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after guangzhou huadu enjoyed the "quasi-hukou" treatment for home buyers, another peripheral area of ​​guangzhou, nansha district, has also recently reported that "buying a house will allow you to settle down", and "lifting purchase restrictions" is also among the rumors. although the official has not yet publicly confirmed the authenticity of the above-mentioned real estate policy adjustments, real estate agents and sales office staff at the forefront of real estate sales said that the policy is already being implemented.

some people believe that if nansha does not have purchase restrictions and can provide a hukou for house purchase, it will attract residents from cities close to nansha, such as foshan, zhongshan, and zhuhai, to buy houses. this is because the budget for buying houses in these three cities can basically buy houses in guangzhou's nansha district, and nansha district has a higher planning level and is also a first-tier city. at the same time, the overall demand in the real estate market is relatively sluggish, and the expectation of falling house prices is very strong. the impact of canceling the purchase restriction policy on the property market is limited.

regarding the policy of “buying a house and getting a household registration for free”, some people believe that the value of a household registration is very important. for first- and second-tier cities, especially those with relatively rich educational resources, the policy of “buying a house and getting a household registration for free” is still very attractive, such as tianjin among second-tier cities and beijing and shanghai among first-tier cities.

policy confusion

recently, the relevant policy content of nansha district, which has not been officially confirmed but has been widely circulated, shows that the purchase restrictions on commercial housing in nansha district will be completely lifted, and nansha district will no longer be included in the restricted purchase area; secondly, people who buy commercial housing in nansha district can directly settle down in the city, and they are not allowed to move across districts within the city within 3 years; in addition, qualified talents who buy commercial and service properties of more than 50 square meters in nansha district can directly settle down in the city.

prior to this, like guangzhou liwan, yuexiu, tianhe, haizhu, baiyun (part of the town), nansha was a restricted purchase area, with a limit of 2 or 1 commercial residential property below 120 square meters, and 6 months of social security payment required before buying a house. if the above rumors are true, nansha district will have no threshold for buying a house.

china business news learned that the official has not yet made public the content of the policy adjustment of "canceling purchase restrictions" and "purchasing a property to obtain a permanent residence permit" in nansha, and a person from a real estate agency also said that they have not received any official "red-headed documents". however, in the first-tier real estate sales market, real estate agents and property sales staff said that the above policy has begun to be implemented.

a local real estate agent in nansha district told china business news that nansha has already started to lift purchase restrictions on september 14. as for the fact that the government has not yet made a public announcement, the real estate agent said that if you cannot buy a house because the "cancellation of purchase restrictions" policy is not true, you can return the house even if you have paid the down payment and deposit. another real estate agent said that they had received the news of "cancellation of purchase restrictions" internally, "i heard that the government will not issue a notice, and it is tacitly implemented."

regarding the content of "buying a house can get you a hukou", a salesperson at a property sales office said that the "cancellation of purchase restrictions" has been implemented, and the policy of "buying a house can get you a hukou" has yet to be implemented after the government's notification. a real estate agent also told china business news that buying a commercial residential property in nansha can indeed get you a hukou.

although the policy rumors have not yet received a positive official response, judging from the market conditions, the new home inventory in nansha district is indeed at a high level. in addition, after guangzhou lowered the down payment ratio on may 28, the new home transaction volume rose slightly in june and then entered a downward trend again.

according to statistics from the hefu research institute, the online signing area in nansha district in august was about 64,000 square meters. the overall market heat remained low. projects continued to sell through conventional marketing methods such as special price housing and second-hand linkage, and customers were in a wait-and-see mood. in addition, the current inventory pressure in nansha's real estate market is high, and the inventory digestion cycle exceeds 25 months. the market sales momentum is weak. except for individual projects, the average weekly transaction volume of most real estate projects is less than 3 units.

the “geometric center” of the greater bay area

what impact will “cancelling purchase restrictions” have on nansha’s property market?

a real estate practitioner in nansha district, guangzhou, also told china business news that if nansha is not subject to purchase restrictions and can provide household registration for house purchase, it will attract residents from cities close to nansha district, such as foshan, zhongshan, and zhuhai, to buy houses. "the budget for buying houses in these three cities can basically be used to buy houses in nansha, guangzhou. why not go to first-tier cities? although nansha is on the edge of guangzhou, the overall planning level is relatively high, and the possibility of realization is not small." the practitioner said. according to information from real estate agency platforms, in august this year, the average transaction price of second-hand houses in nansha district was around 15,000 yuan per square meter, and the price range of new houses was roughly around 15,000 to 30,000 yuan per square meter.

guangzhou zhongyuan research and development department believes that starting from may 28 this year, the down payment ratios for the first and second homes have been reduced to 15% and 25% respectively. nansha's housing purchase policy has been relatively relaxed, so this time it has been completely relaxed. the main stimulus target is investors from various provinces and cities in the mainland and hong kong, macao and taiwan. for nansha's potential local employment needs and improvement buyers, the impact is limited.

