On May 9, the Jilin Municipal People's Government Office issued "Several Policies and Measures to Promote the Resurgence of the Real Estate Industry During the Epidemic". The "Measures" will be effective from the date of issuance until December 31, 2022.

Guandian New Media learned that the "Measures" proposed to relax the supervision conditions of land transfer contracts. For state-owned construction land that has signed a "Land Transfer Contract" and failed to start or complete construction as scheduled due to the impact of the epidemic, during the ongoing epidemic period, March and April 2022 will not be included in the default period, and the Municipal Planning and Natural Resources Bureau will issue corresponding extension approvals.

In addition, the regulatory ratio of project capital will be reduced. For newly started real estate development projects, the project capital can be supervised at a ratio of 50%, and the project company can take the form of a commercial bank guarantee to replace the project capital cash; the lack of qualifications for development companies will be tolerated; a "green channel" for project start-up will be established; and the pre-sale permit for commercial housing will be relaxed According to the conditions, for commercial housing pre-sale license projects that enterprises apply for, they can apply for pre-sale when the funds invested in development and construction reach more than 25% of the total investment in project construction.

It is reported that the "Measures" also propose to reduce the supervision ratio of pre-sale funds for commercial housing. The maximum regulatory retention ratio of commercial housing pre-sale funds shall not exceed 5% of the amount that should be supervised; development companies may apply in advance to allocate pre-sale regulatory funds beyond the 5% retained to be used for construction costs such as labor costs and material costs.

It is also reported that the "Measures" relax the deposit conditions for housing provident fund loans. Employees who have paid and deposited the housing provident fund continuously, regularly and in full for more than 6 months (inclusive) can apply for a housing provident fund loan; when employees purchase newly built commercial housing and apply for a housing provident fund loan for the first time, the down payment ratio shall not be less than 20%; The housing provident fund loan amount shall not be higher than 10 times the sum of the housing provident fund account balances of the borrower and his spouse. If the account balance is less than 30,000 yuan, it will be calculated as 30,000 yuan, and the loan limit will be increased to 300,000 yuan.

It is worth mentioning that the "Measures" actively promote the off-site loan business of housing provident funds. Employees who have paid housing provident funds in Jilin Province, as well as employees who have paid housing provident funds in other parts of the country and whose registered place of residence is Jilin City, can apply for a housing provident fund loan if they purchase a self-occupied house within the administrative area of ??Jilin City, and the loan conditions , quota, term, interest rate, etc. all enjoy the same rights as local loan employees.

Yunjing Orchid Court

For sale

Reference price: Reference average price 12,000 yuan/㎡

Property address: Weiyuanmen North No. 42 Road

Property phone number: 400-818-0066 ext. 075537