Since the second half of last year, the property market in first-tier cities has continued to be hot. The property market represented by Shenzhen and Shanghai is extremely hot. At the same time, housing prices in school districts in cities such as Beijing and Guangzhou have also increased, and the property market in first-tier cities is at risk of being rekindled.
According to data released by the National Bureau of Statistics, in December 2020, the sales price of new commercial housing in first-tier cities increased by 3.9% year-on-year, with Guangzhou having the largest increase of 5.2%, Shanghai, Shenzhen, and Beijing respectively: 4.2% %, 4.1% and 2.3%; for second-hand housing, sales prices increased by 8.6% year-on-year. Among them, Shenzhen's growth rate was 14.1%, Guangzhou's growth rate was 7.5%, and Beijing and Shanghai's growth rates were both 6.3%. It is worth noting that Shenzhen is also the only city in the country where second-hand housing prices have increased by more than 10%.
In response to the rising popularity of the property market in first-tier cities, hotspot cities represented by Shenzhen and Shanghai have launched "combination punches" for regulation and strict control of the market from multiple aspects.
Shanghai and Shenzhen tightened regulation, and Shenzhen "cracked down on counterfeiting" three times in five days
On January 21, eight departments including the Shanghai Municipal Housing and Urban-Rural Development Management Committee jointly issued the "About Promoting the Promotion of the City's Counterfeiting" "Opinions on the Stable and Healthy Development of the Real Estate Market" clearly and strictly implement the housing purchase restriction policy, and give priority to meeting the home purchase needs of "homeless families". For couples who purchase commercial housing within 3 years of divorce, the number of housing units owned shall be calculated based on the total number of housing units owned by the family before the divorce; At the same time, the value-added tax collection and exemption period has also been adjusted. If an individual sells a house purchased less than 5 years ago, the full value-added tax will be levied.
The urgent introduction of Shanghai's regulatory policies points directly to the previous phenomenon of overheated market financing and excessively rapid rise in housing prices. It fully reflects Shanghai's orientation towards stabilizing housing prices and stabilizing expectations.
Compared with Shanghai, Shenzhen has more frequent regulation. If we count from January 19th to January 23rd, Shenzhen carried out three "counterfeiting" campaigns in 5 days.
On January 23, the Shenzhen Municipal Housing and Urban-Rural Development Bureau issued the "Notice on Further Strengthening the Review and Management of Commercial Housing Purchase Qualifications in Our City", stating that Shenzhen will launch a "House Purchase Intention Registration System", and real estate development companies, Real estate brokerage agencies can work with relevant commercial banks to strictly verify the marital status, personal tax list and source of purchase funds of home buyers. Those suspected of violating public security management laws and regulations will be transferred to the public security organs for processing according to law.
Before this, the Shenzhen regulatory authorities had cracked down on counterfeiting twice in a row.
On January 19, the Shenzhen Municipal Housing and Urban-Rural Development Bureau issued a "Letter from the Shenzhen Municipal Housing and Construction Bureau on clarifying several issues in the "Notice on Further Promoting the Stable and Healthy Development of the Real Estate Market in Our City"". Further clarification has been made on the issues of in-transit transactions under the "7.15 New Deal", the conditions for high-level talents to purchase houses, and the registration of housing for residents' families. The document clearly states that commercial housing purchased by residential families can only be registered in the name of family members who are qualified to purchase houses.
On January 21, the Shenzhen Municipal Housing and Urban-Rural Development Bureau responded to the Real Estate Registration Center with a document that strengthened the details of home purchase qualifications. That is, the original policy only required one person to have a quota, and other co-signers who were not qualified to purchase a home could also join together. Register. The latest reply letter means that all joint family home buyers are required to be qualified to purchase a home. This also means that the behavior of obtaining qualifications for home purchase through fake marriage is completely "contained".
On January 22, the Shenzhen Municipal Housing and Urban-Rural Development Bureau issued a notice on the handling of 12 people who were suspected of violating regulations in purchasing commercial housing. Regarding the 12 people in the first phase of China Resources City Runxi, they concealed the true situation and provided In the case of false materials and capital flow records, relevant personnel will be suspended from using the Shenzhen House Purchase Intention Registration System and the Online Contract Signing System. The qualifications of relevant personnel to purchase and rent affordable housing and talent housing in Shenzhen are suspended. The housing provident fund loan qualifications of relevant personnel in Shenzhen are suspended.
