(experts, media and industry hotly debated.
to , Pan Shiyi, led by close combat situations and the media.
whether to rush to listed companies on the laissez-faire is not only pushed up land prices, house prices, gave birth to reflect the behavior of the bubble economy?
prevent developers from malignant store, to prevent the such as joint control. Currently, the listed room prices and hoarding crazy developers hoarding land and resources are strictly limited to a critical period in the game, through the all constructive comments, and promote the sound development towards the real estate industry, this is the greatest significance.
first: not listed on the delisting, Exclusive coverage) to Wang in the recent
real estate has always been respected by the people 29 > , but real estate experts Cai Hong Yan comments published on his blog, ; listed misappropriating, misappropriating take, take the business to continue to maintain reproduction, , increase. Golden Group will also consider the future market, but there are many restrictions as listed, not very smooth, so must consider other ways, such as the backdoor listing. interview, Golden said chairman Zhangbaoquan.
been in the industry as owner of enterprises, which is already on the road to the market can not help but worry a backward Zhangbaoquan. Although Zhangbaoquan has always been in the industry that and sense of urgency.
Coincidentally, has been the development of secondary and tertiary cities plot
rumors, , it has already started to Hong Kong to the financing plan, expected next year will be officially listed. currently seeking to line up the Pearl River Delta Hong Kong-listed property developers have at least 9: Galaxy, excellence, Beijing based, Greenview, Kaisa, Hong Rongyuan , Hengda, Star River, and Masuda and so on. Hengda expected and Lake real estate stocks such as five mainland, Hong Kong listing next year, at least 42.9 billion Hong Kong dollar financing. This is just a continuation of boom listed mainland developers, there are many in the Mainland in 2007 Housing prices visit Hong Kong stocks, there is only Guangdong Country Garden, KWG, the Chinese Olympic Park.
Hard on the real estate macro control to further and further difficult. real estate development is capital-intensive industries, the enterprises to survive large-scale development will depend on the ability of capital financing, bank credit to raise the threshold, direct financing in the capital market will be the expansion of large-scale real estate enterprises the main channel. So, the real estate market to develop such a situation: on the one hand banks to tighten lending, while the stock market door step almost excessive housing prices, a large number of well-known unknown of the housing prices are an attempt to enter the A shares, H shares of the door . Vanke led in the long ride to the capital market real estate speculators are listing, or to exit the real estate market.
Listing and refinancing after the listing, the main intention is to take place, and not really short of money, as long as the take, always short of money. Since May of this year, Hangzhou, Shanghai, Chongqing, Dongguan, Changsha and other places in the new round of community across the river as pawns, just into the rebate. At present, house prices in major cities in China, Cai Hong Yan said, The ten skyrocketing, and developers to finance the addition to the stock market in the context of the main channel, the supply of more amount of land can only be lifted more than foam of the subject stock speculation, and certainly not in order to ensure low-income people to own homes .
rising house prices made the current Chinese real estate, to achieve their interests. the government must face the risk of turmoil in the real estate crash. oligarchs to their own interests for the real estate, house prices and the economy hostage we have to remain vigilant.
170 家 room rate share of 30%
the financing of listed companies continue to take place, non-listed companies more impressively on a cooperation on the phone. a series of financial and other regulatory policies to accelerate the number of qualified passive acceptance of poor integration of small and medium sized developers.
Beijing Chongwen a project covers an area of about 6,000 square meters, a small company developers to Miyun, 1993 years to get the land, and at the project site, the reporter did not see any signs to start. According to informed sources, after a few more , need to re-take the land use certificates. Resources Board has the transfer of friendship and cooperation between the developers. began to develop over billions to the present. This expansion of the scale of the formation of the relative concentration, the last one of the largest housing prices probably account for less than 1% of market share, but now some of them have reached the 1% or 2%; ago strength of housing prices over the past 300 together accounted for 30% of the 170 listed room rate is now the market concentration to 30%!
second: the depth of investigation: the top ten sites promote regional house prices rose an average of 20%
erosion of the monopoly of a class. prices rise with the past by the investment chain, from demand-driven housing prices to live is not the same, the strength of corporate capital to the region re-pricing, along with other developers to bid up land prices, house prices.
there are too many facts Fan support the views of small punch.
the king was born in Hangzhou - the week surrounding real estate price increases .7 9 March 6000, home to 1.476 billion yuan in Ningbo Younger won the Hangzhou government reserve price of the <2007> 23 plot (the former Zhejiang University of Commerce and Industry), floor price of up to 15,712 yuan / square meter, once again set a record. after the events took place within a week, around the park from 140 million yuan elegance nine / square meter rose to 20,000 yuan / square meters.
