Beijing property market completely stopped ＂business changed to live＂, and 9 punches were given in 10 days to cut off the possibility of real estate speculation.

　　CCTV News:On the evening of the 26th, the Beijing Municipal Commission of Housing and Urban-Rural Development and other five departments jointly issued an announcement to completely stop the "commercial reform and residence".

　　This is the ninth time that Beijing has introduced the property market regulation policy in 10 days. The previous measures involved the down payment ratio, loan interest rate, tax standard for non-Beijing-born house purchase, corridor school district, and degree division … … Followed by strict surprise inspection, "almost cut off all the possibility of real estate speculation."

　　Beijing introduced purchase restriction measures for commercial projects

　　The commercial projects mentioned in the announcement are actually the so-called "commercial to live" projects. In fact, Beijing has long banned the practice of "changing business to living", but many development enterprises have been playing a policy of "edge ball" and planning many commercial projects with 40 or 50 years of property rights to be built into houses with independent kitchens and bathrooms. This announcement imposes strict restrictions on such projects.

　　The projects under construction and under sale shall not be sold to individuals.

　　The announcement clearly defines the purchase qualification of commercial projects. Development enterprises in the construction and sale of commercial projects, the sales target should be legally registered enterprises, institutions and social organizations.

　　Individuals are limited in buying second-hand commercial houses and cannot borrow money.

　　Before the implementation of this announcement, when the commercial projects that have been sold are listed and traded again, that is, second-hand housing transactions, houses can be sold to enterprises, institutions, social organizations, or individuals, but individuals need to satisfy that there is no record of housing and commercial real estate in Beijing; From the date of application for purchase, Beijing has paid social insurance or personal income tax for five consecutive years, and commercial banks will suspend personal housing loans for individuals to purchase commercial projects in the future.

　　Experts say that at present, 50% to 60% of commercial projects are directly sold to individuals. In this policy, the purchase conditions of commercial projects in Beijing are stricter than those of residential buildings, which will lead to individual property buyers basically giving up buying commercial projects.

　　New business projects shall not be less than 500 square meters.

　　The announcement puts forward strict requirements for standardizing the management of commercial and office projects in Beijing: the minimum division unit of new commercial and office projects submitted by development enterprises shall not be less than 500 square meters; Does not meet the requirements, the planning department shall not approve. The newly-built commercial projects of development enterprises shall be built and sold in accordance with the approved planned purposes. In violation of the provisions, the departments of land planning and housing construction shall deal with them according to law.

　　Industry experts said that from the current situation, the area of "business to live" is basically below 100 square meters. This policy requires that the division area of the unit should not be less than 500 square meters, so as to curb the possibility of building it into a house from the planning and design.

　　Business-run projects are fully restricted or overheated.

　　The reporter learned that in May 2016, the Beijing Municipal Commission of Housing and Urban-Rural Development and the Tongzhou District Government jointly issued a notice to implement a strict purchase restriction policy on the sales of commercial apartments and commercial and office (including business offices and supporting businesses) projects in Tongzhou District. However, other districts and counties have not implemented strict management measures for commercial projects, and commercial products are still selling well.

　　The relevant person in charge of the Beijing Municipal Commission of Housing and Urban-Rural Development said that from "September 30" last year to "March 17" this year, Beijing’s regulation of housing has gradually intensified, and some developers have taken this opportunity to promote commercial products under the banner of "no purchase and no loan". Recently, the sales of commercial products on the market have shown signs of overheating.

　　"This time, Beijing concentrated its efforts on the whole chain and all links, such as planning, construction, sales, use and credit, to ‘ Business changes to living ‘ Zero tolerance ’ 。” Experts said that commercial and residential projects themselves are "pseudo-houses" created by developers for the benefit. Such projects weaken the effect of the purchase restriction policy, and there are still problems such as high living costs, no supporting facilities and noisy environment in actual living.

　　28 real estate intermediary stores were closed for rectification.

　　One week after the implementation of the New Deal in Beijing’s property market, the enforcement of real estate intermediary stores was upgraded and overweight. On the 26th, the Beijing Municipal Commission of Housing and Urban-Rural Development organized on-site enforcement of real estate intermediary stores near the Olympic Village, Zhongguancun No.1 Primary School in Haidian District, Shijia Primary School in Dongcheng District and Experimental No.2 Primary School in Xicheng District. Twenty-eight real estate intermediary stores were ordered to suspend business for rectification because of suspected illegal agents running projects and participating in real estate speculation to drive up housing prices.

　　During the inspection, the Beijing Municipal Commission of Housing and Urban-Rural Development required real estate agencies to operate in compliance with laws and regulations, and not to participate in real estate speculation, including speculating on high-priced houses and school districts. Once intermediaries or brokers are found to be involved in real estate speculation, driving up house prices, etc., every "rise" will be investigated and every "speculation" will be "done". Real estate intermediaries are also not allowed to run projects in violation of regulations. Once found, they will be severely punished and will not be tolerated.

　　CCTV Interpretation: The regulation of commercial housing is a supplement and improvement to the limited purchase policy.

　　In fact, this round of regulation of commercial housing is not a brand-new policy, but a supplement and improvement of the limited purchase policy.Commercial housing has always been a role on the edge of policy. In the past, it was not restricted by residential purchase restrictions and was not included in the family real estate assessment.In theory, you can buy as many sets and borrow as many times. Therefore, in recent years, some demand restricted by purchase restriction has entered the commercial housing market.

　　At present, this loophole has been closed.The new policy focuses on highlighting the residential properties of houses. The policy design is to squeeze the demand moisture of commercial houses through stricter guidance, reduce the investment enthusiasm in the market, and transfer a large number of commercial and residential houses into the rental market to meet the residential needs.

　　The restriction on commercial housing is an upgrade and improvement of the real estate control policy, and this version of the policy may gradually expand from Beijing to other cities.However, it is worth noting that the dual performance of the national real estate market is becoming more and more obvious, and the requirements for "governance due to the city" are also improving.The main demands of first-tier cities are to curb the rise in housing prices and control the size of urban population, so the regulatory policies need to be upgraded. In some third-and fourth-tier cities that are already facing greater destocking pressure, the policy effect of strictly managing commercial housing will be weakened accordingly.

　　Of course, even in first-tier cities such as Beijing, Guangzhou and Shenzhen, it is still too early to assert that the commercial housing market will fall as soon as the strict management policy comes out.After all, what people have seen many times before is that the rounds of property market regulation policies, which have been dubbed "the strictest in history", have finally been interpreted by the market as the charge of price increases again and again.

　　Since the end of September last year, various regulatory policies have been intensively introduced. However, in Beijing and other places at the beginning of the year, the demand for panic buying houses increased again, which made the new policies continue to be introduced in the past two weeks to put the brakes on the market.This situation looks like a vicious circle in which policies compete with the market, but objectively it calls for the introduction of a long-term policy mechanism that is compatible with market rules, that is, to achieve the effect of "controlling speculation and ensuring it".

　　People are expecting that this policy regulation will have different results, because at least the market situation has changed. In first-tier cities such as Beijing, Guangzhou and Shenzhen, a set of commercial housing is currently millions of assets. At this price, as an asset with poor liquidity, the investment value of real estate is declining. At present, the proportion of rigid demand is increasing among the forces driving the market upward.This makes the real estate regulation and control of "one city, one policy" also face an inflection point: whether to continue to curb demand or turn to the supply side.