guangzhou centaline research and development department believes that nansha is a strategic planning highland for guangzhou and even the cities in the greater bay area. the main target of this loosening of purchase restrictions is non-local registered investors, especially the loosening of purchase restrictions for products below 120 square meters. the capital threshold for investing in nansha real estate is further lowered, which is expected to help nansha absorb more investment-type real estate demand. coinciding with the traditional peak season of the property market, the mid-autumn festival and national day, this also reflects the government's determination, sustainability and long-term effectiveness in stimulating the property market.

li yujia, a researcher at the guangdong housing policy research center, believes that compared with other districts in guangzhou, the special thing about guangzhou's nansha district is that nansha is the geometric center of the greater bay area, attracting investors and entrepreneurs from the entire greater bay area as well as foreign investors. at the same time, nansha also needs to raise funds by selling a large amount of land and houses to promote infrastructure construction and accommodate large investment projects.

"in the past, nansha's real estate development was relatively fast, making great contributions to the local infrastructure and major investment projects. however, in order to achieve the important development of nansha based in the bay area, coordinating with hong kong and macao, and facing the world, there is still a large amount of transportation infrastructure and major projects to be implemented, which need to be funded by real estate."

li yujia believes that nansha’s purchase restriction policy was relatively strict in the past, fearing that real estate speculation would be too strong and affect regional functions and industrial landing. in the past two years, real estate has declined rapidly. now nansha is facing the problem of the real estate industry declining too fast, which has affected the regional fiscal capacity and infrastructure investment. therefore, the task of stabilizing the real estate market is very heavy. moreover, there is almost no investment demand in the real estate industry now, and nansha needs to attract entrepreneurs in the bay area. this should be the reason why nansha has completely cancelled the purchase restriction policy in the property market.

the appeal of “buying a house and settling down”

it is worth mentioning that before the news of “buying a house will allow you to settle down” in nansha district, guangzhou’s huadu district had already started offering “quasi-hukou” treatment to those who bought a house, becoming the first case of “buying a house and getting a hukou” in a first-tier city in this round of real estate cycle.

in august this year, the housing and urban-rural development bureau of huadu district, guangzhou city, publicly announced that people who are not registered in guangzhou can receive a huadu "hua card" when purchasing newly built commercial housing in huadu district, and enjoy the district's policy-based preferential admission benefits with the huadu "hua card" and the purchase contract.

according to incomplete statistics from china business news, this year, nanjing, suzhou, foshan, wuhan and other cities have issued new regulations on settling in by buying a house. nanjing has made it clear that non-nanjing residents who have a legal and stable residence and actually live in nanjing can directly apply for settlement; suzhou, foshan, hefei and other places have implemented the "apply for settlement by buying a house" policy, and allow spouses, minor children and others to move with them; wuhan said that if you cannot directly apply for settlement because the house has not been delivered, you can apply for settlement in advance with the "commodity housing sales contract" and payment receipts; and in shenyang, the capital of liaoning, you can settle in by renting a house.

in fact, the earlier "buy a house and get a hukou" policy was in 1999, more than 20 years ago. in order to reduce the backlog of commercial housing, guangzhou city gave away blue-printed hukou books when buying a house. those with a blue-printed hukou can enjoy the same benefits as guangzhou hukou, similar to today's "talent green card". after reaching a certain threshold, they can be converted to formal guangzhou hukou. in addition to guangzhou, the first-tier cities of shenzhen and shanghai also implemented the "buy a house and get a hukou" policy in the late 1990s. it was not until the beginning of this century that the "buy a house and get a hukou" policy was cancelled as the urban population grew rapidly and the inventory of commercial housing declined. it can be said that the same logic as many years ago, the introduction of "buy a house and get a hukou" in many cities now can also alleviate the pressure on commercial housing inventory to a certain extent.

fewer restrictions on settlement is also a trend. the five-year action plan for deeply implementing the people-oriented new urbanization strategy issued by the state council at the end of july this year mentioned that "the requirements for canceling settlement restrictions in cities with a permanent urban population of less than 3 million will be fully implemented, and settlement conditions in cities with a permanent urban population of 3 million to 5 million will be fully relaxed. the point-based settlement policy for megacities with a permanent urban population of more than 5 million will be improved, and the cancellation of annual settlement quota restrictions will be encouraged." in addition, it also emphasized that the right of migrant children to receive education in the inflow area must be guaranteed.

li yujia, a researcher at the guangdong housing policy research center, believes that buying a house to settle down will be a common phenomenon in the future, and even renting a house or having a stable residence can also be used to obtain a household registration. li yujia also mentioned that residents who want to buy a house to settle down should pay attention to the value of the household registration, such as whether there is a high-quality school degree, and also look at the market's expectations for housing prices in the area, and whether there are large-scale physical enterprises in the area that can provide large-scale jobs.

zhang dawei, chief analyst of centaline property, said in an article that from a national perspective, the era of buying a house and getting a hukou more than a decade ago has returned. for first- and second-tier cities, especially those with relatively rich educational resources, the attraction of "buying a house and getting a hukou" is still very strong, such as tianjin among second-tier cities and beijing and shanghai among first-tier cities.