Ads like "the purchase of the Open era apartments share hardcover" "buy one get one for free, 5.49 m changing room" ... ...will disappear in front of customers in the future. Recently, Beijing Housing Construction Committee, Planning Committee and other five departments jointly issued "On The Strengthening of Departmental Interaction and Improve the Commercial, Office Class Project Management Notice", and since June 1, LOFT, apartments and other business projects will be stopped. Since then, the main "open purchase " selling point of the LOFT, apartments and other commercial projects will be dead forever.
Commercial changing into Residence Buildings, half of April volume
"I have been paying attention to this project before until recently seen on June 1 to stop changing commercial buildings into residence ones, so that i come today to ask whether we can open the selling before that?" At Fang Zhuang Qiaonan Red South Third Ring Road International sales offices Mansion party, a customer told reporters. The guy came to Beijing two years ago, business, and moved his family members recently, has been watching out for projects, and intends to buy a house.
"Originally I wanted to buy a house, but only limited to this kind of LOFT project after the purchase limit. " Mr You said: "My friend also advised me that this is only 40 years property rights for this LOFT, and also commercial water vendors electricity, But i can not always let my wife and kids renting houses with me. "
Sales staff told reporters that the international residence in the red side, buyers such as Mr You are a lot. Nearly 2 / 3 of the buyers in the "buy-use"column choose "for own housing. " Sales staff said, the project is a 7 to 11 building floor, total floor area of only 1.5 million square meters, which has been built to the ground layer 7. Although pre-sale permit has not yet been made, but planning has already been approved, there is no evidence of problems later.
LOFT projects selling in Beijing are similar with the red international residence, since the restriction order being issued, the major customer groups is outsiders without purchasing permits, in addition, certain investors Groups are included.
According to the Beijing Central China statistics, the purchase of second house decreased from 15.6% to 10.9% since the new deal, non-permanent residents declined from more than 40% to 7.6%, which reflects that a large number of purchase changed from residence buildings to commercial transformed buildings for non-city residents.
In this regard, Zhang Yue, principle analyst of chain property company, said that the need for commercial transformed buildings can not be ignored. According to statistics, the deals in office and commercial properties are 2354 sets which accounts for nearly 50% of the total turnover.
Small size, Low price, LOFT Active Young People for House Purchase
Apart from no qualifications required, the size and price are also main advantages for purchasers to consider LOFT commercial transformed buildings.
Because it is commercial and office project, the majority of such projects are smaller products. Tongzhou K2 Lily Bay, for example, a 5.49 m products has a 30 square meters with two bedrooms, a layer with bathroom, kitchen and living room, second floor with bathroom and bedroom, fully living function in a limited area. In the residential, it is hard to have two two-bedroom space satellite in 30 square meters. From the price point of view, the total price of the product is around 90 million, and buying a two bedroom house in Tongzhou with 90 million would only happen few years ago.
The area characteristics of LOFT makes it having price advantages so that lots of young buyers with limited economic strength will settle down with LOFT. Single price of LOFT years impacted by the property rights is lower compared with the same residential area which also makes it subject of investment for buyers.
The first city two-view project in the Guangqumen Bridge is sold at 38,800 yuan/square meter, and its surrounding residential projects such as the price of the Blue Mountains Vanke is 41,800 yuan/square meter, the Jinmao Building sold some time ago at 45,000 yuan/square meter. Look at the Serious and the second living area Majuqiao Hopson global village, the project's current promotional products priced at 16,000 yuan LOFT / m, and its surrounding residential projects Raycom Jun court was 18,900 yuan/Square meters. If you have two layers according to buy a conversion, LOFT item price advantage is more apparent.
The need is promoted by the limit purchase, as well as advantages in size and price that after the New Deal, projects like the stars Wyatt Worldwide, Junan International, and a number of commercial real estate for residential project built in the exquisite mountain are pushed into centralized market. According to incomplete statistics, there are about 50 operators on the market to be changed into the sale of resident projects.
Don't want to just sit and watch the rates going ups and downs, home buyers are purchasing commercial transformed buildings.
Because of the advantages of LOFT and other commercial projects, some buyers without the qualification regrets: "We can only wait for 5 years before buying a house if commercial transformed houses are forbiddened? According to price rises in recent years,when we have qualification, we wont have the ability to buy it any more."
