[Guidance] building housing the Ministry of the management approach of public rental housing at rents below market price, migrant workers can also apply. Public rental, just rent below the market price is not enough.

According to the economic voice of “CNR Financial Review reported, the Ministry of housing construction today (the 12th) morning issued a” public rental housing management approach. “Approach” made clear that the eligibility criteria for public rental housing, operational monitoring, exit mechanism. It also provides public rental housing through new construction, renovation, acquisition, long-term lease a variety of ways to raise investment by the government, the government can provide policy support and public investment.

live to build the Ministry of the release of the way there are several noteworthy. First, the applicant must have the following conditions: the applicant in the local housing or housing area below the required standard; the applicant’s income and property below the prescribed standards; applicant for migrant workers in the local stable employment of prescribed number of years. Second, the “Rules”, the rents of public rental housing should be slightly lower than market rent levels with lots of housing at below-market is a basic principle, and the price is to follow the market and adjusted periodically. The aim is to encourage the public to invest in construction of public rental housing, but to guide and regulate the real estate rental market.

In addition, the “measures” in the exit mechanism for public rental housing, but also made a more detailed provisions. For example, the lessee has lent, sublet, or the unauthorized change of use, destruction or unauthorized renovation and refused restitution, shall be returned to public rental housing; lessee accumulated arrears of 6 months rent, according to the specified application for renewal shall Teng retirement of public rental housing; the lessee does not meet the renewal conditions, access to other housing, and no longer meets the conditions of public rental housing with rent, should be given to the removal period to vacate.

everyone looking forward to public rental management approach is finally released, the contents of which are more detailed. However, in reality, many people complained, first, the total public rental less than normal, a lot of people that came to a city, almost no how seen public rental, public rental is difficult to Pratt & Whitney, or points to should not be protected people. In addition, there are people on the “slightly lower” are not satisfied with the word in the market price, high price cities such as Beijing, Shanghai, rents slightly below market price, most people can or can not afford to rent. It appears that the allocation and management of public rental not only rents below market price “will be able to solve the problem. Management approach to publishing and social management process, the voice of special economic commentator, Shanghai E-House Real Estate Research Institute Yanghongxu to make a comment.

Yanghongxu: China in 2009, major efforts promote the protection of housing construction, and to protect the way of change. Prior to 2009, the protection of housing is affordable housing plus a small amount of low-rent housing; 2009 to now, the way of protection from the so-called economies of sale, affordable housing, and gradually transformed into the reorganization of the public rental building efforts of the past two years of public rental , but the mode of operation of the public rental than affordable housing to more complex.

affordable housing development,

finished you can sell, sell the funds can be withdrawn from circulation, but public rental input-output cycle is particularly long. In 2010 several ministries jointly issued a public rental housing guidance guidance guidelines defined, until now a way. It can be seen from the wording of the document and terminology management approach than the guidance is more detailed, more in-depth, after several years of construction, investment and operations, and accumulated some experience, and contradictions are exposed. So at this time node public rental good comb, its operating mechanism of a definition is to help the leader in China’s protection of housing system, the background of the orderly and healthy development.

leader

products have accumulated some experience in development, but also exposed some contradictions, such as way that the rent to be slightly lower than the market price, then the price can not be to an acceptable level of low-income groups, or is responsible for construction of public rental, local government, or the provision of public rental developers would be willing to bear, which gave the price of the standard formulation of a certain resistance, Yanghongxu public rental prices is indeed difficult to determine.

Yanghongxu: public rental prices is difficult to determine. Many people think that the guidelines is slightly lower than the market level, but slightly lower than the number of hard to define, because the level of rent is far lower than the price level. Known as the rate of return on the so-called rental or a lot of residential rental rate of return of only 2% to 3%, far lower than the society as a whole a reasonable 5% to 6% return on investment. Even the rent levels in accordance with China’s government or corporate investment in public rental housing, it is difficult to make money in accordance with the market rent, now slightly below the money market funds even earn money. The state must give the support of investment and development management-side policies, reduction of land transfer, taxes, etc., the only way to make profitable investors and operators.

second

in terms of market demand side with the market rental price, they would rather go to the market rent, willing to rent at which rent where. “Slightly below” the local governments also need to find an equilibrium point in the process of the actual test, the house is not only able to reduce the burden on the operations of institutional investors, while allowing the real needs are willing to rent.

more than 60% of public rental, rent only to family income, 1/10, it was suggested, could follow the example of Hong Kong, but also to draw a line or hook with our household income? Yanghongxu believe that these are two different concepts.

Yang Hongxu

: Hong Kong’s public rental housing is public housing, public housing rent prices are particularly low, which is equivalent to China’s low-rent housing. Low-rent housing for low-income families in cities and towns, particularly low levels of rent, but our public rental with low-rent housing is not the same product.

more

public rental customer facing, including low-income families of the town, migrant workers and newly graduated students, coverage, so the threshold is higher than the low-rent housing. To build low-rent housing standards, Chongqing to build 40 million square meters, local governments can not afford such a heavy burden, we can not be blindly with Hong Kong than

a while ago, media exposure about the embarrassment of public rental, on the one hand, the income of the sandwich layer can not enjoy the public rental, on the other hand, people who meet the eligibility criteria but do not want to apply for public rental, they are not satisfied with the listing conditions. Yanghongxu said that even if the way is introduced, and also to resolve this contradiction.

Yanghongxu: this approach is still a rough outline of the requirements. Such as a local government or a city, to build 10 public rental projects, how to layout? In the heart of the city or the suburbs? In the outer suburbs or outskirts of? Local government in the process of building, location, selection, matching of the furniture is very important, the most important is the need to have real difficulty groups willing to rent. But this management approach is to exit the investment management operations side, made a broad-brush definition, can not immediately become a local government can perform the details of the policy of supporting local government according to the actual situation.

CNR Financial Review editor Commentary]

public rental as a security room, for the realization of “home ownership dream, of great benefit. Public rental, however, not only completed, but also to the management, distribution, otherwise, not only the empty bear in name of protection of housing, may also become a source of rent-seeking corruption of power. Therefore, we look forward to building housing the Ministry or the relevant departments, local government as soon as possible on public rental management in more detail, more in line with the provisions of the facts of, and implement them.

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