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Rental Timeline (4.11-4.18)

author:ICCRA, a housing rental think tank
Rental Timeline (4.11-4.18)

The Ministry of Housing and Urban-Rural Development solves the housing difficulties of the teaching staff; the first affordable rental housing REITs project has been submitted to the National Development and Reform Commission ◀ Rental Memorabilia (4.11-4.18)

Rental Timeline (4.11-4.18)
Rental Timeline (4.11-4.18)

Policy guidance: The Ministry of Housing and Urban-Rural Development has stepped up efforts to solve the housing difficulties of the teaching staff. Enterprise News: Shenzhen Talent Settlement Group's first affordable rental housing REITs project has been submitted to the National Development and Reform Commission. City Index: Beijing affordable rental housing pilot for new graduates to apply, a total of 4 projects and more than 1,000 rooms.

Rental Timeline (4.11-4.18)

Ministry of Housing and Urban-Rural Development: Increase the supply of affordable housing and solve the problem of teachers' housing difficulties

Recently, Pan Wei, deputy director of the Department of Housing Security of the Ministry of Housing and Urban-Rural Development, pointed out at the press conference of the Ministry of Education that there are many channels and ways for teachers to solve the problem of housing difficulties through the housing security system.

First of all, teachers who meet the local regulations for access to public rental housing and have difficulties in housing and income can apply for physical housing or rental subsidies for public rental housing. At present, some localities have also formulated preferential policies for the construction of public rental housing for teachers such as rural teachers in combination with local realities. Second, all localities should conscientiously implement the support policies of Document [2021] No. 22 issued by the State Council, and effectively increase the supply of affordable rental housing by supporting schools to use their own stock of land and housing to build affordable rental housing, etc., and help teachers alleviate housing difficulties.

Rental Timeline (4.11-4.18)

Capital Group: Plans to issue 500 million yuan of housing leasing special corporate bonds On April 12, Beijing Capital Venture Group Co., Ltd. announced the issuance of 2022 public housing leasing special corporate bonds (for professional investors) (phase II). It is reported that the issuance scale of the bonds in this period is not more than 500 million yuan (including 500 million yuan), the term is 3 years, and the final coupon rate will be determined by the issuer and the lead underwriter according to the results of bookkeeping and filing. The lead underwriters of the bonds are Capital Securities Co., Ltd. and Haitong Securities Co., Ltd., and the trustee of the bonds is Haitong Securities Co., Ltd., with an issue date of April 14, 2022 and a value date of April 15, 2022. According to the prospectus, all the bonds in this period are used for the construction and operation of housing rental projects.

First shares: 2021 annual results released, explore new rental housing models

Recently, Shoukai Co., Ltd. announced its 2021 annual report. The "Annual Report" shows that the company will actively implement the 14th Five-Year Development Plan of the State Council in the long-term rental market, make full use of hand-held projects, explore new rental housing models, and achieve the effective revitalization of resources in hand.

Shenzhen Talent Settlement Group: The first affordable rental housing REITs project has been submitted to the National Development and Reform Commission Recently, the Shenzhen Talent Housing Group project has been submitted to the National Development and Reform Commission, becoming the first officially declared affordable rental housing REITs project in the country, and also represents a breakthrough in the reits products of affordable rental housing issuance infrastructure.

In this project, 4 high-quality projects were selected to participate in the pilot project of affordable rental housing REITs, and all projects have obtained the certificate of recognition of affordable rental housing. The four projects are located in the core area or core area of Shenzhen, with an overall occupancy rate of 99%, involving a total of 1,830 sets of affordable rental housing, 134,700 square meters, and an asset appraisal value of about 1.158 billion yuan. The project property rights are clear, with a continuous and stable cash flow, which can meet the yield requirements for the issuance of REITs. Moreover, the main rental objects of the project are new citizens and young people, and the rental price is significantly lower than that of similar housing, which has a strong attribute of people's livelihood and security.

Poly Development: Approved to register 5 billion yuan of housing lease directional asset-backed notes A few days ago, Poly Development issued an announcement that the company recently received the "Notice of Acceptance of Registration" issued by the China Interbank Market Dealers Association, and the "Poly Development Holding Group Co., Ltd. 2022 Phase I Housing Leasing Directional Asset-Backed Notes" with the company as the initiator was approved for registration.

