Beijing has introduced new regulations for long-term rental apartments, and the latest policies in the local property market are all here.
Recently, the "deep north" property market in first-tier cities has continued to heat up. According to the National Bureau of Statistics, in December 2020, the price of second-hand housing in Shenzhen increased by 14.1% year-on-year. Under the keynote of "housing and not speculation", the regulation of the property market in several hot cities has been upgraded again, Shenzhen has strengthened the qualification examination and management of buying houses, Shanghai has issued the "Shanghai Ten Articles", and Beijing has also begun to strictly investigate the illegal flow of personal credit funds into the real estate market.
Recently, Vice Minister Ni Hong of the Ministry of Housing and Urban-Rural Development led a team to Shanghai and Shenzhen to investigate and supervise the real estate market. Ni Hong said that the Central Economic Work Conference once again emphasized the positioning that houses should be used for living, not for speculation, and made "solving the outstanding housing problems in big cities" one of the key tasks in 2021. City governments should fully understand the importance of maintaining the stable and healthy development of real estate, unswervingly adhere to the positioning that houses should be used for living, not for speculation, and do not regard real estate as a short-term means to stimulate the economy.
Beijing Banking Insurance Regulatory Bureau: Strictly investigate the illegal inflow of personal credit funds into the real estate market.
On January 30th, the Beijing Banking Insurance Regulatory Bureau released a message saying that it had noticed the recent phenomenon that "some buyers filled the gap in housing transaction funds or arbitrage, and misappropriated consumer loans and business loans as the purchase money or ‘ Crossing the bridge ’ Funds "and other related public opinion.
At the same time, the Beijing Banking Insurance Regulatory Bureau has set up a joint working group with the business management department of the People’s Bank of China and the Beijing Municipal Commission of Housing and Urban-Rural Development, and will go to banking institutions to carry out special inspections in the near future.
On February 2, the Beijing Municipal Commission of Housing and Urban-Rural Development, Beijing Municipal Market Supervision Administration and other departments issued a notice on regulating the business activities of housing leasing enterprises in this city. In principle, the amount of rent received in advance by a housing leasing enterprise from the lessee shall not exceed 3 months’ rent, and the period of rent collection and payment shall match.
Shanghai: Promulgating "Shanghai Ten Articles" and Strengthening Personal Housing Credit Management
On January 21st, the "Shanghai Ten Articles" was promulgated, and eight departments, including the Shanghai Municipal Commission of Housing and Urban-Rural Development and the Housing Authority, jointly issued the "Opinions on Promoting the Stable and Healthy Development of the Real Estate Market in this Municipality". The opinion is clear, "If the husband and wife are divorced, if either party purchases commercial housing within 3 years from the date of divorce, the number of housing units owned by them shall be calculated according to the total number of families before divorce".
The new real estate regulation and control policy also adjusted the period of VAT exemption, and increased the period of individual sales of housing VAT exemption from 2 years to 5 years. In terms of credit policy, Shanghai requires strict implementation of differentiated housing credit policy, and intensified verification of the source of down payment funds and debt-to-income ratio of buyers, so as to prevent funds such as credit loans, consumer loans and business loans from illegally flowing into the real estate market.
On January 25th, Shanghai further stipulated that the auction house should also be included in the first set of houses restricted for purchase. Buying a auction house by law also requires a "room ticket", and those who are not qualified to buy a house have to bear legal consequences such as regretting the auction, which also has the meaning of "patching".
On January 29th, Shanghai Banking Insurance Regulatory Bureau issued the Notice of Shanghai Banking Insurance Regulatory Bureau on Further Strengthening the Management of Personal Housing Credit (hereinafter referred to as the Notice). The Notice requires commercial banks in Shanghai to implement differentiated housing credit policies and manage housing credit, and requires commercial banks in Shanghai to focus on eight aspects, such as strictly examining the source of down payment funds and solvency.
Shenzhen: Further strengthen the qualification examination and management of commercial housing purchase in Shenzhen.
On January 22, Shenzhen Housing and Construction Bureau (hereinafter referred to as "Shenzhen Housing and Construction Bureau") issued a notice saying that the qualifications, sources of funds and running water of the subscribers of the first phase of China Resources City Runxi were strictly examined recently. After verification, there are 12 people who have concealed the real situation, provided false materials and records of capital flow, and their actions have been suspected of violating relevant laws and regulations.
The Shenzhen Housing and Construction Bureau said that during the investigation, relevant personnel suspected of violating the rules will be taken to suspend the use of Shenzhen’s intentional purchase rating system and online signing system, and freeze the waiting qualification for talent housing.
On February 1st, Shenzhen Housing and Urban-Rural Development Bureau issued "Several Measures on Further Promoting the Stable and Healthy Development of Housing Rental Market in Our City" (draft for comments). Shenzhen will vigorously promote the equalization of public services, gradually promote the policy of renting points to households and enjoy the same treatment as buying houses, and optimize the policy of renting points to enter schools. In addition, the housing provident fund rental extraction will be differentiated, and employees can apply for rental registration on the city rental platform and enjoy preferential extraction.
Hangzhou: The restrictions on the purchase and sale of housing have been strengthened, and the period of VAT exemption for individual housing transfer has been adjusted from 2 years to 5 years.
On January 27th, the Office of the Leading Group for the Steady and Healthy Development of the Real Estate Market in Hangzhou issued the Notice on Further Strengthening the Regulation of the Real Estate Market (hereinafter referred to as the Notice), which strengthened the regulation from the aspects of housing purchase restriction, sales restriction, taxation and the identification standard of families without houses.
According to the Notice, the main contents of the regulatory policies issued by Hangzhou this time include the following five items:
1. Further strengthen the purchase restriction of housing. First, it is stipulated that if you have settled in this city for less than 5 years, you will be restricted to purchase one set of housing within the scope of purchase restriction in this city; The second is to stipulate that the city will limit the purchase of housing within the scope.
If the gift is given to others, the donor must be three years old before purchasing the house within the scope of purchase restriction, and the recipient’s family must comply with the city’s housing purchase restriction policy (excluding bequests).
2, to further strengthen the restrictions on the sale of housing, the provisions of the city within the scope of purchase restrictions, new commercial housing projects notarized lottery public sales success rate is less than or equal to 10%, since the acquisition is not.
The movable property certificate shall not be transferred within 5 years from the date. Hot commodity housing projects that give priority to meeting the housing needs of families without housing, and commodity housing obtained by buyers in the form of priority purchase,
It shall not be transferred within 5 years from the date of obtaining the immovable property certificate.
3. Further strengthen tax adjustment, and make it clear that within the scope of purchase restriction in this Municipality, the period of VAT exemption for individual housing transfer will be adjusted from 2 years to 5 years.
4. Carry out the identification standard of "families without housing" determined in the Notice on Implementing the Public Sale of Commodity Housing Notarization and Lottery, which was implemented on April 4, 2018.
In order to adjust, a new category of families without housing has been added: if the housing within the scope of the city’s purchase restriction is transferred after April 4, 2018, there is no record of self-owned housing within the scope of the city’s purchase restriction for 3 years, which can be recognized.
It is designated as a family without a house.
5. The policy of giving priority to the purchase of houses by high-level talents has been improved. Since the date of promulgation of the Notice, high-level talents who transfer houses within the scope of purchase restriction in this Municipality shall be restricted in this Municipality.
Only when there is no self-owned housing record for 3 years can you enjoy the priority of buying houses by high-level talents.