Real estate revitalization planning split out of capital reduction in the short term hard to see results

"For our small and medium-sized enterprises, capital reduction is difficult to solve the fundamental problem." Banks would have been strict to us, the capital has been lowered, but the bank audit strict, resulting in the same as the original, put the project put, do not put the project is still stuck very tight.　　"A week after the fall in the capital ratio of real estate projects, a developer in Zhejiang complained to the Huaxia Times reporter." June 2, a Beijing residents of the General group said to reporters: "The proportion of capital reduction, for large developers is just icing on the cake." For a large number of small and medium-sized developers, it will be difficult to become a lifeline. "The reduction in capital ratios has little impact on us.　　June 4, Zhu Da, chairman of Shanghai Real Estate Brokerage Association and spring Sound Property (Group) Co., Ltd., said to reporters.　　Capital ratio last week after the downgrade, once known as the real estate industry, but this reporter in the interview found that the situation is not as optimistic as expected. A person close to the Housing ministry said to reporters: "Should be a systematic view of the recent series of policies, from mortgage interest rate discounts to ease the pressure on home buyers, to the current relief of developers capital chain of the reduction of capital, this is a comprehensive policy, the reduction of capital ratio is a more important card;　　"Good short-term difficulty is widely recognized in the industry, the reduction of capital ratios can play two major effects, first, to ease the financial chain of developers, so that developers to speed up the land; second, in this role, the new house supply greatly increased, can alleviate the current contradiction between supply and demand. "This policy has not yet been documented, so it has not been implemented in practice," a CCB official said June 2. "Still can't borrow money."　　"After the ratio of capital cut, the Zhejiang developers in the bank still eat the cold shoulder." "Small and medium developers are short of money, but it is still a problem whether they can borrow from the bank."　　"A person from the Beijing General Group said to reporters.　　The reduction in capital ratios seems to be hard to radically improve the capital-chain tensions across the industry. As a result, developers have never been more willing to build houses.　　The National Bureau of Statistics released data shows that the first quarter of this year, the country completed real estate development investment 488 billion yuan, down 28.2% from the same period last year.　　"Some three or four-line cities, which have not been filmed in the past year, have caused land finance to be extremely strained," Zhu Da found in the survey. "The vast majority of developers are not like Vanke, their development cycle is generally more than 1.5, so cut the proportion of capital, the effect of increasing supply to at least 1.5 after the show."　　Xu Bin, an analyst at the group's headquarters, said. "This is indeed a precautionary measure, the land market has been sluggish for so long, in order to avoid 2007 the next year, the situation of land shortage, so now to prepare for a rainy day."　　"Guo Yi, Marketing director of Asia-Ho, held the same view in an interview with reporters. Change the situation of market sellers by increasing supplyQuantity may not be a remedy. "Do not forget that in Beijing, as at the end of April, the vacant area of the whole-place has reached 13.95 million square meters."　　Insiders point out.　　The new deal comes to an end. The people close to the Housing ministry said that, with the capital ratio down, following this round of stimulating economic macro-control series of policies, for the real estate industry's new Deal or has been basically out. The people close to the Housing ministry said that, in fact, the current balance between home buyers and developers of the policy has come out. "This is tantamount to the original real estate revitalization plan to split out."　　Said a property sector personage.　　Now, management's concern is that if the policy is taken a wrong step, it will push the property market again to a crazy roller coaster. "For real estate, the ministry hopes that the price is stable, but sales go up, but several departments feel that the current housing prices are still a little high."　　"People close to the housing department said.　　It is reported that several property-related departments agree that in recent years the highest housing prices in the first quarter of 2008, "but now housing prices and then compared to a limited decline."　　"The property market is again a new deal, unless it is to adjust the volume rate, but the possibility of polar school," a Shanghai property analyst told reporters. The people close to the housing department said that there are already a lot of policies on the property market and that those policies have not been fully implemented and the focus is now on implementing the central policy. "Real estate is a market, the degree of government intervention is limited." ”