The second half of the house price or will be back into the Descent channel Vanke Defense Poly Expansion of the two giants adverse selection debate property market

Since 2009, in the promotion of various positive policies, property prices gradually climbed, into the May after the return of a stable rebound results. However, in the more complex domestic and foreign economic environment, the real estate enterprise's market strategy appears certain differentiation sign.　　Vanke chairman Wang Shi recently threw house prices into the "post-inflection times" theory, accompanied by the company's continued "defensive" strategy; in contrast, poly real estate to the city expansion, 8 billion refinancing hoarding Beijing.　　Vanke "defense" Poly Reverse Expansion 2009 1-April, real estate leader Vanke cumulative sales area of 2.12 million square meters, sales amount of 17.49 billion yuan, respectively, compared to the same period in 08 30.4% and 21.4%. However, Vanke is turning around.　　Wang Shi recently received media interviews to throw house prices into the "post-inflection times" speech, in line with the same, Vanke to take a sustained "defensive" strategy. May 25, Vanke Dong and some institutional investors said, for the judgment of house prices, Vanke said prices rose, macro-economic and mortgage policy to maintain stability, the probability of these three simultaneous occurrence is very small.　　A more likely scenario would be a steady or modest rise in house prices, and a continuation of monetary policy looking at the statistics for the next few quarters. Vanke's land reserves are shrinking.　　In addition to the last week, Vanke total to 1.943 billion yuan, a premium of 50% in Wuxi, Foshan purchased a total construction area of more than 870,000 square meters of large plots, 08 Vanke supplemented 6.66 million square meters of low land price inventory, the equivalent of 1884 yuan of floor premium, land reserve is not 3 years. Contrary to Vanke's "defensive" strategy, poly Real estate is heavily indebted against the city's expansion. 8 billion applications for Non-public offering of a shares have recently been approved by the SFC. The main investment in Shanghai Poly-leaf Shanghai, Shanghai Poly Lin, such as 8 projects.　　The first four months of this year, the Poly contract area of 1.247 million square meters, signing the amount of 10.52 billion, compared to last year, respectively, growth of 182% and 213%, sales average price 8430 yuan/square meters, up 11%. In 2008, when real estate sales were not good, Paulie still expanded 12 new projects, adding 5.94 million square metres of land reserves.　　This expansion has led to a surge in 2008 inventories of Poly Real estate from 28,000,000,001 to 40.1 billion per cent, up 43.12%.　　The second half of the price will be back into the descent channel? After January this year, in the promotion of various favorable policies, property prices gradually climbed. January-April, the National commercial housing sales area of 17625 450,000 square meters, an increase of 17.5%. Commercial housing sales of 799.592 billion yuan, a large increase of 35.4%.　　However, the real estate industry to reporters that the real estate sales in the specific project is actually "28 phenomenon", is still a small number of real estate developers to obtain more sales, small and medium-sized real estate sales benefit not much. "If real estate really warms up and continues, then the State Department has not recentlyThe policy of supporting real estate has been introduced.　　Analysts told reporters.　　May 27, the State Council on the adjustment of the capital ratio of fixed asset investment project requirements, since May 25, the fixed assets investment projects in accordance with the new "Minimum capital ratio" implementation, involving steel, cement, railways, real estate and other fields. Jianghai Securities analyst Shi Wijian that, from the investment-type demand is more active in the first-tier city, there is no investment-type demand for the full market signs, from this can be speculated that the national property market to the situation of the dominant demand will not be a big change. In the first-line city, the continuous enlargement of Shanghai turnover structure is likely to be the result of active local property exchange, and it does not have the whole representative meaning. For the release of investment demand, they think there is still little hope in the short term.　　Whether from the perspective of macroeconomic situation, or from the Government's policy perspective to study the levy of property tax, the rapid rise in housing prices are lack of a solid foundation, which determines the trend of China's property market will still depend mainly on rigid demand. In order to further reduce the risk, the CBRC continued to require commercial banks to control the weight of property developers ' loans, rein in the two of mortgages and prudently promote the securitisation process, the chairman of the CBRC said yesterday at the tenth Summit of the Asian bankers. It is understood that the recent market there are some relaxation and disguised relaxation of the second suite of loans.　　Despite a 70% per cent decline in April, the CBRC regulation has not eased. Reporter Rongjinguang Intern section good strategy