Bubble Times Are Here Again: Shanghai Residents Lining Up to Buy Homes, Chengdu Residents Cancel Vacations, Beijing Luxury Home Sales Triple

Is the mood really changing or is the media whipping up sentiment as per government orders? With mortgage rates tumbling and tax changes working in their favor, sellers are hiking prices. There's definitely a pickup in luxury activity, with buyers lining up to buy homes in Shanghai and Beijing sales and prices ticking up . Meanwhile, in Chengdu, homebuyers abandoned their Qing Ming Festival vacation plans to look at houses instead.

In Shanghai, people with net worth of ￥10 million and above queued up to buy homes in the wake of changes to the law, leading to ￥400 million in sales in one day.

March 30 the introduction of the New Deal 22 o'clock that night, Shanghai Huangpu financial Green Bay, Royal Park are selling very popular, million net worth above the crowd, have queued overnight to buy a house. Data show that 31 evening, Shanghai into green single-day turnover reached 400 million yuan, the data, aspirations Shanghai housing prices the highest single-day turnover.

In Chengdu, vacations were cancelled:

According to the "Chengdu Business Daily" reported that after the New Deal during the Qingming holiday, Chengdu, some real estate booming, and even buy a house "abandoning vacation."

At 11:00 on April 5, in Chien-fa · Heron Island International Chengdu Tianfu Road and South Second Street intersection, although close to lunch time, but buyers still flocked to the sales department contacts, in consultation with the district almost packed, popularity is very busy.

The conclusion to the article is amusing:

Macroeconomic policy for the property market deregulation, the purpose is not to let the barbaric growth industries. Cross-border, fine, reasonable profit, will become the ultimate development of the industry trend. "March 30 New Deal" to the property market with great confidence, that confidence is more rational and sensible, rather than letting the market into madness stimulant.

Even though the media is trying to whip up a housing frenzy, they don't want to actually cause a housing frenzy, so everyone please be more rational this time.

iFeng: 再现连夜排队买房 房企透露房价是否要大涨

In Beijing, luxury homes are selling like hot cakes and prices inside the 4th ring have crossed above ￥80,000 per sqm, up from ￥50,000 in 2013. Luxury booms as the rest of the market stagnates, sounds familiar......

Sales of homes selling for more than ￥100,000 per sqm have almost tripled from last year's figures.

Among them, the turnover of the average price of highest of properties for sale for Wanliu academy, a total of turnover of 15 sets of, turnover the average price of amounted to 134,985 yuan / square meter, clinch a deal the amount of for the 532 million yuan; ranked second place is the the central axis of international, clinch a deal 1 sets, the amount of for the 66 million yuan, the average price for 118,669 yuan / square meter; the third-bit, compared with Pangu Taikan, clinch a deal 96 sets of, average transaction price for 107,705 yuan / square meter, clinch a deal the total amount of for 6.817 billion yuan; even if is the average transaction price the lowest of the project, the average price is also close to 70,000 yuan / square meter.

iFeng: 北京豪宅成交暴涨 四环房价将进入8万元时代