**: China News Network.
China News Service, Beijing, January 31 (Xinhua) -- China's property market is facing a period of intensive policy adjustment in three cities in four days.
China News Service reporter Pang Wuji.
On January 27, after Guangzhou lifted the restrictions on the purchase of housing with a construction area of more than 120 square meters, Shanghai and Suzhou also announced the relaxation of housing purchase restrictions within four days. The industry believes that this means that since 2010, the property market purchase restrictions that have been gradually implemented in China's hot cities have shown a clear relaxation signal, and China's property market is facing a period of intensive policy adjustment.
According to the new housing purchase policy issued by Shanghai Municipality a few days ago, from January 31, non-Shanghai residents who have paid social insurance or individual income tax for 5 consecutive years or more in Shanghai can purchase 1 house in areas outside the outer ring (except Chongming District), so as to better meet the reasonable housing needs of residents and promote regional job-housing balance and industry-city integration.
Previously, non-Shanghai residents were required to meet the two conditions of "5-year social security" and "married" to buy a house. This time, the "married" requirement has been lifted for areas outside the outer ring of Shanghai.
According to the statistics of the China Index Research Institute, in 2023, the transaction area and ** area of commercial housing (excluding affordable housing) outside the outer ring of Shanghai will account for about 70% of the city, and the transaction value will account for 52% of the city3%, and the short-term inventory area accounts for 81 of the city5%。The area outside the outer ring covers some popular plates, including Tangzhen, Huacao, Sijing, etc.
Zhang Wenjing, general manager of Shanghai data of the China Index Research Institute, said that Shanghai's policy adjustment is conducive to releasing more housing demand, which can accelerate the destocking of new and second-hand houses outside the outer ring (except Chongming District), which has a positive guiding effect on market expectations.
Recently, Shanghai's Qingpu District and Fengxian District have also successively optimized the housing purchase policy for talents. Yan Yuejin, research director of the E-House Research Institute, pointed out that Shanghai's optimized purchase restriction policy has formed a gradient policy system with the previous talent housing purchase policy. In key areas such as Lingang New Area, Qingpu New Town, and Fengxian New Town of the China (Shanghai) Pilot Zone, we will continue to implement the policies that have been introduced to better talents to live and buy houses, and they can buy houses after paying social security or individual income tax for 3 years.
Suzhou's policy adjustment is even more intensive. According to reports, Suzhou has completely canceled the housing purchase restriction policy and will no longer conduct a house purchase qualification review. In September last year, Suzhou lifted the purchase restriction policy for commercial housing of more than 120 square meters.
On January 27, Guangzhou announced that the purchase of housing with a construction area of more than 120 square meters (excluding 120 square meters) within the scope of the purchase restriction area will not be included in the scope of the purchase restriction. At the same time, the local government also supports "rent-one-buy-one" and "sell-one-buy-one" housing.
Prior to this, many places in China have relaxed or withdrawn housing purchase restrictions. Jin Ke, a senior analyst at the Suzhou Branch of the China Index Research Institute, said that at present, only Beijing, Shanghai, Guangzhou, Shenzhen, Chengdu, Tianjin, Xi'an, Hangzhou, Hainan Province and other places still maintain purchase restrictions; Among them, some cities such as Guangzhou and Chengdu have implemented purchase restrictions in area segments.
Industry insiders believe that China's real estate market will usher in a period of intensive policy adjustment in the near future. At a meeting on January 26 at the Coordination Mechanism for Urban Real Estate Financing held by China's Ministry of Housing and Urban-Rural Development, the Ministry of Housing and Urban-Rural Development stressed that cities can adjust their real estate policies according to local conditions. Guangzhou, Shanghai, and Suzhou adjusted the purchase restriction policy shortly after the meeting.
In recent years, the relationship between supply and demand in the real estate market in major cities in China has undergone major changes, and the volume and price of real estate transactions have entered a stage of adjustment. All localities need to adjust the strict and strict policies implemented during the period when the market is overheated, and one of the representative policies is to limit purchases.
At the end of April 2010, Beijing issued the country's first housing purchase restriction order, and then the purchase restriction policy began to be gradually rolled out in popular cities such as the first and second tiers. Zhang Dawei, chief analyst of Centaline Real Estate, said that in response to the market situation, more than 100 cities across the country implemented housing purchase restrictions at the most.
Now, among the first-tier cities, Shanghai and Guangzhou have optimized and adjusted the purchase restriction policy, will Beijing and Shenzhen follow suit?
Zhang Dawei believes that from the perspective of the overall adjustment idea, the adjustment of real estate policies, especially the purchase restriction policy, often follows the principle of implementing policies according to needs and one district and one policy. In Beijing and other cities, it is not realistic to cancel the "one-size-fits-all" purchase restriction policy, and in the near future, it may take the lead in making adjustments in the far suburbs such as Yanqing, Pinggu, Miyun and Huairou, as well as in Tongzhou and Fangshan.
Jin Ke also believes that Beijing and Shenzhen are expected to refer to Guangzhou and Chengdu to optimize the purchase restriction policy of large houses, and optimize the purchase restriction in accordance with the way of implementing policies according to the district and needs. Purchase restrictions in second-tier cities are expected to be fully relaxed. (ENDS).