At present, the reduction of restrictive measures has become the focus of local property market policies. Since August, Beijing, Shanghai, and Suzhou have successively optimized restrictive measures for the real estate market, making efforts from the perspective of adjusting or canceling restrictive measures to consolidate the trend of stabilizing the real estate market. In order to promote the consumption of bulk commodities such as housing, activate domestic demand and consumer markets, various regions are sorting out local policy measures and lifting policy restrictions on housing consumption. ”Li Yujia, Chief Researcher of Guangdong Provincial Housing Policy Research Center, analyzed in an interview with reporters that the increasing intensity of "tailored policies for different districts" is also one of the characteristics of recent real estate policies in various regions. Various regions are focusing on areas where prices are decreasing rapidly, second-hand housing listings are high, and new housing sales are slow. Through the above measures, targeted guidance is provided to meet the demand for home purchases. The reporter noticed that both Beijing and Shanghai have implemented targeted relaxation of purchase restrictions based on their respective districts. On August 8th, the Beijing Municipal Commission of Housing and Urban Rural Development and other departments issued a notice on further optimizing and adjusting the city's real estate related policies, which stated that "resident families who meet the conditions for purchasing commercial housing in this city are not limited to the number of units they can purchase outside the Fifth Ring Road. The Shanghai Municipal Commission of Housing and Urban Rural Development and six other departments issued a notice on August 25th regarding the optimization and adjustment of real estate policies and measures in this city (hereinafter referred to as the "Notice"), which clearly states that "eligible households are not limited to the number of units they can purchase outside the outer ring road". On August 26th, Suzhou lifted the restriction that new commercial housing within its urban area can only be transferred after obtaining a real estate registration certificate for at least 2 years (except for housing with special transfer restrictions). Jin Ke, senior analyst at the Suzhou branch of the Zhongzhi Research Institute, stated that as an important city in the Yangtze River Delta, the lifting of housing sales restrictions in Suzhou will help improve the liquidity of the real estate market, better support residents' demand for improved housing such as "exchanging small for large" and "exchanging old for new", further promote a reasonable match between supply and demand, and also enhance market vitality, promoting a virtuous cycle and healthy development of the real estate industry. Previously, the 9th plenary session of the State Council held on August 18th called for a "multi pronged approach to release improvement needs". Various regions have reduced restrictive measures to provide assistance in releasing demand for improved housing. The existing transfer restrictions have to some extent constrained the improvement of residents' housing conditions. ”Yan Yuejin, Vice President of Shanghai E-house Real Estate Research Institute, stated that lifting restrictive conditions will effectively stimulate market vitality and inject new impetus into the real estate market. Li Yujia stated that currently, the demand for residential housing has shifted from "whether it is available" to "whether it is good or not", and the demand for improved housing has begun to increase. In the current situation of significant changes in supply and demand, the demand for improved housing needs to be "sold first and then bought" in order to achieve improvement. Policies that focus on the buying and selling cycle can not only meet demand, but also promote market circulation, thereby achieving a rebound from decline. After the lifting of sales restrictions, policies can further encourage listing, promote the prosperity of supply and sales, and promote a virtuous cycle of new and second-hand housing, rigid demand, and improvement demand. ”Li Yujia suggested. (New Society)
Edit:Yao jue Responsible editor:Xie Tunan
Source:Securities Daily
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