Recently, a number of measures to further promote the smooth and healthy development of the mamyang real estate market (hereinafter referred to as " the measures " ) were considered for adoption at the thirty-seventh ordinary meeting of the municipality and were officially published and implemented on 28 september. The measures are divided into 10 articles dealing with land concessions, increased support from the provident fund, subsidies for house purchases, optimal monitoring of pre-sale funds, and reduction of business costs, among other issues, the focus of attention for home buyers and industries。
New deal
Steady land prices, steady house prices, steady expectations for yingyang city
Improving policies and optimizing the business environment
And to effectively help enterprises alleviate their poverty and implement affirmative action measures
It's better to meet people's legitimate needs
Motivation of the main market
Promoting a virtuous cycle in the real estate market
And health development
What specific changes have been made
The relevant head of the city housing commission is aware of this. Read
I. Optimizing land concessions
In the course of a specific land concession, the city of myeongyang will pay 50 per cent of the price of the land concession within one month of the date of the concession; the balance may be paid in instalments, as agreed, for a maximum period of one year. The specific duration of the contributions will be incorporated into the administration of land concessions。
Ii. Increasing the support capacity of the provident fund degrees
With regard to the level of support for the provident fund, which is of great interest to home buyers, the relevant head of the municipal housing construction commission (ces) explained:
One is to increase the maximum amount of loans to single paid employees
Single-employee families apply for loans under the housing provident fund, the maximum of which has been adjusted from the current level of $400,000 to $500,000, and are eligible for loans under the housing provident fund for the purchase, construction, reconstruction, overhaul of their own homes and “business transfer”。
As a result of this adjustment, the maximum loan lines for the mongyang city single and the double-employee housing provident fund were rmb 500,000 and rmb 700,000 (as adjusted in may), respectively, which were raised by rmb 100,000 to better meet the demand for single-employee and double-employee loans. Housing provident fund loan applications that had been processed by 28 september 2022 were implemented in accordance with the original policy。
Second is the introduction of the family housing provident fund for intergenerational solidarity
Between 28 september 2022 and 30 june 2023, contributions from workers and immediate family members of spouses were allowed to draw from the housing provident fund to help pay down payments and repay the provident fund loans, to further alleviate the down payment and repayment financial pressure on workers' families to purchase the house, and to achieve “one-person home-buying family group”。
Third is the extension of the policy on the use of the relevant provident fund
" measures to promote the smooth and healthy development of the mamyang real estate market " , issued on 13 may by the city of mongyang (2022) in no. 2, the deadline for the implementation of the policy of “adjusting the number of housing units and making new housing available for credit” was 31 december 2022, which was extended to 30 june 2023。
Fourth is the establishment of a sound housing fund mobility mechanism
A new mobility adjustment factor has been added to the current formula for the calculation of the housing provident fund loan line, a timely adjustment of the leverage factor of the housing provident fund loan through the mobility adjustment factor to achieve a “balanced balance” between liquidity control and the loan requirements of the depositors; between 28 september 2022 and 30 june 2023, the mobility adjustment factor was 1. 2, i. E. A 20 per cent increase in the loanable amount of the family provident fund loan for the deposit of workers, up to the maximum of the single- and double-staff loan line。
Iii. Implementation of housing purchase subsidies
The housing subsidy is an important highlight of the new deal. The chief executive of the municipal housing construction commission described the measures as identifying four financial subsidy policies, namely: a tax subsidy for the purchase of property, a subsidy for the purchase of housing by special groups, a subsidy for the purchase of commercial housing and a subsidy for the purchase of parking spaces. The modalities for the implementation of financial subsidies, which are developed by the municipal council for construction of residence in conjunction with the municipal finance bureau, the municipal tax office, the municipal public security bureau and the municipal service for veterans, are: “on publication and implementation, the financial benefits will enter the application stage.” according to the official concerned。
It is stated that the following conditions are required for the declaration of the above-mentioned four benefits:
The first is the purchase of the house between 28 september 2022 and 30 june 2023, which is based on the date of filing of the contract for the purchase of the goods。
The second is that the houses purchased are within the boundaries of the districts of the city, the fairies, the ans and gao xin, the xinjiang, the new zone of the city of technology, and the zhenhai district。
Third is the tax subsidy and the subsidy for the purchase of housing by special groups, in which new goods are purchased; the commercial housing allowance and the parking allowance, in which the purchase of a commercial house or parking space should be the business or parking space for the construction of a new commercial housing project。
