Containment of high-priced Rooms

Beijing priced more than 30,000 yuan in real estate land value-added tax prepaid ratio will be more than twice times the original plan, priced 50,000 yuan for more than 3 times times, the price of 80,000 yuan more than 6 times times.　　This reporter Jahai Beijing reported already withered developer wallet, and in November, also took out a lot of money.　　This reporter learned that the Beijing Municipal Taxation Bureau is carrying out land value-added tax prepaid and liquidation work, Beijing's high-priced real estate, affected by its impact, Beijing priced more than 30,000 of the real estate land value-added tax prepaid ratio will be more than twice times the original plan, priced 50,000 yuan for more than 3 times times, the price of 80,000 yuan more than 6 times times. "At present, the company is communicating with the taxation bureau. "A beijing-based developer, who declined to be named, told reporters that some of Beijing's most famous mansion properties were" fixed "by the tax bureau.　　Beijing Northeast Four ring on the edge of a price of 80,000 yuan/square meters above the real estate, this year prepaid land value-added tax for the same period last year more than 6 times times, developers in the absence of the sale of the house, the need to pay hundreds of millions of yuan to the taxation Bureau. Profiteering Levy high taxes Beijing Local Taxation Administration Bureau a person introduced, every November is the time of advance payment and liquidation of the land value-added tax.　　This year under the influence of real estate control policy, Beijing strictly to the real estate project land value-added tax prepaid and levy. Shanghai has raised the Shengzheng rate of land value-added tax from 1% to 2% to 5%.　　The price is not higher than the same period last year's 2%, higher than the same period last year but not more than 1 time times the 3.5%, over the same period last year, 1 time times the Shengzheng rate of 5%. The Beijing Taxation Bureau said the new land value-added tax Shengzheng ratio is the state administration of taxation to adjust.　　According to the documents issued by the State administration of taxation in August this year, the Shengzheng rate of land value-added tax for real estate projects in Beijing is at least 2%. Shanghai has adjusted the Shengzheng rate according to local conditions, and Beijing has not yet made clear the document to raise the Shengzheng rate.　　However, according to the reporter's actual investigation found that the above 2% is the lowest Shengzheng rate, the Shengzheng rate of each item is determined according to its price.　　In fact, in the heart of Beijing municipal Government Tax department, the same is based on the price change as a reference.　　Take the first Jubilee project as an example, its land value-added tax prepaid if in accordance with 2% calculation, this June opened the price of 60,000 yuan/square meters, and the most expensive huxing prices sold to 100,000 yuan/square meters, the project construction area of 186,000 square meters, the project needs to be prepaid land value-added tax for 220 million yuan.　　Reporter learned that, because this year in Beijing four-ring high-end project prices generally increase a lot, so the local tax department will be based on the current sale price of the new Land VAT prepaid program. Located in Beijing's northeast four ring of a real estate project, opened in 2010 when the price of 35,000 yuan/square meters, to the end of August this year, pricing soared, until October 2010, the price of the property has exceeded 80,000 yuan/square meters, and the so-called sprint 120,000 yuan/square meters of Beijing high price plateRecording.　　It is noteworthy that Beijing within the four-ring price of 30,000 yuan/square meters above the real estate, most of the project began in 2008, the land cost is not high, and the project in 2008 sold 10,000-20,000 yuan/square meters, 2010-year price soared to 40,000-50,000 yuan/square meters. Developers in the cost is already back in the circumstances, the good lot of real estate sold sky-high, get huge profits.　　According to a reporter in charge of the tax department statistics, October 2010 in the sale of high prices, the average price of the same period in 2009 Rose 70%, the profit rose 100%. However, it is such a real estate, immediately became the focus of the tax bureau focused on the target.　　It is reported that this year, the project needs to advance the land value-added tax on more than 432 million yuan, and the project previously mentioned the land value-added tax only 70,000-80 million yuan.　　Although Beijing has not announced the new land value-added tax levy policy like Shanghai, it has implemented a land value-added tax tax policy that is no easier than Shanghai. As Beijing this year implemented a "one-room price" policy, all high-grade real estate pricing in the acquisition of pre-sale certificate, has been fixed.　　At the same time, Beijing in May this year issued the "Beijing 12" policy, the opening period of the provisions. Liu Tianyong, general manager of Beijing China tax law firm, said that the land value-added tax policy has been implemented in an unsatisfactory effect because it has a lot to avoid.　　The developer will, by setting up a project company, pay less land value added tax in advance and evade the land VAT liquidation by writing off or letting the project company go bankrupt in liquidation.　　And this year, Beijing land value-added tax prepaid not only improve the Shengzheng rate, but also set the developer to obtain pre-sale certificate area is sales area, and the progress of obtaining the pre-sale certificate must conform to the "Beijing 12" provisions. This year's liquidation phase of the project is faced with stricter policy enforcement: the real estate financing costs can not be issued by financial institutions, its financing costs in accordance with the total cost of the project should be deducted within 5%.　　