Real Estate Policy
Guangzhou: The Guangzhou Housing Accumulation Fund Administration Center released notices that the proportion of the soft loan of housing accumulation fund unlimited in total loans shall be less than 50%.
Shenzhen: Shenzhen City adjusted the down-payment proportion of housing accumulation fund loan. The down-payment proportion of any such loan under the name of any family without house in Shenzhen is at least 30% while that of any family with one house in Shenzhen is not less than 70%.
Wuhan: The Wuhan Housing Security and Management Bureau released measures on comprehensive raise of the down payment to 30% and restrictions to purchase two houses for any local family while one house for any non-local resident who has paid social security for two years in the major city.
Ha’erbin: Ha’erbin will implement differentiated land supply policies, strengthen monetized displacement and resettlement of shantytowns transformation, broaden conditions of housing accumulation fund loans, and lower the down payment proportion from 30% to 20%.
Real Estate Market
Beijing: The residential sales area was 7,251,000 m2 with a reduction by 18% while the sales area of commercial, non-public welfare and other housing reached 1,822,000 m2, growing by 97.8% from January to October in Beijing.
Shanghai: Shanghai“2040”general planning submitted for approval : Hongqiao and Chuansha will be included in the main urban area while the goal to realize negative growth of planned constructive land is put forward.
Ministry of Finance：According to the financial revenue and expenditure released by the Ministry of Finance, the national land value increment tax reached RMB 31.1 billion Yuan with year-on-year growth of 22.2% and the housing property tax was RMB 32.7 billion Yuan with year-on-year growth of 24% in October.
Central Bank: The Shanghai Head Office of the Central Bank released a report on monetary credit that individual housing loans rose by RMB 26.14 billion Yuan in October with year-on-year growth of RMB 10.79 billion Yuan, of which the second-hand housing loans rose by RMB 16.96 billion Yuan.
Real Estate Enterprise
Chinese Overseas Holdings Limited (COHL): Following the project in London, 99 Hudson, the first high-end residential project of COHL, landed in New York, America and it will be the highest building in New Jersey.
CR: CR Land announced that from January to October, its accumulative contracted amount of sales reached RMB 90.85 billion Yuan and realized 86.03% of its sales goal this year.
MOMΛ: China Cinda has subscribed shares of MOMΛ and holds 9.73% of MOMΛ shares after the subscription.
Evergrande: Evergrande purchased Vanke A-shares again and thus its accumulative share holdings rise up to 988 million, equal to 8.94% of Vanke’ total equity. Zhongqin Investment, a subsidiary of Evergrande, said that bidding to purchase shares of Meiyan Jixiang was planned to hold Meiyan Jixiang’s shares for a long term as its strategic investment in green and clean energy industry.
Jinke: Jinke Property announced that it planned to subscribe project cooperation and development agreement on the Anjinan project located in Nanning, Guangxi with Chongqing Sunac.
Green Town: Green Town that defeated the consortium of POLY, Jin Mao and Ping An and Vanke purchased 94% stock equity of ZhongTou Development with its shareholder’s purchase reference for RMB 2.68 billion Yuan.
CFLD: CFLD concluded two new industry city projects in Maanshan, Anhui on November 15, covering 74.8km2.
LongFor: The co-working brand “EASY WORK” in the innovation business section of Longfor Properties opened formally in Paradise Walk, Beijing. Its rental rate exceeded 95%.
Wanda: According to the news, Wanda Commercial that has achieved going private and delisting via HKEX and is striving for returning to A-share may restructure China Sports Group Industry and inject underlying assets to it.
About Land
Hefei: The Land and Resource Development of Hefei provisionally planned to grant 18 plots amounting to 1,414.34 mu with a total reference price of RMB 4.44 billion Yuan in November.
Wuxi: Evergrande purchased the commercial and residential land in Liangxi District, Wuxi for RMB 3.26 billion Yuan with the floor price of RMB 12,300 Yuan psm and the premium rate of 41.74%.
Nanjing: According to the new regulations complemented for the land auction on the 17th day in Nanjing, the bidders must use funds in the hands of the localities for purchasing land and provide commitment and relevant certificates.
Dalian: Dalian sold another 25 plots covering 3.81 million m2 corresponding to a gross floor area of 7.26 million m2.