Also next to the island in the Lippo Zhuang Ronghua international project sales offices, Ms Qu said: "In 2009, the Lincoln Park apartments sell small units for 9,500 yuan/square meter, I suspect it is a commercial project, with short property rights, and i did not buy. 3 years from now, it is probably twenty thousand per square meter(Editor: Lippo International has not yet opened, this is an expected price, Ms. Qu, Lincoln Park is priced at 22,000 yuan / square meters), after 1 year when I am eligible to buy a house, i'm not sure what the price level will be. "It's this unwillingness to just watch the price changing that makes some purchasers like Ms Qu dont want to wait 5 more years before buying a commercial transformed houses.
But for the above view, the industry expert says that as the government regulation is changing all the time, the advantage for commercial projects in the secondary market will be further weakened. Beijing Zhongyuan marketing departments holds that commercial utilities and property costs are more expensive than residential, the project will increase the using cost; and in secondary trading session, tax policy changes,and lending policies are also more stringent than average residential buildings. This change will undoubtedly increase the business transactions difficulty, this "fear up"mentality is certainly not rational. After the new policy, will the real-estate rises up?
When the "restriction order" suppress the demand for residential investment, commercial projects are out of policy restriction due to free comtrol. The commercial advantage is no longer exist and will decrease after the policy is out. Permit obtained before the policy or approved through the business planning will take the chance and rise up the price? This is the most concered issues for buyers.
In this regard, the Beijing Central China market research department that since last year, the Beijing municipal government began to tighten the business project. May 19 last year, the Beijing Construction Committee released "Notice about strengthening of the hotel sales management related issues "which clearly required hotel projects land transfer contracts signed after May 2010 will be prohibited layered, sub-unit sales. Starting from last October, the city government has been restrict on the approval of the LOFT categories of projects, after which only a limited amount of projects get through approval. Beijing Central China believes that because of cost and the impact of mood, LOFT and other commercial projects will not hit a price hike
Weiye I love My Family, group vice president Hu Jinghui holds the same view that buyers are changing their views about the inadequacies of the project, and many projects are increasing LOFT marketing efforts, increase the intensity of the payment return, the prices rising is hard to set up.
Some marketing director of the project said: "Now is the period of government controlling prices, who would dare to wind up their prices? alsothe project will need the government permit in obtaining pre-sale permit, and the Government will not approve the price adjustment later. "Projects like Global village Hopson, Beijing and Hong pixels, K2 Lily Bay, and other items on sale of LOFT get replies that prices are not rising up.
Supply will not be dropped, home buyers do not have to rush
Take June 1st as limit, the Beijing market Commercial transformed houses are no longer issuing certificates? Supply of commercial houses will sharply decrease? Do buyers need to "quickly" rush buying it?
In this regard, the Department of Beijing Centaline three-degree market research director Dawei said those without permits before June 1st will not be getting pre-license. In fact, the policy is not restricted for planned projects,and projects with permits, but only to those didn't make the plan yet. So in the near future, the supply for commercial transformed market will not drop sharply, and the controlling effect will appear in half a year.
Industry expert have suggested that recent buyers don't have to panic,and carefully consider projects' location, size, price, support, and future appreciation of space and other factors according to their actual needs, then make a decision.
live in Beijing Construction Committee, Municipal Planning Commission etc of five departments jointly issued the "linkage on strengthening the sector, improve the commercial, office class project management" to stop the commercial transformed buildings. Here, I will interpret the major provisions.
1. LOFT project no longer set single toilet
Original: "Secondly, the architectural design units, construction drawing review body should be strictly in accordance with the project feasibility report, the contents of planning permission and construction norms, standards, commercial, office class project design and construction plan review, commercial, office class projects should generally be taken the settings of public corridors, public toilets layout instead of unit type, or types of residential units.If there are special requirements, then goes with special requirements."
Resolution: This means that developers can not arbitrarily change the architectural planning, commercial, and office type projects need to build public health, can no longer build a single set of bathroom. "No residential units by unit type or types of design ", it means that the future of commercial, office type projects do not plan to use the dwelling house, but the planning permit, except with special requirements.
