Our reporter Du Yumeng
A tough battle to "guarantee the handover of the building" is progressing in an orderly manner.
On September 12, Xu Jiayin, chairman of the board of directors of Evergrande Group, said at the weekly meeting of Evergrande Group on resumption of work, production, and delivery of buildings that there are currently 706 projects of Evergrande National that are guaranteed to deliver buildings, 668 projects that have resumed work, and 38 projects that have not resumed work. Companies in relevant regions must fully resume work before September 30, and make every effort to do a good job in resuming work, production, and handover.
Three days ago, Yang Mingyao, president of Jianye Real Estate, also said at the autumn work deployment meeting of "guaranteing the delivery of buildings and people's livelihood" that the tough battle of "guaranteing the delivery of buildings" must be fought.
In the tough battle of "guaranteeing the handover of buildings", the local government is not absent.
In order to further tackle the problem of real estate problems, since this year, many regions including Jilin Province, Hefei City, Zhengzhou City, Xianyang City, Pingdingshan City and other regions have held meetings successively to make it clear that the work of "guaranteing the handover of buildings" has been fully implemented.
Among them, Zhengzhou City, at the mobilization meeting for the special action of "guaranteing the handover of buildings" held on September 6, clearly put forward the tough goal of "ensure the full and substantive resumption of work of the suspended and semi-suspended projects in early October".
Wang Qing, chief macro analyst of Dongfang Jincheng, said in an interview with a reporter from Securities Daily that "guaranteing the delivery of buildings" not only has an important impact on stabilizing the real estate market expectations, but also has the meaning of protecting people's livelihood.
The Politburo meeting of the Central Committee of the Communist Party of China held on July 28 proposed to stabilize the real estate market, adhere to the positioning of "houses are for living in, not for speculation", and make full use of the policy toolbox to support rigidity and improvement. To meet the demand for sex housing, compact the responsibility of the local government, ensure the handover of buildings, and stabilize people's livelihood.
Since then, the policy of "guaranteeing the delivery of buildings" in various places has continued to increase, which has played a positive role in guiding the stabilization and recovery of the demand side of the property market and promoting the recovery of the financial environment of the real estate industry.
According to the statistics of CRIC Real Estate Research Center, since the Ministry of Housing and Urban-Rural Development, the Ministry of Finance, the People's Bank of China and other relevant departments introduced measures in August this year, it is clear that the construction and delivery of residential projects that have been sold overdue and difficult to deliver will be supported through special loans from policy banks. At least more than 10 cities including Nanning, Huzhou, Shaoxing, Shijiazhuang and Pingxiang have successively introduced policies of "guaranteing the handover of buildings", which include "one-to-one assistance", the establishment of bailout funds, and the encouragement of purchase and sale of houses. As a measure to ensure resettlement housing and other measures.
In terms of real estate rescue funds, at present, Zhengzhou City has set up a real estate rescue fund of 10 billion yuan; the first phase of Nanning's stable real estate fund is 3 billion yuan; Hubei Asset Management Co., Ltd. and Zheshang Asset Management Co., Ltd. jointly established 50 yuan 100 million yuan bailout fund, intensify the acquisition and disposal of non-performing assets in Hubei Province, and serve "guarantee the delivery of buildings, the livelihood of the people, and the stability".
In addition, Hangzhou and Shaoxing also plan to set up real estate relief funds or stabilization funds.
In Wang Qing's view, through the establishment of real estate rescue funds and special loans, many places strive to leverage multiple funds to ensure the resumption of unfinished properties and the absence of unfinished risks in those under construction. "Bottom line thinking" for risk.
In the future, the "guaranteed property handover" policy measures are likely to be further upgraded. It is expected that localities will also innovate and enrich the policy toolbox according to their own characteristics, including expanding the scale of the bailout fund and establishing an agency construction and escrow mechanism when necessary.
Chen Wenjing, market research director of the Index Division of the China Index Research Institute, said in an interview with a reporter from Securities Daily that this year, decision-makers have repeatedly emphasized "guaranteing the delivery of buildings", and it is expected that subsequent optimization measures and supporting funds will be implemented in various places.
Only by "guaranteing the property handover" can people's livelihood and expectations be stabilized. Only when the "guaranteed property handover" is advanced as scheduled can the confidence and expectations of the property market improve, and the property market can recover further in the second half of the year, which will have a positive impact on the macro economy.
For the current real estate market, the stability of expectations and the restoration of confidence are the keys to avoiding the major financial risks caused by the problem of bad debts in real estate or reversing the downward trend of the real estate market.
In this regard, Zhang Bo, dean of the 58 Anju Room Real Estate Research Institute, said in an interview with a reporter from Securities Daily that although the recovery of homebuyers' confidence requires a process, with the simultaneous efforts of local governments and real estate companies, especially the rapid progress Substantial resumption of work is expected to restore market confidence to a greater effect than before.