On July 28, Wuhan Housing Authority issued an announcement to solicit opinions on strengthening the management of house purchase qualification. The draft stipulates that buyers must first pass the house purchase qualification examination, which is valid for 60 days. The same qualification can only participate in the subscription of one building at a time. After the subscription registration, the qualification is locked. After the project is opened, they can continue to choose other buildings.
This news has aroused widespread concern in the market and is interpreted as Wuhan’s pioneering “room ticket system” and “only when you receive a” room ticket “can you be qualified to buy a house”.
In fact, the 21st Century Business Herald found that since January 1, 2020, Wuhan commercial housing sales have begun to implement the purchase qualification review management. Prospective buyers can apply for the review information with number, QR code and other information, namely “house ticket”, through the official website of Wuhan Housing Administration Bureau. Developers can accept the intention registration of buyers with “house ticket”; In addition, the centralized opening sales policy implemented for seven buildings in Wuhan Optical Valley on May 29, 2021 has required that “only one building can be registered for one room ticket”.
Many analysts interviewed said that strengthening the purchase qualification management in Wuhan is neither a new policy nor a “powerful medicine”, but a refined purchase restriction measure, which comes from the experience of Optics Valley’s centralized opening policy in the early stage, and is designed to curb new house speculation.
Previously, Shenzhen, Chengdu, Shanghai and Hangzhou have adopted similar lottery policies, requiring buyers to register only one project at a time. The purpose is to rectify the chaos of commercial housing sales such as false subscription, long subscription and unqualified subscription, so as to curb the false prosperity of the market and the resulting irrational house purchase.
“The validity period of the room ticket is 60 days, which is not that you can’t continue to apply. You can update the validity period by rewriting and submitting the application.” Zhang Dawei, chief analyst of Zhongyuan Real estate, pointed out that in the final analysis, Wuhan’s policy is to patch the purchase restriction, with little strength and little impact. The purchase restriction itself is a house ticket.
Li Yujia, chief researcher of Guangdong housing policy research center, added that according to the recent deployment of the management and the Ministry of housing and urban rural development, the focus of real estate regulation will turn to the rectification of market order in the future. Wuhan’s room ticket management and related supporting systems for new house market sales are also an important embodiment of the long-term mechanism of market order management.
Wuhan map / visual China
The front and rear ends inhibit speculation
Combing this opinion draft in Wuhan, it can be found that, in addition to requiring the same purchase qualification to subscribe for only one real estate at the same time, the opinion draft also emphasizes that real estate enterprises should strictly publicize the final purchase registration list and publicize it to the society through the sales site, network and other channels. The publicity time should not be less than 24 hours, and the publicity time of the registration list of priority house selection for families without houses should not be less than 48 hours.
It is worth noting that not only new houses, the draft also restricts the signing of second-hand houses, and real estate agents shall not provide online signing services to buyers who have not obtained the purchase qualification.
The draft also clearly investigated and dealt with violations of laws and regulations. Once the second-hand housing enterprises are admitted to the “blacklist” of the housing industry, they will be recorded in the “illegal housing sales agency” once they are not qualified to buy the house or the “illegal housing sales agency”. Buyers who defraud the purchase qualification will also face punishment. They will not only cancel their family’s purchase qualification, but also be included in the blacklist of dishonest persons in housing transactions, and their family purchase qualification application will not be accepted within one year.
According to Li Yujia’s analysis, Wuhan’s move has tightened the management of the market from the front and back ends, effectively screened the qualification at the front end, and put an end to the irrational demand caused by “false room ticket” and “long registration” and the disturbance to the real supply and demand information of the market; The back-end severely punishes violations, which helps to standardize the market.
“The introduction of this opinion draft in Wuhan, combined with pre-sale management and centralized opening, can standardize the sales order, avoid enterprises from using information asymmetry to carry out ‘hunger marketing’, artificially create a tense atmosphere, bid up house prices, mislead buyers, and affect the expectation and stable development of the real estate market.” Peng Hongwei, a senior analyst at the China Index Research Institute in Wuhan, said.
Recently, the real estate policy has been constantly, and the central government reiterated that “real estate is not fried”, requiring local governments to pay close attention to real estate regulation and promote the real estate linkage mechanism; On July 23, the Ministry of housing and urban rural development and other eight departments issued the notice on continuously rectifying and standardizing the order of the real estate market; Shanghai has strengthened the management of housing gifts, Shaoxing has established a reference price release mechanism for second-hand housing transactions, and Hangzhou has carried out special real estate inspection, all of which are practicing the long-term mechanism of real estate regulation.
Peng Hongwei further stressed that Wuhan’s first response to the notice of the eight departments on continuously rectifying and standardizing the order of the real estate market is conducive to curbing investment speculation, protecting the interests of owner occupied families and people who just need to buy a house, and making the market return to rationality.