Shanghai opened a second-hand housing "hand-in-hand" transaction to sign a contract online, and the current transaction accounts for a relatively small proportion

The Paper's reporter Ji Simin

On October 26, the official website of "Online Real Estate" sponsored by the Shanghai Real Estate Exchange Center announced that in order to continuously optimize the business environment and further promote the government service "One Netcom Office", so that information can run more, the masses can run less errands, and facilitate the online signing of the people's stock housing sales contract, it is scheduled to open the online contract (referred to as "hand-in-hand transaction network signing") service for the buyers and sellers of stock houses on October 26, 2021.

The Shanghai Real Estate Exchange Center pointed out that in the process of handling specific documents, the parties can log on to the "One Netcom Office" and enter the relevant office window to consult the "Instructions for the Buyer and Seller of Stock Housing in Shanghai Who Have Not Signed a Contract Online through intermediary Transactions (hereinafter referred to as "Hand-in-Hand Transaction Online Signature") and the "Hand-in-Hand Online Signature Operation Manual for Stock Housing Sales Contracts". For those who have difficulties in online processing, they can still apply for offline processing at the window of the real estate trading center in the district where the house is located.

Song Xiaojuan, senior manager of the Pacific Housing Transaction Service Center, pointed out that hand-in-hand non-intermediary real estate transactions account for a relatively small proportion of the total transaction volume in Shanghai, generally occurring in the second-hand real estate transaction activities with high trust between acquaintances or relatives, usually in the name change between relatives on the property certificate, the government's move to change the second-hand online signing process from offline to online, it is the further promotion of the government's digital government affairs, to such transactions do provide greater convenience.

"'Hand-in-hand transactions' are usually transactions between acquaintances or relatives, in order to save costs, choose not to trade through intermediaries, since this year, the proportion of 'hand-in-hand' transactions has increased, as part of the market demand, the stock house 'hand-in-hand transaction online signature' service launched by the One Netcom Office is more of a manifestation of government services." Shanghai Zhongyuan real estate market analyst Lu Wenxi said.

Yan Yuejin, research director of the Think Tank Center of E-House Research Institute, pointed out that similar policies and Hangzhou practices are very similar, but there have been many misunderstandings on the Internet before. Many people think that it is to replace intermediaries, but in fact, this understanding is not in place. From the perspective of the government platform, it is carried out from the perspective of convenience. Similar transactions without intermediary matching, about 10% of the city, this part of the past supporting services are not much. Now it is also a performance to fill the service gap, help promote the better development of second-hand housing transactions, and is a policy worthy of national promotion.

On August 19 this year, the Hangzhou Municipal Housing Security and Real Estate Administration Bureau in Zhejiang Province released the news that the Hangzhou Second-hand Housing Transaction Supervision and Service Platform officially launched the "Personal Independent Listing" function.

Hangzhou Municipal Bureau of Housing and Housing Management said that the function of individual independent listing of housing has broken the traditional housing sales model of relying on intermediary agencies, improved the drawbacks of asymmetric housing information between buyers and sellers and intermediary agencies in the process of second-hand housing transactions, provided buyers with more convenient and safe new channels such as the release of housing information, the search of purchase housing information, and the matching of independent transaction information for buyers to "hand in hand", and built a more fair and reasonable second-hand housing transaction market operation system.

Editor-in-Charge: Liu Xiuhao

Proofreader: Ding Xiao