Heavy!
In this first-tier city, the property market regulation is upgraded again!
If the housing is not capped, the bank will not lend!
Subsequent mortgages will focus on supporting these needs →
Recently, Shanghai's property market has been regulated continuously.
Yesterday (29th) evening, the Shanghai Banking and Insurance Regulatory Bureau issued a notice to once again strengthen the positioning of "housing to live without speculation" and put forward further requirements for the management of personal housing credit.
After the implementation of the new regulations, what specific impacts will it bring to developers and home buyers?
Shanghai property market regulation is upgraded again
The housing is not capped and the bank will not lend
The Shanghai Banking and Insurance Regulatory Bureau clearly stated that it will strictly control the issuance of personal housing loans, and subsequent housing loans will focus on supporting the loan demand for the purchase of the first self-house. At the same time, the conditions that need to be met include that the type of house is small and medium, and the building structure has been capped.
Hu Shizheng is a new house salesperson for a high-end real estate in Shanghai. His project has reached 30% of the height of the building. According to the regulations, he can get a pre-sale certificate for sale.
However, after the implementation of the new regulations, buyers need to wait until the main structure of the entire house is capped before they can apply for a mortgage.
Hu Shizheng said that for developers, before the cap is capped, their return rate may be reduced, and developers may face certain financial pressures.
From the perspective of home buyers, after the implementation of the new regulations, the source of funds for the down payment for the purchase of a new house will be reviewed. If it is mortgaged through housing or other sources of funds, it may affect the eligibility to buy a second new house.
Buyers in Shanghai said that for rigid demand, if the threshold of the policy can be raised to divert some people who invest in buying houses, then the housing available to ordinary home buyers will definitely become sufficient.
On the whole, the pre-sale system has not changed, and real estate companies can continue to sell off-plan houses, but the repayment cycle of home buyers and the progress of payment collection by real estate companies will further slow down, and developers' land acquisition efforts will also be affected.
Yang Yulei, a senior analyst at a Shanghai real estate agency research institute: Because there were many land premium rates last year that were relatively high, if the funding requirements are increased, developers will have a longer period for returning funds, which will also limit developers' enthusiasm for land acquisition.
Since the end of last year, policies on the regulation of the property market have been promulgated frequently.
In the next step, the Shanghai Banking and Insurance Regulatory Bureau will also conduct special inspections on the implementation of real estate policies and self-inspection of commercial banks within its jurisdiction, and take timely regulatory measures.
Lin Bo, general manager of Crane Research Center: There are some adjustments from the demand level to the supply level. I think the overall Shanghai property market in 2021 should be relatively stable.
Shenzhen regulates and strictly inspects housing funds
Strictly control the illegal entry of funds into the property market
Recently, there have been rumors of tightening mortgages in Guangdong. After the four major banks in Guangzhou raised personal mortgage interest rates, banks in Shenzhen have also been cautious about the issuance of home purchase loans. For individual home buyers, bank review is also More and more strict.
The buyer, Mr. Huang, said that this year is the second time he has participated in a new market. His most obvious feeling is that the data review is becoming more and more strict.
Mr. Huang told reporters that he had just gone through the complicated data review of Qianhai’s new development. The average price of the building on record was about 112,000/㎡, and the lowest total price was about 11.53 million.
Take this as an example, the down payment is about 3.46 million, and the monthly payment is about 43,000.
In other words, according to the new regulations, all those who pass the review of the real estate information will earn at least 86,000 per month.
Mr. Huang sells the house first and then buys the house. The source of the down payment is clear, but he is stuck in the proof of income.
Mr. Huang, a house buyer from Shenzhen: This time, the fund review was very strict. I was called back twice.
For the first time, I was asked to provide a monthly income stream that can cover more than twice the mortgage.
For the second time, let me provide the source of funds for the down payment.
I heard that after the house number is selected, if the developer finds that there are some untrue situations in the submitted materials, the developer will have to take back the house, and the bank will not give loans.
Industry insiders said that in order to avoid real estate speculation, the source of the down payment is more stringent.
Some banks will trace the source of funds, especially large amounts of funds, and resolutely prohibit business loans and consumer loans that become down payments in disguise, enter the property market in violation of regulations, or borrow money from others.
Sun Jiayan, general manager of Futian North District of Shenzhen Midland Realty, said that he would not ask about the source of the down payment before. Now because the bank will check, if it is not an immediate family member, suddenly there is an extra deposit in the bank account. Banks generally do not approve loans, so they are relatively stricter than before.
On January 23, the Shenzhen Bureau of Housing and Urban-Rural Development issued the "Notice on Further Strengthening the Eligibility Examination and Management of Commercial Housing Purchases in Our City", emphasizing the qualification review of commercial housing purchases, and further severely cracking down on the phenomenon of "delegation" and other real estate speculation.
In case of violation, buyers will be suspended from buying and selling houses in Shenzhen for 3 years.
Chen Aipin, President of Shenzhen Housing Research Association: Housing loans have always been a core factor in our entire real estate.
The financial policy proved from the practice at home and abroad that it is a very effective measure for our entire real estate market.