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After being interviewed by the Ministry of Housing and Construction, the down payment of the second apartment in Shenyang property market regulation and upgrading was raised to 50%.
Sep 7,2020 08:32CST
translation
Source:Financial Union
The content below was translated by Tencent automatically for reference.

SMM: Shenyang Real Estate Bureau and Shenyang Natural Resources Bureau of Liaoning Province jointly issued a notice, the notice mentioned that strict differential credit tax policy, maintain the stable and healthy development of the real estate market, require strict control of the premium rate of housing land sales, formulate strict management measures for the competitive construction of real estate development projects, strengthen the supervision of the whole process, and strictly regulate the behavior of selling without permission in accordance with the law. At the same time, the down payment proportion of the first commercial housing purchased by individuals will be strictly enforced, and the down payment proportion of the second commercial housing will be raised to 50%.

The notice stresses that the premium rate for the transfer of housing land will be strictly controlled. Adopt the methods of "limiting house prices, competing for land prices", "limiting land prices, competing for construction, competing for ownership" and other ways to sell housing land. The competitive construction and self-supporting parts of real estate development enterprises shall not be included in the cost of commercial housing development and construction.

The notice also mentioned that strict management measures for the competition and construction of real estate development projects should be formulated, the supervision of the whole process should be strengthened, and the synchronous design, examination and approval, construction, acceptance and delivery of competitive facilities and commercial housing construction should be ensured.

In addition, according to the official website of the Ministry of Housing and Construction, on August 26, the Ministry of Housing and Construction convened relevant responsible persons of the housing and construction departments of Yinchuan, Shenyang, Changchun, Chengdu, Tangshan and Changzhou to hold a real estate work conference in Beijing, emphasizing the need to unswervingly adhere to the positioning of "houses are for living, not for speculation," to ensure the realization of stable land prices, stable housing prices, and stable expectations.

Ding Zuyu, chief executive of Yiju China, pointed out that the typical feature of these cities is that among the 70 cities announced by the National Bureau of Statistics, they have repeatedly ranked among the top 10 month-on-month increases in the prices of new and second-hand houses across the country.

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