On July 29, Ni Hong, Vice Minister of housing and urban rural development, interviewed the heads of the governments of Yinchuan, Xuzhou, Jinhua, Quanzhou and Huizhou, demanding that the decisions and arrangements of the CPC Central Committee and the State Council be resolutely implemented, that houses be used for living rather than speculation, that real estate be not used as a short-term means to stimulate the economy, and that the main responsibilities of cities be earnestly fulfilled, In view of the new situations and problems in the real estate market in the first half of the year, we strengthened regulation and supervision to promote the steady and healthy development of the real estate market.
In the first half of this year, the sales price of new commercial houses and the price of residential land in Yinchuan, Xuzhou, Jinhua, Quanzhou and Huizhou increased too fast, and the market expectation was unstable, which aroused widespread concern in the society. The meeting announced that Yinchuan, Xuzhou, Jinhua, Quanzhou and Huizhou will be included in the list of key cities for real estate market monitoring. It is reported that the real estate regulation of such cities is jointly supervised by the Ministry of housing and urban rural development and relevant provincial governments.
Zhang Dawei, chief analyst of Zhongyuan Real estate, told the Securities Daily that interviewing cities where house prices rise too fast has become the most important means of real estate regulation in 2021. This reflects the strengthening of the supervision role of the Ministry of housing and urban rural development on the basis of “one city, one policy” in real estate regulation. The above five cities have become the interviewees because of the recent obvious rise in house prices, which represents that the real estate regulation policy will continue to be strict in the second half of the year.
Yan Yuejin, director of the think tank research center of Shanghai E-House Research Institute, told the Securities Daily that the city interviewed this time is a hot city in the real estate market recently. It can be seen that the current real estate market regulation has gradually paid attention to preventing the speculation risk of third and fourth tier cities on the basis of the control of the original first and second tier cities.
Ni Hong pointed out that all localities should implement the spirit of the teleconference held by the State Council on July 22 to accelerate the development of affordable rental housing and further improve the regulation of the real estate market, enhance the enthusiasm, initiative and creativity of their work, and ensure the completion of the objectives of stabilizing land prices, house prices and expectations. Specifically, first, we must accelerate the establishment and improvement of the linkage mechanism between house price and land price, optimize the rules of land bidding, limit house price, control land price and improve quality, and resolutely stabilize land price and house price; Second, we must accelerate the development of affordable rental housing and solve the housing difficulties of new citizens and young people; Third, we must take decisive measures to implement the two-way regulation of supply and demand, standardize the market order and promote the steady and healthy development of the real estate market. All provincial governments should strengthen supervision and guidance and urge cities to implement their main responsibilities.
Five cities said they would earnestly shoulder the main responsibilities of cities, strengthen market monitoring and supervision, and quickly take targeted measures to ensure the realization of the expected objectives of stabilizing land prices, house prices and housing prices.
The reporter of Securities Daily found that in addition to the above five cities, 13 cities such as Guangzhou, Hefei, Ningbo, Dongguan, Nantong, Shanghai, Shenzhen, Beijing, Hangzhou, Wuxi, Nanchang, Chengdu and Xi’an had been interviewed and supervised by the Ministry of housing and urban rural development earlier this year.
Zhang Bo, President of the branch of anjuke Real Estate Research Institute, told the Securities Daily that from the coverage of the cities interviewed at present, the third and fourth tier cities have been included in the real estate market regulation, which indicates that the “patch” of subsequent policy upgrading will be further strengthened to the third and fourth tier cities. Looking forward to the second half of the year, it is expected that the real estate market in hot cities may cool down again, especially the deterrent effect of the interview will directly affect the whole second half of the year. On the whole, the real estate regulation will take “controlling house prices” as the anchor point to strengthen and stabilize the real estate order, so as to ensure the standardized operation, stable and healthy development of the real estate market.
Reprint indicated source：Spark Global Limited information