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Changzhou property market regulation and upgrading: Second Suite provident fund loan down payment to 50%

BEIJING, April 8 (Xinhua) according to the official website of Changzhou Municipal People’s Government, the Changzhou municipal government office released “opinions on strengthening the regulation and control of the city’s real estate market” this evening, expressing the need to strengthen the management of land supply; plus-sized the supply of commodity housing; For the second housing provident fund loan (including public-equity loans), the down payment ratio increased from 30% to 50%; Newly purchased commodity housing (including second-hand housing) yes, after obtaining the title certificate, it can be listed for trading within 2 years.

The following is the full text of the notice:

Municipal and district people’s governments, municipal commissions and bureaus, municipal companies and units directly under their jurisdiction:

In order to thoroughly implement the central government’s decision-making and deployment on real estate work, and earnestly implement the relevant requirements of the Ministry of Housing and construction and the Ministry of Land and Resources “Notice on Strengthening the management and regulation of housing and land supply in the near future, resolutely crack down on real estate speculation and promote the steady and healthy development of the real estate market. Now we put forward the following opinions on strengthening the regulation and control of the real estate market in our city:

I. Strengthen the management of land supply. On the basis of the urban land supply plan in 2017, another 1,000 mu of commercial development land will be added. For the existing development land that has been sold but not started, urge the development enterprise to strictly fulfill the agreement of the transfer contract and arrange the construction as soon as possible. For those who fail to perform the transfer contract, owe the transfer fee, maliciously speculate on the land and hoard the land according to the agreement, they will be disposed of according to law and included in the market of land transaction integrity blacklist, and shall not participate in the land bidding in our city within 2 years.

II. Plus-sized commodity housing supply. For projects under phased development, relevant government departments should guide development enterprises to adjust the development rhythm according to market conditions and launch more housing resources to meet market demand. On the basis of effective risk prevention measures, accelerate the listing supply of new commodity housing.

Third, adjust the housing provident fund loan policy. For the second housing provident fund loan (including the interest-supplement loan of public transferors), the down payment ratio increases from 30% to 50%.

Fourth, adjust the housing transaction policy. Newly purchased commodity housing (including second-hand housing) can only be listed for trading after 2 years after obtaining the property right certificate. The time for newly purchased commodity housing shall be subject to the online signing and filing time of commercial housing contract.

V. Strengthen the filing management of new commodity housing contracts. If the new commodity housing sales contract that has completed the contract filing needs to be canceled after both parties reach an agreement, the agreement agreed by both parties to terminate the contract and the application form for filing and cancellation of commercial housing sales contract in changzhou should be submitted to the real estate administrative department. The canceled housing shall be publicized in changzhou real estate information network in a unified manner, and the publicity time shall be 15 days, no re-filing is allowed during the publicity period. Within one year after the expiration of the publicity period, the price of re-filing shall not be higher than the price of the last contract filing.

Six, strengthen the tax management of second-hand housing transactions. Fully implement the tax price evaluation system for second-hand housing transactions, resolutely crack down on “yin and yang contracts”, and effectively standardize the tax collection and management order for second-hand housing transactions.

VII. Strengthen the price management of commodity housing. Strictly implement various systems for the filing of newly-built commodity housing prices determined by the Municipal Real Estate Market Regulation and Control Conference, and the adjustment period for the filing price of newly-built commodity housing shall not be less than 2 months.

VIII. Rectify and standardize the order of the real estate market. Strengthen joint law enforcement, hoarding houses for real estate development enterprises and intermediary agencies, reluctant to sell, bundled sales, malicious speculation, boosting house prices, fictitious prices, disguised inflation, out of the money increase the price or charge other fees and other illegal acts shall be dealt with strictly according to law.

9. Strengthen housing security work. Continue to implement the renovation of dilapidated houses in shantytowns and improve the living conditions of the masses. Further improve the housing security system, promote the monetization system of common property right houses and public rental houses, and solve the housing problems of low-and middle-income families with housing difficulties, newly employed college students and migrant workers with stable employment through multiple channels.

This opinion shall come into force as of April 9, 2017.

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zhongxin.com, April 8, according to the official website of Changzhou Municipal People’s Government, Changzhou municipal government office released “opinions on strengthening the regulation and control of the city’s real estate market” this evening, saying that land supply management should be strengthened; Plus-sized commodities

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