Pan Shiyi: Banks may not make direct loans to developers

Pan Shiyi: Banks or will not give developers a direct loan 2010-05-05 16:00:00 I say two printed articles sent to friends to share the happiness Sina Weibo (http://t.sina.com.cn) Everyone watercress Yahoo! MySpace, Google Buzz Lin Kedin Mixx 2010-05-05 16:00:00.0 pan Shiyi: Banks or will not give developers direct loans to bank loans Pan Shiyi Developer Real estate market finance 11024588 Finance 1@worldrep/enpproperty--> China Daily News:　　May 5, launched by the real Estate China Network "2010 Real estate New Deal observation and interpretation," The opening forum opened in Beijing Galaxy Soho, Soho China Chairman Pan Shiyi pointed out that the future of the bank will not give developers direct loans, but the loan to the construction unit, to prevent developers misappropriation of loans to push high land prices. Pan Shiyi believes that the next step for developers to have a major impact on the policy of two: the first is the Ministry of Housing and Construction has just announced the special policy for pre-sale funds. In the Ministry of Housing Construction has just issued the "on the further strengthening of the real estate market supervision and improve the pre-sale system of commercial housing" notice, put forward a series of specific measures. Among them, the availability of the sale must be open, the opening of the project deadline, pre-sale permission of the minimum size must not be less than the building, can not be divided into separate units for pre-sale licensing, 10th, one-time open all available housing prices and price of each set of home sales, pre-sale funds into the regulatory account, real estate　　Pan Shiyi said the pre-sale funds earmarked will avoid developers with pre-sale money to develop additional projects, pushing up the land market. Pan Shiyi talked about the second not-yet-announced policy of banks not lending to developers, but lending to construction units. The premise of loan to the construction unit is the first developer to sign the contract and advance 30% to the construction unit, and then the bank will give the developer loan after the two conditions are reached. This will prevent developers from using these loans to buy land and rob the king.　　He says the two policies will have a bigger impact on developers ' future.　　Under the intensive regulation, Beijing, Shanghai, Shenzhen and other fast-growing real estate market turnover declined significantly, the price is also loose, but experts at the meeting that the Government will still introduce more real estate policy. Li Wenjie, managing director of Zhongyuan Real estate north China, said the government's goal was to bring home prices back to a reasonable price, which should be the price before the rally. (China Daily reporter Hu Ch)