Wen Pang Wuji
Following the lifting of restrictions on the purchase of large units in Guangzhou on January 27, in just four days, Shanghai and Suzhou announced the relaxation of housing purchase restrictions. Since 2010, there have been clear signs of relaxation of property market restrictions that have been gradually implemented in China's hot cities.
A few days ago, Shanghai relaxed the purchase restriction for singles. Shanghai has issued a new policy for housing purchases, which stipulates that from January 31, non-Shanghai residents who have paid social insurance or individual income tax for five consecutive years or more in Shanghai can purchase one 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 needed to meet the two conditions of "5 years of social security + married" to buy a house, but now the "married" requirement has been cancelled for areas outside the outer ring.
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 percent 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 China Index Research InstituteHe said that Shanghai's policy adjustment is conducive to releasing more demand for housing purchases, which can accelerate the inventory of new and second-hand houses outside the outer ring (except Chongming District), which has a positive guiding effect on market expectations.
Li Yujia, chief researcher of the Housing Policy Research Center of the Guangdong Provincial Urban Planning Institutesaid that Shanghai's relaxation of restrictions on single people buying housing this time is not a big policy pace. In the past, single people were restricted from buying houses, mainly because they were worried that there would be a large number of outsiders and too large a buying order, which would increase the pressure on housing prices. On the one hand, in order to achieve the synchronous guidance of industry and population, and to achieve the integration of industry and city, and the balance between jobs and housing.
Earlier this month, Shanghai's Qingpu and Fengxian districts also issued policies to relax restrictions on the purchase of talents.
Yan Yuejin, research director of E-House Research InstituteIt is pointed out that Shanghai's optimization of the purchase restriction policy has formed a gradient policy system with the previous talent housing purchase policy. Key areas such as the Lingang New Area of the Free Trade Zone, Qingpu New Town, Fengxian New Town, and Jinshan South Transformation will continue to implement the policies that have been introduced to better talents to live and purchase houses, and they can buy houses after paying social security or individual income tax for three years.
Suzhou's policy is stronger. According to the latest news, Suzhou City has completely canceled the housing purchase restriction policy and will no longer do the qualification review for house purchases. In September last year, Suzhou lifted the purchase restriction policy for houses over 120 square meters.
Jin Ke, senior analyst of the Suzhou Branch of the China Index Research Institutesaid 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. The purchase restriction policy has now been fully withdrawn from the signal.
At the January 26 meeting of the Ministry of Housing and Urban-Rural Development on the deployment of the urban real estate financing coordination mechanism, the Ministry of Housing and Urban-Rural Development emphasized that the autonomy of urban real estate regulation and control is fully given, and cities can adjust real estate policies according to local conditions. Guangzhou, Shanghai, and Suzhou all made adjustments to 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 property market in various places has no longer exceeded the previous situation of short supply and housing prices, and real estate transaction volume and housing prices have entered the adjustment stage. In order to adapt to this major change, all localities naturally need to adjust the strict and tight policies implemented during the period of overheated markets. One of the most representative policies is the purchase limit.
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 first- and second-tier cities. Zhang Dawei, chief analyst of Centaline Real EstateEchoing the market situation, at most, more than 100 cities across the country implemented the housing purchase restriction policy. Supporting the household registration policy, the strict implementation of the housing purchase restriction order has become an important policy means of demand-side regulation.
Among the first-tier cities, Shanghai and Guangzhou have optimized and adjusted the purchase restriction policy, will Beijing 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 remove 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 for large-area sections, and optimize the purchase restriction in accordance with the way of implementing policies according to the region and needs; Core second-tier cities are expected to fully lift purchase restrictions.
Local real estate policies have entered a period of intensive adjustment. Yan Yuejin believes that the complete cancellation of purchase restrictions in Suzhou and other cities means that 2024 is an important year for the full relaxation of purchase restrictions, which is different from the logic of previous partial relaxation. This is an important signal released by the recent property market policy.
*: The country is a through train.
Editor: Gao Yanjiao.
Editor-in-charge: Wei Xi.