Shanghai to the king was born - the surrounding real estate prices rose 4,800 yuan .11 8, Shanghai New Jiangwan City D3 block the final price of 1.301 billion yuan in Singapore Yanlord into the bag, the floor premium of up to 20,000 yuan / square meter. Green City since June to 12,500 yuan / square meters of floor price has won the D1 block, only separated by 4 months, the new block Jiangwan City land prices by as much as the floor 60%. Today, the new Bay City One works (Hopson Jiangwan International Apartments) from September 20,000 yuan / square meter price quickly rose to 24,800 yuan / square meter.
was born in Nanjing to the king - the surrounding real estate prices will rise 2,500 yuan .7 26, Vanke joint Po Ching home to 1.785 billion yuan in Nanjing Jiangning District purchased the first cattle Hill plot, setting a 3278 yuan / square meters of floor price record of Nanjing, when the ground blocks surrounding real estate prices in the 4,500 yuan / square meters, within three days to get to China Vanke, the second-hand housing Jiangning average listing price rose by 300 yuan / square meter, the industry have to predict the future price of the land will reach 7,000 yuan / square meters.
the king was born in Chongqing - the surrounding real estate prices rose 1,600 yuan .8 3, Hengda Real Estate Group to 2.53 billion yuan in Chongqing Yuzhong District and the bundled auction of two prime plots Jiulongpo turnover 1.6 billion higher than the reserve price, House prices have risen to 4100 yuan / sq m, the region's Xu Qing-Bay International has reached Huadu current average price of 5100 yuan / m.
in the to drive up land prices in the industry a total of almost 2007 identified the main characteristics of real estate. Regional house prices is caused by the monopoly pricing power. drive the effect home prices in major cities to further
promote the continuous rise in prices. National Development and Reform Commission announced on November 14 the survey data, October 2007, 70 cities nationwide housing sales price rose 9.5%. an increase in major cities, including higher: 19.1% of Ningbo, Urumqi, 18.5%, 17.8% in Beijing, Shenzhen, Beihai and 16.8%, 17.7% and so on. on the price earnings ratio, that is, housing prices and the terms of the ratio of household income The United States is 4 times, 8 times in Hong Kong and Japan, however, this rate China has reached 15 至 20.
contrary to the mainstream of housing security
listed company land prices, so that more people buy a house visited Singapore's HDB. Wen said: ; the market. However, as Hong Kong and Singapore, monopolies. Since housing security system perfect, Singapore 80% of the population lives in groups inside the house, half of the total population of Hong Kong to enjoy the government's public housing security, so the The residential security system is not yet fully established, increase government regulation of the difficulty of the real estate market, making the further implementation of housing security system is facing difficulties.
birth of the stock market bubble
together more than that in 2007 the stock market and property market share in the resulting resonance phase pull is erosion of .
birth of the property market and the stock market bubble together outstanding performance in the following areas:
First of all, real estate, a significant impact on the entire financial system. systems rely on real estate. oligarchs to finance real estate to more capital, capital and land resources are capital and macro-control fight, so macro-control fail. Meanwhile, the existing funds in other industries is accelerating into the real estate industry, long-term effect on the development of other industries is detrimental.
Some analysts believe that the country in 2000 only 5,000 yuan in real estate investment, while in 2006 it reached 2 trillion yuan, an increase of 3 times the investment. Financial Research Center, Beijing Normal University, Ren Zhongwei that, while the fourth quarter basically stopped lending, but that is because the total credit in the first three quarters of the year put out a target. from the current signs of view, the first quarter of next year is entirely possible credit out of control, the central bank may experience very strong regulation of the crisis.
Second, listed property companies , but also planted the stock market bubble. as long as the strict implementation of the real estate macro control policies, or real estate signs of any collapse of the stock market bubble would flood, housing prices enclosure race, grabbing the money, property market risk will be transferred to the capital markets. University Real Estate Institute of Management, said the new deputy director Wang.
again, way into a stock market, and then zoom in, and then enter the capital market, in fact, the Chinese property market and the stock market pushed the global financial system. the foreign property market, stock and property market in China linked to U.S. sub- The credit crisis affecting China. Meanwhile, the Peking University Economic Research Center of the Real Estate Finance Section remind Feng, developers in general are now listed in Hong Kong, but Hong Kong capital is foreign investment, and HK is directly convertible, at the national limit foreign policy, foreign capital into China's real estate is one of the ways, if foreign investors pulled out at any time, the entire stock market and our economy will have adverse effects, this must be a cause for concern.
third: the media expose Phi the largest media attention, but they have launched a mortgage Phi Phi's largest media expose to almost zero premium to buy the land, the event has even been recently bombarded official media Xinhua News Agency, in the to close at 10.52 Hong Kong dollars.
