Some property markets in Shenzhen are booming, which supports the inflow of low-interest operating loans into small and micro enterprises in disguise.

The fiery property market in some parts of Shenzhen has aroused great concern from all walks of life. Behind this round of epidemic upsurge, some buyers have found new leverage opportunities, which is also worthy of attention.

Who buys a house in Shenzhen? The reporter interviewed a number of senior real estate sales staff. Real estate prices in some areas can rise rapidly in a few months, mainly to improve demand and investors. They act quickly and have a strong tolerance for housing prices. "Recently, many buyers began to consult the houses in Luohu, most of which are just buyers, because all kinds of facilities there are relatively mature and perfect. In addition to the high-quality degree room, the price there is still relatively stable and upward, and it is difficult to see a rapid rise only by those who just need to buy houses. " Chen Feng (pseudonym) used to be the ace sales manager of a real estate company, but now he has opened an intermediary agency.

Many people in the real estate industry also pointed out to reporters that under the COVID-19 epidemic, a series of rescue measures for small and micro enterprises were introduced, which made most banks relax mortgage loans, operating loans and other loan projects, and some property buyers also found new opportunities to leverage. Whether this trend will cool down or spread will depend on whether the sources of funds strictly supervise the use of funds.

Buying a house: a financial competition

Recently, the Shenzhen property market took the lead in "awakening" in Nanshan District and Baoan District. In the new housing market, a number of projects with a unit price of more than 65,438+10,000 yuan "tea fee" reappeared in the rivers and lakes, and the regulatory authorities attacked again. The second-hand housing market is uneven in heat and cold, but many property buyers are still fidgety by these phenomena.

As Chen Feng said, real estate prices in some districts can rise rapidly within a few months, mainly due to improved demand and investors. It is difficult to see such a rapid rise only by just-needed buyers, but when a point is detonated, it will inevitably be transmitted to other areas, so many just-needed buyers are also disturbed.

"Buying a house in Shenzhen has always been a financial competition." Chen Feng said that on the surface, the real estate-related loan policy has not been loosened, but the epidemic has provided some investors with new opportunities-financial institutions support the production and operation of small and micro enterprises by adjusting policies and implementing preferential interest rates, which seems to be favored by some investors.

How to apply for such a commercial loan? A person from a state-owned bank in Shenzhen told reporters that if there is a house with a red book and a registered company under its name, you can try to apply. As for the loan amount, the bank will measure it through a randomly selected appraisal company, generally according to 70% of the appraisal price. But there are still some specific details. For example, the applicant must own a company that holds more than 20% of the shares and has been in business for two years. Newly registered companies can also apply, but the loan amount is relatively low. In addition, the company's business license, relevant asset certificates, bank run records, purchase and sale contracts and other materials under the applicant's name also need to be prepared.

What if there is no registered company? At this time, an intermediary suggested to reporters: directly buy a company that has been operating in industrial and commercial registration for 2 years, and the market price is several thousand yuan. For the purchase and sale contract, it is usually used to prove the purpose of the company's funds, because the company applying for operating loans also has certain industry requirements. "Purchase and sale contracts can also be purchased with money. In fact, these materials are to meet the relevant requirements of the regulatory authorities and ensure that funds go out without violating regulations. " The intermediary revealed.

20 16 China people's bank Shenzhen central sub-branch office issued regulations that the loan term of other personal consumption loans (including real estate business loans, mortgage and pledge loans, etc.), except personal housing loans, car loans and student loans shall not exceed 5 years at the longest; Personal consumption loans shall not be issued by mortgage (secondary mortgage) of real estate that has not been released; At the same time, strengthen the supervision of the flow of bank consumption loan funds. For the above-mentioned business loans, the banker told reporters that the loan term has also broken the "no more than 5 years" limit, the longest is 10 years, and there are also 8 years. Pay the interest first and the principal once a year, but you can cross the bridge once. In other words, if a company borrows 3 million yuan, it will pay the principal of 3 million yuan once a year, but it can recover the principal in a few days.

According to market sources, you can still enjoy a six-month loan discount if you apply for relevant loans. In this regard, bankers told reporters that there are such concessions, but it is too late to apply now, because the loans to be released before the end of this month can only be enjoyed, and the amount is limited.

