SMM News: yesterday, thepaper.cn reported that Suzhou held a forum on the real estate industry, if several major indicators of the property market are not controlled will be increased in July, including expanding the scope of sales restrictions, raising the social security threshold for outsiders to buy houses, and so on.
A number of media later confirmed the forum in their reports. According to participants, Suzhou has reported a long-term regulation and control plan for real estate to the Ministry of Housing and Construction, and "both rent and sale" is one of the important aspects, Jingshen said in a newspaper on Tuesday, May 28.
On May 18, Xinhua reported that the Ministry of Housing and Construction issued an early warning for Foshan, Suzhou, Dalian and Nanning, where the price index of new commercial and second-hand housing has risen significantly in the past three months. The Suzhou real estate industry forum was held on May 24, thepaper.cn reported on Monday.
At present, some areas of Suzhou have implemented new housing sales limit for three years, second-hand housing sales limit for three years. Media reports have mentioned that after the increase in regulation and control in the future, the sales restriction area may be further expanded.
The interface report also mentioned that in addition to expanding the sales restriction area, the increase in regulation and control also includes the number of years for outsiders to pay taxes on social security from one year to two years.
The recovery of the property market in Suzhou began after the Spring Festival. Demand for home ownership in Suzhou has continued to release since March, and sales of commercial housing in Suzhou rebounded sharply in March, up 54 per cent from a year earlier and 111 per cent from a month earlier, according to Kiri data.
At the end of April, the Suzhou local auction market also warmed up, and "local kings" appeared frequently. The price of the land sold on April 29 was 30287 yuan per square meter, far exceeding the market guidance floor price of 27501 yuan per square meter, and breaking the previous record of 28057 yuan per square meter for land in industrial parks.
Ke Rui data also show that since the introduction of the regulation and control of the property market in Suzhou on May 11, the transaction area of commercial housing in Suzhou fell 27% month-on-month from 13 to 18 May, but in the latest week (that is, 20-26 May), the transaction area rose again. It's up 10% from the previous month.
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