Roundtable Dialogue: The report of the 20th National Congress of the People's Congress again mentions the
"We will accelerate the establishment of a housing system with multiple sources of supply, security through multiple channels, and both rental and purchase." The report of the 20th National Congress once again emphasized speeding up the establishment of a housing system for both rent and purchase, and clarified the direction of the housing system reform in the next five years.
Under the background of "both rent and purchase", the housing rental market ushered in a booming development. For example, we will increase rental housing resources through multiple channels, promote the construction of collective land rental housing, and develop rental collective dormitories for employees. As for the construction of collective land rental housing, on the one hand, we should constantly improve supporting policies and strengthen the construction management of collective land rental housing. On the other hand, we should guide all social parties to participate in the multi-subject construction of collective land rental housing.
In March 2018, Beijing ChengShou temple construction of collective land rental housing project "| courtyards" berth "formally entering the market, this is the first collective land rental housing project, a landmark.
This project is a cooperation between Chengshousi Village, Nanyuan Township, Fengtai District, and Vanke. Chengshousi Village is funded by the land management right, and the village collective holds 51%. Vanke is responsible for the development, construction and operation of the project, with a 49 per cent stake. After the completion of the project, Vanke can obtain the project's 45-year operation and management rights and earnings rights, and the village collective will get a guaranteed rent income every year. If the profit exceeds the expectation, it will also enjoy certain dividends.
In fact, the construction of collective land to build rental housing to remove the body, also very test capacity, continuous operation cost control, operational details, etc., and most of the village collective general lack of operation management ability, through the introduction of the society through the joint collective rental housing, investment in construction operation, can give full play to the advantages on both sides.
According to the latest survey data of Vanke, the Chengshou Temple project has been settled by a total of 6457 people since its first opening. As the first person to take the initiative, Vanke successively acquired 6 collective land construction rental housing projects in Beijing after the project, such as Gaolizhuang community and Tongzhou Tai Hubei community. So far, Vanke has acquired 22,167 rental housing units on collective land in Beijing, accounting for about 30 percent of the market.
Nowadays, more and more enterprises begin to participate in the construction of collective land rental housing. In the process of project implementation, many financial support policies have been introduced, such as the use of public REITs, asset securitization and other financial means to open up the closed loop of "investment and financing management and return", improve the participation of market-oriented enterprises, and help increase the supply of low-income rental housing.
With the gradual expansion of housing rental demand, this report again proposed "both rent and purchase", China Real Estate News invites relevant people to in-depth interpretation.
China Real Estate News: How do you see the proposal of "accelerating the establishment of a housing system featuring multi-agent supply, multi-channel guarantee and both rental and purchase" in the 20th National Congress report?
Le on apartments founder luo: priority problem is that all the people, 20 large report to "promote the well-being of the people's livelihood, improve people's quality of life" the development of the framework, the future in advance "live to work", will be seriously considering the developing direction of the livelihood of the people live, focus on improving people's quality of life and living quality. We will continue to make great efforts to improve the system and policies on the housing supply side, and the market will become rational and standardized. There is still room to release the demand for rigid and improved housing. We will continue to improve the "simultaneous rental and purchase" system and explore the development of the "market-oriented and low-income rental housing" system.
Hu Jinghui, chief economist of the Chinghui think tank, said that while the report sticks to the basic principle of "no speculation on housing and housing", it also stresses the need to strengthen supply through multiple channels. Therefore, on the basis of the principle of no speculation, we should not only increase the supply of housing, but also activate the participation of market entities.
Before the 20th National Congress of China, we also saw that local urban investment companies were restricted from taking land in order to avoid the false prosperity of the left pocket and the right pocket. Therefore, we hope that market players can participate in the development of real estate and the supply of new houses, including the supply of rental housing, so it is very important to increase the supply.
China Real Estate News: This report once again emphasizes the acceleration of the rent-purchase housing system. How do you think we should promote the convenient, healthy and orderly development? What areas should we focus on?
Luo Yi, founder of Lehu Apartment: In terms of the housing system of "both rent and purchase", after five years of continuous development and improvement, the process of exploration and precipitation has consolidated the foundation of housing rental, and the embryonic form of healthy and sustainable development has emerged. Facing the new five years, is the exploration, the pursuit of high-quality development five years, will closely focus on the Chinese style modernization development goal, speed up the development of five years, the rental housing market will become the real estate high-quality development of rapid incremental new channel. In the policy guidance, market management, innovation management mode and long-term mechanism, promote the new housing system and system construction and so on has a leapfrog development.
Hu Jinghui, chief economist at Chinghui think tank, said the policy has been put forward for many years, but in the past two years, the focus has mainly been on affordable rental housing, including the launch of three REITs for affordable rental housing, and some progress has been made.
But low-income rental housing alone is far from meeting market demand. In the process of "hire purchase simultaneously", and the preferential policy of coverage and popularization rate increases further, let the market rental housing will also be able to assume an important role in the housing rental market, including market rental housing REITs into the cemetery, access to the support of the government, to get more preferential policies, and so on, This is also the next few important points and directions.
Huang HUI, SENIOR ANALYST OF SHELL RESEARCH INSTITUTE: AT PRESENT, THE DIFFICULTY IN THE development of "rent and purchase" lies in "rent", and we need to speed up to complement the shortcomings of our housing rental market. We will focus on two aspects: first, we will implement policies to improve the design of the supply-side mechanism. For the situation of urban rental supply in different stages of development, we should increase the effective rental housing supply according to local conditions by means of new incremental construction and inventory activation. Second, we should improve the proportion of quality leasing based on demand. With the upgrading of consumption, tenants have a higher demand for quality housing. To improve the efficiency and capacity of the supply of professional housing rental services, it is necessary to continuously create a policy environment conducive to the benign development of housing rental enterprises.
China Real Estate News: What is your forecast for the development of the real estate industry next year or in the future?
Luo Yi, founder of Lehu Apartment: In the future, China will further promote the reform of the housing system, explore new models of real estate development, promote the improvement of the healthy development of the rental housing market, and promote the top-level design of optimizing high-quality housing development.
Hui Hu, chief economist at Chinghui Think tank: Twenty large, main work of the real estate industry will further shifted to economic construction, real estate policies will further relax, through ShiCe stimulate the release of the demand for city, especially the part of the second - and third-tier cities, in addition to interest rates have cut space, further down payment proportion also can be further reduced, the other qualification that buy a house, in the original limits, all kinds of restrictions, The overall market environment should become more and more friendly. At the same time, the cash flow and debt crisis of some real estate enterprises will be resolved. The whole market will become more and more favorable, and the confidence of buyers will be greatly restored.
Xu Xiaole, chief market analyst of Shell Research Institute: In the future, the real estate industry will transition from "housing" to "excellent housing", from the past high-speed development to high-quality development stage.
As new housing demand peaks and falls, both incremental development and stock operations will be dominated by improved demand. In the era of housing improvement, the core demand of consumers for housing is not only the change of the physical space of housing, but also the quality of housing. Forging diversified and differentiated products and services to better meet the improvement needs of different groups is the definitive path through the future cycle.
At present, the residential service industry is facing a wave of rapid development. The deepening of the stock market and the stability of the demand for urban renewal represent that there will be a larger market space for the demand services around the stock of housing. The demand for quality property, housing transaction, rental operation, decoration, renovation and other residential services is expected to continue to expand.