On March 1st, the General Office of Zhengzhou Municipal People's Government of Henan Province issued the Notice on Promoting the Benign Cycle and Healthy Development of the Real Estate Industry (hereinafter referred to as the Notice). The Notice is divided into five parts, which put forward 19 measures to promote the virtuous circle and healthy development of Zhengzhou real estate industry from five aspects: supporting reasonable housing demand, improving housing market supply, increasing credit financing support, promoting the construction and transformation of resettlement houses, and optimizing the real estate market environment.

Among them, many measures, such as meeting the needs of home-based care for the aged, supporting residents' demand for improved housing, and reducing personal housing consumption burden, have attracted much attention.

specifically, in terms of supporting reasonable housing demand, the circular proposes that in order to meet the needs of home-based care for the elderly, if children and close relatives work and live in Zheng, the elderly should be encouraged to come to visit relatives in Zheng to support the elderly, and they should be allowed to buy a new house with their families. Strengthen the aging design of new residential areas, carry out aging transformation of old residential areas, and give certain subsidies to those who implement aging transformation.

Yan Yuejin, research director of the think tank center of Yiju Research Institute, said that the policy shows that Zhengzhou has taken the lead in relaxing the purchase restriction policy, which stipulates that if children and close relatives work and live in Zhengzhou, the elderly are encouraged to come to visit relatives in Zhengzhou to support the elderly and are allowed to buy a new house with their families. This provision actually cancels the restriction on purchase, that is, the elderly can buy a new set of housing when they rely on their families, which is unconditional and increases the number of units that such families can buy.

In terms of supporting residents' demand for improved housing, the Notice mentioned that residents who sell small and buy big and old and buy new due to the increase of family population and the improvement of income conditions can provide convenience in personal mortgage, online signing and real estate registration procedures within the number of family purchase restrictions.

Another point worthy of attention is that the Notice proposes to reduce the personal housing consumption burden. Guide financial institutions in Zhengzhou to increase the supply of personal housing mortgage loans and lower the interest rate of housing loans. For families who own a house and have settled the corresponding housing loan, in order to improve their living conditions, they apply for loans to buy ordinary commercial housing again, and banking financial institutions implement the first home loan policy.

Yan Yuejin believes that this policy actually cancels the policy of "recognizing the house and recognizing the loan" for improved housing, that is, it is no longer necessary to see whether there is a first suite. If the loan is paid off, the loan will follow the first suite process. This is equivalent to relaxing the standard of restricting loans, so that such groups can purchase houses according to the first set of proportions, which actually reduces the down payment ratio of buying houses. It can also be seen that Zhengzhou has given a lot of supportive policies to the demand for improved housing, which is also in line with the mainstream policies in the current housing market, that is, to guarantee the just-needed, support the improvement, and the subsequent large-sized transactions are bound to accelerate, which also has a positive effect on the project destocking of housing enterprises.

RealData also pointed out that this policy explicitly cancels the "recognizing the house and recognizing the loan", which will substantially reduce the cost of buying houses, stimulate the release of the demand for changing houses, and speed up the bottom repair of Zhengzhou market. Zhengzhou has also become the first city to cancel the "recognizing the house and recognizing the loan".

in terms of improving market supply, the notice mentioned that the minimum proportion of land auction deposit will be reduced to 2% of the listing price, and the land transfer fee can be paid in installments within one year after the transaction.

Wang Xiaoqin, the head of Zhuge Housing Search Data Research Center, thinks that the notice mentions that the deposit ratio of land auction will be lowered to 2%, and the rest will be paid in installments within one year. In addition, the policy clearly speeds up the pace of project start-up and sales, simplifies the examination and approval procedures, and controls the examination and approval time of engineering construction projects to 54 days. This policy reduces the financial pressure on housing enterprises to take land and accelerates the growth rate of housing enterprises to start sales, which is beneficial to housing enterprises and real estate.

Pan Hao, a senior analyst in RealData, pointed out that Zheng's 19 articles are mainly characterized by demand-side encouragement, supply-side acceleration, enterprise-side stability and implementation-side standardization. Under the double influence of epidemic and flood in Zhengzhou city last year, the real estate market and enterprises also suffered great pressure. The introduction of Zheng 19 will help to stabilize the market in an all-round way, promote reasonable demand to enter the market and ensure the stability of corporate cash flow. Among them, the definition of reasonable housing demand and support methods have been clearly expounded, which has strong operability.

according to the monitoring data of Zhuge Housing Search Data Research Center, in January 222, 6,686 new houses were sold in Zhengzhou, down 3.7% from December, and 3,561 second-hand houses were sold, down 29% from the previous month and down 18.1% from the same period last year. This policy is necessary for Zhengzhou.

