A number of mainland property market policies have been launched intensively, and all of them have been relaxed to varying degrees
The General Office of the State Council and others announced on Wednesday that in order to promote population mobility, the restrictions on the settlement of cities with less than 3 million permanent residents in the urban areas have been lifted, and the conditions for the settlement of large cities with 3 to 5 million permanent residents in the urban areas have been relaxed. Relevant policies are favorable for housing purchase in third- and fourth-tier cities.
Many cities and towns in the Mainland have relaxed the regulation of the property market
50% off for professionals in Wenzhou
On the same day, Wenzhou City, Zhejiang Province issued the “Implementation Measures for the Simultaneous Implementation of Renting and Selling of Talented Housing in Wenzhou City”. Qualified talents can buy housing for as low as 50%, and rented buildings can be as low as 30%. Compared with the “Wenzhou New Talent 40 Policy” introduced last year, this new policy has expanded the scope of beneficiaries and preferential treatment.
In addition, Nantong City, Jiangsu Province also announced on Wednesday that in order to curb real estate speculation, restrictions on transfers of newly built low-cost residential properties will be implemented. New urban residential housing projects with sales prices significantly lower than similar products in surrounding areas will be required. Starting from today, the registration can be transferred after five years, and the sale is prohibited for five years in disguise.
Overview of Mainland property market regulation this week
In fact, the authorities’ measures to relax restrictions on talent purchases are common. In the second half of this year, cities such as Foshan, Chengdu, Nanjing, and Zhongshan all relaxed local purchase restrictions due to talent retention plans.
Brokerage firm Dahua pointed out that the Mainland currently has increased flexibility in regulations. It is expected that the policies for cities in the next few months, especially the talent retention policy, will be adopted in third- and fourth-tier cities with a high rate, stimulating the current negative growth in housing sales. . Another big bank, McGregor, expects the authorities to make fine-tunings on policies such as purchase restrictions and price limits.
The main policy stability in the coming year
However, both of the above-mentioned banks believe that the overall property market regulation will remain stable next year. The authorities will continue to focus on stability and adhere to the general direction of “no housing or speculation.” I believe that there will be no national easing or tightening measures.
In addition, according to mainland media reports, it is reported that more than one general manager of Vanke Enterprise (02202) conducted regional internal transfers, involving 14 cities, covering northern, southern and Shanghai regions, and it will take effect on January 1 next year.