Original title: Policies are intensified, and property market transactions are picking up in many places
● Our reporter Dong Tian
Recently, the property market policy adjustment in many cities has been increasing, and the policy effect has gradually emerged, and the property market transactions in many places have improved. Since June, the first-tier cities have taken the lead in recovering the transaction volume, and most second- and third-tier cities have increased the transaction volume month-on-month. Industry insiders pointed out that it is expected that in the second half of the year, the property market transactions will show a monthly recovery trend, and the year-on-year decline is expected to continue to narrow.
Turnover increased month-on-month
The China Index Research Institute pointed out that since June, the transaction volume of the property market in first-tier cities has increased month-on-month. Shanghai, Beijing and Guangzhou recorded the highest growth in transaction volume compared with the previous month. Among the second- and third-tier cities, more than 80% of the cities saw a month-on-month increase in transaction volume, with a significant increase in Suzhou.
From the perspective of inventory indicators, the monitoring data of the Middle Index Research Institute shows that the total inventory of 7 representative cities is stable. Inventories in Fuzhou, Guangzhou, and Beijing decreased month-on-month, while inventories in Shenzhen, Wenzhou, Hangzhou, and Nanjing increased slightly month-on-month. Since June, the overall supply of key cities has increased month-on-month.
According to the data from the Shell Research Institute, since May, the transaction volume of second-hand housing in the 50 key cities monitored continuously increased month-on-month. The overall transaction volume in the second quarter increased by about 15% compared with the first quarter. Among the Yangtze River Delta regions, transactions in Nantong and Hefei were the first to recover. After Hangzhou, Chengdu, Nanjing, Suzhou and other strong second-tier cities released property market adjustment policies, second-hand housing transactions increased significantly, and the policy effect was strong.
Regarding the trend of housing prices, the Shell Research Institute predicts that the housing prices of ordinary second-tier cities are expected to stabilize in August this year, and the housing prices of some low-energy-level cities will also stabilize by the end of the year.
Policies to stabilize the property market continue to increase
Judging from the policies to stabilize the property market recently released by various places, the policy adjustment involves a lot of content.
Recently, the Lu’an Housing Provident Fund Management Committee issued the “Notice on Further Improving the Policy on the Use of Housing Provident Funds”, clearly proposing to support rigid and improved housing needs, purchase new commercial housing in Lu’an City, and double-employee families who normally deposit housing provident funds, The maximum amount of housing provident fund loans has been increased from 600,000 yuan to 700,000 yuan; for families with a single employee who normally pays and deposits housing provident funds, the maximum housing provident fund loan amount has been increased from 400,000 yuan to 500,000 yuan. The implementation period is from June 23, 2022 to December 31, 2023.
The “Notice” pointed out that employees who have paid for the purchase of new commercial housing in Lu’an City can withdraw the housing provident fund of their co-living family members (parents and children). The newly-built commercial housing purchased by the employee is a one-time payment, and the total withdrawal amount of the members of the co-living family (parents and children) shall not exceed the total purchase price of the house; if the newly-built commercial housing purchased by the employee is subject to a housing mortgage loan, the total amount of the members of the co-living family (parents and children) shall not exceed the total purchase price. The withdrawal amount shall not exceed the down payment amount recorded in the commercial housing record contract. For employees who use housing provident fund loans to buy second-hand commercial housing, the loan term and housing age will be adjusted from a maximum of 30 years to a maximum of 40 years.
The Longyan Housing Provident Fund Management Committee has issued policies to support employees’ reasonable housing needs and increase the housing provident fund loan amount for families with two or more children. For worker families who apply for a housing provident fund loan for the second time to buy a house, the down payment ratio is lowered from not less than 40% to not less than 30%. Increase the first provident fund loan amount for families with two or more children. For worker families who give birth and raise two or more minor children, if they apply for a housing provident fund loan for the first time, the maximum loan amount for their housing provident fund loan will be increased under the conditions of other housing provident fund loans. 100,000 yuan. If the employee’s family does not own housing in the place where the housing provident fund is deposited, the rent withdrawal limit will be increased from 600 yuan to 700 yuan per month.
Some regions have successively introduced policies to stabilize the property market. Recently, Hefei has once again optimized the property market policy. The non-local household registration can make up for social security, and the restrictions on the purchase of houses by enterprises have been cancelled. Starting from June 24, non-Hefei households can purchase houses by paying social security and personal tax, and corporate legal persons and unincorporated organizations can also purchase newly-built commercial housing and second-hand housing within the urban area.
Previously, Hefei City lifted the purchase restrictions on Yaohai District, Xinzhan District and Xinqiao Industrial Park in Economic Development Zone; households with registered permanent residence outside of Hefei have accumulated 6 months of social security within 2 years of Hefei, and they can buy a suite; Families with registered permanent residence in Hefei can purchase a third second-hand house in the restricted area, and the purchase of new houses is still restricted.
Zhang Dawei, chief analyst of Centaline Real Estate, told a reporter from China Securities Journal that since June, the number of regions that have issued policies to stabilize the property market has continued to set new records. Up to now, more than 450 real estate control policies have been issued since the beginning of this year, and the content of policies to stabilize the property market has been continuously upgraded.
Increased enthusiasm for land acquisition
Judging from the recent land acquisitions disclosed by real estate companies, many real estate companies have significantly improved their enthusiasm for land acquisition.
Some real estate companies disclosed multiple land acquisition announcements in one day.byHefei Urban ConstructionFor example, on the evening of June 24, the company disclosed the announcements that the company, its wholly-owned subsidiary, and its holding subsidiary company had won land use rights.
According to the announcement of Hefei Urban Construction, the company participated in the land use right transfer activity organized by the Natural Resources and Planning Bureau of Changfeng County on June 24, 2022, and obtained the land parcel No. CF202213 in Changfeng County, Hefei through auction. The total amount of land use right transfer is about 569 million yuan, which will be solved by the company’s self-raised funds. Industrial Technology, a wholly-owned subsidiary of the company, participated in the land use right transfer activity organized by Changfeng County Natural Resources and Planning Bureau on June 24, 2022, and obtained the land parcel No. About 410 million yuan, which will be solved by the company’s self-raised funds. On June 22, 2022, the company’s holding subsidiary, High-tech Venture Capital, participated in the land use right transfer activity organized by the Feixi County Natural Resources and Planning Bureau, and obtained the land parcel No. FX202233-2 in Feixi County, Hefei City through listing. The total amount of the transfer of rights is 26.153 million yuan, which is solved by the company’s self-raised funds.
Before that,Suzhou High-tech、Tiandiyuan、Nanshan Holdings、China Merchants Shekou、Wolong Real Estate、Chengtou Holdings、urban developmentWait for real estate companies to disclose land acquisition announcements one after another in the near future.
Some real estate companies did not acquire land for the whole year of 2021, and recently resumed their enthusiasm for land acquisition. Taking Wolong Real Estate as an example, on June 7, 2022, the company won the PJ-06-7-15 plot in Yuecheng District ( Shisi east side plot) land use rights. The company did not disclose any land acquisition announcements in 2021.
Some real estate companies bid for a higher amount of a single plot of land. Urban Construction Development recently announced that on May 31, 2022, the company received the “Beijing State-owned Construction Land Use Rights Listed and Assigned Transaction Confirmation”. The first-level development project of Chengxin Village Reconstruction Land is the state-owned construction land use right of the R2 second-class residential land in the A-07 plot, and the total land scale of the project is 9.68 hectares.
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Responsible editor: Wang Meng