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hualong.com (chief reporter dong jin) on september 1, chongqing's real estate market once again ushered in a major adjustment. reporters learned that the chongqing municipal housing and urban-rural construction committee issued the "notice on adjusting and optimizing real estate transaction policies" (hereinafter referred to as the "notice"), launching a number of new real estate policies, including adjusting the re-transaction management of newly purchased housing, further optimizing housing credit policies, and supporting housing "old for new".

change 1: adjust the sales restriction management, and change "newly built commercial housing that is sold as ready-to-move in is not included in the sales restriction" to "neither newly purchased new commercial housing nor second-hand housing is included in the sales restriction."

policy text: adjust the re-trading management of newly purchased housing. from september 1, 2024, all newly purchased commercial housing and second-hand housing in the central urban area of ​​chongqing (based on the online signing and filing time) can be listed for trading after obtaining the "real estate certificate".

interpretation:this is another relaxation of chongqing’s real estate “two-year sales restriction” policy.

on september 1 last year, chongqing adjusted the requirement for newly purchased housing in the central urban area from "must wait for 2 years after obtaining the real estate certificate before it can be listed for trading" to "must wait for 2 years after obtaining the house purchase and sale contract registration certificate and the real estate certificate before it can be listed for trading."

on may 20 this year, the policy was further adjusted. newly built commercial housing that is sold as completed houses can be listed for trading after completing the online contract filing and obtaining the real estate certificate.

this adjustment further expands the scope of unrestricted sales. not only all newly built commercial housing can enjoy this policy, but second-hand housing is also included.

however, the housing that has been included in the sales restriction scope before the issuance of this notice will still be implemented according to the original policy. that is, commercial housing and second-hand housing purchased before september 1, 2023 can be listed for trading after two years of obtaining the real estate certificate. commercial housing and second-hand housing purchased from september 1, 2023 to august 31, 2024 can be listed for trading after the sales contract has been filed for two years and the real estate certificate has been obtained; among them, commercial housing purchased after may 20, 2024 can be listed for trading after obtaining the real estate certificate.

examples:if mr. zhang purchased a house (commercial housing or second-hand housing) in a district in the central urban area on september 20, 2024 (after the date of issuance of this notice) and completed the filing of the commercial housing sales contract, the house will no longer be included in the sales restriction scope and can be listed for trading after obtaining the real estate certificate.

change 2: the number of housing units will no longer distinguish between central urban areas and non-central urban areas.

original policy text: when a resident household (including the borrower, spouse and minor children) applies for a commercial personal housing loan to purchase commercial housing in chongqing, only the housing situation of family members in the district or county (autonomous county, hereinafter referred to as the district or county) where the proposed housing is located will be verified. if a family member has no housing in the district or county where the proposed housing is located, it will be recognized as the first house.

interpretation:in september last year, chongqing optimized the standards for determining the number of personal housing units. when a resident household (including the borrower, spouse and minor children) applies for a loan to purchase commercial housing, if the family members do not own a complete house in the local area, banking financial institutions will implement the housing credit policy based on the first home, regardless of whether they have used the loan to purchase a house.

however, the policy at that time regarded the nine administrative districts of the central urban area as a whole. if a resident household already had a house in any district of the central urban area, then if they bought another house in the central urban area, it would not be recognized as the first house.

after this policy adjustment, only the housing situation of the family in the district or county where the intended house is located will be verified. this means that if a resident family has a house in jiangbei district but not in yuzhong district, they can also enjoy the first home policy when purchasing a house in yuzhong district.

examples:mr. wang's family owns a house in a certain district (county) in chongqing. due to the need to balance work and residence, they now plan to purchase a new commercial house in another district (county) (the family has no house). therefore, they can enjoy the first home loan policy when applying for a commercial personal housing loan.

change three: the scope of "rental housing may not be included in the calculation of housing units" has been expanded from the central urban area to the entire city, with no limit on the number of units.

policy text: if residents use their own existing housing stock in chongqing as rental housing and obtain a rental contract registration certificate, the housing that has been rented out when purchasing housing in chongqing will not be included in the calculation of the number of family housing units. support commercial banks to issue commercial personal housing loans based on the number of recognized housing units and increase profit sharing.

interpretation:in may this year, chongqing optimized the number of housing units. residents in the central urban area of ​​chongqing who use their own existing housing for rental housing and obtain a rental contract registration certificate can be excluded from the calculation of the number of housing units for their families; in principle, only one unit is reduced for each family.

after this policy optimization, the scope of support will be expanded from "central urban area" to "the entire city", and the reduction will be adjusted from one unit per family to one according to the actual number of rental units.

the leasing contract filing certificate should be applied for and issued by the housing construction department where the house is located. for the identification of the number of housing units, the central urban area should apply to the real estate transaction management department where the house is located for review and identification, and the districts and counties outside the central urban area should apply to the housing construction department where the house is located for review and identification. commercial banks can apply for commercial personal housing loans with the housing unit identification certificate and enjoy relevant preferential policies. this policy does not apply to housing provident fund loans, tax-related unit identification and housing stock loan interest rate adjustments.

examples:mr. wang's family owns one house in each of two districts (counties) in chongqing, both of which are used as rental housing and have obtained a rental contract registration certificate. if he buys a house in chongqing again and applies for a commercial personal housing loan, he can enjoy the first home loan policy.

change 4: increase the subsidy for "trading old for new", from "0.5% of the total amount" to "no less than 0.5% of the total house price".

policy text: for those who have sold their own houses in chongqing since september 1, 2023, and purchased new commercial housing in the central urban area from september 1 to december 31, 2024 (based on the online signing and filing time) and completed the deed tax payment, the central urban district governments (management committees) will provide subsidies of no less than 0.5% of the total house price for each newly purchased house based on their own actual conditions. district governments (management committees) are encouraged to increase subsidies.

interpretation:in order to support the "old for new" housing policy, chongqing began to provide housing subsidies for the "old for new" policy in may this year, proposing that the district government (management committee) where the house is located should provide a subsidy of 0.5% of the total purchase price of the newly purchased commercial housing. the housing subsidy will be paid in one lump sum in the form of cash or consumer vouchers.

this policy optimization and adjustment is no less than "a subsidy of 0.5% of the total housing price", and encourages district governments to increase subsidies. at present, the district governments (management committees) in the central urban area are working hard to clarify the subsidy standards and formulate implementation rules. the specific subsidy standards and application procedures are subject to the announcement of the district governments (management committees). housing purchase subsidy consultation telephone numbers of district governments (management committees) in the central urban area are: yuzhong district 023-63848127, dadukou district 023-68950770, jiangbei district 15213228550, shapingba district 023-65155617, jiulongpo district 023-68036877, nan'an district 023-62988256, beibei district 023-68861753, yubei district 023-67808408, banan district 023-66232970, liangjiang new area 023-63084029, 023-67007587 (bonded port area), and high-tech zone 023-68820138.

examples:if mr. wang sold a house he owned in chongqing (central urban area or remote suburban counties) on october 1, 2023, and purchased a newly built commercial house in the central urban area on september 20, 2024 and completed the payment of deed tax, mr. wang can enjoy a subsidy of no less than 0.5% of the total price of the newly purchased house from the district government (management committee) where the house is located (the specific standards shall be subject to the announcement of each district government (management committee)).