The Chinese property market is very hot in the Ox Tiger Real Estate Policy

The December 14, 2009, the State Council executive meeting made clear that "curb some of the city housing prices too fast rising momentum", opened a "restraining policy" big curtain, marking the overall turn of China's real estate policy, which also indicates that the 2010 China's real estate policy environment will be a big reversal. 2009, in the loose monetary policy, the suppression of market demand concentrated release, investment demand for the release of the background, the January-November National commercial housing sales area and sales reached 750 million square meters and 3.6 trillion yuan, the year-on-year growth of 53% and 86.8%, Residential sales area and sales growth of 54.4% and 91.5%, respectively, the scale and growth rate of a record high, of which sales have been more than 2007 year, the National commercial housing and residential average price of 4785 yuan/square meters and 4544 yuan/square meters, respectively, year-on-year growth of 22.1% and 23.1%,　　Absolute levels and growth rates are at record highs. According to the monitoring data of China's real Estate Index System, 2009 1-November, all 16 cities except Shenyang have exceeded the annual level of 2008.　　Compared with the whole year of 2007, there are 10 cities in Shanghai, Guangzhou, Tianjin, Chongqing, Hangzhou, Xiamen and Fuzhou, which exceed the annual level of 2007. In a series of market control policies, the monetary credit policy is the most effective means of real estate regulation. By the end of September 2009, commercial real estate loan balance was 6.81 trillion yuan, an increase of 28.3%, the growth rate was 14% higher than a year earlier.　　Among them, the real estate development loan balance is 2.47 trillion yuan, increases 25.3% year by year, the purchase loan balance is 4.35 trillion yuan, increases 30.1%. 2009 1-November, China's personal consumption loan balance (about 75% of which is a mortgage) increased by 1.6 trillion yuan, 2007 and 2008 twice times and 3.6 times times, of which the November personal loan increase of 237.7 billion yuan, a growth of 50% last month, is the highest level since last year,　　Shows that commercial banks are still more "aggressive" in terms of personal loans. Because of the 70 percent interest rate concession and "asymmetric rate cut", Commercial bank mortgage expansion speed far beyond the industry's expectations.　　In the first half of 2009, CCB, ICBC, BOC new personal housing loans are more than 100 billion yuan, and 2008 all the year is less than 80 billion yuan, "lending impulse" is very significant. Husu, a researcher at the Huazhong branch of China's Index Research Institute, predicts that China's monetary policy will remain moderately loose in 2010, with a possible differentiated credit policy, strict implementation of two mortgage policies, or possible implementation of a down payment ratio. At the same time, in the land policy, at the end of 2009, the Ministry of Land two times issued a "first contribution ratio shall not be lower than all land transfer 50%, strengthen land revenue and expenditure management", "speed up the disposal of idle land" and other related policies, and on December 23, for the first time in 9 and disclosed the country currently idle land about 10,000The key figures, such as hectares, indicate that this will be a signal to the Ministry of Land and local governments to strengthen land enforcement efforts. With prices rising and fears of a possible change in policies expected in 2010, the impact of high housing prices and shortages in some provinces and cities is expected to fall, but for Wuhan, which is still in a fast-growing period, trading volumes are likely to remain growing due to the absolute level and low rise in house prices.