[Epoch Times July 30, 2021](Epoch Times reporter Liu Yi comprehensive report) The Wuhan Municipal Housing Administration Bureau of Hubei Province recently issued a notice on the management of home purchase qualifications. Buyers must first verify their qualifications and then purchase a house after review. The qualification is valid within 60 days and will be invalidated after expiration. The outside world called this rule “office ticket”, lamenting that the mainland has returned to the era of planned economy.
Wuhan Municipal Housing Management Bureau published the “Notice of the Municipal Housing Security Housing Management Bureau on Strengthening the Management of House Purchase Eligibility” on its official website on July 28 (draft for comments). The time for soliciting opinions is from July 28, 2021 to August 6, 2021.
The notice stated that in order to strengthen the management of home purchase qualifications, home buyers must first verify their home purchase qualifications, and make home purchase qualifications a prerequisite for home purchase applications, and they can purchase houses only after passing the review. In addition, the result of home purchase qualification confirmation is valid within 60 days from the date of issuance, and those that are not used after the expiry date will automatically become invalid.
“Changjiang Daily” quoted an explanation from a relevant person from the Wuhan Municipal Housing Administration Bureau on the 29th, saying that the “room ticket” will be locked after registration. Intentional buyers who obtain the qualifications to purchase a house can only register in one project, and the result of the registration will be locked and locked. During this period, it will no longer be possible to register in other properties. Developers can only sell houses to registered buyers who are qualified to buy houses, otherwise they are not allowed to sell. Buyers of second-hand houses also need to obtain the qualification to purchase a house first, otherwise they cannot apply for an online visa.
In this regard, some mainland people call it “buying a house with a room ticket.”
Financial commentator Wang Jian said in his self-media program on July 29 that this is the planned economy, including the introduction of second-hand housing guidance prices by the authorities. These are all manifestations of the planned economy.
Wang Jian believes that the CCP has now begun a new round of real estate rectification.
On July 23, 8 departments including the Ministry of Housing and Urban-Rural Development of the Communist Party of China stated that they had begun to rectify the order of the real estate market; on the 29th, the Ministry of Housing and Urban-Rural Development of the Communist Party of China interviewed the government officials of five cities including Yinchuan, Xuzhou, Jinhua, Quanzhou, and Huizhou, saying that these cities were newly built in the first half of this year. The sales price of commercial housing and the price of residential land have increased too fast. These five cities have been included in the list of urban real estate regulation and control work. The Ministry of Housing and Urban-Rural Development and relevant provincial governments will jointly supervise and supervise. Many cities have recently released new real estate policies, and Wuhan has launched ” “House ticket”, Shanghai, Shaoxing, Wuxi and other cities have also introduced new regulations such as raising mortgage interest rates and introducing second-hand housing guidance prices.
Wang Jian said that this is the movement of the CCP, and it will start on the 23rd.
In explaining the purpose of the CCP’s move, Wang Jian said that China faces systemic financial risks. Since last year, the CCP has flooded the market with floods. Now there is a crisis. The CCP wants to build a dam to stop the flood; when the economy drops, the water level begins to drop, the dam may collapse, and some real estate companies may default. The Chinese Communist Party’s regulatory authorities have sensed the risks, and what they are doing now is to circle the financial risks in real estate together and prevent the risks from spreading to other areas.
Wang Jian predicts that in the second half of this year, real estate companies’ defaults will continue to occur, and the effectiveness of the CCP in reducing the risks of real estate companies still needs to be observed.
Editor in charge: Lin Congwen#
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