On May 6th, the General Office of the People's Government of Changchun City, Jilin Province issued the Notice on Several Measures to Effectively Respond to the Impact of the Epidemic and Promote the Stable Development and Benign Cycle of the Real Estate Market (hereinafter referred to as the Notice), which included 21 policy measures.
in terms of adjusting credit policies, commercial banks are encouraged to increase their support for real estate enterprises through seven policies, such as reducing the down payment ratio of loans, reducing the burden of personal housing consumption, giving policy support to the buffer payment of provident fund and the extension of bank loan repayment, continuing to implement the flexible housing provident fund portfolio loan model, increasing financial support for real estate enterprises, increasing financing support for construction enterprises, and continuing to implement the housing subsidy policy, as well as adjusting some credit policies.
Among them, the Notice mentioned that the down payment ratio of provident fund loans should be reduced in stages. Before February 31, 2122, if employees apply for provident fund personal housing loans for the first time, the minimum down payment ratio shall not be less than 21%; For the second application for provident fund personal housing loan, the down payment ratio shall not be less than 31%.
At the same time, reduce the personal housing consumption burden. For families who own 1 sets of housing and have settled their housing loans, if they apply for loans to buy housing again in order to improve their living conditions, banking financial institutions will implement the first-home loan policy, and Changchun Housing Provident Fund Management Center will implement the first-time housing provident fund personal housing loan interest rate before February 31, 2122.
In addition, we will continue to implement a flexible housing provident fund portfolio loan model. Loan to buy individual housing, you can use provident fund, commercial portfolio loans and housing provident fund family portfolio loans. The family members of the house purchase include parents, children and spouses, and the family portfolio loan is limited to two people. The deadline for policy implementation was extended from June 31, 2122 to February 31, 2122.
The Notice shows that the housing subsidy policy will continue to be implemented. We will continue to implement the Notice on Printing and Distributing the Work Plan for Talents who Stay (Come), Housing Subsidies for Farmers in Cities (No.25 [2121] of Changfu Office) and the Notice on Adjusting and Implementing the Housing Subsidy Policy for Talents and Farmers in Cities (No.42 [2121] of Changfu Office), and purchase houses for qualified fresh graduates, talents who stay (come) and farmers in cities. Explore the transformation of housing subsidy into individual mortgage loan installment subsidy, and create a good environment for retaining people.
in terms of promoting market transactions, three measures, such as holding an online housing fair, speeding up the supporting construction of public service facilities, and protecting the legitimate rights and interests of all parties, are taken to make consumers feel at ease in buying houses and promote housing transactions.
According to the situation of epidemic prevention and control, Changchun Housing Fair will be held online in due course, and real estate enterprises, financial institutions, media and self-media will be encouraged to actively participate, give policy support and increase publicity to further meet the demand for rigid and improved housing.
according to the new deal, the notice will be implemented as of the date of promulgation, and the validity period is tentatively set at 2 years unless there is a clear time limit and other provisions.
