On August 5th, Langfang issued a package of measures and supporting policies for Langfang to promote the stable and healthy development of the city's economy, in which "Six policies and measures to support the healthy development of the real estate industry" (hereinafter referred to as "measures") clearly stated that "the qualifications for restricting the purchase of houses in terms of household registration and social security (individual tax) are not suitable for the current real estate market situation."

In other words, Langfang officially canceled policies such as housing purchase restriction and sales restriction. Since 20 17 Langfang implemented the policy of restricting purchases and sales, the local real estate market has obviously cooled down. Judging from the information interviewed by the National Business Daily reporter, the developer is not surprised by this, and said that "it has already been implemented" and "customers are less sensitive to favorable policies and even have resistance".

From "omission" to official release

On June 20 17, Langfang began to implement a strict purchase restriction policy. Non-local accounts need to pay three-year social security or tax payment certificate to buy a house locally, and the purchase is limited to 1 suite. In the following five years, the property market around Beijing was almost frozen, and the rumors of lifting the purchase restriction never stopped.

The Langfang policy explained in detail the people targeted at lifting the restrictions on sales and purchases: "When purchasing the first home, high-end talents who recruit talents and attract talents, executives of investment-attracting enterprises, and those who transfer with Beijing's non-capital functions, they will be treated as local household registration. For key areas such as' Northern Three Counties' and counties (cities) around xiong'an new area, the requirements for housing sales restrictions for non-local households will be cancelled. "

There are also considerable concessions in lowering interest rates and down payment. "For households who purchase ordinary self-occupied housing by loans, the lower limit of the interest rate of the first set of commercial personal housing loans will be adjusted to not less than the quoted interest rate of the loan market in the same period minus 20 basis points, and strive to reduce the weighted average interest rate of new personal housing loans in the city by 30 basis points in August 2022 compared with April."

Further reduce the down payment ratio of housing provident fund loans. If the paid employees use the housing provident fund loan to purchase the first family-occupied housing, the down payment ratio shall not be less than 20%. For the paid workers' families who own 1 house and have settled the corresponding housing loan, they should apply for housing provident fund loans again to buy ordinary self-occupied houses, and the down payment ratio should not be less than 20%. For the paid employee families who own 1 apartment but have not settled the corresponding commercial personal housing loans, they should apply for housing provident fund loans again to buy ordinary self-occupied housing, and the down payment ratio should not be less than 30%.

Since the beginning of this year, Langfang has been rumored to lift the restrictions on sales and purchases. In April 2022, there were rumors that Langfang lifted the purchase restriction. At that time, the reporter called Langfang Housing and Construction Bureau and got a negative answer.

The northern three counties, including Yanjiao Town, have always been the areas with high voices for lifting the restrictions on sales and purchases. According to the National Business Daily, as early as May 2020, a real estate in Yanjiao declared that "you can buy a house with Beijing social security".

The reporter noted that the "Measures" had actually been issued in official website, Langfang Municipal People's Government as early as June 17, 2007, but at that time, the expression for lifting the restrictions on sales and purchases was "omitted".

The chain rose 125.03%.

"Around Beijing" is a label of Langfang, and it is also the first stop for many North drifters to buy houses. No matter Yanjiao, Xianghe, Dachang or Gu 'an, there are a large number of North drift buyers, and the impact of restrictions on sales and purchases on the local property market is self-evident.

At the beginning of 20021,the happiness crisis in China broke out. Wang, the chairman of the company, first thought that he had misjudged the situation around Beijing. He said: "Before 20 16, the company's investment layout was concentrated in the surrounding areas of Beijing. Market sales and payment account for more than 90%. Due to the misjudgment of the situation, we continued to increase investment in industrial new towns around Beijing and supporting residential investment in the later period, but the residential market around Beijing fell in volume and price, and the scale was halved. After preliminary accounting, the cumulative impact on the company's sales receipts in the past four years exceeded 654.38+000 billion yuan, and at the same time seriously affected the value of industrial new town receipts and inventory receivable. Sturm und drang was acquired on a large scale at the end of 20 16, but the quality of the project was not high and it was too concentrated in the surrounding areas of Beijing, which brought great difficulties to asset revitalization. "

According to the data of the Central Reference Institute, in June 2022, the average price of new houses in Langfang was 1 1697 yuan/square meter, down 0.37% from the previous month, and the decline was 0. 15 percentage points higher than that of the previous month.

