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The 2020 government work report clarified the reconstruction goals of 39,000 old communities, involving nearly 7 million residents. Compared with 2019, the target of this year’s old reform has doubled.

The old reform is in full swing. The shed reform that once changed the structure of the third and fourth tier cities has faded like a tide. What impact will the “old reform” that took the baton have on the property market? Can the old and broken small in the city center usher in spring?

01 Old Reform and Second-hand Housing

First of all, it is a question that everyone cares about: Will the old reforms cause house prices to rise?

The webmaster must say that it will definitely rise, and that it will rise on a large scale.

Taking Nanjing as an example, there were media reports in 2016 that a set of 92㎡ old and small in the center of Nanjing was originally set at a price of 19,000 yuan / ㎡. Later, after the old reform, the house price rose to 28,000 yuan / ㎡, and the total price rose by more than 800,000 yuan.

According to statistics, among the 240 old communities renovated in the six districts of Nanjing ’s main city in 2019, renovated old communities have surged, the increase rate reached 48.53% , directly led to a rise in local second-hand housing prices in Nanjing.

So, the benefits of the old reform plan to these old communities are almost obvious, especially for the old first-tier cities such as Beijing and Shanghai. According to statistics from the Shell Research Institute, the number of old communities in Beijing and Shanghai is 5,100 and 14,000, respectively. The number of old communities over 20 years accounts for 47% and 61% of the total stock, respectively.

In the large and medium-sized cities under key monitoring, Beijing and Shanghai have the oldest housing problems, and the demand for old reforms is also greater.

After all, these old communities are usually older buildings, severe housing damage rate, serious shortage of parking spaces, aging pipes, no electricity