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The City Forbids The Transaction Of Small Property Right House

2021/5/13 13:07:00 0

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"I'm going to sell my villa and go to Shenzhen to buy a small property right house. Now I've stopped thinking about it." On May 12, Zhang Yun (not his real name), a citizen of a third tier city in Guangdong, told reporters of the 21st century economic report.

There are a lot of new Shenzhen people like Zhang Yun who have money on hand and can just buy houses with small property rights. Obviously, Shenzhen gradually banned the sale of "small property rights houses" in the whole city, blocking a large number of investment funds on the way.

Another investor, Chen Chen (pseudonym), who has bought a small property right house, is optimistic. She is glad that she made the decision at the end of last year, and her small property right house in her hands has doubled. However, she thinks that small property rights houses can not be traded publicly. Is there any other way to achieve this in private?

Chen Chen pointed out that houses with small property rights have not been a compliant commodity in Shenzhen for a long time, and the transaction itself is not protected by law. Therefore, to prohibit transactions, there is no risk expansion for the small property houses that have been completed. Chen Chen said that many friends who bought a small property right house for their own residence felt that it didn't matter, but those who didn't buy it felt that they had missed the opportunity.

On May 12, Shenzhen Futian, Luohu, Longhua District and other intermediaries confirmed that they had received relevant information before. According to lawyers familiar with the real estate field, in fact, Shenzhen has issued relevant regulations since 2010, explicitly prohibiting real estate intermediaries and employees from providing agency, intermediary and other brokerage services for the real estate whose transactions are prohibited by laws, regulations and rules. Since the beginning of this year, the small property rights housing market in Shenzhen is booming, and the fund speculation is obvious. In April, the Shenzhen real estate intermediary Association issued a notice that Shenzhen has always banned the sale of "small property rights" houses in the city. At the end of April, Shenzhen Shajing small property rights houses were publicly banned from trading.

This situation is the same as that in the peak period of Shanghai property market in 2016, when the government banned the transaction of hotel apartments. In 2016, Shanghai's house prices were at a new high level. After the "325" new policy was introduced, the transaction volume and price of hotel apartments "Rose simultaneously", and the price doubled. It is precisely because of the influx of investment demand. On January 7, 2017, Shanghai Municipal Commission of housing and urban rural development announced that it would carry out centralized cleaning and verification on the sale of commercial office projects converted into "quasi residential buildings", and Hotel Apartments would be the focus of verification. This makes the hotel apartments in Shanghai cool down overnight. Nowadays, many hotel apartments have become self-contained products of developers, and some projects are sold as second-hand houses through packaging.

For a long time, small property right house is not a compliance commodity in Shenzhen, and the transaction itself is not protected by law. Visual China

Shenzhen small property right house and Shanghai Hotel Apartment

Shenzhen's renovation of small property rights houses is the result of extensive coverage by CCTV and other media. After the transaction of small property right house was pressed the pause key, many intermediary stores which were keen on small property right house business were closed down, and some village committees stopped transferring ownership. In addition to the funds blocked in the middle of the road, there are some small property rights houses that have been closed recently. Because the village committee has stopped transferring ownership, they have to "check out".

On May 8, the housing and Urban Rural Development Bureau of Longhua District issued the notice on prohibiting the sales of "small property rights houses" by proxy, indicating that the small property rights houses are the real estate that is explicitly prohibited from trading. According to the relevant provisions of the Shenzhen real estate market supervision measures, all real estate intermediary agencies and employees shall carry out brokerage activities according to laws and regulations, and shall not act as agents to sell small property rights houses, It is not allowed to provide brokerage services for the transaction of small property right houses, and all real estate intermediary agencies shall conduct self inspection and self correction in a timely manner. Longhua Bureau, together with relevant departments, is carrying out special rectification actions to punish the illegal acts involving small property rights houses in the process of real estate brokerage, once verified, strictly punished.

May 12, Shenzhen in the city wide ban on small property rights housing news. Reporters from 21st century economic report confirmed a number of intermediaries. They said that they had not received any specific notice, only saw the notice issued by Longhua housing and Urban Rural Development Bureau.

There is no doubt that an investment path for investors has been blocked. Shenzhen government timely issued a policy to crack down on market disorder, and the turnover of Shenzhen housing market began to shrink rapidly from July to August. Corresponding to it, has been in the marginalization of small property rights housing has also been speculation by intermediary personnel. In the past, people could only buy houses with small property rights that could obtain the property rights of the houses to be moved back to. Now, as long as the houses with small property rights that can be self occupied and rented can be snapped up. In just a few months, the prices of small property houses in Shenzhen have risen by 30% - 100%. Because the small property right house is an illegal commodity, the public channel cannot obtain more specific market information. This allows intermediaries to have more opportunities to operate in the dark or hype.

