Will Shaoxing relax its property market purchase and sale restrictions?

In response to the news that the purchase restriction and sales restriction policies in Shaoxing City, Zhejiang Province are about to be relaxed, on April 21, a staff member of the Shaoxing Municipal Housing and Urban-Rural Development Bureau said, “The document has not been posted on the official website, and the implementation level needs to be consulted with the local authorities. , we only set the general direction.”

On April 21, it was reported that Shaoxing was about to issue a policy to loosen restrictions on the property market, including adjusting the purchase restrictions in Shaoxing urban areas (Yecheng District, Keqiao District, and Shangyu District). , except for the "hot spots" in the three districts, there is no longer a limit on the number of houses purchased; the sales limit for new products is adjusted to 3 years after online signing and filing. The previous purchase limit period was calculated starting from the acquisition of the real estate certificate; in addition, the down payment ratio in Shaoxing's jurisdiction will also be According to the adjustment, the minimum down payment ratio for the first home will be reduced from 30 RMB to no less than 20 RMB; the minimum down payment for the second home will be reduced from 40 RMB to no less than 30 RMB.

Relevant personnel from the Housing and Urban-Rural Development Bureau of Shangyu District, Shaoxing City confirmed the authenticity of the above policy to The Paper. He said, "There is no document, and Shaoxing is deployed in the form of a meeting. The three districts of Shaoxing and other related counties and county-level cities follow the unified requirements of the city. The purchase restriction and sales restriction policies have been slightly adjusted."

As for the "hot spots" mentioned in the above news, the aforementioned staff stated that the so-called "hot spots" refer to the central area demarcated by each district. The purchase restriction policy within the central area remains unchanged, and the purchase restriction policy outside the central area is adjusted.

Shaoxing’s previously implemented purchase restriction and sales restriction policies will begin in 2021. On June 3, 2021, the Shaoxing City Real Estate Market Sustained and Healthy Development Coordination Group Office issued the "Notice on Further Promoting the Stable and Healthy Development of Shaoxing City's Real Estate Market", which proposed that the sales restriction period for newly purchased housing be increased from 2 years to 3 years. That is, newly purchased housing in urban areas (including newly built commercial housing and second-hand housing) must obtain a real estate certificate for 3 years before it can be transferred. The purchase time is subject to the time when the transaction contract is signed online.

At the same time, in terms of purchase restriction policies, the policy mentions the implementation of purchase restrictions within the urban area, including Yuecheng District, Keqiao District, and Shangyu District. The sale of newly-built commercial housing to households registered in Shaoxing City who already own three or more houses in the urban area (excluding demolition and resettlement housing) is suspended; the sale of newly-built commercial housing to non-Shaoxing registered residents who already own one or more houses in the urban area is suspended. housing.