To strengthen the existing policy
Editor’s note: This article is from the micro-channel public number “engraved magnesium estate” (ID: Real-estate-Circle), Author: magnesium engraved estate.
On January 20, it was circulated on the Internet that the Shanghai Housing Management Bureau held an emergency meeting to discuss countermeasures to deal with the recent overheating of the Shanghai property market.
Mei editors learned of a suspected meeting minutes document showing that in order to convey the spirit of the meeting of the Shanghai Municipal Bureau and strictly control overheating, a series of measures will be taken to prevent “new housing recognition overheating” and other situations.
The measures involved in the circulating documents include restricting the ratio of credits, prohibiting joint intermediaries from manipulating second-hand housing prices, increasing the ratio of credits, only one set of credits can be credited at the same time in the same family, the number of lotteries must be withdrawn for a week, customer qualifications are strictly reviewed, and pricing Need to wait reasonably.
Subsequently, the relevant person in charge of the Shanghai Municipal Housing Management Bureau stated that there is no new policy, but only an enhancement of the original policy. In response to the current irregularities in the sales process, it is required to strengthen management.
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Housing Administration: Strengthening the original policy
Recently, Shanghai’s property market phenomena such as “thousands of people recognizing chips” and “difficulty in shaking numbers” have emerged one after another.
This document that has flowed out on the Internet shows the Shanghai authorities’ concern about the current abnormality and overheating of the property market.
Image source: Photographed by Magnesium
Relevant measures will start at the same time from three aspects: recognition rules, new house supply, and new house price, including:
1. Restrict the recognition ratio not to exceed 3:1.
2. During the period of project recognition and financing, agencies that report to the Housing Management Bureau for cooperative distribution shall not jointly manipulate the price of surrounding second-hand houses with intermediaries.
3. For projects that are overheated, the most effective way is to increase the proportion of funds to be funded. The most effective method is that the same family and the whole Shanghai can only fund one set at the same time. The fund raised should not exceed 20% of the total housing price. %.
If it is a hot-selling real estate, appropriately increase the proportion of fund raised, the first set does not exceed 35%, and the second set does not exceed 70%. (The time span is from the beginning of recognition to the end of lottery)
4. Strictly control the fund-raising system for developers to recognize, and must withdraw from the fund-raising within one week after the lottery.
5. Strictly review the purchase-restricted customers, and the developer will be responsible for the strict review.
6. The pre-review price is strictly approved, and the developer’s pricing is reasonable with reference to the surrounding real estate prices.
7. For new houses whose prices are significantly lower than those in the surrounding areas, increase the prices appropriately to prevent overheating.
Industry insiders believe that if the measures are proven and implemented, they will effectively control the credit ratio, and will have an immediate effect on curbing “house grabbing” and avoiding overheating in the market.
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Industry insiders: Four signals are worth paying attention to
In response to the above-mentioned documents, although the relevant person in charge of the Shanghai Municipal Housing Management Bureau stated that there is no new policy, he admitted that the original policy has been strengthened.
Mainly to strengthen the implementation of the original policies and eliminate chaos in the property market; in view of the current irregularities in the sales process, it is required to strengthen the management of the sales process.
From the actual situation, there are actually many real estates in Shanghai that are implementing this policy. For example, several projects of the Lujiazui Group in Pudong require customers to fill in a statement that they have not recognized two projects at the same time, that is, “the same During the recognition period (from the beginning of the project’s recognition to the announcement of the lottery results), the recognition customers go to other real estates in the city for recognition. This real estate is not supported. If the review fails during the quota query process, the consequences will be confirmed The customer shall bear it.”
Zhang Bo, dean of 58 Anjuke Research Institute, believes that the wind direction of this meeting is already obvious, and it can be regarded as a “weathervane” for subsequent regulation and control.
“If the irrational sentiment in the market is not effectively alleviated, and second-hand housing prices in some areas continue to be maliciously speculated, it is expected that the policy ‘big stick’ in the first quarter will follow.”
Zhang Bo pointed out that under the policy signals, several directions of the market are worth paying attention to: First, the speculation of new house prices will be severely cracked down.
Many of the circulated document measures involve the sale of new houses. Although there is no direct implementation of the policy, from the signal released, it is a positive constraint on the real estate companies to open the market in batches and a small number of times.
In particular, the credit ratio exceeds 3:1. Not only will the project price be limited, but also the listing will be restricted, and the installment sales will be strictly controlled.
Image source: Photographed by Magnesium
Because housing listings are launched in small quantities in batches, it is easy to convey the illusion of tight housing availability to the market, which may lead to an increase in market expectations,It caused market panic and affected the steady and orderly development of the real estate market.
Zhang Bo believes that in the future, it is estimated that there will be more stringent requirements for the pace of new disks on the market.
Second, cracking down on violations and corruption in the sale of new houses is also worthy of attention.
From the spread of measures, projects with an opening sales rate of more than 90% require strict review of the subscription list. At the same time, it is required that “the same family can only be recognized once in the same time period.” Rename after lottery and rename after check-out will restrict online signing.
These practices can effectively prevent corruption, such as the phenomenon of “tea fee”.
Zhang Bo pointed out that because Shanghai has implemented a strict new house price limit system in the past two years to ensure the stability of house prices, some second-hand houses do exist upside down, which also leads to violations of regulations in the sales of new houses and charges privately. The phenomenon of “tea fee” and internal violations of regulations has been on the rise. It is expected that strict control at this level will be further strengthened. Once the project opens, the intensity and scope of investigation will be significantly improved.
Third, the price limit of new houses will not stop.
According to the provisions of the minutes, the price of new houses in 2021 will be based on the regional benchmark projects less than or equal to 2020, and the price will be restricted. Then the price increase of new houses in Shanghai will be strictly controlled in the future, and buyers do not need to worry too much about future house price increases and eager to enter the market.
Fourth, the second-hand housing market will also receive attention, especially the speculation of school district housing through self-media and other channels. The behavior of the speculation sector will become the focus of the next step.
Zhang Bo believes that Shanghai will not rule out more policies to combat chaos in the future.
The currently circulating reserve policy covers multiple aspects of regulating the market and purchasing qualifications.
“Investment demand in Shanghai’s real estate market is not a high proportion, most of which are residents’ self-occupation and improved house purchase consumption. Therefore, in the current Shanghai property market, there is objectively a concentrated release of potential house purchase demand that has accumulated for two or three years. New homes are mainly for improvement, while second-hand homes are fully undertaking rigid needs. However, due to the recent rise of public opinion guidance and a series of operational phenomena, the government has given warning and the market should pay attention.” Zhang Bo said bluntly.