news

한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina

daily economic news, september 30, beijing municipal housing and urban-rural development commission, beijing municipal finance bureau, beijing branch of the people's bank of china, beijing supervision bureau of the state financial supervision and administration, beijing municipal taxation bureau of the state administration of taxation, and beijing housing provident fund management center the "notice on further optimizing and adjusting the city's real estate related policies" was released.

the notice stated that in order to implement the decisions and arrangements of the party central committee and the state council, better meet residents’ rigid housing needs and diversified improvement housing needs, promote the stable and healthy development of the real estate market, and promote the construction of a new real estate development model, with the approval of the municipal government, the relevant the notice of matters is as follows:

1. implement the national policy on lowering existing mortgage interest rates and guide commercial banks to steadily and orderly reduce existing mortgage interest rates to near the new loan interest rates.

2. when households purchase their first commercial housing, the minimum down payment ratio for commercial personal housing loans will be adjusted to no less than 15%. when purchasing a second commercial house, the minimum down payment ratio for commercial personal housing loans is adjusted to no less than 20%.

3. for non-local residents who purchase commercial housing within the fifth ring road, the number of years for paying social insurance or personal income tax will be adjusted to three consecutive years or more before the date of purchase; for those purchasing commercial housing outside the fifth ring road, the number of years for paying social insurance or personal income tax will be adjusted to three consecutive years or more before the date of purchase. the number of years for personal income tax is adjusted to 2 consecutive years or more before the date of purchase.

for high-level and urgently needed talents who meet the needs of this city's economic and social development and purchase commercial housing in this city, the number of years for paying social insurance or personal income tax will be adjusted to one year or more of continuous payment before the date of purchase.

4. residential households purchasing commercial housing in tongzhou district shall follow the city’s unified policies.

5. if an adult single with a household registration in this city lives together with a minor child, the housing purchase restriction policy will be implemented as a household registered in this city.

6. for households with two or more children registered in this city to purchase commercial housing and apply for provident fund personal housing loans, the loan limit will be increased by 400,000 yuan.

7. in accordance with national work arrangements, timely cancel the standards for ordinary housing and non-ordinary housing.

8. accelerate the construction of a new model of real estate development. improve the "market + guarantee" housing supply system, promptly introduce measures to support the construction of "good houses", accelerate the transformation of urban villages, use the role of the "white list" to meet the reasonable financing needs of real estate companies, continue to prevent and resolve real estate risks, and stabilize market expectations .

this notice will be effective from october 1, 2024. if the original policy is inconsistent with this notice, this notice shall prevail.

so far, the four first-tier cities of "beijing, shanghai, guangzhou and shenzhen" have all adjusted their property market policies.

guangzhou lifts purchase restrictions across the city

on september 29, the general office of the guangzhou municipal people's government issued a notice on adjusting measures for the stable and healthy development of the real estate market. the notice clarified that various purchase restriction policies for residential households to purchase housing in this city will be cancelled, and the notice will be officially implemented from september 30, 2024. after this adjustment to the purchase restriction policy, households with household registration, non-household registration, and single persons purchasing housing within the city will no longer be subject to review of home purchase qualifications, and there will no longer be restrictions on the number of housing units purchased.

picture source: photo by zhang jian, reporter

shenzhen adjusts down payment ratio

on september 29, according to the shenzhen municipal housing and construction bureau, in order to thoroughly implement the decisions and arrangements of the party central committee and the state council, accelerate the construction of a new model of real estate development, better meet residents’ rigid housing needs and diversified improvement housing needs, and promote the stability of the real estate market to achieve healthy development, with the consent of the municipal government, we are hereby notified of further optimization of our city’s real estate policies as follows:

the minimum down payment ratio for commercial personal housing loans for first homes is adjusted to 15%, and the minimum down payment ratio for commercial personal housing loans for second homes is adjusted to 20%.house-purchasing households and adult singles who already have a house under their name have no mortgage registration or only one mortgage registration (including mortgage contract filing information). for newly purchased houses, second home loans can be applied when handling personal housing loans. policy. residential families with two or more minor children who purchase a second home can apply the first home loan policy when handling personal housing loan business. the minimum down payment ratio for commercial personal housing loans for first and second homes in the shenzhen-shantou special cooperation zone will be adjusted to 15%, and the lower limit on interest rates will be cancelled.the value-added tax exemption period for personal housing transfers will be adjusted from 5 years to 2 years.

shanghai adjusts purchase restrictions and lowers down payment ratio

according to securities times e company news, shanghai has once again implemented comprehensive policies to optimize and adjust real estate market policies to respond to market housing demand.

on the evening of september 29, the shanghai municipal housing and urban-rural development management committee, the municipal housing administration bureau, the municipal planning resources bureau, and the municipal taxation bureau jointly issued the "notice on further optimizing policies and measures for the city's real estate market" (hereinafter referred to as " notice"), proposing seven policy measures including adjusting housing purchase restriction policies, optimizing housing credit, and adjusting housing taxes. the "notice" will come into effect on october 1, 2024.

picture source: photo by mijing reporter kong zesi

in terms of adjusting housing purchase restrictions, the "notice" clearly states:

first, for families who are not registered residents of this city and single people who purchase housing outside the outer ring road,the number of years required to pay social insurance or personal income tax when purchasing a house is adjusted to one year or more of continuous payment before the date of purchase.

second, for those who hold the "shanghai residence permit" and whose points reach the standard points,families that are not residents registered in this city and have paid social insurance or personal income tax in this city for three years or more will enjoy the same treatment as shanghai-registered families in purchasing housing units.

third, a more differentiated house purchase policy will be implemented in the lingang new area of ​​the free trade zone. for groups who work in lingang and have job-housing separation, on the basis of the existing housing purchase restriction policy, they can purchase an additional 1 house in the new area. provide housing and promote work-housing balance.

in terms of optimizing housing credit, the "notice" proposes:

first, implement the national policy on lowering existing mortgage interest rates, guide commercial banks to steadily and orderly reduce existing mortgage interest rates to near the new loan interest rates, and further reduce the mortgage interest expenses of home buyers.

second,the minimum down payment ratio for commercial personal housing loans for first homes is adjusted to no less than 15%. the minimum down payment ratio for commercial personal housing loans for second homes is adjusted to no less than 25%; the minimum down payment ratio for second home loans in areas with differentiated policies is adjusted to no less than 20%.the minimum down payment ratio for housing provident fund second home loans will be adjusted accordingly.

in terms of adjusting housing taxes, the "notice" proposes:

first, adjust the value-added tax collection and exemption period from 5 years to 2 years.

second, in accordance with national work arrangements, ordinary housing standards and non-ordinary housing standards should be canceled in a timely manner to better meet the demand for improved housing.

original title: late night bombshell! beijing officials announced a new policy for house purchase, which will be implemented starting tomorrow! "beijing, shanghai, guangzhou and shenzhen" are all taking action

editor: rao zhimei editor: zhou shangdou reviewer: feng fei