[Epoch Times, December 13, 2021]Near Sri Lanka, more than ten cities in mainland China including Hohhot, Kaifeng, Nanning and other cities have successively issued policies to encourage home purchases. Some cities give cash subsidies, and some relax restrictions on purchases and price limits for certain types of houses .
According to a report by China Business News on December 13, in the past month, at least 10 cities (or regions) have introduced policies to encourage home purchases, including Hohhot, Jingmen, Hengyang, Kaifeng, Nanning, Baoding, Nantong Hai’an, and Chongqing Bi Shanhe Wanzhou, Qiannan Buyi and Miao Autonomous Prefecture Longli, Lu’an Jinzhai, etc.
Encouraging policies include: local authorities directly provide house purchase subsidies, preferential treatment for farmers to purchase houses in cities, preferential house purchases in the name of talents or two children and three children, reduction or exemption of commodity housing deed tax, and subsidies for the purchase of underground parking spaces. Baoding City, Hebei also took the lead in relaxing the purchase restriction and price restriction policies for specific housing types.
On December 10th, the Bishan District Housing and Urban-Rural Development Committee of Chongqing Municipality announced that it would hold a two-month preferential activity for house purchases. Buyers will purchase newly-built commercial houses (limited to 1 set) and parking spaces (not more than 2) from local real estate companies. Commercial housing (not more than 5), office housing and the purchase of second-hand housing (limited to 1 set), who meet the corresponding conditions, can enjoy the same amount of housing subsidy paid for the deed tax.
Hengyang City in Hunan will provide deed tax subsidies to citizens who buy houses in the next 5 months. The subsidy ratio ranges from 15% to 50%. The sooner you buy a house, the more subsidies you will receive. For example, if you buy a house before January 31 next year, you can get a 50% deed tax subsidy. .
Kaifeng in Henan, Wanzhou in Chongqing, and Xinxiang in Henan have also given time-limited deed tax subsidies to encourage citizens to buy houses at the end of the year.
Nanning, Guangxi has recently expanded the scope of housing subsidies for talents, and plans to implement first-time housing subsidies according to the categories recognized by high-level talents. Among them, category A talents will be given 2 million yuan (RMB, the same below) housing purchase subsidies, and category B talents will be given 1.2 million yuan housing purchase subsidies. , The recognized high-level talents of category D and E can enjoy house purchase subsidies of up to 400,000 yuan and 200,000 yuan.
Hai’an, Nantong, Jiangsu, proposed to give preferential house purchases to two-child families and three-child families. Haian also encourages local companies to organize group purchases of commercial houses, and those eligible will be offered a discount of 400 yuan per square meter based on the market price.
Hohhot, Inner Mongolia, also announced that it will provide housing subsidies to college graduates who purchase properties in Hohhot for the first time within five years of graduation. Doctoral, master, and undergraduate students will be given a one-time subsidy of 100,000 yuan, 50,000 yuan, and 30,000 yuan for house purchases.
Rural residents and migrants who are willing to settle down and buy a house in Longli County, Guizhou, can receive a corresponding subsidy of 500 yuan per square meter according to the number of registered population (40 square meters per person), with a maximum of 20,000 yuan per person.
Hubei Jingmen City also announced that in the next year, buyers who purchase newly-built commercial houses and underground parking spaces in the central city for the first time, and obtain deed tax payment certificates, will be given a one-time house purchase subsidy according to 1.5% of the transaction volume of the commercial house sales contract, and the maximum subsidy amount will not exceed 50,000 yuan.
Hebei Baoding recently announced the relaxation of price restrictions and purchase restrictions. The local area has lifted sales price restrictions for passive ultra-low-energy building commercial housing projects.
Up to now, most of the third- and fourth-tier cities have introduced the property market deregulation or housing subsidy policies. According to the report, this may be related to the soaring property market inventory in these cities. According to data from the Shanghai E-House Real Estate Research Institute, the monitored inventory data of 100 cities across the country has been increasing year-on-year for 36 consecutive months, setting a new high in five years. Tier 3 and 4 cities have the greatest pressure to destock and are difficult to resolve in the short term.
Editor in charge: Liu Yi
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