China-Singapore Jingwei, May 18 (Dong Xiangyi) Statistics from the Central Plains Real Estate Research Institute show that in May, more than 40 cities issued policies to stabilize the property market.

Policies involve reducing down payments, increasing provident fund loan quotas, canceling sales restrictions, and relaxing purchase restrictions.

In addition, Hangzhou and other places have also increased the purchase qualifications of three-child families.

Which signals are released?

  New latitude and longitude in the data map

Property market policies are loosened in many places

  On May 17, Hangzhou issued the "Notice on Further Promoting the Stable and Healthy Development of the Real Estate Market", which further improved the regulation of the real estate market in terms of optimizing second-hand housing transaction policies, improving tax regulation, and better meeting the housing needs of three-child families.

  Hangzhou has relaxed the purchase restriction policy on second-hand housing. The notice makes it clear that when purchasing second-hand housing within the scope of Hangzhou’s purchase restriction, households with registered permanent residence in the city for less than 5 years have no social security payment requirements. Previously, they had to meet the social security requirements for 2 years.

Foreign household registration to buy second-hand housing is required to continuously pay urban social security or personal income tax for 12 months, and previously required to pay 4 years of social security.

  Among the strong second-tier cities, Hangzhou took the lead in loosening the ties. Zhang Dawei, chief analyst of Centaline Real Estate, told Sino-Singapore Jingwei that Hangzhou’s policies are not strong, but as the leading representative of the hottest area in the current property market, Hangzhou’s action represents that this round of property market rescue will be comprehensive. upgrade.

  At the end of April this year, the Political Bureau of the Central Committee set the tone for the real estate market, proposing to "support all localities to improve real estate policies based on local conditions, support rigid and improved housing needs, optimize the supervision of pre-sale funds for commercial housing, and promote the stable and healthy development of the real estate market." The policy has entered a period of intensive optimization.

  According to incomplete statistics, since May, at least 40 cities, including Chengdu in Sichuan, Haikou in Hainan, Luoyang in Henan, Dongguan in Guangdong, Putian in Fujian, Jiaxing in Zhejiang, Nanjing in Jiangsu, and Shenyang in Liaoning, have introduced policies to stabilize the property market, mostly by reducing down payments and increasing the amount of provident fund loans. , to provide housing subsidies, cancel sales restrictions and other means.

  New latitude and longitude in the data map

Three-child families increase the eligibility to buy a house

  It is worth noting that the Hangzhou New Deal has increased the purchase qualifications for three-child families.

The notice proposes that eligible three-child families will increase the number of housing units within the purchase limit by 1; when registering for the public lottery sale of newly built commercial housing, refer to the priority lottery for "houseless families".

  In fact, in addition to Hangzhou, Dongguan, Nanjing, Shenyang and other places have also issued similar policies.

  The Dongguan Municipal Bureau of Housing and Urban-Rural Development and other departments issued a document on May 14 stating that households who meet the national fertility policy and have two or three children are allowed to purchase a new set of commercial housing.

  Since May 11, Nanjing households with two or more children can purchase a new set of commercial housing and enjoy the support of the most preferential loan interest rates of relevant banks.

  The Shenyang Real Estate Bureau issued a document on April 30 saying that households with two or three children under the age of 18 who already own two houses in the Shenyang administrative area can purchase another new set of commercial housing in the Shenyang purchase-restricted area. , in addition to relax the provident fund loan limit.

  Yan Yuejin, research director of the Think Tank Center of the E-House Research Institute, believes that such regulations fully reflect the active protection of three-child families in purchasing houses.

The priority lottery for homeless families also has a very large orientation, which can fully guarantee the increase in the rights and interests of such families in subsequent home purchases.

At present, the policy content of adding a set of house purchase qualifications for families with three children in various places may be promoted in all parts of the country, which has become an important manifestation of promoting population growth and protecting the living rights of families with three children.

  The above-mentioned new policy "adapted to the policy orientation of encouraging childbirth in recent years, and this move will release part of the demand for house replacement driven by the increase in family population." Li Yujia, chief researcher of the Housing Policy Research Center of the Guangdong Provincial Planning Institute, believes that the policy is more for the property market. The signal significance is that the country's policy orientation for the birth of three children is to reduce the cost of birth, parenting, and education. In terms of housing, it should be more to reduce the cost of housing and promote the willingness to produce and consume.

  New latitude and longitude in the data map

Nearly 130 cities stabilized the property market during the year

  According to statistics from the Central Plains Real Estate Research Institute, since 2022, nearly 130 cities have issued new policies to stabilize the property market.

  Zhang Dawei believes that this year, from central ministries and commissions to local provinces and cities, policies are being introduced to stabilize the property market.

From the perspective of the market, with the emergence of the policy bottom, the bottom of the market transaction has gradually begun to approach.

  Why do property market policies keep loosening?

Zhang Dawei believes that compared with previous years, the property market adjustment period was very long and the property market downturn was slow. In this round of the market, many large housing companies have been inhibited from financing channels, and the mortgage lending at the sales side has slowed down. The property market adjustment speed is very fast. Look, refreshed the history.

However, with the gradual stabilization of the policy, especially the stabilization of the credit policy since the fourth quarter of 2021, the central bank has continued to release information on maintaining stability, and the personal mortgage and home loan data has stopped falling. For the market, it is expected to stabilize gradually. The market bottom is expected to appear faster in the third quarter of this year.

  Chen Xiao, a senior analyst at Zhuge Housing Data Research Center, believes that the current policies are mostly focused on the demand side, and the measures are mostly focused on relaxing provident fund loan conditions, reducing down payment ratios, relaxing purchase and sales restrictions, etc. A certain degree of immunity has gradually formed, and the policy side in the later stage also needs to consider the introduction of innovative policies, such as the new lease-purchase linkage new policy recently introduced in Changsha.

(Sino-Singapore Jingwei APP)

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