Review of China’s real estate industry in Q3 of 2020 and future prospects From World Union

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The following is the Review of China’s real estate industry in Q3 of 2020 and future prospects From World Union recommended by recordtrend.com. And this article belongs to the classification: China’s economy, research report.

Policy

Housing prices in some cities have risen too fast, and the trend of regulation and control differentiation has intensified

Since the beginning of this year, the central government has always implemented the goals of “no speculation on housing and housing”, “implementation of policies based on the city” and “three stabilities”. However, the regulatory policies for the real estate market have been differentiated and precise. In the first half of this year, affected by the epidemic situation, the policy ring of the real estate market showed a relaxed trend; In the third quarter, house prices in some hot cities rose too fast. A total of 16 cities participated in the two real estate symposiums, which led to the upgrading of regulation.

In the third quarter, the “five limits” regulation and upgrading cities are: Shenzhen, Dongguan, Hangzhou, Nanjing, Ningbo, Wuxi, Changzhou, Shenyang, Tangshan, Changchun, Yinchuan; the exemption period of transfer value-added tax is increased from two years to five years: Shenzhen, Shenyang, Chengdu and Wuxi.

In the first half of 2020, affected by the impact of the epidemic, the central conference repeatedly mentioned the implementation of the strategy of “expanding domestic demand”. As a ballast stone of China’s economy, the real estate industry, as a ballast stone of China’s economy, can not be replaced in the short term. Therefore, many policies have been issued on the supply side and the demand side in terms of real estate support

Supply side: reduce the pre-sale conditions, reduce the use standard of the proportion of pre-sale supervision funds, postpone and installment payment of land transfer funds, permit delay of commencement and completion, deferred tax payment, etc;

On the demand side: “one policy for the district”, reducing the threshold of talent settlement and house purchase, providing house purchase subsidies, relaxing the provident fund policy, etc

In the third quarter, the domestic economy recovered rapidly. However, under the background of global monetary easing and economic growth decline, people’s demand for refuge was obvious. In some cities led by the Yangtze River Delta and the Pearl River Delta, house prices rose too fast, which also led to the rapid rise of house prices in some regional core cities due to the short-term imbalance between supply and demand. Therefore, the “five limits” regulation and control in these cities of the Ministry of housing and urban rural development was upgraded again Such as “false divorce” and other operational loopholes to make up for.

In addition, after being interviewed, some hot cities have strengthened their efforts in ensuring rigid demand and curbing speculation. For example, Chengdu, Hangzhou, Nanjing, Ningbo and other newly opened commercial residential buildings have increased the preferential proportion of housing resources for non housing families.

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