Dong Jianguo, Vice Minister of the Ministry of Housing and urban and rural Construction, introduced the key points of the work of housing protection at the regular briefing of The State Council policy on the 17th. He said that it is necessary to fight a tough battle for the protection of housing in commodity housing projects and prevent and dispose of the risk of rotting. In accordance with the principles of marketization and the rule of law, classified disposal of commercial housing projects under construction that have been sold and not delivered, promote the construction and delivery of projects, and effectively protect the legitimate rights and interests of buyers.
He said that it is necessary to further play the role of urban real estate financing coordination mechanism to meet the reasonable financing needs of real estate projects. Urban governments should promote projects that meet the conditions of the “white list”, and commercial banks should “lend as much as possible” to compliant “white list” projects to meet the reasonable financing needs of projects under construction.
Dong Jianguo said to promote the digestion of the stock of commodity housing. Urban governments insist on “ordering according to demand” and can organize local state-owned enterprises to purchase part of the stock of commodity housing at a reasonable price to use as affordable housing.
‘We need to properly handle and revitalize the existing land,’ he said. At present, the stock of land that has not been developed or has been started and not completed will be properly disposed of and activated through government acquisition, market circulation and transfer, and continued development by enterprises, so as to help real estate enterprises alleviate difficulties and reduce debts, and promote the efficient use of land resources.
The State Council Information Office held a regular briefing on the policy of The State Council on the 17th, and the Ministry of Housing and Urban-Rural Development, the Ministry of Natural Resources, the People’s Bank of China and the State Financial Regulatory Administration introduced the relevant policies to effectively ensure the delivery of housing.