This makes many unlisted developers who rely on private financing channels uncomfortable, even if listed companies, the interest rate for short-term loans from banks is also higher than 5%.　　In addition, this year, affected by the government's strict policy of idle land disposal, many more than 2 years of land in Beijing are subject to fines, which are not included in the costs.　　Yang Hongxu, General Research Minister of Shanghai Institute of Real Estate, said that if the land VAT liquidation is carried out thoroughly, the land value-added tax can account for about 30% of the profits of real estate enterprises. And China Merchants Real estate, Poly Real Estate and Vanke's October sales results have proved this point. Vanke October Average price of 11,900 yuan/square meters, its September average price of 12,500 yuan/square meters. and October Vanke access to land costs only 1741 yuan/square meters, even if combined with construction costs, gross profit per square meter is still 70,000-8000 yuan/square meters, gross margin for100%.　　According to the land value-added tax liquidation policy, the land value-added tax Shengzheng rate is 0.5%-2%, the highest Shengzheng rate can be 5%, the final liquidation according to the project profit deduction cost calculation, the maximum can be 60% of the project profit. According to the final comprehensive liquidation rate of 10%, Vanke 2010 Sales If the breakthrough of 100 billion yuan, then its actual gross profit can reach 30 billion yuan, the land value-added tax summary of more than 3 billion yuan. Even after this calculation, it can be seen that the payment of land value-added tax than real estate enterprises, is still bucket.　　Moreover, most real estate listed companies will make their financial statements to achieve low profit, high cost. Containment of high house prices reporter learned that this year more stringent land value-added tax prepaid and liquidation policy, on the one hand, in order to implement the State administration of taxation on land value-added tax liquidation of the new policy, on the other hand, in order to implement the September 29 multi-departmental joint issued "Country Five" in the "　　Prices are significantly higher than the surrounding property prices for the key value-added tax liquidation "policy.　　Liu Tianyong said that the tax department does not have enough manpower and resources to do a comprehensive land value-added tax strictly liquidation, but there is enough manpower and resources to do key projects of land value-added tax liquidation.　　Reporter learned that the Beijing tax authorities on the one hand with the focus on high housing prices for land value-added tax payment and liquidation of the guidance, on the other hand, on the basis of the price of the focus of the liquidation object. In fact, this does not only have Beijing, Tianjin, Shanghai and Hainan and other regions have already begun to land value-added tax strictly Shengzheng.　　Tianjin will increase the rate of Shengzheng to 2%, Hainan this year's land value-added tax settlement payment is expected to be 1 time times 2009.　　For Beijing, the land value-added tax as a means of regulating the current housing prices.　　BEIJING, a developer of the head of the reporter said, red seal Taiwan, Greentown Cheng Yuan, Pangu Grand Grand, Jubilee, such as Beijing four-ring high price real estate projects, although affected by the regulatory policy, but its August after the sales situation has been relatively good.　　Even if the price of 50,000-60,000 yuan/square meters, these high-priced real estate projects can still sell a few sets per day, each set of prices close to tens of millions of dollars.　　Therefore, this year's land value-added tax prepaid and liquidation of the new policy, will aim at these high-priced properties, the expectation of "exemplary role." The head of the Beijing developer said since the October, Beijing's high-priced real estate has almost been the pressure from various departments of the Beijing Municipal government: The housing construction project to delay or refuse to price in 30,000 yuan/square meters above the real estate issued pre-sale certificate;　　Urge them to finish the project on schedule; The CBRC often comes to the project investigation to survey the financial situation of the purchaser of the program. From the recent Beijing suspended the release of High-priced real estate rankings began, a dedicated to high prices for real estate "containment" strategy has been launched. In order to control the high-priced real estate developers of the capital chain, Beijing has also issued a pre-sale funds supervision measures, strict requirements of the developers in the construction of the project must be set aside for supervision, and the Bank and other regulatory departments also require developers to loan no more than 50% of its construction work, further tightening the fund chain of developers.　　In addition to Beijing to take a "containment" strategy for high-priced real estate, cities such as Shanghai, Guangzhou and Nanjing have also begun to control the local high-priced real estate. Nanjing has begun to high prices for the pre-sale of the record price control, more than a certain price, will not be issued a pre-sale certificate.　　Guangzhou, however, directly launched the "interview" system for high-priced housing developers.　　Beijing, said a developer in charge of the Beijing land value-added tax liquidation strategy is strict and low-key, the reason is also to take a developer to quit the strategy, let the developers do not give the real estate prices too high. It is noteworthy that the Government has adopted a new round of control measures against high-priced housing, with obvious color of local government administrative interference.　　