Original Title: Eighteen Measures to Promote the Steady and Healthy Development of the Real Estate Market
To better meet residents’ basic and upgraded housing needs and promote the stable and healthy development of the city’s real estate market, the following measures have been formulated in light of Mianyang’s actual conditions.
I. Optimizing Development and Supply
(1) Further optimize land transfer conditions. For newly transferred or land-use-converted real estate development sites, 50% of the land transfer price must be paid within one month from the date of signing the “Contract for the Grant of State-Owned Construction Land Use Rights”; the remaining balance may be paid in installments as stipulated in the contract, with the payment period not exceeding one year. The transferee shall not pay interest to the transferor when making installment payments.Real estate development enterprises may, upon signing the “Contract for the Grant of State-Owned Construction Land Use Rights,” apply in accordance with the law for the concurrent issuance of the “Construction Land Planning Permit.”
(2) Support for the consolidation of scattered plots. For real estate development projects requiring the consolidation of scattered plots—such as corner plots, enclaved plots, and isolated plots—that cannot be developed as standalone parcels (where the area of a single plot generally does not exceed 3 mu and does not exceed 10% of the area of the adjacent consolidated parcel), the Department of Natural Resources and Planning shall propose a consolidation plan in accordance with regulations for approval. Upon approval, the "Contract for the Grant of State-Owned Construction Land Use Rights" shall be signed and 50% of the grant price paid.the real estate development enterprise may apply for a Land Use Planning Permit, a Construction Planning Permit, and a Construction Permit. Local governments (Management Committees) shall actively promote the consolidation of scattered plots to ensure that land consolidation procedures are completed prior to the issuance of a pre-sale permit for commercial housing.
II. Optimizing Project Planning
(3) Optimizing Floor Area Ratio (FAR) Targets and Commercial-Residential Ratios for Newly Supplied Land. Prior to the transfer of real estate development land, the local government (Management Committee) shall, in compliance with the Master Plan for Territorial Space and the Control Detailed Plan for the area, and provided that the carrying capacity of public service facilities and basic supporting infrastructure in the area is met, apply in accordance with the law to appropriately reduce the FAR targets and commercial-residential ratios for newly supplied land, taking into account factors such as the allocation of commercial space and sales absorption cycles, and process the application in accordance with established procedures;Specifically, the floor area ratio for urban residential land shall not be less than 1.0 (including 1.0). For Class II urban residential land, the proportion of commercial buildings that may be constructed shall be ≤5% of the total gross floor area; for residential land with mixed-use commercial components, the proportion shall be ≥5% and ≤10% of the total gross floor area. Within these ranges, real estate development enterprises may determine the proportion of commercial buildings based on their project proposals.
For commercial and business land that has been supplied but not yet developed, provided that the carrying capacity of public service facilities and basic supporting infrastructure is met, real estate developers may submit an application to the local government (Management Committee). Upon approval by the local government (Management Committee), the volume of commercial development may be appropriately reduced, and the land transfer fee shall remain unchanged;Alternatively, they may apply to the local government (Management Committee) in accordance with the law to convert commercial land into land for public service facilities such as childcare, elderly care, education, culture, sports, and parking. The local government (Management Committee) shall formulate an adjustment plan based on the population size of the project area and the status of public services and basic supporting facilities, and apply for planning adjustments in accordance with procedures.
(4) Support for the optimization of planning indicators and parking space ratios in urban renewal projects. Within the scope of the “Mianyang Old City Control Detailed Plan,” for approved and implemented old city renewal and transformation projects where the planned land use is designated as “commercial with residential compatibility,” the commercial floor area may be calculated based on “commercial ≥ 4 stories,” i.e., the gross floor area for commercial use ≥ net land area × building density in the control plan × 4.For urban renewal projects involving land that has not yet been transferred, the local government (Management Committee) may apply for planning adjustments in accordance with established procedures. The total development volume after adjustment shall not exceed the total development volume specified in the current control plan. The planning control indicators for the plot must meet current regulatory requirements, and relevant requirements for public service supporting facilities—such as education and elderly care—for the additional population must be implemented.Provided that technical indicators are met, for old urban area renewal and renovation projects, after the completion of expropriation, demolition, or buyback under the principle of “preserving the best, renovating, and demolishing,” the land is reallocated to form a single land use entity. In such cases, the floor area ratio (FAR) of the project may be recalculated by combining the new and existing buildings.
The number of parking spaces for new projects may be reasonably determined through a traffic impact assessment, but shall not be less than 0.75 times the construction standards set forth in the current “Mianyang City Urban Planning Management Technical Regulations.”
