15 new policies on real estate in Chengdu


Zhongxin Jingwei client, September 14 (Xinhua) according to the “Sichuan release” micro signal on the 14th, the website of Chengdu Municipal People’s government issued the notice of General Office of Chengdu Municipal People’s Government on maintaining the stable and healthy development of the real estate market in our city (hereinafter referred to as the “notice”), which will be implemented from the date of printing and issuing.
The notice proposes to increase the proportion of priority of shed reform and non housing households in notarized lottery, the minimum proportion of priority of shed reform will be increased from 10% to 20%, and the minimum proportion of households without housing will be increased from 50% of the remaining housing resources after the priority of shed reform to 60%; the tax adjustment role should be given to the value-added tax exemption period of individual housing transfer from 2 years to 5 years.
New longitude and latitude map
“Notice” put forward six aspects, a total of 15 targeted measures, including strengthening land market regulation, implementing financial Prudential Management, supporting reasonable self housing demand, improving housing regulation policy, strengthening market supervision and monitoring, and strengthening public opinion propaganda and guidance.
In terms of strengthening the regulation and control of land market, the circular requires that, first, increase the supply of residential land and optimize the supply structure. The proportion of residential land in business land shall not be less than 60%, and the area with tight supply and demand shall not be less than 70%. Priority shall be given to ensuring the supply of affordable housing land; second, a linkage mechanism of house price and land price shall be established to effectively regulate land price and guide market entities to rationally acquire land; third, it shall be comprehensive We will clear up the situation of the land that has been provided and undeveloped and make it known to the public. We will step up efforts to promote the construction of the land that has been provided and undeveloped, strictly implement the regulations on the disposal of idle land, and resolutely crack down on the acts of covering up land and land.
We will implement financial Prudential Management. The circular clearly states that we will continue to implement differentiated credit policies, strictly examine the sources of down payment funds for house purchase, and strictly prevent consumer loans and personal business loans from being misappropriated to purchase houses in violation of regulations.
In terms of supporting the reasonable demand for self housing, the circular requires that we should vigorously implement the lease subsidy, expand the scope and raise the standard, and include the personnel in the public service industries such as public transportation, environmental sanitation, education, and health into the scope of security, so as to ensure that there is a place for people to live and to achieve the goal of ensuring that they should be guaranteed as much as possible. We should further cultivate and standardize the development of the housing rental market, increase the supply of rental housing by means of new construction, reconstruction and revitalizing the stock, and solve the problem of residential housing in the new city by both renting and purchasing. We should accelerate the organic renewal of the city, strengthen the transformation of old residential areas, and improve the living quality.
The circular also requires that housing regulation policies be improved, including:
First, strictly implement the housing purchase restriction policy, strengthen the qualification examination of house purchase, and severely crack down on fraud;
The second is to increase the proportion of priority of shed reform and non housing households in notarized lottery. The minimum proportion of priority for shed reform is increased from 10% to 20%, and the minimum proportion of households without housing is increased from 50% to 60% of the remaining housing resources after the priority of shed reform;
Third, we should strengthen the audit of hot spot real estate sales plan, reasonably determine the housing source and the proportion of subscribers, and give priority to protecting the demand of non housing households;
The fourth is to play the role of tax regulation, and the number of years for levying and exempting the value-added tax on personal housing transfer has been adjusted from two years to five years.
The general office of Chengdu Municipal People’s Government interpreted and pointed out that in order to implement the requirement of “no speculation on housing and housing” and further play the role of tax regulation, Chengdu has adjusted the VAT exemption period of individual housing transfer from two years to five years based on the experience of other cities. If an individual wants to buy a house for less than 5 years for sale, he / she shall pay VAT at a rate of 5% in full; if he / she intends to purchase houses for more than 5 years (including 5 years), the value-added tax shall be exempted. The starting time of 5 years shall be determined according to the principle of “which is the first” according to the time indicated on the real estate ownership certificate or deed tax payment certificate obtained by individuals purchasing houses.
If the online signing time of individual housing transfer contract is before the date of issuance of the notice (including the date of issuance of the notice, the same below), the VAT collection and exemption period shall be implemented according to the original policy; if the online signing time of individual housing transfer contract is after the Issuance Date of the notice, the new policy shall be implemented.
In addition, the standards for identifying the families without houses are as follows:

  1. If the commercial housing purchased is located in the housing purchase restriction area of Chengdu, the registered buyer must comply with the housing purchase restriction policy of Chengdu.
  2. The registered buyers and their family members have no self owned property right housing in the city’s administrative region, and there is no housing transfer record since October 1, 2016.
  3. Resident families include: husband and wife; husband and wife and their minor children; divorced (widowed) father (mother) and their minor children; unmarried residents who have reached the legal marriage age; single residents who have divorced for more than two years at the time of house purchase registration; widowed single residents.
    The circular also stressed that we should strengthen market supervision and monitoring, continue to carry out rectification of the real estate market order, and deal with real estate development enterprises, intermediary agencies, employees and all kinds of loan owners who are suspected of illegal and illegal behaviors, such as hoarding sales, price increases, false advertising, fabricating and spreading false statements, driving up house prices, and illegally misappropriating all kinds of credit funds into the real estate market Physical education should be dealt with in accordance with the law.
    At the same time, improve the real estate market monitoring and evaluation system, strengthen the information sharing and business collaboration of departments, and further improve the scientificity and accuracy of monitoring and evaluation.
    According to the general office of Chengdu Municipal People’s government, at present, some real estate projects in Chengdu are highly concerned by the society and are expected to buy more houses, which is prone to rush purchase, which is not conducive to the stability of Chengdu’s housing prices and market expectations. To this end, the notice proposes to strengthen the audit of hot spot real estate sales scheme, reasonably determine the housing source and the proportion of subscribers, strictly control the number of subscribers, and give priority to protecting the demand for house purchase of households without housing.
    Yan Yuejin, research director of the think tank center of E-House Research Institute, said that the introduction of the policy was in line with expectations, which also showed that Chengdu was in the