Mini Program: Daily real estate industry dynamics summary

1. The Political Bureau of the CPC Central Committee held a meeting: We must promote the real estate market to stabilize

The Political Bureau of the CPC Central Committee held a meeting on September 26. The meeting stressed that it is necessary to increase the intensity of countercyclical adjustments in fiscal and monetary policies, ensure necessary fiscal expenditures, and do a good job in the "three guarantees" at the grassroots level. It is necessary to issue and use long-term special treasury bonds and local government special bonds to better play the role of government investment in driving development. It is necessary to lower the deposit reserve ratio and implement a strong interest rate cut. It is necessary to promote the real estate market to stop falling and stabilize, strictly control the increase in commercial housing construction, optimize the stock, and improve the quality, increase the loan issuance of "white list" projects, and support the revitalization of idle land. (Xinhua News Agency)

2. Poly Development fired the first shot of "price guarantee"

Recently, several city projects under the central enterprise Poly Development announced "price guarantee plans". For example, the "Poly Tianjun" project of Wenzhou Poly announced that "if the discount of similar houses (only residential houses) in the Tianjun project is lower than the buyer's current discount (compared with the registered price) in the later online signing, or there are any disguised discounts such as additional property fees, parking spaces, home decoration packages, etc., the buyer can return the house without reason (excluding interest on the house price)". According to reporters, similar commitments are also being promoted simultaneously in some projects of Xi'an Poly, Sichuan Poly, Jinan Poly, Chengdu Poly, and Guangdong Poly. For example, Xi'an Poly launched "Buy expensive and enjoy worry-free exchange; exchange old for new, save up to 100,000 yuan immediately", and more than 20 projects under Sichuan Poly on sale participated in the launch of "price guarantee until next year, worry-free purchase of good houses, high exchange for low, and expensive purchase 'bottom line'" and other price guarantee plans. (China Real Estate News)

3. Hangzhou launches a "trade-in" campaign for commercial housing

To promote housing consumption, the Hangzhou Real Estate Agency Industry Association announced the launch of the "Old for New" campaign. The campaign encourages home buyers, developers and brokerage agencies to sign a tripartite agreement to lock in new homes by setting a "free period". During this period, if the old house is sold, the purchase of the new house can continue; if it is not sold, the developer can cancel the subscription agreement. This measure is aimed at better supporting rigid and improved housing demand. (Qianjiang Evening News)

4. The reduction in existing mortgage loans has not yet taken place, and some homebuyers have already planned to travel. The industry expects that this may be implemented in October

"If the interest rate on my second home loan can really be lowered a bit, I'm planning to go traveling." On September 25, Chen Yi, who lives in Beijing, told reporters that after hearing the news that the interest rate on existing mortgages was about to be lowered, she immediately consulted the bank's mortgage account manager. Although the reply she received was "not so fast" and "still need to wait for the details to be released", Chen Yi is still full of expectations. Insiders from several banks told reporters that the banks are currently waiting for specific implementation details from the financial regulatory authorities and are debugging equipment. Some bank officials predict that the adjustment of the interest rate on existing mortgages will be implemented as soon as after the National Day holiday. According to the central bank's estimates, this round of adjustment of the interest rate on existing mortgages will benefit 50 million households and 150 million people, and will reduce the total interest expenditure of households by about 150 billion yuan on average each year. (Beike Finance)

5. Wenzhou: Supporting housing voucher resettlement recipients to use housing provident funds, and increasing the loan amount for purchasing allocated affordable housing by 20%

According to the WeChat public account "Wenzhou Release", starting from September 25, Wenzhou City, Zhejiang Province, adjusted the relevant policies and regulations on housing provident funds, involving the withdrawal quota of provident funds, loan quotas and other aspects. Increase the provident fund loan quota, adhere to renting first, and further optimize the policy of withdrawing provident funds without housing. First of all, further increase the monthly withdrawal quota for no housing. For families of contributing employees who do not own houses within the scope of the deposit area delineated by the county (city) level administrative area (Lucheng District, Longwan District, Ouhai District, and Dongtou District are considered as a deposit area), if they apply for the withdrawal of housing provident funds without a house, the monthly withdrawal quota will be increased from 1,600 yuan to 1,800 yuan. The first housing loan quota for new citizens and young people can be increased by 150,000 yuan. For the purchase of allocated and sold affordable housing, the provident fund loan quota will be increased by 20%.