The registered amount of the company's asset-backed notes is 5 billion yuan, and the registration quota is valid for 2 years from the date of payment of the "Notice of Acceptance of Registration", which is jointly underwritten by Industrial Bank Co., Ltd., China Construction Bank Co., Ltd. and Industrial and Commercial Bank of China Co., Ltd., and the lead underwriter of the current period is determined before the issuance of each issue. The company may issue asset-backed notes in installments during the registration period, the first offering should be completed within 6 months after registration, and the subsequent issuance should be filed with the Dealers Association. After the completion of the offering, the results of the offering shall be disclosed in a targeted manner through channels recognized by the Dealers Association.

Zoomlion Fund: Helped the country's first provincial-level talent rental housing REITs to be successfully renewed

Recently, the "Hainan Provincial Talent Rental Housing Phase I Asset-Backed Special Plan" has successfully completed the renewal of the first open exit period. The renewal of the REITs was warmly welcomed by investment institutions, and the final oversubscription multiple was 1.56 times, and the coupon rate was reduced from 4.5% to 4.0%, which fully realized the effect of REITs as a long-term capital instrument to continuously optimize costs and continue financing.

This REITs Service Million Talents into Hainan Action Plan, issued by Hainan Holdings on March 26, 2019 under the decision-making and deployment of the Hainan Provincial Party Committee and the Hainan Provincial Government, is the first provincial-level talent rental housing REITs in China, with an issuance scale of 870 million, with a term of 18 years (every three years to set an opening and exit period), which can raise 1,035 sets of rental housing for the Hainan Free Trade Zone (Hong Kong) investment attraction strategy.

Rental Timeline (4.11-4.18)

Beijing

The Beijing Banking and Insurance Regulatory Bureau encourages commercial banks to cooperate with the Beijing Municipal Government to build a comprehensive housing rental service platform

On April 11, the Beijing Banking and Insurance Regulatory Bureau issued the Notice on Doing a Good Job in Financial Services for New Citizens within its Jurisdiction, which clearly states that financial institutions within its jurisdiction should do a good job in housing financial services for new citizens.

In terms of assisting the construction of affordable rental housing, the Notice points out that all banking financial institutions should strengthen credit support for the construction and operation of affordable rental housing, and provide loans in a market-oriented manner to enterprise entities that use collective operation construction land, supporting land for industrial parks, self-owned land of enterprises and institutions, and new supply of state-owned construction land, as well as enterprise entities that convert non-residential stock housing and existing housing into affordable rental housing.

In terms of supporting the healthy development of the housing rental market, the Notice mentions that all commercial banks should provide credit support for professional and large-scale housing rental enterprises under the premise of legal compliance and commercial sustainability, focusing on supporting professional rental enterprises to raise various types of idle housing in society to be converted into long-term rental housing; actively docking industrial parks where new citizens are concentrated to provide financing support for the construction and operation of collective rental housing; and encouraging commercial banks to cooperate with the Beijing Municipal Government to build a comprehensive housing rental service platform. Improve the housing rental market supply system.

A few days ago, the Beijing Real Estate Intermediary Industry Association issued the "Proposal on Reducing or Waiving Market Rental Subsidies and Receiving Family Rental Commissions", which proposes that families who have obtained market rental subsidy qualifications can use the "Beijing Market Rental Subsidy Issuance Notice" to prove that the rental commission is reduced or reduced. It is reported that in order to effectively reduce the rental burden of low-income families, the Beijing Real Estate Intermediary Industry Association, together with 8 member units such as Chain Home, I Love My Home, Maitian, Zhongyuan, and 21st Century Real Estate, jointly issued an initiative to the city's real estate brokerage agencies to reduce the market rental subsidy and receive family rental commission.

The Beijing Affordable Rental Housing Pilot is open to newly graduated college students, with a total of more than 1,000 rooms in 4 projects

A few days ago, the Beijing Municipal Housing and Construction Commission released the first pilot from newly graduated college students, starting the docking of affordable rental housing youth apartments in 2022, and the first batch of nearly 1,000 houses in 4 projects in Haidian, Chaoyang, Fangshan and Changping Districts will be applied for by university graduates.

The pilot housing has a total of 653 units and nearly 1,000 rooms, including collective land rental housing and talent housing supporting key functional areas, all of which are fully renovated and delivered new houses, equipped with furniture and home appliances, and graduates can "move in with their bags".

In terms of unit type, there are 26-35 square meters of single-room apartments, and there are also two-bedroom and three-bedroom sub-rent houses. In terms of rent, it is also in accordance with the implementation plan of Beijing Municipal Affordable Housing, which is lower than the rent level of rental housing in the same quality market in the surrounding area, mostly around 2200 to 2400 yuan.

