Pan Shiyi: Property market regulation effect will be immediate

Pan Shiyi, the chairman of Soho China (00410.HK), said in an interview with China Securities News 18th that the State Council's recent housing market regulation and control policy has been unusually intensive and severe in recent years.　　The response of real estate market to policy is lagging behind that of stock market, but the effect of regulation will soon appear. Pan Shiyi as a new round of housing market regulation as a Siberian cold, short-term market inflection point has been "far off." "The volume of commodity housing will decline rapidly," he said. And how the price changes, the next one months can be seen. Pan said that more families are now buying more than three homes, reflecting the widening gap between rich and poor in China. At the same time, the rise in house prices has widened the gap between the wealth of families and households with no homes.　　Stopping a third housing loan in a high house price area could inhibit a significant portion of the demand, which is good for curbing excessive residential property prices. Pan Shiyi Frankly, from the rent rate of return and capital cost angle analysis, the current first-tier City real estate market bubble already quite serious. The gap between the rate of return on rents and the rates of bank mortgage loans continues to widen.　　In the first quarter of this year, Shanghai residential returns of 2.3%, Beijing for 2.9%, and bank mortgage lending rate of 6.5% (two suites rate), the difference is about 4%. For the land supply, pan Shiyi that Beijing and other land to recruit new rules, the new king will not appear again. Efforts are under way to develop a plan for the next few years that will ease market tensions caused by inadequate land supply. (Lin Yu)