What's the meaning? , Hangzhou Lin’an plans to acquire commercial housing for public rental housing

Recently, the Housing and Urban-Rural Development Bureau of Lin'an District, Hangzhou City issued the "Solicitation Announcement on the Acquisition of Commercial Housing for Public Rental Housing Suppliers". In principle, the area of ​​the houses to be acquired in Lin'an District shall not exceed 10,000 square meters. The existing houses may be delivered within one year. off-plan property. In addition, this acquisition in Lin'an District also includes some other conditions, such as: the entire house is used as the basic acquisition unit, and the building area of ​​a single unit does not exceed 70 square meters; the house must be equipped with a certain proportion of parking spaces.

Although the acquisition in Lin'an District, Hangzhou is not the first of its kind, the entire acquisition of new houses has still become the focus of the industry. On May 9, less than a week after Hangzhou’s new property market policy completely abolished housing purchase restrictions, what is the significance of Lin’an District’s move?

From a macro policy perspective, this is a coordinated effort to deepen supply-side structural reform and focus on expanding effective demand.

Since the promotion of supply-side structural reform was first proposed in early 2016, the real estate market has always been one of the priorities. Some cities have a long destocking cycle. Indeed, "destocking" is also a key task for some cities. Cities such as Jinan and Huzhou have also successively introduced Relevant policies for government acquisition of real estate. In recent years, in promoting the supply-side structural reform of the real estate market, the methodology of adapting measures to local conditions and city-specific policies has not changed, but the specific situations vary widely, and it has also become a big battlefield to test the wisdom of implementing policies in various places.

Focusing on the general tone of "seeking progress while maintaining stability, promoting stability through promotion, and establishing first and then breaking", the policies introduced by various localities in the real estate market this year have more adhered to the thinking of "establishing first and then breaking", establishing goals and implementing targeted policies. become a new feature.

From the perspective of market mechanisms, the government's real estate acquisitions, including those in Hangzhou's Lin'an District, are exploring ways to switch between public welfare housing and market-oriented commercial housing, and improving the corresponding mechanisms.

After years of development, the "dual-track system" of the real estate market has become increasingly mature. The "Guiding Opinions on Planning and Construction of Affordable Housing" reviewed and approved by the State Council executive meeting last year triggered market discussions on the start of a new round of "housing reform." The article clearly increased The construction and supply of affordable housing will promote the establishment of a new model for the transformation and development of the real estate industry.

Establish a dual-track system of "market guarantee" so that affordable housing and commercial housing can each perform their respective duties, work together in a division of labor, complement each other, and jointly serve the housing needs of the people. However, how to open up the channel between the two has become a competition for each locality to take advantage of the system and mechanism. This time, Hangzhou Lin'an District clearly stated that it was "acquisition of commercial housing for use as public rental housing", which can be regarded as the latest step to open up the transition between the two tracks. One try. From a practical point of view, the entire acquisition of new houses in Lin'an District, Hangzhou has few circulation links and clear property rights. It is not only conducive to unified management after the government acquisition, but also conducive to developers quickly withdrawing funds and ensuring the steady development of real estate companies.

In addition, looking at the cities and regions where policies have been introduced, the prices of commercial housing in the core areas of large and medium-sized cities are relatively strong, while prices in suburbs and areas around sub-centers of large cities have fluctuated greatly in recent years.

Judging from the places where relevant policies have been introduced, including Hangzhou Lin'an District this time, some places that were originally removed from counties and cities to form districts have often experienced the evolution from county centers to urban sub-centers. The real estate market in these places Most of them have experienced a wave-like cycle of rapid growth to a large amount of inventory, so these areas have greater pressure to sell. Judging from the recent land transfers in Hangzhou, developers are still optimistic about plots in the core area of ​​​​the city center, but have "little interest" in surrounding and suburban plots. This also confirms from the side that the real estate market in different areas of the same city is different. Different trends.

In accordance with the requirements put forward by the Ministry of Housing and Urban-Rural Development to “coordinate research on policies and measures to digest existing real estate and optimize incremental housing”, and at the same time find new directions for the inventory of real estate companies, the suburbs and sub-centers of some big cities may wish to rethink their positioning. Making good use of policies and innovating mechanisms is the original meaning of adapting measures to local conditions and city-specific policies.