Real estate purchase restrictions lifted? Depends only on whether it is "obsolete"

On December
21,
Xi delivered a speech at the Central Economic Work Conference, proposing to "dissolve real estate inventories." Speed up the civilization of migrant workers, expand effective demand, open the supply and demand channels, digest inventory, stabilize the real estate market. The reform of the household registration system should be implemented to allow non-residents, such as agricultural transfer population, to settle in places of employment. We should clearly deepen the direction of housing system reform and expand public rental housing to non-resident population. To develop the housing rental market, encourage natural persons and various types of institutional investors to buy inventory commercial housing, to become the rental market housing providers, to encourage the development of housing rental as the main business of specialized enterprises. To remove outdated restrictive measures." Restrictive measures have a wide range of meanings, the most notable of which is the purchase-limiting policy, but don't forget that there is a saying between the lifting of the purchase-limiting measures, "obsolete". What is "obsolete" means that those that do not meet the current development requirements conflict with the policies already implemented. And whether the purchase limit is "obsolete", especially in the implementation of the limited purchase of "North to Guangshu" this year's general rise in turnover background, the limited purchase of "obsolete" said that still need to draw a question mark. Not to add to the fact that another important part of the housing restrictions is to control the size of Beijing's resident population. What conflicts with the implemented policy is indeed "obsolete" and needs to be adjusted mainly in terms of the time limit for the withdrawal of pre-sale funds. On December 16 this year, the Beijing Municipal Housing and Construction Commission issued a notice that, under the premise of ensuring that the pre-sale funds are used for the construction of the project, when the online signed area of the commercial housing pre-sale project is less than one-third of the area of the pre-sale license permit, the real estate development enterprise may withdraw the funds from the special account for the construction of the project. Prior to this, the withdrawal requirements of pre-sale funds are in accordance with the underground structure to complete, structure capping, completion acceptance, completion of the initial registration and meet the conditions for buyers can unilaterally handle transfer registration of these four nodes to withdraw the pre-sale funds supervised in the bank's special account. The original purpose of this policy is to prevent the "rotten tail" of the property market, to ensure the rights and interests of home buyers. But the policy is "obsolete". In 2013, Beijing issued new pre-sale regulations requiring "large-scale residential and commercial and office projects below the 7th floor (inclusive) to reach the ceiling of the main structure in order to handle pre-sale." Those above 8 storeys (inclusive) must complete 1/2 of the planning layers (and not less than 7 floors) before pre-sale can be processed. "That is to say, 7 floors below the large-size residential and commercial, office projects at the beginning of the net sign has been structurally capped, 8 floors above the construction progress of the building has also completed at least 1/2 of the planning floor, "rotten tail" possibility has been basically stifled, there is no need to strictly control the withdrawal time limit of pre-sale funds, so the party can be loosened. Whether the purchase limit is "obsolete" depends on the future supply and demand situation of the property market. According to AHA statistics show that from Beijing, due to the sale of a large number of land with affordable housing, self-housing and supporting facilities land, greatly crowded out the land for pure commercial housing, in 2014 and 2015, Beijing sold residential land in the area of pure commercial residential land is only more than 6 million square meters, and this year alone, Beijing pure commercial residential transaction area of nearly 7 million square meters. Two years of land supply is equivalent to a year of market de-ification, Beijing's pure commercial housing market is still in short supply for a long time. In this case, relying on the unilateral supply of new housing market is obviously not enough to meet beijing's demand for housing, then, how to mobilize the circulation of the second-hand housing market, will become the main point of policy revision. At present, the second-hand housing market tax burden is too high, although the business tax reduction period of "5 to 2", but the second-hand tax is still "full 5 unique" to enjoy tax benefits, which will undoubtedly cure and lock the property, reduce the circulation efficiency of second-hand housing, due to policy, artificially caused by the lack of second-hand housing available for sale, in the "removal of outdated restrictive measures" under the new direction, second-hand tax is expected to be reduced. On this basis, although the limited purchase will not be completely released, but in order to strengthen the circulation function of the second-hand market, the limited purchase to fine-tune, "sell one buy one" or "sell two buy one", so as to teng-no housing qualification can be expected. In Xi's speech, there are two more points worth noting. One is to "expand public rental housing to non-resident population", for the first time at the central level to break through the geographical restrictions of housing security, for low- and middle-income people or young white-collar workers who have just graduated to participate in the work, there is no doubt that there is a choice. The second is to "encourage the development of housing rental as the main business of specialized enterprises", how to encourage the future is expected to issue corresponding policies, a variety of V-work, the office will usher in the spring of development. Guo Yi: Marketing Director of AHA.