High End Homes Begin Discounting in Beijing

The luxury housing market had been holding up in Beijing, but prices are starting to come down as well, with investors starting to discount. No major price cuts yet, though the overall price reductions are large due to the sums involved.

The article contains this graph of existing high-end home sales (number of homes sold) in Beijing, by quarter.

北京现高端二手房抛售：钓鱼台7号院某套房直降200万

The industry believes that the trend of high-end room watching the atmosphere affected the overall property market, there are inevitable price to sell, but now it has not been panic selling. Beijing News reporter Wang Shukun photo

Recently, the Beijing second-hand housing market freeze, the owner lowered the price to become a common phenomenon. Affected by the trend of high-end large bargaining units of space and second-hand housing price cuts also increased significantly. Reporters interviewed found that there are some more areas are lower than the market price of high-end housing.

Sound a market price, second-hand luxury market has failed, "an exception." Reporters learned that many in the hands of homeowners hold more houses recently sold listings, many houses are vacant and no one lived.

Recently, a Beijing real estate agent website Diaoyutai Courtyard 7 to hang out a second-hand housing, "Diaoyutai 7 homes, most cost-effective, straight down 200 million" slogan impressive. According to a hospital near the Diaoyutai the 7th intermediary stores property consultant, this housing area is 318 square meters, three rooms apartment Three Hall, "lived in this house since bought no, if you see fit, the price can be negotiated . "the property consultant said.

A similar situation also appears in located in Dongzhimen Wanguocheng MOMA [ News Price apartment review ]. Reporters at a nearby nations City MOMA learned intermediary, "a new hang out one bedroom 86 square meters, the owners now offer 4.8 million lower than the same size of the other five or six hundred thousand listings. House is newly renovated, No one lived, the owners now want to sell as soon as possible, so the price can talk. "intermediary broker that introduced the stores.

The emergence of low-cost housing, so that people buy not see the market a bit.

Ms. Wang is being showings have learned from a friend at the clearing house cash investors, a lot cheaper than the market price, she took a fancy to the North Fourth Ring Huatingjiayuan a three-bedroom apartment of 158 square meters of housing, total price 5,600,000 aggregate price 35,000 / square meter, while the market price of around 6.3 million. "I feel too cheap, I do not know fly do not fly," Ms. Wang heart feel at ease, but also has no hesitation to start.

"Sellers on the market is now one-third of investors, this round of falling house prices no regulatory policies, they are less optimistic and more afraid of the future house prices kept falling, so the sale price as soon as profit taking . "Catcher area a store manager told reporters the body of real estate.

Shrinking turnover affect confidence

Century 21 Real Estate on behalf of CBD Regional Manager Cui Feng believes that the trend of high-end room watching the atmosphere affected the overall property market, there are inevitable price to sell, but for now has not been panic selling.

From the beginning of March this year, Beijing's high-end housing transaction volume, with a look at the amount of stores began to decline. An intermediary company a total of four high-end stores in the area, in March a total turnover of 16 suites, but in April Transacted reduced to seven sets, the rapid decline of the market turnover.

Albert I love my family brand manager Dan told reporters that Beijing first price is the big apartment houses and downtown high-price housing suburban area, in addition to the purchase of credit limit and other reasons, there are government corruption, the factors of real estate registration , hold more pressure on homeowners suites source increases, particularly real estate registration, personal property intended to find out the situation for the next levy property tax preparation. When housing prices still remain high, many officials, wealthy, big business owners began clearing the property.

Cui Feng believes behalf, now selling price listings, mainly sold there too optimistic investors, homeowners and improving wards, in addition to immigration and anxious homeowners money.

Million million mansion straight down

Due to the large size of high-end second-hand housing, high total price of the characteristics of its trading cycle is longer than the average second-hand house, waiting for the transaction process, many homeowners are anxious to sell the initiative to lower the price, the total price of tens of millions of listings Many price amounted to about one million yuan.

[CBD area]

Visit district: Global Trade Mansion

Housing area: 176 m2

Sold Price: $ 8 million decline: 1.1 million yuan

A WTO recently traded internationally apartment houses, an area of ​​176 square meters with two bedrooms, a homeowner's first offer of 9.1 million, which lasted five months and round bargain, ultimately down to 8 million deal, the price amounted to about 110 million, while the average price of nearly 45,500 / square meter.

"CBD area of ​​high-end real estate price in 75000 / square meter, the homeowner before the offer is not high, but with the deterioration of the market, coupled with the homeowner to sell the old buy new, in other places pay a deposit, and payment deadline is approaching, so the sale price of a bite, the transaction prices hit the lowest this year's Global Trade Mansion. "21st century real estate agent told a reporter.

[Region] Worker

Visit district: Apartment glory

Housing area: 272 m2

Quote: 13,990,000 yuan

Below market: one million yuan

Located in the region of glory Workers International Apartments, a 272 square meter four-bedroom quote for 13.99 million yuan, while the district are in the same apartment listings quotes 15000000 -1600 million, which is equivalent to suite cheaper than the market price 1000000 . "Recently Worker region did some price below the market price of a large apartment houses, this suite homeowners usually not here, the general view room customers are looking for the keys to the property." Chain of family property stores a property consultant Workers said.

[Olympic Village area]

Visit district: Yilinjiayuan

Housing area: 265 m2

Sold: 11 million yuan

Drop: 2,000,000 yuan

Olympic Village area of ​​high-end disk get together, there are many examples million straight down. If Yilinjiayuan have a 265 square meter house, offer 13 million, the last 11 million deal, the total price drop of 2 million, price 49,000 / square meter, compared to the region 55,000 -6 million / square meter average price, which is the ultra-low price listings.

"This suite naked price 11 million, taxes of 200 million, or the equivalent of the taxes homeowners let out to attract people to buy a house, led to the deal," said a broker in the region.

Discovery

Some high-end listings Sellers who "mysterious"

In an interview with reporters found that many people are selling high-end real estate is very mysterious, they are starting from a register listing in the agency, basically did not show up, always by the agent than the related matters. It is understood that the sale of homes in the Diaoyutai No. 7, 4 suites source, there are two sets of 348 square meters of apartment belong to a homeowner. Property consultant, homeowners generally not Beijing, and homeowners are friends approached. Unless you want to sign, the homeowner will personally come back.

Reporters follow intermediary property consultant in Xingfuercun see a 262-square-meter four-bedroom, quotes 12.8 million yuan, equivalent to the average price of about 48,900 yuan / square meter, and the quote in the community similar listings were no less than 5 million. Reporters found this listing in only a few wardrobe, decor is very old. According to property consultant, did not buy this house after the owners lived, now for sale cheap to return the funds, but also save care.

When a reporter asked what the homeowner is working to disclose property consultant said, they usually are contact with an agent. "In general this case, the owners are not too busy everywhere at once, that special status, inconvenient appearances. Than June to begin registration of real estate yet, some people are estimated extra shot ahead of listings."