The real estate market is ushering in a new round of regulation. On August 10, Yiwu issued the notice on Further Strengthening the regulation of the real estate market, which continued to increase the regulation measures of the real estate market from nine aspects: optimizing the land supply, formulating the joint examination and filing system of house price and land price, and implementing the “notarial lottery”. According to incomplete statistics by the reporter of Securities Daily, since July, 16 cities across the country have issued new policies for the real estate market.
In an interview with the Securities Daily, the executive vice president of Zhejiang branch of China Index Research Institute said that Yiwu, as a representative top 100 County in China, the upgrading of real estate market regulation policies may indicate that other top 100 counties and cities may also follow up the upgrading of regulation policies.
In fact, from the dynamic of the property market in the second half of the year, the policy will undoubtedly put a layer after layer of “tight hoop curse” on the real estate market.
On July 23, the Ministry of housing and urban rural development and other eight departments jointly issued the notice on continuously rectifying and standardizing the order of the real estate market; Subsequently, the Ministry of housing and urban rural development interviewed Yinchuan, Xuzhou, Jinhua, Quanzhou and Huizhou on July 29; On July 30, the meeting of the Political Bureau of the CPC Central Committee reiterated the positioning of “housing without speculation”.
From the local level, the reference price mechanism for second-hand housing transactions, the improvement of the linkage mechanism between house prices and land prices, and the overweight of a series of policy contents such as “plugging loopholes” and “patching” undoubtedly have significantly improved the mode, strength and refinement of this round of real estate market regulation.
The reporter noted that only in the five cities interviewed by the Ministry of housing and urban rural development on July 29, two cities have given feedback on policy. On August 2, Jinhua issued the notice on further promoting the stable and healthy development of the city’s real estate market, which clearly put forward measures such as optimizing land supply, implementing residential sales restrictions and launching pilot release of reference prices for second-hand housing transactions in hot areas; On August 9, Huizhou issued the notice on further promoting the steady and healthy development of the city’s real estate market, which promoted the steady and healthy development of the real estate market from eight aspects: improving the linkage mechanism between house prices and land prices, optimizing land auction rules, and strengthening the pre-sale and price filing management of new commercial housing.
Yan Yuejin, director of the think tank research center of E-House Research Institute, said in an interview with the Securities Daily that the granularity of the current real estate market regulation policy is getting finer and finer, which fully reflects the continuous improvement of the accuracy of regulation and the continuous expansion of coverage. At present, the upgraded regulatory policies of all localities are highly targeted, play a deterrent effect and play a very good guiding role.
From the policy content introduced in the second half of the year, many places continued to make efforts in land market control. For example, Huizhou proposed to optimize the rules of land auction, implement the transfer methods of “limited house price, limited land price, competitive construction and competitive quality”, reasonably determine the sales price limit of houses on the transferred plots, and further stabilize the land price, house price and expectation; Yiwu proposed to further optimize land supply, expand land supply in hot areas, increase effective market supply, optimize the supply structure of residential land, and increase the proportion of medium and low price residential land; Quzhou stressed the need to strengthen the supply and reserve of residential land, optimize the rhythm of land supply and expand the land supply in hot spots in combination with the de chemical cycle and inventory of various products of commercial housing.
“One of the core of property market regulation is to increase the supply of land market.” Yan Yuejin said that in the future, all localities are expected to continue to improve and innovate relevant regulatory policies in terms of increased land supply, adjustment of land auction mechanism, control of land acquisition funds of real estate enterprises and restrictions on land acquisition qualifications of real estate enterprises.
Reprint indicated source：Spark Global Limited information