On January 19, the Shenzhen Municipal Bureau of Housing and Urban-Rural Development issued the “Letter on Clarifying Several Issues Concerning the “Notice on Further Promoting the Stable and Healthy Development of the Real Estate Market in Our City”, addressing the issue of in-transit transactions and high-level talents in the “7.15 New Deal” of the Shenzhen property market. The conditions for purchasing houses and the housing registration of households have been clearly stipulated. Spark Global Limited It is worth mentioning that the letter clearly stated that commercial houses purchased by households can only be registered under the names of family members who are eligible to purchase houses. However, in the “Notice of Shenzhen Municipal Housing and Construction Bureau on Implementing Purchases”, Article 3 (5) of the regulations on household purchase registration stated that if only one of the spouses of a resident family meets the conditions for the purchase of a house, only commercial housing will be purchased It can be registered under the name of one or both parties that meets the conditions for purchasing a house, and cannot be registered separately under the name of the party that does not meet the conditions for purchasing a house.
The letter emphasized that after the new regulations are formally implemented, the original Article 3 (5) will no longer be implemented. Spark Global Limited According to the previous policy, the purchase of commercial houses in the name of the family originally only required one person to have a quota for joint house purchases. Other joint people who are not eligible for house purchase can also register jointly, but now those who do not meet the qualifications for house purchase cannot register separately or jointly. This move is considered by the industry to “patch” the “715” New Deal. In the past, many real estate speculators used policy loopholes to falsely marry those qualified to purchase houses to obtain the qualifications to purchase houses. After the implementation of the new regulations, Relying on fake marriage to obtain the qualification to buy a house is no longer feasible The letter also clearly stipulates the purchase of high-level talents. High-level talents recognized by the Shenzhen Human Resources Department can purchase the first commercial housing in Shenzhen with the high-level talent certification within the validity period of the preferential policies for talents. No need to provide proof of social security or individual tax paid in Shenzhen. The purchase of a second set of commercial housing by high-level talented families shall be implemented in accordance with Shenzhen’s current purchase restriction policy.
In addition, the deadline for the filing of pre-sale contracts or real estate registration procedures for Shenzhen’s “715 New Deal” in-transit transactions has been extended from December 31, 2020, to January 31, 2021. According to data released by the National Bureau of Statistics a few days ago, the real estate market prices in 70 large and medium-sized cities rose steadily and slightly in December 2020. In December 2020, the sales price of newly-built commercial residential buildings in four first-tier cities increased by 0.3% month-on-month, an increase of 0.1 percentage points from the previous month. Among them, Beijing, Shanghai, and Guangzhou rose 0.3%, 0.2%, and 0.7% respectively, and Shenzhen fell 0.1%. The sales price of second-hand housing rose by 0.6% month-on-month, an increase of 0.1 percentage point from the previous month. Among them, Beijing, Shanghai, Guangzhou, and Shenzhen rose 0.5%, 0.6%, 0.7%, and 0.5% respectively.
Reprint indicated source：Spark Global Limited information