News > General article > Home loan strategy > Property market dynamics >  text

The shared property room here can be transferred to commercial housing? Come see what to do!

Time: 2018-09-13         Source: Liu Xiaobo         Author: Liu Xiaobo

On the afternoon of September 11, the Guangdong Provincial Department of Housing and Construction announced the "Guiding Opinions on Promoting the Development of Shared Property Housing (Draft for Comment)" and solicited opinions from the society.

This means that the “Guangdong version” of the shared property housing program is officially available. The biggest difference from the previous "Beijing version" is that Beijing's shared property housing can not be converted into commercial housing, while Guangdong can.

So far, one south and one north, two major plans for shared property housing have been announced. So a question arises: In the end, is the Guangdong version more able to stabilize housing prices, or is it better for the Beijing version?

Let us first look at the main "rules of the game" of the "Guangdong version" of the common property housing:

1. Buyers have limited conditions, and Guangdong requires each city to refine itself. Generally speaking, there are restrictions on income and occupation. A family can only buy a set of shared property housing, and buyers can enjoy the same rights as the purchase of commercial housing and the enrollment of children.

2. The housing area is mainly below 90 square meters. The evaluation price is determined by the price of the same section and the same quality commercial housing, and then sold at a price lower than the evaluation price. Buyers generally need to buy at least 50% of the shares.

3. If you purchase a shared-property house within 5 years, the purchaser cannot, in principle, sell the share; if you hold it for more than 5 years, you can transfer the share to the person who “contains the purchase of the shared-property housing”; if you hold it for more than 10 years, you can Purchase the share held by the government and convert it into a commercial house (the land is allocated and the land price needs to be paid).

The "Guangdong version" refers to the previous practice of "talent housing" and "safe housing" (equivalent to shared housing), allowing such houses to eventually "repair into positive results" and give them access to ordinary commercial housing.

The biggest difference of the "Beijing version" is that the joint ownership of housing can not be "reformed into a positive result." The specific provisions are as follows:

My evaluation of this is as follows:

First, the "Beijing version" seems to be more severe, and it can better reflect the concept of "staying and not speculating", but the actual effect remains to be seen.

Beijing is the capital, and its popularity is too strong. It does not allow the conversion of shared property housing. It may also focus on controlling the population and taking control of housing prices. This is equivalent to not giving 100% appreciation of the shared property housing, and its attractiveness will decline.

In the Beijing system setting, buyers can also enjoy a certain "appreciation right", and the price of such a house will rise in the long run. However, because it does not give the opportunity to turn positive, the late exit can only be transferred in the “restricted population”, so the value is hard to really reflect.

Buyers will be less motivated and will instead buy commercial housing. In this way, the demand for shared property housing in Beijing has decreased, becoming a house between “low-rent housing” and “an affordable housing”. Therefore, it may not play a big role in stabilizing Beijing's housing prices. In the end, the total amount of property-owned houses will not be high, and the demand will not be high.

Second, the "Guangdong version" seems to be loose, but in fact it may be more "killing".

Because you can buy 50% first, the price is lower than the neighboring houses, which means that the threshold for “on the bus” is only 40% or even 30% of the goods. In this way, a large number of low- and middle-income families can buy with confidence, anyway, they can turn positive in the future.

The setting of the 10-year turnaround period can be said to be moderate. It not only locks in the time for buyers to serve the city, but also allows buyers to have time to accumulate wealth and prepare for the complete purchase of housing. It is estimated that there will be supporting financial policies in the future, such as allowing loans. In the end, a family realizes the complete possession of a house, which can greatly enhance the residents' sense of acquisition and prepare for the future “end of retirement”.

Because it can be turned positive, coupled with loose conditions, there are bound to be many people who are willing to buy the Guangdong version of the shared property housing, which will force the government to continue to build such housing, and ultimately inhibit the rise of commercial housing.

In fact, I believe that because Guangdong's conditions are too loose, it will attract more people into Guangdong. In the last two days of this column, the number of primary school students in Guangdong has changed in the past three years. It is found that Guangdong has once again become the center of population growth in the country, and its population growth is far better than that of Jiangsu, Zhejiang and Shanghai. If there is ample supply of shared property, the attractiveness of Guangdong will continue to increase.

Guangdong population growth (number of primary school students)

 

Number of people in 2017

Number of people in 2014

Increase

Total amount of funds

Shenzhen

96.5

79.3

+22%

6.97

Guangzhou

100.5

90.0

+12%

5.1

Foshan

54.4

47.4

+15%

1.40

Dongguan

76.5

68.7

+11%

1.25

Zhuhai

16.2

14.1

+15%

0.69

Huizhou

55.7

47.2

+18%

0.55

Zhongshan

29.7

26.8

+11%

0.54

Jiangmen

32.3

29.9

+8%

0.43

Shantou

52.7

48.7

+8%

0.33

Zhanjiang

63.3

55.0

+15%

0.31

Maoming

62.1

56.3

+10%

0.25

Zhaoqing

36.9

33.3

+11%

0.23

Qingyuan

34.3

28.2

+22%

0.22

Jieyang

51.0

48.5

+5%

0.21

Meizhou

34.2

29.9

+14%

0.20

Shaoguan

23.6

21.0

+12%

0.18

Chaozhou

19.9

18.8

+6%

0.13

Yangjiang

23.4

19.2

+22%

0.12

Heyuan

30.0

26.1

+15%

0.12

Yunfu

23.3

19.5

+19%

0.11

Iris

25.6

24.0

+6.7%

0.08

Guangdong

942

832

+13%

19.5

National

10094

9451

+6.8%

167.7

Note: The population compared in the table is the number of primary school students in each place, and the unit is 10,000 people. The total amount of funds is the “balance of local and foreign currency deposits of financial institutions” as of the end of 2017, and the unit is trillions. The figures come from local statistical bulletins.

