Wuxi Property Market New Deal: Purchases are still restricted within 2 years of divorce, and the down payment for the second home is not less than 60%
On August 30, Wuxi City, Jiangsu Province officially issued the "Notice of the Municipal Government Office on Further Promoting the Stable and Healthy Development of the City's Real Estate Market." The "Notice" issued this time further upgraded the purchase restriction policy, and at the same time tightened the tax content and loan policy for housing transactions.
Judging from the content of the "Notice", this policy mainly includes five aspects, including strengthening land market control, supporting residents' reasonable self-occupation needs, resolutely curbing speculation and real estate speculation, rectifying and regulating the real estate market order, and strengthening real estate market monitoring and analysis.
In terms of resolutely curbing speculative real estate speculation, the current policy is clear and perfects the purchase restriction policy of commercial housing. For couples who purchase commercial housing within 2 years after their divorce, the number of housing units owned by the family before the divorce is calculated based on the number of housing units owned by the family before the divorce.
Yan Yuejin, research director of E-House Think Tank Center, pointed out that this is the core content of this policy. According to Wuxi's existing house purchase policy, two sets of local household registration are allowed to subscribe, and one set of non-local household registration is allowed under the conditions of 2 years of social security. Such policies are also to prevent fraudulent purchases by fake divorces. This is also an important manifestation of this year's purchase restriction and patching. Through this kind of policy, after a false divorce, both spouses will not increase their new home purchase qualifications, whether it is for local or foreign household registration.
In terms of tax regulation and control, the time limit for VAT exemption for personal housing transfer in urban areas (excluding key areas for shantytown reconstruction) has been adjusted from 2 years to 5 years.
In addition, as agreed upon by the market interest rate pricing self-discipline mechanism of Jiangsu Province, the differentiated housing credit policy in Wuxi urban area will be adjusted. For those households who already own a house and have not settled the corresponding housing loans, apply for commercial personal housing loans to purchase commercial housing again. , The minimum down payment ratio is adjusted to not less than 60%.
It is worth mentioning that the policy puts forward for the first time a “penetrating verification of the source of funds for land purchase”. Industry insiders believe that such regulations have been rarely mentioned in the past few years, and this re-raising has very strong signal significance. In fact, after the 930 policy in 2016, there were such expressions all over the country, and there were few similar expressions in the following years. The content of the penetrating inspection mentioned by Wuxi this time is in line with the policy guidance of the central government and Jiangsu Province, that is, the spirit of the 820 Housing and Enterprise Symposium of the Ministry of Housing and Urban-Rural Development of the Central Bank, and the guidance of the classification and regulation of residential land that Jiangsu has just mentioned, which is helpful To combat Wuxi's recent land price speculation and other phenomena, it is also the content that relevant real estate companies need to pay attention to.
At the same time, tax inspections and market supervision were strengthened for the transactions of hot school district housing, and the behavior of speculating on school district housing concepts and driving up second-hand housing prices was severely cracked down. Stop the implementation of the relief policy regarding pre-sale permits and capital supervision of commercial housing during the epidemic.
The following is the full text of the New Deal:
Notice of the Municipal Government Office on Further Promoting the Stable and Healthy Development of the City’s Real Estate Market
1. Strengthen land market control
Increase the supply of residential land. In 2020, the area of ordinary residential land for sale will increase by no less than 50 hectares over the previous year. Establish a linkage mechanism between housing prices and land prices to effectively control land prices, and strictly implement the "limited housing prices and competitive land prices" transfer model in hot areas. Strictly implement the regulations on the use of self-owned funds for land purchases by development enterprises, and the financial supervision and control authorities shall carry out penetrating verification of the sources of funds for land purchases.
2. Support residents' reasonable self-occupation needs
We will improve the housing security policy system, introduce public-ownership security housing management policies, accelerate the construction of affordable housing, and meet the basic housing needs of low- and middle-income families with housing difficulties. Increase the supply of rental housing through multiple channels, carry out pilot construction of rental housing, and encourage the conversion of idle and inefficient commercial office buildings into rental housing. Accelerate the transformation of old residential areas and comprehensively improve the livability level of old residential areas.
3. Resolutely curb speculative real estate speculation
Improve the purchase restriction policy of commercial housing. For couples who purchase commercial housing within 2 years after the divorce, the number of housing units owned by the couple shall be calculated based on the number of housing units owned by the family before the divorce within the urban area of this city.
Give full play to the role of tax regulation, and adjust the period of VAT exemption for personal housing transfer in urban areas (excluding key areas for shantytown reconstruction) from 2 years to 5 years.
As agreed upon by the market interest rate pricing self-discipline mechanism of Jiangsu Province, the differentiated housing credit policy in Wuxi City shall be adjusted. For those households who already own a house and have not settled the corresponding housing loans, apply for commercial personal housing loans again to purchase commercial housing, the minimum The down payment ratio is adjusted to not less than 60%.
Financial supervision departments must strictly examine the sources of funds for house purchases, monitor the destination of consumer loans and personal business loans, and strictly prevent residents from embezzling consumer loans and other loans for house purchases.
4. Rectify and standardize the order of the real estate market
Fully implement the housing price declaration system, and explore the "three-in-one" verification mechanism for contract filing prices, loan verification pricing, and tax declaration prices. Strengthen tax inspections and market supervision on housing transactions in hot school districts, and severely crack down on speculation on school district housing concepts and drive up second-hand housing prices. Stop the implementation of the relief policy regarding pre-sale permits and capital supervision of commercial housing during the epidemic. Fully implement the delivery system of standard model houses, implement classified management of basic decoration and upgrade decoration, and support diversified demand for finished housing.
5. Strengthening the monitoring and analysis of the real estate market
Improve the real estate market monitoring system, strengthen the building of market monitoring capabilities, establish real estate transaction, real estate registration, land, finance, taxation, statistics and other data collection and business coordination mechanisms, steadily promote the construction of real estate listings, and establish an information sharing mechanism between housing transactions and real estate registration Continually improve the level of market analysis and judgment. The news media should objectively report on the real estate market situation, and seek truth from facts to reflect the real estate market situation; strictly crack down on false reports and malicious speculation in accordance with the law, and eliminate behaviors that disrupt the market and mislead consumption.
The Paper Journalist Ji Simin