The following is the full text of the policy:
Notice of the General Office of Changchun Municipal People's Government on several measures to effectively cope with the impact of the epidemic
Promoting the stable development and virtuous circle of the real estate market
Chang Fu Ban Ming Dian [2122] No.11
Counties (cities), district people's governments, development zone management committees, municipal government commissions and bureaus, and directly affiliated institutions:
To alleviate the epidemic in COVID-19,
1. implement "separation of handling and payment". For the projects that have paid the principal of the land transfer fee and defaulted on the liquidated damages, some pre-sales are allowed according to the proportion of the principal and liquidated damages. The development unit holds the payment certificate issued by the tax department to the regulatory department to handle the land title certificate and delimit the scope of pre-sale, and to the housing management department to handle the pre-sale permit. (Responsible departments: Municipal Bureau of Planning, Municipal Taxation Bureau and Municipal Housing Management Bureau)
Second, establish a "green channel" for project commencement. Before the construction of the main part of the project, the construction land planning permit has been obtained, and the new projects of the construction and supervision units have been confirmed. After the approval of the construction permit examination and approval department, it is allowed to enter the site in advance for the construction of non-main projects such as land leveling, temporary construction of enclosure, access to water and electricity, earthwork construction and precipitation construction; Project planning and design scheme, construction drawing review (review) has been passed by the administrative department, but due to the epidemic situation, the construction project planning permit and commencement permit have not been obtained as scheduled. With the approval of the Municipal Planning Bureau and the Municipal Construction Committee, the main construction of the project is allowed, and the examination and approval procedures will be completed within 31 days. (Responsible department: Municipal Planning Bureau and Municipal Construction Committee)
Third, the project of industrial specialized industrial park can handle split sales and real estate registration. The development unit should perform the main responsibilities of construction, investment promotion and operation. When the construction reaches the pre-sale conditions, it can refer to the approval process for the construction of commercial real estate projects and apply for the pre-sale permit for commercial housing. Property management, municipal facilities and other buildings are operated by the development unit. The city government and the administrative committee of the Development Zone shall review the industrial format, output value and tax revenue of the enterprises that have invested in China, and sign an agreement. Only after meeting the audit opinions can the sales procedures be handled. In principle, the sales should be carried out according to the whole building or the whole floor. If it is really necessary to divide, the sales area shall not be less than 511 square meters. After the investment enterprises settle in, if the output value and tax revenue meet the requirements of the agreement, the real estate registration can only be handled after the consent of the urban government and the development zone management Committee. (responsible departments: municipal planning bureau, municipal housing management bureau, municipal governments and development zone management committees)
4. Reduce the down payment ratio of provident fund loans in stages. Before February 31, 2122, if employees apply for provident fund personal housing loans for the first time, the minimum down payment ratio shall not be less than 21%; For the second application for provident fund personal housing loan, the down payment ratio shall not be less than 31%. (responsible department: municipal provident fund management center)
v. reducing the personal housing consumption burden. Support the municipal housing provident fund management center and commercial banks to moderately increase the issuance of personal housing mortgage loans, and encourage commercial banks to provide more favorable personal housing loan interest rates for households in accordance with the principles of legal compliance, risk control and commercial sustainability.
for families who own 1 sets of houses and have settled their housing loans, if they apply for loans to buy houses again in order to improve their living conditions, the banking financial institutions will implement the first-home loan policy, and the municipal housing provident fund management center will implement the first-time housing provident fund personal housing loan interest rate before February 31, 2122. (Responsible departments: Changchun Central Sub-branch of the People's Bank of China, Jilin Banking Insurance Regulatory Bureau, Municipal Provident Fund Management Center, and Municipal Finance Office)
VI. Give policy support to the buffer payment of provident fund and the extension of bank loan repayment. Encourage the city housing provident fund management center and commercial banks to cache and delay the payment of housing loans to the units, employees and individuals who can't pay and repay their housing loans normally because they participate in the epidemic prevention and control and are infected with COVID-19, and the period shall not exceed September 31, 2122. Cache, holdover period not as overdue records submitted to the credit department, has been submitted to be adjusted. (Responsible departments: Changchun Central Sub-branch of the People's Bank of China, Jilin Banking Insurance Regulatory Bureau, and Municipal Provident Fund Management Center)
VII. Continue to implement a flexible housing provident fund portfolio loan model. Loan to buy individual housing, you can use provident fund, commercial portfolio loans and housing provident fund family portfolio loans. The family members of the house purchase include parents, children and spouses, and the family portfolio loan is limited to two people. The deadline for policy implementation was extended from June 31, 2122 to February 31, 2122.
