1. The maximum amount of housing provident fund loans in Zhengzhou has been adjusted to 1.3 million yuan.
The Zhengzhou Housing Provident Fund Management Center issued the"Notice of the Zhengzhou Housing Provident Fund Management Center on Matters Concerning Individual Housing Loans by Housing Provident Fund", adjusting certain housing provident fund loan policies, which will take effect on September 9, 2024. For families who are first-time users of housing provident fund loans or who are purchasing their first self-occupied housing, the maximum amount of housing provident fund loans has been adjusted to 1.3 million yuan; for families who are second-time users of housing provident fund loans and who are purchasing their second self-occupied housing, the maximum amount of housing provident fund loans has been adjusted to 1 million yuan. For families with multiple children, the maximum amount of housing provident fund loans is increased by 20% based on the corresponding amount. For the purchase of allocated affordable housing within the administrative area of Zhengzhou City, the minimum down payment ratio for applying for housing provident fund loans for allocated affordable housing is 15%. Commercial banks will timely open combined loan services for new transactions of existing houses. The loan term for existing house loans plus the construction age of the house shall not exceed 50 years, and the maximum loan term shall not exceed 30 years.
2. Hefei Anju Group intends to acquire completed stock commodity houses for affordable housing: new houses are preferred, and fully furnished.
Hefei Anju Holdings Group Co., Ltd. plans to acquire completed stock commodity houses for allocation or rental affordable housing. It is currently collecting completed stock commodity houses in the corresponding administrative areas of Hefei City, Anhui Province. The notice specifies the requirements for housing sources and prioritizes the acquisition of high-quality projects, focusing on controlling factors such as housing quality, landscape supporting facilities, and property service quality to ensure the quality of the proposed acquisition projects. According to the criteria of "new houses are preferred, and fully furnished first", it should be an already completed house (including foreclosed houses that have entered judicial disposition procedures), with all project-related procedures completed, clear assets and liabilities, clear legal relationships, and capable of issuing real estate certificates and meeting the loan requirements of financial institutions. In terms of acquisition price, the announcement stated that the acquisition price of existing stock commodity houses does not exceed the reset price of affordable housing in the same area. Among them, for rental affordable housing, the evaluation price by a professional evaluation agency serves as the upper limit of the acquisition price. (Hefei Housing Bureau)
3. A total of 5,329 units of resettlement housing for the ninth batch in Xiong'an New Area have been inspected and delivered.
From September 7th to 12th, the ninth batch of resettlement housing in Xiong'an New Area began centralized inspection and delivery. This delivery includes resettlement houses in the Rongdong and Rongxi areas of Xiong'an New Area, with a total of 5329 sets delivered. (CCTV News)
4. Speeding up the collection and storage of housing in many places will help accelerate the stabilization and recovery of the real estate market.
The collection and storage of housing is being accelerated in various places. According to the announcement from the Hefei Housing Bureau on September 9th, Hefei Anju Holdings Group Co., Ltd. plans to acquire completed stock commodity houses for allocation or rental affordable housing, and is collecting completed stock commodity houses in the corresponding administrative areas of Hefei City, Anhui Province. Interviewed experts said that currently, many places have proposed to support state-owned enterprises in acquiring existing houses for affordable housing. It is expected that more cities will follow suit in the collection and storage of housing, which will help accelerate the stabilization and recovery of the real estate market. Moreover, with the arrival of the traditional peak season for the real estate market sales, coupled with favorable policies, it is expected that some potential demand will gradually be released. (Shanghai Securities News)
5. Notice of the Housing Provident Fund Management Bureau of Hainan Province on the post-disaster recovery and reconstruction work supported by the housing provident fund for Typhoon Capricorn.
Notice from the Housing Provident Fund Management Bureau of Hainan Province on the post-disaster recovery and reconstruction work supported by the housing provident fund for Typhoon Capricorn, supporting depositors to withdraw the housing provident fund for the reconstruction and repair expenses of damaged houses. The amount of the withdrawal standard is determined by multiplying the damaged building area by 1,800 yuan per square meter.
