At the beginning of the new year, there is heavy news in the property market!
On January 2, the central mother announced that the net new mortgage supplementary loans (PSL) in December last year were 350 billion yuan, and the balance of mortgage supplementary loans at the end of the period was 3,252.2 billion yuan. After a year, PSL is restarting again!
On January 4, Shenzhen publicly solicited the "Implementation Opinions on Actively and Steadily Promoting the Transformation of Urban Villages to Achieve High-quality Development", which will involve about 40% of the city's residential area. On the same day, Guangzhou issued the first ticket for the renovation of urban villages!
On January 5, the People's Bank of China and the State Administration of Financial Supervision and Administration jointly issued the "Opinions on Financial Support for the Development of the Housing Rental Market", which is also known as the "17 Articles of Housing Rental Finance" in the industry.
PLS + urban village renovation + affordable rental housing,The "troika" goes hand in hand, it can be said that it is not heavy, and even some people in the industry regard this combination as the best solution to revitalize this round of real estate, and the influence may be known!
But many friends may not understand the relationship and logic between the three.
What is PSL? What is the use?
PSL, also known as Collateral Supplemental Loan.
In the official definition, the PSL is the long-term stable and appropriately costed funding provided by the People's Bank of China in April 2014 to support the China Development Bank in stepping up key projects for "shantytown upgrading".
The main function is to support the development of key areas of the national economy, weak links and social undertakings, and provide large-scale financing to financial institutions with a long term!
PSL was founded in 2014 and has undergone two rounds of expansion.
The first round is the monetization of shantytown reform from 2014 to 2020, which is what we often call shantytown reform 10 times, a total of about 3,670.4 billion yuan has been invested in five yearsAs we all know, this stage is also the first era of the national property market.
The second round is from September to November 2022, with 630 billion yuan invested in three months to provide financial support for key infrastructure areas.
And at the moment, the most mentioned in the real estate field is nothing more than thatThe "three major projects" of infrastructure such as urban village transformation, affordable housing, and dual-use infrastructure such as leveling and emergency useTherefore, everyone is speculating that the new 350 billion PSL will most likely be used to support the construction of the "three major projects".
According to the past situation, 350 billion PSL can be derived from up to 3 times the loan, that is, about 1 trillion yuan of money to the market.
Seeing this, many people may ask, is it possible to usher in the shed reform 2 of the trillion-level water discharge0, another round of skyrocketing house prices?
Obviously, this is unrealistic, and I don't believe it.
Shenzhen shouted, is the transformation of urban villages still far away?
The transformation of urban villages was a hot word last year.
On July 21, 2023, the Standing Committee of the People's Republic of China deliberated and adopted the "Guiding Opinions on Actively and Steadily Promoting the Transformation of Urban Villages in Super and Mega Cities", which clearly pointed out:
Actively and steadily implementing the transformation of urban villages in megacities is an important measure to improve people's livelihood, expand domestic demand, and promote high-quality urban development. At the same time, a series of supporting policies and specific requirements for the transformation of urban villages have been introduced.
On July 24, the Politburo meeting pointed out that the construction and supply of affordable housing should be increased, and the transformation of urban villages and the construction of public infrastructure for "peacetime and emergency" should be actively promoted, and all kinds of idle real estate should be revitalized. The same statement was mentioned at the Politburo meeting on April 28 this year.
Two Politburo meetings and one National Standing Committee meeting are enough to show the weight of the transformation of urban villages!
The number of housing units in urban villages in Shenzhen accounts for about 60% of the city's housing units, and the area exceeds 40%.
In accordance with the implementation opinions,The transformation of urban villages in Shenzhen is divided into three categories: demolition and new construction, renovation and upgrading, and combination of demolition and consolidationQualified urban villages will be demolished and newly built, and unqualified urban villages will be renovated and upgraded, and the implementation of demolition and consolidation will be combined between the two.
