Guangzhou is the first first-tier city to relax purchase restrictions on housing over 120 square meters.
"No purchase restrictions, owners are eager to sell" Each property responded quickly
On January 27, Guangzhou issued a notice stating that from now on, the purchase of housing with a construction area of more than 120 square meters within the purchase restriction area will not be included in the purchase restriction scope. Guangzhou has also become the first first-tier city to partially relax purchase restrictions in central urban areas.
Guangzhou’s new policy stipulates that regardless of whether they are registered in the city, households and individuals who purchase new housing with a construction area of more than 120 square meters, including newly built housing and second-hand housing, are not included in the purchase restriction. Houses with a construction area of more than 120 square meters already under their name will not be included in the calculation of the number of housing units already owned under their name.
Form synergy with optimized credit policies
According to statistics from CRIC, in 2023, a total of 20,090 first-hand residences of more than 120 square meters in Guangzhou were sold, accounting for 27%, an increase of 3.8 percentage points compared with 2021; second-hand residences of more than 120 square meters 21,221 units were sold, accounting for 20%, which is also an increase of 5 percentage points compared with 2021.
Specifically, looking at the areas where purchase restrictions are still implemented in Guangzhou, the supply and demand of first-hand housing with an area of more than 120 square meters accounts for a larger proportion. In 2023, a total of 10,456 units will be supplied, accounting for 42% of the purchase restriction areas; the transaction volume is 8,409 units, accounting for 42% of the purchase restriction areas. 37%. It is worth noting that among the first-hand residential transactions in the purchase-restricted areas in 2023, the average transaction price of more than 120 square meters is 72,445 yuan/square meter, while the average transaction price of less than 120 square meters is only 42,579 yuan/square meter. Mainly high-end properties.
There are 4 purchase restriction policies optimized and adjusted in the "Notice". In addition to relaxing the purchase restriction for residential properties with an area of more than 120 square meters, commercial and service properties (including those whose rights have been confirmed and registered for more than 2 years) are no longer limited to transfer objects and can be transferred to legal entities. , can also be transferred to individuals.
CRIC statistics show that as of the end of 2023, Guangzhou’s available inventory of apartments, businesses, and offices were 1.57 million square meters, 3.27 million square meters, and 2.27 million square meters respectively, and the sales cycles were 33 months and 68 months respectively. and 65 months, the decompression pressure is relatively high.
"There is no purchase restriction, the owner is in a hurry to sell, and the place is not occupied..." The reporter noticed that on some housing trading platforms, the sales information has been updated. The response speed of each real estate project was also very fast, and new posters were immediately launched, eye-catchingly stating that "housing restrictions on housing with a construction area of 120 square meters or more are relaxed."
At the same time, Guangzhou supports "rent one, buy one". Residential families and individuals who use the house under their name as rental housing and obtain the house rental registration and filing certificate in accordance with the "Guangzhou Housing Rental Contract Registration and Filing Rules" (Suijian Gui Zi [2024] No. 12) will have their names reduced accordingly when purchasing housing. Download the number of housing units.
Support "sell one, buy one". Residential families and individuals, in accordance with the requirements of the "Guangzhou Municipal Bureau of Housing and Urban-Rural Development's Notice on Enablement of Information Coding of Existing Houses" (Suijian Real Estate [2022] No. 646), will obtain the houses under their names through the city's existing housing transaction system. If the source information is coded and listed for sale, the number of housing units under the name will be reduced accordingly when purchasing a house.
In addition, "integrated processing of transfer and merger registration" is supported. For houses that meet the conditions for merging real estate ownership certificates, buyers can apply for transfer registration and merger registration at the same time. The number of houses under their name shall be verified after merger registration.
Xiao Wenxiao, chief analyst of CRIC's Guangfo region, said that "renting one to buy one" and "selling one to buy one" are encouraged. As long as the existing rental housing is registered or listed for sale in the stock housing trading system, the number of family housing units can be reduced. , further loosening the purchase restriction threshold and encouraging needy families to purchase multiple properties within a reasonable range, which can further form a synergy with the differentiated credit policy that was optimized last year to support more effective housing demand to enter the market.
Will other first-tier cities follow suit?
Li Yujia, chief researcher of the Guangdong Provincial Housing Policy Research Center, told reporters that compared with other first-tier cities, Guangzhou faces less pressure in relaxing regulatory policies and relieving the demand for home purchases, but it faces more pressure to de-escalate and downward pressure on the property market. big.
Li Yujia believes that the Ministry of Housing and Urban-Rural Development stated at the deployment meeting of the urban real estate financing coordination mechanism that "it fully gives cities autonomy in real estate regulation and control, and each city can adjust real estate policies according to local conditions." Short-term downward pressure on real estate still exists. At the beginning of the new year in 2024, this downward pressure has not changed significantly. With local governments attaching great importance to short-term property market stability, this policy may be implemented in other first-tier cities.
Yang Hongxia, general manager of the South China Branch of the China Index Research Institute, pointed out that as the first first-tier city to implement and optimize real estate policies after the Ministry of Housing and Urban-Rural Development meeting, Guangzhou has also provided a reference for other cities to adjust their policies. It is expected that more cities will introduce regulation and optimization based on their own actual conditions in the future. policies to promote the stable, healthy and sustainable development of the real estate market.
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Source: Chengdu Business Daily