On February 12, Jiangxi, Wuxi, Shanghai, Zhejiang, Xi'an and other provinces and cities introduced policies to support real estate.

It covers many fields such as providing financial and fiscal support, relaxing provident fund policies, relaxing pre-sale conditions, paying land transfer fees in installments, and the government helping developers conduct online transactions and facilitate transactions.

The broad scope of the policy is enough to show the official determination to maintain the stability of the property market. Next, it is expected that more cities will launch various rescue measures.

Wuxi, Xi'an and other cities have introduced new policies to rescue the market

In the middle of the night on February 12, Wuxi suddenly issued 17 new policies to support real estate companies and construction companies in actively responding to the epidemic and providing business opportunities for production. difficulties caused by operations.

It can be seen from the 17 policies released that Wuxi’s new policy is very detailed, covering tax payment, bank credit, regulatory funds, pre-sale applications, land transfer, resumption of work, real estate transactions, and rent reduction. , project progress, epidemic losses and other fields.

It can be seen that Wuxi’s new policy has made sufficient preparations in advance and has provided strong support for the entire real estate industry from land acquisition, development, credit and sales. Such a detailed market stabilization plan shows that the government is very determined to repair the damage caused by the epidemic, promote economic development, and stabilize the property market!

It is understood that due to the epidemic, Wuxi’s new and second-hand housing markets have been sluggish recently, and the traditional “returning home purchase” during the Spring Festival no longer exists.

According to CRIC data, the Wuxi property market showed a trend of falling volume and rising price in January, with only 276,600 square meters of transactions, a month-on-month decrease of 34.38%.

On the same night, the Xi'an Municipal Natural Resources and Planning Bureau issued the "Several Measures of the Xi'an Municipal Government on Effectively Responding to the Epidemic and Promoting Stable Economic Development", which included 10 new policies.

It’s just that Xi’an’s policies mainly help enterprises solve problems in terms of land acquisition and installment payment of land transfer fees. The contents involved include: paying the land transfer price in installments, allowing changes in the transfer price payment period, and implementing pre-payment plans. Handle real estate registration system, etc.

In addition, Shanghai, Zhejiang, Nanchang and other provinces and cities also introduced financial support policies during the epidemic period on the same day, or adjusted the payment methods and deadlines of land prices, or optimized approval services, adjusted performance supervision, etc., all of which It will comprehensively reduce the financial pressure on enterprises.

On February 11, the Hangzhou Municipal Planning and Natural Resources Bureau also issued the "Notice on Doing a Good Job in Epidemic Prevention and Control to Ensure the Stable Development of Service Enterprises", covering factor guarantees, approval services, contract performance supervision, and enterprise burden reduction etc. content.

It is clearly mentioned that for plots that have been sold, the signing time of the "Transaction Confirmation" and the "Land Transfer Contract" can be postponed for 21 days; for the plots that have signed the "Land Transfer Contract", the land transfer Payment of the deposit can be deferred for 21 days; for plots that have been delivered but have not been started or completed, the start and completion time of the plot can be deferred. This is also the most common adjustment direction among the many stabilization policies that have been introduced so far.

Jiangxi Anhui Real Estate Consultative Conference offers suggestions: relax purchase and price restrictions

Ifeng.com Real Estate Shanghai Station also noticed that after many places introduced policies and measures to stabilize economic growth, real estate prices in many places Associations and chambers of commerce have also followed suit and provided suggestions to support the industry.

On February 12, Jiangxi Real Estate issued a “red-headed document” on its official platform to its relevant departments recommending policies to support real estate companies after the epidemic.

The suggestions cover 8 major suggestions including financial and taxation support. Among them, the relaxation of purchase restriction and price restriction policies and the relaxation of pre-sale policies are eye-catching:

1. Accelerate house inspections, online signing and online preparation work. Complete all house inspections, online signings and preparations for reasonably priced houses before March;

2. Relax pre-sale policies in stages;

3. Appropriately relax purchase restriction policies and increase the number of talents settled in the country. Incentivize and provide housing purchase subsidies or interest discount policies for qualified talent settled groups;

4. Appropriately relax price registration restrictions.

On February 10, the Anhui Real Estate Chamber of Commerce also made 10 suggestions to its relevant departments, including accelerating online signing, relaxing pre-sale and purchase price limits, reducing mortgage down payment ratios, and cutting interest rates and taxes.

1. Accelerate the online house inspection and signing preparations, and complete the online house inspection and signing preparations for all reasonably sold houses before March;

2. Relax the pre-sale policy in stages, 6 The pre-sale image progress will be changed from high-rise 7-story and multi-story capping to 1-story structure capping before March;

3. Appropriately relax the purchase restriction policy, increase incentives for talents to settle, and provide housing purchase subsidies or Interest discount policy;

4. Reduce the mortgage down payment ratio, increase lending for new and second-hand houses, strengthen support for provident fund loans, shorten the lending cycle, and cut interest rates across the board. The first home is subject to a 15% discount on the benchmark interest rate. The second set is subject to the benchmark interest rate;

5. Reduce the transaction tax on second-hand houses, reduce or exempt the transaction deed tax, and reduce the value-added tax from 5 to 2;

6. Relax the price registration restrictions appropriately, moderately Raise the price cap for high-end luxury homes.

Viewpoint: The New Deal is conducive to the stable and healthy development of the real estate industry

There are also different voices from all walks of life regarding the measures introduced by many cities to rescue the market.

Some netizens believe that “the government will no longer use real estate to dig holes in the economy to stimulate the economy. If the situation of high housing prices that has hindered development is not reversed, the economy will continue to slump.” Others believe that “ Housing should be lived in, not speculated, focusing on stability.

Yihan Think Tank believes that more cities will continue to follow suit and introduce various policies to ensure the stable and healthy development of the real estate industry and help achieve economic stability. and social stability.

Yan Yuejin, research director of the E-House Research Institute Think Tank Center, believes that the 17 new policies issued by Wuxi City fully reflect the current policy support for real estate companies and construction companies. There are strong and comprehensive policies to support the resumption of work across the country, and other cities across the country have similar policies, which will objectively help real estate companies get out of the housing market recession and better achieve their annual project investment and sales targets.

Lu Wenxi, a market analyst at Shanghai Zhongyuan Real Estate, believes that direct policies such as purchase restrictions and loosening of loan restrictions have not been seen, so they do not directly stimulate consumption. The main purpose is to relieve pressure on enterprises and help them resume work as soon as possible and recover. Normal operation. For example, land payment deferral, social security provident fund extension, rent reduction, etc., it is expected that more and more cities will follow suit in the future.

Lu Wenxi also mentioned that the current LPR market. It is expected that the RRR will be lowered, or even lowered, mainly to support enterprises to tide over difficulties. Financing policies have been much better in various places.

Attached is the original text of Wuxi policy

County

Original text of your Xi’an policy