It also stipulates that, in principle, the sum of the land area for partial demolition (including the vacant land included in the sporadic inclusion) shall not exceed 30% of the total land area of the urban village reconstruction project of the demolition and consolidation combination project.
The implication is that the transformation of urban villages is still mainly based on renovation, supplemented by demolition and reconstruction.
So how to dismantle? On the same day,Neighbor Guangzhou made a free sample: room ticket.
It probably means that the old house is settled with the house ticket, and the new house is directly deducted with the house ticket.
As early as October last year, the "Special Plan for Urban Renewal in Guangzhou (2021-2035)" and the "Special Plan for the Transformation of Urban Villages in Guangzhou (2021-2035)".For the first time, it is proposed that the transformation of urban villages in the region may be carried out in the form of "house ticket resettlement"., I didn't expect it to come so soon!
In addition to Guangzhou, Zhengzhou, Nanjing, Nanchang, Kunming, Guiyang, Xiamen, Wuxi, Wenzhou and other cities have announced similar policies. (The policy is different for each city).
What signal does the "17 Housing Rental Finance" release?
Here are the key points.
Support commercial banks in issuing housing rental development and construction loans to real estate development enterprises, industrial parks, rural collective economic organizations, enterprises and institutions, and other entities that build and renovate long-term rental housing in accordance with laws and regulations.
For enterprises and eligible public institutions that purchase stock of idle houses in bulk in accordance with laws and regulations for use as dormitory-type affordable rental housing, and specialized large-scale housing rental enterprises that purchase stock of idle houses in bulk in accordance with laws and regulations for long-term holding and operation of affordable or commercial rental housing, commercial banks are encouraged to issue housing rental group housing purchase loans under the premise of controllable risks, sustainable business, and strict non-addition of local ** hidden debts.
If a housing leasing enterprise operates long-term rental housing with its own property rights, the term of the housing lease operating loan shall not exceed 20 years, and the loan amount shall not exceed 80% of the appraised value of the property in principle.
Support commercial banks in issuing financial bonds for housing leasing, and raise funds specifically for increasing the allocation of housing rental development and construction loans, group housing purchase loans, and operating loans.
Summary in the vernacular:Increase credit support for housing rental development and construction, support the acquisition of stock housing for affordable rental housing, support the issuance of housing rental operating loans, and guide all kinds of social funds to invest in the housing rental field in an orderly manner!
In Chengdu, in 2022, Chengdu issued the "Implementation Opinions of the General Office of the Chengdu Municipal People's ** on Accelerating the Development of Affordable Rental Housing", and plans to propose that during the "14th Five-Year Plan" period, it plans to raise and build 250,000 units (rooms) of affordable rental housing, of which 60,000 units (rooms) are planned to be built in 2023.
On November 7-8 last year, Chengdu Housing and Construction issued two detailed rules and reminders on rental housing, which shows the high status of rental housing.
Rent only, not sell, 90% of the market rent, and the annual increase does not exceed 5%.It is the label of Chengdu rental housing, but everyone ignores the highlights of the product itself.
Taking Jinlin Apartment ICC Tianjun as an example, it is located in the Pancheng Steel Plate, on the subway line, and downstairs is ICD Huanmao, only about 80m away from the subway entrance, and has a good reputation in the market.
A total of 1,132 units (rooms) with an area range of 49-127 have been launched, and the main units are standard rooms, suite 1 and suite 2, of which standard rooms and suite 1 are for the whole set of rental, and suite 2 is rented out by room.
In general, the property market is in a downward phase, buyers lack confidence, new houses, second-hand housing transactions are very declining ("Cheng Duxiu"), PLS + urban village renovation + affordable rental housing, not only low-cost stock housing, but also to stimulate domestic demand, promote the economy, is really a good prescription for the moment, whether it continues, we wait and see!
Finally, what do you think of the future of the property market? Could the dual housing system be coming? Come, the comment is just a gang.