Wuhu Actively Promotes the Virtuous Circle and Sound Development of the Real Estate Market

On December 17, it is learned from the press conference held by the Municipal Housing and Urban-Rural Development Bureau that Wuhu has always adhered to the principle that houses are for living in, not for speculation. The city has implemented a combination of measures to establish a mechanism for adjusting the prices of land and housing, keeping the overall stable operation of the real estate market.

According to statistics, from January to November, Wuhu has witnessed an increasing investment in the development of real estate market year-on-year. The city has completed an investment of 52.327 billion yuan in the market, a year-on-year increase of 16.9%, ranking third in the province in terms of its growth rate. Housing prices remained stable overall. In November, the average price of commercial housing in the city was 9,940.63 yuan per square meter, a year-on-year increase of 4.03%. The sales area of commercial housing was 6,656,400 square meters, a year-on-year increase of 37%, ranking first in the province concerning its growth rate. The listing of commercial housing has been accelerated as well, and the pre-sale area of commercial housing approved by the municipal government was 5,228,100 square meters, up 29.25% year-on-year.

Since the beginning of this year, Wuhu has continuously optimized the land supply structure, and selected different transfer measures in the auction of the use right of state-owned land, effectively preventing high land price from causing high housing price and disrupting market expectations. In the pricing of commercial housing, we strictly implement the filing of commercial housing prices, and guide real estate developers to make scientific and reasonable pricing through stringent housing price filing management. Meanwhile, we implement the notarization and lottery sales system of newly-built commercial housing and improve the pre-sale system. We continue to strengthen policy interpretation and market information disclosure, and improve the online media consultation mechanism. While guiding the positive public opinion, we strictly crack down on all kinds of chaos in the real estate market, strengthen the supervision system of risky real estate funds, effectively remove disputes and risks of overdue delivery of real estate projects, and resolutely safeguard the interests of the people and social stability.

Translated by Wang Mengxiao from Foreign Affairs Office of Wuhu Municipal People’s Government