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during the national day holiday, favorable policies for the real estate market are still coming out frequently, except for beijing’s major announcement on adjusting real estate policies on the evening of september 30. in recent days, real estate support policies have been introduced one after another in various places. some institutions said that it is expected that the overall transaction volume will stop falling and stabilize in october.

beijing takes multiple measures to support residents’ diverse housing needs

on september 30, six departments including the municipal housing and urban-rural development commission, the municipal finance bureau, the beijing branch of the people's bank of china, the beijing supervision bureau of the state administration of financial supervision, the beijing municipal taxation bureau of the state administration of taxation, and the beijing housing provident fund management center jointly issued the "about further notice on optimizing and adjusting real estate related policies in this city" (hereinafter referred to as the "notice"), implements lowering existing mortgage interest rates, lowering the minimum down payment ratio of personal housing loans, increasing housing provident fund loan support, reducing social security or social security for non-beijing households purchasing houses. policies and measures include the personal tax payment period, adjustments to tongzhou district’s housing purchase restriction policy, cancellation of standards for ordinary and non-ordinary housing, and accelerating the construction of a new model of real estate development. the "notice" will come into effect on october 1, 2024.

the "notice" proposes to increase credit policy support. the first is to lower existing mortgage interest rates. guide commercial banks to steadily and orderly reduce existing mortgage interest rates to close to new loan interest rates, effectively reducing the mortgage interest burden of home buyers. the second is to reduce the down payment ratio of mortgage loans. the minimum down payment ratio for commercial personal housing loans for first-home loans will be lowered from no less than 20% to no less than 15%, and for second-home loans from no less than 35% (for purchasing housing within the fifth ring road) to no less than 30% ( purchase of housing outside the fifth ring road) will be uniformly reduced to no less than 20%. the third is to better utilize the role of housing provident fund loans. for beijing-based families with two or more children purchasing a house, the provident fund loan limit will increase by 400,000 yuan.

the "notice" proposes to optimize and adjust the purchase restriction policy for commercial housing. the first is to shorten the number of years that non-beijing households need to pay social security or personal income tax when buying a house.for non-beijing families who purchase housing within the fifth ring road, the number of years for social security or individual tax payment is reduced from "continuous payment for 5 years or more before the date of purchase" to "continuous payment for 3 years or more before the date of purchase"; for those who purchase a house outside the fifth ring road, the payment is further reduced to "payments have been made continuously for 2 years or more before the date of purchase."the purchase of houses by high-level and urgently needed talents that meet the needs of the city's economic and social development is clearly defined as "paying continuous payment for one year or more before the date of house purchase." the second is to adjust the housing purchase restriction policy in tongzhou district. in order to promote the urban sub-center to better undertake non-capital functions and disperse the population, and to better achieve a balance between work and housing, from the date of the issuance of the "notice", residents' families purchasing commercial housing in tongzhou district will be implemented in accordance with the city's unified policy. third, if beijing-citizen single adults live together with minor children, the housing purchase restriction policy will be implemented as a beijing-citizen household.

the "notice" clarifies that beijing will promptly cancel ordinary housing and non-ordinary housing standards in accordance with national work arrangements.

in addition, the "notice" also clarified that beijing will 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, and give full play to the "white list" it functions to meet the reasonable financing needs of real estate companies, continue to prevent and resolve real estate risks, and stabilize market expectations.

henan housing association proposes to take the initiative to cross cities and provinces

according to news on october 3, the henan real estate association issued an initiative to carry out the "hundred cities and thousands of enterprises commercial housing promotion activity", calling on the real estate industry associations of all cities in henan province to actively participate in the "hundred cities and thousands of enterprises commercial housing promotion activity" organized by the china real estate association. ".

it is mentioned that to make full use of the window period such as the national day holiday, development companies will actively work with brokerage agencies and relevant media to actively organize various promotional activities such as housing exhibitions and promotion meetings online and offline, and formulate and introduce more preferential measures provide residents with more high-quality housing options.

actively participate in the "hundred cities and thousands of enterprises commercial housing promotions" organized by the china real estate association,take the initiative to cross cities and provinces and launch high-quality projects, to meet the diversified improvement needs of the people and show the style of enterprises in henan province.

