In 2023,breaking news the global situation waved and cloudy, which had a profound impact on the economy, and the rapid development of science and technology injected a strong motivation for the economy.
Looking back at this year, some major events may arouse the echo of history, and some will illuminate the future path.In any case, they have deeply hit our eyes at a certain moment, which is worth remembering.
Let's take the past entrustment to embrace the hope of the future.
——Marne in mind2023
In 2023, the real estate market showed a complex and changeable trend as a whole.
This year, the market supply and demand relationship has changed significantly, the policy support has continued to increase, and the risk of real estate is actively resolved. It is equalized to meet the reasonable financing needs of different ownership real estate companies.
This year, real estate regulation is positioned to meet the rigidity and improve housing needs of residents, increase the construction and supply of affordable housing, actively promote the construction of public infrastructure in the village in the urban village and the public infrastructure of "flat use", and revitalize all kinds of idle real estate.In first -tier cities and some hot second -tier cities, the active market activity and investment intensity of the real estate market have become market vane.
This year, the real estate industry also faced unprecedented challenges. The market decline and watching emotions caused the decline in the development and transaction volume of commercial housing, and issues such as financing and sales also brought unprecedented pressure on housing companies.
We have sorted out major events in the real estate market since this year, and selected the top ten news in the real estate industry in 2023 to maximize the overall changes and future trends of the real estate market this year.
NO.1 Central Political Bureau conference to make up the real estate marketA major changes in supply and demand relationship
The meeting of the Political Bureau of the Central Committee of the Communist Party of China on July 24, 2023 pointed out that it is necessary to effectively prevent and resolve the risks of key areas, adapt to a new situation of major changes in the supply and demand relationship of my country's real estate market, and adjust the optimization of real estate policies in a timely manner. , Better meet the demand for rigidity and improvement of residents, and promote the steady and healthy development of the real estate market.It is necessary to increase the construction and supply of affordable housing, actively promote the construction of villages in the city and the construction of public infrastructure in the "emergency two -purpose", and revitalize all kinds of idle real estate.
The Central Economic Work Conference held on December 11 clearly stated that it was proposed to actively and steadily resolving real estate risks. It was equally complied with the reasonable financing needs of different ownership real estate companies, and promoted the steady and healthy development of the real estate market.
No.2 Fully cancel purchase restrictions in multiple cities,First -tier cities are loosen the real estate market
On August 25, 2023, Jiaxing, Zhejiang, took the lead in announcing the full cancellation of purchase restrictions.Subsequently, Dongguan, Foshan, Shenyang, Dalian, Nanjing, Lanzhou, Jinan, Qingdao, Zhengzhou, Hefei, Wuxi, Wuhan and other cities fully canceled the purchase restriction policy.
On August 30, Guangzhou and Shenzhen implemented a policy of "recognition of houses and not recognizing loans".On September 1, Shanghai and Beijing announced the implementation of the "house recognition" policy.At this point, all first -tier cities have all landed on the policy of "recognizing houses and not recognizing loans".
In November, Guangzhou and Shenzhen have introduced a number of property market policies, involving reducing the proportion of down payment for two suits, adjusting the standards of luxury homes, raising the proportion of provident fund loans, and relaxation of soil auctions.On December 14, Beijing and Shanghai adjusted the new policy of the property market simultaneously, involving optimizing the standards of ordinary residential identification, a down payment ratio of the purchase of housing, and adjusting the lower limit of the mortgage interest rate.So far, first -tier cities have adjusted the optimization of the property market regulation policy.
No.3 The work of "insurance delivery" is further advanced,Complete delivery over 1.65 million units
Since the first meeting of the Political Bureau of the Central Committee of the Communist Party of China in July 2022, it has proposed the work task of "Insurance Transfer", and the "insured property" has become a key task of keywords and real estate companies in the local stabilization market in 2023.According to the Ministry of Housing and Urban -Rural Development, the overall re -work rate of the special borrowing project of the "Insurance and Transfer Building" is close to 100%, and the cumulative house delivery has completed more than 1.65 million units. The first batch of special borrowing projects has exceeded 60%.
