Buying a house at half price? Dongguan plans to relax the conditions for shared property rights housing. Shenzhen Administrative Measures for Affordable Rental Housing | Shenzhen Administrative Measures for Shared Property Rights Housing | Property Rights Housing
Nowadays, multiple cities have successively launched shared ownership housing. Recently, the Housing and Urban Rural Development Bureau of Dongguan City issued a notice on adjusting the eligibility conditions for purchasing jointly owned housing in Dongguan City. It plans to expand the scope of applicants to the entire city in the second stage of sales and comprehensively shorten the period of time for all types of applicants to pay pension insurance. In the future, the qualifications of property buyers with shared ownership in Dongguan may be further relaxed.
Helps attract more talents
According to current regulations, the "three restrictions" on housing prices, land prices, and sales targets in Dongguan City require the purchaser to invest 50% of the total price to purchase 50% of the property rights, and the other 50% of the property rights are held by the holding agency. That is to say, the purchaser uses half of the price to enjoy the same educational, medical, and household rights as commercial housing, so it is also known as "buying a house at half price".
The benefits of this new policy are mainly reflected in the scope of applicants and the requirements for social security years. According to the draft for soliciting opinions, the conditions required for buyers of three limit housing will remain unchanged for the first sale. In the case of remaining housing after the first sale, applicants will be relaxed to the entire city for the second phase of sales. For subscribers with registered residence in Dongguan, the cumulative payment of pension insurance in Dongguan has changed from three years to one year; For those who do not have registered residence in Dongguan, the cumulative payment of pension insurance in Dongguan has changed from 5 years to 2 years; Signing labor contracts with employers in this city and paying monthly pension insurance has increased from one year to six months.
It is reported that Dongguan has built "three limit housing" projects in six towns and streets: Humen, Chang'an, Tangxia, Fenggang, Dalang, and Songshan Lake. As early as 2021, the Dongguan Municipal Government issued the "Dongguan City Three Limit Housing Construction and Allocation Pilot Plan". Some industry insiders believe that the construction of shared property rights housing in various regions will continue to advance, but how to truly combine it with real estate, non speculation, integration of industry and city, and balance between work and housing is also a topic that needs continuous consideration. Dongguan is one of the leading cities, and this move will also help attract more talents.
The audience for jointly owned property rights housing is larger
And in the nearby Shenzhen, it has also begun to enter the era of shared ownership housing. The highly anticipated "Shenzhen Public Rental Housing Management Measures", "Shenzhen Affordable Rental Housing Management Measures", "Shenzhen Shared Property Housing Management Measures", and "Shenzhen Affordable Housing Planning and Construction Management Measures" have been officially implemented since August 1st. Among them, co ownership housing is mainly supplied to eligible registered residence residents in Shenzhen, and non registered residence permanent residents are gradually included in the supply scope according to the actual situation.
How to determine the price of shared property housing and how to carry out closed circulation? It is reported that the average sales price of jointly owned housing projects is determined at 50% of the market reference price. The property ownership share of the buyer shall be determined based on the proportion of the average sales price of the project to the market reference price, and shall not be less than 50% in principle; The remaining portion is the government's share of property rights. In addition, if the buyer needs to transfer the jointly owned housing they purchased after 5 years from the date of signing the purchase and sale contract, they can apply to the housing security implementation agency for transfer to a qualified object, and the transfer price shall be determined through negotiation between the buyer and seller. In the eyes of industry insiders, compared to talent housing, the audience for jointly owned property rights housing is obviously larger. The new policy clarifies that shared property housing will implement a strict closed circulation system, which can curb speculation and arbitrage.
Li Yujia, Chief Researcher of the Housing Policy Research Center of Guangdong Provincial Urban Planning Institute, believes that for a long time, the housing security system in hot cities, including Shenzhen, has been more focused on protecting talents, with the aim of promoting local economic growth and industrial transformation. In the context of high housing prices, this approach is not a problem, but it only guarantees the housing needs of talents, which has a certain utilitarian nature and a significant mismatch with the national security system in the new era. It will also lead to an increase in housing difficulties for new citizens and young people. "The biggest feature of the new housing security is the expansion of security coverage, which aims to adapt to the new era dominated by internal circulation, placing the expansion of domestic demand and promotion of consumption in a more important position. When the housing security of low-income groups is basically solved, the housing security system should cover a wider range of people with housing difficulties, especially by lowering their housing threshold, so as to include a wider range of people in the scope of urban public services and clear obstacles for domestic demand and consumption. Currently, the country attaches great importance to affordable rental housing."
