In the first half of the year, the property market was regulated 192 times!

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  • Source: Dongyang Information Network

    Summary: The Ministry of Housing and Urban-Rural Development will jointly organize the seven departments after 12 cities to implement various measures to restrict purchases.

    Article Source: Evening News

    Since the beginning of this year, under the guidance of the central government's "floating and living without speculation" policy, many regions have adopted policies based on city planning and classified control policies. The data shows that in June 2018, the property market regulation continued to be released. More than 25 cities across the country issued regulatory policies, with a total of 32 real estate control policies, and a total of 192 property control policies in the first half of 2018, compared with 2017. The 116 adjustments in the first half of the year increased by 65%.


    In the first half of the year, the property market regulation policy reached 192 times

    In the recent period, the overheated signs of deviating from the urban property market and the rise of speculation have aroused the deep attention of the central government. After the Ministry of Housing and Construction interviewed 15 cities in a timely manner, once again reiterating that the intensity of control will not be relaxed and the six major control measures were introduced. Regulations in many places have been intensified again to further plug the "holes" in real estate speculation. With the recent seven ministries and commissions including the Ministry of Housing and Urban-Rural Development of the People's Republic of China carrying out special actions to deal with chaos in the real estate market in 60 cities, the national real estate regulation has entered a new stage, and the implementation of "no housing and speculation" has entered a critical period.

    The current round of regulation and control of the property market can be described as having a large scope, high frequency, and strong intensity. Where overheating occurs, where changes, deletions, and amendments are made, policies are issued. According to the statistics of the Central Plains Real Estate Research Center: In June 2018, the property market regulation continued to be released, and more than 25 cities across the country issued regulatory policies, with a total of 32 real estate regulation policies. The provinces involved include Hubei, Hainan, Liaoning, Guangdong, Beijing, Tianjin, etc. Cities include Xi'an, Yichang, Xuzhou, Shenzhen, Xishuangbanna Jinghong, Dandong, Jiaxing, Harbin, Qingdao, Hangzhou, Changsha, Foshan, Wuhan, Shijiazhuang, etc.

    In the first half of 2018, the property market's regulation and control policies reached 192 times, compared with 116 regulations in the first half of 2017, an increase of 65%.

    Suspension of corporate housing purchases to combat speculation

    In June, Changsha ’s upgrading of the property market ’s regulatory policy required that companies suspend the purchase of homes in areas where purchase is restricted; Xi'an and Hangzhou also made clear that they would suspend the sale of commercial and second-hand housing to enterprises and institutions and this institution.

    Hangzhou issued a document stating that during the sales process of the Notary Lottery of the Wharf Canglong Xi Project, three companies have been awarded together, and the sales of housing to enterprises and institutions and this institution have been suspended within the restricted area. It is reported that the three successful corporate legal persons are the same natural person, and the three companies are also successful in this real estate.

    In fact, cases of speculative real estate in the name of enterprises are rare. Speculators or intermediaries in Shanghai deviating from the property market also participated in the new house lottery by registering multiple companies "Vests" in order to increase the chance of "winning" and avoid purchase restrictions. Similar, the hot spot "Cuihu Tiandi Jinghui" in the core area of Shanghai in advance of the election results showed that out of 385 groups of customers, the company's customers as many as 214 groups.

    Industry insiders point out that restricting companies to buy a house means that the owner ’s measures to limit purchases in the future will be a little blank for companies to buy a house. The price of a new house entering the market is a restricted price, which is often less than 1-2% of the price of the surrounding second-hand housing . Whether this follows the risk of profitable space. Speculative sentiment has picked up.

    As of now, 8 cities in this name have issued a unified lottery policy: Shanghai, Nanjing, Changsha, Chengdu, Hangzhou, Xi'an, Wuhan, Shenzhen, a total of 8 cities. Deletion and modification of this deviating listing requires lottery transfer.

    The sign of a lottery sign is really very simple. In the future, the price of the new disk means the price is upside down. But now, many cities have just begun. In June, they just started to fill loopholes, and the problems caused by Wailihaohao.

    Seven departments will crack down on real estate speculation groups in 60 cities

    On June 28, the seven departments including the Ministry of Housing and Construction jointly issued a notice saying that from early July to the end of December 2018, special actions to control chaos in the real estate market will be carried out in 60 cities including Beijing and Shanghai.

    The key targets are five areas: speculative real estate gangs, real estate "black intermediaries", illegal and illegal real estate development enterprises, and false real estate advertisements. Similarly, speculative real estate gangs manipulated house prices and rents, sold them for sale, fabricated and disseminated false information, created false impressions of house grabs, pushed up house prices, and provided "down payment loans", etc .; cracked down on "black intermediaries" to violently expel tenants, bundled charges, and Yin-Yang contracts , Mandatory provision of agency services, embezzlement of client funds, participation in speculative real estate, etc.

    The 60 cities on the list include: Beijing, Shanghai, Guangzhou, Shenzhen, Tianjin, Nanjing, Suzhou, Wuxi , Hangzhou, Hefei, Fuzhou, Xiamen, Jinan, Zhengzhou, Wuhan, Chengdu, Changsha, Chongqing, Xi'an, Kunming, Foshan, Xuzhou, Taiyuan, Haikou , Ningbo, Yichang, Harbin, Changchun, Lanzhou, Guiyang.


