Developers advance down payment to the lake

Jing Procter and Gamble, Zhang Xiaoling Li Yang (alias) in order to buy a house recently around to borrow money, this is her fourth house.　　But developers promise that if they buy a house, they now need to pay 20% down payment, and the remaining down payment will be paid before the project is capped next May. Li Yang is a poly real estate development in Beijing Poly Jasmine Mansion, located in the vicinity of the South five ring.　　As of July 28, the Beijing trading management online information shows that the project has contracted to reach 651 sets of units, the average price of 16702 yuan/square meters. This reporter to Jasmine Mansion sales staff to verify that the sales staff denied the matter, and said that Poly as a national well-known developers will not do so.　　According to people familiar with the matter, Paulie will only do so for people who have a real intention to buy a house. In response to regulatory policy, "advance down payment" has quietly arisen in various places, and become a number of advertising language projects.　　In this respect, Guyunchang, vice president of China Real estate research, said that this is the developer disguised as a way to promote sales, usually have a certain amount of financial strength developers will do so, but for developers there is a certain risk.　　A senior industry colleague believes that, strictly speaking, the developer advances the down payment behavior has violated, and defraud loan behavior has the similarity, this also causes the new deal the implementation strength to be greatly reduced.　　A disguised promotion?　　Huagoles International Real Estate (Beijing) Co., Ltd. deputy general manager Parakia recalls that the practice of advanced down payment actually as early as 1998 years ago. At that time, the housing market in Beijing, Shanghai, and so on, even began to rise "0 first pay", but at that time was provided by the bank "0 first pay" mortgage, rather than developers to substitute pads. A paper ban by the central bank in 2001 left the "0-year-pay" out of the market.　　Thereafter, once the real estate sales are not smooth, there are developers to introduce the first payment of the so-called "0" activities to attract buyers eyeball, promote sales. Developers advance the first paragraph of the practice, four or five years ago also in Guangzhou fashion.　　The first instalment is almost all distributed in the suburbs, because of these suburban plate sales pressure increased, developers to pull sales, have to use more tricks, in order to avoid direct price reduction, to attract buyers with payment concessions. Recently held the 27th session of the Shanghai Real Estate Exhibition Fair, developers discount incentives to increase. There are developers to take home appliances, send decoration, car parking, send cash and other initiatives, price marked 80 percent, 90 percent, and developers to advance 70% payment.　　Exhibitors Songjiang Xinqiao Town A real estate said, if it is the first suite down as long as one can, if the second suite as long as a down payment of 30% can, developers can advance 20% for consumers, to two years after the housing buyers to deliver the remaining purchase money. This way also in Hunan, Jiangsu, Shandong, Guangdong and many other places prevail. According to the above industry senior personage discloses, developers usually have a few practices: or in the developer and buyers between the establishment of intermediary trading relationship, a separate agreement signed; or developers set up another decoration company, and buyers signed an agreement, commissioned developers decorate, but the decoration money first not to pay developers, developers again in the name of customers will payTo the bank so that the money does not go directly to the customer's account. Parakia told reporters, there are also developers to set up a financial company to do the guarantee, if the later prices fall larger, there is a risk, if there is a default situation, the bank has the first recourse.　　But if house prices fall little, they increase sales, and eventually money goes to developers ' pockets. There are some advance down payment of promotional activities for investment-oriented customers, now to the ultra-low threshold to attract investors to sell, this part of the customer to earn is real estate appreciation space.　　Within 1 years, if the customer can transfer the house, it is tantamount to spending a small amount of money to earn the value of the real estate price difference. The gray area outside the law as early as June 26, 2001, the central bank issued a notice to prohibit the issue of "0 first period" personal housing loans. April 17 This year, State Council 10th clearly stipulates that for loans to buy a second housing households, the first payment of loans must not be less than 50%.　　July 26, Shanghai Banking Regulatory Bureau held the Shanghai Bank of China banking financial institutions in charge of the meeting, clearly asked the banks to seriously implement the housing mortgage loan requirements, the lines must be "marching", prohibit "playing the edge". Some developers for buyers to advance one or two into a down payment, a developer said, it is difficult to identify the violation. If the developer and buyer agreed to a good down payment, such as down payment of 30%, once the bank can not grant 70% loans, the remaining first payment how to give? Buyers and sellers make a pact. or check-out, or the buyer will pay the developer in installments.　　These engagements are not a violation of the contract. May 2008, the Guangzhou Real estate intermediary service management had to check the city property, ordered to stop three to engage in "instalment down Payment" property.　　No such irregularities have been detected in the current inspections. Guangzhou Real Estate intermediary service management Director Schoiming said that some developers in order to attract buyers, take for the buyer to advance a, 20% down payment promotional means. "This method of installment down payment is mainly to attract buyers to enter the market and ease the sales pressure to adopt the strategy, it lowered the down payment criteria, so that low-income people also entered the property market."　　Schoiming said that this approach will increase the risk of banks, because of which 70% of loans from banks, low-income borrowers are not strong repayment capacity, there is a risk of "broken supply" phenomenon, spread may trigger similar to the US subprime crisis, should be curbed.　　Parakia introduced, according to Huagoles investigation, at present, the main purchase of the housing market is to take into account the home and investment of the improvement of property buyers, pure investment model customers very little, credit control is mainly restricted speculative investment groups, if developers to these two categories of people advance down payment, it violates the original intention of regulating the effect of the new Deal discount. A developer, who declined to be named, told the reporter that the government wants to achieve a rise in prices, but that goal cannot be achieved at the same time unless the property investment attribute is completely removed and, at the price of a decline in market size, no one will buy a property if prices are expected to fall; Some investors are trying to get in.