Editor’s note: Wuxi and Xi’an have successively introduced real estate related policies, which are currently few policies that directly involve real estate companies.
On the evening of February 12, Wuxi issued 17 related policies on “anti-epidemic, weathering the crisis, and stabilizing the economy.” Among them, the policies covering real estate are comprehensive, mainly aimed at real estate-related corporate funds.
The main policies include: For real estate-related enterprises that are difficult to be affected by the epidemic situation, they can apply for extensions of up to 3 months; enterprises that have difficulties in paying real estate tax and urban land use tax can apply for reductions and exemptions. Special fund subsidies for long-term rental apartment companies; guide banks to maintain a modest increase in real estate business credit, no drawdowns, continuous loans, and no pressure on loans; orderly placement of personal housing loans; relaxation of supervision of presale funds (with advance payment of housing purchases) and presale The system can be adjusted to complete the investment of more than 25% (the requirements of prefabricated buildings are unchanged); the delivery of land and the payment of the payment of the transaction land can be delayed, and the small and medium-sized enterprises that rent the house are state-owned assets are exempt from 1-3 months of rent. ; Strengthen the guidance of return to work, take the initiative to provide service, and support enterprises to resume work as soon as possible.
In addition, on the evening of February 8th, Xi’an also issued 20 “anti-epidemic and stable economy” related policies, of which 10 to 13 directly related to real estate companies. Pressure to encourage real estate companies to take land.
The main policies include: Reduce or exempt urban land use tax and real estate tax for enterprises affected by the epidemic situation; pay land transfer payments in installments and pre-apply for real estate property certificates. For instalments after November 1, 2019, and the “Contract for Assignment of the Use Rights of State-owned Construction Land” has been signed. The impact time of the epidemic is not calculated as late fees and is not included in the default period. The contract’s original completion date was postponed according to the end of the epidemic. From February 8th, land transfer fees can be paid in installments after the land is sold. If an installment contract has been signed, land ownership documents such as “Online Listing Transfer Transaction Confirmation Letter”, “State-owned Construction Land Use Right Transfer Contract” and other land ownership documents can be used first Apply for the “Construction Land Planning Permit” and “Construction Project Planning Permit”. After the land is sold, the construction unit can pay 50% of the land transfer fee and sign a commitment letter, and then can complete the real estate registration procedures in advance, pay all land transfer fees and related taxes and fees, and complete formal real estate registration procedures before the bank mortgage loan. The online land listing trading system will be resumed in a timely manner.