In fact, the biggest "surprise" to attract loan applicants is that loans obtained in the name of various types of support for small and medium-sized enterprises generally have the characteristics of low cost. Some bank staff said that the one-year benchmark loan interest rate of 4.35% is lower than the mortgage interest rate in most cities, and even some "small discounts" can be made according to the qualifications of customers and companies. In addition, the staff of the appraisal company told the reporter that the appraisal price is based on many factors, most of which refer to the transaction price of the real estate, but now there is such a situation, and the market listing price of the relevant community and the surrounding housing prices will also be referred to, so the appraisal price will be high.

credit funds

Pay attention to entering the property market

How much similar loans can play in the real estate market depends on the supervision of the flow of funds. The above-mentioned bank personnel told reporters, "Unless the upper-level policy is tightened, the bank will temporarily ask customers to provide relevant materials to prove the purpose of the loan. Once the purpose of the loan is inconsistent with the description at the time of application, the bank will recover the loan within a time limit. But if you control it yourself, if the funds are used several times, there is basically no problem. "

Mr. Huang, who runs clothing production in Pingshan District, told reporters that the clothing business was greatly affected by the epidemic. He was really going to sell the house to raise money before, and now he is going to apply for a commercial loan. As for how to use the loan after he got it, he smiled and said nothing.

Investors in Shenzhen have always been very good at using various financial and leverage means. Some market participants also pointed out that although there are many factors affecting housing prices in Shenzhen, financial leverage is only one of them, but if bank credit funds really enter the property market at a lower cost than mortgage, this phenomenon has to be taken seriously. In addition, among the thousands of investment companies active in Shenzhen, there are indeed companies specializing in real estate investment.

In the past, financial chaos such as down payment loans once appeared in Shenzhen property market, and relevant departments also took measures to rectify it. Li, chief researcher of Guangdong Housing Policy Research Center, believes that banks have relatively abundant funds and high availability of funds recently, which has also become one of the factors that boost housing prices in some areas of Shenzhen. "Whether this round of market is sustainable depends mainly on the tightness of the follow-up bank funds flowing to the real estate market. If the capital flow is tightened or banks strictly supervise the use of corporate funds, the Shenzhen property market may cool down. Without leverage, the rise in house prices is unsustainable. "

Yan Yuejin, research director of the think tank center of Yiju Research Institute, said that high leverage will bring a lot of shocks to the property market, especially against the principle of "housing and not speculating". Excessive "hype" of some projects will not only bring risks to the "takers", but also the uncertainty of some illegal funds will even affect the security of the financial system.

According to the transaction data tracked by Shenzhen Real Estate Agency Association, few of the high-priced or even "sky-high" houses put up by major intermediaries can finally be traded according to the original quotation, and some even have zero transactions recently, while the houses traded at the price before the quotation rose occupy the mainstream. At the same time, judging from the online signing data, the online signing volume (transaction volume) in relevant hot spots has not increased significantly recently because of hot speculation, and the rapid recovery of transaction volume is mainly concentrated in areas with high-quality geographical location and high-quality school district housing resources, so this wave of market does not represent the whole city.

According to public information, the Shenzhen Housing and Construction Bureau pointed out that the prices of second-hand houses in some hot areas and hot properties have increased recently, mainly due to the concentrated release of demand accumulated in the previous period. At the same time, some properties also have intermediary and self-media hype leading to price increases. The government attaches great importance to the problems reported by some citizens, such as "charging tea fees", "property hoarding" and "malicious price increase", and has conducted in-depth investigations with various districts and relevant departments, and will severely deal with malicious speculation in housing prices according to the investigation results. At the same time, in view of the phenomenon that the listing price of second-hand houses is obviously higher than the real transaction price in the market, institutions and individuals maliciously speculate on housing prices, some false statements published by the media that disrupt the market order, the evaluation agencies praise high loans, and the illegal operation of "black intermediaries", the relevant departments jointly launched a three-month special rectification campaign against market chaos, resolutely cracked down on illegal activities and promoted the stable and healthy development of the real estate market.

(Source: Wojking Wu/Securities Times 2020-04-20 Original title "Shenzhen property market is hot: the temptation of low-interest funds")