, but got cheap and cold to all. fabulous hair family history, may therefore become a very real black story. , to comfort the people. , Country Garden in the absence of competition can win a piece of 1,039 acres of land, and Country Garden 118 million land premium payment, the authority will back them 96.25%, Country Garden is actually only 3.75% of premium paid, ie 442.5 million to take place. At present, Ministry of Land Resources has been involved in investigating the matter.
Country Garden in the industry known for its abundant land reserves. According to the latest figures, the country's land reserves of the company increased to 5,400 million square meters. the ; cheap to take, phased development, reported that, Country Garden District in Chongqing longevity purchased 6,300 acres of land, who were suspected of irregularities due to transfer of land and resources survey.
Bacheng users found
caused by the Wang for participated in the survey, of which up to 84% of the population that the measure of within the scope of the market. The other 93% of the population of existing property that the oligarchs; and 5% of the population that does not exist. (See Figure 1, Figure 2)
Vanke ratio of 22% of the population among the real estate the first oligarchs; Country Garden's highest rate of 11% from the second, (see Figure 3).
In addition, 49% of the population that and the monopoly pricing power causing regional prices; 50% of the population that the oligarchs in the high-priced real estate on the basis of which to take to push up prices sharply, housing prices and market demand led to a serious departure. and 30% of the population that oligarchs birth of the joint stock bubble.
hundred days inventory of land developers face
wantonly swept the country store, the practice of raising prices, the Government has started to take a series of actions. Following the October 28, Land Resources Ministry official pointed out that the land department has developed four ways to deal with developers to hoard. requires the implementation of efforts to dispose of large idle land. Meanwhile, a national inventory of land violations of the storm kicked off since October, the major cities across the country has achieved initial success.
as of November 25, according to the Shenzhen City Land Bureau revealed that at present is not cleared building sites and 738 have been approved, and recovered in the cleaning process 27 cases the right to use an area of about 87 million square meters. In addition, the Beijing Land Bureau announced this year a total of 592 cases of illegal land clearing, involving land area of 1249 hectares, 300 hectares of land resumption, and to hold the 32 responsibility of the responsible person. and Tianjin from September 17, land law enforcement operation carried out since the Hundred Days, the initial self-examination and cleaning out the 330 illegal land use projects, November 15, Country Garden billion Note Issuance stranded, the industry was considered a further action, before the Secretary of Land and Resources Law Enforcement and Supervision Bao Zhang in an interview, also made the relevant statement. Zhang Bao said that the land the next move of law enforcement, first, to keep the pressure firmly curb the illegal requisition the momentum of the land. The second is called for reform and improve the taxation system as soon as possible, cadre appraisal system and related institutional systems, create a favorable external environment for land management. Third, the intensity of local leading cadres at all levels propaganda relevant policies and regulations to ensure strong establish the scientific concept of development.
Part IV: XII, the industry, enough to make the property market in 2007, filled with Wang Shi, a fierce debate on the speech, and formed a and hazards.
Square:
can not decide on a city or an area of land, housing and determined whether it is High land prices and thus promote the high prices, caused the surrounding real estate rallied together to follow the example of shill bidding, this is the oligopoly effect.
121 documents from the introduction, the Government introduced a number of macro-control policy, focusing on tightening the money supply and ground root. collection After the tight monetary policy, leading developer of financing difficulties, and now, developers have entered the differentiation status, in part to the real estate finance area (between the news Forum album type model), some began to specialize in products. Now, a new round of market difficult to have assets of the company, only large numbers of reserve land, and then listed, so that the land inadvertently entered the stock market, and then zoom in, and then enter the capital market. The Government's objective is to control price stability, but our control means to enable the property market and stock market liquidity between the more amplification, while very difficult to control the expected, thus forming a real estate cycle. Summary down, the stock market is the amplifier. oligarchs desire of real estate is increasing, the future trend how government policy is currently in the game between the desire and the developers, the Government will not rule out the introduction of appropriate control measures.
housing prices reduce the supply store to create an effective
the Ministry of Construction Policy Research Center Director of Research Wen Lin Feng
present, the real estate industry, the biggest problem is the housing problem without a clear national development objectives. the land first needs to solve the housing problems of the residents, or local government should be the main source of income or should a public company to pursue performance evaluation criteria.
