The Ministry of Construction does not renew the real estate preferential policy or the expiry date

Deed, business tax relief as a representative of a series of preferential policies, after the expiration or can no longer continue Li Le face imminent real estate preferential policy, as the housing and Urban and rural construction department in charge of Real Estate (hereinafter called the Ministry of Construction), has been basically determined not to "renew" put forward "proposition", which means　　At the end of 2008, including the deed, business tax relief and so on a series of preferential policies aimed at stimulating the real estate market, after the expiration of one year, no longer renewed and final curtain call. While the fundamentals of China's economic recovery are shaky, the foundations of a recovery in the real estate market are "very solid". In this context, the Ministry of Construction has not enough reason to "advocate" the extension of a series of credit, tax preferential policies.　　The Chinese property market, after losing these preferential policies, seems to still be able to develop smoothly, but the final outcome, but also waiting for the end of the ox to be officially announced, before this change remains. Non-renewal "at that time, the preferential policy period is one year, for the preferential policy has expired, as the Ministry of Construction, will not put forward the idea of renewal." "Late October 29 night, a source close to the Ministry of Construction told the China Business newspaper reporter," the Ministry of construction means that the expiration of the expired. "At the end of 2008, in order to tie in with the need to stimulate economic growth, the State Council, in a number of meetings, to involve real estate related policies to adjust the first set and improve the proposition of the purchase concessions, including the deed, business tax relief; First set and improved mortgage rate of 70 percent discount , lower real estate development projects own capital funds and so on. Subsequently, these policies by the State administration of taxation, the People's Bank, the National Development and Reform Commission can be carried out by functional departments.　　At that time, the term of the State Council's given preferential policy is one year. Reporter learned that, although these preferential policies by the national Development and Reform Commission, the People's Bank, the State administration of taxation and other functional departments, the Ministry of Construction did not directly issued documents.　　But these policies of the plan molding, is basically in the real estate Regulation inter-ministerial Joint meeting to determine, and the above preferential policy content itself, the Department of Inter-Ministerial Control joint Conference of the lead Department of the Ministry of Construction proposed.　　Because of this, when these preferential policies are due, if the Ministry of Construction does not lead the claim for renewal, then, as the Ministry of Real Estate Control joint conference of the other ministries, naturally will not offer, which undoubtedly means a one-year preferential policy, will expire. The aforementioned sources told reporters that construction of the current consideration is that, although the foundation of China's economic recovery is not reliable, but the real estate market "warmer" foundation has been quite solid, therefore, the Ministry of Construction does not have sufficient grounds to put forward to the State Council "extension" of the proposal, even if proposed, the possibility of approval is not very　　It is in this logic, the Ministry of Construction has been basically determined that the Joint Ministerial regulation and Control Conference on the extension of preferential policies, but not to the State Council to make recommendations and requirements. If so, a series of preferential policies, such as deed and business tax deduction, will be terminated automatically after the expiration of one year, and no longer be renewed.Sensitive mortgage 70 percent interest rates will be "discretionary" by the central bank. Unjustified market performance did not give the Ministry of Housing and Urban-rural construction enough reason to convince the State Department.　　In Beijing, where house prices are strongest, even though the most deserted golden week has slowed down the digestion of stock houses, according to data from the CRIC system in China, October 12 ~ 26th, the volume of commercial housing remained at 7646 levels, still a record high.　　Ouyang is the general manager of the Beijing residential project Lohas City, he told reporters, since May this year, he is responsible for the project turnover has been showing a steady upward trend, even after a coldest golden week, this situation is still not affected. "Relatively speaking, from 3、4、5、6月 this period of time are our prices are gradually up, the market is basically recognized, the volume is relatively stable, there is no rise and fall of the situation, and the gradual increase in prices did not affect the overall volume of the project."　　"Ouyang said.　　Reporter learned that, although Le live City total planning area of about 400,000 square meters, but because the project volume rate is only about 1, so the availability of more scarce, even so, currently has sold 52 sets, at the same time subscription 29 sets, when the sale of the availability of basic empty. This is not Ouyang one's feelings. According to statistics from the Beijing Real estate Transaction Management Network, the average price of the project is up 8.3% from the previous one months.　　Including Le live city, the same area or neighboring Snow Spring Hall, California Shiring, Green city Lily, Herb Hall and other projects, have to increase the price of hundreds of to thousand yuan, individual projects even raised 2000 yuan. and the National Development and Reform Commission announced the latest 70 large and medium-sized cities housing price increases, also remained at 1.6%.　　Clearly, such data are not sufficient to justify the continuation of the housing market stimulus. A Beijing city government Personage, who declined to be named, said that with Beijing's construction of several new towns such as Fangshan, Daxing and Shunyi, such as the construction of the subway line in Fangshan District and the improvement of large commercial facilities, it could push up the price and turnover of new towns in the region. The impact of the million yuan Mark has become relatively realistic, compared to the Fangshan, daxing new city housing prices are already close to million.　　The upward development of the data must not be used as a support for continued preferential policies. Investment "Off" now, the volume of data is not likely to fluctuate sharply and then become a justification for the extension, "although the possibility is small, but the investment indicators are more subtle." "The former said close to the Ministry of Construction to reporters analysis.　　Earlier, Premier Wen Jiabao in an internal economic situation at the Symposium on the special mention of market transactions warmed up, but the first indicators still failed to improve, is "worthy of concern" problem, the request "study well". The reporter learned that the so-called two "leading indicators", is the real estate investment in fixed assets and real estate open to work area, because these two indicators are related to the purchase of industrial chain, so the State Council level on thisA data concern is no less than volume. The logic of the foregoing is that as a prelude to investment in fixed assets and the area of resumption of return to business, real estate enterprises have been hot for a long time: after Vanke to 2.93 billion yuan to win the Fangshan town of area 5th, the premium rate of up to 115%.　　Vanke and Cofco jointly won the area of Changyang town, 1th, a premium rate of 162.6%, refresh the region's highest record of land transactions, and earlier, the country has been King frequency out. "Usually six months to a year or so, these investments will be converted into open areas, investment sanity, credit policy is no longer preferential, it is possible." "he said.　　Here, Shanghai has once rumored that real estate credit policy will be adjusted. However, the reporter learned that for this situation, some large developers have been vigilant, through the operation of the capital market, the completion of a diversified financing platform, has gradually become a consensus in the property developers. Recently, in the Chinese network held a new thinking forum on real estate, Sunshine 100 vice President Fan Xiaochong said, after 2008 years of adjustment, the capital market is also more sober, the capital will give good enterprise good evaluation, you just have to do the business, capital will chase you, and this is to deal with the policy "change" of the real estate business Solution. "