The new regulations on the purchase restriction of Shanghai property market have come, and social security for non-local household registration needs to be paid for 5 years.

At the press conference. (Source: Dongfang. com. com)

On March 25th, the Shanghai Municipal Government Information Office held a press conference of the municipal government. Gu Jinshan, director of the Municipal Housing and Urban-Rural Construction Management Committee, introduced the relevant situation of "Several Opinions on Further Improving the Housing System and Security System of this Municipality to Promote the Stable and Healthy Development of the Real Estate Market". The "Opinions" will be promulgated and implemented from now on, involving three property market regulation policies, including:

1, non-local household registration, and the qualification for purchasing houses was changed from 2 years to 5 years;

2. 50% down payment for the second suite (ordinary) and 70% down payment (unconventional);

3. It is strictly forbidden to make down payment loans or bridge loans.

Caption: The conference site. Reporter Xiao Junyi photo

For a long time, Shanghai has focused on the housing market system and security system, adhered to the principle of "housing as the center, citizens as the center and ordinary commodity housing as the center", and regarded promoting housing security and serving the people to live and work in peace and contentment as the main line and primary task of the city's housing development. A "four-in-one" housing security system with low-rent housing, public rental housing, affordable housing and resettlement housing has basically been formed, and it has been maintained.

Since the second half of last year, especially on 20 16, the real estate market in this city has been overheated irrationally, and house prices have accelerated. At the same time, some new situations and problems have emerged, such as the resurgence of speculative investment demand, illegal operation of some enterprises and employees, which have aroused great concern from the general public and all walks of life. The municipal party Committee and the municipal government attach great importance to this. As a mega-city, Shanghai, like many international metropolises, has always faced enormous challenges such as population, transportation, environment and housing. Especially the housing problem, commercial housing is a special commodity, which needs constant attention, timely release comprehensive and objective authoritative information, maintain market order, stabilize market expectations and meet the basic housing needs of the broad masses of people.

In order to further improve the city's housing market system and security system and promote the stable and healthy development of the real estate market, Shanghai will continue to adhere to the city's housing construction management policies of "two systems", "three modernizations" and "four in one" and further improve relevant policies and measures according to the national management requirements for the real estate market. The housing market system will continue to focus on housing and pay more attention to supporting the first and improved housing demand; Adhere to the people-oriented, pay more attention to meet the registered population and stable employment of non-registered population in this city, and ensure the housing needs of talents introduced by science and technology innovation centers; Adhere to ordinary commodity housing, and pay more attention to the housing needs of medium and low-priced units and small and medium-sized units. The housing security system will adhere to government leadership, social participation and market operation, speed up the improvement of various systems and mechanisms, take multiple measures simultaneously, and do our best to solve the housing difficulties of low-and middle-income families.

In accordance with the unified arrangements of the Municipal Party Committee and the Municipal Government, the Municipal Housing and Urban-Rural Construction Management Committee, the Municipal Bureau of Planning, Land and Resources Management, the Municipal Administration for Industry and Commerce, and the Municipal Financial Services Office jointly formulated "Several Opinions on Further Improving the Housing Market System and Security System of this Municipality to Promote the Stable and Healthy Development of the Real Estate Market" (hereinafter referred to as "Several Opinions"), which has been deliberated and adopted by the municipal government executive meeting and will be promulgated and implemented from now on. The city will establish a joint meeting system, further strengthen the supervision of the real estate market, strengthen overall coordination, improve the supervision mechanism, strengthen the follow-up analysis and judgment of the real estate market, timely study and improve relevant policies and measures, and jointly promote implementation. The district and county governments will organize, coordinate and implement the supervision responsibilities of the local real estate market in light of the local conditions.

The "Several Opinions" clearly further strengthen the supervision of the real estate market, standardize business practices, and seriously investigate and deal with illegal acts. Strengthen the pre-sale management of commercial housing to prevent real estate hoarding. Strengthen the management of real estate intermediaries and employees, and establish a third-party supervision system for second-hand housing transaction funds. Strengthen law enforcement, investigate and deal with real estate development enterprises and real estate intermediaries involved in illegal acts such as "hoarding houses, speculating house prices, false advertisements, and using improper means to trick consumers into trading" according to regulations, and incorporate relevant information into the public credit information service platform of this Municipality. It is strictly forbidden for real estate development enterprises and real estate intermediaries to engage in off-site fund-raising financial services such as down payment loans, bridge loans, self-financing, self-guarantee and the establishment of a fund pool. We will carry out special rectification of various informal financial institutions that provide various forms of financial services for real estate transactions.

