Supplementary Opinions of the Office of the Wuxi Municipal People's Government on Strengthening the Regulation and Control of the Real Estate Market
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Index No.

014006438/2017-00142

Creation date

2017-09-25

Issuing date

2017-09-25

Document No.

Xi Zheng Ban Fa [2017] No. 197

Limit of publicity

Long term

Issuing department

Office of Wuxi Municipal People's Government

Forms of publicity

On websites, documents and government bulletins

Mode of publicity

Initiative publicity

Range of publicity

The whole society

Period of validity

Long term

Procedures of publicity

Publicity after being drafted by the department and approved by relevant offices

Theme (the 1st level)

Urban and rural construction, environmental protection—urban and rural construction (including housing)

Type

Opinion

Key words

Construction, premises, housing

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Content overview

Supplementary Opinions of the Office of the Wuxi Municipal People’s Government on Strengthening the Regulation and Control of the Real Estate Market

 

Xi Zheng Ban Fa [2017] No. 197

 

Supplementary Opinions of the Office of the Wuxi Municipal People’s Government on Strengthening the Regulation and Control of the Real Estate Market

 

Municipal (county) and district people's governments, municipal commissions, bureaus and subordinated units,

 

In order to strengthen the stability of the real estate market, further stabilize market expectations and promote stable and healthy development of the real estate market, based on the strict implementation of the existing real estate control policies, the following opinions on strengthening the city real estate market are hereby put forward.

 

I Adjust the purchase scope policy in Liangxi District, Binhu District (excluding Mashan), Xinwu District (excluding Hongshan), Huishan New City and Xidong New City. Suspend the sale of new commodity housing to household registered in the city with 2 or more houses; continue to suspend the sale of new commodity housing or second-hand housing to household not registered in the city with 1 or more houses, who should provide certificate of paying social insurance or personal income tax for 2 years (inclusive) or above in the city (except high-level personnel introduced according to the relevant provincial and municipal policies on personnel introduction).

 

II Adjust the provident fund loan policy. Support for reasonable housing demand, the down payment of first urban provident fund loan shall still be no less than 20% and the down payment of the second provident fund loan shall be increased to no less than 40% of the total housing price.

 

III Strengthen the fixed-quotas (limit-price) commercial housing raise. Raise no less than 2 million square meters fixed-quotas (limit-price) commercial housing and other low-cost housing, further optimize the supply structure of commodity housing, and meet the reasonable housing needs of the public.

 

IV Strengthen the real estate market regulation. Departments should strictly perform their duties, strengthen the coordination among departments, continue to rectify the market order, and resolutely crack down on illegal activities of real estate development enterprises and intermediary institutions.

 

V Strengthen the financial supervision. The People's Bank of China and the Banking Regulatory Commission shall take measures to prevent consumption funds from entering into the real estate field through improper cash channels such as cash installments and consumer loans, and seriously investigate and punish "down payment loan" and other irregularities of funds entering the real estate market.

 

VI Jiangyin and Yixing, a county-level city under the jurisdiction of Wuxi, shall come out relevant real estate regulatory policies according to control objectives and tasks and urban policies, further implement the main responsibility for the stability of the real estate market, curb housing prices and ensure the realization of targets.

 

These opinions shall be implemented as of the date of issuing.

  

Office of Wuxi Municipal People's Government

 

September 25, 2017