More Chinese cities tighten on realty

Advertisement

Foshan is tightening licensing and restrictions for realtors doing pre-sales and regulating advertising among other measures. iFeng: 佛山市出台稳定房市举措:严惩违规销售行为:

(A) to strengthen the supervision of pre-commercial behavior

1. sale of real estate, shall obtain pre-sale permit. Without obtaining permission of the sale of commodity housing projects, real estate development enterprises shall carry out sale, shall not subscribe, Reservations, Arranging, issued VIP card charge or a disguised manner deposit is charged to the buyer, the nature of the predetermined models and other expenses. Pre-sale license commodity housing projects, real estate development enterprises in the 10 days once all prospective sale listings and each housing prices.

2. Not to obtain pre-sale permit, real estate development enterprises to receive any form of earnest money, Reservations gold, VIP card or purchase a predetermined fee charged in disguise, once the competent authorities find , real estate development companies need to immediately repaying all charges costs, not repaying completed inadmissible handle pre-license application or apply for suspension of pre-licensing. In violation of Article VI and in accordance with Article 35 and “sales of commercial property management approach” Article 22 and Article 42 of the above-mentioned acts “Regulations of Guangdong Province real estate sale” administrative penalties, but also with “Foshan City real estate industry credit management approach “,” real estate development enterprise credit scoring criteria “Article 42” without obtaining pre – commercial (sales) sales license, without prepayment of costs nature “integrity deducted 10 points.

3. obtain pre-sale permit, the real estate development companies and buyers who agreed to receive pre deposit, the development of enterprises should provide a draft contract to the real estate transaction buyers. Sure unit identification chips or charge intention gold, seen as a room to sell, according to “Foshan City real estate industry integrity management approach”, “real estate development enterprise credit scoring criteria” Article 56 “without lifting real estate sales contracts signed, deliberately the subject matter of the contract as a commodity re-sold to others’ integrity deduction points and 15 points.

4. increase hoarding, drive up prices and other illegal investigation and punishment of acts. Of pre-license has been made, but not within the specified time will be fully open to the public sales or prospective sale of houses open to the public sale, as well as deliberate or extremely high sales price of commodity housing contract for the sale by signing a false man-made availability tension, etc. behavior, severely punished, and according to “Foshan City real estate industry integrity management approach”, “real estate development enterprise credit scoring criteria” Article 26 “for violating our policies, be informed the competent authorities of criticism and ordered deadline for rectification,” buckle integrity minutes 10 Minute.

5. The real estate development enterprises shall not entrust brokerage agency record did not apply for commercial housing sales, real estate development enterprises without commissioned brokers and employees may not project sales site in any name in real estate sales. Press offenders in violation of Article XVIII handle “real estate sale in Guangdong Province Regulations” and based on “the real estate industry, Foshan City, integrity management approach”, “real estate development enterprise credit scoring criteria” Article 26 “due to policy violation, by the competent authorities reprimand and ordered deadline for correction of “integrity deducted 10 points.

(Ii) strengthen the real estate sales agents and real estate brokers supervision

1. The sale of real estate agencies commissioned sales agents, we shall issue a power of attorney, a clear scope and authority entrusted to the agent, and publicity and inform buyers in the project sales site.

2. The introduction of the agency sales of commodity housing, should be entrusted to the competent departments for the record in the real estate real estate brokers agent. Real estate brokers and practitioners shall speculation room number, can not make the difference in the agent process can not be signed by the “yin and yang contract” illegal trading, false information and may not publish unverified information, refrain from internal sale, hire someone to wait in line means to create a false atmosphere of strong sales.

3. brokers when filing this body to provide information to all persons engaged in the brokerage business. Area real estate administrative departments to brokerage employees real-name registration. Sales site bar public information must be publicized to all persons resident brokers, photos, when brokerage service personnel should wear your card marked name, organization name, position and other information.

4. The implementation of the project registration management system. Real estate agencies to undertake the sales of commercial real estate development enterprise project after the power of attorney issued by the district land where the project submitted to Urban Construction and Water Authority registration, and registration of projects and performance reporting in the integrity of the system.