(5) Optimize land use planning indicators for key projects such as housing delivery guarantees. For key housing delivery guarantee projects where adjustments to the plan are deemed necessary for major public interest and have been confirmed through municipal government review, the local government (Management Committee) may apply to optimize the planning of the project site; upon approval by the municipal government, the local government (Management Committee) may apply to initiate planning adjustments in accordance with established procedures.The planning adjustment plan shall meet the relevant requirements for public service supporting facilities. After the planning adjustment plan is approved by the municipal government, new planning conditions for the project site shall be issued. Real estate development enterprises or bankruptcy administrators shall, in accordance with the new planning conditions and after paying the supplementary land transfer fees as required, proceed with subsequent land and planning procedures. Any violations of laws or regulations shall be handled in accordance with relevant laws and regulations.
(6) Optimizing Floor Area Ratio Requirements for Real Estate Development Projects.For residential or mixed-use residential and commercial land newly supplied after July 1, 2023 (as determined by the contract signing date), the following community-serving facilities—community service stations, cultural activity centers, sports activity rooms, health service stations, combined community office and elderly care service facilities, household waste collection points and waste treatment facilities, and public restrooms—may be excluded from the floor area ratio calculation; however, upon completion, they must be transferred to the local government free of charge.
(7) Support for Phased Planning Verification. For real estate development projects with a construction volume of 50,000 square meters or more, provided they comply with relevant standards and meet the functional requirements for phased commissioning, the real estate developer may apply for and, upon approval by the competent authority for natural resources and planning, undergo phased acceptance for planning verification. On-site inspections for planning verification and initial real estate registration shall be conducted concurrently with inspections of elderly care facilities by the civil affairs department and educational and sports facilities by the education department.
(8) Support the construction of high-quality residential communities. The floor area of ground-floor elevated spaces used for landscaping or other public activities shall not be included in the floor area ratio. To support the demand for improved housing, building heights may be locally adjusted as appropriate—subject to meeting aviation height restrictions and following a feasibility study—to optimize urban space, provided the land is not located along major urban waterfronts, mountainsides, key urban roads, historic and cultural districts, or major parks. Green space ratios and building densities shall be optimized accordingly.
III. Strengthening Service Guarantees
(9) Adjust the construction progress requirements for pre-sale permits of commercial housing. Provided that the statutory conditions for pre-sale permits are met, the construction progress requirements for new commercial housing projects applying for pre-sale permits between July 1, 2023, and December 31, 2024, are adjusted from the original requirement of “completion of the main structure up to the 6th floor for buildings of 6 floors or fewer, and completion of one-third of the above-ground floors (with no fewer than 7 floors) for buildings of 7 floors or more” to “completion of the 3rd above-ground floor” for the issuance of pre-sale permits.
(10) Adjustment of Payment Deadlines for Urban Infrastructure Development Fees and Housing Provident Fund Contributions. For real estate development projects commencing construction between July 1, 2023, and December 31, 2024, real estate development enterprises may submit a written commitment to the relevant authorities to defer payment of the urban infrastructure development fees due at the time of project filing until the project’s completion acceptance.Real estate development enterprises facing genuine difficulties in contributing to the housing provident fund may apply for a deferral of contributions in accordance with regulations, with the funds to be paid in full upon expiration of the deferral period; during the deferral period, employees’ normal withdrawals and applications for housing provident fund loans shall not be affected by the deferral.
(11) Implement tax preferential policies. For overdue taxes and late payment penalties owed by real estate development enterprises, enterprises may first pay the overdue taxes and then pay the late payment penalties in accordance with the law. For enterprises facing special difficulties that prevent them from paying taxes on time, they may apply for an extension of the tax payment deadline in accordance with the law, with the maximum extension not exceeding three months. Implement tax preferential policies to ensure that eligible real estate development enterprises fully and promptly enjoy all applicable tax benefits.
(12) Strengthen financial and credit support. Guide commercial banks to implement relevant regulations on minimum down payment ratios and minimum interest rates for commercial personal housing loans to meet the housing needs of first-time buyers and those upgrading their homes. Guide commercial banks to adjust interest rates on existing personal housing loans in an orderly and lawful manner. Support the issuance of real estate development loans. Implement national financial support policies to ensure the completion and handover of housing projects.
(13) Promote “mortgage-in-place” property transfers for existing homes. Further optimize online contract signing and registration service processes for existing homes. Provided that the security of transaction funds is ensured, procedures such as property transfer, mortgage modification, and the issuance of new loans may be legally processed without the need to prepay the remaining loan or cancel the mortgage registration.
(14) Support the development of affordable rental housing and talent apartments using existing housing stock. Encourage localities to repurpose existing commercial housing units from key projects—such as those ensuring the completion and handover of housing projects—for the development of affordable rental housing and talent apartments. Encourage real estate developers to develop rental housing that can be rented or sold through methods such as renovation and repurposing of existing stock.
