＂The house is for living＂, and count the things that affect real estate in 2016.
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"The house is for living, not for speculation." The central economic work conference was so set. Standing on the threshold of 2017, looking back on those things that affected the real estate market in the past year, this policy orientation has become more and more clear.
While the majority of third-and fourth-tier cities are still struggling to "destock", some hot cities have already made their own prescriptions, and some have once again used the word "limit" as the first control policy; Some have launched a law enforcement storm against developers and real estate agents who speculate on the market and influence the expected price of housing, focusing on cracking down; Some rectification of down payment loans directly cut off the source of funds for speculators … …
The policy has been fermented together, and the wind has turned at the end of the year. Shenzhen housing prices, which once led the country and rose for nearly two years, have stopped. It may be something to look forward to in 2017 to let the house truly return to the residential property.
FebruaryPut forward to promote the block system
In February 2016, the State Council issued "Several Opinions on Further Strengthening the Management of Urban Planning and Construction" (hereinafter referred to as "Opinions"), which is a supporting document of the Central Urban Work Conference restarted after 37 years, and outlines the road map of China’s urban development in the "Thirteenth Five-Year Plan" and even longer, and its importance is self-evident.
The "Opinions" put forward that the block system should be promoted in new residential buildings. In principle, closed residential quarters should no longer be built. It also requires that completed residential quarters and unit courtyards should be gradually opened to realize the publicity of internal roads, solve the problem of traffic network layout, and promote land conservation and utilization.
Xiaobian micro-comment Block system will undoubtedly have a great impact on real estate development, urban form and even residents’ lifestyle. It is normal for residents who are used to closed communities to have doubts for a while. Since the treatment of "urban diseases" must take this step, it is better to change it late than early. In the process of promoting the block system, we should start with hardware and software, and carefully resolve residents’ concerns about safety and noise.
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Mar.Press the pause key when lowering the alignment.
From March 1, 2016, the central bank lowered the RMB deposit reserve ratio of financial institutions by 0.5 percentage point to maintain a reasonable and sufficient liquidity in the financial system, guide the steady and moderate growth of money and credit, and create a suitable monetary and financial environment for supply-side structural reform.
At the end of 2014, the operation of lowering the RRR and cutting interest rates was started, and then the pause button was pressed. In 2015, there were five interest rate cuts and four RRR cuts, but in 2016, there was only this RRR cut in March, and the central bank did not use interest rate tools again. At the end of the year, the expectation of interest rate cuts once again appeared. However, in 2017, the RRR cut has never arrived.
Xiaobian micro-comment The just-concluded Central Economic Work Conference emphasized the need to adhere to a prudent and neutral monetary policy, "we should control the currency at a macro level, and the micro-credit policy should support reasonable home ownership and strictly limit the flow of credit to investment and speculative house purchase". The relatively loose monetary policy has changed, and the real estate credit funds will face more stringent supervision in 2017.
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AprilPut forward the orderly digestion of real estate inventory
In April 2016, the Political Bureau of the Communist Party of China (CPC) Central Committee held a meeting to analyze and study the current economic situation and economic work. In terms of real estate, the meeting stressed the need to digest real estate inventory in an orderly manner, pay attention to solving regional and structural problems, and implement differentiated control policies in accordance with the requirements of accelerating the urbanization rate of registered population and deepening the reform of housing system.
Xiaobian micro-comment
Although the the Political Bureau of the Communist Party of China (CPC) Central Committee meeting in December 2015 also mentioned the resolution of real estate inventory and regarded it as one of the important tasks in 2016, the meeting in April 2016 made a more detailed statement on the resolution of real estate inventory, especially emphasizing "orderly digestion".
This statement predicted that more than 20 cities intensively introduced the regulation policy of "one city, one policy" in late September and early October. In view of the regional and structural imbalance of the real estate market, although some hot cities have taken the lead in cooling the market according to their own conditions, the remaining third-and fourth-tier cities have to continue the great cause of "destocking".
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MayEncourage the development of housing rental market.
In May, 2016, the executive meeting of the State Council pointed out that the development of housing rental market is an important part of deepening the reform of housing system, which is conducive to accelerating the improvement of housing conditions of residents, especially new citizens, and promoting the new urbanization process.
In June of the same year, the General Office of the State Council officially issued "Several Opinions on Accelerating the Cultivation and Development of the Housing Leasing Market", encouraging the development of housing leasing enterprises and individuals to rent their own houses according to law, and allowing commercial houses to be converted into leased houses according to regulations. For the above three cases, tax incentives will be given, and at the same time, strengthening lease supervision will be emphasized.
Xiaobian micro-comment In China, the proportion of houses provided by professional leasing companies is only about 10%. After the national policy sends a clear signal, a group of specialized enterprises that "deeply cultivate" the housing leasing business will be the possible direction for the transformation of some housing enterprises. At the end of the year, several residential plots that are 100% self-sustaining by developers were auctioned in Beijing, which is consistent with this reform direction.
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JuneLaw enforcement storm strikes
In June, 2016, the Ministry of Housing and Urban-Rural Development carried out a nationwide special rectification work on intermediaries, and seriously investigated and dealt with 10 kinds of violations, such as publishing false houses, providing intermediary services for houses that did not meet the trading conditions, and illegally eating the price difference. In August, seven departments, including the Ministry of Housing and Urban-Rural Development, the National Development and Reform Commission and the Ministry of Industry and Information Technology, jointly explained to the public the Opinions on Strengthening the Management of Real Estate Agents to Promote the Healthy Development of the Industry. In October, the Ministry of Housing and Urban-Rural Development released a list of 45 illegal and untrustworthy housing enterprises and intermediaries. In November, the Ministry of Housing and Urban-Rural Development held a video teleconference, announcing that seven kinds of illegal acts, such as fabricating and spreading rumors, earning housing price difference, misappropriating transaction funds, and selling illegally as agents, would be rectified, and they would be investigated and dealt with strictly according to law.
