China News Network, September 9 (Zhongxin Financial Reporter Zuo Yukun) Cancel the pre-sale of commercial housing and the "same right to rent and sell" in the field of public services... This series of real estate policy adjustments is determined to land in Xiong'an New Area.

According to People's Daily News, recently, the "Beijing Non-capital Functional Relief Personnel Housing Provident Fund Withdrawal Policy Benchmarking Beijing Implementation Plan" was deliberated and approved, Xiong'an New Area canceled the pre-sale of commercial housing, implemented existing house sales, hardcover delivery, "what you see is what you get, delivery is delivery".

According to Xinhua News Agency, its reporter learned from the Housing Management Center of Xiong'an New Area that Xiong'an New Area supports willing talents to solve housing problems through renting housing, and "rent and sell the same right" in public services such as education, medical care, and employment.

Data map: On April 2023, 4, aerial photograph of Rongdong Area of Xiong'an New Area. Photo by Han Bing

Cancellation of commercial housing pre-sale

According to People's Daily News, the relevant responsible comrades of the Housing Management Center of Xiong'an New Area said that for those who have a stable work and life in Xiong'an New Area, they can purchase market-oriented project sales housing (including commercial housing and co-ownership housing). Xiong'an New Area creatively canceled the pre-sale of commercial housing, implemented existing house sales, hardcover delivery, "what you see is what you get, and delivery is delivery".

As far as Xiong'an is concerned, the practice of "what you see is what you get, and you get a certificate when you hand over the house" has long begun. According to CCTV news in March, on the occasion of the sixth anniversary of its establishment, the first housing project for employees of relief enterprises in Xiong'an New Area officially began to be delivered on March 3, meeting the multi-level housing needs of employees of relief enterprises in the new area through both purchase and rent.

It is mentioned that all sales-type housing in Xiong'an New Area implements existing house sales, and when the house is delivered, the real estate registration can also be completed simultaneously, truly realizing "what you see is what you get" and "getting a certificate when you hand over the house".

The pre-sale system of commercial housing has always been the focus of public controversy. In January this year, the National Housing and Urban-Rural Construction Work Conference proposed that "those who have the conditions can carry out the sale of existing houses, and those who continue to implement pre-sales must put the responsibility of capital supervision in place to prevent the withdrawal of funds, and no new risks of handing over buildings can occur." ”

Industry insiders pointed out that this is the first time that the Ministry of Housing and Urban-Rural Development has systematically and clearly proposed the concept of housing sales. Entering a new cycle, the real estate industry has smoothly transitioned to a new development model, and ensuring the delivery of buildings and preventing risks have become the focus of work. In the past month since then, Shandong, Anhui, Henan, Sichuan and other places have clarified the existing housing pilot.

"Compared with the pre-sale system, the sales of existing houses are more in line with the public's expectations for the sale of commercial houses." Chen Wenjing, director of market research at the China Index Research Institute, pointed out that since 2021, Beijing, Hangzhou, Hefei, Xi'an, Ningbo and other places have promoted pilot existing house sales.

For example, in the Shenzhen land auction rules in July, some land plots were changed from "competing for self-owned guaranteed rental housing" to "bidding for the sales area of existing houses", and the pilot process of existing house sales continued to advance; From 7 to July 2022, more than half of the residential land launched in Beijing set up a bidding for the sales area of existing houses, and the government has a strong willingness to promote the sale of existing houses, but there are fewer plots involved in existing house sales in the actual transactions, and only nearly 2023 transactions have been completed since the pilot in 7, and real estate enterprises are more cautious in acquiring land overall.

Data map: On August 2022, 8, aerial photograph of Rongxi Area of Xiong'an New Area. Photo by Han Bing

"Rent and sale with equal rights" in public services

Xiong'an New Area's exploration of "equal rights for rent and sale" has also been reflected earlier.

According to the news released by the WeChat public account of "Xiong'an Release" in February, the Administrative Committee of Hebei Xiong'an New Area has issued a series of housing-related policy documents, establishing a housing system of "multi-subject supply, multi-channel guarantee, and rental and purchase", marking the basic formation of a housing security system with the characteristics of Xiong'an New Area.

Among them, it is mentioned that Xiong'an New Area vigorously cultivates and develops the housing rental market, and in the housing projects in the new area, no less than 30% of the "only rent, not sell" type housing is allocated, and in accordance with the principle of work-housing balance and moderate advance, the scale of housing supply is reasonably determined, and the housing supply layout is arranged in an overall manner. In the fields of basic public services such as education, medical care, and employment, we will further improve the "equal right to rent and sale", continuously reduce living costs, and improve the living experience of the masses.

At that time, Xiong'an also proposed to establish a new concept of housing consumption of "long-term rental means long-term residence, long-term residence means settlement", which is considered to mean Xiong'an's strong support in the long-term rental consumer market. Yan Yuejin, research director of E-House Research Institute, said that this has further promoted rental consumption and helped promote a healthier development of the real estate market.

"Xiong'an is an important platform and frontier for the implementation of the new real estate development model, especially the new leasing market. Xiong'an especially emphasized the products and systems of long-term rental, indicating that the reform idea is mature and further promotes the transformation of the housing consumption structure. Yan Yuejin believes that understanding "long-term rent" from the perspective of "life" rather than "residence" means solving problems such as household registration, children's education, employment and medical care, and Xiong'an's institutional planning in this regard can indeed become a benchmark and learning template for the industry.

Is it expected to be rolled out nationwide?

"As a reform 'experimental field', the significance of Xiong'an New Area is different from a new policy introduced by a certain city, but the new content of some housing system reform in China has been tested and reflected in the Xiong'an market." Yan Yuejin believes that it is still necessary to amplify this policy effect, which has a positive effect on our understanding of subsequent changes in the real estate market.

Chen Wenjing also believes that on the whole, the reform of the pre-sale system in the future may become an important part of the new development model, but the current off-plan housing sales are still the absolute mainstream mode of commercial housing sales in China, and it is less likely to fully implement existing housing sales until financial supporting policies are in place and the supply interruption problem that may occur in some core cities is solved.

"It is expected that in the short term, it will still be promoted through pilot projects in core cities, or in some areas on a small scale." Chen Wenjing said. (End)