Not long ago, China Banking and Insurance Regulatory Commission and People's Bank of China issued the "Notice on Strengthening Financial Services for New Citizens" (hereinafter referred to as the "Notice") to support the healthy development of the housing rental market. It mentioned that banks and insurance institutions should be supported to promote the increase in the supply of long-term rental housing by participating in the pilot program of affordable rental housing and helping government departments to build a comprehensive housing rental service platform.
key points - Government agencies and various market entities will accelerate their "entry" housing rental. On March 31, Wei Xiaolong, general manager of Dade & Walk-in , and head of the Strategic Development Consulting Department of Chongqing Company and West China Region, predicted that when interpreting the just released "Housing Rental Development Research Report" that a model of diversified entities' participation will become an important trend in the housing rental market with state-owned assets.
Solving the housing problem of "new citizens" is also a consistent challenge facing cities. Wei Xiaolong pointed out that at present, various support policies have been introduced in Shanghai, Shenzhen, Guangzhou and other places, which will bring huge possibilities for a new round of development.
Wei Xiaolong
01, Stones from Other Mountains
Housing rental is not only a city action, but also a national strategy.
In the "Notice", specific arrangements were made for key issues such as "helping to alleviate housing pressure for new citizens" and "reasonably meeting their home purchase credit needs".
Previously released the "Notice of the National Development and Reform Commission on Further Improving the Pilot Work of Real Estate Investment Trust Funds (REITs) in the Infrastructure Field", affordable rental housing projects are included in the pilot scope, and the housing rental market is accelerated in large and medium-sized cities with net population inflows.
Figure According to Ded & Walk
"According to incomplete statistics, there are currently 18 provinces (including municipalities directly under the central government) and 42 cities that have clearly supported the development of affordable rental housing in the 14th Five-Year Plan. Among them, the provinces and cities that disclosed the number of units planned to build a total of 7.3052 million units during the 14th Five-Year Plan." Wei Xiaolong said.
In addition, the Ministry of Housing and Urban-Rural Development has made it clear that during the 14th Five-Year Plan period, among the 40 key cities that promote the development of affordable rental housing, we will strive to promote the proportion of new affordable rental housing to more than 30% of the total new housing supply. "It can be seen that with the strong promotion of the country and local governments at all levels, the development of affordable rental housing will have huge potential in the future."
Wei Xiaolong mentioned that the development of housing rental should break out of the traditional leasing thinking. It is necessary to stand at the level of urban operations, seek appropriate development models from the aspects of market operation, institutional construction, legal guarantees, financial support, etc., in combination with urban functions.
"At present, three major housing rental market development models have been formed internationally, namely the social market model, the market-oriented model and the universal model." The report mentioned that Denmark , Germany, the United States and other countries and regions have already explored related issues.
Take Netherlands as an example. The Netherlands is a country that implements the social housing rental system. Its total social housing volume is large and the proportion is high. In 2015, the Netherlands' social housing accounted for 30.3% of the total housing in the Netherlands, the highest proportion in Europe.
Wei Xiaolong mentioned that the Netherlands mainly uses the housing association to manage housing sources, and the government mainly participates in the regulation of social housing through housing policies and welfare systems. At the same time, it has established a three-level safety net financing system with central housing funds, social housing guarantee funds, and central and local government guarantees.
"These differentiated personnel match differentiated housing supply products, which are fully adjusted by the market in the rental market and sales market, forming housing products with clear levels and diverse supply methods." Wei Xiaolong said that this will greatly enhance residents' sense of belonging and happiness.
However, from the result-oriented perspective, what housing rental ultimately needs to solve is human needs.
Although the urbanization process will slow down during the 14th Five-Year Plan period, according to the laws of urban development, to achieve a stable urbanization rate of 70%, there is still room for nearly 10%, which means that more than 15 million people will still enter cities every year.
" From the perspective of flow, the population continues to gather in rivers, coastal areas and mainland urban areas. The population of major urban agglomerations such as the Yangtze River Delta , the Pearl River Delta, and the Chengdu-Chongqing urban agglomeration has grown rapidly, and the concentration has increased."Wei Xiaolong mentioned that these areas with rapid growth in migrant population and rising proportion of urban population will be easier to seize the opportunity.
02, Chengdu market
But at present, for most cities in China, housing rental is still a new concept being explored.
Wei Xiaolong sorted out several previous development models:
In 2017, Beijing issued the " Notice on Accelerating Development and Standardizing the Management of the Housing Rental Market in the City ", which clearly increased the supply of rental housing;
In 2018, Shenzhen began to ensure land use indicators for talent housing, safe-housing commercial housing and public rental housing among the newly added residential land, and give priority to talent housing and safe-housing commodities House land.
In 2019, Shanghai issued the "Planning Land Management Rules on Accelerating the Cultivation and Development of the City's Housing Rental Market", which clearly proposed the special category of land for rental housing - four types of residential group land (R4).
In the west, Chengdu and Chongqing were at the forefront of exploration.
Wei Xiaolong mentioned that in the field of affordable rental housing, Chengdu issued the "Implementation Opinions on Accelerating the Development of affordable rental housing". Based on national policies, relevant implementation indicators are refined and localized innovation is carried out, and state-owned enterprises are in line with the "Implementation Plan for Encouraging State-owned Enterprises to Accelerate the Development of affordable rental housing" is further encouraged to participate through policy support.
Picture According to Ded Liangxing
It is worth noting that the research of the Chengdu housing rental market by Ding Asphalt Bank found that the proportion of leasing transactions in the new generation of Chengdu group has increased, which has enabled the Chengdu housing rental market to maintain a steady growth. Although the average market rental price is still far from that of first-tier cities, it is in the first echelon in the entire southwest region, with an average rent of 34 yuan/㎡/month. At the same time, urban hotspots such as high-tech zones, Jinjiang District and other areas, the rental price is The level is significantly ahead of other regions, and the market overall shows a relatively obvious unbalanced development trend.
"We have conducted statistics on the land that has free transfer of rental housing, self-held rental housing, and self-held affordable rental housing in the auction and transfer of land in the central urban area of Chengdu from 2017 to 2021. In the future, it is expected that the three types of land will supply a total construction area of 2.3146 million square meters, of which Chinese companies won more than 1.5474 million square meters, accounting for 67%. "Wei Xiaolong said that in combination with national development, Ded Asphalt believes that the model of diversified entities' participation will become an important trend in the housing rental market with state-owned assets.
In addition, public offering REITs will also be a major hot spot in the future. "At present, various places including Shanghai, Shenzhen, Guangzhou and other places have issued various support policies, and have signed cooperation agreements with banks and other professional institutions to carry out reserve packaging for key projects, striving to explore the development opportunities of public offering REITs for affordable rental housing. "
For Chengdu, Wei Xiaolong suggested that state-owned enterprises at all levels in Chengdu can also actively explore the development of public REITs, expand project financing exit channels, "strengthen the enterprise asset operation and management capabilities, and promote the healthy and orderly development of the Chengdu housing rental market."
Red Star News reporter Zou Yue
Editor Tan Wangyu
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