This special pilot for newly graduated college students, on the one hand, is to accelerate the landing of the legal person for the development of the implementation plan for affordable housing, and on the other hand, the graduation season is coming, so as to effectively solve the housing problem for graduates. In the next step, Beijing will also increase the intensity of pilot innovation and select more suitable projects to promote the housing security of new citizens, young people, and urban operation service guarantee personnel.

Shanghai Housing and Construction Commission: "Class residential" is not sold and can be considered for sub-leasing

Recently, Tu Haiming, a member of the Standing Committee of the Shanghai Municipal Committee of the Chinese People's Political Consultative Conference, said in the proposal of "Suggestions on Drawing on hong Kong's "Group Rental Housing" Management Experience to Strengthen Centralized Rental Housing such as White-collar Apartments and Single Apartments" that Shanghai should study and formulate specific operational measures for the conversion of commercial housing into rental housing as soon as possible. At the same time, a "licensing" system is implemented, and for such rental housing that meets the conditions, a "license" is issued that allows operation.

The Shanghai Municipal Housing and Construction Commission said, "We will study and formulate the implementation rules for the transformation of commercial housing into rental housing, and we suggest that for regional commercial offices with more idle and unbalanced work and housing, they will be allowed to be transformed into apartments for rent without changing the nature of land use." For projects that have not yet been sold in the process of "quasi-residential" cleaning and rectification, it can also be considered to transform into rental housing.

Guangzhou: Tightening the supervision of housing rental funds, excess rent and deposit are included in the supervision Before the day, the Guangzhou Municipal Bureau of Housing and Urban-Rural Development issued the "Notice on Regulating the Housing Rental Market", proposing to strengthen and standardize the supervision of housing rental funds, advocating that lessors collect rent on a monthly basis, and excess rent and deposit will be included in supervision. The Notice requires that housing leasing practitioners should set up a housing lease fund supervision account in a commercial bank, and collect and pay rent and deposit through this account. The bank that opens the account for the supervision account shall connect with the Guangzhou Housing Rental Information Service Platform and perform the supervision obligations as agreed. The Notice encourages lessors to collect rent on a monthly basis. If the parties to the lease agree to collect the deposit in the housing lease contract, the amount of the deposit shall generally not exceed 1 month's rent. Where a housing leasing practitioner operates a non-self-owned housing, if the single collection of rent exceeds 3 months or the single collection of a deposit exceeds 1 month, the excess rent and deposit shall be included in the supervision, except that the period for collecting the rent and deposit of the lessee is consistent with the period for paying rent or deposit to the owner of the housing.

Hebei: Preparing for the construction of 160,000 sets of guaranteed rental housing, will be supported by loans of not less than 26 billion yuan Recently, the Hebei Provincial Housing and Construction Department and the Hebei Branch of China Construction Bank signed a strategic cooperation agreement on the development of affordable rental housing. The loan support provided by CCB Hebei Branch specifically includes 5 public credit products, including housing lease support loan, housing lease purchase loan, housing lease mortgage loan, housing lease receivable pledge loan, and housing lease operation loan, to meet the all-round financing needs of affordable rental housing projects in project construction, payment of house purchase, renovation and decoration, and daily operation. During the cooperation period between the two sides, through the use of collective operation construction land, idle land owned by enterprises and institutions, supporting land for industrial parks, reconstruction of non-residential stock housing and new supply of state-owned construction land, the Provincial Department of Housing and Urban-Rural Development plans to build and raise 160,000 sets (rooms) of affordable rental housing, and CCB Hebei Branch will provide loan support for affordable rental housing projects with a total amount of not less than 26 billion yuan. In addition, CCB Hebei Branch will also provide SERVICES such as REITs (real estate investment trust funds) and special bond issuance, housing financing, housing operation and management, etc., and combine the actual situation of housing security business in Hebei Province to build a guaranteed rental housing system and establish a comprehensive service platform for housing security informatization to meet the needs of affordable rental housing information management.

Hangzhou: The first blue-collar apartment in 2022 has been completed and delivered

Recently, Hangzhou Gongshu District Chenyu Qingmang Apartment was completed and delivered. This is also the first blue-collar apartment project in Hangzhou to be completed and delivered this year.

