Four city land price commercial housing upside down Industry analysis land market bubble appears

Following last year's two quarter, Beijing land market First price business and housing upside down phenomenon, four quarter, Ningbo, Haikou, Wenzhou also appeared similar phenomenon, at the same time, Shenzhen, Zhengzhou, Chengdu, Urumqi and other cities of residential land prices are close to commercial land price. Before that, the housing price of Beijing has appeared the phenomenon of Shang hang upside down.　　Industry insiders believe that the phenomenon of Shang hang upside down has been transmitted from the housing market to the land market, indicating that the land market bubble has now, must be tracked and attention. Last year, the national land market from the overall downturn in the first quarter, the two quarter of the initial warming, the three quarter of a small warming to four quarters of the continued rise, the final form of the annual level of land prices rose markedly.　　Among them, in the background of policy support, expectation and the release of all kinds of demand, the high performance of the real estate market in 2009 stimulated the rapid rise of residential land prices. Data show that the fourth quarter of 2009, the National residential land price increase significantly. The National 105 main monitoring City land price overall level of 2595 yuan/square meters, of which, commercial, residential respectively 4423 yuan/square meters, 3726 yuan/square meters, the chain growth rate of 3.17%, 4.64%, year-on-year growth rate of 5.57%, 7.92%.　　Among them, it is noteworthy that 2009 years of the Four Seasons, Beijing, Ningbo, Haikou, Wenzhou, the residential land price has exceeded the commercial land price. Shaoyun, Deputy chief engineer of China Land Survey and Planning Institute of the Ministry of Land, told the Securities Times yesterday that from the monitoring data over the years, the commercial land price is higher than the residential land price, and now some cities have a housing premium or close to the commercial land price phenomenon, indicating that the real estate market bubble has been transmitted to the land market. And the reason for the hanging upside down, on the one hand, is that a lot of investment demand in the residential market last year promoted the rapid rise of housing prices, which led to the rise of residential land price.　　On the other hand, in the second half of last year, developers have ample funds, a large number of land hoarding, and the risk of relatively large commercial property, developers are more inclined to the development of residential property. DTZ also reported in the four quarter of last year that Beijing's housing prices have seen a significant upside down, and generally in a healthy property market, commercial real estate projects in similar locations are priced at about 30% higher than residential projects.　　Shang hang upside down phenomenon shows that the continuous rise in housing prices is not simply a demand for rigid, but macro-control caused by a large amount of liquidity released to pull up the asset prices.　　In addition, the report also pointed out that in the focus of the monitoring of the city, some of the two or three-line urban residential land price increase is more prominent, which is related to the current social "high house prices are to two or three-line urban rapid spread" of the argument, it is worth close attention and tracking research. For the 2010-year land market, DTZ that at present, credit and tax incentives have been adjusted, land transfer payment and management policy further tightened. With the introduction of land, credit and tax policy, it will further strengthen and improve the premisesProduction market regulation, the real estate market will enter a new round of adjustment stage, commercial and residential land prices will also fluctuate.