After Zhengzhou, Harbin and Lanzhou, Kunming has also joined the ranks of property market policy optimization.
On the 16th, the Kunming Municipal People's government issued the opinions on promoting the stabilization of land price and house price in the real estate market (hereinafter referred to as the "opinions"), which gave a positive signal to the market from eight aspects: accelerating the deregulation of commercial and commercial housing, alleviating the difficulties of real estate development enterprises during the epidemic, encouraging relocation and resettlement in various ways, optimizing housing financial services, and effectively preventing and resolving the risks of the real estate market.
In order to accelerate the release of reasonable demand for house purchase, the opinions put forward to optimize housing financial policies and strengthen monetization resettlement.
The opinion said that we should implement differentiated housing credit policies, continue to optimize housing financial services, and better meet the reasonable credit needs of home buyers.
First finance learned from a number of commercial banks in Kunming that as early as early February this year, the credit policy of the local real estate market had been relaxed. For high-quality customers with good credit investigation and stable income, the down payment ratio of the first house could be reduced from 25% and 30% to 20%.
The opinion further clarified that "reduce the proportion of down payment for the purchase of two sets of housing".
In addition to commercial loans, the opinion also said that we should increase the support of the housing provident fund for the reasonable purchase needs of first homes and improved housing, and moderately increase the loan amount of the housing provident fund.
The monetized resettlement of shed reform is an effective means to boost the demand of the real estate market in the short term. Pressure cities such as Zhengzhou and Nanning have made arrangements for this in the recent new real estate market policy. The opinions released by Kunming this time also made it clear that various ways of relocation and resettlement are encouraged.
According to the opinions, on the basis of the willingness of the relocated people and the community, the territorial Government (Management Committee) shall actively guide, coordinate the relocation and resettlement needs of urban renewal and reconstruction projects and the de reality of commercial and commercial housing, broaden the resettlement channels and methods, and make use of the completed commercial and commercial housing for equal value resettlement according to the principle of equal value replacement, which can be appropriately rewarded and supplemented. The specific area award and subsidy standards shall be studied and formulated by the territorial Government (Management Committee).
"This means that the de commercialization of commercial housing has been put in the first place." Zhang Qingxian, senior analyst of Kunming company of China Index Research Institute, believes that by strengthening monetized resettlement and combining the people's resettlement needs with the deregulation of commercial and commercial housing, it is conducive to promoting the deregulation of commercial and commercial housing while increasing the efficiency of resettlement.
The surplus of "commercial housing" is a remarkable feature of Kunming real estate market. "We should study and introduce support policies for de stocking and multi-functional utilization of commercial real estate." The notice on printing and Distributing Several Policies and measures for steady growth in 2022 issued by Kunming Municipal People's Government on April 8 once pointed out.
Shenzhen Worldunion Group Incorporated(002285) relevant research reports show that due to a large number of land sales in Kunming in the past few years, superimposed on the impact of the epidemic, and the ebb tide of investors in cultural tourism, the current inventory of commercial and commercial houses in Kunming is much higher than its digestion capacity. In addition, according to the data of China Index Research Institute, as of March 2022, the stock of commercial and commercial housing market in Kunming has reached 11.65 million square meters, the decontamination cycle has exceeded 90 months, the inventory is high, and the decontamination pressure is great.
However, it is worth noting that the opinions did not point out the specific objectives of the monetary resettlement policy, the specific amount of provident fund loans and the down payment ratio of the second house. In this regard, Zhang Qingxian expects that relevant departments may subsequently launch specific implementation rules of relevant policies.
In addition to activating the reasonable housing demand, the Opinions also put forward a package of new policies for the relief of real estate enterprises from the supply side.
Affected by both the epidemic situation and the tightening of regulation, the property market in Kunming, which already has a contradiction between supply and demand, has been seriously down since 2021. According to institutional data, the supply area of commercial housing in Kunming reached 11.9 million square meters in that year, a year-on-year decrease of about 26% in 2020; The transaction area was 10.68 million square meters, a year-on-year decrease of about 22% in 2020; The overall transaction amount is about 125 billion yuan, a year-on-year decrease of about 27% compared with 2020, and the average price is 11711 yuan / m2, a year-on-year decrease of about 7%.
In order to help the enterprise overcome the difficulties, the opinion said that the payment of land transfer price from June 1, 2021 to December 31, 2022 can be postponed for 60 days; Optimize the way of government business services, and get the certificate immediately when you get the land. Real estate enterprises do not need to submit another application; A real estate development enterprise may use a bank guarantee payable on demand to replace the deposit for the construction of schools, roads and other public facilities or the performance bond for the integration of sporadic land use.
At the same time, in order to prevent problems such as developers running away and uncompleted projects, and effectively prevent and resolve risks in the real estate market, the Opinions also proposed to establish and improve the "government hospital linkage" mechanism for the preservation and implementation of commercial housing pre-sale funds, further improve the pre-sale fund supervision system, and seriously investigate and deal with real estate development enterprises and banking institutions that fail to comply with the provisions of the commercial housing pre-sale fund supervision policy.
In a reply letter issued by Kunming housing and Urban Rural Development Bureau in December 2021, it was mentioned that there were 112 uncompleted residential buildings included in the provincial coordination mechanism office in Kunming, accounting for 1/3 of the province According to the data of Yunnan Provincial Department of housing and urban rural development, there are 334 uncompleted residential buildings in Yunnan Province as of December 31, 2021.
Zhang Qingxian, "improving the supervision mechanism of pre-sale funds" is not only out of the need to prevent and resolve the risks of the property market in the downward period of the property market, but also based on the characteristics of the property market in Kunming. "However, the Opinions also do not specify the specific amount of supervision of commercial housing pre-sale funds, which still needs to be guided by specific rules in the future.".
