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Encourage government agencies and institutions to buy houses: expand the scope of preferential purchase.
In order to speed up the destocking of the property market, we will encourage government agencies and institutions to buy houses.

On August 24th, Meishan Housing and Urban-Rural Development Bureau issued the Supporting Policy for Purchasing New Commercial Housing Outside the City (Draft for Comment). Party and government organs, enterprises, institutions and social organizations outside the city can purchase more than 30 sets of new commercial housing at one time in Meishan City, giving a discount of 3% of the purchase price; Buy more than 50 sets at one time, with a discount of 4%; One-time purchase 100 sets or more, with a discount of 5%.

"This is a relatively systematic and comprehensive housing group purchase policy with a certain demonstration effect." Yan Yuejin, research director of the think tank center of Yiju Research Institute, said.

The interviewed experts believe that the previous housing group purchase policy was more aimed at employees of local enterprises and institutions, while Meishan was aimed at people outside the city, which is related to the characteristics of the city.

"Overall, the real estate market in Sichuan is still in a period of adjustment. In addition to the rapid development of Chengdu's industrial population and strong market resilience, the recovery of secondary cities in Sichuan will take time. " Su Yu, research director of Sichuan Branch of Central Finger Hospital, said.

It further stated that Meishan introduced a new housing group purchase policy, which further expanded the scope of preferential housing purchase, which was conducive to stimulating the further release of demand and stabilizing the Meishan real estate market.

In addition to Meishan, many cities have set off a heat wave to encourage public officials to buy houses. At present, many places have introduced policies to encourage institutions to buy housing.

Bazhong, another city in Sichuan, introduced a new policy in July, encouraging real estate development enterprises to adopt the group purchase mode to sell commercial housing, and actively carrying out marketing activities for party and government organs, employees of enterprises and institutions, and community residents to buy commercial housing. Trade union organizations at all levels actively organize employees to buy commercial housing according to the rigid demand and improvement demand of employees' housing, and the preferential prices reached in coordination with development enterprises are not included in the proportion of the decline in the record price of commercial housing.

In the same month, Changchun, the provincial capital, issued a policy to support government agencies, state-owned enterprises and institutions, universities, research institutes and social organizations to contact real estate development enterprises and organize centralized bulk purchase of commercial housing.

In June, Huanggang Housing and Urban-Rural Development Bureau issued a document to encourage institutions, institutions and large enterprises to organize group buying activities. For group purchases of more than 20 people, the development enterprise will give a discount of not less than 3% of the total amount of individual house purchases. In May, Zengcheng District Government of Guangzhou made statistics on the rigid and improved housing demand of key enterprises, universities, hospitals and other units, and fully assisted development enterprises to actively carry out group buying activities of commercial housing.

"Housing group purchase is a targeted large-scale marketing plan of local institutions, a means of bulk destocking at present, and a better way to activate housing transactions." Yan Yuejin said.

It is worth noting that some cities have prepaid housing subsidies to encourage public officials to buy houses.

At the end of July, the Finance Bureau of Dongxihu District of Wuhan issued a notice, and issued the Pre-payment Scheme of Monetary Subsidies for Housing Allocation, which mainly stated that employees of administrative institutions who are the targets of monetary subsidies for housing allocation can purchase new houses in Dongxihu District in a lump sum of 12 3 1 2022.

"The income of public officials is more stable than that of ordinary enterprises. In the context of changes in the overall economic environment, this group can easily be seen as a new force driving the demand for real estate purchase. " Yan Yuejin said.