Sino-Singapore Jingwei, April 7 (Zhang Shunan) Sino-Singapore Jingwei noticed that according to incomplete statistics, more than 60 cities have issued easing policies on real estate, involving targeted relaxation of purchase restrictions, reduction of down payment ratio, and issuance of housing subsidies.
New latitude and longitude in the data map
Four provincial capital cities "relaxed"
Entering April, Lanzhou introduced "hard measures" to optimize the business environment, one of which included lowering the threshold for personal purchases, the minimum down payment ratio for the first home for individuals from 30% to 20%, and from 50% to 30% for the second home; Families who have paid off their home purchase loans and apply for a loan to buy a house again will implement the first home loan policy; the maximum provident fund loan amount for single employees has been raised from 500,000 to 600,000, and dual-employee from 600,000 to 700,000.
After Zhengzhou, Harbin, and Fuzhou, Lanzhou is another provincial capital city that has issued a new property market policy.
On March 23, the Harbin Municipal People's Government website issued a public announcement on the proposed abolition of the "Notice of the General Office of the Harbin Municipal People's Government on Further Strengthening the Regulation of the Real Estate Market" (Ha Zheng Ban Gui [2018] No. 12).
It is understood that the "Regulation and Regulation Notice" issued by Harbin in 2018 requires the implementation of regional sales restrictions.
In the 6 districts of the main urban area (Daoli District, Nangang District, Daowai District, Xiangfang District, Pingfang District and Songbei District), the cancellation authority of the construction unit's online contract registration information is cancelled. It can only be listed and traded after 3 years from the date of signing the online contract.
In addition, Zhengzhou introduced "19 new policies" for regulation, canceling "recognizing houses and subscribing for loans" and starting the monetization of shantytown reforms.
At the same time, according to media reports, Fuzhou stated that there is no need to provide social security or tax payment certificates or settle down in the main urban area of Fuzhou with foreign household registration, and the transfer procedures can already be completed.
Easing home purchase policies in many places
After Zhengzhou, Harbin, Fuzhou and other provincial capitals took the lead in loosening policies such as loan restrictions, sales restrictions, and purchase restrictions, a number of second- and third-tier cities started a new wave of "relaxation".
Up to now, at least 60 cities across the country have relaxed housing purchase policies.
On April 1, Zhejiang Quzhou Housing and Urban-rural Development Bureau issued the "Notice on Promoting the Virtuous Cycle and Healthy Development of the Urban Real Estate Industry" (hereinafter referred to as the "Notice"), stating that "non-resident households, individual industrial and commercial households, and natural persons invested or Holding companies are deemed to implement relevant house purchase policies for households with registered permanent residence in this city.”
At the same time, unless there are special stipulations in the land transfer announcement, after the "Notice" is released, the sale of newly-built commercial housing on newly transferred plots in urban areas, and new commercial housing of 144 square meters and above in the transferred land that has not been signed online will not be restricted.
Yan Yuejin, research director of the Think Tank Center of E-House Research Institute, told Sino-Singapore Jingwei that Quzhou is the first city in the country to cancel both purchase and sale restrictions this year, which has a very strong signal significance.
Yan Yuejin mentioned that compared with the recent loosening of policies across the country, similar to Zhengzhou and Fuzhou canceling purchase restrictions, Harbin and Qingdao Jimo canceling sales restrictions, Quzhou has a more comprehensive policy and is a city representative with stronger loosening efforts.
Shanxi Jinzhong issued the "Notice on Adjusting the Housing Provident Fund Personal Housing Loan Policy (Trial)", which pointed out that the down payment ratio for the second set of housing will be reduced. If families need to apply for a housing provident fund loan to purchase a second set of improved housing, the down payment ratio will be lowered to not low. 20% of the total purchase price.
Prior to this, Beihai, Zigong, Nanning and other cities have introduced policies to reduce the down payment of the provident fund and increase the loan amount.
Mianyang, Sichuan issued the "Notice on Promoting the Stable and Healthy Development of the Real Estate Market (Draft for Comments)" notice that the maximum amount of housing provident fund loans for couples is planned to be raised from the current 600,000 yuan to 700,000 yuan; in terms of preferential policies for housing purchases for families with multiple children, Financial subsidies are to be implemented.
Policy warm air blows frequently
According to incomplete statistics from the China Index Research Institute, more than 60 cities issued more than 100 real estate-related policies in the first quarter, mainly involving targeted relaxation of purchase restrictions, lowering the down payment ratio, issuing housing subsidies, lowering mortgage interest rates, canceling sales restrictions, and providing funds for housing companies. support, etc.
Behind the frequent blowing of the policy warm air, from the data point of view, the National Bureau of Statistics disclosed that from January to February, the sales area of commercial housing was 157.03 million square meters, a year-on-year decrease of 9.6%, of which the sales area of residential buildings decreased by 13.8%; yuan, down 19.3%, of which residential sales fell 22.1%.
According to statistics from the China Index Research Institute, from the perspective of the sales-to-supply ratio, both supply and demand weakened in the first quarter.
In addition, the inventory scale in key cities declined slightly, but the clearance cycle was prolonged.
If calculated based on the average monthly sales area in the past 6 months, the short-term inventory clearance cycle is 16.2 months, which is 1.4 months longer than the end of 2021. The third- and fourth-tier cities have the longest clearance cycle, which is 19.7 months, which is longer than the end of 2021. 2.5 months.
Zhang Bo, Dean of the 58 Anju Room Real Estate Research Institute, analyzed that from the market performance in March, some cities have begun to look for houses. The addition of recent policies in Zhengzhou, Harbin and other cities will help the market to recover further.
Of course, there is also an uncertain factor here, that is, some cities have been greatly affected by the epidemic. It is expected that the market will maintain a slow recovery in the future, and the differentiation between different cities will still be relatively obvious.
The China Index Research Institute predicts that in the second quarter, with the continuous optimization and improvement of the policy environment and the effective control of the epidemic, market sentiment may gradually return, but under the high base in the same period in 2021, the market transaction scale may continue to fall year-on-year.
Fu Linghui, a spokesman for the National Bureau of Statistics, pointed out that, judging from the situation this year, with the concerted efforts of all parties, we have continued to stabilize land prices, house prices, and expectations, and the operation of the real estate market has undergone positive changes.
Judging from the real estate industry production index, the real estate industry production index decreased year-on-year from January to February, but the decline was narrowing.
The "Government Work Report" also mentioned that it is necessary to insist on housing and not speculating, continue to stabilize land prices, house prices, and expectations, build a long-term mechanism for real estate development, and accelerate the "lease and purchase" of real estate development to further meet the normal needs of the commercial housing market , I believe that the stable development of the real estate market still has foundation and conditions.
(Sino-Singapore Jingwei APP)
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