On February 15, the People's Government of Fuzhou City, Fujian Province issued a notice on Measures to Effectively Respond to the Epidemic and Promote the Stable Development of Urban Development and Construction. The circular pointed out that 10 measures were formulated to implement the central, provincial and municipal decision-making arrangements of "focusing on prevention and control, focusing on development", effectively responding to the epidemic situation, supporting enterprises to tide over the difficulties, and promoting the steady development of urban development and construction.
The new policy is clear, and the project start-up and completion period is postponed; Extend the pre-sale period of the project; Adjust the payment period of land transfer fees; Adjust the land performance supervision agreement; Adjust the pre-sale conditions of commercial housing; Expand the real estate sales model; Support the construction of commercial housing for resettlement houses; Increase the support of housing provident fund; Optimize the examination and approval of administrative licenses and implement fiscal and taxation financial support policies.
Specifically, the "Notice" pointed out that the implementation of fiscal and taxation financial support policies. Increase credit support, reduce the financing cost of enterprises, and extend or renew loans to enterprises that are seriously affected by the epidemic and have difficulties in repaying due loans. For enterprises that cannot pay taxes on time due to epidemic situation, the longest tax deferred period is 3 months.
The Notice also pointed out that development and construction projects (including real estate projects, the same below) affected by the epidemic were postponed according to the first-level response time of the epidemic. If a commercial housing sales contract has been signed, the delivery period will be postponed, and the enterprise will be exempted from the liability for breach of contract.
At the same time, adjust the payment period of land transfer fees. For the development and construction projects affected by the epidemic situation, the land transfer fee payable during the first-level response to the epidemic situation will be paid within 10 days after the first-level response to the epidemic situation.
During the epidemic prevention and control period, if the total investment of commercial real estate projects reaches more than 25%, the pre-sale approval procedures for commercial housing shall be handled according to the regulations (the resettlement of commercial housing shall still be implemented according to the original regulations). Operating real estate projects can register real estate in advance after paying 50% of the land transfer fee, and formally register after paying all the land transfer fees. Accelerate the online signing and filing of commercial housing contracts, promote the sales of commercial housing, and support enterprises to withdraw funds in time.
For property buyers, the New Deal pointed out that we should increase the support of housing provident fund. After the development and construction project obtains the pre-sale permit of commercial housing, it shall go through the formalities for filing the provident fund loan property in advance. During the epidemic prevention and control period, if the personal housing provident fund loan cannot be repaid normally, it will not be overdue and will not charge overdue interest.
It is worth mentioning that, as the COVID-19 epidemic continues, Xiamen, Wuxi, Hengyang and other cities have clearly issued policies to support the stable and healthy development of the property market from the aspects of financial support of real estate enterprises, land price of housing subsidies and deferred payment of deed tax.
Some developers said that for real estate enterprises, the original Spring Festival stalls were basically "scrapped" because of the epidemic. For enterprises, one of the short-term effects is cash flow, and the suspension of sales causes a funding gap. For housing enterprises with tight funds, the pressure will be even greater. In addition, the current resumption time of the construction site is not clear, the project can not be resumed, the offline sales office closes the online storage, and the business rhythm is not well arranged. However, the aforementioned people pointed out that although the real estate market is affected by the spread of the epidemic, overall, the demand is still there, and the time for buying a house will be postponed.
Jiang, a real estate industry analyst in the research and development department of China Securities, pointed out earlier that the policy began to show positive signals at the end of 20 19, and the positive signals will continue in 2020. Since 20 19, the central government has adhered to the goal of "no real estate speculation" and put forward the goal of "three stability". Under the policy of the city, some cities have gradually tightened their real estate policies, but some cities have adjusted their policies such as price limit and purchase restriction. In 2020, we believe that some cities with tight policies will gradually start to fine-tune, relax policies and stabilize the property market.
Jiang pointed out that at present, the real estate industry as a whole is in a downturn, and the decline of chemical industry, coupled with the outbreak of the epidemic in 1 month, the sales of the top 100 real estate enterprises fell by 7% year-on-year, and the capital chain of real estate enterprises was under pressure. The liquidity of the entire real estate industry will be challenged because it is unlikely that financing will be further tightened. Under the overall risk prevention situation, the idea of resolving the leverage pressure in the industry and ensuring the smooth operation of funds in the whole industry will gradually become clear, and the marginal improvement of policies in the whole industry is worth looking forward to. Under the impact of the epidemic, we think it will also increase the intensity in this regard. During the relatively serious epidemic period in1~ February, it is a test window for housing enterprises.
