Recent News

Company News

Location:Home > News & Resources > Company News

Limit purchase and upgrade! Expanding the Limited Sale Scope in Suzhou and Suppressing Speculative Real Estate speculation

Date:2019-07-25 Hits:1634



Following May, the regulation and control of real estate in Suzhou has increased the restrictions on the sale of new and second-hand housing in the real estate market. It is worth noting that this is the fourth time in Suzhou to add code.



On July 24, the website of the Suzhou Municipal People's Government issued Opinions on Further Perfecting the Steady and Healthy Development of the Real Estate Market in our city (hereinafter referred to as Opinions).



It is pointed out that restrictive transfer measures should be implemented for newly-built commercial housing and second-hand housing in Suzhou. New commercial housing projects (including those that have already obtained pre-sale license and have not yet started online signature) within the scope of Suzhou can be transferred only after three years from the date of acquisition of the real property certificate by the purchaser. Housing can be transferred only after five years of acquisition of a new real property certificate through market transactions.



At the same time, when non-registered household families apply for the purchase of the first set of housing in Suzhou, Kunshan and Taicang, they should provide certificates of payment of personal income tax or social insurance (urban social insurance) for two or more years in succession within three years from the date of purchase.



The above opinions have been formally implemented since July 25.



Regarding the regulation of Suzhou's property market, China Securities Daily quoted Yan Yuejin, director of research at the think tank center of Yiju Research Institute, 24, as saying that the policy announcement in Suzhou was slightly ahead of market expectations, because Suzhou had already implemented stricter policies. This fully reflects the orientation of the long-term development of real estate, and also reflects the current policy thinking of "stabilizing land prices, stabilizing house prices and stabilizing expectations".



Yan Yuejin believes that from the policy content, it is more detailed, and tightening is the main feature, which has a more positive effect on combating investment speculation demand and promoting the smooth development of the market. "The expansion of the scope of restrictions on sales is a significant tightening of Suzhou's current policy. In the adjustment of housing purchase policy for residents, Kunshan and Taicang are included in the scope of strict restrictions on purchasing, which is related to the speculation of speculators in this kind of housing market in the past two years. The tightening of policy means that the demand for housing purchase is higher and helps to crack down on the demand for housing speculation.



In addition, he also pointed out that the increase was similar to the previous call-off of Kaifeng's policy of loosening the bondage and restricting sales, that is, housing speculation is still the policy logic of the second half of this year. Relevant market participants must fully realize the importance of stabilizing the market at present. The introduction of similar policies can form better conditions for the follow-up control of investment speculation demand and stable expectations.



In May this year, the Ministry of Housing and Construction held an interview in Suzhou. Subsequently, Suzhou took three steps to regulate the real estate market. At that time, it made adjustments to restrictions on sale and land supply.



On May 11, Suzhou limited the sale of new houses for 3 years in the whole area of Suzhou Industrial Park and some key areas of Suzhou High-tech Zone, and for 5 years in the whole area of Suzhou Industrial Park. In the whole area of Suzhou Industrial Park, new commercial housing with pre-sale license will be purchased first.


On May 16, Suzhou readjusted the degree policy of newly purchased housing in industrial parks, and the "five-year one degree" was adjusted to "nine-year one degree". More than one child in the same family was not restricted, and the policy was implemented on the same day.



On May 17, Wujiang District of Suzhou issued the Supplementary Announcement on the Listing and Assignment of Land Block No. 7 Announcement of Wudi Net (2019). The total market guiding price, the suspension price of online bidding and the one-time quotation of the land block were all reduced.



In addition, according to the housing price report of Baicheng City of China of Yiju Research Institute, in the first half of this year, the housing prices of all districts in Suzhou have increased annually. Among them, the average price of Xiangcheng District, where the original house price was lower, has reached 23,359 yuan/square meter, an annular increase of 22.74%, which is almost the same as the average transaction price of 23,692 yuan/square meter in Suzhou High-tech Zone. Average trading price rose by nearly 9% annually.



In the first half of 2019, the average transaction price of second-hand housing in Suzhou increased by more than 5% compared with the same period last year, and the increase was relatively large.



Vietnam HDMI Mobile Data Line Co., Ltd. is a manufacturer of mobile data line specializing in customization, development, design, manufacture and sale of USB 2.0 data line, USB 3.0 data line, Type C data line, network line, data line and other connection lines. Has a complete and scientific quality management system, through the ISO 9001 international quality management system certification; National Consulting Hotline: 86-755-88210101~2