Changchun has issued another "hard-core" new policy to "relax" real estate development companies

(Zhang Zhiqiang and Guo Jiahao) On the evening of November 1, the official website of the Changchun Housing Security and Real Estate Administration Bureau issued a "Notice on Handling the Mortgage of Buildings Under Construction, Pre-sale of Commercial Housing and Other Businesses" (hereinafter referred to as "Notice"), the content of the new policy is mainly to alleviate the financial pressure on real estate development enterprises. This is another regulatory policy to stabilize the real estate market since Changchun City introduced the property market regulatory policy on August 31.

The two departments jointly issued the notice

The reporter noticed that the notice was jointly issued by the Changchun Municipal Housing Security and Real Estate Administration Bureau and the Changchun Municipal Planning and Natural Resources Bureau. The original text of the notice is as follows:

1. Real estate development companies are allowed to apply for commercial housing pre-sale licenses and conduct pre-sales of commercial housing during the mortgage period of land use rights or buildings under construction.

2. Real estate development companies are allowed to mortgage buildings under construction for commercial housing that has not been pre-sold after obtaining a commercial housing pre-sale license.

3. Real estate development companies are allowed to register mortgage rights for unsold commercial houses after first registration of real estate.

4. Real estate development companies are allowed to change the status of self-retained housing to the registration status of commercial housing after the period restricting listing transactions expires or the mortgage rights are cancelled.

5. Development companies that have problems such as illegal sales, dishonest operations, low credit rating, serious complaints, etc. will not be allowed to handle the above business for the time being.

6. The conditions and procedures for handling relevant business are jointly formulated by Changchun Real Estate Registration Center and House Transaction Service Center in conjunction with relevant departments.

7. This notice shall be implemented from the date of issuance.

On August 31 this year, entrusted by the Changchun Municipal Housing Security and Real Estate Administration Bureau, the Changchun Real Estate Industry Association released the "Changchun Real Estate Industry Association's Circular on the Stable Development of the Real Estate Market." It also involves relieving the financial pressure of development companies: in order to prevent development companies from unfinished projects due to insufficient funds, qualified commercial banks are allowed to issue letters of guarantee for real estate development companies, and letters of guarantee are used to replace pre-sale fund supervision; the suspension of commercial housing completion It is a one-time policy for real estate development companies to pay property maintenance funds on their behalf. The balance of the property maintenance fund account can be deducted from the deposit amount, and the commercial housing contract can be signed online for registration. For real estate projects developed by real estate development companies in Changchun City, no deposit will be made. The borrower bears the loan deposit for periodic guarantees.

Nowadays, the notices basically include policies to ease the financial pressure on real estate development companies.

Real estate development companies: This is a major benefit

Li Chunlin, deputy general manager of Jilin Futeng Real Estate Development (Group) Co., Ltd., believes that this policy is indeed a good news for developers Very significant benefit. The original policy was that if a developer had a mortgage on land or a project under construction, the mortgage must be released before he could apply for a pre-sale license. Without a pre-sale license, the developer could not sell the house. Nowadays, after developers mortgage their land or projects under construction, it does not affect the pre-sale license application, so they can sell in advance, collect payment in advance, and quickly withdraw funds.

In addition, Li Chunlin believes that the notice allows real estate development companies to change the status of self-retained houses to commercial housing registration status after the period restricting listing transactions expires or the mortgage rights are cancelled. This means that the developer’s previous “self-held” properties have become commercial housing. For example, some developers have many “self-held” houses. After the 10-year “self-held” house expires, they must first be transferred to the developer’s name and then sold. , such a house becomes a second-hand house. Now it can be changed to commercial housing registration status, and developers can sell directly to customers without a name change fee.

“Also, the new policy will temporarily not handle these businesses for development companies that have problems such as illegal sales, dishonest operations, low credit ratings, and serious petitions. This will allow some dishonest developers to Business is restricted," Li Chunlin said.

It is important to boost the purchasing confidence of home buyers

Li Chunlin said that the new policy is mainly aimed at real estate development companies, and it is also important to boost the purchasing confidence of the Changchun property market. If home buyers do not have the purchasing confidence, If you only provide loans to developers, customers will still not buy houses. Therefore, on the one hand, it is necessary to provide relief to real estate development companies, and on the other hand, it is also necessary to introduce some relevant policies for consumers, such as interest rate concessions, home purchase subsidies, etc. Judging from the current situation, it will take a long time for home buyers’ purchasing confidence to recover.

