In recent days, fine-tuned property market policies have appeared intensively, and the market has been talking about it.

Compared with the property market performance of other first-tier cities, the recent performance of Shenzhen property market can be described as thriving. At this time, the regulation policy of Shenzhen market is also being fine-tuned intensively. Following the adjustment of Shenzhen's luxury residence identification standards on the day of "Double 11", the Shenzhen Municipal Bureau of Housing and Construction confirmed yesterday that it has cancelled the "rent-only, not-sell" restrictions on commercial apartments introduced last year. It is reported that the abolition of "rent only but not for sale" for commercial apartments has been implemented since November.

On July 31, 2018, Shenzhen introduced the property market regulation policy, which stipulates that the commercial apartments built by developers on various new supply land (including bidding, auction and listing, urban renewal, land requisition and return land, etc.) can only be rented and not sold. According to the Shenzhen Municipal Bureau of Housing and Construction, the reason for the cancellation of the relevant regulations of "only renting but not selling" commercial apartments is that the policy has suppressed the activity of some urban renewal projects. Sales of commercial apartments.

Luo Yu, managing director of Heyi Urban Renewal Group, said that for village reform, industrial and commercial reform and other types of projects, the availability of apartments for sale will release dividends, increase project valuation, and help project pre-financing, and project progress may be accelerated. It can be seen from this that the cancellation of "only renting but not selling" for commercial apartments is a good thing for developers, but it is worth noting that last year, Shenzhen's "731" property market regulation policy stipulated that individuals, enterprises, institutions or social organizations and other legal entities newly purchased For commercial apartments, the transfer is prohibited within 5 years from the date of obtaining the real estate registration certificate, and this control measure is still in effect.

Wang Feng, director of the Shenzhen Real Estate Research Center, believes that this policy has little impact on the Shenzhen property market. In fact, it is the government's adjustment to the planning and construction policy, a supply-side adjustment to the real estate supply structure, which cannot be misinterpreted as the relaxation of Shenzhen's property market regulation. However, recently, the real estate market in Shenzhen has become more and more popular, especially in the second-hand housing market, the phenomenon of price reversal and price increase by owners is obvious. Just yesterday, Zhenye Times, the first residential sale project in the Shenzhen-Shantou Cooperation Zone, launched with 376 units, which were sold out three hours later. Some homebuyers worry that although Shenzhen's cancellation of "only renting, not selling" commercial apartments has little to do with individual homebuyers, the introduction of relevant policies at this time may further enhance the market's hype.

Not only Shenzhen, but many cities across the country have recently intensively adjusted their property market policies. On December 11, Zhangjiagang was exposed to the news of the cancellation of the second-hand housing sales restrictions, and began to implement it in the real estate transaction center, but it was revealed that the sales restrictions were still the same in less than 12 hours. Recently, the official website of the Changsha Development and Reform Commission put out the "Notice on Clarifying Matters Concerning the Price of Commodity Housing Supervised by the City's Cost Law", which took effect immediately. The notice clarifies that the price of commercial housing under the supervision of the Changsha Cost Law is composed of three parts: "cost + tax + profit", which stipulates that the average profit rate is 6% to 8%. There is disagreement, but some analysts said that the issuance of this notice is a continuation of the relevant policies after the expiration of the two-year validity period of the "Interim Measures for the Management of Price-Limited Commodity Housing Prices in Changsha" in 2017, and only applies to the cost-method supervision of commercial housing. The outside world has misunderstood the relaxed or stricter interpretation of the Changsha property market policy.

According to statistics from the Central Plains Real Estate Research Center, the number of policy adjustments in the national real estate market in November broke the highest record in the past year, reaching 72 times, compared with only 11 times in November 2018. In the first 11 months of 2019, the total number of real estate regulation and control was as high as 554 times, compared with 425 times in the same period in 2018.

So, how will the property market regulation policy go in 2020? The Central Economic Work Conference was held in Beijing from December 10th to 12th. The meeting pointed out that it is necessary to adhere to the positioning of houses for living, not for speculation, and fully implement city-specific policies to stabilize land prices, house prices, and expectations. The long-term management and control mechanism will promote the steady and healthy development of the real estate market.

Some analysts said that "housing and not speculating" is a long-term trend, and this will not change, but there will be repetitions and fluctuations in the process of reaching the final result. What we see now is the repetition in the process. Yan Yuejin, research director of the Think Tank Center of E-House (blog) (blog) Research Institute, also said that housing and housing are not speculated, policies are implemented according to the city, and loans are tightened in areas where housing prices are rising too fast. This is a policy the central bank has always adhered to. It is expected that in 2020 Different loan policies will be implemented according to the transaction situation in different cities to prevent financial risks.