2024-01-28 01:32:13
Relaxing purchase restrictions on large apartments
Support “rent one, buy one” and “sell one, buy one”
On January 27, the General Office of the Guangzhou Municipal People’s Government issued the “Notice on Further Optimizing Policies and Measures for the Stable and Healthy Development of the City’s Real Estate Market” (hereinafter referred to as the “Notice”), which relaxed the purchase restriction on units above 120 square meters and supported “rental rentals”. “One buys one” and “sells one buys one”. The Municipal Housing and Urban-Rural Development Bureau stated that the “Notice” accelerates the construction of a “guarantee + market” housing supply system and promotes improved demand to enter the market in a timely manner. Experts predict that Guangzhou’s commercial housing market will enter the process of bottoming out and stabilizing in 2024.
Interpretation of the New Deal
Demand side: Expand the space for improving demand to enter the market
The “Notice” optimizes and adjusts the purchase restriction policy to further support rigid and improved housing demand in purchase restriction areas. Residential families and individuals (regardless of whether they have household registration in this city, the same below), newly purchased housing with a construction area of more than 120 square meters (excluding 120 square meters, the same below) (including newly built housing and second-hand housing, the same below), are not included Purchase restriction scope: Houses with a building area of more than 120 square meters already under the name will not be included in the calculation of the number of housing units already owned under the name.
Support “rent one, buy one”. Residential families and individuals who use the house under their name as rental housing and obtain a house rental registration and filing certificate in accordance with the “Guangzhou Housing Lease Contract Registration and Filing Rules” will have the number of housing units under their name reduced accordingly when purchasing a house.
Support “sell one, buy one”. Residential families and individuals, in accordance with the requirements of the “Guangzhou Municipal Housing and Urban-Rural Development Bureau’s Notice on Enablement of Stock Housing Information Coding”, obtain the housing information code for their houses in the Guangzhou Stock Housing Trading System and list them for sale, purchase When housing, the number of housing units under your name will be reduced accordingly.
Supports “one-stop processing of transfer and merger registration”. 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.
Optimize the purchase restriction policy for commercial and service properties. Within the city, commercial and service properties (including those whose rights have been confirmed and registered for two years) are no longer limited to transfer objects and can be transferred to legal entities or individuals.
The policy adjustment will be implemented from 0:00 on January 27, 2024. If the applicable policy for house purchase qualification review is inconsistent with the “Notice”, the “Notice” shall prevail.
Supply side: 10,000 units of affordable housing for sale will be built this year
The “Notice” clarifies that it is necessary to accelerate the establishment and improvement of a housing security system that focuses on public rental housing, affordable rental housing and allotment-type affordable housing with both rent and purchase, make up for the shortcomings in the construction of affordable housing, increase the coverage of housing security, and coordinate urban solutions Housing difficulties for the registered population and the introduction of talents.
In 2024, Guangzhou plans to build 10,000 units of allotment-type affordable housing, 100,000 units of affordable rental housing, and provide housing rental subsidies to 18,000 households.
Financing: Propose a list of projects that can be supported
The “Notice” proposes to establish a real estate financing coordination mechanism with the municipal leader in charge as the team leader, with the housing and urban-rural development department, the dispatched office of the State Administration of Financial Supervision and other relevant departments as member units, to study and judge the real estate market situation and real estate financing needs, and to build a government-bank-enterprise communication platform , promote accurate docking between real estate development companies and financial institutions, and coordinate to solve difficulties and problems in real estate financing.
Based on the development and construction of real estate projects and the qualifications, credit, and finance of project development enterprises, a list of real estate projects that can be provided with financing support is proposed, and financial institutions are guided to actively meet reasonable financing needs. Strengthen work coordination and information sharing, ensure financing, and further enhance mutual trust between banks and enterprises.
Expert analysis
A key move to stabilize market expectations
Li Yujia, deputy director and chief researcher of the Guangdong Provincial Housing Policy Research Center, believes that the “Notice” is conducive to stabilizing the commercial housing market, promoting housing security, building a new housing supply system of “security + market”, and achieving a gradual and stable transition to a new real estate development model. transition.
He said that stabilizing the commercial housing market is an important part of stabilizing domestic demand and consumption fundamentals, and is also a key move to stabilize market expectations. The “Notice” first starts from the demand side and implements the decision made at the Ministry of Housing and Urban-Rural Development’s Real Estate Financing Coordination Mechanism Deployment Meeting on January 26: “We must adhere to city-specific policies, precise policies, and one policy for one city, make good use of the policy toolbox, and fully empower urban real estate regulation.” autonomy, each city can adjust its real estate policies according to local conditions.”
Promote improvement needs to enter the market in a timely manner
Li Yujia analyzed that on the demand side, reducing the restrictions on large-scale housing purchases in restricted purchase areas and supporting “one-for-sale, one-for-rent, one-for-rent” will help promote improvement demand to enter the market in a timely manner, and are also in line with the proportion of improvement demand in central areas. Bigger features.
Taking Tianhe District as an example, the average area of new housing transactions in Tianhe District in 2023 will be 130 square meters per unit. Relaxing the purchase restriction policy on house types, “buy one for sale, buy one for rent,” will help to digest inventory and at the same time promote the cycle of demand for rigid and improved housing, the cycle of new houses and second-hand housing, the cycle of leasing and transactions, etc. , Promoting both supply and trade.
On the supply side, emphasis is placed on establishing and improving a housing security system that promotes both renting and purchasing. In 2024, 10,000 units of affordable housing for sale and 100,000 units of affordable rental housing will be built, and housing rental subsidies will be issued to 18,000 households to coordinate the urban household registration population. and housing issues for introducing talents.
Chen Lin, professor and director of the Real Estate Institute of Guangzhou University, believes that the “Notice” proposes three types of security targets: placement-type affordable housing, affordable housing, rental housing and public rental housing rental subsidies, releasing the need to strengthen housing security, improve the supply structure of affordable housing, and increase A clear signal of big supply efforts.
Li Yujia said that the ultimate purpose of the “Notice” is to adjust both ends of supply and demand to not only meet reasonable demand for improvement and promote supply decentralization, but also meet the needs of the working class, new citizens and talent groups, and match multi-level demand with multi-level supply. Promote supply to match demand, demand pulls supply, and balance supply and demand at a high level.
Guangzhou commercial housing will enter the process of bottoming out and stabilizing
The “Notice” proposes to increase financing support for specific projects and stabilize market supply by establishing a financing coordination mechanism. Li Yujia said that the latest deployment in Guangzhou is to build a government-bank-enterprise communication platform, promote accurate connection between real estate companies and financial institutions, and coordinate to solve difficulties and problems in real estate financing.
Specifically, it is to target projects and put forward a list of real estate projects that can provide financing support, coordinate the issuance of loans by financial institutions in the region, accurately and effectively support reasonable financing needs, and allow companies with long-term operations, stable operations, and healthy finances to get what they deserve financial services to avoid the disorderly spread and spread of risks, thereby stabilizing market confidence and expectations.
The “Notice” reflects the policy orientation of coordination and linkage and treating both the symptoms and root causes. It not only proposes relevant measures to improve the market and security system, but also involves supporting the development of the leasing market and reducing transaction restrictions on commercial and service projects. Taking multiple measures simultaneously is conducive to the sustainable and healthy development of the market.
Regarding the effect of the policy, Li Yujia predicts that Guangzhou’s commercial housing market will enter the process of bottoming out and stabilizing in 2024.
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