chengdu, Chongqing, Beijing, Shanghai and other cities, and has been praised by the industry for accurately grasping the pulse of the market, increasing the value of some plots by forty or fifty times"Real Estate Champion"。
Over the past decade, however, Li Ka-shing has gradually moved away from the real estate industry. He has said that he does not want to win the last copper plate. This quote reflects his unique view of the current real estate market – which in his opinion has a near-symbolic potential for development"The last copper plate", the space for development is very limited.
This strategic choice not only reflects Li Ka-shing's wisdom and vision, but also triggers a deep reflection on the development potential of the real estate industry. His decision undoubtedly provides us with a new perspective for analyzing and thinking about the current trend and future of the real estate market.
Now selling a house is"Wrong"Still"Sensible"The move? According to Li Ka-shing's views and practices, the results are obvious: good and bad. If you've invested in a lot of property in the past, now is the time to put your money to good use. If you're just looking to buy a home, you can also take advantage of the current political climate to buy a home early.