The Ministry of Housing and Urban -Rural Development stated that through the smooth advancement of the work of "insurance and transportation", the progress of real estate development projects has been accelerated, the risk of overdue delivery of commodity housing has been effectively prevented, the confidence in buyers buyers has stabilized market expectations.
No.4 Listed housing enterprises "batch" delisting
As of mid -December 2023, 11 listed housing companies have retired from the Shanghai -Shenzhen -Hong Kong stock housing companies.
Among them, ST Sunshine City, ST Taihe,*ST Jiakai,*ST Songdu, ST Yuetai, ST Meishi,*ST Zhongtian and*ST Blue Light 8 in A -share housing companies are "20 consecutive transactionsThe daily closing price is lower than 1 yuan.
In terms of Hong Kong stocks, in accordance with the provisions of the Stock Exchange, if the listed company continues to suspend trading for 18 months, it will have the right to remove the shares. Three housing companies of Xinli Holdings, Nanhai Holdings and Carnival International have delisted.
No.5 Xu Jiayin is suspected of illegal crimesMandatory measures are taken according to law
On September 28, 2023, China Evergrande announced that the company's executive director and chairman of the board of directors Xu Jiayin had been taken for mandatory measures for suspected illegal crimes.
As early as December 3, 2021, Evergrande announced the notice of breach of contract and received a notice required to perform the guarantee obligations.At that time, the Guangdong Provincial People's Government immediately interviewed Xu Jiayin and sent a working group to urge enterprise risk disposal.From Xu Jiayin, it was talked about being taken for compulsory measures for more than 600 days.
According to the recent announcement of Evergrande, Evergrande Real Estate Group involved a total of about 301.363 billion yuan in due debts that could not be settled, and the issuer's overdue business tickets cumulatively about 205.933 billion yuan.
No.6 The decline in house prices has continued to increase,House prices are on a decline
In 2023, the decline in housing prices in many places was obvious.According to data from the National Bureau of Statistics, the sales prices of newly -built commercial housing and second -hand houses in 70 cities in January have decreased 33 and 57, respectively. In November, the cities decreased in November to 59 and 69, respectively.
According to the statistics of the China Independence Research Institute, the number of new residential prices in 100 cities nationwide in November fell 43 cities month -on -month, and the number of second -hand residential prices fell 99 cities.Essence
No.7 Reduce the interest rate of stock loansalmost done
On November 6, 2023, the Division of the People's Bank of China Monetary Policy said that the reduction of the interest rate of the stock loan in stock has been basically completed, and the interest rate of more than 22 trillion yuan of stock mortgages was reduced, with an average decrease of 0.73 percentage points, benefiting more than 50 million households, 150 million people, and 150 million peopleIt reduces the borrower's interest expenditure of 160 billion-170 billion yuan each year, and households averaged 3,200 yuan per year.
Starting from September 25, the bank has begun to reduce the interest rate level of the first set of housing commercial personal housing loans.Starting from October 25, the batch adjustment of the interest rate of the stock mortgage is adjusted, and many banks have successively adjusted the eligible mortgage borrowers.
No.8 18 cities cancel the highest land limit price
Since October 2023, 18 cities have been implemented in 22 cities, 18 cities have canceled the price limit and restored the "high price", including Guangzhou in first -tier cities.
After the new policy of canceling the highest price limit for land, many hot spot bidding for real estate companies reappeared.At the beginning of November, Hefei soil shot refreshed the highest unit price record in the local area, and the soil auction in Chengdu, Fuzhou and other cities also appeared at a new high floor price.
However, the soil auction market is still at a relatively low level. According to Kerry statistics, the overall premium rate of the land market in November was 3.7%, which was the second low point since 2023.
