China News Service, Beijing, March 27 (Reporter Pang Wuji) Recently, various regions in China have frequently adjusted and optimized real estate policies in a timely manner, and more and more control policies introduced during the overheating period of the real estate market have been gradually withdrawn.
The "divorce purchase restriction" policy that has been implemented in Beijing for nearly three years has been abolished. On the 27th, a reporter's inquiry found that the policy document "Couples are not allowed to buy a house in Beijing within three years of divorce" that has been implemented in Beijing since August 2021 is invalid. This means that Beijing’s housing purchase restriction policy has been relaxed again after Tongzhou District canceled the “double purchase restriction” on housing.
Li Yujia, chief researcher of the Housing Policy Research Center of the Guangdong Provincial Institute of Urban Planning, pointed out that Beijing introduced a "divorce purchase restriction" policy in 2021 to combat the practice of dividing and transferring property after divorce to qualify for home purchase. At that time, many popular first- and second-tier cities also introduced similar policies to close the “purchase restriction” loophole. However, at present, most of the houses purchased by Beijing residents are for immediate needs or house replacement, and investment houses have basically been withdrawn. The "divorce purchase restriction" policy no longer adapts to the new situation.
Zhang Dawei, chief analyst of Centaline Real Estate, pointed out that as the market situation and supply and demand relationships change, too strict real estate policies will accidentally hurt some real home purchase demand. At present, the Beijing market has returned to stability. Fine-tuning these policies will not affect the direction of the property market and will help stabilize market expectations.
Shenzhen City starts from the supply side to meet the diverse housing needs. According to multiple media reports, Shenzhen has abolished the "70/90" policy that has been implemented for many years, which means that the supply of new real estate in Shenzhen will no longer limit the proportion of large apartments. The so-called "70/90" policy means that the proportion of housing area below 90 square meters in residential projects must account for more than 70%.
Sun Hongmei, a senior analyst at the South China Branch of the China Index Research Institute, said that the "70/90" policy aims to adjust the supply structure of the real estate market so that residential products can better meet rigid demand. However, as market supply and demand and market conditions change, diversified housing needs emerge, and policies urgently need to be adjusted along with market changes.
It is worth noting that Shanghai has also optimized the "70/90" policy in recent land transfers and increased support for improved housing from the supply side.
The recently held executive meeting of the State Council proposed that we should further optimize real estate policies, continue to ensure the delivery of buildings, people's livelihood, and stability, further promote the implementation of urban real estate financing coordination mechanisms, systematically plan relevant support policies, effectively stimulate potential demand, and increase Increase the supply of high-quality housing and promote the stable and healthy development of the real estate market. Industry insiders believe that this is an important signal for the strengthening of supporting policies related to the property market.
Zhang Dawei said that local adjustments to city-specific policies such as purchase restrictions are specific measures to adapt to major changes in the supply and demand relationship in the property market, which will help boost market confidence and promote the recovery of the property market. (over)