Dongguan re launched heavy property market regulation policies. In the early morning of August 2, Dongguan Municipal Bureau of housing and urban rural development issued the notice on further improving the regulation and control of the real estate market (hereinafter referred to as “Dongguan eight articles”), from eight aspects: stabilizing land price control, strengthening purchase restriction, standardizing finance, tax regulation, guiding price of second-hand housing, subscription and sales management, standardizing market order and improving the security system, Multi point efforts to stabilize the property market expectations.
From the perspective of the “eight articles of Dongguan”, Dongguan’s property market regulation continues to be more strict and detailed, comprehensively fill the “loopholes” and almost fully follow up Shenzhen’s property market regulation policies. In particular, the guidance price of second-hand houses and integral house purchase will further cool down the property market in Dongguan from the perspective of the regulation effect of the property market in Shenzhen.
Figure / figure bug
The sales restriction period of hot real estate was extended from 3 years to 5 years
To stabilize house prices, we must first stabilize the transfer price of residential land“ The “guanba article” proposes to implement a new land transfer mode dominated by “limiting house prices, controlling land prices and improving quality”, study more flexible combination modes in combination with competitive affordable housing, and strengthen the linkage mechanism of house prices and land prices.
In addition, non real estate development enterprises shall not participate in the bidding of residential land (including commercial and residential land). If the enterprise consortium participates in the bidding, the investment proportion of real estate development enterprises shall not be less than 50%.
In terms of house purchase qualification, if a new resident family purchases the first set of newly-built commercial housing in Dongguan, it shall be recognized according to the principle of the earlier of the following circumstances: 1. It has settled in the city for half a year and has paid social security for half a year month continuously within 2 years before the date of house purchase; 2. Continuously pay social security monthly for 1 year within 2 years before the date of purchase.
“Article 8 of guanxi” proposes that if the buyer fraudulently obtains the social security certificate to buy commercial housing, once verified, his contract record shall be revoked, and if the real estate registration has been handled, it shall be corrected and revoked according to the regulations. It is prohibited to buy commercial housing in Dongguan within 5 years from the date of cancellation of contract filing or correction of cancellation of real estate registration.
Another big policy is tax changes“ Article 8 of the State Council proposes that for the houses that are transferred (subject to the time of online signing) from the date of issuance of this notice, the tax exemption period of value-added tax on individual housing transfer shall be adjusted from 2 years to 5 years. Specifically: if an individual sells a house purchased for less than 5 years, he shall pay the value-added tax in full at the collection rate of 5%; Individuals who will purchase houses for more than 5 years (including 5 years) for external sales shall be exempted from value-added tax.
In addition, Dongguan will also test the release mechanism of the transaction guidance price of second-hand houses. On the basis of the normalized release of second-hand real estate online signing transaction prices, accelerate the establishment of the release mechanism of second-hand housing transaction guidance prices, further strengthen the disclosure of second-hand housing transaction information, guide the market rational transactions, guide commercial banks to reasonably issue second-hand housing loans, and prevent and control individual housing credit risks.
Reprint indicated source：Spark Global Limited information