No.9 Multiple private housing companies debt reorganizationMajor progress
After 18 months, Sunac's overseas debt reorganization was successful on November 20, 2023, and Sunac became another large real estate company to complete all processes of overseas debt reorganization.Since this year, many housing companies have made new progress in debt reorganization.
On November 29, China Aoyuan announced that the overseas reorganization plan had been approved by creditors, and after the hearing of the relevant courts, it officially took effect.As of November 21, Zhongliang Holdings held a total of about 92%of the total amount of the planned debt to repay the total amount of the project.
On November 14, Xuhui Group completed the exhibition period of all domestic bonds due during the year, with a total exhibition period of about 7.18 billion yuan.On October 10, Country Garden announced that it would actively promote overseas debt management measures. Previously, its principal of about 14.7 billion yuan of domestic debt had been successfully exhibited.
NO.10 Shenzhen State -owned Assets Commission is supporting Vanke
In late October 2023, irrational fluctuations in Vanke bonds.Vanke and domestic and foreign financial institutions held the third quarter performance briefing on November 6. The Shenzhen State -owned Assets Supervision Commission stated at the meeting that if necessary or encountered extreme conditions, all possible marketization and rule of law will help Vanke actively respond.
Vanke's shareholder Shenzhen Metro also said that it will stand firmly with Vanke and have prepared a rich "toolbox". It will be released in an orderly manner according to market conditions to support Vanke, including marketization and rule of law, to undertake Vanke in the waySome cities in Shenzhen have renewed projects to help Vanke's active assets inject new liquidity into Vanke. The transaction amount is expected to exceed 10 billion yuan.
Top 10 real estate news expert reviews
Dean of the Beijing -Tianjin -Hebei Research Institute, Dean of the University of Economic and Trade University of Economics and Trade
Vice President and Secretary -General of the Beijing Real Estate Law Society
The top ten news selected by "Daily Economic News" has strong representativeness. They are the focus of attention in the real estate industry, reflecting the guidance of changes in the real estate market and real estate policy in 2023.Ten news can be reviewed and condensed in 2023 property market characteristics.
"The Political Bureau of the Central Committee has changed major changes in the supply and demand relationship of the real estate market." As the top ten news of real estate in 2023, it is well deserved.In the case of downturn in the property market, accurately put the current market status of the market, can the right medicine and give treatment recipes.The judgment of major changes in the supply and demand relationship of the real estate market pointed out the direction for the policy orientation of real estate.The supply and demand of the real estate market and governments at all levels must adapt to the changes in this supply and demand relationship, constantly adjust the outdated real estate regulation policies, and promote the conversion of new models of real estate development and the stable and healthy development of real estate.
Other news is closely focusing on "major changes in supply and demand relationships"."The number of cities declined in house prices has continued to increase, and house prices have fallen into a trend", which is a significant portrayal of the real estate supply and demand relationship.The supply and demand relationship determines the trend of house prices. The supply should be rising, and the supply of housing prices should be declined.Puzhuo falls in housing prices indicating that the real estate market has provided too much.
"Multi -cities have completely canceled the purchase restrictions, and first -tier cities are loosening the property market." It is the actual situation that cities have changed significantly for real estate supply and demand relations. It is also a necessary measure to adjust the outdated real estate regulation policy in a timely manner.The cancellation of purchase restrictions can release some housing demand and play a role in balanced the past relationship.
Funding is the gate of the real estate industry. Low -cost financing is essential regardless of developers or consumers."Basically complete reduction of the interest rate of stock loans" is a manifestation of adjusting the outdated mortgage policy.In 2023, many cities not only reduced the interest rate of new housing loans, but also reduced the interest rate of stock mortgages.
"The maximum price limit for land in 18 cities" is an important measure to adjust the time limit policy.Land price is an important composition of house prices. The highest price limit for land is canceled, which means that allowing commercial housing to return to the product attributes, let the market play a decisive role, and take a step forward.