Brokerage violations, according to Article XVIII “Guangdong Province real estate sale Management Regulations”, “real estate brokerage management approach” Article XI Article 15 punishment, and according to “Foshan City real estate industry integrity management approach” “Real estate brokerage, advisory bodies credit scoring criteria” Article 5 “Failing to department in charge of the relevant filing procedures” in Article 6 “should be expressly prescribed unpublished material in premises with payment or deposit sites prominently the “Article 15” did not seek to fill in information systems in good faith or incomplete information furnished “were deducted 10 points integrity.

(Iii) strengthen the management of real estate ads

1. Real estate development companies, brokerage agencies publish pre-sale advertising, you should have made pre-sale permit. Content pre-sale advertising must be truthful, accurate and not be misleading, deceiving the public and does not comply with the contents of the pre-sale housing projects, and the issuing authority and shall state the number of pre-sale permit.

2. The real estate development companies, real estate brokers publish pre-sale advertising, it shall comply with the ” Zhonghua Renmin Gonghuo Guo Advertising Law”, “People’s Republic of China on Urban Real Estate Administration Law,” “People’s Republic of China Land Management Law” and “real estate advertising regulations.” the relevant provisions. Real estate administrative departments and industrial and commercial administrative departments should strengthen the daily supervision of the sale of real estate ads, advertising or illegal, it should be ordered to stop publishing and punished in accordance with relevant laws and regulations.

Sales of commercial advertising in violation of the relevant provisions, respectively, according to a violation of Article 19, “sales of commercial property management approach” Article XIV process “Guangdong Provincial Regulations real estate sale,” and according to “Foshan City real estate industry credit management approach “” real estate development enterprise credit scoring criteria “Article 38” Existing home sales price advertising, fraud area, the property is located or the location, equipment, material selection, pipeline fill deposited, the environment layout, delivery time and other circumstances statement untrue “integrity buckle 10 points, 39” without obtaining pre-sale permit publishing houses selling content or containing advertising “integrity deducted 10 points.

And Guangzhou, Ifeng 广州楼市新政:本地人限购2套 外地人须纳税3年:

Guangzhou “to further promote the city’s real estate market is stable and healthy development of the opinion” released today, the comments made in Guangzhou city residence households purchase of two houses, non-city residence households can provide buyers five years before the date of the payment in the city for more than three consecutive years to pay personal income tax or social insurance contributions that, the purchase of housing units.

The following is the text of the opinion:

District People’s Government, municipal government commissions, offices and bureaus, municipal agencies:

According to the national classification regulation, because the city of Shi policy requirements, in order to further promote the city’s real estate market is stable and healthy development, the Municipal People’s Government and is hereby make the following observations:

First, strictly enforce the restriction limited credit policy

Strict implementation of the existing city purchase of housing policy, namely city residence households purchase of two homes (including new housing and second-hand housing, the same below); non-city residence households can provide 5 years before the date of purchase in the city continuous payment of more than three years to pay personal income tax or social insurance contributions that, the purchase of housing units, non-city residence households can not pay by personal income tax payment certificate or social insurance contributions that the purchase of housing.

Strict enforcement of existing differential housing credit policy, namely loans to buy the first set of owner-occupied housing and family housing units have been cleared and the corresponding purchase loans, apply for loans to improve the living conditions of ordinary housing again later, perform the minimum down payment the proportion of 30% of the money provisions; to have a set of houses and a corresponding purchase loans outstanding of households, in order to improve living conditions for the application of commercial housing loans to individuals to purchase ordinary housing again, the minimum down payment of not less than 70%, continue to suspend families to buy the third set and more housing loans.

Second, efforts to increase the supply of residential land

Actively promote land supply-side structural reforms, further efforts to increase the supply of land. Adjust the structure of land supply, according to market demand, increased the proportion of residential land supply, reasonably determine the scale of rental housing construction and be arranged in the annual housing construction projects and housing land supply plan. When the public sale of the land, to take competing with the construction, self-sustaining competition and other means to effectively control the rapid rise in land prices.

Third, strengthen the supervision of real estate development enterprises and intermediary agencies

Strengthen supervision of real estate prices, and guide enterprises to develop rational pricing, continued sale price of new commodity housing, existing home sales price to price guidance, do not accept the government guidance price of the project, it will not be issued a license or refuse to handle pre-trading network to sign record.

