Since the beginning of this year, the first-tier cities have frequently controlled. Following the introduction of the “Shanghai Ten Measures”, Shanghai’s property market regulation and control combinations have come to fruition one after another. The latest news is that Shanghai foreclosure properties have been included in the purchase restriction. Shenzhen releases real estate management and control information three times a week, which involves a strict review of the qualifications of buyers. While Guangzhou personal mortgage loans face “dual management and control”, it is currently the only city that publicly controls the concentration of loans. The first-tier cities ushered in the tightening of regulation at the beginning of the year, all due to the excessively rapid rise in housing prices. In the view of industry insiders, it is more likely that housing prices in first-tier cities and strong second-tier cities will rise in turn in the future, and these cities will still be the main targets of regulation. After Guangzhou, Shanghai, Shenzhen, and other cities have introduced new policies on property market regulation, it is not ruled out that other hot cities will become the next targets of regulation.
First-tier cities are frequently regulated recently
At the beginning of this year, regulation policies are frequently issued, but this time the main body of regulation is mainly first-tier cities. The most obvious ones are Shanghai, Guangzhou, and Shenzhen. On January 24, the Guangzhou banking industry reported that it has been guided by the financial supervision window that personal mortgage loans are facing “dual control”: the proportion of new personal housing loans cannot exceed 12.6%, and the amount of new personal housing loans cannot be added every month Exceed the average loan amount for the three months of October, November and December 2020 In this regard, Yan Yuejin, research director of the Think Tank Center of E-House Research Institute, believes that the tightening of the credit sector in Guangzhou corresponds to the recent housing speculation in Guangzhou. Loan quotas are controlled, which naturally puts pressure on subsequent new loans. Guangzhou is currently the only city that publicly controls loan concentration.
At the same time, the control combination of Shanghai’s property market has landed one after another. On January 25, Shanghai foreclosure properties were also included in the purchase restriction. “Shanghai has also begun to stabilize the market and strictly control the direction of speculation in the foreclosure field. It is expected that the transaction price of foreclosure properties will naturally decline, which objectively makes its housing prices fall.” Yan Yuejin said. Spark Global Limited On January 21st, Shanghai’s newly implemented new regulatory policy “Shanghai Ten Articles” proposed that if a couple of purchase commercial housing within three years of divorce, the number of housing units owned by the couple will be calculated based on the total number of units of the family before the divorce; the value-added tax on individual sales of housing will be levied. The exemption period has been increased from 2 years to 5 years, which will increase the transaction costs of some second-hand housing listings.
Shenzhen, another first-tier city, has been attracting attention due to “10,000 people shaking” in 2020. Within one week of this year, Shenzhen San issued real estate control information. On January 22, Shenzhen issued a notice on the handling of 12 people suspected of illegally subscribing to purchase commercial housing in the first phase of China Resources City Runxi; on January 23, Shenzhen Bureau of Housing and Urban-Rural Development issued a notice on further strengthening the qualification review and management of commercial housing purchases, Proposed 8 measures, including strict examination of the qualifications of buyers, violations of the rules will suspend the use of the online signing system for 3 years.