6. Shanxi Yuncheng: The minimum down payment ratio for housing provident fund loans for first and second homes is 20%.
The Housing Provident Fund Management Center of Yuncheng, Shanxi Province further optimizes and adjusts its policy measures. In terms of provident fund loans, the new policy proposes that for the purchase of self-occupied commercial housing, the minimum down payment ratio for first and second homes is 20%; for the purchase of affordable housing, the minimum down payment ratio is 15%. In addition, for high-level talents, families with two or more children, and active military personnel, the maximum amount of housing provident fund loans is increased by 20% on the basis of the current policy. Furthermore, the "acknowledged loan" criterion for housing provident fund loans is optimized, and provident fund loans that were disbursed before December 31, 2014 and have been fully repaid before applying for a new loan will no longer be counted in the number of provident fund loans.
7. Shenzhen optimizes rules and plans to list for sale 3 residential plots, with the land being exchanged for the certificate upon completion.
The Planning and Natural Resources Bureau of Shenzhen recently issued an announcement, planning to sell 3 quality residential plots in the Houhai Headquarters Base, Bao'an Center District, and Airport Gateway Area. The announcement also includes the optimization and adjustment of various rules for land auction and architectural design, such as the highest bidder getting the land, the land being exchanged for the certificate upon completion, the sale of finished houses, and the certificate being issued upon delivery, in order to create good houses, good neighborhoods, good communities, and good services.
8. Shandong Tai'an: Collecting completed but unsold commercial housing for affordable housing.
On September 6, the Tai'an Municipal Housing and Construction Bureau announced a new policy aimed at converting completed but unsold commercial housing in the main urban area of Tai'an into affordable housing. This policy follows the working idea of "government-led, market-oriented operation", emphasizes marketization and the rule of law, and encourages independent decision-making and voluntary participation. Tai'an Taishan Zhi Property Management Co., Ltd. has been designated as the acquisition entity and is responsible for purchasing these commercial houses at a reasonable price. The price will be based on the resettlement price of affordable housing in the same area, including land allocation costs, construction costs, and a profit of no more than 5%. The collection activities will start on September 7, 2024, and end on September 15, targeting qualified unsold commercial housing in the main urban area of Tai'an. In order to ensure the quality of the housing supply, the collected housing units must meet the following criteria: the project has obtained a completion certificate; the individual commercial housing unit has a building area of no more than 120 square meters; the ownership is clear and can be registered for the real estate certificate and traded; the project is conveniently located with complete supporting facilities and meets certain parking space requirements; priority is given to entire buildings or units that are unsold and can be managed in a closed manner; and the asset and liability and legal relationships are clear.
9. The Housing and Urban-Rural Development Bureau of Bengbu City, Anhui Province, announced on September 6 that the first batch of commercial housing will be collected for use as guarantee housing. This measure aims to promote the stable and healthy development of the real estate market, and follows the working idea of "government-led, market-oriented operation", and follows the principles of marketization, legalization, and voluntary principles. The city-owned state-owned enterprises will collect within the main urban area. The collection scope is limited to the unsold commodity housing projects that have been completed in the urban area of Bengbu City. The participating housing sources must meet five conditions: First, the affiliated project must have obtained the completion acceptance record certificate; second, the housing source should be a single unit with a building area not exceeding 120 square meters; third, the ownership should be clear, without sealing, freezing, and mortgage, can be traded on the market; fourth, the project surroundings should have convenient transportation and complete supporting facilities, and meet certain parking space ratios; finally, priority will be given to unsold whole buildings or units that can be closed and managed. The first collection activity is scheduled from September 6, 2024 to September 13, 2024.