"Listing real estate enterprises 'batch' delisting" and "Xu Jiayin's suspected illegal crimes are taken for compulsory measures according to law." These two news are a portrayal of the current status of the property market, which shows that the current property market is sluggish.Essence
"A number of private housing companies' debt reorganizations have made significant progress" "Shenzhen State -owned Assets Commission is supporting Vanke" and "'Inspection of Communications' to advance in depth and complete the delivery of over 1.65 million units."In promoting the "guarantee of the building" through various measures, the real estate companies are also trying to save themselves. Through the reorganization of real estate companies, real estate companies can "live" and continue to play the pillar role of real estate.
Guangdong Housing Policy Research Centerdeputy director,Chief researcher
2023 is the 25th anniversary of my country's real estate market reform. This year is also the year when the real estate market has changed the largest change. Fundamental changes.
The top ten news in the 2023 real estate industry selected by "Daily Economic News" is very representative and can accurately reflect the changes in the entire real estate market.Among the top ten news, I think that the first place in the Political Bureau of the Central Committee has changed major changes in the supply and demand relationship of the real estate market.In addition to the supply and demand relationship, this change also has the expectations of residents' expectations and the trend of demand, that is, no longer believes in unilateral rising house prices, or from the past one -sided rise to the second half of the risk release.
Therefore, we see that the number of cities declined in house prices has continued to increase, and house prices have fallen. The price of second -hand housing in Baicheng has fallen from the previous month.The price of second -hand housing rose a month -on -month number of cities, and the number of cities rose 0 last time was still in September 2014. The number of cities fell 69, which also reached a new high.
Since it is the switch of the upper half, the most impact is the house purchase behavior.Therefore, on November 6, 2023, the Division of the People's Bank of China of the People's Bank of China said that reducing the interest rate of reducing stock loans has been basically completed, and the interest rate of more than 22 trillion yuan of stock mortgage was reduced, with an average decrease of 0.73 percentage points.On the one hand, this kind of interest rate cut is that the expected driver of house prices is expected to be driven by the end of the house, and interest rates need to be reduced.More importantly, the risk -free interest rate is downward, and the mortgage interest rate is inverted.Residents pay high interest rates to buy assets with obvious rising prices. This kind of enthusiasm is gone, and interest rates need to be reduced.
In addition to reducing the stock interest rate, the policy has also experienced a major trend challenge, that is, the new round of tightening policies that have been deployed since 2016 have been completely withdrawn, including the full cancellation of the purchase restrictions in multiple cities, the first -tier cities are loosen the real estate market, 18 cities have canceled in 18 cities, and 18 cities have been canceled.The highest price limit.With the Beijing -Shanghai pine dynamic loan policy on December 14, the adjustment of ordinary housing preferential standards indicates that the tightening policy of the previous round of layout is fully exiting.Under the new situation of major changes in real estate supply and demand relationships, investment -oriented house purchase and irrational house buying are gone, and such policies are no longer needed.
The supply and demand relationship has changed significantly. In addition, real estate must say goodbye to the old model, turn to high -quality development and new development models, return to the attributes of people's livelihood and residential attributes.Through -through supervision is directed by targeted deleveraging, as well as new rules for asset management to combat shadow banks, which makes it difficult to sustain the old model of the three highs. The direct impact is the outbreak of the developer at the risk at the level of the developer.
Therefore, we see that the Xu Jiayin was interpreted to Evergrande, and the Xu Jiayin was suspected of illegal crimes and was taken for mandatory measures in accordance with the law.At the same time, the government is trying to prevent the spread of risks. For example, the Shenzhen State -owned Assets Commission has supported Vanke, and the debt reorganization of many private housing companies has made significant progress.In addition, the "insurance delivery building" is the bottom line and principles.Enterprises with non -offering debt must withdraw, but the "guarantee of the property" must be completed.According to the Ministry of Housing and Urban -Rural Development, the overall re -work rate of the special borrowing project of the "Insurance and Transfer Building" is close to 100%, and the cumulative house delivery has completed more than 1.65 million units. The first batch of special borrowing projects has exceeded 60%.
The risk disposal in the future is also the same.