The epidemic brought not only a crisis, but the real estate industry can still grasp the window of development. Recently, at the event of Shougang Changan Yunshang of China Shipping, Chen Zhi, vice president and secretary general of the Beijing Real Estate Association, expressed his views on “the property market is gradually recovering and whether the Beijing window period is coming.”
Chen Zhi believes that from the perspective of the general environmental background, the epidemic situation has been alleviated, but it is far from over, especially in overseas countries where it is still very serious. The large-scale stagnation of the global economy, the collapse of oil prices, and changes in the export environment have all put severe tests on China’s economy. From the domestic situation, many local epidemic response mechanisms are currently being adjusted downwards. The state industry has issued a number of policies to ensure stable economic development, including support for small and micro enterprises, and the national economy is recovering.
As far as the real estate industry itself is concerned, the real estate market is in a state of steady recovery under the background of adhering to the positioning of “housing, housing, and no speculation”. Take Beijing as an example. After the epidemic stabilized, Beijing’s real estate market has rebounded significantly in April. According to statistics from relevant agencies, in April, Beijing’s second-hand housing transactions reached 13,161 units.
In Chen Zhi ’s opinion, the market for second-hand housing can be used as a leading indicator for the real estate industry. The monthly transaction volume exceeds 10,000 sets, indicating a steady upward trend in the market. Next, we can focus on the changes in the secondary market transactions in May and June.
In addition, from the perspective of the financial market, although the external financial environment of real estate is better than the internal environment, we must also see that the current M2 is relatively loose, abundant liquidity, LPR and real estate Corporate financing costs are all going down. At present, the source of corporate funds tends to be stable. According to the statistics from the National Bureau of Statistics, from January to March, the funds in place for real estate development companies nationwide were RMB 33.56.6 billion, a year-on-year decrease of 13.8%, but the rate of decrease has narrowed by 3.7 percentage points from January to February.
From the perspective of the long-term demand of the real estate market, Chen Zhi proposed that the country proposes a decisive victory over well-off society. The demand for housing in a well-off society is also constantly changing. . High-quality development also puts high demands on the real estate industry. At the same time, urban renewal has a long way to go. Taking Beijing as an example, houses with a house age of more than 40 years account for a relatively large total inventory, which means heavy renovation tasks and new market space.
Chen Zhi suggested that for real estate companies, they should seize the window period, at the same time, they should be cautious in cash flow, be generous in treating users, and in products Innovation.
(Original question: Chen Zhi, Vice President of Beijing Housing Association: Real estate industry should seize the window period)