6. Zhuzhou, Hunan: If the housing provident fund loan has been paid off, there is no limit on the number of loans you can apply for again

According to the WeChat public account "Zhuzhou Housing Provident Fund" on September 25, Zhuzhou City, Hunan Province, issued 10 measures for housing provident funds to help the real estate market develop steadily and healthily, involving aspects such as provident fund loan quotas. The document proposes to cancel the number of loans and housing area restrictions. If the housing provident fund loan of the depositor has been settled, the number of loans applied for the housing provident fund loan again will not be restricted. The restriction that the floor area of ​​the house for applying for housing provident fund loans shall not exceed 180 square meters is cancelled. The housing provident fund loan quota is increased. The maximum amount of housing provident fund loans for depositors is adjusted from 700,000 yuan to 800,000 yuan (regardless of single and double working people); the maximum amount of loans for families with two or more children (with at least one underage child) is adjusted from 800,000 yuan to 1 million yuan. When calculating the borrower's repayment ability, the ratio of monthly repayment amount (including other debts) to monthly income is adjusted from 50% to 60%.

7. Daqing, Heilongjiang: The maximum housing provident fund loan for families with multiple children is 800,000 yuan, and the appraisal price is cancelled for the purchase of new houses.

The Housing and Urban-Rural Development Bureau of Daqing City, Heilongjiang Province and seven other units jointly issued a notice to implement the "Several Measures on Further Promoting the Stable and Healthy Development of the Real Estate Market in Daqing City" to ensure its full implementation. Daqing City has also introduced seven new housing provident fund measures, which will be implemented immediately. According to the Credit Management Section of the Daqing Housing Provident Fund Management Center, first, the maximum loan amount for depositors to purchase newly built self-occupied housing in Daqing City has been increased from 20 times to 30 times the account balance; second, the purchase of newly built self-occupied housing currently on sale in the city previously required a value assessment, but now it is determined according to the price registered in the online contract, and the value assessment has been cancelled; third, the maximum housing provident fund loan amount for families with two and three children in Daqing City has been increased to 700,000 yuan and 800,000 yuan respectively. (The Paper)

8. The housing rental allowance for talents in Jixi City, Heilongjiang Province has been increased to RMB 20,000 per year per household.

On September 26, the Housing Provident Fund Management Committee of Jixi City, Heilongjiang Province, issued a notice on adjusting the preferential policies of the housing provident fund in our city, among which the upper limit of the withdrawal amount for talent families to rent a house was increased from 18,000 yuan/year/household to 20,000 yuan/year/household. The document pointed out that the first is to adjust the scope of talent identification, and add "A, B, C, D, and E talents recognized by the province and city" to the scope of talents enjoying the provident fund policy on the basis of "urgently needed high-level talents and full-time undergraduate and above graduates introduced by the Municipal Party Committee Organization Department and the Municipal Human Resources and Social Security Bureau; talents with professional and technical titles of associate senior and above and high-skilled talents of technicians and above who are hired and paid wages by their units". Second, increase the withdrawal amount for talent rental. The upper limit of the withdrawal amount for talent families to rent a house was increased from 18,000 yuan/year/household to 20,000 yuan/year/household. Third, increase the relationship between the loan amount and the balance of accounts and assets of talents and families with two or three children. The “maximum loan amount shall not exceed 15 times of its balance” shall be adjusted to “the maximum loan amount shall not exceed 20 times of its balance”.

9. Midland: Hong Kong's second-hand housing market continues to cool, with registration volume in September likely to hit a seven-month low

On September 26, according to the data from the Hong Kong Land Registry compiled by the Midland Realty Research Center, the Hong Kong secondary HOS market has been weak recently. In the first 24 days of September, the number of registrations for secondary HOS (including the free market with land premium paid and the secondary market without land premium paid) totaled 266, down about 17.1% from 321 in the same period of August. The total number of registrations for the whole month is expected to be about 330, which will fall for the fourth consecutive month and hit a seven-month low. Compared with the overall secondary residential market, the performance of secondary HOS is even worse, with the latter's registration volume falling by about 15.2% month-on-month.

10. Freddie Mac: Mortgage annual growth rate in August was 4.2%, and single-family home refinancing reached US$4.6 billion

On September 25, Freddie Mac released its latest data report, showing that the annualized growth rate of the total mortgage portfolio in August was 4.2%. Among specific loan types, the purchase and guarantee amount of single-family residential refinancing loans reached US$4.6 billion. In addition, the delinquency rate of single-family homes rose slightly from 0.51% in July to 0.52% in August, while the delinquency rate of multi-family homes fell from 0.39% in July to 0.38% in August.

11. US new home sales fell 4.7% month-on-month in August

On September 26, the latest data released by the U.S. Department of Commerce showed that U.S. new home sales fell 4.7% month-on-month in August, slightly lower than the market's expected 5.3% decline and a previous increase of 10.6%. The seasonally adjusted annual sales rate in August was 716,000 units, exceeding the market's expectation of 700,000 units, and the previous value was revised from 739,000 to 751,000 units.

Article forwarded from: Jinshi Data