The ratio of capital to lower real estate investment has a positive recovery conditions

May 27, the State Council circular on the adjustment of capital ratio of fixed assets investment projects, the guarantee of housing and ordinary commodity housing projects, the minimum capital ratio of 20%, other real estate development projects, the minimum capital ratio of 30%.　　Industry insiders said that because of real estate sales and policy two positive, the second half of the real estate investment has been a positive rebound conditions.　　Lower capital ratio to promote investment according to the notice, the other real estate development project's minimum capital ratio from the previous 35% down to 30%, reduced by 5%, guaranteed housing and ordinary housing, the general project is the lowest level of 20%. Xingye Bank Capital Operations Center chief economist Lu County, the adjustment of fixed project capital ratio shows the intention to stabilize the real estate market, real estate "warmer" trend is determined.　　The recovery of the real estate industry will make a positive contribution to the overall economic stability. "At present, the outlook for the entire real estate market is getting better and the cost of investment has been minimized, as the market is showing signs of improvement and prices are rising, the profitability of real estate is picking up and the industry itself is becoming more attractive to investment, which makes the desire to enter the capital progressively stronger,"　　Jianlong, a researcher at the Department of Industry and Economic research at the State Council's Development Research Center, said that relaxing the entry threshold for real estate investment would play an active role in furthering the formation of this situation and ensuring a steady pick-up in real estate investment. Sales warmed up confidence DTZ DTZ data show that 2009 1-April nationwide commercial housing sales area of 162 million square meters, an increase of 18.6%, the transaction scale exceeded 2006-2008 average level of 21.2%.　　Among them, the April National commercial housing sales area of up to 59 million square meters, the chain growth of 3.8%, continued the 2009 since the volume of monthly turnover trend, turnover steady recovery. Cass Institute of Finance researcher Yin Chengli that the most important factor in determining real estate investment is real estate sales, from the first few months of this year, sales have shown signs of warming, in the stimulation of sales, two or three quarters of real estate investment will have a relatively quick rebound.　　Real estate investment growth rate below 10%, the second half is expected to return to more than 10%. "From the perspective of the healthy development of the real estate market, real estate investment has come to a need to improve the state," Jianlong that from the next stage of the entire real estate market health and sustainable development, the current real estate investment level is low, because the market continues to maintain a strong sales posture, the stock room also digested a lot of　　and real estate supply rigidity is very strong, even if it is now to accelerate investment, the formation of supply also need a year later, if the investment continues to slump, the next year if there is no new housing supply, on the surface is the price of rising sales hot, in fact, will increase the real estate market fluctuations. Jianlong said the next July or August will be the off-season for real estate sales, but short-term adjustment in the market is unlikely to change the housing market's reboundSituation。　　Even though the second half of the month real estate sales appear relatively large fluctuations, but the second half of real estate sales are expected to achieve 10%―20% growth.　　As one of two key factors to measure real estate investment, land is the barometer of real estate investment, Yin Chengli said, at present, many real estate developers actively take the land, indicating that it is optimistic about future investment. While another key factor in real estate construction is still falling, Wang Tao, China's chief economist, said the government had plans to increase investment in affordable housing, including low-rent and Old City renovation projects; property developers and homebuyers are now more likely to get loans. Both factors will drive new construction activities in the second half of the year.