On June 25, Yangzhou Housing and Urban-Rural Construction Bureau announced that since July 1, the Notice on Promoting the Steady and Healthy Development of the Urban Real Estate Market has been formally implemented, with a validity period of one year, and the scope of application is urban areas, such as the adjustment of higher-level policies, which shall prevail. The announcement shows that the new policy involves many aspects, such as new housing, second-hand housing and land acquisition by developers, including relaxing purchase restrictions, restricting sales conditions, and increasing housing subsidies. Real estate development enterprises can apply for deferred payment of urban infrastructure supporting fees.
Some insiders believe that Yangzhou, as a city that has recently lifted the restrictions on purchase and sale, has a strong signal significance. In addition to Yangzhou, Henan Nanyang, Shandong Linyi and other places have also introduced purchase support policies. The industry judges that there will be various positive easing policies in the second half of the year. 58 Zhang Bo, president of Anjuke Research Institute, said that from the current property market, further relaxation of property market policies around the country will be a more definite policy direction. Article 5 of the Notice on the Requirements
for the Planning and Management of Residential Land to
Help Enterprises to Relieve Difficulties States: "The applicable time range of the Notice on the Requirements for the Planning and Management of Residential Land to Help Enterprises to Relieve Difficulties shall be extended to non-high-quality residential land sold after January 2018.". ” On October 30,
2022, the Municipal Natural Resources and Planning Bureau, in conjunction with the Municipal Housing and Construction Bureau and the Municipal Urban Administration Bureau, jointly issued the Notice on the Requirements for the Planning and Management of Helping Enterprises to Relief Distress and Optimize Residential Land, which aims to optimize the public space of duplex residential buildings from the planning and management of non-high-quality residential land sold within the urban area to the planning and management of residential land. Four aspects, such as the calculation of the volume ratio of supporting facilities in residential areas, deepen the implementation of the relevant requirements of the municipal government's housing enterprise forum, and the applicable time range is the non-high-quality residential projects that have been sold after October 30, 2020.
Recently, the Municipal Bureau of Natural Resources and Planning has sorted out the relevant land transfer situation. In order to be universal and consider the impact of the epidemic in the previous three years, and create a better business environment, the applicable time is now extended to January 2018. Article 6 of the Notice of Increasing Bank Guarantee
in
Land Bidding, Auction and Listing Activities States that bank guarantee (demand type) shall be added in land bidding, auction and listing activities as a way of performance guarantee for bidders to participate in land bidding, and the time limit for payment of land transfer fee by installments shall be extended to 6 months. In May
2022, the Municipal Bureau of Natural Resources and Planning issued the Notice on Supporting the Adjustment and Optimization of Land Transfer Policy for Rigid and Improved Housing Demand (Yang Natural Resources [2022] 76), which made it clear that "the first 50% of the transfer fee shall be paid within one month, 75% within 90 days, and all within 180 days." No interest.
In order to alleviate the financial pressure of real estate development enterprises, the preferential policy will continue to be implemented, and at the same time, the original three-month payment of the transfer fee will be extended to six months. Article 7 of the Notice on
Supporting the Adjustment of Repayment Arrangements
for Stock Loans of Real Estate Enterprises States: "Supporting the independent consultation between banking institutions and real estate enterprises based on commercial principles, supporting the stock loans of real estate enterprises through extension and adjustment of repayment arrangements, and further optimizing the approval process and shortening the approval period."
Through the relevant media in the industry, we know that for the stock financing of real estate enterprises'development loans, on the premise of conforming to the national policy, we should support the banking institutions and real estate enterprises to negotiate independently on the basis of commercial principles, actively support them by extending the stock loans and adjusting the repayment arrangements, and the banking institutions should further optimize the approval process. Shorten the approval period. According to the needs of enterprises, Yangzhou Banking and Insurance Regulatory Bureau will carry out point-to-point services with the Municipal Housing and Construction Bureau in the later period to improve the quality and efficiency of financial services.
Continue to implement Article 8 of the current
Notice on Pre-sale Supervision Funds to Help Enterprises: "Urban real estate development enterprises may apply for an extension of the payment of supporting fees for urban infrastructure, up to the time when the first batch of sales permits are processed.". We will continue to implement the current policy of pre-sale supervision funds to help enterprises.
In order to alleviate the financial pressure of enterprises and boost market confidence, in June 2022, the Municipal Housing and Construction Bureau issued "Several Opinions on Actively Supporting Enterprises in the Field of Urban Construction to Solve Difficulties" (Yang Jianfang [2022] 34). Enterprises can apply for early release of part of the regulatory funds for project construction according to their credit rating. At the same time, it is also clear that urban real estate development enterprises can apply for an extension of the payment of supporting fees for urban infrastructure, which can be extended up to the first batch of sales permits. These preferential policies will continue to be implemented for one year. Statistics from
the National Bureau of Statistics show that the completed housing area from January to May 2023 was 278.26 million square meters, an increase of 19.6%. Among them, the completed residential area was 201 million 940 thousand square meters, an increase of 19.0%. Commercial housing sales area of 464 million 400 thousand square meters, down 0.9%, of which residential sales area increased by 2.3%. Commercial housing sales amounted to 4978.7 billion yuan, an increase of 8.4%, of which residential sales increased by 11.9%.
On June 25, the China Index Research Institute pointed out in its research report that the current interest rate cut has had a positive effect on the repair of market expectations, but the substantial driving force on the market sales side is limited, the rhythm of home buyers entering the market has not improved, and the performance of the real estate market is still relatively flat.
Therefore, if more and more vigorous policies are introduced in the short term, the market is expected to further improve and repair, and the superposition of multiple policies is expected to drive the real estate market to stabilize gradually, and the market may be moderately repaired in the second half of the year. "If the policy is slow or weak, the confidence of home buyers may be difficult to improve, and the adjustment of the real estate market is expected to continue for some time." Judgment of the Middle Finger Research Institute.
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