Real Estate regulation: At present in the affordable range

Niemesen, President of the Chamber of Commerce of Real estate, China: Real estate regulation is necessary in the proportion of GDP, it affects the volume of large, highly correlated with monetary finance. I have a few figures here, it accounts for the 20-25% of urban fixed assets investment, this year about 500 billion of real estate investment, accounting for 30%-40% of credit, about 160 billion development loans and loans per month.　　The contribution rate to tax is 35%. In this case, the September CPI is 3.6%, and real estate has never been with inflation. If there is an inflationary expectation, and the interest rate on renminbi deposits is still negative, no one is willing to deposit the money in the bank. Then, after the exchange rate hike, hot money will pour in, and then raise interest rates, hot money influx, so it has pushed the rise in real estate prices. In this case, it is easy to form a great impact on the overall layout of the economy in the present case.　　So I think in today's situation, the regulation of real estate is imperative, is to give this batch of wild horses to set up a faucet, to make room for the entire economic layout. Regulatory results can withstand this April, the country issued the most stringent regulation ever, some people worry about whether there will be 08 years of warm water boiled frog, the real estate pressure to death.　　I think it's impossible. Our real estate investment in 2009, 3.6 trillion, in the first three quarters of this year, was 3.3 trillion, and the first three quarters of this year were close to last year's real estate investment.　　Real estate investment in the last quarter under such a strong regulation, a substantial decline, I think will be 4 trillion, this will not affect our GDP too much.　　From the volume said, sold 900 million square meters last year, the end of the three quarter to sell more than 600 million square meters, so sales volume will not be too bad, is expected to sell to 700 million square meters this year. In addition, sales have reached 3.2 trillion this year, indicating that average house prices are on the rise.　　The average house price per square metre last year is 4695 Yuan, and this year the first three quarter is 5047 yuan.　　There is also a number of developers of sufficient funds, many listed companies have exceeded the previous year's target, all completed the annual sales, 4 quarters of a house also sold, also completed. All of the above data indicate that the real estate industry can withstand the adjustment of exerting force. This situation is not the same as 08, 08 is a particularly high asset-liability ratio, the last capital chain break, and then provoked the bank.　　I mean I can't get the bank right now, so I can afford it for a long time. Change the land recruit and take the system real estate how to do? In fact, China's real estate accounted for the entire GDP of about 10%, many developed countries in the data are 10-15% around. But why so many grievances?　　I think the structure of investment is very unreasonable. Because the investment went out about 4 trillion a year, half of it was bought. For example, the U.S. real estate in the proportion of land prices accounted for only about 10%, itsHis 90% is reflected in the quality of the housing, products, so a large number of real economic goods, materials and will be driven by emerging industries can be invested in real estate funds to buy.　　and 4 trillion of our investment is in half to fry the land. So if China's real economy is to be transformed, it should use property and let it pay its money to the real economy. Therefore, during the 35 period, the land system, the system of strokes and the transfer of land to the system of operation, if not operated, then the issue of land prices can not be solved.　　The proportion of annual GDP will enrich, can pull the real economy, enrich to energy saving, low consumption, new energy and so on, improve everyone's quality of life.　　Bashusong asked: Today we open this forum in Chongqing, Chongqing's territory can be said to be three months a change, this also shows that the rapid development of domestic urbanization, which also brought real estate problems. Just now I saw a property developer, he said that the regulation, that our real estate industry should enter a sedimentation period, should think about what the real estate industry can do to society, in the end, what the problem, can not be like the original so impetuous horse rodeo money, that era is nearing the end, or make the government dissatisfied,　　The people are not satisfied, the developers themselves wronged. Our real estate come to today, should precipitate what thing, should discard what thing?　　What is the trend of the next round of real estate industry development? Niemesen