The "Several Opinions" require strict implementation of the housing purchase restriction policy. Increase the number of years for non-registered families to pay personal income tax or social security when buying a house, and pay it continuously for more than two years in the first three years from the date of purchase, and adjust it to pay it continuously for five years or more before the date of purchase. It takes 3 years or more for the commercial housing purchased by enterprises to be listed and traded again. If the transaction object is an individual, it shall be implemented in accordance with the purchase restriction policy of this Municipality. At the same time, in order to further standardize the trading behavior, the purchase restriction review will be advanced to the transaction filing link.

The "Several Opinions" put forward that the differentiated housing credit policy should be strictly implemented and the management of individual housing loans should be strengthened. For households with 1 apartment, if they apply for commercial personal housing loans to buy ordinary self-occupied housing again to improve their living conditions, the down payment ratio shall not be less than 50%; For the purchase of non-ordinary self-occupied housing, the down payment ratio shall not be less than 70%. When applying for a loan, buyers should also promise that the down payment will be their own funds. Those who violate the promise will be included in the public credit information service platform of this Municipality as untrustworthy information.

According to "Several Opinions", Shanghai will also establish a unified and standardized real estate market information release mechanism on a regular basis. Increase the supply of housing land and increase the supply ratio of small and medium-sized commercial housing. We will promote the parallel operation of low-rent housing and public rental housing, raise talent apartment housing through multiple channels, launch a new batch of applications for affordable housing, speed up the transformation of old areas and "villages in cities", and strive to expand the benefits of people with housing difficulties who meet the policy. (Source: Xinmin. com)

At the press conference. (Source: Dongfang. com. com)

Non-Shanghai residents must pay taxes and social security for five years or more.

The reporter learned from the press conference of the Shanghai Municipal Government held this morning that "Several Opinions on Further Improving Shanghai's Housing Market System and Security System to Promote the Stable and Healthy Development of Real Estate" requires strict implementation of the housing purchase restriction policy, and requires that the number of years for non-registered households to pay personal income tax and social security should be increased, and they should be paid continuously for more than two years in the first three years from the date of purchase, and adjusted to be paid continuously for more than five years before the date of purchase. Where the commercial housing purchased by an enterprise needs to be listed and traded again for three years or more,

At the same time, in order to further standardize the trading behavior, the purchase restriction review will be advanced to the transaction filing link. (Source: Dongfang. com. com)

1 Households purchase their own houses: the down payment ratio shall not be less than 50%.

The reporter learned from the press conference held by the Shanghai Municipal Government this morning that "Several Opinions on Further Improving Shanghai's Housing Market System and Security System to Promote the Stable and Healthy Development of Real Estate" proposed to strictly implement the differentiated housing credit policy and strengthen the management of individual housing loans. For households with 1 apartment, if they apply for commercial personal housing loans to buy ordinary self-occupied housing again to improve their living conditions, the down payment ratio shall not be less than 50%; For the purchase of non-ordinary self-occupied housing, the down payment ratio shall not be less than 70%. (Source: Dongfang. com. com)

When applying for a loan, buyers should promise that the down payment is their own funds.

When applying for a loan, buyers should also promise that the down payment will be their own funds. Those who violate the promise will be included in the public credit information service platform of this Municipality as untrustworthy information. (Source: Dongfang. com. com)

Shanghai has long adhered to the principle of "focusing on ordinary commodity housing"

For a long time, Shanghai has focused on the housing market system and security system, adhered to the principle of "housing as the center, citizens as the center and ordinary commodity housing as the center", and regarded promoting housing security and serving the people to live and work in peace and contentment as the main line and primary task of the city's housing development. A "four-in-one" housing security system with low-rent housing, public rental housing, affordable housing and resettlement housing has basically been formed, and it has been maintained. (Source: Dongfang. com. com)

Shanghai prohibits real estate agencies from engaging in down payment loans, bridge loans and other businesses.

The "Several Opinions" require standardizing business practices and seriously investigating and dealing with violations of laws and regulations. Relying on the unified information management system of commercial housing pre-sale permit and the online filing system of commercial housing sales contracts in the city, we will strengthen the management of commercial housing pre-sale and prevent property hoarding.

Strengthen the management of real estate intermediaries and employees in accordance with the online signing system of stock house brokerage contracts and transaction contracts in this Municipality. Establish a third-party supervision system for second-hand housing transaction funds. Intensify law enforcement, investigate and deal with illegal acts of real estate development enterprises and real estate intermediaries, such as "hoarding, speculating on housing prices, false advertising, and using improper means to trick consumers into trading", and incorporate relevant information into the city's public credit information service platform.

(The above answers were published on 20 16-03-25. Please refer to the actual situation for the current purchase policy. )

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