China Fund News reporter Li Zhi
Following the complete cancellation of purchase restrictions in Chengdu and the direct settlement of houses in Nanjing, Dalian, Huizhou, Dezhou and other places have recently issued new policies for the property market.
Huizhou will issue 100 million yuan of property market consumption vouchers to cancel the housing sales restriction policy
On April 30, the Huizhou Municipal Bureau of Housing and Urban-Rural Development, together with the Municipal Finance Bureau, the Municipal Taxation Bureau, the Municipal Housing Provident Fund Center and other six departments, jointly issued the "Notice on Further Optimizing the City's Real Estate Regulation and Control Policy".
The "Notice" covers many aspects such as giving away consumption vouchers for house purchases, increasing the preferential treatment of provident fund loans, canceling the housing sales restriction policy, encouraging and supporting the "old for new" housing activities, accurately implementing differentiated housing credit policies, and further increasing financial support for real estate, with a total of six measures.
Specifically, the "Notice" makes it clear that consumption vouchers will be given for house purchases. From May 1, 2024 to October 31, 2024, individual consumers who purchase newly built commercial housing (excluding second-hand and non-residential housing) in Huizhou and complete the online signature filing and deed tax payment procedures can apply for housing purchase vouchers, limited to the first 10,000 units, with a total value of up to 100 million yuan.
If the total purchase price is less than 1 million yuan (exclusive), 5,000 yuan electronic consumption vouchers will be issued for each set, and if the total purchase price is more than 1 million yuan (inclusive), 10,000 yuan electronic consumption vouchers will be issued for each set, on a first-come, first-served basis. The vouchers are valid until 30 June 2025 and any unused vouchers will be automatically collected by the system after the expiry date.
The "Notice" mentions that the preferential treatment of provident fund loans will be increased. The first is to support the families of workers with two children or more who purchase two sets, and increase the maximum loan amount by 20% on the basis of the "Notice of the Huizhou Housing Provident Fund Management Center on the Maximum Loan Amount of the Housing Provident Fund in Our City" (Huishi Housing Provident Fund [2023] No. 19), that is, the maximum loan amount for individuals who purchase a second house is 360,000 yuan, and the maximum loan amount for both husband and wife is 600,000 yuan. The second is to increase the maximum amount of housing loans for talents. Third, the employees who purchase new commercial housing in our city can apply for withholding the amount in the housing provident fund account to pay the down payment for the purchase of the house.
The "Notice" makes it clear that the housing sales restriction policy will be cancelled. Cancel the provisions on the transfer of commercial housing (including newly built commercial housing and second-hand housing) in our city (except for those with restrictions on the transfer of property rights), no longer limit the transfer period of commercial housing, and promote the virtuous cycle of first-hand and second-hand housing in our city.
In addition, the "Notice" also mentions encouraging and supporting the "old for new" housing activities, carrying out the "Hui'an Home for New Purchase" activities, and implementing the tax rebate for residents to exchange for housing. Accurately implement differentiated housing credit policies, continue to optimize and reasonably determine the specific down payment ratio and interest rate of individual housing loans within the allowable range of the policy, and support residents' rigid and improved housing purchase needs. At the same time, further increase financial support for real estate.
Shandong Dezhou adjusts the housing provident fund loan policy, with a maximum loan of 700,000 yuan
On April 30, according to the website of the Dezhou Housing Provident Fund Management Center, the Office of the Housing Provident Fund Management Committee of Dezhou City, Shandong Province issued a notice to adjust the housing provident fund loan policy. From May 1, the maximum loan amount of the housing provident fund will be increased.
The "Notice" includes five contents, one is to increase the maximum loan amount of the housing provident fund. The maximum loan amount for one party to pay provident fund has been increased from 400,000 yuan to 600,000 yuan, and the maximum loan amount for both husband and wife to pay provident fund has been increased from 500,000 yuan to 700,000 yuan.
The second is to purchase a housing provident fund loan for newly built high-quality residential buildings in the administrative area of Dezhou City, and increase the original maximum loan amount by 100,000 yuan.
The third is the full-time college graduates or above (no limit to graduation time), who have paid the housing provident fund in full and in full for more than 6 months (inclusive) in Dezhou, and use the housing provident fund loan for the purchase of self-occupied housing within the administrative area of Dezhou City, and increase the original maximum loan amount by 100,000 yuan on the basis of the original maximum loan amount.
Fourth, families with many children who have paid into the deposit of workers can apply for housing provident fund loans for the purchase of the first and second sets of self-occupied houses, which has been increased from 100,000 yuan to 150,000 yuan.
Fifth, the value of the coefficient of the housing provident fund contribution time is uniformly adjusted to "1". For the time being, the loan amount is not linked to the deposit time, and the depositor's application for provident fund loan will be calculated according to the deposit time coefficient of "1".
Dalian issued a policy "combination punch" to support housing "selling the old and buying the new"
On April 29, according to the official website of the Dalian Municipal Bureau of Housing and Urban-Rural Development, in order to adapt to the new situation of supply and demand in the real estate market, better meet the needs of residents for rigid and improved housing, and promote the steady and healthy development of the real estate market, Dalian issued the "Notice on Further Promoting the Stable and Healthy Development of the Real Estate Market".
The "Notice" proposes a total of 7 aspects of real estate market support measures.
Among them, it is clear that it supports the "sale of the old and the purchase of the new" of the house. Subsidies are given to individuals who "sell the old and buy the new". From April 29, 2024 to December 31, 2024, the government will give a housing purchase subsidy of 100 yuan/square meter according to the construction area of the self-owned housing and 200 yuan/square meter according to the construction area of the newly built commercial housing purchased in Zhongshan District, Xigang District, Shahekou District and Ganjingzi District, and the total amount of the subsidy shall not exceed the total amount of value-added tax and deed tax paid by the buyers of the houses "selling the old and buying the new".
In terms of ensuring the effective supply of land, the "Notice" makes it clear that the city plans to supply 316 hectares of real estate land in 2024, and actively promote the transfer of the first batch of high-quality land plots such as the Barracuda Bay Business District, the locomotive factory plot and the former China Resources Malan Brewery plot. Reasonably determine the reserve price for land transfer for residential projects, and accelerate the promotion of land transfer. Combined with the existing commercial facilities around the project plot, reduce the commercial proportion of the transferred plot, and continue to implement preferential policies for commercial service land.
In terms of continuously optimizing the policy on the use of housing provident fund, the maximum loan amount of housing provident fund will be adjusted in a timely manner according to the liquidity of funds. Relevant policies will be introduced before the end of June 2024 to support young people, doctoral students, and flexible employment personnel to use the housing provident fund to buy houses, and the housing provident fund can be withdrawn to pay the down payment when purchasing commercial houses sold by existing houses.
In addition, the "Notice" also put forward a number of policy "combination punches" from the aspects of organizing various forms of housing fairs in a timely manner, issuing consumption vouchers for trade-in of household appliances, increasing financial support, and continuing to implement the national preferential tax policies for house purchase and sale.
Editor: Captain
Review: Muyu