Partial tax preferential policy or automatic curtain call

The source said, as the real estate authorities, housing and Urban and rural Ministry of Construction may not advocate the property market preferential policy "renewal."　　At that time, the deed, business tax deduction and other series of preferential policies will expire in one year after the automatic termination. Part or curtain call at the end of 2008, in order to meet the needs of expanding domestic demand and growth, the State Council convened a standing meeting to adjust a series of related policies involving the real estate market. Specifically including the deed, business tax relief, first set and improve the mortgage rate of 70 percent discount on home purchase, and 2009 lower real estate development projects own capital funds. These policies are carried out by the State administration of taxation, the People's Bank, the CBRC and other functional departments.　　Of these, the State Council has given a deadline of one year for policies that directly stimulate housing transactions. "Under the current situation, the Ministry of Construction has no sufficient grounds to advocate for the continuation of these property preferential policies." A one-year policy will automatically exit when it expires.　　A person close to the Ministry of Construction said. It is understood that the real estate control involves the Ministry of Construction, People's Bank, land and resources department, the State Administration of taxation, a number of functional departments, policy formulation is basically in the "Inter-Ministerial Joint Meeting" on the completion. Among them, the Ministry of Construction as the lead department responsible for policy co-ordination.　　Therefore, before the real estate preferential policy expires, if the Ministry of Construction does not lead the advocate renewal, that means, one-year preferential policy will also take a bow. This year, the country's major urban commercial housing sales, "The Price is Rising", the government of the real estate market consumption "continue to stimulate" has become unnecessary.　　The Ministry of Construction and other competent departments also seems to have no reason to put forward preferential policy renewal. "Now, the direction of government regulation should focus on increasing land supply, promoting the recovery of the start rate, balancing the supply and demand of the property market, rather than stimulating the purchase of home purchases."　　"A specialist in real estate consulting told the China Securities News reporter. Affected by the market rebound, the main city of commercial housing inventory has dropped significantly.　　Take Beijing as an example, as of the end of October, Beijing can sell less than 70,000 housing units, and 2007 years of the Four seasons, compared to the peak period of the same period last year to reduce more than 40,000 sets. Tilt to the start although the policy of supporting the property market from the perspective of consumption will be moderately withdrawn, the foundation of real estate investment development is still not firm, and the policy regulation may tilt to the start.　　Premier Wen Jiabao mentioned in a symposium on the economic situation that the market trade has warmed up, but the leading indicators still failed to improve, is "worthy of concern". In the real estate sector, the so-called "leading indicators", that is, real estate development enterprises New start area.　　This index is directly related to the real estate industry increment, related to other enterprises on the industrial chain. As a prelude to investment in fixed assets and the area of resumption of work, real estate enterprises have been hot for a long time, but the operating rate appears to be "conservative."　　Some first-line developers in the three quarter of the new start area is a downward trend. "Only by investing and starting a recovery will loose credit policies be moderately tightened." Generally speaking, it takes six months to a year or so for real estate developers to start from land to work. This shows that this year a lot of land after the formation ofThe recovery in investment and start-up will gradually begin to be reflected in the first half of next year. The real estate credit policy will then be adjusted.　　"an economist analyses. Statistics show that the first three quarters of this year, the National Real estate Development Enterprise Housing construction area of 2.775 billion square meters, an increase of 15.4%, an increase of 1.9% than in January-August, housing new construction area of 732 million square meters, the year-on-year decline of 0.4%, a reduction of 5.5% than January-August. The national housing boom index entered the boom zone.