Client of Sino-Singapore Jingwei on February 28th. Following Wuxi, Suzhou also announced that more than 25% of the investment in real estate projects can be applied for pre-sale.
On February 28, the Suzhou Housing and Urban-Rural Development Bureau issued the "Notice on Responding to Epidemic Situation and Ensuring the Stable and Healthy Development of the Real Estate Market" (hereinafter referred to as the "Notice"), stating that land had been sold and entered into substance before January 24, 2020. In the case of a real estate project at the start-up stage, if the outbreak of an epidemic situation affects its preliminary planning, construction procedures, project progress, etc., the original image progress requirements when applying for pre-sale are adjusted to be calculated based on the investment amount, and the application for pre-sale will complete more than 25% of the investment. Yes (Enterprises with a real estate credit rating of "D" will implement the original standard).
The "Notice" further clarifies that for projects whose land transaction price exceeds the market guidance price, the construction of the project must be capped or pre-sold (sold) after completion and acceptance, the node for applying for pre-sale may be advanced in advance, and the specific criteria are: subtracting us from the normal and reasonable construction period First-level response time for city epidemic prevention and control.
Data map. Photo by Zhongxin Jingwei
In addition, the Notice clearly states that the requirements for the pre-sale area of each phased sales project shall be adjusted from not less than 30,000 square meters to high-rise and small high-rise commercial buildings of not less than 20,000 square meters, and multi-storey commercial buildings of not less than 10,000. Square meters.
The "Notice" pointed out that due to the impact of the epidemic, the construction of the land that has been transferred is postponed and resumed. If the completion cannot be completed on time, the completion time will be postponed accordingly. For the real estate development projects that cannot be completed and accepted as scheduled, the delivery period will be postponed. The delay time is confirmed according to the response time of the first-level epidemic prevention and control in our city.
The "Notice" also pointed out that, according to the relevant spirit of the "Notice on Periodic Reduction and Exemption of Corporate Social Insurance Fees", when non-resident households in the city purchased housing in Suzhou City, Taicang City, and Kunshan City, they were eligible during the epidemic prevention and control period. If the social insurance premiums are deferred or exempted, relevant certificates from the human and social department shall be provided or verified by the human and social department, and the review of the qualification for purchase of a house shall be deemed as normal payment.
According to reports, the notice aims to support real estate companies to actively respond to the impact of the epidemic, and at the same time prevent real estate development companies and construction companies from blindly "rushing time" due to the impact of the epidemic, causing secondary problems such as production safety and engineering quality. The notice applies to areas under the jurisdiction of Suzhou City and will be implemented as of the date of issuance.
Earlier, the Wuxi Municipal Government issued the "Opinions on Policies to Protect the Orderly Construction of Urban and Rural Areas in Response to the Pneumonia Epidemic of New Coronavirus Infection" on the evening of February 12, requiring housing companies not to blindly draw down loans, cut off loans, and press loans to ease business flows. It is difficult for the building to complete the pre-sale after completing 25% of the investment amount; if it cannot be completed on schedule, the completion and completion time will be postponed accordingly. (Zhongxin Jingwei APP)