Control effect of excess liquidity hedge the house is still busy

This reporter Tanaka Shanghai report two times regulation came, the housing enterprises began busy financing busy Rob land.　　After the October 14 transfer of a large number of land, Shanghai 20th again ushered in the land transfer small peak, a total of 12 sites, the total transfer area of more than 370,000 square meters. Statistics show that the country's 12 key cities last week, a total of 342 hectares of homestead listing, compared to the average before the new deal increased by 63%. October Land market has been a large volume of two consecutive weeks trend. In the supply of volume stimulation, land transactions appear local hot.　　Among them, the Gold and Equity fund cooperation, jointly won the first large residential land in Shanghai, premium rate of up to 328%, set the Shanghai land deal Premium rate is the second highest this year. Local governments took the opportunity to promote land to developers. Hubei Huanggang deputy Mayor Huangxiang recently in "China 2010 urban Land Promotion Shanghai Exposition" told our correspondent, Huanggang this brought the city contains five-star hotel projects of the key gold plots.　　The Land promotion conference, many cities across the country in Shanghai. The land market is booming, "the key reason is capital, excess liquidity, too much money in the market." Chai Yi, a senior developer in Shanghai, admits that excess liquidity is clearly the biggest negative factor in regulation. Fortunately, the relevant departments have already started a new round of regulation on the capital of housing enterprises in the control measures such as the restriction of purchase orders. And the hike is open, pointing to inflation.　　"Statistics show that the September Shanghai land market rapid warming, supply and turnover in August, have a significant increase." Shanghai September, a total of 67 operating sites, the total amount of land reached 3.987 million square meters, the chain of August 2.337 million square meters rose 70.6%. One listing sold 60, an area of 3.522 million square meters, inviting bids to sell 7, an area of 464,000 square meters. The deal area reached 2.333 million square meters, the ring August 1.207 million square meters, the increase of 93.3%. Among them, 37 of the transactions were sold, which were 1.48 times times the number of transactions of 25 in August.　　It is noteworthy that of the 24 residential sites, 4 of the homestead premium rate is over 100%, only 2 of the floor price transactions. A sharp rise in September was mainly related to the announcement of the annual plan for the city of Shanghai, industry analysts said.　　August, the Shanghai Municipal Planning Department informed the 2010 years of residential land supply, and said the 3 quarter of Shanghai will have nearly 5 million square meters of homestead transfer, the introduction of the plan, brought the land market volume, the most obvious performance is 80th land announcement on a one-time launch of 23 relocation housing land.　　October 14, Shanghai sold seven parcels, of which five plots for public sale, including three commercial land, two residential land, the total sales area of 387,519 square meters, are successful transfer, the total turnover of 3.1513 billion yuan.　　Similar situation in many cities across the country staged. October 15, the Chengdu Land exchange market, four casesBlock all smooth transactions, the total price of 5.34 billion yuan; October 15, Fuzhou Land and Resources Bureau issued a notice, sold the original double Fu building "quasi-king" plots, starting to pat floor land price of 28,000 yuan/square meters, if successful transfer, will create Fuzhou land floor of the new high price; October 15,　　Nanning 51 West Road 98.914 acres of land, after more than 20 rounds of fierce competition, Poly Hong Kong's wholly-owned subsidiaries to 618 million yuan high prices successfully bid.　　Investment, Poly, Jindi and other benchmarking room enterprises, recently in Xiamen, Hangzhou, Shanghai to buy land, the ground is not free your, and even signs of acceleration. Han Yu Real estate analyst points out that commercial and high-end residential land transactions active, brand developers reserve speed is accelerating. From the land of the developer's strength, the proportion of brand developers gradually improve.　　This month, Shanghai's 8 plots of the winning companies are almost all leading enterprises, including a number of state-owned companies. "From the recent land transactions around the situation, although the regulation has lasted six months, but at least so far, the housing companies still not bad money."　　"Firewood one peak long-term concern land market, he thinks, this is leading to in the regulation increasingly severe but the city instead continues to heat up an important reason."　　Last week, a number of benchmark housing companies announced September Monthly Report, of which 8 sales chain generally have significantly increased, Jindi, Greentown performance Most eye-catching, the chain greatly increased by nearly 90%. A group of housing enterprises in the land market hurricane, and its sales to create success. Vanke, in August after the sale of tens of billions, September sales to create a record high, to achieve 14.21 billion yuan. In the first nine months of this year, the cumulative sales value of 71.42 billion yuan, has exceeded 2009 year 63.4 billion Yuan.　　Investment real estate in the first three quarters to achieve business income of 9.585 billion yuan, an increase of 81.27%. Sales performance Blowout, a large number of sales back, is a strong housing business is the direct cause of money.　　And behind it, the whole market's excess liquidity is the real reason for the success of these housing companies. A number of sales leaders sigh that in the luxury market, not subject to credit policy restrictions, can pay a one-time buyer is too much. Sino-room Letter data show that the Shanghai real estate transactions in the recent rise in turnover of luxury homes, last week, the average price of commercial housing rose 10%, reached 22438 yuan/square meters.　　And in the early days of the Star River, Ren Heng Yi Court, such as large volume of concentrated transactions of the mansion data is not fully reflected, expected after a few weeks of the average price will be higher.　　To a large extent, whether in the purchasing power level, or the developer fund chain level, the excess liquidity has become the current round of regulation can be effective, the greatest test of success. A number of recent policy trends also revealed that the authorities have begun to deal with the regulation of "landmines." Just before the central bank's sudden interest rate hike, the central bank once again raised the deposit reserve ratio of 6 banks such as ICBC by 0.5%, raising the rate of 6 banks to a record high of 17.5%, while the CSRC has clearly suspended the application for a restructuring of real estate developers, To solicit opinions from the Ministry of Land and Resources on the accepted real estate reorganization application,The market has almost completely suspended refinancing plans for listed real estate companies.