Let look at some other figures: Land and Resources announced last year, Chinese local governments more than the total price of land 1.59 trillion yuan, an increase of 63.4%.
State Department informed explicitly require that financial institutions continue to support the residents in the first loans to buy ordinary housing at the same time, two sets of home purchase loans to strict management, the loan down payment shall not be less than 40%, interest rate risk in strict accordance with the pricing.
Shanghai, China Banking Regulatory Bureau of the stress tests will show If prices fell 10%, mortgage bad rate 2.6 times the normal situation. and to September 30, 2009 data as a benchmark in the price fell 10%, 20% and 30% scenario, the rate will be bad reached 1.18%, 1.51% and 2.08%, respectively, than under normal circumstances, increased 0.73, 1.06 and 1.63 percentage points.
– revision YANG Shu-Chen / Qugui Juan
* unstable, and real estate-based economic recovery industry efforts to control the status quo to contain
Although the Chinese government do not want to see the rapid rise in house prices lead to grievances, but the “up” is a general trend of China leading real estate – Vanke Group (000002.SZ: Quotes ) (200002.SZ: Quote) chairman Wang Shi had said in an interview that China housing prices the next three years should be no doubt continue to go higher.
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“housing prices never a reason for the introduction of property tax, house prices rise naturally not affect the introduction of property tax.” Academy of Finance and Deputy Director of Trade and Economic Research Aim clear.
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China implementation of property tax pilot (idle) has been about three years, while housing prices rose too fast every time when the voice of the introduction of property tax also will be heating up.
He further explained the property tax is a property tax purposes, is to adjust the gap between rich and poor as part of property taxes to maintain the circulation of hard work on the property, housing more needs to be controlled circulation, even if the property tax impact to house prices, house prices will not become a tool for regulation.
But he also mentioned that, due to the introduction of the tax requires the cooperation of local government, from the current situation, the local government enthusiasm is not high. < br /> / * 0324 BlogMore * /
around the same time local governments have also for developers to store red Shandong Province to increase the intensity of the disposal of idle land, idle land clear that one year less than two years from land and resources management departments sell or transfer the land price by 20% of standard land transferee shall be charged to 土地闲置费.
China Land and Resources Minister Xu Shaoshi recently pointed out that the current rebound in illegal land where a lot of pressure, The first is the local response to the financial crisis and maintain stable and rapid economic development, demand for land remains strong.
* against hoarding local governments can cooperate fully with the global market deposit doubt
largest bank – Commercial Bank of China (601398.SS: Quote) (1398.HK: Quote) made it clear that this year for real estate loans, ICBC will strictly enforce the access list system of real estate development business management and loan conditions, lack of capital is strictly prohibited on the project, the “four card “missing the real estate business or project loans, the existence of” tun “,” cover plate “behavior of the real estate business is no longer issuing new loans and collect the loans.
* brewing properties purpose is not lower tax rates, is to improve the tax
China State Administration of Taxation of property taxes then deputy director Yang Zhou, also known as property tax reform is currently still in the research and preparation stage. and said the tax authorities, tax policy the executive organ of the State Council has promulgated for the real estate tax policy, by the tax authorities with the implementation.
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* the vital interests of banks tightening mortgage touch is curried or a sham?
** attitude “ambiguous,” the bank **
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He said the real estate tax reform focused on cleaning fees, Jane and taxes, fair pay, cancel all unreasonable, illegal fees, a portion of a tax nature of the charge to tax. combined property tax, urban land use tax, assessed value of real property by the introduction of a standardized real estate tax.
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“land finance is still the main source of wealth in many parts, who could not see, if implemented will impact on the local economy How? in terms of local officials, after all, economic development is the top priority, “he said. (End)
the face of the government against hoarding, severe posture control the real estate market, the banks control the lifeblood of funds followed Subsequently, in terms of regulators, or to the commercial banks have made it clear that this year will strictly control the real estate business loans, while against the speculative demand, and control two sets of mortgage.
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State Administration of Taxation another unnamed official also said the tax system from the point of view to study the introduction of the real estate tax (property tax), which is based improve the local tax system taxes the heart, but also helps improve the regulation of the real estate market. who occupy real estate, the more the larger the area, who earned more, inhibition of real estate speculators.
joint crackdown central and local developers store to the big screen as if opened, but “thorough investigation” began, whether to “punish” the end? China land resources available for development to ensure that 18 million hectares of arable land can not touch the red line under the premise of how much space can be increased?
** crackdown store: central and local game **
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Beijing a large state-owned bank mortgage departments who says that the mortgage is a lot of Bank the most profitable business, but now the mission beyond the state-owned commercial banks is a policy interests. “tables do not stand a gesture, but also take into account the specific implementation of banking needs.”
bank can live strictly on real estate in early lending commitment, probably should be discounted.