    Land transactions cause price fluctuations in third- and fourth-tier cities

    Zhang Dawei, the chief analyst of Zhongyuan Real Estate, believes that the core issue of the intensive release of real estate policies is that it deviates from urban housing prices. In fact, housing prices in first- and second-tier hot cities are still stable, but housing prices in third- and fourth-tier cities are volatile.

    Although regulation and control is the main tone of the property market, the year-on-year increase in land transfer fees in hot cities is obvious. Central Plains Real Estate Research Center's statistics show that the total land transfer fees of 60 major cities amounted to 179.54 billion yuan, an increase of 39.6% over the same period in 2017 of 1287.49 billion.

    The highest land sales in Hangzhou were 148.53 billion, a year-on-year increase of 99%, Chongqing 92 billion was up 24%, and Suzhou was up 20%. In terms of value, the land market includes Hangzhou, Chongqing, Suzhou, Beijing, Zhengzhou, Jinan, Foshan, Ningbo, Guangzhou, 15 cities including Tianjin, Wuhan and Chengdu sold over 60 billion yuan in land.

    The data also shows that 38 third- and fourth-tier cities sold over 10 billion yuan in land. For example, Foshan City, Huzhou City, Changzhou City, Jiaxing City, Nantong City, Xuzhou City, Heze City, Taizhou City, Jinhua City, Dezhou City, Nanchong City, and Dazhou City all have more than 6 billion. In addition, the enthusiasm of the land market in third- and fourth-tier cities is not only reflected in the high amount of land transferred, but also in the increase in the average transaction price. Data show that in May, the average land transaction price of third-tier cities was 2187.3 yuan / square meter, an increase of 12.8% month-on-month, and a year-on-year increase of 26.2%, which is also the highest since 2011.

    In the industry's opinion, the first-tier cities and second-tier cities that have deviated from the hot spots have introduced more stringent control measures. Under this state, housing companies have gradually shifted their land acquisition focus to third- and fourth-tier cities.


    Land markets in major cities remain high

    According to the data provided by Zhongyuan Real Estate, from the perspective of hot cities, the land premium rate is basically stable, and the deviation from the urban premium rate has remained low.

    The premium rate of hot cities is basically around 10%, which is significantly lower than the average premium rate of 60% in 2015-2017. Taking Beijing as an example, the average premium rate for land in Beijing in 2017 was 24%, and so far this year it is 14%.

    The E-House (Blog) Research Institute reports that the land premium rate has fallen rapidly in the past year. In the future, the multi-national government has issued a land price limit order that stipulates that the premium rate is too low to terminate the sale. Those cities are basically the previous hot spots. In cities, regulation is more stringent. It is expected that the premium rate of land transaction in 40 cities for the whole year of 2018 will remain stable in the lower range.

    Zhongyuan Real Estate analyst Zhang Dawei believes that the land market has had a fever under the influence of a series of adjustments, but the transaction amount is still not optimistic. It is expected that in 2018, the land markets of major cities in the country will continue to maintain high levels after 2017.

    Regulation will increase in the second half of the year

    Zhang Dawei analysis believes that in the second half of 2018, it is expected that the regulation of the property market will exceed the first half of 2018 in a comprehensive manner, and it has started a bit since the beginning of July. A number of cities have just started to implement comprehensive overweight regulation. Will continue to emerge, and the policy supervision from the Ministry of Housing and Construction, which has just begun, will be the main behavior of the market in the second half of the year, including the stability of the market will gradually emerge under the promotion of policies.

    The industry believes that resolutely curbing speculative real estate and clearly supporting the demand for rigid living is becoming an important trend of local property market regulation and control policies.

    Liu Hongyu, director of the Institute of Real Estate Research at Tsinghua University, believes that increased demand for speculative real estate will have a squeeze effect on rigid demand, making it more difficult to buy a house . The government's efforts to curb real estate and security just need to do both, which will double the effectiveness of regulation.

    Interviewed experts generally believe that the government should further deepen the reform of the housing system, speed up the establishment of a multi-subject supply, multi-channel guarantee, and rent-purchase housing system to alleviate "panic" demand. Yan Yuejin , director of the Think Tank Center of the E-House Research Institute, believes that with the gradual implementation of the simultaneous rental and sales policies in various places, the increase in the supply of rental housing and the extension of the lease term will divert the demand for housing, promote the maintenance of rational expectations of housing prices, and reduce the volatility of the real estate market.

    Huang Xianzhi, Chairman of Zhengrong Real Estate, suggested: "In the long term, local governments should be made to assume more main responsibilities, and meet the needs of multi-level housing through multi-category supply of commercial housing , rental housing, shared property housing, and collective land rental housing. The property market continues to develop healthily. "

    Text / Reporter Li Hongpeng

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    • Frequent real estate policy tightening and relaxation
    • Restricting housing companies' overseas financing and property market regulation

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