High house prices future regulation or keep tightening

Recently, the Wuhan Vanke website released news that its five major items in the sale of the same time the promotion of promotional activities. In two times under the control of sensitive period, the leader of the implementation of the promotion plan, rapid speculation for the imminent trigger a new round of price reduction. At the same time, the Ministry of Housing and the Ministry of Land Department of two recently also formed a joint investigation team, mapping the local central control policy implementation. In accordance with the practice of previous years, the Central Economic Work Conference is expected to be convened, the inspection is likely to be the central economic Work conference to tone the housing policy next year for reference.　　Whether at the policy level or the market level, the housing market facing the coming 2011 years may have a new change. Capital pressure to increase Vanke Wuhan, the first to reduce prices November 18, Wuhan Vanke website released news that its five major items in the sale of promotional activities at the same time. Including each of the 10 sets per week, "one price" special availability, home purchase is to send 11888 yuan household appliances Fund;　　In the sensitive period of two regulation, the leader's promotion plan was quickly assumed to be the opening of a new wave of price cuts. This is not the first time this year, Vanke is about to trigger a price surge.　　After the first regulation of April, Vanke has been in Beijing, Shenzhen and several other cities to achieve regional promotion. Objectively speaking, Vanke this year October sales has exceeded 86.9 billion yuan, product inventory can only be for about 3-4 months of sales. At present, Vanke has more than 40 billion yuan in cash, the third quarter net debt rate of only 27%.　　With sales buoyant, Vanke does not seem to have much reason to cut prices. However, the price of Wuhan Vanke, financial commentator Tan said, this at least indicates that a certain type of real estate developers have begun to return funds. "Vanke is in an industry terminal, the scale is larger, the land is also more, all over the real estate many." Such developers are subject to the financial pressure is relatively large. Although he has hit a new high this year, I think there is a shortfall when he really has to bring back the cash to make up for his future construction and land part. "In fact, as of the end of October, Vanke has taken more than 70 places in all parts of the country this year, with a total amount of over 45 billion yuan, and a total area of more than 17 million square meters." Vanke's actual construction this year also reached 8.75 million square meters, exceeding the annual plan of 200,000 square meters. Only last week, Vanke competed for 4 residential land, including 2 in Beijing, 1 in Guangzhou and 1 in Nanjing.　　Among them, Vanke in Beijing Haidian District Two land is the regulation of the policy issued after the introduction of two of the most high-quality residential land, in the Haidian district, northwest Wang town C1 block residential land transaction floor price 19998 yuan/square meters, is last week, the highest average price of the plot. From this point of view, Vanke headquarters required to open a single month in the home 60% sales, not only to maintain high capital turnover, but also the inevitable choice of development model. And according to this logic, like Vanke relies on rapid turnaround to maintain the size of the big rulesMold housing enterprises, the need to continue to purchase land, development of new projects, sales of funds to maintain business and growth continuity. These companies, even if they still have more money on their books, are actually facing greater financial pressure.　　In the context of regulation and wait-and-see, the reduction of promotional funds will be the inevitable choice. has not lifted the price of high-end property prices are still in the price but, Wuhan Vanke's preferential behavior also did not spread throughout the country. In the last round of regulation in the general price adjustment in Beijing, Shanghai and other Vanke real estate, there is no price reduction plan.　　And the same part of the central second-tier city of Changsha Vanke currently sales of three projects, not only did not appear to reduce prices, and the unit price than before also significantly rose nearly thousand yuan. Economic commentator Tan pointed out that the price of Wuhan Vanke, although there is a landmark role, but not to affect other real estate developers. For example, high-end luxury brand developers will not be affected by them.　　There are some developers have opened, is open three, four phase of the real estate, is not likely to be affected, otherwise buy a period, two tenants will rebound. Look to the entire market, despite the decline in turnover, housing prices have begun to reduce growth, such as Wuhan Vanke, some real estate and housing companies also have price promotions, but the overall decline in housing prices did not appear. In particular, some luxury projects, because most of the buyers of capital strength, can still bear higher prices, prices are rising.　　If in Shanghai, the property market Regulation rules promulgated, November 1-17th, the average price in 50,000 yuan/square meters above 19 new real estate, up to 80% of the project transaction price rose, the chain rose in 7%-2% range. The latest figures from the China Index Institute also show that in 17 of the 30 major cities monitored last week, the volume of property transactions rose by a quarter. Among them, Wenzhou, Yangzhou, Nanjing and Kunming 4 cities rose more than 50%. Of the 10 key cities, Nanjing trading volume rose the biggest, to 61.36%, followed by Shenzhen, up 40.61%. Trading volumes in Beijing, Tianjin and Chengdu fell only in 10 key cities.　　Price, in the city can be monitored to the price, Kunming price chain Rose the largest, reached 23.11%, Haikou, Lanzhou and Hangzhou price chain fell more than 10%, the rest of the city transaction prices relatively stable. The adjustment policy is tightening, but the response to the downward adjustment of house prices is not obvious, and Tan believes that the decline in turnover is a good phenomenon, the overall price decline still need to take time. and Hua Yuan President Ren Zhiqiang is blunt to think that the role of regulation is limited.　　In his view, the regulation is likely to be in front of several regulation will not be too much difference, that is, adjust the initial price consolidation, and then prices began to rise, and innovation high. The two ministries ' accountability system may endanger officials ' wushamao but from the government level, especially the central authorities, the determination to regulate the property market remains unchanged. In accordance with past practice, the Central Economic Work conference will be held in the near future. At this node, the Ministry of Housing and the Ministry of Land recently formed a joint investigation team, went to all parts of the country to check the provincial government housing planning, idleTo clean up, safeguard the housing construction and investigate the illegal housing enterprises and other related issues, mapping the local central control policy implementation. In fact, each regulation since this year, the central government has been particularly focused on the collection of market information and response to timely adjustment policy. As in March this year, the Ministry of Land and Resources had organized odd officials, went to 30 provinces and cities in the country to carry out field research, and then April issued a property market regulation of the new Deal.　　Therefore, this research is likely to be the upcoming Central economic Work conference to tone the 2011-year property market regulation to provide a reference. Analysts pointed out that the 2011 Housing control policy will undoubtedly remain tightened, such as the real estate tax and other new policies may be formally launched in 2011 pilot.　　And in the Central Economic Work conference, it is likely that next year's credit scale, the allocation of investment projects and more austerity policies have new initiatives, tightening credit is inevitable. Some experts pointed out that the Central Economic Work Conference may be the next year's open market operations, increase reserve requirements and raise interest rates will have a clear tightening of demand. Another very important issue is the allocation of loans during the year. The government is expected to take tougher measures than ever to avoid a concentration of loans in early 2011.　　These will indirectly have a greater impact on the property market. In addition, many local governments are beginning to feel the pressure of the central government, and the accountability system of property regulation may also affect the wushamao of some officials. Recently, a real estate in Nanjing will be priced at 15,000 yuan/square meters, but the local government "suggested" the opening price of 13,000 yuan/square meters.　　These phenomena will be a new positive factor for the 2011-year property market regulation. Reporter Lu Yi