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against hoarding, the difference of credit, to increase affordable housing supply one another prescription attached, the first month of this year, China 90 % turnover of the main area of ??the city fell, but the price is not obvious loose.
released in 2009 according to China central bank financial institutions to invest in Statistics show that last year the real estate development loans grew significantly faster, the annual total new 5,764 million, year-end balance of the year on year increase of 30.7%. accelerate the growth rate 20.4 percentage points the previous year.
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and hot in the property taxes on housing prices have what impact? really let down the high prices do?
in China real estate sector has always been “bluntly” famous Ren Zhiqiang, president of the Huayuan Real Estate wrote “比窦娥还冤 of China Real Estate,” Bowen said the experience of developed countries from the global historical process of view, any country in the city of this process of development are, without exception, the real estate as a pillar industry.
China in November last year Beijing has recovered a large dragon estate price shoot of “sites”, Nanjing also recovered two years ago, the land sold at high prices are not scheduled for enterprises signed the land transfer contract.
“the end of 2009, the national real estate development company in the hands of already has nearly 300 acres of land, to ensure that the next two to three years, real estate development is not a problem , the national land reserve centers at all levels of reserves for more than 220,000 hectares of land. “vice minister of land? small Su said.
around the average transaction price, but not inhibited, Beijing, Tianjin, Shenzhen, the average transaction price continues to rise, refreshed history, the other major cities to adjust prices downward slightly, but still at a high level.
** right and wrong “property tax” **
this wave of regulation, the same as for the mystery of the Chinese real estate market, what kind of impact will be?
From the data, statistics show that China Index Research Institute, New Year first month, China major cities in an area of ??approximately 90% decline in property transactions, Haikou, Sanya, bucked the market trend Due to the State Council approved the construction of Hainan Island, planning to boost international tourism.
though the bank statement with certainty, but a look at China last year, real estate development companies and funding sources of the data can be seen, the domestic real estate companies last year, up to 11,293 loans billion yuan, up 48.5%.
property tax or property tax, also known as real estate taxes, mainly for land, housing and other real estate, require the lessee or owner to pay a certain tax year, the tax value will be paid with with the increase of the value of the real estate market to improve.
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National Bureau of Statistics latest figures show that China January 70 cities housing sales price rose 9.5%, increase over last year expanded 1.7 percent in December, also in June last year, house prices rose year on year since the eighth consecutive positive rise, shows the introduction of real estate in the government policy, housing prices are still power diminished.
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Yunnan Province also provides the land transfer price for the first time the land assignee payment shall be less than 50% of the land lease contract price (rent) must be cleared first intercourse, shall not be paid in installments.
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Reuters, Beijing, February 22 – — China high housing prices really upsets the Government decision-makers and ordinary people sleepless nights, but high prices on the chariot tied the interests of developers and banks chain, and then with the lifeblood of the local government on the “land finance” , it increasingly becomes “cut and chaotic”.
Ren in his blog that this is a clearly calculate exactly the mess, and listed a series of data to refute this, and 98 years according to the developer purchased the land area, floor area ratio with the completion of an area such as a variety of algorithms, “how are not counted and 300 acres of land in the hands of the developer account.” he said in a blog.
China the basis of the economic rebound is not yet solid, high-end prices entangled with many interests, coupled with inflation expectations, investors favored real estate preservation, etc., may be destined to the final regulation is “aloft, gently put down”.
Ministry of Housing and Urban China, an official said that the current real estate market, especially the regulation of land market regulation based mainly on local government. “After all, land control and management control in the hands of local government.”
Authors Yan Shen
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review of China past regulation of the real estate market, whether it is “the six” and “the eight”, with every round of real estate regulation, China housing prices never seem to stop singing “BBK” tunes.
the existing financial system in China, local government revenue from land sales are not included in budget management, according to the Ministry of Finance report on the 2009 budget, local governments income of nearly 60,000 yuan, is easy to see from a comparison of the data, land transfer about local revenue-odd years, perhaps this is the king of Chinese astronomical frequent deep-seated reasons.
this time round the focus is undoubtedly thorough investigation of the developers hoarding land. Land and Resources and the Ministry of Construction and other related departments sent inspection teams to go around checking, paranoia, under former prominent part of the “sites” have fallen.
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The official statement is diametrically opposed: National Bureau of Statistics announced the development of the total land area of ??23,006 square meters, down 19.9%; Land and Resources said the total land supply in 2009 increased significantly, maybe China, how many land available for development this account, you need a new round of land resources will be clear after the investigation concluded.
February 22, 2010 Monday