Beijing housing stock shortage housing construction and developers to prepare tax reform basis

Source: Internet
Author: User
Keywords Beijing
Tags beginning compared data demand developers high market market supply
At the beginning of August, developers are still struggling to deal with the downturn, said it will quickly shipments, and now only two months time, developers began to inventory reduction, "No room to sell" and worry. Beijing Real Estate Trading network data show that as of October 28, the Beijing real Estate Trading network can be sold only about 102,000 units, the housing stock down to the lowest in the year, compared with the same period last year about 146,000 of the total, the decline of 30%. The imbalance of supply and demand brought about by the sharp decline of stock will undoubtedly bring pressure to the price adjustment.  In view of the recent market situation, the Beijing construction of the relevant departments and developers often and industry experts gathered together to discuss ...  "The stock is only enough sales for 7 months" from the Spring Festival in 2009 after the "small Yangchun" began, the end of 2008, Beijing, about 150,000 housing stock began to be digested gradually.  According to "Huaxia Times" reporter from the Beijing Real Estate Trading network statistics to understand that as of October 27, Beijing real Estate Trading network can be sold in housing only 68,000 units, can be sold in homes only 34,000 units, the total amount of about 102,000, compared with the same period last year about 146,000 of the total, the decline of 30% In this respect, Ban, vice director of Beijing Institute of China, told Huaxia Times Reporter: "According to our understanding, the current Beijing's available to sell most of the existing homes after a long period of time to sell the remaining problem room, this part of the stock room in the later period is basically unable to digest." And now can sell 68,000 sets of pre-sale, according to the monthly sales of 10,000 sets to calculate, the current Beijing's stock room is only enough to sell 7 months.  Ban also said that this year's inventory digest fast, on the one hand, since March this year, the demand for home purchase was released, trading volume rose sharply, and on the other hand 2008 years after the financial crisis of developers to push the volume and the amount of work to shrink accordingly. In fact, Minsheng Bank recently released the "China Real Estate Finance" Blue Book, pointed out that January-September, Beijing residential new construction area of 7.134 million square meters, the year-on-year decline of 29.9%. In the same period, Beijing residential sales area of 13.014 million square meters, the year-on-year increase of 1.6 times times.  From the housing construction point of view, the operating area is far less than sales area. In this respect, Vanke deputy Sho Jing to "Huaxia Times" reporter said that in the near future, the overall market supply is not too big. On the one hand, developers at the end of last year to judge the macro situation pessimistic, widespread underemployment, resulting in the September after the housing market supply problems.  On the other hand, because the new house supply is small, the price rises too fast, the consumer does not approve.  Developers believe the market is still able to accept high prices, although developers began intensive push in late October, but it does not seem to be effective. Beijing Real Estate Transaction Management network data show that only October 17 and 18th two days, there are more than 10 open sales, including the third zone, the U.S. cubic and Beijing, China and other projects, the number of push plate in more than 500 sets.  Even developers did not expect that more than 3,000 sets of listings within a week almost been snapped. However, the centralized push drive does notReduce the supply pressure caused by the decline in inventory.  According to SouFun new data Monitoring Center data show, October 19-October 25, Beijing real Estate Pure commodity residential housing contract for 3001 sets, the week-by-quarter rose 62.22%. Beijing Real Estate Industry association, a deputy Secretary-General told the "Huaxia Times" Reporter: "the tax policy under normal circumstances will expire at the end of this year, in addition, Provident Fund preferential policies, business tax policy may be adjusted at the beginning of next year."  He said that the market expected policy inflection point is about to come back, the current transaction has rebounded, the rapid inventory digestion, whether rigid demand or resource occupants are hoping to catch up with the last bus of preferential policies. In this respect, China Resources brand director Zhu Hua told the "Huaxia Times" reporter, the current market demand is still relatively strong, so for example, such as the China Resources Oak Bay Project, Vanke's Vanke Park project was snapped, which also shows that the current price although the level of relatively high, but if the price is appropriate, or easily absorbed by the market.  Not only China resources, Vanke, COSCO and other big-name developers also believe that the current market supply and demand can not match, but the developers said it will be priced according to market conditions.  The Housing construction construction policy reserve stock decline and the most direct result of soaring turnover is to pull the average price of the transaction to rise sharply.  The United States Union property market statistics show that in late October, Beijing opened a new market price has reached 22876 yuan/square meters, compared to August this year, 16200 yuan/square meters of the average turnover, only two months of the rise has reached 41.2%. For the current imbalance in the market supply and demand, housing prices remain high, as the real estate market in charge of the Beijing municipal construction construction team seems to be confident. For the media hype before the "Beijing property market to make a shortage of stock broke the warning line of the city construction," said housing construction and transaction management Office of a person in charge to the "Huaxia Times" reporter said: "The Housing construction agency has not set up the so-called stock cordon, the current situation according to the control of the construction, the current market stock changes or within a reasonable range." The official also revealed that the relevant departments of the construction of the construction agency recently for the current market situation with developers and industry experts have a number of communication, on the one hand, to study the cancellation or continuation of the previous tax and other preferential policies to prepare data and market basis, on the other hand also in the brewing of other policy measures, in the housing construction  "Adjust the price. It is understood that at the end of December last year, the "State Council on the promotion of the healthy development of the real estate market," a number of views clearly stipulated that the loan down payment and interest rate concessions, transaction links tax relief and other policies tentatively implemented until December 31, 2009.  Current local government's real estate market competent Department's work focal point, also will be to determine next step policy direction, and studies to formulate the corresponding policy. The collapse of the stock market, bring the problem of mismatch between supply and demand, will undoubtedly bring great pressure on house price adjustment, the current housing prices remain high, the key to determine the trend of the property marketDepends on the direction of future policy.
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