The real push behind the king

Xinhua Shanghai, March 21, the "Central enterprises" recently again frequently become "king", the State Council SASAC 18th released the "78 Central enterprises will withdraw from the real estate industry" news is to trigger some people in the industry's expectation: the Central enterprises exit, "King" will be reduced, land price will be smooth? Some analysts point out that the root of the "king" is not whether the buyers are central enterprises (SOEs) or private enterprises, but the excess of real estate development funds and local excessive reliance on land development.　　Whether "Guo Jin" or "DPP", if the money is not adjusted, "land finance" unchanged, even if the central enterprise exit, there will still be more private enterprises competing "King", the land market false will still be burning. The exit of the central enterprises can not solve the fundamental problem March 15, the Sino-Ocean Real estate subsidiary to 4.08 billion yuan competition for the Grand Wangjing 1th, floor price of 27,500 yuan/square meters, is considered to be the Beijing market, the new "unit price of the king." In the afternoon, China Weapon Equipment Group Corporation Beijing World Expo Hongye Real Estate Development Co., Ltd., to 1.76 billion yuan of the total price of Haidian District Sheng block, floor price 29,000 yuan/square meters, refresh the unit price "King" record.　　The same day, Citic Real estate also to 5.24 billion yuan of the total price Daxing District also Zhuang plots, to become a new Beijing total Price "King." The three "King" buyers are exclusively central enterprises, and some of the main business is not real estate development.　　The new round of regulation has entered the "deep waters", but again with the central enterprises to bring the new king, for a time, the real estate sector nerves again stimulated, outcry.　　March 18, the State Council SASAC clearly put forward requirements: 78 not to the real estate industry, the central enterprises must "speed up restructuring, in the completion of their own land development and implementation of projects and other phased work must exit the real estate business."　　So, many people in the industry look forward to, "Do not do" the exit of the central Enterprises, will herald the "King" gradually reduce the land price will tend to smooth. "The highest bidder" gave birth to "king" Central enterprises dominating the land market is the second half of 2009. And in 2007, the price of the first round of rapid rise in the company, the most dominant enterprises mostly. China Index Research Institute statistics show that 2009 Total Price row in the top 10 plots, state-owned Enterprises 8 seats, the first 10 of the transaction floor premium enterprises, but also 8 seats are occupied by State enterprises.　　But in the 2007 total price and the unit price "King", the buyer inside the state-owned enterprises and the ratio is 3:7 and 4:6. In fact, even in 2009, there is no shortage of private enterprises to form a consortium to take the "king" example. The most typical is December 22, 2009, by the capital, Ya Ju le, bi GUI garden Three private housing enterprises composed of the consortium to 25.5 billion yuan to beat by the price of Poly, the sea, Vanke three state-owned consortium, won the Guangzhou Asian Games Village "new King". Private enterprises maintain the "total price of the King" Record.　　Central enterprises or private enterprise, chasing the "king" of the market caused by side effects, and no much difference. Zhongyuan Real Estate analyst Ma Yi said: "Even if not to real estate industry as the main enterprise no longer shot, there will also be private enterprises to take." Moreover, there are 16 real estate central Enterprises ' eyeing the popular plots '. "Money is the mother of the land king." Most of the housing companies that are able to make a lot of money in the land market of the "king" level have huge sales remittances and loose bank loans, especially for large central enterprises, which have a greater advantage in obtaining financial support. Shanghai, a real estate state-owned enterprises in charge told reporters that the first half of last year, not developers to seek banks, but the bank to ask developers, and often the head of the headquarters in person to greet the request "credit." Some banks almost ran out of credit lines throughout the year. In addition, many enterprises or listed companies. Acquiring land and fighting for "land King" is not only the demand of the real estate enterprises to carry on the conventional land reserve, but also the excellent subject matter of the stock market financing of some listed housing companies. The more "Land King", the more financing effect.　　In the situation of loose liquidity, the lack of effective guidance of credit funds can only flow into the property market, the stock market, not "King" is strange. In recent years, the "high bidder" land transfer method has been criticized. In the case of unequal capital scale, the pure price will undoubtedly lead to the extrusion of other capital and the monopoly of individual development enterprises on quality plots. The central enterprise has this condition, some private enterprises also have such strength. The voice of the reform of land leasing has been heard in recent years. But local governments are actually also players and winners of the game.　　It is unrealistic to expect that the athlete who has tasted the sweetness to change the rules of the game.　　"Land Finance" is the ultimate driving force many people in the industry pointed out that the long line of "land finance" can be said to be "king" the ultimate push hand. In China's real estate market supply and demand both sides, in addition to the real estate provider, in fact, there is control of land resources, the collection of various tax fees of local governments.　　The "Land King" expenditure eventually flowed into the pockets of local governments. It is no exaggeration to say that local governments have now become the biggest beneficiaries of China's real estate transactions. Many cities ' land transfer money has accounted for nearly 50% of local revenue.　　In this context, for the "King of the Earth" one after another, some local governments, although said that the pressure is heavy, but in the heart is also happy to see it. So it is not difficult to see that only real real estate control measures to change the "land finance" highly dependent on the reform of the existing land transfer methods, can be eradicated from the root of the "king" of the soil, so that the land price to stabilize, let the property market return to rationality. In this, the central enterprise "the King" or the Private enterprise "King" is good, will be "dipper".