Shenzhen introduced regulatory measures multiple times within 5 days. Shenzhen’s speed and efficiency have also set a model for other hot cities.
Beijing and Guangzhou indirectly "stated their stance"
Compared with Shenzhen and Shanghai's direct introduction of control measures, Beijing and Guangzhou also indirectly "stated their stance".
In Guangzhou, it is said that the banking industry in Guangzhou has received window guidance and personal mortgage loans have also been subject to "dual control."
According to some recent media reports, Guangzhou stipulates that the proportion of personal housing loans in all loans cannot exceed the city’s average level in 2020.
The report quoted bank sources as saying that the Guangzhou Branch of the People's Bank of China has recently issued window guidance, requiring that the proportion of new personal housing loans should not exceed 12.6%, and the amount of new personal housing loans each month should not exceed October, November and November 2020. The average loan amount in the three months of December. Unlike the five red lines set across the country for different types of banks, this window guidance is a standard for all banks in Guangzhou.
Beijing has imposed strict restrictions on the premium rate of local auctions at the beginning of 2021.
As the Beijing land market has heated up in 2020, many high-quality land parcels have been sold, which has increased floor prices, reaching a new high in five years. At the same time, the land premium rate, which has been falling for three years, has also stopped falling and rebounded.
In 2021, Beijing’s first residential land auction adopted a land price limit to control market heat by limiting excessive increases in land premium rates. Judging from the transaction situation, the newly-transacted land parcels have a premium rate of less than 10% and have become competitive and self-sustaining. Measures to stabilize land prices are gradually being implemented. This also means that Beijing’s residential land market will remain stable this year, and the stability of land prices will also help control expectations of rising housing prices.
First-tier cities will focus on solving outstanding housing problems in big cities
The Central Economic Work Conference held at the end of last year proposed that housing issues are related to people’s livelihood and well-being, and that outstanding housing problems in big cities must be solved. . Recently, on the occasion of the local two sessions, first-tier cities have also included this issue in their future plans.
On January 23, the fourth session of the 15th Beijing Municipal People’s Congress opened. In his government work report, Beijing Mayor Chen Jining stated that Beijing will complete no less than 300 hectares of commercial housing land supply and construction this year. Raise 50,000 units of various types of policy housing, improve long-term rental housing policies, standardize the order of the rental market, and strive to solve outstanding housing problems.
On January 24, the fifth session of the 15th Shanghai Municipal People’s Congress opened. In his government work report, Shanghai Mayor Gong Zheng talked about Shanghai’s key tasks in 2021 and said that this year Shanghai will complete 70 A total of 10,000 square meters of second-grade or lower old houses in the central urban area will be renovated, 10 million square meters of old housing will be updated and renovated, the renovation of urban villages will be accelerated, and the construction of rental housing will be accelerated, creating a supply of 53,000 units. Previously, the relevant person in charge of the Shanghai Housing Authority said that Shanghai is studying and formulating the "14th Five-Year Plan" housing development plan, optimizing the development of a housing system with "one positioning, two major systems, three main points, and four-in-one" that focuses on both renting and purchasing. , and promote the stable and healthy development of the real estate market. In particular, it is necessary to increase the development of rental housing, increase the effective supply of rental housing, stabilize the supply of affordable housing, and meet citizens' housing needs through multiple channels.
Since Guangzhou and Shenzhen both belong to Guangdong, Guangdong Province has also made it clear that it will focus on solving outstanding housing problems in big cities this year.
On January 24, Ma Xingrui, the governor of Guangdong Province, said in his government work report that this year Guangdong will focus on solving outstanding housing problems in big cities, strengthen the construction of affordable rental housing, standardize the development of the long-term rental housing market, and speed up the development of long-term rental housing. Increase the supply of land, set out a separate land plan for rental housing, explore the use of collective construction land and idle land owned by enterprises and institutions to build rental housing, and vigorously develop private housing.
It can be seen that first-tier cities have put "solving the outstanding housing problems in big cities" on their important agenda.