Author: Zhang Da

Source: brokerage China

On January 17, the Shenzhen Municipal Housing and Construction Bureau issued four draft for soliciting opinions related to indemnificatory housing, including the Shenzhen Municipal measures for the Administration of the Planning and Construction of indemnificatory Housing (draft for soliciting opinions), the measures for the Administration of Shenzhen Public Rental Housing (draft for soliciting opinions), the measures for the Administration of indemnificatory Rental Housing in Shenzhen (draft for soliciting opinions), and the measures for the Management of Common property Rights in Shenzhen (draft for soliciting opinions).

Among them, what has attracted much attention is the measures for the Administration of Housing with Common property Rights in Shenzhen (draft for soliciting opinions), which proposes that the sales price of housing with common property rights is determined according to about 50% of the market reference price at the time of land transfer, and the share of property rights of property buyers is determined in accordance with the proportion of the average sales price of the project to the market reference price, which in principle is not less than 50%. Housing with common property rights shall carry out closed circulation of property rights. From the date of implementation of these measures, no arrangements will be made for the construction of commercial housing.

Industry insiders believe that in compliance with the requirements of the state, Shenzhen has established a housing security system that includes public rental housing, rental housing, and shared property rights housing, and will no longer add selling talent housing and safe housing. It can meet the needs of non-housing households, new citizens, and young people who take root in Shenzhen at low cost in the short term, and has a diversion effect on the commercial housing market in Shenzhen in the short term.

Shenzhen plans to promote co-ownership housing

It is understood that the measures for the management of indemnificatory housing planning and construction in Shenzhen are designed to standardize the planning and construction of indemnificatory housing in Shenzhen, invigorate the stock of land and housing, realize multi-body supply and multi-channel guarantee, increase the supply of all kinds of indemnificatory housing, and improve the quality of indemnificatory housing construction.

According to the Shenzhen Municipal measures for the Administration of the Planning and Construction of indemnificatory Housing (draft for soliciting opinions), when drawing up the annual supply plan of construction land, the supply of residential land shall in principle be no less than 30% of the total supply of construction land, increase the supply proportion of indemnificatory rental housing land in residential land, and the proportion of rental housing land plan shall in principle be not less than 10% of the total residential land supply. The new supply of construction land for the construction of indemnificatory housing is mainly for the construction of public rental housing and guaranteed rental housing. Land for commercial housing in the new supply market shall be allocated with a certain proportion of indemnificatory housing.

According to the draft for soliciting opinions, the rent of public rental housing is determined according to about 30% of the reference rent of the same quality market in the same location in the same period, and the rent of guaranteed rental housing is determined according to not higher than 90% of the reference rent of the same quality market in the same area in the same period. The sales price of co-owned housing is determined according to about 50% of the market reference price at the time of land transfer.

Among them, the application conditions for co-owned housing are mainly as follows: deep households, having paid social security for not less than 5 years, no self-owned housing, no preferential policies for house purchase in this city, no transfer in this city within 5 years or division of self-owned housing due to divorce, etc.

Housing with common property rights shall be owned by shares, and the share of property rights of property buyers shall be determined according to the proportion of the average sales price of the project to the market reference price, which in principle shall not be less than 50%, and the share of property rights of the same project sold in the same batch shall be the same; the rest is the share of government property rights.

Housing with common property rights shall carry out closed circulation of property rights. If you need to withdraw from signing a sale and purchase contract for less than 5 years, you shall apply to the agent to purchase the share of individual property rights; if you have signed the sale and purchase contract for five years, the house buyer may transfer the share of individual property rights or apply for purchase to the qualified object.

The housing with common property rights shall implement the management system of pre-sale funds, and the competent department shall organize and supervise the projects developed by the main body of the market in accordance with the regulations of the real estate market, and withdraw the amount of advance collection in batches in strict accordance with the proportion of the project progress.

In addition, according to soliciting opinions, the construction of safe-living commercial housing will no longer be arranged from the date of implementation of the measures for the management of co-owned housing in Shenzhen. The residential commercial houses that have signed the contract for the assignment of land use rights shall continue to be implemented in accordance with order 228 and its relevant provisions.

It has a diversion effect on the commercial housing market in the short term.

According to the draft for soliciting opinions, indemnificatory housing refers to public rental housing, rental housing and co-ownership housing, in which public rental housing is for eligible residents with housing difficulties and front-line workers who provide basic public services for society. guaranteed rental housing is leased for qualified new citizens, young people and all kinds of talents, and co-owned housing is provided to qualified residents. Implement the shared property rights between the government and the property buyers.

Li Yujia, chief researcher of the Housing Policy Research Center of Guangdong Provincial Institute of Urban Planning, believes that Shenzhen has formally proposed to establish an indemnificatory housing system, including public rental housing, rental housing and co-ownership housing, in response to the requirements of the state. The aim is to establish a public housing system with low threshold and low threshold for rent and purchase around non-housing households, new citizens and young people. Among them, the common property right housing system is formally established. In the future supply, there will be no new sales-type talent houses and safe housing, which will solve the short-term low-cost housing needs of these groups in Shenzhen. Under the background of the weakening expectation of house price rise, it has a diversion effect on the commercial housing market in the short term.

This year marks the beginning of the full implementation of the spirit of the 20th CPC National Congress. The statement of real estate in the report of the 20th CPC National Congress is to "adhere to the orientation that houses are used to live, not to speculate, and to speed up the establishment of a housing system with multi-body supply, multi-channel security and simultaneous rent and purchase". This points out the direction for the development of real estate in the next five years and even longer.

On December 14, 2022, the outline of the Strategic Plan for expanding domestic demand proposed to promote the healthy development of residential consumption. Adhere to the positioning of "houses are for living, not for speculation", strengthen the expected guidance of the real estate market, explore new development models, and speed up the establishment of a housing system with multi-body supply, multi-channel security, and both rent and purchase. We will steadily implement a long-term mechanism for the steady and healthy development of the real estate market, support residents' reasonable demand for self-occupation, curb speculative demand for investment, and stabilize land prices, housing prices and expectations. We will improve the basic housing security system and support policies, focus on large cities with net population inflows, and expand the supply of indemnificatory rental housing. Develop housing with common property rights in accordance with local conditions.

Edit / phoebe