Pan Hao believes that Zhengzhou, as the core city of Central Plains urban agglomeration, has reference significance for other cities. Since the beginning of the year, the policies on the property market in various cities have been released intensively, and they are transitioning from low-level cities to high-level cities. The whole national real estate market is also in the process of bottoming out. It is expected that the property market "Xiaoyangchun" will have the conditions to appear in many places.

The following is the Notice of the General Office of Zhengzhou Municipal People's Government on Promoting the Benign Cycle and Healthy Development of the Real Estate Industry

Administrative Committees of various development zones, people's governments of all districts, counties (cities), departments of the Municipal People's Government and relevant units:

In order to implement the decision-making arrangements of the CPC Central Committee, the State Council, the provincial party committee and the provincial government, we will adhere to the positioning that "houses are for living, not for speculation" and implement the long-term real estate mechanism according to the city's policy. To achieve the goal of "stabilizing land prices, housing prices and expectations" and promote the virtuous circle and healthy development of the real estate industry, the relevant matters are hereby notified as follows:

1. Supporting reasonable housing demand

(1) Ensuring college students to live in Zheng 'an. For doctoral students, master students, undergraduate graduates (technicians in technical colleges) and junior college graduates (senior workers in technical colleges) who start their own businesses in Zheng, eligible ones can buy * * * property houses, and those who buy commercial houses are given housing subsidies according to the policy. For those who meet the requirements to provide affordable rental housing before buying a house for college students who are employed in Zheng's pioneering work, a certain area subsidy can be given to those who rent market-oriented rental housing, and the preferential period is 3 years.

(2) provide convenience for migrant workers to buy homes. Migrant workers who pay the housing provident fund in Zhengzhou can apply for the housing provident fund withdrawal business according to the same conditions of the employees who pay the housing provident fund in this city. When buying a house in Zhengzhou, they can apply for a housing provident fund loan according to the same conditions of the employees who pay the housing provident fund in this city.

(3) meet the needs of home-based care for the aged.

If children and close relatives work and live in Zhengzhou, the elderly are encouraged to come to visit relatives in Zhengzhou to support the elderly, and they are allowed to buy a new house with their families.

strengthen the aging design for new residential areas, carry out aging transformation for old residential areas, and give some subsidies to those who implement aging transformation.

(4) Support residents' demand for improved housing. Residents who sell small and buy big, sell old and buy new because of the increase of family population and the improvement of income conditions can provide convenience in personal mortgage, online signing and real estate registration procedures within the family purchase restriction.

second, improve the housing market supply

(e) stabilize the pace of residential land supply. According to the cycle of commercial housing in each district, the supply of new residential land is reasonably determined to ensure the balance between supply and demand of commercial housing. When the decontamination period is less than 18 months, moderately increase the supply of residential land; When the decontamination period is more than 18 months, the supply of residential land will be moderately reduced. The minimum proportion of land auction deposit is reduced to 2% of the listing price, and the land transfer fee can be paid in installments within 1 year after the transaction.

(6) improve the linkage mechanism between housing prices and land prices. The land transfer policy of "limited house price and competitive land price" shall be implemented for the transfer of residential land. For the plots supplied by "limited house price and competitive land price", the determined house sales price shall be written into the land transfer contract. When housing is sold, the sales price of commodity housing shall not exceed the determined sales price for the record.

(7) Strictly implement the house pre-sale system. In accordance with the requirements of the "Second, Third and Fifth" pre-sale image progress stipulated in the Measures for the Administration of Commercial Housing Sales in Zhengzhou City, the pre-sale permit shall be handled, the relevant policies of allowing real estate enterprises to pre-sell "plus or minus zero" during the COVID-19 epidemic period shall be cancelled, and the supervision system of pre-sale funds for commercial housing in Zhengzhou City shall be strictly implemented.

