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The classification and control of the property market began to implement: Lanzhou's first loosening restrictions

Time: 2018-01-08         Source: China News         Author: China News Network

In 2018, the classification and control policies for the property market were implemented at the local level, and Lanzhou became the first city to loosen restrictions on purchases. On the evening of January 5th, Lanzhou City issued a document to cancel the purchase of certain regions; continued restrictions on the purchase of the area will cancel the purchase of social security, tax certification, but at the same time overweight the implementation of restrictions on sales, it takes 3 years to trade.

A few days ago, the national conference on housing and urban-rural development required that in 2018, the real estate market should be classified and controlled to promote the steady and healthy development of the real estate market. We will implement differentiated control policies for various types of needs to meet the needs of the first set, support improvement, and curb speculation. The third and fourth-tier cities and counties that still have more stocks must continue to do inventory work.

In order to implement the above-mentioned relevant work requirements, on the evening of January 5, the Lanzhou City Housing Security and Housing Administration issued the “Circular on Strengthening Real Estate Market Regulation to Strengthen the Supervision of the Real Estate Market” to cancel purchases in some regions and further strengthen the price filing system. The housing sales restriction measures were formally implemented on January 8, 2018.

Yan Yuejin, research director of the Yigou Research Center, said that the focus of Lanzhou's policy adjustments is to loosen some of the non-core areas to limit purchases, to relax the determination of restrictions on purchases, and to remain tolerant of real estate speculation. That is to implement the new policy requirements in destocking and anti-speculation.

With regard to specific measures, the above notification from Lanzhou made it clear that the purchase restriction policies for housing in Xigu District, Jiuzhou Development Zone and Gaoping District were cancelled.

Lanzhou's Chengguan District, Qilihe District and Anning District (including Gaoxin District and Economic Zone, excluding the Gaoxin District Yuzhong Park) continue to be restricted, but it no longer provides proof of social security and tax payment, but individuals purchased within the above areas. Housing (including newly-built commodity housing and stock housing, subject to contractual network time), can be listed for trading within three years from the date of obtaining the “improper title certificate” registration record.

At the same time, Lanzhou City requires that housing enterprises must strictly implement the new house's price tag, a set of standard and "one price clear" system, the actual sales price shall not be higher than the record price. The real estate department suspended the qualifications for online registration of the housing industry that refused to accept the registration of new housing prices.

For the policy of Lanzhou City, Xie Yifeng, dean of the China Urban Real Estate Research Institute, said that the inventory of new houses in Lanzhou has risen rapidly and the market supply exceeds demand. Now the adjustment policy is perfect. Cancel the purchase of social security, tax payment certificate, limit sales for 3 years, is conducive to digestion of the local primary housing inventory.

According to Centaline Property Research Center statistics, in 2017, 110 cities across the country have issued more than 250 control policies. At present, a total of more than 45 cities have imposed purchase restrictions. Through measures such as restrictions on purchases, limited loans, restrictions on growth, restrictions on sales, and restrictions on sales, the national property market in 2017 has cooled and remained stable.

Xie Yifeng believes that under the classification and control requirements, in the future there will be more cities to follow up on different types of demand for differentiated control policies, adjust the restrictions on purchase, limit prices, limit loans, and promote the stable and healthy development of the real estate market.

Lanzhou City Housing Security and Housing Administration

Lanzhou Price Bureau

Lanzhou City Real Estate Registration Authority

Notice on Strengthening the Regulation and Control of the Real Estate Market and Strengthening the Supervision of the Real Estate Market

The real estate administrative departments of counties and districts, the price administrative departments of all counties and districts, real estate registration agencies, real estate development companies, and real estate brokerage agencies:

In order to further implement the goal of "keep the house in use, not be used for speculation," implement the National Work Conference on Housing and Urban-Rural Development, and discuss relevant requirements for the work of "regulating and controlling the real estate market and promoting the steady and healthy development of the real estate market." Based on the actual operation of the real estate market in the city, the current real estate market adjustment policy will be adjusted due to regional policy and precision control. The specific matters are notified as follows:

I. Cancellation of purchases in some regions

In light of the actual situation of the development of the real estate market in Lanzhou City, the city’s real estate market’s regional purchase restriction policy was adjusted to cancel the home purchase restriction policies in the Xigu District, the Jiuzhou Development Zone, and Gaoping’s remote areas.

Within the scope of Chengguan District, Qilihe District and Anning District (including high-tech zones and economic zones, excluding Gaozhong District, Suizhong Park), non-Lan households can continue to purchase one set, and Lanzhou households can purchase up to two sets. Limit purchase policy, but no longer provide proof of social security and tax payment.

Second, to further strengthen the price filing system

The competent pricing department shall give full play to the role of price supervision and guidance. When real estate development companies record the prices of newly built commercial housing, they shall reasonably determine the declared sales price, and strictly implement the clear price, one set of one standard, and one price clearance of new commodity housing. In the system, the actual sales price must not be higher than the record price. The real estate department suspends its eligibility for online registration for real estate development companies that refuse to accept the registration of new commodity housing prices.

Third, the implementation of housing sales restrictions

Restrictions will be imposed on the housing of Chengguan District, Qilihe District, Anning District and Xigu District (including high-tech zones, economic zones, Kyushu development zone, and Gaozhong District Suizhong Park). From the date of issuance of this notice, the individual’s purchased housing in the above-mentioned area (including newly built commercial housing and stocked housing, subject to contractual network check-up time) has been valid for three years since the date of acquisition of the “improper title certificate” registration record. Can be listed for trading. The real estate registration department should indicate in the "immobile property rights certificate" that the words "must obtain the immovable property rights certificate can be transferred only after 3 years". The housing obtained through judicial decisions, auctions, demolition and relocation, inheritance, and divorce and production analysis, etc., is not subject to the measures of the preceding paragraph.

Implemented from the date of issue of this notice.

January 8, 2018

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