Xiaobian micro-comment For a long time, it has been "unusual" for developers and real estate agents to use information inequality to "prop up the market", and the focus of this round of law enforcement storm action is to get rid of this inequality. No matter how strong the storm is, it will stop. More importantly, the next step should be to build a public-oriented real estate information disclosure system as soon as possible.
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JulyEstablish the goal of cultivating characteristic towns
In July 2016, the Ministry of Housing and Urban-Rural Development, the National Development and Reform Commission and the Ministry of Finance jointly issued the "Notice on Developing the Cultivation of Characteristic Towns", proposing to strive to cultivate about 1,000 characteristic towns with their own characteristics and vitality by 2020. In December, the National Development and Reform Commission issued the Notice on Implementing the "Thousands of Enterprises and Thousands of Towns Project" to Promote the Construction of Small Towns with Beautiful Characteristics, requiring the establishment of an effective docking platform between small towns and enterprises, guiding social capital to participate in the construction of small towns with beautiful characteristics, and promoting the integrated development and common growth of towns and enterprises.
Xiaobian micro-comment
Since the national level proposed to speed up the construction of characteristic towns in mid-2016, all localities are promoting it by giving subsidies, giving rewards and spending a lot of money, and they plan to build dozens or even hundreds of characteristic towns at every turn. There is a great momentum for people from all walks of life to "grab the beach".
Small towns with characteristics should be born for industry and flourish because of industry. The more hordes are swarming, the more we should carefully screen them, and don’t let the developers sneak in by speculating on new concepts, otherwise we can only add several "sleeping cities" to the city.
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SeptemberIntensive regulation of "one city, one policy"
On September 30, 2016, after Beijing and Tianjin took the lead in releasing the property market regulation policies, in less than 10 days, more than 20 cities across the country, including Shanghai, Shenzhen, Xiamen, Hefei and Nanjing, successively released local regulation policies. Various versions of the new property market policy mainly focus on restricting purchases, restricting loans, increasing land supply, regulating the supervision of commercial housing sales, rectifying market violations, strengthening the supervision of sales prices, and cracking down on rumors.
Xiaobian micro-comment This is the first time that local control policies have been intensively released since the real estate policy was "loosened" in 2014. Previously, the Ministry of Housing and Urban-Rural Development issued an implementation plan for the implementation of the "Outline for the Construction of a Government under the Rule of Law (2015-2020)" on September 6, emphasizing the adherence to classified regulation and the implementation of policies according to the city. In 2016, the differentiation of the real estate market among cities became more obvious. While most third-and fourth-tier cities were fighting for "destocking", some first-and second-tier cities became investment hotspots because of the risk aversion of funds, thus starting a new round of regulation.
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OctoberStop the down payment
In October 2016, the General Office of the State Council issued the "Implementation Plan for Special Remediation of Internet Financial Risks" to regulate Internet "crowdfunding to buy a house" and other behaviors, and it is strictly forbidden for various institutions to carry out "down payment" business; It is required that real estate development enterprises, real estate intermediaries and internet finance institutions shall not engage in real estate finance business by using P2P (peer-to-peer network lending) platform and equity crowdfunding platform without obtaining relevant financial qualifications; Those who have obtained relevant financial qualifications shall not carry out real estate finance-related business in violation of regulations.
In the same month, the China Banking Regulatory Commission (CBRC) demanded that the risks of real estate financial business be strictly controlled, the management of various loan businesses be standardized, and it is strictly forbidden to illegally distribute or misappropriate credit funds into the real estate sector; Strengthen the investment management of wealth management funds, and prohibit bank wealth management funds from entering the real estate sector in violation of regulations.
Xiaobian micro-comment Down payment loan, as its name implies, is to provide loans for the down payment of property buyers. In practice, its amount can sometimes reach about 1/2 of the down payment, which actually adds leverage to property buyers in secret, which means more risks to property buyers and the property market as a whole. The down payment loan is stopped and the financing of housing enterprises is limited. This is to intercept the illegal funds flowing into the property market at both the demand side and the supply side, and to cool down the hot cities that introduced regulatory policies during the National Day.
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December"The house is for living, not for speculation."
A house is for living, not for speculation. At the end of 2016, the Central Economic Work Conference set such a tone for real estate. The meeting called for the comprehensive use of financial, land, fiscal, taxation, investment, legislation and other means to accelerate the study and establishment of basic systems and long-term mechanisms that conform to national conditions and adapt to market rules, so as to curb the real estate bubble and prevent ups and downs.
At the same time, the meeting proposed to combine destocking with population urbanization, improve the interconnection of infrastructure between third-and fourth-tier cities and megacities, improve the level of public services such as education and medical care in third-and fourth-tier cities, and enhance the attraction of agricultural transfer population; Mega-cities have accelerated the dismantling of some urban functions and promoted the development of surrounding small and medium-sized cities.
Xiaobian micro-comment This is clearly emphasizing the return of housing to the residential property. A few months after the release of a series of regulatory policies in September 2016, among the changes in housing prices in 70 large and medium-sized cities announced by the National Bureau of Statistics in December, the prices of new houses in Beijing, Shanghai and Shenzhen, which led the increase in the past year, have stopped rising. Combined with the trend of monetary policy in 2017, the real estate market is "stable". For developers, the market in hot cities is not so hot. "Real estate+"has been shouting for several years. With a large sum of money returned in 2016, it is the right way to think more about how to accelerate transformation and development.