Chenyu Qingmang Apartment is located in Gongshu District Xiangfu Street Guantang Community, with a construction area of 35,000 square meters, a ground area of about 28,900 square meters, and a total of 888 units. There are various types of housing units, providing one-bedroom, two-bedroom, LOFT and other types of apartments, which can meet the different living needs of residents. The apartments are designed with variable furniture to maximize the use of space. All rooms are equipped with Internet, air conditioning, water heater, wardrobe, bed and wet and dry separate toilets, with optional washing machines and refrigerators for tenants to move in. It is expected that after the project is put into use, commercial facilities will be introduced to create several major functional areas such as the party and mass activity center, the co-working area, the reading area, the audio-visual area, and the shared equipment area.

Chengdu: This year's first affordable rental housing project "rent opening" On April 13, Chengdu's first affordable rental housing project this year was officially "rented". The project is a nanhua jiayuan affordable rental housing project located at No. 886 Shengbang Street, Chengdu High-tech Zone, with a total of 246 rental housing units, all of which are about 50 square meters of one-bedroom and one-living room units. For eligible protection objects, the rent standard is in principle 90% of the market rent Guiyang: The Housing and Urban-Rural Development Bureau plans to issue the Administrative Measures for the Rental of Affordable Rental Housing A few days ago, the Guiyang Municipal Bureau of Housing and Urban-Rural Development issued an announcement on soliciting opinions on the "Guiyang Affordable Rental Housing Rental Management Measures (Trial) (Draft for Solicitation of Comments)" from the public. The "Measures" stipulate that the supply target of affordable rental housing should have household registration in the city or be employed or live in the city, have no self-owned housing (including residential and non-residential) within the district (city, county, development zone management committee) where the applied affordable rental housing is located, and do not have other housing security policies that are being enjoyed within the scope of the city. In terms of rental price, in principle, it is determined according to about 80% of the assessed rent of rental housing in the same area and the same quality market, and the market rent is assessed and adjusted once every two years in principle, and if necessary, it can be assessed and adjusted in a timely manner according to the situation. In addition, taking into account that the affordable rental housing policy has just been introduced and implemented, the measures are a newly formulated normative document, and for the sake of safety, it will be implemented on a trial basis for a period of two years, from January 2022 to December 2023. Ganzhou, Jiangxi: Financing 20 billion yuan to build affordable rental housing A few days ago, Ganzhou City, Jiangxi Province, held a signing ceremony for the development of affordable rental housing "government-bank-enterprise" docking. According to the agreement, during the "14th Five-Year Plan" period, the Ganzhou Branch of China Construction Bank, the Ganzhou Branch of the Agricultural Bank of China and the Postal Savings Bank of China will provide a total financing amount of not less than 20 billion yuan for various financial products for the affordable rental housing construction project in Ganzhou City. It is reported that Ganzhou City is a key city in Jiangxi Province for the development of affordable rental housing. During the "14th Five-Year Plan" period, Ganzhou City will develop 65,800 sets of affordable rental housing, ranking the forefront of Jiangxi Province in terms of fundraising scale. This year, Ganzhou Affordable Rental Housing Is planned to raise 16,700 units, involving 10 counties (cities, districts), and 36 projects have been implemented. Qinghai: Focus on solving the housing needs of new citizens and strengthening the supply of affordable rental housing Recently, the General Office of the Qinghai Provincial Government issued an implementation plan to accelerate the development of affordable rental housing, effectively strengthen the supply of affordable rental housing, and help solve the phased housing needs of new citizens, young people and other groups. Qinghai focuses on the development of affordable rental housing in Xining City, and other regions combine actual needs to develop affordable rental housing according to local conditions. Affordable rental housing is mainly used for the staged housing difficulties of new citizens and young people without housing such as migrant workers. For the tenant, there is no income line threshold, the rent is determined by the investment entity, accept the guidance of the government, follow the principle of "tenant income is affordable, enterprise operation is sustainable", and the rent standard should be lower than the rent of market rental housing in the same location and of the same quality. Qinghai affordable rental housing is supported by the government, gives full play to the role of the market mechanism, guides multi-subject investment and multi-channel supply, adheres to the principle of "who invests, who owns", adopts a variety of methods such as new construction, reconstruction, and allocation, and uses collective operation construction land, idle land owned by enterprises and institutions, and supporting land in industrial parks to build affordable rental housing. At the same time, Qinghai appropriately uses the new supply of state-owned construction land to build and allocate affordable rental housing, industrial parks, enterprises and institutions can convert idle houses into affordable rental housing, and commercial and office buildings with large inventory areas and long dematerialization periods can be converted into affordable rental housing.