Shanghai: Waiting for Boots to fall

Property Tax 8?　　In the near future, rumours of Shanghai's proposed property tax have been abuzz with speculation. Wen/"Investment and financial" reporter Li Fi May 12, a "Shanghai will introduce a property market regulation rules and levy a real estate tax," the news occupies a prominent position of the major sites. And one weeks ago May 4, the State Council Legal Office, deputy Director of financial and Financial Secretary Jihwai Ban also through the official media revealed: "The levy of the tax on the housing sector is a fundamental measure to ensure the healthy development of the housing market, and also a radical solution to the many thorny problems facing our country at the present time, but it needs to be implemented in a phased way.　　Rather than overnight. "　　This stance seems to imply that the pace of property taxes is getting closer. Media reports, the Shanghai version of the regulation of the property market will be announced as soon as this month, and Shanghai's housing sector tax will be officially launched after the introduction of the rules.　　But so far, no news has been posted on the Shanghai Housing Security and Housing Authority website, and the market is now focused almost as much on the landing of a "boot" as Shanghai. Shanghai rules are ready to be announced in the "new Country 10", including Beijing, Shenzhen, Qingdao and other countries have promulgated the implementation rules.　　However, in Shanghai, where prices are high, the rules have been slow to appear, and the authorities ' secrecy has made the details of the new deal more confusing. Although the regulation of the Shanghai property market has not yet been introduced, but from the various channels of news has flooded the entire market.　　Among them, the introduction of the real estate tenure tax is considered to be an important part of the new deal, and the relevant Provident Fund loan will be treated as a difference in the area of housing loans may also become a regulatory policy another important content. There are reports that Shanghai is in the midst of a discussion of property regulation rules, including the imposition of property tax measures. The preliminary draft is an important basis for the household per capita area as a property tax. If the tax conditions are met, an annual property tax equivalent to 0.8% of the room value is payable, based on the assessed price rather than the property transaction price. In addition, buyers who have rented homes and paid real estate taxes on time will consider not repeating the tax.　　However, some developers said the rumors about the property tax in accordance with the valuation of the claim is less feasible, because the operating cost is too high. On the "View area of the implementation of the difference mortgage", has been reflected in Beijing announced the new policy of Provident Fund housing.　　According to the news, Shanghai's Provident Fund loans in this regard has been basically determined, and the definition of "area", the market is 90 square meters, the same as Beijing. In addition, there is also news that Shanghai may also introduce restrictions on the purchase order, that is, local family limited to buy two sets of foreign people limited to buy a set.　　However, the purchase order has not been confirmed, and many market participants also said that the purchase order with a strong plan color, the effect may not be as expected. According to some of the above news of Shanghai regulation of the New Deal, Shanghai's regulation by the market is called the "most stringent" real estate deal.　　But so far, all the news has not come from the official mouth, which makes it a mystery to control the new deal.The real estate market Sky has turned overcast rules out? When exactly? Shanghai easy to live real estate Research Institute senior researchers back to build strong in the "investment and financial" reporters said, the regulation of the rules will be issued, but may not be immediately issued; on the intensity of regulation, he said that Shanghai is generally strict in enforcing State policy.　　In addition, other industry insiders also said that the introduction of property tenure tax is sooner or later, but time is still uncertain. The housing bubble has been a hot topic in the market discussions in recent years. Is there a virtual high price in Shanghai? Back to build Strong said, to some extent.　　Others say the housing bubble is bigger in suburban or remote areas. Can the introduction of the holding tax effectively regulate the property market? A network survey by Sohu found that 24.53% of people thought that a tax could curb property speculation, while 18.57% said it would regulate the property market and suppress excessive house prices; But 9.38% said it had little impact on short-term speculation. Back to build strong also said that the measures will bring to the property market more obvious impact, Shanghai real estate turnover will be greatly reduced, but also can effectively curb high housing prices, to fight speculators.　　In addition, it has also been said that the greatest degree of policy is the psychological impact, which means that people's expectations will change, leading to some changes in the property market. However, from the market perspective, despite the policy has not yet been introduced, the property market has changed more or less, "cloudy", "weather change" trend seems to be coming.　　The first finance and economics of a 2010 of the results of the survey of the boss of the House, 18 of the owners think prices will fall, they believe that price drop is an inevitable process, but in what form, when the appearance of the current people are still a wait-and-see state.　　Market turnover has seen a more pronounced contraction, in the first week of May, Shanghai residential transactions area of 71,000 square meters, for nearly 5 years the lowest week of the same period. Property developers have also been the move to reduce price concessions. At the beginning of May, Evergrande took the lead in playing 85 percent discount promotion cards. In addition to Evergrande, some residential projects in Shanghai green space are quietly lowering prices. There are news reports, Green is located in Shanghai Songjiang Green Rose Jiuli project one-time pay 93 percent, loans 95 percent, green Notting Hill townhouse Villa Total price of 80,000 yuan.　　Green space, said that some of the property concessions are to participate in the activities of the housing fair, its products do not have a full price reduction. According to market information, April to date, Shanghai has a total of nearly 40 real estate discount concessions, the suburban plate is currently the Shanghai property market price adjustment of the concentration area. And compared to the new property, second-hand housing market response more significant.　　In addition, "cover" also become a developer to deal with a measure, according to statistics, the number of new opening in Shanghai since May only 14, compared with the last two weeks of April, a sharp decline of 50%.　　For the people, the new deal, especially the introduction of housing tax will be related to their own interests, many people also expressed their views. A home buyer said to reporters "very worried." He just bought it last year.A large area of the house, belonging to the second suite category, the current house is still in the repayment, if the levy of a property tax, undoubtedly add a heavy burden.　　There are also buyers said in an interview, the hands of the current holders of multiple housing is not small, if the introduction of the so-called property tax, they will face a huge amount of spending, will also be serious beyond their tolerance range. There are a number of people who want to buy homes to improve the demand for these people, back to build Strong said, if the best way to circumvent the policy, it is better to sell a small house buying a big house, but there may be a coincidence period.　　Many people have already put forward the regulation policy cannot across, may have the corresponding policy to take into account this kind of people's benefit. Policy needs to focus on long-term senior real estate personage said that in Shanghai's real estate market, there are many speculative foreign capital and hot money.　　The biggest goal of regulating new deal is to restrain speculative demand, no matter how, the basis of regulation can not deviate from the masses of ordinary people. Recently, China Real Estate Development Group Chairman Mengxiaosu said that the first step to levy property tax should take commercial real estate, the second step from the property right House levy property tax, and then the high-end housing and luxury collection, and finally to all residents levy.　　The tax policy has a direct impact on investment, especially speculators, and many people who hold multiple houses may throw out excess properties because of the high cost of holding them, thus increasing the supply of second-hand housing market. However, some industry insiders said that the regulatory policy on the current high prices will play a certain role in the crackdown, but in a way, these are only short-term behavior.　　In the long run, the government should set up a more perfect and healthier housing and low-rent housing mechanism, and take the benefit of the lower income earners who are inferior in economic power to solve their problems. At present, the rumors about the regulation of Shanghai are very interesting. For most people, the expectation of a regulatory policy is that high house prices are suppressed or down. Pan Shiyi, the chairman of Soho, expects housing prices to fall by about 15% to 20%, back to the level of early 2009. The latest report of the Fang Fang Property Information Agency concluded that the adjustment was at least 20% per cent lower. Different sayings, and the real estate market will be how to deduce, and only wait for "boots" to be revealed when landing.