Comments by "☨St Louis IX opposed paganism, hæresy \x26 debauchery" (@stlouisix3) on "BEIJING OUT OF MONEY! Local Govts Desperately Offload Real Estate: Supply Exceeds 1.4 Billion Demand" video.

  1. Absolutely Brilliant video on the Mainland Chinese real-estate market and the pressures on it, and how they influence the market and the overall Chinese economy as it relates to the property markets —Timestamps: 🏢 The Chinese property market is showing conflicting signs as the government reassures the public while rapidly divesting its real estate holdings. 00:08 The government emphasizes support for the housing market and real estate as a cornerstone of China's industry. Multiple state-owned enterprises have been selling off properties, revealing the true state of the market. Large-scale property sales have occurred in Beijing, Gan, and Guan, potentially indicating more to come. 🏢 The origins of state-owned properties being offloaded by state-owned Enterprises in places like Beijing's Chaoyang and Jinan are discussed, focusing on the concept of limited competitive housing in land auctions. 04:32 During 2015 to 2016, there was a surge in the national land market as housing prices soared and land prices followed suit. Land regulation became stricter aiming to control land prices, leading to a shift in land auction dynamics. Developers started bidding on aspects like self-retention and other conditions in addition to the price ceiling. 🏢 Local state-owned enterprises in Japan are selling properties at reduced prices to cut losses and recruit capital in a sluggish real estate market. 08:05 Prices of properties sold by local state-owned enterprises have been reduced by amounts ranging from 700,000 to 1.3 million yen, equivalent to selling at 80 to 90% of their original value. There has been a sharp drop in revenue from land sales, with nationwide land sales revenue being 23.3% lower in 2022 compared to 2021, and a further 20.9% decline in the first half of 2023 compared to the same period in 2022. The local debt crisis and decline in the property market have led local state-owned enterprises to deemphasize property-driven economic growth and consider selling properties to alleviate the burden of massive debts incurred due to past dependence on land finance. ⚠ Financial experts predict that the Chinese government will relax purchase restrictions and price control policies in response to the bursting of the real estate bubble. 11:50 State-owned enterprises are offloading properties, indicating imminent policy changes. China's housing supply is enough to accommodate 3 billion people, suggesting an over-supply and uneven distribution. Public outrage over excessive construction of houses and approval of numerous projects. 🏢 China is reconsidering price control measures in its housing market, which could have unpredictable consequences and pose enormous risks. 16:13 Discounts exceeding 15% on property prices might be acceptable if regulations change. Implementing consistent pricing policies nationwide in China's region-specific real estate industry would be challenging. First-tier cities like Beijing, Shanghai, Guangzhou, and the Yangtze River Delta region may be more resilient in an economic crisis.
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