China News Service, Guangzhou, September 30 (Reporter Xu Qingqing) Following Beijing and Shanghai, Guangzhou also announced new policies for the property market. The Guangzhou Municipal Housing and Urban-Rural Development Bureau, the Guangzhou Municipal Planning and Natural Resources Bureau, and the Guangdong Supervision Bureau of the State Financial Supervision and Administration Bureau jointly issued implementation opinions on September 30 on the implementation of the "Notice on Improving the Commercial Housing Sales System."
The implementation opinions propose that the sales of existing commercial housing should be implemented in an orderly manner. Starting from August 28, commercial housing projects that newly announce the transfer of land will give priority to the sale of existing houses. Development companies must obtain a residential building construction permit to collect deposits for existing houses. The deposit must not be higher than 5% of the total price of the house, and all deposits must be deposited into the supervision account. Supervision can only be lifted after the project is completed and accepted and recorded, and the supporting facilities meet the delivery conditions.
Starting from August 28, projects with newly signed loan contracts will implement the host bank system. Real estate development enterprises' development loans, self-owned funds, existing house sales funds, etc. are all included in the management of the host bank's capital account. The implementation opinions also stated that for projects that implement existing home sales and pre-sales, the reasonable financing needs of the projects should be met in accordance with market-oriented principles, and development loan support for existing home sales projects and safe, comfortable, green, and smart "good house" projects should be increased.
In terms of land supply, land for commercial residential projects will be sold on a net basis, supporting "starting construction as soon as the land is obtained." For commercial residential land with a transfer announcement issued after August 28, the transfer price can be paid in installments. The down payment should be paid within 30 natural days from the date of signing the transfer contract, and the proportion should not be less than 50% of the total price. The balance can be paid within one year after the transfer contract is signed; combined with the specific project and market conditions, after making a decision according to the prescribed procedures, it can be extended by no more than one year; if the payment is made in installments, no interest will be included.
In addition, the implementation opinions also proposed to support the project to apply for construction project planning permission, construction project construction permission, civil air defense project construction application, commercial housing pre-sale permit, commercial housing existing housing sales record and completion acceptance record in phases. The relevant buildings should have independent use functions, clarify the construction sequence and delivery time of supporting facilities in each phase, and meet the access conditions for municipal public service facilities such as roads, water supply, electricity, gas, communications, and fire protection.
Industry insiders said that this move will force developers to speed up full circulation operation management and accelerate their transformation into operators that create high-quality products. It is expected that more cities will speed up the follow-up and issue implementation details, and the wait-and-see mood in the market caused by policy uncertainty is expected to gradually ease.
On that day, the core plot HZ0305401-CZTB in Pazhou South District, Haizhu, Guangzhou went through 41 rounds of bidding and was sold for RMB 3.81687 billion, with a premium rate of 26.5%. The transaction floor price was 55,385 yuan/square meter, which is equivalent to a salable floor price of 57,061 yuan/square meter.
