Beijing, Shanghai, Guangzhou, and Shenzhen have expressed their views on the real estate market. What policies are expected to be implemented?
2023-08-01
In the past week, the real estate market has received intensive policy positive signals. After the Central Political Bureau meeting set the tone of "timely adjustment and optimization of real estate policies", and the Ministry of Housing and Urban Rural Development clarified the direction of policy support, many regions immediately followed suit and took steps to implement it. Beijing, Shenzhen, Guangzhou, and Shanghai, four first tier cities, have successively stepped forward and expressed their opinions. Which cities may benefit from the brewing benefits? What aspects will be covered again? First tier cities have made statements on July 24th, at a meeting of the Central Politburo, it was requested to adjust and optimize real estate policies in a timely manner. As urban policies are implemented, the policy toolbox should be used well to better meet the rigid and improving housing needs of residents, and to promote the stable and healthy development of the real estate market. The Ministry of Housing and Urban Rural Development immediately clarified the direction of policy development: vigorously supporting the demand for rigid and improved housing, further implementing policy measures such as reducing the down payment ratio and loan interest rate for purchasing the first home, reducing the tax and fee for purchasing improved housing, and providing personal housing loans with "no need to subscribe to a house"; Continue to do a good job in ensuring the delivery of buildings, accelerate the delivery of project construction, and effectively safeguard the legitimate rights and interests of the people. The latest statements from first tier cities also revolve around these directions. On the evening of the 29th, the Beijing Municipal Commission of Housing and Urban Rural Development stated that it will adhere to the overall tone of seeking progress while maintaining stability, combine with the actual situation of the Beijing real estate market, and work with relevant departments to quickly implement the work, vigorously support and better meet the rigid and improved housing needs of residents, and promote the stable and healthy development of the Beijing real estate market. On the 30th, the Shenzhen Housing and Urban Rural Development Bureau stated that it will combine the actual situation of the real estate market in Shenzhen, work with relevant departments of the city, central agencies stationed in Shenzhen, and various districts to implement and better meet the rigid and improved housing needs of residents, solidly promote the work of ensuring the delivery of buildings, effectively maintain the order of the real estate market, and promote the stable and healthy development of the real estate market in Shenzhen. On the 30th, the Guangzhou Housing and Urban Rural Development Bureau also stated that it will adhere to the overall tone of seeking progress while maintaining stability, seek truth from facts, and accelerate the implementation. It will launch relevant policies and measures as soon as possible based on the actual situation in Guangzhou, vigorously support and better meet the demand for rigid and improved housing, and promote the stable and healthy development of the Guangzhou real estate market. On the 31st, the Shanghai Municipal Commission of Housing and Urban Rural Development and the Shanghai Housing Management Bureau stated that they will adhere to the overall tone of seeking progress while maintaining stability, fully, accurately, and comprehensively implement the new development concept, implement policies in accordance with the city, support the demand for rigid and improved housing, do a good job in ensuring the delivery of buildings, people's livelihood, and stability, and promote the stable and healthy development of the Shanghai real estate market. According to Yan Yuejin, Chief research officer of E-House Research Institute, first-line cities have followed up in a timely manner, which shows that the expectation of policy easing is becoming clearer and the signal of easing is becoming clearer. This is the first time since 2017 that four first tier cities have made a concentrated statement, indicating a high degree of consistency in policy direction. The expressions in various regions are very similar, especially the expression 'combining with the actual situation in each region'. Therefore, we believe that wherever there is a weakness in market transactions, it is an area where subsequent policies will be relaxed. Especially in reducing the threshold for home purchases, loan costs, and tax costs, it will be a key content for first tier cities to continue to relax Yan Yuejin said. What is in the policy toolbox? In the process of significant changes in the current supply and demand relationship, since adjustments are imminent, the boundaries of loose policies and
Edit：Hou Wenzhe Responsible editor：WeiZe
Source：chinanews.com
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