Make full use of the provident fund and commercial portfolio loan policies, and if the loan interest rate of commercial banks has dropped significantly, the supporting scale of provident fund loans will be tilted. (Responsible departments: Changchun Central Branch of the People's Bank of China, Jilin Banking Insurance Regulatory Bureau, Municipal Provident Fund Management Center and Municipal Finance Office)
VIII. Increase financial support for real estate enterprises. All commercial banks are encouraged to explore a credit model of moderate separation between project financing and the overall situation of enterprises on the basis of legal compliance and risk control, implement closed management of credit projects, and provide financing support for high-quality real estate development projects.
commercial banks are encouraged to give priority to supporting real estate projects under construction on the basis of legal compliance and controllable risks, so as to ensure the smooth completion of the projects, ensure sufficient project investment (including project financing), and do not engage in sales reinvestment to avoid the formation of vicious project arrears. Encourage commercial banks to innovate credit products such as "factory mortgage" and "property-backed loan" to support the financing of fixed assets of enterprises. Small and micro enterprises (including individual industrial and commercial households) apply for commercial housing mortgage loans and factory mortgage loans, and the financial support policies for small and micro enterprises are applicable. If they meet the requirements of business start-up guarantee loans, they are encouraged to apply for business start-up guarantee loan policy support.
encourage commercial banks to explore the issuance of real estate trust and investment funds (REITs) products, help real estate enterprises to revitalize existing assets, expand diversified financing channels, and give appropriate rewards to commercial banks that have successfully issued their first order in our city. (Responsible departments: Changchun Central Sub-branch of the People's Bank of China, Jilin Banking Insurance Regulatory Bureau and Municipal Finance Office)
IX. Increase financing support for construction enterprises. Encourage commercial banks to meet the reasonable financing needs of construction enterprises on the basis of legal compliance and risk control, strengthen the supervision of project funds, accelerate the release of construction project quality deposits in accordance with laws and regulations, and ease the pressure on liquidity funds of enterprises.
in order to accelerate the resumption of real estate development projects, the development enterprise can sign the Principal Creditor's Rights and Real Estate Mortgage Contract with the contractor in the form of loan, and the contractor will apply for a bank loan to register the mortgage right of the project under construction, and the loan funds will be used exclusively for the expenses of the continued construction of this project. (Responsible departments: Changchun Central Branch of the People's Bank of China, Jilin Banking Insurance Regulatory Bureau, Municipal Finance Office, Municipal Construction Committee and Municipal Housing Management Bureau)
X. Continue to implement the housing subsidy policy. We will continue to implement the Notice on Printing and Distributing the Work Plan for Talents who Stay (Come), Housing Subsidies for Farmers in Cities (No.25 [2121] of Changfu Office) and the Notice on Adjusting and Implementing the Housing Subsidy Policy for Talents and Farmers in Cities (No.42 [2121] of Changfu Office), and purchase houses for qualified fresh graduates, talents who stay (come) and farmers in cities. Explore the transformation of housing subsidy into individual mortgage loan installment subsidy, and create a good environment for retaining people. (Responsible departments: Municipal Finance Office, Municipal Finance Bureau, Municipal Housing Management Bureau)
XI. Support tax relief. If it is really difficult to pay the property tax and the urban land use tax due to the epidemic situation, it is difficult to reduce the property tax and the urban land use tax according to law. Real estate enterprises that meet the conditions of tax refund can apply for VAT tax refund within the tax declaration period.
