Cancel the sale of commercial housing and the Ministry of Housing and Construction response to the Non-existent

Source: Internet
Author: User
Keywords Real estate commercial housing Nanning city
Tags accounting change developers development economic economic development enterprises financial
Under the real estate Regulation New deal, each place has promulgated the policy to follow up successively.  January 23, Guangxi Housing Construction Office party secretary Jidong in his work report, will choose Nanning as a pilot city to cancel the pre-sale system of commercial housing. A stone stirred thousands of layers of waves, over the years has been criticized for the pre-sale system of commercial housing began to receive attention. As is customary, policies tend to take the form of a pilot at a time of change.  So, "Nanning pilot" is not the housing and Urban and rural Ministry of construction after last December building system Annual meeting, in the real estate sector ready to launch another big big? January 27, the "Huaxia Times" reporter called the Office of the Ministry of Housing and Construction department and the Secretary to reform and development to verify that the answer is "not clear." But the real estate market Supervision department responsible person in the telephone but quite directly told the Reporter: "Cancel the pre-sale system of commercial housing is nonsense, there is no such thing."  "With the ministry's denial echoed, January 27 Nanning Mayor Huangfangfang on the issue, said publicly:" Guangxi residential building Hall just hope to Nanning as a pilot, and Nanning completely abolish the pre-sale system for commercial housing is premature.  Where is the resistance to canceling the pre-sale system of commercial housing? Local reliance on real estate may be the biggest obstacle to removing the system. "If the pre-sale is canceled prematurely, it may hit the investment heat of real estate developers," he said.  "By Nanning Mayor Huangfangfang this stance can glimpse. According to statistics, 2009 the national land Sales 1.5 trillion, accounting for the whole year gdp4.4%, accounting for about 6.8 trillion of the national revenue of 22%. Take Beijing, Shanghai and Hangzhou three cities as an example, Beijing local financial revenue completed 202.68 billion yuan, and the land transfer gold for 92.8 billion yuan, accounting for 45.8%; Shanghai local revenue is 254.03 billion yuan, and land transfer gold is 104.3 billion, accounting for 41%.  Hangzhou and Shanghai become the land transfer gold more than two cities, Hangzhou to 120 billion yuan ranked first. "It can be seen how much the local government relies on land finance." The cancellation of the presale system means that some real estate investment will exit, which means a decrease in revenue.    "Zhou Haishan, director of the Olympic marketing Department of China Sports, said.  The Government is unwilling and the developers are more unwilling.  According to the latest data, 2009, the National Real estate enterprises in the development of funds, buyers advance deposit and advance payment of up to 1.5914 trillion yuan, an increase of 63%, accounting for 26% of the developer funds. In January-November, real estate development Enterprises source of funds 4.817 trillion yuan this year, an increase of 44.2%. Among them, domestic loans 899.4 billion yuan, growth 40.2%, the use of foreign capital 41.3 billion yuan, down 31.4%, enterprises self-financing 1.5909 trillion yuan, increase 18.3%, other funds 2.2854 trillion yuan, increase 76.6%.  In other funds, the deposit and advance payment of 1.3347 trillion yuan, increase 66.5%, personal mortgage loans 700.9 billion yuan, growth of 130.1%. It can be found that the deposit and the advance payment is almost self-financing with the enterpriseGold is equal. "In other words, developers have built up the minimum capital for real estate development through self-financing and advance funds."  "An unnamed real estate development Enterprise General manager told the newspaper reporter. On May 27 last year, the State Council adjusted the capital ratio for fixed asset investment projects to boost the property market, with the minimum capital ratio for ordinary commodity housing projects reduced from 35% to 20%. The general manager said: "This means that some small and medium-sized enterprises have only about 10% of the capital ratio, 10% other than through the pre-sale to obtain funds, other mainly rely on banks."  "And in the housing market policy tightening, the abolition of commercial housing system means that many developers or bankruptcy or exit real estate development." From this perspective, the Ministry of Housing construction for the "Nanning pilot" statement is cautious, whether means the cancellation of the pre-sale system is a wishful thinking?  Perhaps not, the drawbacks of the pre-sale system has been to the point of not to change. Beijing University Real Estate Institute director Chan Kwok-keung January 28 reporters said: "Housing reform to today has more than 10 years, the pre-sale system should be mentioned on the agenda." 1995, China enacted the "Urban real estate Management law." It is undeniable that the pre-sale system for the development of real estate industry and the promotion of economic development is not.  Wang Lin, deputy director of the Center for Policy Research at the Department of Housing Construction, said: The pre-sale system does provide the conditions for real estate financing and capital turnover, and promotes the development of the real estate market. But the problems of the pre-sale system to let the real estate industry cohabitation.  Many real estate enterprises can not strictly enforce the relevant laws and administrative regulations, in land expropriation, demolition, planning and design, sales propaganda, property management has a lot of drawbacks, developers use system loopholes, the risk transfer to buyers and banks. Yixianrong, director of the Financial development Room of the Institute of Finance of the Chinese Academy of Social Sciences, said in an interview with reporters: "The most fundamentally, the pre-sale system is a unilateral risk-sharing system, just let consumers and banks to bear, with congenital serious defects." "Almost anyone can do real estate development, so extensive model of real estate development has played a negative role in economic development."  "The National Real estate Managers union secretary General Yang said.  Careful observation found that the "Nanning pilot" issued by the background in addition to overheating real estate prices, but also an important factor: the macro-economy in the financial crisis has not fully recovered, the rapid development of real estate has become a hidden concern of economic development. This link to the housing construction department last year Milling 200 mayor of real estate, the abolition of the pre-sale system does not appear to be non-existent. Guangxi Residential Construction office related officials also said that the abolition of commercial housing system can be seen as a direction, there will be a transition, such as the promotion of real estate sales pilot. But specific policy measures are still in the making. "In general, the abolition of the pre-sale system should be our national real estate industry development of a general direction, this is the continuous development of the market economy decided."  Huangfangfang previously said publicly. However, from the bottom of the pass out of theInformation has clearly shown that the abolition of commercial housing system or will be phased in batches of the start, which may have resistance and difficulties, but eventually become the inevitable trend of real estate development. "Some areas are fully qualified. Mr Chan said.
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