Shenzhen, a strange phenomenon of the property market, is very close to the change of Shanghai's property market in 2016. According to the data of Tongce consulting and Research Institute, the total turnover of hotel apartment market in Shanghai reached 2744700 square meters in 2016, 1.45 times of that in 2015. Shanghai Hotel Apartments in 2016 turnover volume was affected by a substantial increase in demand. At that time, Shanghai strengthened the regulation of the housing market, resulting in the funds originally invested in housing could not achieve the purpose of investment due to the purchase restriction. In 2016, Shanghai Hotel Apartments showed a rare situation of short supply, which is also related to the influx of funds.

The sharp rise in trading volume makes the price of Hotel Apartments rise sharply. According to the data, by the end of December 2016, the average transaction price of hotel apartments in Shanghai has reached a record high, reaching 31448 yuan / m2, up 26% year-on-year, second only to residential commercial housing (up more than 30%), higher than other commercial properties such as office buildings, shops and so on.

In 2017, the rise in Shanghai's hotel apartment prices came to an abrupt end as the deal was called off. Before the introduction of the new policy in 2017, the relevant departments of Shanghai have visited and discussed with each district to find out the situation of the housing market at the bottom, and began to study the measures such as the policy of restricting the purchase of residential buildings, so as to strictly abide by the policy bottom line and manage the whole life cycle of commercial projects.

In fact, due to factors such as the inability to settle down, the investment value of hotel apartments is far less than that of ordinary residences. With the increase of market supply year by year, a large number of concentrated sales have even occurred in some regions. At present, the second-hand market price of such products remains at the level of the beginning of 2017.

Shenzhen real estate fund blocking and upgrading

At present, the ban on trading of small property rights houses in Shenzhen is spreading all over the city. Shenzhen's action to block property speculation funds has been upgraded. Some investors with funds in transit are forced to change their plans. The customers who have purchased them think that they will not be affected. They are substandard real estate products, and the contracts are not protected by law.

Zhou Zhengfeng, a lawyer of Huashang law firm, wrote in his circle of friends that it is not a new regulation to prohibit the trading of small property rights houses in Shenzhen. As stated in the notice of Longhua housing and Urban Rural Development Bureau, according to the Shenzhen real estate market supervision measures implemented since September 1, 2010, real estate intermediaries and employees should not be for properties with unclear property rights (including but not limited to small property rights real estate, small property rights real estate, small property rights real estate, etc.) Military housing, etc.) to provide intermediary services or related services, which has indicated the attitude.

According to local media, on April 2, this year, the Shenzhen real estate intermediary Association issued a "solemn notice on not providing intermediary services for properties with unclear property rights", reminding relevant employees that if they violate the regulations, they should be verified, That is, according to the "Shenzhen real estate intermediary industry practice standard", "Shenzhen real estate intermediary industry blacklist and enterprise risk warning personnel list implementation measures" and other provisions to carry out self-discipline punishment.

On April 29, the Shenzhen Lawyers Association issued the notice on Forwarding the notice of Shenzhen Municipal Bureau of justice on prohibiting notarization and lawyer witness services for illegal building sales, prohibiting lawyers from providing notarization and witness services for illegal construction.

Will Shenzhen's ban on small property transactions get the same effect as Shanghai? Huang Tao, general manager of Zhongyuan Real estate project department in Guangdong Province, points out that it needs time to test. After all, they are not the same type of commodity: there is no difference between the functions of small property right houses and residential houses, but they are not publicly traded commodities from the perspective of law; Hotel Apartments are transformed from commercial projects, to a certain extent, there are hidden dangers of fire safety. Therefore, the sudden outbreak of small property transactions, more inclined to fund speculation. To be sure, both of them become an export of investment capital flow under the premise of the rapid appreciation of fixed assets.

It is worth mentioning that the regulation and control of small property rights housing in Shenzhen has traces to follow. Shenzhen has made up its mind to stop funds from entering the local property market“ "Shenfangli incident" is a signal. With the deepening of Shenzhen's regulation and control, the "Shenzhen real estate management" platform for private financing and real estate speculation in Shenzhen has been exposed. This Shenzhen real estate system, financial system self-examination, found out the Shenzhen property market behind the real estate funds. As the recent fire in Shenzhen market of small property rights, naturally also included in the scope of regulation. The aforementioned industry insiders pointed out that, like "Shenzhen housing management", the small property right housing market will also face the fate of being rectified.

Yan Yuejin, research director of the think tank center of the E-House Research Institute, also pointed out that the Shenzhen housing and Urban Rural Development Bureau issued a notice on the investigation and handling of the reported matters involving the "deep room management", which made it clear that the relevant departments had carried out a joint investigation on the suspected illegal clues of "shenfangli". This is also the first nationwide regulatory action against organized real estate speculators under the general environment of housing speculation. This policy has a very strong signal. Or it will become a new starting point for Shenzhen to strictly control real estate in the second quarter. Some organized real estate speculators will be severely punished, including all kinds of investment groups in purchasing houses and real estate speculators in residential areas. It is true that many small property rights in Shenzhen have been renamed recently. Yan Yuejin believes that in the future, local governments may establish a reporting system, and all kinds of open organization of real estate speculation will face the situation of being reported and investigated. This is also an urgent lesson for the follow-up strict control of the real estate market.

 

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