In terms of land, the floor price of Langfang rose month-on-month, but fell year-on-year, and the premium rate dropped again, falling below 1%. In June 2022, the floor price of Langfang was 3,097 yuan/square meter, down 19.55% year-on-year and up 64.34% month-on-month. The average premium rate was 0.5%, down 22.78 percentage points year-on-year and 1.02 percentage points quarter-on-quarter, and the premium rate continued to decline.

Recently, some local residents in Gu 'an told reporters through WeChat: "Recently, the sales price of real estate in Gu 'an has an upward trend, probably because of low interest rate and low down payment. "

The data of the Central Reference Institute also showed an increase in trading volume. In June, the transaction volume in Langfang increased by nearly 30% year-on-year, and the cumulative transaction volume increased by nearly 1% year-on-year. In June 2022, the transaction scale of commercial housing in Langfang was 343,000 square meters, up 32.04% year-on-year and 125.03% quarter-on-quarter. In the first half of the year, the cumulative transaction scale of commercial housing in Langfang was 15 1.8 1 10,000 square meters, up by 1 1.97% year-on-year.

"Implemented"

There are different reactions to this policy.

Yan Yuejin, research director of the think tank center of Yiju Research Institute, told reporters through WeChat on August 9: "In the second half of the year, the direction of relaxing the property market policy in similar cities was very clear, and the willingness to boost the real estate market was very strong, which also greatly promoted the healthy development of the real estate market. This policy is also inspiring to Tangshan, Hengshui, Xingtai, Chengde and Zhangzhou around Beijing. "

However, Chen Wenjing, director of market research of the Index Division of the Central Reference Institute, said on WeChat on August 9: "From the perspective of policy effect and market trend, the previous cancellation of the purchase restriction policy in Langfang City and' North Three Counties' has been implemented, with the first set of 20% and the second set of 30% down payment ratio also implemented, and the minimum mortgage interest rate was 4.25%, but the market did not pick up."

"The reason is that, on the one hand, the rapid warming of the surrounding markets in Beijing in the past few years is mainly driven by the spillover of self-occupation and investment demand in Beijing. In recent years, the housing supply in Beijing has gradually increased, and the epidemic prevention and control has been strict. Commuting around Beijing has been affected to some extent, and Beijing's spillover demand has basically disappeared; On the other hand, in recent years, the development of surrounding industries in Beijing is less than expected, and the introduction of population is limited. In the downward phase of the market, the pace of local just-needed entry into the market has also slowed down. Therefore, even if policies such as restrictions on purchases and sales are cancelled, the boosting effect on the trading market may be limited, and the adjustment situation of Langfang real estate market may be difficult to change in the short term. "

Developers have no positive response to this policy.

A developer told the National Business Daily through WeChat on August 9: "The official lifting of the purchase restriction in Langfang has limited boosting effect on the market. Before this, the first line has been realized. According to the front-line sales staff in Langfang, customers have low sensitivity to favorable policies and even have resistance. "

Another developer told reporters by phone on August 9: "It is definitely a good thing for the regional market and local housing enterprises to cancel the purchase restriction and sales restriction in Langfang, but we are still quite calm internally. In fact, Langfang's favorable policies have been implemented in the first half of the year, but there is no sign of recovery in housing prices. Nowadays, for real estate, it is not the policy of restricting sales and purchases that can be widely affected. It also depends on a series of factors such as epidemic situation, income and confidence. The real estate market is not a regional thing. "