guangzhou launches fourth batch of real estate financing “white list”

on september 30, the guangzhou real estate financing coordination working group office issued a notice on pushing the municipal real estate financing coordination mechanism project list (the fourth batch), and a total of 6 projects were selected.

the notice requires that all financial institutions should actively connect and negotiate with real estate development companies on an equal footing, and in accordance with the principles of marketization and rule of law, assess the financing needs of projects on the list, conduct independent reviews, and make independent decisions. establish a green channel, increase the amount of loans for "whitelist" projects, and cooperate with relevant departments to track the implementation of project loans in a timely manner, implement a closed loop of "push-feedback" work, and jointly promote a virtuous cycle of finance and real estate.

the municipal transaction supervision center and the housing and construction departments of each district must actively cooperate with the project sponsoring bank to open and change special accounts for pre-sale funds; the housing and construction departments of each district must actively build a government-bank-enterprise docking platform and rely on the district’s real estate financing coordination mechanism to coordinate restoration projects in a timely manner if existing problems require coordination from superiors, they should be reported to the municipal real estate financing coordination working group office.

the housing and construction departments of each district and all financial institutions must implement a closed management loop of "issuance-use-repayment" of financing amounts, do a good job in closed management of funds, and report the progress of relevant financing coordination to the municipal housing and urban-rural development bureau and the state financial supervision and administration bureau respectively. reported to guangdong supervision bureau.

fujian: the minimum down payment ratio for second homes is lowered to 15%

fujian has introduced several measures to further promote consumption in the real estate market.starting from october 1, the minimum down payment ratio for commercial personal housing loans for second homes in nine cities and one district across the province will be uniformly reduced from 25% to 15%., no longer distinguishing between first and second homes. implement the policy of reducing existing mortgage interest rates, guide commercial banks to uniformly implement batch adjustments to the interest rates of eligible existing mortgage loans before october 31, and encourage corporate banks in the province to implement the policy as soon as possible and complete batch adjustments in advance. support cities in canceling restrictive measures such as housing purchase restrictions, sales restrictions, and price limits according to city policies. those that have been canceled must be fully implemented, and those that have not been canceled must be promptly evaluated and adjusted. cancel the standards for ordinary residences and non-ordinary residences. support localities in optimizing the identification standards for the number of family housing units based on the actual conditions of families with multiple children and rental housing.

dongguan: lifting the restriction on the sale of commercial housing and setting a 15% down payment ratio for first and second homes.

on the evening of september 30, dongguan officially announced that sales restrictions would be lifted from now on.

the dongguan municipal housing and urban-rural development bureau issued the latest notice clarifying that,cancel the restrictions on the transfer period of commercial housing (including newly built commercial housing and second-hand housing) (except for those with restrictions on property rights transfer), commercial housing can be listed and traded after obtaining the real estate registration certificate.

at the same time, for households purchasing housing with loans, commercial personal housing loans in dongguan no longer distinguish between first and second housing, and the minimum down payment ratio is unified to 15%.

agency: it is expected that the overall transaction volume will stop falling and stabilize in october

a report from the cric real estate research center shows that the supply of new homes increased slightly in september and the transaction volume continued to decline. the average monthly transaction volume in september also reached 17% compared with the first half of the year. the quality of the "golden nine" was average, and the transaction volume of second-hand homes weakened. the month-on-month decrease was 10%, and the year-on-year growth rate narrowed to 5%. the cumulative year-on-year growth in the first three quarters was the same as last year. the scale of land transactions continues to be low, and the popularity has dropped slightly. the average premium rate is 3.8%, down 0.3 percentage points from the previous month. it is predicted that in october, market expectations will gradually improve.overall transaction volume may stop falling and stabilize in october, and as the front-line direct beneficiaries of the new policies, there is still room for increased volume in new home transactions. the second-hand housing market is still in a high and volatile market, and the overall transaction momentum is slightly slowing down. however, due to the large base of customers who just want to buy houses, and the second-hand housing owners continue to trade price for volume, the market resilience is still slightly better than that of new houses. it is expected that in october the overall transaction volume will continue to be high.