Of pre-license or acquire existing home sales real estate development projects, to be disclosed within 10 days of all-time listings and sales, real estate sales continue to strictly enforce price tag, a room for a predetermined price, in strict accordance with the record price of foreign sales. Without obtaining pre-sale permit shall not carry out pre-project shall not charge any fee or disguised price of gold. Development enterprise shall not be taken off the centralized storage opening, control houses, deliberately creating tension housing and other means of promotion can not be expressed or implied by rising house prices will soon appreciation to mislead consumers, prohibit false advertising.

Strictly implement the relevant provisions of the real estate management, real estate brokerage agencies and real estate brokerage personnel should lawfully engaged in real estate brokerage activities, intermediary services clearly marked can not use false information to commit fraud, shall not be binding, coercion and other service charges.

Fourth, the real estate market and severely punish illegal activities

Municipal Housing and Urban Construction Committee, the Urban Land Planning Commission and City Development and Reform Commission, the Municipal Industrial and Commercial Bureau and other departments jointly launched special projects to increase market supervision and law enforcement, severely punished according to the law to crack down development company protected disk reluctant sellers, hoarding houses, idle land and real estate agencies, advertising agencies involved in real estate information, driving up prices, availability and price of publishing false information and other illegal acts to crack down on all kinds of transaction fraud.

Strictly investigate fraudulent purchase behavior of various types of housing, the provision of false information on the purchase of the fraudulent purchase of housing, not handle real estate registration; the existence of circumvention housing restriction measures of commodity housing projects, real estate development enterprises ordered rectification; buyers who do not have the qualified buyers and enterprises to terminate the contract with the buyers; to abet, assist buyers who falsified evidence, qualified buyers to defraud the agency ordered to suspend business for rectification, and seriously deal with the responsible person; the circumstances are serious, be investigated for legal responsibility of the parties.

Fifth, financial risk prevention and control of the real estate market

Real estate sale to strengthen financial supervision, to ensure that earmarked for construction. Commercial banks and other financial institutions have to strictly enforce the People’s Bank, China Banking Regulatory Commission relating to real estate credit policies, strict authenticity mortgage business, compliance, prevention and control of financial risks. Non-real estate agencies charge a housing fund, self-financing, self-insurance, the establishment of a pool of money with capital and other OTC financial services. Non-financial enterprises Internet, small loan companies and other institutions engaged in down payment loans, housing, and other crowdfunding financial leverage with funding operations, stringent regulation of real estate transactions suspected of illegal fund-raising behavior. Non-investment funds, bank credit funds into the real estate market, business development loans, high leverage, high debt to be a comprehensive inventory of strict supervision.

Sixth, strengthen the housing security

Earnestly implement the talent green card system, establish and improve the mechanism of high-level personnel to support housing. To further expand the coverage of public rental, and more channels to raise urban middle-income housing for needy families, workers and new jobs without housing migrant workers in public rental housing availability, and gradually solve its housing problem in urban areas stable employment.Foster the development of the rental market, actively promoting the “hire-purchase simultaneously” housing system.

Seven, correctly guide public opinion

All kinds of news media, the Internet platform to strengthen the positive publicity and public opinion guidance, objective and fair coverage of real estate market situation, stabilize market expectations. Various types of organizations and individuals to use various public platform to spread false news, manufacturing, spreading rumors, the public security, network management information, market supervision and other departments to resolutely investigate and punish.

Eight, establish and improve the real estate market regulation coordination mechanism

City real estate market to establish joint conference system for the management of municipal housing and urban construction committee led Municipal Propaganda Department, Municipal Development and Reform Commission, the Municipal Public Security Bureau, the Municipal Justice Bureau, the Municipal Finance Bureau, the city Human Resources and Social Security Bureau, the Urban Land planning Commission, the Municipal Industrial and Commercial Bureau, the Municipal Bureau of Statistics, the city of Guangzhou for personnel services Authority, the Municipal Finance Bureau, the Municipal housing fund management Center and City State, Local Taxation Bureau and the people’s Bank, the banking Bureau and other units to participate, its divisions responsibility, work conscientiously implement the measures. City, area strengthen the linkage, the district government to implement local management responsibility for the overall supervision, to ensure that the city’s real estate market is stable and healthy development.

Advertisement
About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.