This article is from WeChat public account “Western City Affairs (ID: xibuchengshi0518) “, author: Western bacteria title figure: the original with maps

The first shot to boost the property market, officially started!

According to incomplete statistics, Wuxi, Xi’an, Shanghai, Nanjing, Zhengzhou and other more than 10 provinces and cities have recently released various support policies related to real estate, and policy loosening is expected to appear.

In the past period, the tightening of real estate regulation has put pressure on many cities, and the tide of bankruptcy and bankruptcy of small and medium-sized real estate companies has been widely concerned. In this regard, some places are eager to try, through the disguise of talent policy, and some places are testing the wind, and the loosening policy has repeatedly encountered day trips.

After the black swan incident in Wuhan, offline sales have entered a frozen period, which has an impact on the economy on the property market, which has given more reasons for policy loosening.

Of course, some people are also worried. As the first shots to boost the property market are launched, will there be a return to real estate to stimulate the old road?

One

After the turmoil in Wuhan, sales of commercial buildings were suspended in most areas, sales offices were closed, and real estate agents were also suspended.

The property market has entered a frozen period, and the dividends for returning home buyers in the Spring Festival have been completely missed. It is difficult for the housing enterprises to return the funds, and the local land transfer payments cannot be timely received. Especially in cities with high housing dependence, the economic impact is beyond doubt.

Picture: Web

So before the official shot, the HSs in various places could not help it anymore. For example, the Real Estate Association of Jiangxi and Anhui have issued recommendations to the local government on support policies for real estate companies.

Take Jiangxi as an example. The proposal of the HKHS covers eight aspects including financial and fiscal support. The most direct impact is to call for relaxation of the purchase restriction, price restriction policies, and relaxation of the pre-sale policy:

Appropriately relax the restriction on purchases, increase the incentives for talents to settle down, and grant subsidies or discounted interest policies that meet the talents’ settled groups;

Release price filing restrictions appropriately.

The proposal from the Anhui Housing Society also contains a similar appeal for the restriction of purchase and price. Of course, the Hong Kong Housing Society is not a policy maker, and these suggestions may not be fully absorbed. The red line is still there, even if it is not loose, it will not be so naked and straightforward.

However, the policies of Wuxi, Xi’an, Shanghai, Nanjing, Zhengzhou and other cities have stated that boosting the property market and allowing the real estate industry to recover as soon as possible has become the current urgent consensus.

For example, Wuxi, the first to launch, launched 17 rescue policies for targeted real estate companies, which involved construction, pre-sale, tax payment, and credit. They are quite intensive and relatively hardcore. Here are two excerpts:

Affected by the epidemic situation, real estate development enterprises, construction enterprises, housing intermediaries, and leasing enterprises that have difficulty in handling tax declarations shall apply for extension declarations in accordance with the law. . For those who really have special difficulties and cannot pay the tax on time, the enterprise shall apply for a deferred tax payment in accordance with the law, up to a maximum of 3 months …

If a building within the scope of which a construction permit has been obtained, which affects construction due to the epidemic situation, the original image progress requirements when applying for pre-sale shall be adjusted to the investment amount. The sale part can be completed with more than 25% investment (the image progress requirements of prefabricated buildings remain unchanged)) …

Whether it is tax and fee extensions, reductions or exemptions, requiring banks to not blindly draw down loans, cut off loans, press loans, or lower the pre-sale threshold, it will help alleviate the cash flow pressure of housing enterprises.

In addition, in many regions such as Xi’an, Shanghai, and Nanjing, franchised enterprises can delay payment of land transfer fees and blood transfusions to real estate companies, while also allowing the property market to thaw as soon as possible to avoid dragging on the economy.

Second

For housing companies, the “hard-core” rescue measures in various places can be described as sending coal in the snow.

The real estate industry itself is an industry with a strong dependence on cash flow and a high level of debt as a whole. In the past, with the overall tightening of regulatory policies and the rapid reshuffle of housing companies, leading housing companies began to shrink the front and live a tight life. As for small and medium-sized housing companies in low-tier cities, “surviving” has become a problem.

Every year during the Spring Festival, a return to the property market will form a wave of favorable housing market. But the Wuhan Black Swan incident completely interrupted the “historical process” that is staged every year, which is no worse than worse.

With the suspension of commercial housing transactions, under zero viewing, zero transactions, and zero contracting, those housing companies with insufficient food and grass reserves have been severely affected by the Wuhan storm. Some housing companies in third and fourth tier cities said that “the winter has come “Not too much.

When they can’t get back their blood in time, they also face the pressure of debt maturity.

Data source: Wind database

For example, according to the middle finger data, from February to June, 15 of the 32 companies with short-term bond maturity will have negative operating cash flow. For example, Evergrande and Huaxia Happiness are both around negative 40 billion; R & F Real Estate also has negative 22.798 billion yuan.

So while the Housing Society shakes its flag and proposes to loosen the property market, housing companies also use it.