Real estate regulation hits the first punch and takes no less than 50%

Source: Internet
Author: User
Keywords Down payment Ministry
Tags clear control developer developers development finance market no less than
Ministry of Finance, Ministry of Land and other five ministries to strengthen land transfer and income management notice, the follow-up real estate control measures will timing timely release "Curb some of the city prices too fast rise" policy first punch, dozen developers to hoard land, fried land. December 17, the Ministry of Finance, the Ministry of Land and other five ministries issued the "Further strengthening of land transfer revenue and expenditure management notice", clear after the developer to take the land, "instalments of all land transfer price period in principle not more than one year, special projects can be agreed to pay in two years, The initial contribution rate shall not be less than 50% of the total land transfer.  If the developer defaults on the price, may not participate in the new land transfer transactions.  Hoarding, speculation has been referred to as one of the hands of high house prices, the five ministries to strengthen land transfer and income management is held on 14th, after the State Council executive meeting, launched the first specific regulatory measures.  14th, the State Council executive meeting pointed out that the comprehensive use of land, finance, tax and other means to strengthen and improve the real estate market control, to curb the rapid rise in prices in some cities. "At present, the various cities in the country to pay the land transfer price and down payment ratio does not have the same provisions, the transfer of land will be signed contracts, the agreed down-payment ratio and amortization time, most of the 20%-30%, much lower than the five ministerial notice regulations."  Shaoyun, Deputy chief engineer of China Land Survey and Planning Institute.  He thought that the nature of the notice is the country's same and generally progress the developer to take the first payment, which will form the pressure on its capital chain, to curb the partial speculation, hoarding behavior. Chen, vice dean of China Index Research Institute, is more direct. "The introduction of the document, will squeeze some of the money developers hand, and thus promote developers to speed up real estate sales, return bonuses. The result is a meeting of the State Council to raise the supply of ordinary commercial housing.  "Chen said. "This policy has limited impact on cash-rich companies and will hurt small, weak property companies."  A real estate mister privately bluntly.  But the boss is most worried about the government's follow-up action, which will create a "comprehensive blow" to the entire industry.  According to the reporter learned that the Ministry of Housing Construction, the Ministry of Land and other parts of the lead regulatory policy is brewing, the basic idea is to increase the supply of ordinary commercial housing. Among them, the Ministry of Homeland to strengthen the real estate after the supervision, the crackdown on idle land and other measures have been embryonic, only to release the opportunity.  The idea is to join hands with financial governance institutions to increase transparency in the land market, focusing on the typical "king" and Idle place. The ministry will convene the national construction work this day, may have relevant statements and policy framework revealed. It is certain that the consolidation of public rental housing is a foregone certainty, and that there are also new rules to tighten regulation and market transparency in pre-sale transactions.
Related Article

Contact Us

The content source of this page is from Internet, which doesn't represent Alibaba Cloud's opinion; products and services mentioned on that page don't have any relationship with Alibaba Cloud. If the content of the page makes you feel confusing, please write us an email, we will handle the problem within 5 days after receiving your email.

If you find any instances of plagiarism from the community, please send an email to: info-contact@alibabacloud.com and provide relevant evidence. A staff member will contact you within 5 working days.

A Free Trial That Lets You Build Big!

Start building with 50+ products and up to 12 months usage for Elastic Compute Service

  • Sales Support

    1 on 1 presale consultation

  • After-Sales Support

    24/7 Technical Support 6 Free Tickets per Quarter Faster Response

  • Alibaba Cloud offers highly flexible support services tailored to meet your exact needs.