15 In April, the Office of the People's Government of Zixing City, Hunan Province issued the Notice on Several Measures to Support and Promote the Healthy and Stable Development of Real Estate in Zixing City (hereinafter referred to as "Measures"), which included 12 items, mainly including encouraging reasonable housing consumption, supporting and stabilizing real estate investment, and promoting the healthy and orderly development of real estate.
Jaco, Dean of the Branch of Anjuke Real Estate Research Institute, pointed out that from the policy title, the word "support and promote" highlights the urgency of boosting the property market, and the policy goal is still "healthy and stable development of real estate". Zixing City, as a county-level city in Hunan Province, has less demand for foreign houses and it is more difficult to introduce talents. In the context of the city's policy, the motivation to stimulate the market to pick up through policies will be strong.
From the policy content, the part of encouraging reasonable housing consumption mentioned three kinds of subsidies and incentives: deed tax subsidies, housing subsidies for specific groups and monetary resettlement incentives.
At the same time, the Measures show that platform companies are supported to participate in real estate development, construction and marketing and develop the housing rental market. And encourage group buying and housing enterprises to make profits.
Specifically, the first is to give deed tax subsidies. From April 1 day to February 3 1 day, 2020, those who buy new commercial housing in the central city of our city (within the scope of Dongcheng District of Li Tang, the same below) and have paid the deed tax will be subsidized according to 50% of the deed tax.
The second is to give subsidies to specific people to buy houses and settle down. During the period from April 1 day to February 3 1 day, 2020, the first batch of newly-built commercial housing in the central city of our city was 70- 144㎡, which was given to farmers with local household registration, talents who had registered in foreign-funded enterprises or worked in foreign-funded companies for more than two years, college students who had come to work in our city and professional and technical personnel with intermediate titles at one time144.
The third is to encourage eligible shantytowns in urban villages to transform and implement monetized resettlement. Property owners who choose monetary resettlement and buy houses in the central city of our city will be rewarded with monetary resettlement at a rate of 20,000 yuan per household.
Fourth, support platform companies to participate in real estate development, construction and marketing, develop the housing rental market and meet multi-level and diversified housing consumption.
The fifth is to encourage group buying and housing enterprises to make profits. In principle, units are not supported to raise funds to build houses or organize group purchases in the name of units. City Real Estate Association will take the lead in setting up a group buying network and building a platform for buying houses. Encourage and support reasonable and compliant sales of real estate enterprises.
Insiders pointed out that from the perspective of Zixing's policy, it is mainly reflected in the subsidy level and shantytown renovation, and the time is limited to the second quarter to the fourth quarter of 2020. The deed tax subsidy itself is more reflected in the psychological level of the property market, while the settlement subsidy for specific groups is mainly related to farmers buying houses in cities and introducing talents.
In the part of supporting stable real estate investment, the "Measures" clearly stipulate that land transfer fees can be deferred; The supporting construction cost of urban infrastructure is delayed; According to the regulations of the financial sector, if the individual housing loan fails to repay the loan in time during the epidemic, the repayment period can be reasonably delayed, and the relevant overdue loans cannot be used as overdue records; Meet the housing provident fund loan conditions, to speed up lending; Taxpayers of real estate enterprises can postpone paying taxes after applying for approval. The VAT rate for small-scale VAT taxpayers to obtain taxable sales income is reduced from 3% to 1%.
In the part of promoting the healthy and orderly development of real estate, the Measures mentioned that for buildings that have received construction permits during the year, the original image building requirements should be adjusted to be calculated according to the investment amount when applying for pre-sale, and the pre-sale permit for commercial housing can only be processed after the pre-sale part has completed more than 25% investment (the requirements for prefabricated buildings remain unchanged). The amount of key supervision funds for the pre-sale supervision of new commercial housing will be reduced from 20% to 15%.
At the same time, the project duration and delivery deadline will be appropriately extended. Due to the epidemic situation, the land that has been sold has been postponed and cannot be completed on schedule. The completion time of the project shall be postponed accordingly, and the longest extension period shall not exceed 6 months; For real estate projects that cannot be completed and accepted as scheduled, the delivery period shall be extended according to the online signing time, and the owner of the house shall be informed; Otherwise, it shall be liable for breach of contract as agreed in the original contract. And called for strengthening the supervision and management of the real estate market.
The industry believes that in 2020, the overall market cooling of cities with grades 4 and 5 and below will be greater than that of the first and second lines, and the motivation to relax and stabilize the property market through regulation is too great. It is not excluded that more small and medium-sized cities will follow up and relax.