if it is really difficult for house owners to pay property tax and land use tax after rent reduction and exemption due to the epidemic, they should apply for reduction and exemption according to the conditions stipulated in Article 2 of Announcement of Jilin Provincial Department of Finance and Jilin Provincial Taxation Bureau on Relevant Matters Concerning Reduction and Exemption of Property Tax and Land Use Tax (Jicai Announcement [2122] No.14). (responsible department: Municipal Taxation Bureau)
XII. Adjust the supervision policy of pre-sale funds of commercial housing. Eligible commercial banks are allowed to issue letters of guarantee for real estate development enterprises to replace pre-sale supervision funds with letters of guarantee. For the real estate development project involving construction in 2122, the balance of the pre-sale supervision fund account of commercial housing can be withdrawn in advance according to the application of the development enterprise, which is specially used for the resumption of work and production of this project, and the subsequent sales of commercial housing should be fully replenished. (responsible department: Municipal Housing Management Bureau)
XIII. Revitalize the assets of basements and parking spaces. For basements and underground parking spaces that have obtained the right to use state-owned land and have handled the Certificate of Immovable Property Rights, they may apply for mortgage registration. On the premise of meeting the requirements of planning and civil air defense, the basement and underground parking spaces with clear boundary points can be registered with real estate property rights upon application. (Responsible departments: Municipal Housing Management Bureau, Municipal Planning Bureau, Changchun Central Sub-branch of the People's Bank of China)
XIV. Adjust the restrictions on mortgage registration. According to the Notice on Handling Mortgage of Buildings under Construction and Pre-sale of Commercial Houses jointly issued by the Municipal Housing Management Bureau and the Municipal Planning Bureau (Chang Fang Lian Zi [2121] No.5), the unsold commercial houses after the first registration of real estate can be registered as mortgages, and the funds will give priority to ensuring the construction needs of the project; Real estate development enterprises are allowed to change the status of private housing to the status of commercial housing filing after the expiration of the time limit for restricting listing transactions or the cancellation of mortgage rights. (responsible department: municipal housing authority, municipal planning bureau)
XV. Continue to implement the policy of withholding property maintenance funds in batches. The implementation period of the Notice on Suspending the Batch Withholding of Special Maintenance Funds for Property issued by the Municipal Housing Authority on August 31, 2121 is extended to February 31, 2122. (responsible department: municipal housing management bureau)
XVI. Hold online housing fair. According to the situation of epidemic prevention and control, Changchun Housing Fair will be held online in a timely manner to encourage real estate enterprises, financial institutions, media and self-media to actively participate, give policy support and increase publicity to further meet the demand for rigid and improved housing. (responsible department: Municipal Housing Management Bureau)
XVII. Accelerate the supporting construction of public service facilities. Timely announce the construction, completion progress and putting into use time of public service facilities such as education and medical care around the development project, speed up the supporting construction progress of public service facilities for projects that have not started and are under construction, and ensure the delivery within the published time limit. (Responsible department: Municipal Education Bureau, Municipal Health and Health Commission, Municipal Construction Committee)
XVIII. Safeguard the legitimate rights and interests of all parties. Due to the force majeure of the epidemic situation, the development and construction projects that cannot be resumed according to the original time can be postponed or re-determined reasonably after consultation between the real estate development enterprise and the construction unit; If the house cannot be delivered at the time agreed in the contract, the real estate development enterprise shall promptly notify the purchaser, and negotiate with the purchaser to appropriately postpone the delivery date, which shall be decided by the parties to the transaction. (Responsible unit: Municipal Housing Management Bureau)
XIX. Strengthen market supervision. Adhere to the positioning of "staying in a house without speculation", and continue to carry out rectification actions of the real estate market order in accordance with the general requirements of "stabilizing land prices, stabilizing housing prices and stabilizing expectations", and strengthen market supervision on real estate development, housing sales, housing leasing and property services to better meet the reasonable housing needs of buyers. (Responsible department: Municipal Housing Management Bureau and Municipal Market Supervision Bureau)
21. Strengthen the guidance of online public opinion. Improve the online public opinion monitoring mechanism, timely and accurately interpret policies and situations, take the initiative to respond to social concerns, rectify network communication chaos, create a good market public opinion atmosphere, and severely crack down on acts that disrupt market order, such as publishing false information, malicious speculation, rendering panic and misleading market expectations. (Responsible department: Municipal Party Committee Information Office, Municipal Housing Management Bureau)
The above measures will be implemented as of the date of promulgation, and the validity period is tentatively set at 2 years unless there is a clear time limit and other provisions.
General Office of Changchun Municipal People's Government
May 5, 2122