Around "the five ones" there was a lot of good policies in the real estate market, and on the first trading day after that, the a share market estate was active。
On 6 may, wuhan and shenzhen launched a new policy to optimize house purchases, introducing new models for “selling old and buy new” “buy for new” transactions. According to statistics, to date, over 50 municipalities have followed the “old-for-new” model of housing, stimulating the demand for replacements。
What are the best innovations in the new trading model compared to “old-for-new”? What impact does it have on the real estate market? “this time in shenzhen, with the greatest policy easing on the acquisition of second-hand houses by housing companies, has objectively built up the stock of second-hand and new houses.” the director general of research of the institute for evictions went on a long way to interview a reporter from taihu。
Wuhan has introduced the sale of old and new goods, and some of them can apply for up to $100,000 in consumer coupons
On 6 may, the department of housing security and housing administration of wuhan, among others, issued the circular on measures for the further optimization of development policies for the sound health of the city's real estate market (hereinafter referred to as the circular), in which it explicitly introduced a new model of “selling old and new” transactions, encouraging a tripartite association of real estate development enterprises, real estate brokers and purchasers to “sell first” old houses and “good buys” new ones。
As mentioned in the circular, before 31 december 2024, families who sold their own homes and purchased new commercial housing within six months, or sold their own housing within 12 months of the purchase of the new commercial housing, were subsidized by the financial authorities of the district where the new commercial housing was purchased with 1 per cent of the tax price paid for vat on the sale of their own home. During the same period, purchasers of housing for specific commodities in the new urban area can apply for a purchase voucher of $50,000 to $100,000 for the purchase of a dwelling, which is directly offset by the withholding of housing。
The term “old-for-new housing” means that the purchaser locks down the new home and then sells it by an intermediary or acquires it directly by an enterprise or a third party. The local government may provide an allowance or tax relief。
In addition to wuhan's promotion of “sold new house” subsidies for the purchase of new house, there are two ways: after the purchaser has made a down payment for the new house, the broker has listed the new house for sale, the new house contract has entered into force within a certain period of time, and the new house deposit has been refunded, for example, by shanghai promoters and developers to sign an agreement with the developer, and the intermediary union has given priority to accelerating the trade in the old house; and the state enterprise or other third party has purchased the old house, and the sale of the house has been used for the purchase of new house in the respective project, such as the zhengzhou city development group ltd., which was designated by the zhengzhou municipality as the purchaser。
As of 26 april, zhengzhou's second-hand housing market had been further activated by the fact that, as of 26 april, 194 housing units and 27 housing units eligible for purchase had been opened。
“wuhan’s ‘old-for-new’ policy has been replaced by an order that allows for the purchase of new houses on a preferential basis, followed by the subsequent sale of new houses, with first-size-size-fits-all concessions, reducing the costs associated with those who want to ‘sell old-school’ new houses.” this policy is considered to be worth promoting。
More than 50 city push houses are "old for new" and shenzhen supports the purchase of second-hand houses
To date, more than 50 cities have followed the “old for new” model and front-line cities have begun to join the camp。
Shenzhen officials recently announced a list of 13 “old-for-new” real estate projects, carried out “breeding-in” activities, and encouraged real estate development enterprises and intermediaries to sign agreements involving “break-out protection periods” with residents who planned to sell second-hand commodity houses and purchase new ones, in order to reduce the risk of rehousing。
On the evening of 6 may, shenzhen re-opened the new deal and proposed a new model for housing companies. The office of housing and construction in shenzhen has issued a circular on the further optimization of real estate policy (hereinafter referred to as " the circular " ) to support real estate development enterprises with development projects in shenzhen city, as well as the relevant real estate intermediaries, in the “back and back” and “new and old” work on commercial housing. For real estate development enterprises that “back and back” are implemented, the acquisition of old houses for replacements is not subject to shenzhen policy on the purchase of housing by corporate entities such as enterprise units and social organizations。
“this is the first time that the shenzhen local government has come forward to support `old-for-new', which was promoted by intermediaries and industry associations, but with little effect.” li yuja, the chief researcher of the centre for housing policy studies of the city school of the guangdong province, informed journalists that, according to his knowledge, a “old for new” project had been signed, with 20 owners planning to participate, but the second-hand room had not yet been sold. “the difficulty of selling a house, the long-term nature of the house, is the greatest problem.”
This time shenzhen began the country with the word “receiving old and new.” although jiangsuyan state had mentioned the acquisition of second-hand houses in the “old for new” model, shenzhen made the most policy easing with regard to second-hand houses. “to some extent, both stocks of houses have been taken up, i. E. The owner's second-hand home and the owner's new home stock”
The circular also mentions that the shenzhen city housing provident fund management centre will provide home-trading services, optimize the “hand over” process for commercial housing and improve the ease of real estate transactions. In his view, the move would accelerate the “old-for-news” and he suggested that the housing sector work with the financial sector to promote efficiency, while encouraging developers (especially industry associations) to reduce prices, produce quality housing sources, encourage owners to sell at reduced prices, compensate for discounts on new housing, and increase support for taxes, fees and financial deductions。
Shenzhen relaxed the purchase of a 7th district, and non-inhabited households could buy a house for one year
Since the end of april, successive release policies in beijing, shanghai, shenzhen, chengdu, tianjin, nanjing, etc. Have been beneficial in optimizing the restrictive purchase policy, encouraging “old for new”, although the trade in new houses in the “five ones” vacation buildings remains low and the market is expected to improve after the holidays。
According to the data, the average daily sales area of 22 new houses representing the city during this year's “five ones” leave fell by more than 40 per cent compared to the 2023 leave, about 70 per cent of the 2019 leave level. It is worth mentioning, however, that there has been a marked increase in the number of visits to selected quality projects in beijing, guangzhou and shenzhen。
On 30 april, the beijing municipal housing commission issued a communication stating that, on the basis of the implementation of the existing housing-requirement policy, households with already-owned dwellings up to the limited number of apartments would be allowed to purchase a new housing unit outside the five rings. Indeed, the “five ones” leave, with an overall increase of around 20 per cent in the total number of visits to the typical five exterior buildings in beijing, is expected to show further policy effects after the festival。
During the “five-one” period, the major housing companies increased their promotion efforts to attract home buyers to take advantage of the holiday period. According to the data of the central institute, from 1 to 5 may, a total of 188 units/192,000 m2 were opened in shenzhen and 44 units/0. 39 million m2 in used rooms. Since the specific implementing rules for shenzhen's “old for new” activities had not previously been published, the market was not yet visible during the leave period。
This time, not only did shenzhen write in favour of “old-for-new” and optimizing the “hand-over” process for commercial housing, but it also optimized the policy of limiting the purchase of housing in parts of the region for deep-staff workers and families with many children, such as reducing the length of social security contributions in non-core areas from three years to one year, increasing the number of housing places for families with many children living in deep-market households, easing the policy of enterprise purchases, etc., which, in the view of a drastic leap forward, would significantly increase the chances of buying housing in non-core areas。
“the shenzhen new deal, which is largely in line with the kyoto strategy, is not merely to remove stocks, but to combine stock digestion with incremental digestion, with new citizens and young people buying housing, integrating them into the city and finding employment.” according to li, the purchasing power of deep-fielders is slightly lower than that of residents of shenzhen city, in terms of purchasing power。