Therefore, even if the shared property houses divert the purchasers of commercial housing, the influx of incremental population will still stabilize the price of commercial housing in Guangdong. In the end, it is critical to see the number of shared property houses available everywhere. It is very likely that there will be a difficult situation in one room and a long queue. At this time, local governments will attach qualifications, technical titles, patents and other conditions to enter the "selection" stage.

Third, the “Guangdong version” of shared property housing is likely to become the mainstream of the future.

The reason why Beijing temporarily does not allow the shared property housing to “build into a positive fruit” is because the city is too special. Such an attractive city like Shenzhen allows for the transfer of shared property housing (Shenzhen called “talent room” and “safe housing type”), so it is conceivable that most provinces and cities will follow the Guangdong approach. The biggest advantage of doing this is that it is a good governance that is worthy of praise.

Fourth, the difference between the Guangdong version and the Beijing version means that the future real estate tax will also have strong regional characteristics and will be flourishing.

After fully considering the short-term and long-term interests and the competitiveness of the city, local governments will certainly set the tax rate cautiously and fully consider the burden of ordinary people. Because the people will vote with their feet, many economically developed cities can actually operate well without levying real estate taxes. Imposing heavy taxes can only kill chickens and take eggs, hurting the long-term competitiveness of the city.

    You may need these loans

    Room loan

    Loan with mortgage record

    500000

    Maximum amount

    0.89%

    Minimum monthly interest rate

    1 day

    Fastest loan time

    apply immediately

    Redemption

    Debt mortgage

    6.5 million

    Maximum amount

    2.20%

    Minimum monthly interest rate

    30 days

    Fastest loan time

    apply immediately

    Home loan

    Home mortgage, good capital turnover

    10 million

    Maximum amount

    1.20%

    Minimum monthly interest rate

    7 days

    Fastest loan time

    apply immediately

    Decoration loan

    Buying a house renovation loan

    500000

    Maximum amount

    0.37%

    Minimum monthly interest rate

    1 day

    Fastest loan time

    apply immediately
    Save this article to my mailbox
    Subscribe to mortgage, property news

    Sweep and make buying a home easier!

    Welcome to pay attention to Rong 360 mortgage
    Official WeChat (Fangdai123)

    [Exclusive Manuscript and Disclaimer] Any work, such as "360 Original", without the written authorization of 360, may not be reproduced, extracted or otherwise used by any unit, organization or individual. If you have been authorized in writing, please indicate the source of 360. Anyone who violates the above statement and infringes on the legal rights and interests of Rong 360 shall be investigated for legal responsibility according to law. The materials and conclusions in the works are for user's reference only and do not constitute operational recommendations. To obtain written authorization, please send an email to: academy@rong360.com

    Comment list (user comments are only for users to express their personal views, does not mean that the site agrees with its views or confirms its description)
    you may also like
    • The Housing Construction Committee interprets the policy of shared property housing: never convertible commercial housing  Different from the previous Beijing property rights-type affordable housing and policy housing, after meeting certain conditions, it can be converted into full-commodity housing. The property rights of the re-listing of the common-property housing launched by Beijing has been tightened, with the principle of closed management and recycling. Shared housing...
    • Guangdong will explore a shared property housing system to encourage the purchase of commercial housing for rent  Yesterday, the Guangdong Provincial Department of Housing and Construction and the Guangdong Provincial Development and Reform Commission jointly issued the "Guangdong Province New Urbanization Plan (2016-2020)" (hereinafter referred to as "Planning"), proposing that Guangdong intends to explore the establishment of a common property housing system, based on pricing standards and individual funding. Amount, identify individuals and politics...
    • What is the difference between a common property house and a common commodity house? Are you suitable for application?  Whether in terms of loan quota or price, shared property houses seem to be more suitable for home purchase than ordinary commercial housing. 1. What is the difference between a common property house and a common commodity house? Shared property houses belong to policy-type housing, and ordinary commercial housing in many aspects...
    • Can't afford a commercial house, can you buy a shared property?  This article is a 360 column author Li Ge said that the original works of financial management, only on behalf of the author's personal views, does not represent the official position of Rong 360, please contact the author's authorization. Two days ago, there was a commotion in the office of Lige, especially Beckham, and the freezing was broken. Not hearing who and who is lame...
    • Shenzhen small property houses are packaged into shared property houses.  After the implementation of the policy of rent-and-purchase and other rights in cities such as Guangzhou, Beijing plans to try out the joint ownership of housing, which has caused great concern in the market. According to the interim measures issued by Beijing, the shared property housing refers to the government's policy support, which is developed and constructed by the construction unit, and the sales price is lower than the same...

    Buying a house loan

    Room loan

    Loan with mortgage record

    Redemption

    Debt mortgage

    Home loan

    Home mortgage, good capital turnover

    Decoration loan

    Buying a house renovation loan