Summary of Real Estate Policies in the First Half of 2011

2011-1-21 The Jinan restriction purchase order issued in Jinan has only introduced a new set of commercial housing in the five urban districts, the Changqing district, and the high-tech zone.

2011-1-26 National State Council launched eight real estate market control measures ("New China Eight") requirements to strengthen differentiated housing credit policy, the family of loans to buy a second home, the first payment ratio of not less than 60%, loan interest rates are not Below 1.1 times the benchmark interest rate, residents of the provincial capital suspended the purchase of the third suite.

2011-2-9 The national deposit and loan benchmark interest rate was raised by 0.25 percentage points from the deposit and loan benchmark interest rate.

2011-2-9 Nationally raised the housing mortgage loan interest rate for the whole country. The interest rate for the provident fund loan for the five-year period was adjusted to 4.50%; the interest rate for the provident fund loan below five years (including five years) was adjusted to 4.00%.

2011-2-21 Shandong Shandong version of "State eight" introduced the implementation of the country's new real estate tax, credit policy and housing purchase policy. Business tax is levied in full on sales income; loans are used to purchase second homes and the down payment ratio is not less than 60%; purchases include newly-built commercial housing and second-hand housing; and households with 2 or more homes have one or more sets of household registration households. Non-local households of households with housing, non-local households that cannot provide proof of the city’s tax payment or proof of payment for social insurance for more than one year suspend their home sales.

2011-2-24 The deposit reserve ratio of national financial institutions has been raised by 50 basis points in the deposit reserve ratio of financial institutions.

In late February, Shandong and Shandong announced the "12th Five-Year Plan" for the construction of affordable housing. During the "Twelfth Five-Year Plan" period in Shandong Province, 700,000 sets of affordable housing projects were newly built, and 324,400 units were constructed in 2011. Construction.

2011-3-4 Ji'nan Jinan Provident Fund's second mortgage down payment ratio has been increased. The use of provident fund individual housing loans to purchase self-occupied ordinary housing, the down payment ratio has been adjusted from not less than 50% to not less than 60%, and the loan interest rate is not lower than the same period housing The fund provides 1.1 times the benchmark interest rate for individual housing loans.

2011-3-9 Jinan Jinan limit purchase order details introduced the scope of the purchase for the city's ten counties; the family members of the purchase of home buyers and their spouses and minor children; restrictions on the purchase of housing, including only the planned use of residential, residential apartment housing Commercial apartments are not included in the purchase restrictions.

2011-3-16 The National Development and Reform Commission issued the “Price List Price Regulations for Commercial Housing Sales” to implement a set of one-price, and clearly publicize agency agency fees and property service fees. Commercial house operators may not add any unspecified value outside the list price. cost.

2011-3-25 The deposit reserve ratio of the national financial institutions has been raised by 50 basis points in the deposit reserve ratio of financial institutions.

2011-4-6 The national deposit and loan benchmark interest rate was raised by 0.25 percentage points from the deposit and loan benchmark rate. After the adjustment, the one-year deposit interest rate reached 3.25% and the one-year loan interest rate reached 6.31%.

2011-4-6 China raised the personal housing accumulation fund deposit and loan interest rate for more than five years personal housing provident fund loan interest rates by 0.2 percentage points, from 4.5% to 4.7%; five years or less (including five years) personal housing provident fund loan interest rates raised 0.2%, from 4.0% to 4.2%.

2011-4-21 The deposit reserve ratio of the national financial institutions has been raised by 50 basis points in the deposit reserve ratio of financial institutions.

2011-5-17Shandong "Shandong Province Commercial Housing Sales Price Code Implementation Rules (Trial)" Commercial housing sales are clearly marked with a set of standard, commercial housing operators should carry out a clear price list for each set of commercial housing, and may not increase the sales price outside the list price , may not charge any unmarked expenses, commercial housing existing home sales must be filed, and one-time open all sales of listings.

2011-5-18 The national depository ratio of financial institutions has been raised by 50 basis points in the deposit reserve ratio of financial institutions.

2011-6-9 The Ministry of Housing and Urban-Rural Development requires all localities to publicly provide 10 million sets of affordable housing construction information. Information on annual construction plans, start-ups, and completion projects before the end of November should be disclosed on the local government website. Information on the start of the project should also be made public at the project construction site.

2011-6-22 The establishment of Shandong Xinhua (Shandong) Real Estate Exchange, an individual can invest in the equity of real estate developers in the country's first equity asset class real estate exchange, which is mainly engaged in the issuance and transaction of information on real estate information, real estate equity assets and physical assets.

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