Latest consulting information of Guangzhou property market

On April 2 1, the General Office of Guangzhou Municipal People's Government issued the Notice on Improving the Policies for the Stable and Healthy Development of Guangzhou's Real Estate Market (hereinafter referred to as the Notice), further tightening the purchase of houses by talents and extending the exemption period of housing value-added tax in the 9 districts from 2 years to 5 years.

The "Notice" shows that it is necessary to strengthen the management of talent purchase policies. Families and single persons (including divorced persons) who enjoy the talent policy of municipal districts must provide proof that they have paid personal income tax or social insurance 12 months in the talent identification area before the date of purchase, and are not allowed to pay back. Seriously investigate and deal with real estate development enterprises and intermediaries who collude with others to resort to deceit, make false reports and impersonate others to defraud talents to buy houses.

Screenshot of official website, Guangzhou Municipal People's Government

Previously, the talent purchase policies in several restricted areas in Guangzhou were not restricted by household registration, social security and individual tax.

Secondly, adjust the VAT exemption period. The period of collection and exemption of individual sales housing value-added tax in Yuexiu District, Haizhu District, Liwan District, Tianhe District, Baiyun District, Huangpu District, Panyu District, Nansha District and Zengcheng District will be increased from 2 years to 5 years.

On the supply side, the notice also stated that it is necessary to increase the supply of affordable housing and accelerate the development of the housing rental market. Increase the supply of rental housing through new construction, allocation and reconstruction. Standardize the development of housing rental market, improve the supporting policy documents of Guangzhou Housing Rental Management Regulations, encourage the development of centralized long-term rental enterprises, and further promote the healthy development of housing rental market.

This is after the beginning of April, Guangzhou once again released the property market regulation policy. On April 2, the General Office of the Guangzhou Municipal People's Government issued the Opinions on Further Promoting the Stable and Healthy Development of the Real Estate Market, which also made precise control over the purchase of houses by talents, requiring that newly purchased houses (including newly-built commercial houses and second-hand houses) that enjoy the talent policy must be transferred after obtaining the certificate of real estate ownership for three years.

Yan Yuejin, research director of the think tank center of Yiju Research Institute, told the reporter of National Business Daily that this policy has tightened actions in terms of talent purchase and value-added tax payment, which further reflects the orientation of not relaxing regulation. Guangzhou's intensive introduction of policies in April has a strong signal significance.

Yan Yuejin said, first of all, Guangzhou has made great efforts in talent introduction in the past two years, but it has also indirectly brought about a substantial increase in housing demand. Therefore, this new policy fills such a loophole, that is, it takes one year of social security for talents to buy a house. This has further cracked down on the behavior of "real estate speculation by fake talents" and has a very strong orientation. If we contact Nanjing's recent policies, we can see that Nanjing and Guangzhou are the first two cities to respond to NDRC's "overall liberalization and relaxation of settlement, talent introduction and real estate regulation".

Secondly, the condition of the exemption period of value-added tax is an important direction of real estate tax adjustment in the last two years. Previously, five cities, including Shenzhen, Wuxi, Shenyang, Chengdu and Guangzhou, have introduced such a value-added tax policy, that is, from the past "full 2" to "full 5". This kind of operation can reduce the impulse of short-term speculation and combat the investment behavior of fast-forward and fast-out. It is expected that other cities will follow similar VAT policies.

In addition, combined with the two policies issued in April, it can be seen that Guangzhou has cracked down on the phenomenon of "real estate speculation by talents" and promoted the restriction of purchases and sales together, which fully shows that the policies on talents and housing purchase have been optimized. Moreover, the high frequency of this round of policies in Guangzhou shows that local governments have strong political awareness and enhanced regulatory initiative, which is helpful to find policy loopholes in time and has positive reference significance for other cities.

National business daily