Most local governments have adopted "dialogue" and "negotiation" with high-priced housing, and will take land value-added tax liquidation or other means of control if high-priced housing "does not face". An expert close to the Housing Ministry said the practice would have some negative effects, and mandatory press prices could lead to a new rebound in prices.　　At the same time, most of the developers to the government's control of high-priced housing, the delay and prevarication attitude, neither opposed, nor agreed.　　According to the real Estate China Network November 5 statistics, by the pre-sale funds supervision and government control policy, Beijing high-priced Room began to appear check-out tide: Chang ' an 8th project returned 10 Suites, Greentown Cheng Yuan returned 8 sets, Pangu Grand View Retreat 7 suites.　　Zhongyuan Real Estate North China company general manager Li Wenjie said, high-priced room check out the tide of restrictions on the purchase, pre-sale funds supervision and many other policies have played an effect, so that a part of the home buyers change the expectations.　　High-priced housing is the main focus of adjusting prices around the house, and "containment" high-priced housing strategy can be effective, but also to see the policy effectiveness of local governments and developers game results.　　The Real Estate Industry Association of Beijing, Deputy Secretary-General Chenzhi previously accepted this reporter said, high prices may bring a lead to the regional housing prices, but its fundamental support is still a lot of land resources scarcity and the role of supply and demand relationship. In a series of measures such as restriction of purchase policy, Beijing's rigid demand for home purchase and most of the improvement of demand for home purchase have been affected.　　However, the investment of investment-oriented housing, still under the pressure of inflation, the real estate investment show a strong interest.　　It is the interest of investment funds, the high price of real estate began to become hot. Chenzhi analysis said that the price of real estate because of the total price of more than 10 million yuan, with large-scale absorption of funds and money laundering and a series of roles.　　As a result, large-scale investment funds and the super-rich have invested in the value of these high-priced properties. Under the influence of regulation policy such as restriction of purchase, the demand for the Middle house purchase is seriously suppressed, but the high-end demand with speculation and investment mainly becomes moreStrong。　　However, if only because the developers of the real estate pricing too high, to take a series of administrative means to intervene, is not in line with the long-term policy orientation of property regulation.　　Qin Hong, deputy director of the Center for Policy Research at the Department of Housing and Construction, said that the regulatory measures, such as restriction of purchase and administrative color, were temporary policies and must study the long-term regulatory policy as the basis for the stability of the property market.　　In the case of high-priced housing, the government has more direct and tangible hand intervention matters. BEIJING, a developer in charge of the above admitted that the government for high-priced housing attitude is simply "a change for a while." In the real estate market is bad, the government wants to have some more high-priced housing, to stimulate regional housing prices and land prices.　　Once the real estate regulation, the local government will be high-priced housing as the best place to adjust prices.　　Chenzhi analysis said, because this round real estate regulation directly will drop the house price task as the achievement appraisal to include the local government appraisal, in addition 2011-2012 local government will usher in the new general election, the local government stabilizes the house price and guarantees the livelihood work to put in the first place.　　If the previous real estate control is the central government and the local government and developers of the consortium game, this round of real estate regulation is the local government and developers of the direct game.　　The strategy of interfering with the high-priced housing by administrative means also reflects that local governments do not want to have "high-priced rooms" within their jurisdiction, but they do not necessarily want to stabilize housing prices in general and even propose strategies to curb the long-term rise in house prices.　　And this, Beijing has been mandated to try.　　At the beginning of November, two plots of land in Fangshan district of Beijing City took the practice of restricting land price, competing for the construction of policy housing area, in order to break the contradiction of the rising of the land price and restrain the price.　　However, the two plots of land did not appear to have a good bid, and there is a phenomenon of streaming film.　　The reporter learned that, mainly because the day of the transfer of the plot location is not good, the government did not clearly set the policy room to hold, operation and other policies, coupled with the regulatory impact of the majority of developers capital chain tension, the fourth quarter of enthusiasm is not high, leading to the plot of the flow.　　Chenzhi said that such policy exploration must be introduced in the context of the relevant legal provisions, if the Government is to encourage such innovation, it should come up with good resources. If the stability of housing prices into long-term performance assessment, the local government will have to face such contradictions.　　If the land finance gradually standardized management, the local government should be more actively explore the regional land to recruit the new rules of the policy. Experts close to the Housing Ministry say the local government and central government should work together to explore a long-term, effective strategy to stabilize house prices, rather than a way of containment of high-priced housing, to get a temporary rise in house prices.