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This is the year-on-year growth trend of second-hand housing prices in Wuxi in the past two years
In January 2020, Wuxi squeezed into the national TOP10 list of second-hand housing prices year-on-year increase, and has been on the list for seven consecutive months, with Wuxi every month.
Moreover, as of now, the price increase of second-hand housing in Wuxi is still rising, and there is no sign of convergence.
Secondly, land prices in Wuxi have overheated and land prices have risen, frequently breaking the red line.
This is an overview map of land transactions in Wuxi in the first half of the past five years
In the first half of 2020, 30 residential plots in Wuxi were successfully sold, covering an area of approximately 2.1012 million square meters, with a total amount of 44.659 billion.
Compared with the same period in 2019, the transaction area increased by 74.23%, the transaction value increased by 112.7%, and the average floor price increased by 12.3%.
In the first half of 2020, the number of transactions, transaction value and average floor price reached the highest value in the past 5 years.
For example, the Sansheng Hechengkou Yuxiang plot was auctioned at a floor price of 19,542 yuan per square meter, which not only refreshed the land price record, but also officially broke the “price limit red line”.
The price of new and second-hand houses has risen too sharply, and the price of land has risen too sharply… Wuxi’s current regulatory upgrade seems to be unexpected, but it is actually reasonable.
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Wuxi’s regulatory upgrade is not the beginning, nor the end.