(8) accelerate the pace of project commencement and sales. Streamline the approval procedures of construction projects, control the approval time of the whole process of construction projects within 54 days, implement scientific and accurate dust prevention and control measures and epidemic prevention and control measures, and increase the effective construction days. Real estate development projects that have been mortgaged for land or projects under construction may go through the formalities for examination and approval of pre-sale permit of commercial housing, unless otherwise agreed by the parties. Before the actual online sales of commercial housing, the relevant housing should go through the mortgage cancellation procedures.

(9) Improve public facilities and infrastructure. Optimize the supporting facilities of commercial housing projects, and fill the shortcomings of public facilities and infrastructure in various industrial clusters, 32 core sectors, small and micro industrial parks, creative spaces, incubators and other industrial development areas, by increasing high-quality degrees, building medical circles, improving transportation and other measures; For projects that have not started, increase the supply of supporting facilities such as education, medical care and transportation, so as to ensure the synchronous delivery of public facilities and infrastructure construction.

(1) improve the quality of commercial housing. We will implement the Regulations on Green Buildings in Henan Province, strictly examine and approve projects with high volume ratio and low green space ratio, give policy support to low volume ratio, high green space ratio, environmental protection and energy conservation, and three-dimensional ecological buildings, raise the sales price limit by a certain percentage, and gradually increase the supply of high-quality housing.

Third, increase credit financing support

(11) Give enterprise project loan support. Organize bank-enterprise docking on a regular basis, encourage financial institutions to extend and renew loans to troubled enterprises, increase loan support for mergers and acquisitions of real estate enterprises in accordance with the principles of compliance with laws and regulations, controllable risks and sustainable business, and effectively alleviate the operating pressure of the capital chain of market entities.

(12) reduce the personal housing consumption burden. Guide financial institutions in Zhengzhou to increase the personal housing mortgage loan, and

lower the housing loan interest rate. For families who own a house and have settled the corresponding housing loan, in order to improve their living conditions, they apply for loans to buy ordinary commercial housing again, and banking financial institutions implement the first home loan policy.

(XIII) Promote cooperation in credit support. Financial institutions that support development loans and reduce personal mortgage interest rates will be given priority support in terms of new government financial deposits and fund accounts.

IV. Promoting the construction and transformation of resettlement houses

(14) Implementing monetized resettlement. The implementation of resettlement housing construction for three years, combined with the real estate market situation, adhere to the monetary resettlement. For resettlement houses that have not started construction, the demolition people are encouraged to choose monetized resettlement.

(15) Promote the transformation of resettlement houses. For the houses that are not occupied by the people in the resettlement houses that have been built, the government will buy back and rent back, and revitalize them into affordable rental housing and * * * property housing.

V. Optimizing the real estate market environment

(16) Regulating the real estate market order. Carry out the rectification of the real estate market order, implement the "double random and one open" inspection, strengthen joint law enforcement, and seriously investigate and deal with illegal acts such as unapproved pre-sale, false propaganda, misappropriation of pre-sale funds, and disguised evasion of regulatory policies. Adhere to the control of the new and the old, eliminate stocks, control increments, and prevent variables, and tackle the problem of real estate.

(XVII) Strengthen the management of the sales price of commercial housing. Strictly implement the pre-sale price filing system for new commercial housing, guide development enterprises to reasonably determine the average selling price and stabilize the price of commercial housing. Organs, institutions and state-owned enterprises are not allowed to organize new housing group purchase and targeted housing development in Zhengzhou.

(18) improve the level of government services and facilitate transactions. Using information means to improve the efficiency of online registration and pre-sale fund supervision of commercial housing, real estate development enterprises will use bank guarantee letters and third-party guarantee letters to offset the pre-sale supervision funds not higher than the amount of the guarantee letter, and implement online registration of commercial housing immediately. Promote the work of "issuing certificates upon delivery" of commercial housing, and increase the proportion of newly started commercial housing projects. Pilot implementation of the new model of "one window acceptance" for four businesses: online signing and filing of stock houses, housing transactions and tax payment, and real estate registration.

(XIX) Strengthen the guidance and control of online public opinion. All online platforms and self-media should accurately interpret the real estate market situation and policies, and correctly guide public opinion and market expectations. Relevant departments should strengthen the release management of online platforms, self-media and other media, and severely crack down on publishing false information, malicious speculation, rendering panic, misleading market expectations and disrupting market order.