Jiang Feng, a senior analyst in the industry, said in an interview with reporters that the new policy was mainly introduced to ease the financial pressure on developers, but there are also certain risks, such as allowing real estate development companies to use land use rights or in During the mortgage period of building a building, when applying for a commercial housing pre-sale license and conducting commercial housing pre-sales, according to previous policies, the condition for real estate companies to obtain pre-sale is that the land use rights or buildings under construction have not been mortgaged. Now the policy has been liberalized, which is equivalent to Reducing the difficulty for real estate companies to obtain pre-sale certificates can speed up the sales pace and quickly withdraw funds to a certain extent. However, some developers are under particularly great financial pressure and may take risks and sell mortgaged houses to home buyers. This becomes a "two-sale-for-one-home" situation, and both banks and home buyers will be exposed to risks. Therefore, supervision is also very important in the implementation of specific policies.

Jiang Feng believes that the reason for the introduction of the new policy is related to the current situation of Changchun's property market. Many developers have disrupted the real estate market by cutting prices significantly, which has led to lower expectations of home buyers and the market has suddenly cooled down. The introduction of the New Deal plays an important role in stabilizing the property market and restoring the confidence of home buyers. Regarding whether there will be policies to reduce down payments in the near future, Jiang Feng said that there will be no stimulus policies to reduce down payments in the short term. With the introduction of many regulatory policies, the real estate market will become more stable and standardized.

The property market in Changchun is in the doldrums

In the past few months, the property market in Changchun has continued to be in the doldrums. The first real estate in Changchun Gongzhuling City, Fanjiatun Town, starts selling hard-decorated houses with a "4-character number", the first real estate in Changchun High-tech Zone starts at a 25% discount, and the first real estate in Changchun Beihu starts with a "7-character number"; in recent times, several real estate companies in Changchun have The Changchun property market is once again in turmoil with the launch of exciting preferential policies one after another.

In a project on Yumin West Road, Chaoyang Economic Development Zone, Changchun City, the average real estate price is 7,000 yuan/square meter, with rough delivery; the current preferential policy is a 20% discount on mortgage loans, and is available for Buildings 1 and 3 20% off, 20% off if you pay the deposit on the same day, and 92% off if you pay the down payment within 5 days, that is, there are 4 "20% off" discounts. The main unit is an 89-square-meter unit with three bedrooms, two living rooms, and one bathroom.

In a project in Fanjiatun Town, Gongzhuling City, which is less than 3 kilometers away from the project, the reporter learned that the "4-prefix" hard-decorated houses in the project only have a few sets of top-floor products, and they have been sold out. The prices of the rest of the houses They are all around 6,000 yuan/square meter, and the ultra-low-priced "4" finely decorated houses are just traffic-draining products.

A project at the intersection of Yiju Road and Chaoqiang Street in Changchun High-tech Industrial Development Zone has a preferential policy of "liquidation and bargain hunting, 25% off on all lines". The original price of the house is 12,000 yuan/square meter, and the discount is 8,800 yuan. Yuan/square meter, and it is an existing house; the first 20 buyers will receive a 50,000 yuan parking space voucher. However, after on-the-spot investigation, the reporter learned that although the sales were advertised as starting at 25% off across the board, the residential units were sold starting with "9", and there were only two or three units, all located on the top floor or low floors, and they were no longer sold. , the special-priced houses currently released by the sales office are all above 10,000 yuan/square meter, and they are all large-sized units, with discounts ranging from 15% to 10% off the registered price.

The sales staff of a project in the Changchun Beihu sector told reporters that the starting price of the project is more than 7,000 yuan/square meter, and the average price is between 8,000 yuan and 9,000 yuan/square meter. The sales price of the project is almost close to the cost price.

According to data from CRIC Changchun, as of the end of September, the cumulative inventory of Changchun commercial housing was 11.52 million square meters. Calculated based on the average sales rate in the past three months, the current inventory can be sold for 21.27 months.