Demand is the key to the new round of real estate control

Shenzhen-Shanghai restrictions on the purchase of real estate transactions in the short term will fall, however, it is still a stopgap measure "Caixin net" (reporter Li Shen) "11" before and after, it is the real estate market "Golden nine" to the "Silver Ten" transition sensitive period, Beijing, Shenzhen, Shanghai Three focus cities have introduced a new round of real estate regulation,　　The content includes restricting the number of home purchase and increasing the down payment ratio of first-time real estate, which becomes the focus of regulation. October 7, Shanghai approved the Housing Security Bureau and other five departments, "on further strengthening of the city's real estate market regulation to accelerate the promotion of housing security work of several views", stipulates that temporary residents of the city and other provinces (including spouses and minor children) can only buy a new set of commercial housing in this city (containing second-hand stock housing)　　, which is similar to Beijing's previous rules restricting foreign purchases-"the need to show one year's Social security certificate and a family to buy a new house". Liu Yuan, senior manager of Zhongyuan Group Research Center, said that Shanghai's new policy of restricting purchases would directly combat investment and speculative demand. However, according to the effect of such rules promulgated in Beijing, second-hand housing market, the proportion of the total purchase of a large increase; and the new house market, rigid demand has become the main reason for the rise in trading volume since August.　　Therefore, in the short term, the policy will lower the volume of Shanghai market, but will not affect market prices. Compared with Beijing, Shanghai's restrictions on the purchase policy, Shenzhen's restrictions on the purchase policy slightly more stringent, that is, a family owned inventory of the number of households also made provisions, restricted objects include two sets in the city and more than two families, and has more than one (and 1 sets)　　Non-city resident families of housing and non-city residents who cannot provide 1-year tax-paid certificate in this city. In addition, the Shanghai rules of another bright spot is to improve the pre-sale threshold of commercial housing, the requirement that the developer must pay all the land transfer gold, four card complete after the pre-sale, the Galactic Securities release report that this will be to a certain extent to reduce the improper use of pre-sale, pre-sale, the negative impact of premature sale, to protect the rights of property owners,　　Also to promote developers to speed up the role.　　Huatai Joint Securities analyst Fish Jinhuagong that, as the Shanghai rules will advance the pre-sale standards to "complete to the main structure and through acceptance" can be pre-sale, therefore, the supply speed of Shanghai new house would also be slowed down, the Shanghai property market to supply and demand at the same time the probability of contraction in the direction of development. But in fact, Beijing's current pre-sale policy has been more stringent than Shanghai's new rules. Jinrongjie Marketing vice President Suhua said to the new finance reporter, Beijing all new developments must be in line with the payment of land transfer gold, complete with four certificates and other conditions, and request to get the pre-sale certificate within three working days must open, and the construction of the construction site on the announcement of the price of each suite, not halfway to modify prices, that is, "one room price.　　Suhua said Beijing's pre-sale policy was strictly enforced. As for the highest market demand for real estate tax, the Beijing, Shanghai and Shenzhen have not come out, only mentioned to "actively do a real estate tax reform pilotPreparatory work ".　　For the "11" before and after the introduction of real estate regulation, developers said that early preparation, including the introduction of real estate tax, developers said that these policies will not affect the enterprise's capital chain. "The demand is not able to fight, how to limit the purchase of the symptoms are not the root causes, the government should be in the land supply and security housing efforts."　　"Greentown Group deputy general manager Jiu Jianping September 25 had to finance new reporter as analysis." Moreover, it is unclear whether the new regulatory policy can be effectively implemented. September 30, Beijing issued regulatory rules, the provision of first-time home purchase down from 20% to 30%, the same day, Beijing has more than 5 new plate into the market, Caixin reporter on-site visit to learn, because the bank and Provident Fund departments have not been informed, therefore, purchase still use 20% down payment policy. In addition, Beijing, some developers in the new deal out of the podium around 3rd, has been prescient urging buyers to pay the first payment and deal with the loan business.