Huizhou, Zhuhai Become Ghost Towns; Tourist Areas Hit Hard By Real Estate Slump

惠州珠海大量楼盘无人住 荒凉得吓人或沦为鬼城

May 7, according to Ming Pao reported that Hong Kong people "back garden", an hour's drive from Shenzhen, Zhuhai, Huizhou, and very likely to become the next "ghost town." Longing large Shenzhen, the Hong Kong-Zhuhai-Macao Bridge concept developers in recent years, large-scale effect from F, New Town, but reporters recently Watch the scene found that the surrounding facilities inadequate, sparsely populated, including Kaisa [ Introduction News ], Fantasia [ Introduction News ] and other development 's part of the real estate is still a barren scene. Some scholars have bluntly, "houses built in the wrong place cover", with the central tightening credit this year, the property market plunge, industry insiders refer to if market conditions deteriorate further, will bear the brunt of such district, become a ghost town.

Doumen key areas for future docking Hong Kong-Zhuhai-Macao Bridge, the main supply of the property market this year, Zhuhai, Zhuhai March new construction of 12 projects, at least half from Doumen; But the mentality of the project focused on the lake, even footpaths surrounding the new disc repaired none , no shops, and living a very inconvenient.

Location farther Kaisa Royal Gold, surrounded by agricultural land, such as solitary ghost town. Project after another early handover at the end of 2012, reporters at the scene rarely encountered residents. Kaisa company secretary Cheung Hung Kwong said the project cost is very low, so the price is not high selling well, will be supporting the construction of the future.

Flagship high-speed rail, "Shenhui half-hour commute" Huizhou Daya Bay area, Doumen developed much earlier than the majority of property sales is good, but the site can see, the high real estate vacancy rate, shops idle than the pedestrian street estate agents also To many. Which handover Tsui Park embankment still more than a year, is still empty. Ms. Guest Gan told reporters that the disk occupancy rate of only two percent, "Many buyers want to move over to work in Shenzhen, but without the right to work in Huizhou."

After the first sale of the flats built supporting population is difficult to move

President of Real Estate Economic Research Institute of the rich Long Bin believes that the new city are generally the first sold, after the construction of facilities. Government needs to have a long-term planning, no industry support, the population is difficult to move, matching inevitably disjointed projects with high vacancy rates, property is difficult to appreciate, creating a vicious cycle. Daya Bay area in recent years, the average price has been low, Fantasia new local disk flowers county average only 4,500 yuan (RMB below), the average price of less than two percent of Shenzhen, local played by many developers downpayment cash rebates and other concessions .

Scholars: the property market continued poor ghost town more and more

As another district sold as tourism real estate, trying to attract Hong Kong and Macao, Shenzhen and off to vacation, Peking University Institute of Public Economics Shi-Yu Tan with respect, such as the Daya Bay District is not suitable for vacation, "the government lack of guidance, the developers did not follow-up operations, the construction of hotels and local tourist facilities only built a house. " Centaline, president of the Southern Region Li Yaozhi frankly, when the property market volatility, investment in tourism demand for real estate is the hardest hit.

Many real estate appears discounts panic, Shi-Yu Tan same expects the property market will deteriorate further, because the mortgage tightening, devaluation, the government anti-corruption, the property market is a negative signal, "No real estate has been built to digest, ghost towns only Yulai the more. "

Zhuhai, Huizhou edged plunge in sales area

Bureau of Statistics figures show that in the first quarter of this year, Zhuhai real estate sales area increased by only 0.3% in 21 months since the most dismal, inventory rose to 19,698 more Lai partner to March volume terms, the goods go up to 23.6 cycles months, well above the healthy level 6-9 months. Huizhou first quarter real estate sales also fell by 62 per cent to the end of March as of salable area calculations goods cycle up to 15 months. The whole Pearl River Delta area of real estate sales in the first quarter of this year by 11% yoy backwards.

"Ghost Town" usually refers to low occupancy rates, vacancy rate, supporting poor, no one stands available everywhere in the city. This phenomenon appears to follow urbanization mainland, one of the most well-known than the Ordos, China's largest ghost town in 2010 by the U.S. "Time" Disclosure of Inner Mongolia. This year the second and third tier cities oversupply risk increased sharply, many scholars worried about the spread of ghost towns.

Make money by selling government contributed ghost town

The reason behind it is a ghost town local government Yamiaozhuzhang, eager to sell to, improper planning, infrastructure facilities lag, nor the patience to engage in the second and third industrial construction, resulting in a real estate is like a desert island, the owners have resisted stay.

Lack of pavement next to the new disc may only be a convenience store district

Watch Zhuhai Doumen reporter personally saw a large new disk built in the two-lane highway on both sides, but no pedestrian streets and footbridges crossing the road is very dangerous. Kaisa (1638) in the local residential real estate supermarket door closed, the entire district is only a small convenience store in the business. In Huizhou, Huiyang reporters want from high-speed rail station to the Daya Bay area, the road hiccup, although many taxi drivers touting for business, but not by the meter charge. Daya Bay district during the day, people henashi rare, only to see the tanker near the petrochemical area of ​​a vehicle zips. The taxi driver said, only 10% of the area at night lights.

Public Economics researcher with Peking University, Shi-Yu Tan pointed out that the government is very short-sighted development plans, income is not sustainable, "the real estate industry should serve, speaking to do tourism, real estate, pension and real estate, but why not build 揦 hotel, do not build the hospital?" Huizhou certain Mainland officials told the media that, even if it is a ghost town to sell land, or money to build facilities.

Xiaonian economists wrote in the latest blog post, to develop urbanization, local governments must land finance "drug." Shi-Yu Tan with the proposal should allow knowledge of modern entrepreneurs, to return to the suburbs, to promote industrial construction.

Industry to avoid the risk of buying a large property stocks

Mainland property market turning point seems to have been formed, the first developer bankruptcy Earlier, the price surge at the beginning of the country also began to spread, economist Dong Tao means there will be more unprecedented credit crisis this year. Although many large property developers such as Evergrande [ Introduction News ] (3333), Greentown (3900), Agile (3383) 3 times price-earnings ratio has fallen, but industry analysts refer to this risk, to avoid pressure on cash flow Large, high debt within the housing stock.

China more and more second-and third-tier cities to make moves to rescue the market, according to Voice of China "National Network News" reported, Ningbo has quietly adjusted the purchase of the property market policy, Ningbo has throughout the past two suites can not purchase, but if in Ningbo How a district suites, only one set in another area or no room, you can then purchase another set in that area.

Chinese analysts: prices this year or fall

Credit Suisse head of research within the housing stock Jinsong Du believes that this year the property market really is not good, the whole industry at risk, but even worse to La extent remains to be seen. Another Chinese analyst pointed out the room, money was tight during June this year, is the key, then how much room prices if the bust, prices may fall.

Stock selection, Du Jinsong recommended choice in 2008, relatively stable property market crash in 2011 when a large property stocks, cash flow pressure, high debt within the housing stock will have to avoid. According to the forecast of Deutsche Bank, a large property stocks, China Resources Land (1109), Evergrande and Shimao (0813), the largest amount of net cash outflows this year, Evergrande and R & F (2777) up to last year's total liabilities.

Daiwa Securities head of research at real estate林学海China are more optimistic, he said that the mainland real estate industry a big problem, because the demand is still, discounts are still isolated phenomenon, developers will be based on turnover situation , carefully push the new disc, but is expected to housing stock within the next year earnings will fall. He said: "If companies do commercial real estate , or the quality of land resources and more, still a long-term hold, because the land is always valuable. "