Land ministry experts say price expectations affect land price

Liu Zhanhu In recent years, the property market boom period, land prices and price rise, it is difficult to distinguish between who first.　　However, since the end of 2007 into the downward channel, the land market is subject to the trend of house prices more and more obvious. Regarding the trend of land price relationship in recent years, Chao Song, director of land Surveying and Planning Institute of China, believes that, from the monitoring data, the proportion of land price in recent years has been relatively stable; the change of land value is basically lower than the change of house price, and the change of residential land prices is influenced by people　　It is based on this expected impact, at the end of 2007, some places in the early 2008 have appeared in the real estate market "flour expensive bread" case phenomenon, and the second half of 2008, there has been a land flow, the market turned cold situation.　　And early this year, the emergence of the property market, coupled with easy credit policy, real estate enterprises to take the enthusiasm of the land suddenly burst, everywhere the king began to emerge. In May this year, the capital of the city of Beijing Kwong Qu 10th floor land price has been as high as 15,000 yuan/square meters, while the surrounding sale of real estate prices but 20,000 yuan, in accordance with the point of land prices than the calculation has been up to 75%.　　The 15,000-yuan floor premium is 240% higher than the pre-set reserve price of the Beijing Land Department. 10th of the sky-high price, the surrounding real estate began to sit up prices, seems to be verifying the "land price push high prices" conclusion.　　But this is such a high price of twice times more than the price of the land, developers are still in contention, even the industry also outspoken "crazy". At a time when the land market premium began to reappear, local governments were happy to see the land market recover, and the development enterprise, which had initially eased the capital chain, had been selling for more than 2007 years in the first five months of this year, and had begun to hoard land and lay a foundation for future expansion.