IV. Promoting Housing Consumption
(15) Adjust the implementation period of housing provident fund policies and optimize the “commercial-to-provident fund” conversion policy.The implementation periods for the three policies—"adjusting the method for determining the number of housing units owned," "allowing withdrawals and loans for newly purchased housing," and "increasing the liquidity adjustment coefficient"—as stipulated in the "Notice on Adjusting Housing Provident Fund Usage Policies" (Mian Housing Provident Fund Management Committee [2023] No. 2) and the "Notice on Extending the Implementation Period of Certain Housing Provident Fund Usage Policies" (Mian Housing Provident Fund Management Committee [2023] No. 4) shall be extended to December 31, 2024.Employees in our city who have used commercial personal housing loans to purchase owner-occupied housing and subsequently withdrawn housing provident fund to pay the down payment for the purchased property may apply for the “commercial-to-provident fund” conversion, provided they meet other relevant requirements.
(16) Implementation of Home Purchase Subsidies and Preferential Policies. From July 1, 2023, to December 31, 2024, individuals purchasing newly constructed commercial housing within the Mianyang urban area (including Anzhou District) shall be eligible for subsidies and preferential policies according to the following categories.
1. A deed tax subsidy will be provided for the purchase of new commercial housing. Specifically, a full subsidy will be granted for units with an area of 90 square meters or less (excluding 90 square meters); an 80% subsidy will be granted for units between 90 square meters (inclusive) and 144 square meters (exclusive); and a 50% subsidy will be granted for units of 144 square meters or more.
2. Families eligible for the policy to have a second or third child who purchase new commercial housing will receive a subsidy of 200 yuan per square meter of floor area, with a maximum subsidy of 20,000 yuan per household. For multi-child families who have contributed to the local housing provident fund and are purchasing their first self-occupied home in Mianyang, the maximum loan amount for provident fund loans will be increased by 20%, and the loan limit will be raised by 100,000 yuan above the current maximum loan amount.
3. Individuals with rural household registration, active-duty military personnel, veterans, dependents of martyrs, dependents of military personnel who died in the line of duty, dependents of military personnel who died of illness, family members of police officers who died in the line of duty, frontline medical workers in the COVID-19 response, and community workers who purchase newly constructed commercial housing shall receive a subsidy of 200 yuan per square meter of floor area, with a maximum subsidy of 20,000 yuan per household.
4. For the purchase of commercial properties within new commercial housing projects, a subsidy of 1.5% of the total purchase price will be provided.
5. For the purchase of parking spaces in new commercial housing projects, a subsidy of 3,000 yuan per space will be provided to the purchaser, with a maximum subsidy of 6,000 yuan per household.
For the subsidies listed in items 2 and 3 above, eligible homebuying households may receive a maximum of two subsidies, even if they meet the criteria for multiple items.
Subsidy funds shall be shared between the municipal and district (industrial park) levels, with the municipal government bearing 30% and the district (industrial park) government bearing 70%. Specific implementation rules for the subsidies shall be formulated and issued by the Municipal Housing and Urban-Rural Development Commission in conjunction with relevant departments, including the Municipal Finance Bureau, Municipal Health Commission, Municipal Civil Affairs Bureau, Municipal Public Security Bureau, and Municipal Veterans Affairs Bureau.
Real estate developers are encouraged to offer special discounts to groups meeting the conditions outlined in items 2 and 3 above; the amount of such special discounts shall not be included in the price range for sales “not to be sold at less than 85% of the filed price.”
(17) Enterprises are encouraged to offer group purchase discounts. Support is provided for government agencies, enterprises, public institutions, villages, communities, and civil organizations to organize group purchase activities. If a single entity purchases 10 or more commercial housing units in a single transaction within the same project, real estate development enterprises may voluntarily offer additional group purchase discounts, provided that such discounts do not exceed 5%. The amount of group purchase discounts shall not be included in the price range subject to the requirement that “sales prices shall not be lower than 85% of the filed price.”
(18) Enterprises are encouraged to conduct external promotional activities. For a single real estate development project, if the cumulative sales of new commercial housing (as recorded in online contract registration) to homebuyers outside Mianyang City between July 1, 2023, and December 31, 2024, reach the following thresholds, the real estate development enterprise shall be granted financial incentives as follows: 1 million yuan for 30,000 (inclusive) to 40,000 (exclusive) square meters;2 million yuan for 40,000 (inclusive) to 49,999 (exclusive) square meters; and 3 million yuan for 50,000 (inclusive) square meters or more. Real estate development projects receiving special government policies are not eligible for these awards and subsidies.
These measures shall take effect from the date of issuance and remain valid for two years; where specific time limits are stipulated in these measures, such time limits shall prevail. Provisions in Mianyang Office Regulation [2022] No. 2 and Mianyang Office Regulation [2022] No. 5 that have not yet expired shall be implemented in accordance with the original document’s timeframe; in the event of any inconsistency with these measures, these measures shall prevail. All counties (cities) may implement these measures by reference.
