Nanjing property market regulation plus code new housing purchase shall not be transferred within 3 years

China Economic Net, May 13 -nanjing municipal people’s government released the notice of the general office of Nanjing municipal people’s government on further strengthening the regulation and control of the real estate market (hereinafter referred to as the notice) on the official website on 13th. The notice requires that, the new housing purchased by the purchaser (including resident families, enterprises and institutions, and social organizations) shall not be transferred within 3 years after obtaining the real estate certificate. If the housing is transferred by way of donation, the donor can purchase the housing again after 3 years from the date of signing the gift contract and handling the transfer confirmation procedures. Families or residents who obtain housing through donation implement the housing purchase restriction policy.

In terms of land supply, the notice emphasizes that the supply of residential land will be increased. In 2017-2021, the city plans to supply 5150 hectares, including 880 hectares in 2017, 950 hectares in 2018, 1020 hectares in 2019, 1100 hectares in 2020, in 2021,1200 hectares, the annual planned supply increased by 47.1 percent compared with 2016.

The full text is as follows:

Notice of the general office of Nanjing municipal people’s government on further strengthening the regulation of real estate market

Ning zhengban [2017] No. 103

People’s governments of all districts, municipal governments, municipal units directly under the city:

In order to implement the work arrangement of the Party Central Committee, the State Council, the provincial Party committee and the provincial government on stable control of the real estate market, adhere to the positioning of “houses are used for living, not for speculation”, and further stabilize market expectations, to ensure reasonable demand, strengthen market supervision and maintain stable and healthy development of the real estate market, with the consent of the municipal government, the Notice on Further Strengthening the regulation and control of the real estate market is as follows:

1. Plus-sized residential land supply. Increase the supply of residential land, speed up the pace of land supply, and effectively increase the scale of supply. The city plans to supply 5150 hectares in 2017-2021, including 880 hectares in 2017, 950 hectares in 2018, 1020 hectares in 2019, 1100 hectares in 2020 and 1200 hectares in 2021. the average annual planned supply is 47.1 percent higher than that in 2016.

2. Strengthen post-supply supervision of land. Urge development enterprises to start construction in strict accordance with the time agreed in the transfer contract, speed up the construction speed of the started land, and form effective supply as soon as possible. Penalties such as collecting liquidated damages, collecting idle fees, recovering land, and restricting participation in market bidding shall be taken for violations such as failure to start completion on time, idleness, and intentional land storage, and incorporated into the credit system of real estate enterprises and the credit system of land market. If the sales conditions of commodity housing have not been declared for sale, the real estate, construction, land and price departments shall strengthen supervision. If the sales has not been declared for sale after supervision, the real estate and price departments shall not accept their sales applications within one year, the sales filing price will not rise, and the construction and land departments will include their behaviors into bad credit records, and they are not allowed to participate in the bidding of the land public transfer market before the sale of houses.

3. Improve the entry threshold of land market. Strictly enforce the qualification requirements for real estate development of land market bidders, increase the proportion of residential and commercial & residential land bidding deposits; Further strengthen the supervision of land purchase funds, land purchase funds shall be reviewed by accounting firms of Grade 3A or above operating in Nanjing, published by the Department of Finance of Jiangsu province. In case of illegal use of funds to purchase land, the competition qualification shall be canceled, and the bidding deposit or deposit shall be confiscated according to regulations.

4. Adjust and optimize the land transfer method. When the land is transferred, stop bidding when the bidding of the land reaches the maximum price, and change it to the area of competitive indemnificatory housing. If the area is the largest, the indemnificatory housing built will be handed over to the government free of charge, and the corresponding housing construction cost will not be included in the permitted cost of house price. To further increase the supply of small, medium and low-priced housing, select Hexi New Town, Jiangbei New District, southern New Town and other regions and some plots along Jiangning and Xianlin subway, and adopt “limited sales target, limited house price, the transfer method of limited type, limited transfer, limited sales method and competitive price.

5. Supply of plus-sized talents living in peace. Implement the measures for the housing of talents in Nanjing (trial), and build a “purchase, rent, make up for the” talent housing system “and use five years to solve the housing problem of 160000 talents. Among them, 3.5 million square meters of talent housing are prepared through independent site selection, construction in commercial housing or purchase from the market, and 760000 square meters are prepared in 2017.

6. The new housing purchased by the purchaser (including resident families, enterprises and institutions, and social organizations) shall not be transferred within 3 years after obtaining the real estate certificate. If the housing is transferred by way of donation, the donor can purchase the housing again after 3 years from the date of signing the gift contract and handling the transfer confirmation procedures. Families or residents who obtain housing through donation implement the housing purchase restriction policy.

7. Guide development enterprises to reasonably declare the sales price of newly-built commodity housing according to the real estate market regulation policy. The housing property right parking spaces and storage rooms are subject to price filing, and the filing price level remains basically stable.

8. For commodity housing projects that have obtained pre-sale permission, real estate development enterprises and their entrusted agency sales agencies shall strictly implement the real-name system of house purchase and sell them externally according to the principle of “openness, fairness, fairness and transparency. For commodity housing projects where customers accumulate more than available housing resources, real estate development enterprises and their entrusted agency sales agencies should use the public lottery method hosted by notary agencies to publicly sell commodity housing, and rank the lottery, purchase the house in order, and the lottery list will be publicized on the spot.

9. Strengthen the management of second-hand housing transactions. Strengthen the management of brokerage institutions and practitioners, improve the management service platform, establish a credit evaluation system, improve the joint punishment mechanism for dishonesty, standardize Agency behavior, standardize housing information release, standardize the implementation of regulatory policies, standardize the supervision of transaction funds, standardize store management, and standardize the management of brokers.

10. Further strengthen the comprehensive law enforcement of the real estate market. In plus-sized, the real estate development enterprises, agency sales agencies, and brokerage agencies violated the regulatory policies and sales specifications (including notarized lottery signs but not notarized lottery signs), speculation and sale of house numbers, boosting house prices, once verified, the online signature will be suspended and the rectification will be ordered within a time limit, and the qualification of real estate development enterprises or brokerage institutions will be reduced by Till countermanded, and included in the real estate enterprise and land integrity system. Plus-sized the investigation and punishment of false and false information, and the real estate development enterprises, agency sales agencies, brokerage agencies and other units and personnel suspected of spreading rumors and publishing and spreading false information with serious circumstances, handle it seriously according to laws and regulations.

This notice shall be implemented as of May 14.

General Office of Nanjing Municipal People’s Government

May 13, 2017


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China economic Network, May 13 -nanjing municipal people’s government released the notice of the general office of Nanjing municipal people’s government on further strengthening the regulation and control of the real estate market on the official website on the 13th (hereinafter referred to as the notice), the notice requires that buyers (including

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