120%超高得房率将成“绝唱”？

Core Viewpoint - The Guangzhou government is set to implement new regulations aimed at curbing "area theft" in residential construction, which may lead to the end of new homes with over 120% efficiency rates [2][3]. Regulatory Changes - New regulations will target design practices such as recessed windows and unauthorized modifications to flower beds, requiring projects to adhere to stricter building standards [2]. - Although there are no direct restrictions on efficiency rates yet, the approval process for project submissions has become more stringent, making it difficult to achieve previous high efficiency rates of 120%-130% [2][5]. Market Dynamics - The trend of high efficiency rates in Guangzhou emerged after the implementation of the "Guangzhou Building Engineering Floor Area Ratio Calculation Method" in November 2023, which allowed for increased balcony area and deeper recessed windows [5]. - The competition for high efficiency rates has led to questionable practices among developers, such as disguising structural elements to evade area calculations, which raises safety concerns [7]. Impact on Housing Market - High efficiency rate projects have negatively impacted the existing new and second-hand housing markets, with some developers facing challenges due to new regulations [9]. - As of August 19, over 140,000 second-hand homes were listed in Guangzhou, with a significant portion being older properties with lower efficiency rates [8]. - New projects under the revised regulations have shown strong market performance, with some achieving over 70% sales rates shortly after launch [9]. Developer Behavior - Developers are adjusting their designs in response to stricter regulations, with some reducing building heights and eliminating certain features to comply with new standards [11]. - The tightening of regulations may lead to decreased enthusiasm among developers for acquiring land and launching new projects, as indicated by industry analysts [11].