To implement requirements of “strengthening the trading method of controlling land price and limiting house price” and “encouraging real estate development enterprises to take self-owned residence as the source of rental housing” in “New Policy on Sept. 30”, on October 28, Urban Planning, Land & Resources Commission of Beijing published the Supplementary Announcement on the Transfer of Use Right to State-owned Construction Land for 4 Parcels Including Yongfeng Industrial Base (New) HD00-0401-0062, 0166, 0158, etc. for the Overall Development of North Haidian Area in Haidian District, Beijing, further elaborating the bidding rules for 4 pilot land parcels of “limiting house price and bidding land price” in North Haidian and Huangcun, Daxing.

According to the Supplementary Announcement, upper limit of land price has been set for these 4 parcels, specifying the limited sales price for commodity housing in the future on the basis of strictly controlling land price, of which, for 3 parcels at Yongfen Industrial Base, Haidian District, the average limited selling price of commodity housing is RMB53,400/m², the highest limited selling price is RMB56,100/m²; for the land parcel at Huangcun Town, Daxing District, the average limited sales price of commodity housing is RMB55,800/m², the highest limited sales price is RMB58,500/m². Such measure is both beneficial to guide the market subject in participating in competition rationally and propitious to stabilize the house price within certain reasonable range.

Meanwhile, bidding rules for these 4 land parcels have clearly defined that when the site bidding price reaches the expected upper limit of land price, it would be transferred to the area of commodity house held by bidding enterprises. Commodity housing held by enterprises shall be taken as rental housing wholly and shall not be sold. For land parcel containing independent public buildings, it will be transferred to the area of public buildings to be reported after 100% of building area for residential purpose is taken as commodity housing held by enterprises independently upon bidding. Such measure aims to carry out relevant requirements of “encouraging developers to take self-owned housing for leasing, increasing the supply of rental housing source and satisfying residents’ demands for renting residence” in the “New Policy on Sept. 30”.

Besides, to improve the construction quality of commodity residence, developers must carry out construction according to the implementation requirements of current green buildings and residence industrialization specified in planning conditions, in addition to which, this supplementary announcement also puts forward the bidding method of investing high-standard commodity residence construction scheme. According to bidding rules, developers whose self-held area proportion upon bidding reaches 100% shall deliver the construction scheme of invested high-standard commodity residence on the 10^th working day after the bidding date on site. Selection committee formed by specialists will give a mark for these schemes, evaluation standards include: star level of green building, implementation proportion of prefabricated construction, application of other energy-saving and environment-friendly technology, planning & construction scheme, operation scheme of enterprise-owned commodity housing, etc. This measure is designed to safeguard the building quality of self-occupied residence in rigid demand.