Hong Kong SAR, Singapore, affordable housing, respectively, accounted for 50% and 80%, and most of the land by the government free of charge for ordinary housing construction. the proportion of affordable housing high, affordable housing has sufficient supply of land. At present the local government all over the country to ease the housing supply and demand, and constantly expand the scale of land supply, but because of the development of enterprises hoard to conduct intensified, although the land into the market, but can not form effective supply, and many development companies to hoard more than 2,000 acres. the future should first strengthen its efforts to clean up but not yet approved the formation of effective supply of land, part of the land as soon as possible so that the effective supply. alleviate supply and demand. followed by the government in the city of the total land supply, the greater efforts to adjust the supply structure, which greatly increase the protection of housing land supply, to speed up the housing problems of low-income families. The third is an effective means of using the land value increment tax, regulate profiteering developers income, to prevent the hoarding behavior. The fourth is to learn from Beijing, Chengdu and other cities experience, control the scale of single land supply, to avoid a large supply of land and hoarding behavior. and also help prevent monopoly control of some enterprises in the phenomenon of regional real estate prices .
raw land auction and anti-monopoly Ren Zhiqiang, president of Huayuan Group Housing prices
Why dare to store, if we are an open land market, I do not think a high housing prices so bold as to get to, and no development Business dare to excessive accumulation of land, precisely because the policies of the land market demand, which is the largest source. the land system of bidding, auction and the original intention was to prevent government officials use their power to land into state-owned assets, abuse of power tools, so that land resources can be open and transparent market in the best allocation of resources, improve efficiency in the use of land resources, this is a good thing. But the monopoly of land resources can not form a competitive market, but has become a place to land Government access to sources of capital and profits into the market and consumers on predatory monopoly, so that the land price distortion and soaring land prices and housing prices out of control cause.
developers hoarding land is actually a policy store places, such as all levels of government land to the market supply are used for the total number of hectares of supply basis, so come to the total supply of land for housing supply to meet the market's conclusion, and wonder why so much of the land supply is still make land prices skyrocketing, why a lot of land supply in the housing market is still in short supply, but also draw the corresponding conclusions developers reluctant sellers cover plate.
large piece of land in fact is the Government policy of one-time supply developers hoarding land and the rules of the game cover plate reluctant sellers. When a company to get a large piece of land, such as Changsha 9.2 billion a few acres of land, the enterprise can not be strong again this few acres of land while under construction, while on the market. virtually all these acres of land in terms of supply in the government market, businesses can take the time to wait for the appreciation of land.
phenomenon to hoard more and more arrogant developers SOHO China Ltd. Pan Shiyi, chairman of the government 18 million mu of arable land red line
limit urbanization and the increasing difficulty of urban land demolition and other factors, are expected to stimulate the developers on the future market, and now the real estate sector in general are optimistic about the next decade, China will occur over a trillion of market value of housing prices is a concrete manifestation of this optimism. Because of the real estate shares continued good trend, many of the listed room rate with a certain scale, with sufficient cash, began a large-scale and cross-boundary land bank. in the real estate industry continues to boom a few years, we should consider is to be prepared to see in bustling possible risks and take preventive measures.
from global real estate development experience, because of strong regional real estate, real estate companies are generally familiar with the city in its real estate development, real estate development in China is also the case early. But now the stock market favored by the real estate impact, many real estate companies in the domestic market have a certain scale, have enough cash on hand, they began to cross-regional development, large-scale reserves of land, which during the height of the economic and real estate practice, especially large-scale reserves after the land, to convert the land profits of listed companies, but also very difficult and lengthy process, but also need to have good design, planning, construction, marketing and other aspects of sound financial management can put the money into the land changes into profits.
I always thought that the value created by the developer to the community is reflected in the many houses on the cover, instead of hoarding of land in the hands, waiting for land to rise. In recent land auction and the process, developers more and more courage, bidding, auction and get to the floor price has caught up even more than the surrounding house prices, is the euphemistically called Government to increase more supply of land, developers have been hoarded, market supply will still be very small. the government is not only strictly enforced for two years to recover the policy of free land to developers to rush to store to curb the phenomenon. but unfortunately many local government is not doing so rush to hoard more and spread of culture, ...
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