The following is the full text of the policy:
Measures to effectively deal with the epidemic situation and promote the steady development of urban development and construction
In order to implement the central, provincial and municipal decision-making arrangements of "focusing on prevention and control, focusing on development", effectively respond to the epidemic situation, support enterprises to tide over the difficulties, and promote the steady development of urban development and construction, the following measures are formulated:
First, postpone the completion date of the project.
Development and construction projects (including real estate projects, the same below) affected by the epidemic will be postponed according to the first-level response time of the epidemic. If a commercial housing sales contract has been signed, the delivery period will be postponed, and the enterprise will be exempted from the liability for breach of contract.
Second, postpone the pre-sale period of the project.
For the development and construction projects affected by the epidemic, if the land transfer contract clearly stipulates the pre-sale period of commercial housing, the pre-sale period will be postponed according to the first-level response time of the epidemic.
Three, adjust the payment period of land transfer fees
For the development and construction projects affected by the epidemic situation, the land transfer fee payable during the first-level response to the epidemic situation will be paid within 10 days after the first-level response to the epidemic situation.
Four, adjust the land performance supervision agreement
The development and construction projects that have signed the land performance supervision agreement, if the output value, tax, investment and production period of the project are not up to standard due to the epidemic, shall be exempted from the liability for breach of contract in proportion according to the first-level response time of the epidemic.
Five, adjust the pre-sale conditions of commercial housing
During the epidemic prevention and control period, if the total investment of commercial real estate projects reaches more than 25%, the pre-sale approval procedures for commercial housing shall be handled according to the regulations (the resettlement of commercial housing shall still be implemented according to the original regulations). Operating real estate projects can register real estate in advance after paying 50% of the land transfer fee, and formally register after paying all the land transfer fees. Accelerate the online signing and filing of commercial housing contracts, promote the sales of commercial housing, and support enterprises to withdraw funds in time.
Sixth, expand the real estate sales model.
During the epidemic prevention and control period, in order to reduce the gathering of people, development and construction projects, except some hot buildings, will not be sold by notarization and lottery, and real estate enterprises will be guided to build an online sales platform on the Internet, and the online public subscription and open house selection sales model will be implemented.
Seven, support the construction of resettlement housing commercial housing.
With the relocation of housing selection conditions of resettlement commercial housing projects, affected by the epidemic prevention and control, real estate enterprises can not timely organize housing selection, the local government in the confirmation of the number of relocation and resettlement, after the audit of the Municipal Housing Authority, the Municipal Finance Bureau, according to the process of disbursement of housing funds.
Eight, increase the support of housing provident fund;
After the development and construction project obtains the pre-sale permit of commercial housing, it shall go through the formalities for filing the provident fund loan property in advance. During the epidemic prevention and control period, if the personal housing provident fund loan cannot be repaid normally, it will not be overdue and will not charge overdue interest.
Nine, optimize the examination and approval of administrative license;
Actively promote the agency service and examination and approval mechanism, legal engineering construction permits can review construction drawings, complete them according to the promised time, carry out online administrative examination and approval, and implement online examination and approval supporting measures such as unified identity authentication and electronic license to realize online acceptance, online examination and approval and express delivery. Applicants are no longer required to submit application materials through electronic license perception.
Ten, the implementation of fiscal and taxation financial support policies.
Conscientiously implement the Notice of the People's Government and other five departments on Further Strengthening Financial Support for Prevention and Control in novel coronavirus, increase credit support, reduce the financing cost of enterprises, and extend or renew loans to enterprises that are seriously affected by the epidemic and have difficulties in repayment. For enterprises that cannot pay taxes on time due to epidemic situation, the longest tax deferred period is 3 months.
The measures shall be implemented as of the date of issuance, and the Municipal Bureau of Natural Resources and the Planning Bureau and the Municipal Housing Authority shall be responsible for the specific interpretation.
General Office of Fuzhou Municipal People's Government
Published on February 5, 2020/kloc-0.