2. Planned and approved LOFT project can still get pre-sale permit
Original: "Four, city, district (county) building housing authority will have pre-sale permits based on recording mapping results or they do filing procedures right on site."
Resolution: This means that for those LOFT, hotel-style apartment project without a permit will still get a pre-sale permit if its project has been approved , as its project plan has been filed for approval, you can still get pre-sale permit, without notice restrictions. Previously there have been media misreading that LOFT that doesn't have permits before June 1st will not be available for selling, but it's actually depending on whether it is approved planned.
3. Illegal partition sale, unable to obtain certificates
Original: "Fifth, commercial, office class housing registration program has fixed boundaries, can be used separately and there are unique number of the house or specific space. Any virtual, crossed split partition and registration to the housing units are prohibited."
Analysis: Beijing Municipal Construction Commission and other departments had issued a "Notice on the strengthening of the hotel projects sales management issues related" the project is a classification against last year notice, which means from now on, sub-unit sales will not get independent property rights if projects like LOFT, hotel categories don't have planning permission.
4. "Buy a shop and 300,000 less""Shop sale with a 10 year lease"are violations
Original: "Seven, real estate development enterprise shall not be having sales of return cost other ways of selling commercial, office type projects."
Analysis: This sales type usually have "buy shops 300,000 off ", "Shop with a 10 year lease"and other promotions, this is a typical return cost sales and after-sales back to the charter model. The provision meant until June 1, commercial, office class project shall not use such illegal sales model.
5. Irregularities inside, can not pass the final acceptance
Original: "Eight, planning administrative departments should strengthen the commercial, office class project completion and acceptance of the review and planning,for internal adding layers and increasing the area without planning will not be accepted as OK."
Analysis: Nowadays the majority of loft projects will give owners promises, and increase the internal partition layer, making one layer into varying layers. The provision means that after June 1 for LOFT projects with evidence, developers may not increase the internal layer until they pass the final acceptance. In other words, it will undoubtedly increase the renovation cost and security risks.
Industry watch
Commercial transformed buildings can not take more risk
VP Secretary of Real-estate Association Chen Zhi
Housing Committee has issued files to forbid hotels and non-residential buildings to sale partially, which is actually to make the real-estate controlling policy and non-transformation of commercial buildings more accurate. This is connected to the rise of "non-purchase limit" of LOFT, and hotel apartments projects. This publish means that the living room for this projects in the future will be smaller, and no more risk to take.
not much room for the project price rise
Beijing Central China Market Research
Although some commercial projects to change lives by lack of some residential property buyers to purchase sought permission, but need to remind consumers to buy commercial projects changed lives, there are many risks: commercial and residential property projects only 40 or 50 years; water and electricity, property, etc. Fees are charged according to commercial standards, much higher than residential; change the lives of these providers in the market, then trading house, due to higher domestic transaction taxes, relatively low market acceptance.
In addition, the sales price of the project has been submitted for approval for the record, need to re-approve the price adjustment, and the government price controls are more strictly regulated. Many factors that lead to those who have a pre-sale permit LOFT, hotel-style apartment project a price hike is unlikely.
Commercial real estate will stay strong sales change
Weiye I Love My Family, group vice president Hu Jinghui
The "cut to change to live"policy introduced on the future of the LOFT, products apartments must have a greater impact. Today, most buyers have gradually recognized that some of the shortcomings of commercial and residential projects, including the high cost of utilities and property costs, and the actual use should not be living there some place, so the next step in such commercial project for the "R" Definitely cool. Recent efforts to promote real estate has started to increase, most developers will choose to complete the project faster sales. Developers also believe that such products will not be the dominant species on the market in the future, most of the planning approval have been completed in the LOFT project will increase promotional efforts, to return the funds as soon as possible.
Expect more detailed implementation of policies
Chain property, principal analyst Zhang Yue
According to statistics, in April (to April 27) the total amount of Beijing real estate transactions, commercial and office project on volume of 2354 units, newly built commercial housing turnover of about 50%, showing that commercial and office projects in the new housing market Still play an important role, especially in the current housing market affected by the regulation and control policies, many developers began to seek to enter the commercial real estate market, for the management of commercial real estate will become an integral part of regulation. But from the point of view the provisions of this notice, its provisions still more macroscopic, the specific implementation details have yet to be introduced.