Fourth, special groups are persons with family domiciles of rural residents, survivors of active service, veterans and martyrs, survivors of service-related deaths, survivors of illness, first-line medical workers and community workers。
Attention is drawn here to special group housing subsidies and regulations (2022) the multi-child home purchase allowance provided for in document no. 2 provides for a maximum of two supersedings for households that meet several conditions. (for example, if the purchaser is either a veteran, a rural householder or a family with many children, he or she can only add up to two allowances)。
The criteria for financial subsidies for house purchases are as follows:
(i) tax subsidy for the purchase of property. Tax rates vary according to the size of the building area. Of which: full subsidy of less than 90 square metres, 80 per cent of 90 to 144 square metres (excluding) and 50 per cent of more than 144 square metres。
(ii) subsidy for the purchase of housing by special groups. A financial subsidy of $200 per square metre is granted on the basis of the size of the building, not exceeding $20,000 per household。
(iii) subsidy for the purchase of commercial housing. Subsidized at 1. 5 per cent of total housing。
(iv) purchase of parking allowance. A subsidy of up to $3,000 per home is granted to purchasers。
Iv. Links in the division development project
In order to take advantage of the available stock of spaces in the city of amongyang, and in the case of unsold ownership spaces that have been completed and are eligible for delivery for two years, the development enterprise will publish for 60 days a programme for disposal of unsold houses after 1:1 reservation of spaces and for distribution to the owners of unsold spaces in the building area, after priority has been given to meeting the purchase by the owners of the district during the publicity period; after the expiry of the notice, the enterprise may sell the unsold ownership spaces to non-sale owners at no less than a public price。
V. Optimizing the monitoring of pre-sale funds
It was explained that prior to the implementation of the measures, pre-sale funds were allocated on the basis of seven nodes, each of which had a clear drawing line. Following the implementation of the measures, the development enterprise may allocate funds for the use of pre-sale funds in accordance with the actual construction schedule and the volume of work requested and no longer be subject to nodal disbursement restrictions, thus further easing the liquidity pressure on the enterprise. It should be emphasized that, in order for enterprises to enjoy this policy, they must meet the precondition that all pre-sale funds must be allocated to the monitoring account for pre-sale funds; that is, they cannot benefit from this policy if they are diverted from pre-sale funds and have not been required to re-assess them in a timely manner。
In addition, in accordance with the comments made by enterprises at the symposium “optification of the business environment in person”, the measures have adjusted the way in which taxes are regulated to an estimated amount prior to the sale of the house and to the actual amount of the sale。
Vi. Reducing business costs
With regard to efforts to help enterprises alleviate their difficulties, the measures also suggest that real estate development enterprises can commit to the housing sector by extending the payment of municipal infrastructure support fees until the completion of the project. Enterprises with real difficulties in paying the housing fund may apply for a stay of the housing fund, which may be paid at the end of its term, and during the period of the stay, the employees who have made regular withdrawals and applied for loans from the housing fund are not affected by the delay。
The housing sector and the housing provident fund administration will develop implementing regulations to implement the above policy。
Vii. Optimizing housing collection and placement patterns
The head of the municipal housing construction commission made a presentation, which focused on increasing the level of monetized housing. The next step will be led by the municipal housing construction commission, which will be the responsibility of the county (city, district) governments and park management committees to study the development of specific implementation rules. At the same time, new land collection projects in the main urban areas have not, in principle, allowed for the construction of new demolition and resettlement units。
Viii. Increased tax support degrees
Tax arrears and late payments to real estate enterprises can be paid first and then legally. In cases where there are special difficulties and the payment of taxes cannot be made on time, the enterprise, on its application, shall, in accordance with the law, defer the payment of taxes for up to three months. The tax authorities will also actively direct eligible real estate business taxpayers to the vat tax credit refund policy at the end of the year to ensure that tax preferences are fully enjoyed。
Positive development of guaranteed rental housing
The measure proposes to encourage the development of enterprises to convert stock of commodity housing into guaranteed rental housing, and to support state-owned enterprises in transforming market stock of commodity housing or market-free commercial rental housing into secure rental housing by purchasing, renting, joint operation, etc. Support policies for the development of subsidized rental housing in the commercial housing sector。
X. Introduction of the second-hand room transfer
The natural resources and planning department will direct the real estate register to take the lead in conducting a second-hand “take-over” real estate registration pilot to boost the market for second-hand houses. The natural resources and planning sector will also develop specific implementation approaches。
