At 10 am on October 17, The State Council Information Office held a press conference, the Minister of Housing and Urban-Rural development Ni Hong and the Ministry of Finance, the Ministry of Natural Resources, the People's Bank of China, the State Financial Regulatory Administration officials introduced to promote the stable and healthy development of the real estate market.
At the meeting, the Ministry of Housing and Urban-Rural Development, together with relevant departments, guided all localities to act quickly, grasp the implementation of stock policies, grasp the introduction of incremental policies, and play a set of combined fists to promote the market to stabilize.
How to do a combination punch? In summary, it is four cancellations, four decreases and two increases.
Four cancellations
Fully endow city governments with autonomy in regulation and control, and city governments should adjust or cancel various restrictive measures according to the policies adopted by the city. It mainly includes purchase limit, sale limit, price limit, ordinary residential and non-ordinary residential standards.
Four drops
Lowered the housing provident fund loan interest rate by 0.25 percentage points; We lowered the down payment ratio, and unified the minimum down payment ratio of the first and second sets of mortgages to 15%. Lower the interest rate on outstanding loans; We will reduce the burden of taxes and fees for replacing old homes with new ones. By implementing these policies that have been introduced, we will reduce the cost of housing for residents, reduce the pressure on loan repayment, and support residents' rigid and improved housing demand.
Two additions
First, we will renovate an additional 1 million units of urban villages and dilapidated houses through monetization and resettlement. There are many hidden dangers and poor living environment in urban villages, and the people are eager to reform. According to the survey, only 35 big cities in the country have 1.7 million units to be renovated, and other cities also have transformation needs. There are still 500,000 dilapidated houses that need to be renovated in cities across the country. This time, for the 1 million sets of relatively mature conditions, by increasing policy support, in advance, and seize the job. The main use of monetary resettlement, which is more conducive to the masses according to their own needs to choose the right house, without transition, can directly move into the new house. At the same time, it is also conducive to digestion of the stock of commercial housing.
Second, by the end of the year, the credit scale of "white list" projects will be increased to 4 trillion. The urban real estate financing coordination mechanism should include all qualified real estate projects in the "white list", and should be as advanced as possible and as full as possible to meet the reasonable financing needs of the project.
Since the release of relevant policies, the effect of the policy has begun to show, real estate development investment, new commercial housing sales and other major indicators continue to narrow down, especially since the end of September, the number of first-hand homes to see, the number of visits, the number of contracts increased significantly, second-hand housing transactions continued to rise, the market has a positive change. Media reported that real estate policy support in many places increased, and the first-tier city property market recovered across the board. In the next step, the Ministry of Housing and Urban-Rural Development will work with relevant departments to resolutely implement the decision-making and deployment of the Party Central Committee and The State Council, implement one by one, fully release the policy effect, and benefit the people more.
Ni Hong, Minister of Housing and Urban-Rural Development, said at the press conference of the State New Office on October 17 that since last year, the Ministry of Housing and Urban-Rural Development has fully given the autonomy of real estate regulation to various cities. At the end of September, the four first-tier cities adjusted their real estate purchase restrictions, including Beijing and Shanghai to relax the purchase restrictions, Guangzhou to completely cancel, and Shenzhen to partially cancel, which also fully reflects the city's policy, independent decision-making.
Ni Hong, Minister of Housing and Urban-Rural Development, said at the press conference of the State New Office on October 17 that 1 million sets of urban village transformation and dilapidated old houses will be newly implemented through the monetized resettlement housing method, mainly considering that some conditions are mature, the masses are eager to transform, and the preliminary work is relatively solid, and the monetized resettlement can better meet the needs of the masses to independently choose the housing type and location, without waiting for the transition period.
For what kind of projects can obtain policy support, there are two points: first, the people have a strong willingness to reform, and security risks are prominent to make key choices; Second, the two programs of the project should be mature: one is a mature and solid collection and resettlement program, and the other is a large balance of funds, so as to achieve the overall balance of the project and avoid new local debt risks.
There are five main support policies: first, focus on supporting cities at or above the prefecture level, second, development and policy financial institutions to give special loans, third, allow local governments to issue special bonds, fourth, give tax concessions, and fifth, commercial banks to issue loans according to assessment.
Ni Hong, Minister of Housing and Urban-Rural Development, said that on the basis of the renovation of dilapidated houses in urban villages in the early stage, 1 million new sets will be added, and policy support will be increased through monetization. If the preliminary work is done well, we can continue to increase our efforts on 1 million sets.