The Ministry of Housing and Urban-Rural Development explained in detail the key points of property market regulation next year and released these signals.
How to promote the virtuous circle of real estate industry? Wang Menghui, Minister of Housing and Urban-Rural Development, recently put forward four points: First, maintain the continuity and stability of regulatory policies; Second, enhance the coordination and accuracy of regulatory policies; Third, resolutely and effectively deal with the risk of overdue delivery of real estate projects of individual head real estate enterprises; Fourth, continue to rectify and standardize the order of the real estate market.
At present, the property market is still in the downward cycle. Faced with the intensified differentiation of the property market and the frequent default of housing enterprises’ debts, how to achieve the "virtuous circle and healthy development of the real estate industry due to the city’s policies" next year has become a social concern.
Recently, in an interview with Xinhua News Agency, Wang Menghui said that he would resolutely implement the deployment of the Central Economic Work Conference, firmly adhere to the positioning that "houses are for living, not for speculation", and do not use real estate as a tool and means to stimulate the economy in the short term, strengthen the expected guidance, and promote the virtuous circle and healthy development of the real estate industry due to the city’s policy.
Steady implementation of long-term mechanism
In order to maintain the continuity and stability of regulatory policies, Wang Menghui said, we should continue to steadily implement the long-term mechanism of real estate, implement the main responsibility of cities, strengthen the supervision and guidance responsibility of provincial governments, ensure the demand for rigid housing, meet the reasonable demand for improved housing, and strive to stabilize land prices, house prices and expectations.
"Long-term mechanism" — — This expression was mentioned again.
CBN noted that the preposition verb of "long-term mechanism" was "fully implemented" when the State Council held a video conference on accelerating the development of affordable rental housing and further improving the regulation of the real estate market in late July this year, and the Ministry of Housing and Urban-Rural Development changed the preposition verb of "long-term mechanism" to "steadily implemented" when explaining the key points of the property market policy next year.
Chen Sheng, executive director of China Real Estate Data Research Center, told CBN that the long-term mechanism involves housing, land, finance, taxation, finance, legislation and other links. If the real estate tax legislation and reform are steadily promoted in finance and taxation, these tasks cannot be accomplished overnight, but they should be implemented and implemented in a "smooth and silent" way.
"Because some long-term mechanisms have been put in place in land and finance, the relevant expression of the long-term mechanism will be changed to &lsquo when the property market is deployed next year; Steady implementation ’ 。” Chen Yu said.
Implement the main responsibility of the city
In order to link the short-term regulation with the long-term mechanism more closely, and give consideration to the "continuous stability" and "coordination accuracy" of the regulation policy, Wang Menghui also made it clear that it is necessary to implement the main responsibility of the city, especially the supervision and guidance responsibility of the provincial government, and put forward "strengthening the regulation of the city ‘ One-to-one ’ Guidance and supervision. "
Chen Sheng believes that due to the different levels of development and urbanization in different cities, the industrial floor of urban development and the development stage of the real estate industry are different, superimposed on the downturn of the property market, and the differentiation between hot-spot first-and second-tier cities and third-and fourth-tier cities is intensified, so it is necessary to use different toolboxes to make precise policies for the property market in different regions.
"Based on this, ‘ Promote the benign development of the real estate industry ’ To ‘ Policy by city ’ ‘ One city, one policy ’ , the supervision of regulatory policies should also adopt ‘ One-to-one ’ Orientation mode. " Chen Hao said.
In recent months, some cities have been affected by multiple factors such as population outflow and economic development difficulties, and the downward pressure on the property market has increased, and even housing prices have continued to fall. In this regard, since the end of August, at least 21 cities have issued "limit orders" to stabilize the property market. At present, this reverse regulation policy has begun to show effect. According to the latest data from the National Bureau of Statistics, in November, the price of new houses in Yueyang, which issued the "limit order" earlier, rose by 0.3% month-on-month, and the prices of new houses in Tangshan and Kunming also showed signs of slowing down or stopping falling.
Since November, in order to further boost the property market from the demand side, more than 17 provinces and cities have successively introduced new housing subsidy measures, among which, in Wuhu, Jilin and other places in Anhui, such new measures will continue until next year or even longer.
In view of the insufficient structural supply of the property market in first-and second-tier cities and hot cities, Wang Menghui said that structural reform of the housing supply side will be promoted. In view of the housing needs of new citizens, young people and other groups, we will increase policy support such as finance, land and public services, vigorously develop affordable rental housing, develop shared property housing according to local conditions, and accelerate the development of long-term rental housing market.
Resolutely and vigorously deal with the risk of overdue delivery of housing projects
Wang Menghui said that it is necessary to resolutely deal with the risks of overdue delivery of real estate projects of individual head real estate enterprises. Taking "building security, people’s livelihood and stability" as the primary goal, according to the requirements of overall planning of provinces and cities, and taking the principle of rule of law and marketization as the principle, we will ensure social stability and the interests of the state and the masses will not be lost.
In April this year, the the State Council Financial Stability and Development Committee proposed that, in accordance with the principles of marketization and rule of law, institutions should be encouraged to merge with risk institutions to promote the balance of regional financial supply and demand structure.
Since September, in view of the debt default risk of some housing enterprises, the central bank, China Banking and Insurance Regulatory Commission and other financial departments have repeatedly reiterated that financial institutions should jointly safeguard the stable and healthy development of the real estate market and the legitimate rights and interests of housing consumers in accordance with the principles of rule of law and marketization, and cooperate with relevant departments and local governments.
In Chen Sheng’s view, the reason why we emphasize "taking the rule of law as the principle of marketization" instead of going to the bottom through administrative means is not only to implement the prudent management system of real estate finance and maintain the continuity and stability of policies, but also because there are good cases and experiences for current market-oriented mergers and acquisitions to learn from.
In order to further resolve the liquidity crisis of some real estate enterprises by market-oriented means and encourage prudent real estate enterprises to help their peers, the central bank and China Banking and Insurance Regulatory Commission jointly issued a document on the 20th, saying that banking financial institutions are encouraged to provide financial support and services for mergers and acquisitions of key real estate enterprise risk disposal projects.
Continue to rectify and standardize the order of the real estate market
Wang Menghui said, continue to rectify and standardize the order of the real estate market. Improve the market supervision mechanism and earnestly safeguard the legitimate rights and interests of the people.
Five months ago, the Ministry of Housing and Urban-Rural Development made clear the key work contents of rectifying and regulating the real estate market in the next three years, and gave specific guidance on the landing plan.
According to the Notice of the Ministry of Housing and Urban-Rural Development and other eight departments on continuously rectifying and regulating the order of the real estate market issued by the Ministry of Housing and Urban-Rural Development and the National Development and Reform Commission on July 23rd, "we will strive to achieve a marked improvement in the order of the real estate market in about three years", and at the same time, it is clear that we should focus on rectifying outstanding problems in real estate development, housing sales, housing leasing, property services and other fields that are strongly reflected by the people and highly concerned by the society.
Up to now, at least 20 cities in Tianjin, Zhejiang, Jiangxi, Shanxi, Liaoning, Yunnan, Jiangsu, Anhui, Shandong, Hainan, Guangdong, Hebei, Fujian, Heilongjiang, Xinjiang and other places have issued three-year action plans to rectify and standardize the order of the real estate market.