On September 6, the Housing and Urban-Rural Development Bureau of Bengbu City, Anhui Province, announced that the first batch of commercial housing will be collected for use as guarantee housing. This measure aims to promote the stable and healthy development of the real estate market. The initiative aims to promote a new model of real estate development, following the working idea of "government-led, market-oriented operation". It follows the principles of marketization, legalization, and voluntary principles. The collection will be carried out by city-owned state-owned enterprises in the main urban area. The collection scope is limited to unsold commodity housing projects that have been completed within the urban area of Bengbu City. The participating housing sources must meet five conditions: Firstly, the associated projects must have obtained completion and acceptance filing certificates. Secondly, the housing sources should be single units with a building area not exceeding 120 square meters. Thirdly, the ownership must be clear, with no seizures, freezes, or mortgages, and be available for trading on the market. Fourthly, the surrounding projects should have convenient transportation and complete supporting facilities, and meet certain parking space ratios. Lastly, priority will be given to unsold whole buildings or units that can be closed and managed. The first collection activity will take place from September 6, 2024 to September 13, 2024.
10. Poly Development's contracted amount from January to August 2024 was 220.769 billion yuan, a decrease of 26.2% compared to the previous year.
On September 9, Poly Development Group Co., Ltd. released a sales briefing for August 2024. The announcement showed that in August 2024, Poly Development signed contracts for an area of 1.2543 million square meters, a decrease of 21.83% compared to the previous year; the contract amount was 22.115 billion yuan, a decrease of 29.36% compared to the previous year. From January to August 2024, Poly Development's accumulated signed area was 12.2464 million square meters, a decrease of 28.89% compared to the previous year; the contract amount was 220.769 billion yuan, a decrease of 26.2% compared to the previous year. On the same day, Poly Development announced the acquisition of a real estate project through bidding and auction, successfully obtaining the real estate project on the south side of Maojiajiao Road, Qingpu District, Shanghai. The land is for residential use, with a land area of 14,008 square meters and a planned floor area ratio of 28,015 square meters. The price to be paid is 428.63 million yuan, and the project has a 100% equity stake.
11. China Railway Construction Corporation's 8 billion yuan public bond project has been updated to "under review".
On September 9, according to the information disclosed by the Shanghai Stock Exchange, China Railway Construction Corporation plans to publicly issue corporate bonds to professional investors in 2024. The project status has been updated to "under review". According to the observation of New Media, the main underwriters of this bond issue include Huatai United Securities, CSC and Zhongtai Securities. The total issue amount is expected to reach 8 billion yuan, and the bond type is public. The Shanghai Stock Exchange accepted the bond issuance application on September 9, 2024, and has provided feedback.
12. In August of this year, there were approximately 218 transactions of commercial and industrial properties in Hong Kong, a decrease of about 20 transactions compared to the previous month.
On September 9, according to the statistics of Centraline (Commercial and Industrial Properties), Hong Kong recorded approximately 218 transactions of commercial and industrial properties in August this year, a decrease of about 20 transactions compared to the previous month. The transaction amount was approximately 6.079 billion Hong Kong dollars, an increase of about 1.2 times compared to the previous month. Among them, there were approximately 45 transactions of commercial properties, a decrease of about 6 transactions compared to the previous month. The transaction amount was approximately 0.87 billion yuan, a decrease of about 6.04% compared to the previous month. Pan Zhiming, the Managing Director of Centraline (Commercial and Industrial Properties), stated that the market sentiment of waiting and seeing continues to be strong, and the market is in a state of contention between good and weak. Many investors are waiting for the interest rate trend in September and postponing their decision to enter the market. Some users took advantage of the rate cut and took the opportunity to enter the market with a large volume, causing a decrease in the volume and an increase in prices of commercial and industrial properties. He predicts that the market is confident that the US Federal Reserve will cut interest rates within this month (September), and believes that this will stimulate investors to implement their decision to enter the market. The transaction performance of commercial and industrial properties in September is expected to improve.