Developers hit by price pressure or increase

The central bank has announced another increase in the reserve requirement ratio for deposit-type financial institutions.　　For the real estate industry, the move is "worse", especially the capital chain has been a number of "blocked" developers, or forced to break the market ahead of the wait and see, to join the price list. "Although the new deal is mainly personal home purchase loans, but in fact, the bank treatment of development loans have been cautious, very strict examination, recently many developers told me that the loan development is difficult, and some have been refused to lend." "A real estate consultant said to reporters," the increase in reserve ratio, means more difficult for banks to take money out, coupled with property transactions under the influence of policy regulation, developers equal to be attacked.　　"A listed housing company also told reporters that, in addition to the original credit line, and now even large companies are difficult to borrow money, which is now many listed housing companies anxious to refinance the reasons." "In different market contexts, the impact of monetary policy is also different." Although a few years ago to raise the reserve ratio or even raise interest rates have not been able to block the surging property market, but now unprecedented policy regulation has let the property market ' Frozen ', at this time tightening the money, the impact on the property market may not be the same.　　"DTZ's analysis reports that. Some market insiders expect that tight monetary tightening may lead some developers to abandon the sidelines and join the sales of lower prices. "For those developers who have paid their land and developed more projects in the early days, the pressure is greatest." The analyst at the Kerry Research Center said.