Beijing Wudaokou Housing Prices: 100k RMB Per Square Meter
by Fauna on Thursday, March 21, 2013
by Fauna on Thursday, March 21, 2013
From NetEase:
Beijing Wudaokou housing prices 100,000yuan per square meter, netizens: [Must be the] center of the universe
China Economic Net Beijing March 20 Report. Recently, netizen @AdRa1n posted a real estate agency’s home listings showing that homes in Beijing’sWudaokou neighborhood are 100,000 RMB [16k+ USD] per square meter. This home in the Beijing Haidian district Wudaokou neighborhood school district is 37 sqm at 3.5 million RMB, or 100,000 RMB per sqm. Then property developer Ren Zhiqiangsighed: “The original price back then was only 4000-some yuan per sqm.” One netizen expressed: It is Wudaokou that is the center of Beijing, the center of the universe, and now I’ve given up all hope of buying a home in Beijing.
Industry insiders say the trend in housing prices in rising quickly, mainly because of its school district, close to Tsinghua and Peking Universities. However, many netizens still cannot accept it, with netizen “围脖-你的心情” scoffing at the housing prices: “Looking at these housing prices is like a joke!” Netizen “齐不凡” mocked very “aesthetically”: “Early in the morning, while on the balcony of my 36th floor home, I poured myself a cup of 37℃ water, and softly blew dry the rust floating on top.
Although it is smoggy outside the window, I can close my eyes, and rely on the sounds that not far away is the university I was just 300 points shy of getting admitted to, with busy office workers rolling back and forth on the subway and public buses like ants. I delightfully listen, listen to the gasps of the lowly lives of the downtrodden. This is Wudaokou, the center of the universe.” Netizen “周伯通招聘” who came to Beijing for work laughed: “A 100,000 per sqm home can be rented for just several thousand yuan, Little Zhou [referring to self] expresses being extremely blessed;
As a migrant worker, I don’t even need a Beijing hukou to be able to live in such an world-class high-end community as Wudaokou, so Little Zhou expresses being extremely proud! 4000 yuan/sqm in 2000, an increase of only over 20 times, truly not expensive!”
The Two Meetings that just ended confirmed the goal of continuing to tightly control housing prices, but numerous netizens still find the high housing prices unacceptable. Netizen “边城” said: “Even if my wages were to ride a rocket they would never catch up with rising home prices.” Whereas netizen “典道体育” sighed: “In Beijing, it’s not about using money to buy a home, it’s about using one’s life to buy a home!”
Opposite the many scoffs and sighs, there were also many rational netizens who analyzed and provided suggestions. Netizen “Seven_张” believes: “In the 10 years since 2003, and if we go by wave theory, after Beijing home prices experienced the 2nd and 4th adjustments of the 2008 and 2011 waves, it should already formally have entered the 5th wave.
Speculators have reached the unloading stage, but liquidity has been removed by the State Council’s 5 [Housing Market Regulation] Policy Measures, leaving no alternative but to continue pushing the prices up, moving towards following suit. No one buys at 100,000 [per sqm], but it is hung there to create anticipation of rising prices, to attract people to buy the houses next to it at 60,000 [RMB per sqm].”
Whereas netizen “韦世亨” proposed: “If you want Beijing’s housing prices to drop, it’s simple. Right now, the main thing is that the best schools are all centralized in Beijing. As long as the government stipulates that anyone regardless of possessing a Beijing hukou can enjoy equal school admissions, Beijing’s housing prices will naturally fall.”
