Following the adjustment policies of underground development in Changsha, Qingdao and Xiamen, Nanjing also ushered in new regulations on the supervision of pre-sale funds!
On April 14, the reporter of China Securities Journal confirmed to relevant people that recently, Nanjing housing security and real estate bureau and the business management department of Nanjing Branch of the people's Bank of China jointly issued the notice on the pilot use of bank guarantee for the supervision of commercial housing pre-sale funds, which will be put on trial for one year from the date of printing and distributing.
As for the policy adjustment in Nanjing, yanyuejin, research director of the think tank center of E-House Research Institute, said that the core point of the policy is the pilot use of bank guarantee for the supervision of pre-sale funds of commercial housing. Generally speaking, banks can provide guarantees, and then real estate enterprises can withdraw the pre-sale funds. In other words, in the past, the control of pre-sale fund supervision account was relatively strict, and the sales funds of some real estate enterprises could not be withdrawn casually. Now there are channels that can be extracted, which can alleviate the financial pressure.
no more than 60% of the pre-sale fund supervision limit
The document said that the background of the notice is to gradually establish a classified supervision mechanism for commercial housing pre-sale funds, improve the use efficiency of pre-sale funds, ensure the use of pre-sale funds for engineering construction, and promote the steady and healthy development of Nanjing real estate market.
According to the new regulations of Nanjing, real estate development enterprises can replace the regulatory funds in the pre-sale fund regulatory account of new commercial houses in the same amount with the letter of guarantee issued by the bank. In case of claim, the regulatory bank shall start the claim according to the written claim document issued by the regulatory authority, and the bank issuing the letter of guarantee shall deposit the claim funds into the regulatory account or designated account.
After the development enterprise applies for the replacement of the equivalent capital guarantee, the balance within the regulatory limit of the pre-sale capital account must meet the construction capital demand of the project in the next one year; In addition, the replacement fund of the letter of guarantee shall not exceed 60% of the supervision limit of the pre-sale fund of the project.
In terms of handling progress, for projects pre approved by relevant banks, the development enterprise shall submit the application form of project guarantee intention and supplementary agreement on capital supervision to the regulatory authority, which shall generally complete the review within 5 working days; If it is approved, the supplementary agreement on capital supervision provided by the development enterprise shall be confirmed. The supplementary agreement on capital supervision includes the basic contents of the letter of guarantee as the basis for the follow-up work of the bank issuing the letter of guarantee.
The notice requires that after receiving the notice of issuing the bank guarantee, the regulatory authority shall complete the corresponding filing procedures, and the fund regulatory bank shall generally handle the corresponding amount guarantee fund allocation procedures for the development enterprise within 3 working days.
multi city adjustment of pre-sale fund supervision policy
Since mid March, Changsha, Qingdao, Xiamen and other key cities have issued regulatory adjustment policies for pre-sale funds.
On March 16, Changsha housing transaction management center issued the notice on the online operation of Changsha commercial housing pre-sale fund supervision system. It is clear that the pre-sale fund supervision system of new commercial housing in five districts of Changsha will be upgraded in the near future, including deposit, down payment, mortgage, installment payment, provident fund loan and other pre-sale funds of new commercial housing, which must be fully deposited into the special account for pre-sale fund supervision.
Changsha requires that the pre-sale funds of newly-built commercial housing shall be transferred to the special account for supervision of pre-sale funds corresponding to each project immediately after the funds are cleared through the special account for unified pre-sale funds clearing. Under normal circumstances, after the pre-sale funds arrive at the special clearing account, they will be transferred to the special account for supervision of pre-sale funds corresponding to the project on the same day. The opening bank of each special account for the supervision of pre-sale funds shall carefully review the flow of pre-sale funds, and timely clean up and return unknown funds. In principle, the special account for the supervision of pre-sale funds is only allowed to receive house purchase funds.
On March 17, Qingdao Municipal Bureau of housing and urban rural development issued the notice on further regulating the supervision of commercial housing pre-sale funds in Qingdao (Exposure Draft), which further standardized the supervision and management of commercial housing pre-sale funds, ensured that the pre-sale funds were used for the construction of commercial housing projects, ensured the safety of funds, optimized the business environment, safeguarded the legitimate rights and interests of both parties of commercial housing transactions, and promoted the steady and healthy development of the real estate market.
According to the exposure draft of Qingdao, the amount of regulatory funds is expected to cover the funds required for the completion and delivery of the project. The pre-sale fund supervision shall set corresponding control nodes according to the project construction progress. The retention ratio of control nodes and supervision funds is: when the number of completed floors reaches half of the total number of planned floors, the retention ratio of supervision funds is 60%; When the main structure is capped and the main structure project quality acceptance report is obtained, the retention proportion of regulatory funds is 30%; When the completion acceptance of a single building is qualified and the record form for completion acceptance of housing construction projects is obtained, the retention proportion of regulatory funds is 15%; The supervision shall be terminated after the project goes through the cash sale filing or first registration of commercial houses and deposits the first phase of special housing maintenance funds according to the regulations. According to the credit evaluation results of real estate development enterprises, the retention ratio of commercial housing pre-sale supervision funds shall be appropriately reduced for enterprises with higher grades.
On April 6, Xiamen housing security and Housing Administration Bureau issued a notice on matters related to clarifying the initial amount of pre-sale retained funds and the amount of subsequent retained funds: the initial amount of pre-sale retained funds in the pre-sale fund supervision account is calculated as 120% of the total construction price of the pre-sale project (including 20% of the total construction cost of the project).
Xiamen stipulates that the subsequent amount of retained funds shall be determined according to the following project progress: if more than one quarter of the main structure project is completed, the amount of retained funds shall be 75% of the initial amount of retained funds; If more than half of the main structure works are completed, the amount of retained funds is 50% of the initial amount of retained funds; If the main structure is capped, the amount of retained funds is 25% of the initial amount of retained funds; If the facade construction is completed, the amount of retained funds is 15% of the initial amount of retained funds; Upon completion of the project, the amount of retained funds shall be 5% of the initial amount of retained funds.
