On average, one real estate regulation policy information is released every day. This is the current situation of China’s property market this year. While saying “no” to investors to curb the speculative demand for investment in the property market; On the other hand, we proposed to develop affordable rental housing and solve the housing problem for new citizens and young people. Various signals indicate that a variety of detailed long-term mechanisms are being established, and China’s real estate market will step into a new stage of development.
Statistics from Centaline Property Research Center show that since this year, the number of property market regulation policies issued nationwide has exceeded 140, more than 40 in a single month, an average of 1.3 a day. According to the Securities Daily reporter observation, under the general tone of “housing not speculation”, the core of these policies are focused on the investigation of illegal capital inflows such as business loans, talent settlement, land supply, and the reorganization of intermediary agencies.
Accurate regulation focuses on “linkage”
Ni Hong, Vice Minister of the Ministry of Housing and Urban-Rural Development, interviewed Guangzhou, Hefei, Ningbo, Dongguan and Nantong on April 8, and all of them are cities with relatively high market heat, high housing price increase or high land price increase. Market sentiment and expectations are obviously unstable.
“Different from the previous months when the government ‘supervised’ property regulation in hot cities, this’ consultation ‘is overlaid with two’ realities’ (to effectively raise the political standing and shoulder the main responsibility of cities).” Chen Wenjing, deputy director of the index division of the China Finger Research Institute, told the Securities Daily reporter that from the contents of the interview, the central government paid more attention to the assessment of the effect of regulatory policies in various regions, emphasizing the enhancement of targeted regulation and timeliness, and introducing more precise policies to ensure the smooth operation of the real estate market.
Through this phenomenon, we can see the leading thread of new ideas of regulation. Strengthening the evaluation of the effect of policy implementation is a new concept, which indicates that the main responsibility of cities will be further carried out, and policies based on cities will be more accurate and effective. Various places also put forward new measures for the new situation, for example, in Hefei at the beginning of this year, there was a group of owners to raise the price of the situation, then Hefei interviewed the relevant owners, and said that the future price gouging will be interviewed.
“Improving the linkage mechanism of population, land and housing” is also a new concept, which focuses on linkage. Manpower, land and housing should be linked with urban job-housing balance and other resources as well as related industries, and related fields such as economy, population and education should be considered in coordination.
“The Ministry of Housing and Urban-Rural Development (MOHURD) interviewed Guangzhou, Dongguan and other five cities this time because of rising speculation in the real estate market in these cities and strong expectations of rising prices. Although these cities have previously introduced regulatory policies, but the intensity is relatively light, targeted, timeliness is not strong.” Housing policy research center of guangdong province chief researcher Li Yujia to “securities journal” reporter, said that several cities as core metropolitan city, a common problem is a population flow, but not the current regulation policy to real estate and population, employment, education, land, multiple factors such as collaborative planning, supply structure, fragmentation caused by policy.
Chen Wenjing told “Securities Daily” reporter, the future policy will continue to follow up in the following aspects: population, land and housing linkage mechanism improvement; The overall coordination of regulatory policies and population settlement and compulsory education; Second-hand housing transaction management to strengthen.
Reprint indicated source：Spark Global Limited information