Wuhu Real Estate New Deal suspended

While the industry is still arguing whether the New Deal of the property market in Wuhu City will have a "rescue" and whether the regulation will be "unlocked," the Wuhu Municipal Government issued an emergency notice of the suspension of the New Deal last night, and the property market in Wuhu was a New Deal. Then it became the most short-lived new property market this year.

The website of the Wuhu Municipal Government issued a notice last night saying that following the issuance of the “Circular of the Several Opinions of the People’s Government of Wuhu City on Further Strengthening the Guarantee of Housing to Improve the Housing Conditions of Residents”, the community has put forward useful reference opinions. Taking into account that the “Announcement” requirements for the development of supporting implementation rules are being studied and improved, in order to maintain a more stable and healthy development of the local real estate market, after research, decided to suspend the implementation of the “Notice”.

Regarding the reasons for the suspension of the new policy of the Wuhu property market, yesterday's media reported that "the relevant inspection team of the Central Government has already reached Wuhu and discussed the suspension of the new policy on the property market. However, whether the specific circumstances are true or not has not yet been answered by the Wuhu local government director."

When interviewed by the Securities Times reporter yesterday, Chen Guoqiang, vice president of the China Real Estate Association, said that the result was not unexpected. First of all, the time when the New Deal was introduced was more sensitive and caused market changes. Secondly, although the New Deal intends to highlight what Paulo needs, it is not clear in its definition and there are ambiguities in the implementation rules that can easily lead to misinterpretation. Third, local governments have paid for subsidies to buy houses and stabilized the volume of transactions in the local market. The intention of “rescue” is still quite obvious.

“The new implementation of the new policy for the property market in Wuhu is forced by the pressure of the Central Government and the Communist Party.” Yang Hongxu, vice president of the Shanghai Yiju Real Estate Research Institute, interviewed by the Securities Times reporter. On the one hand, the hype is too powerful. The other is At present, the central government does not want to see other places studying Lugu Lake. He believes that the new policy of the property market in Wuhu is only a bit improper, that is, there is no stipulation that the concession is limited to the "first set" of ordinary housing. The rest of the measures are understandable. “In August last year, the new policy of the property market in Maanshan was limited to the first suite of tax exemptions. There was no hype or controversy,” he said.

On the 9th, Penghu promulgated a new policy for the purchase of houses from the deed tax to subsidize the property market, triggering the “rescue of the market” by local governments. On the 10th, the deputy mayor of Wuhu City, Hong Jianping, told the media that “strictly controlling house prices, fighting speculation, satisfying rigid housing needs of low- and middle-income earners and introduced talents, and giving priority to the development of affordable housing programs are the core ideas of the new real estate policy in Wuhu City. Instead of what the outside world has guessed, the housing market rescues the market."

Prior to this, the new policy of Penghu was introduced to stimulate the property market. The real estate stocks swelled on Thursday last Friday and rose sharply. More than a few stocks have risen daily.