Two times regulation break the illegal housing enterprises, 70% housing enterprises cash flow is negative

Before the National Day holiday, the relevant ministries and regulations to control the property market, stressed that the illegal housing enterprises to suspend financing and purchase, and "focus on prices significantly exceed the level of surrounding real estate development projects for land value-added tax liquidation and inspection."　　Experts believe that the real estate market two times regulation, so that real estate development enterprises will again face the pressure of capital.　　On the evening of September 29, the state-related ministries issued further property control measures, including the suspension of the third and above housing loans, raising the first payment ratio to 30% and above, restricting the number of homes and adjustment of the deed and other provisions, more stringent than the previous policy, the industry as the second regulation of the year. The upper half of the regulation of the developer bones and muscles experts said the price rise again, land price innovation high Speed two times Regulation promulgated Shanghai Yi Ju Real Estate Research Institute General Minister Yang Hongxu said, from the National Bureau of Statistics announced the 70 large and medium cities real estate operation situation, the upper half of the control although the price of the house has been suppressed too fast, but for developers is not bones,　　Especially in 8 September, all over the property prices rise, queuing to buy more and more, so that policymakers have to consider the "Golden Nine Silver Ten" traditional property market peak season retaliatory rebound to consolidate the adverse effects of the adjustment effect. From Vanke's August sales performance, the August sales volume was increased by 149% over the same period last year, with a single monthly sale of tens of billions of dollars.　　It is "not bad money" to let Vanke August in Shenzhen, Changsha, Fuzhou, Shenyang and other land to buy 166.5 hectares of commercial residential land, the amount of land purchase up to 7.8 billion yuan. September 2, Panyu District, Guangzhou City, Guangzhou City, a plot of urban construction by the floor price of 7282 yuan/square meters, Panyu residential land floor price new highs were refreshed.　　September 8, the Hong Kong Wharf Group's Cho Guang Holdings Limited, seized the Shanghai Pudong Huangpu River along a block, a total price of 4.828 billion yuan, the floor price of 35490 yuan/square meters, set a new high floor price for residential land in Pudong.　　Cheng, director of Zhongyuan Group Research Center, also believes that the double factor of rising house prices and high land price highs has accelerated the regulation policy. Two regulation to break the property of the illegal housing industry capital tight, about 70% of the company's operating cash flow is negative Shanghai Zhongyuan Real Estate Research consulting director Song said, the regulation clearly put forward, the real estate development enterprise Land Idle, change land use and nature, delay the completion time, cover plate reluctant and other illegal behavior, More stringent regulation, such as illegal records, the suspension of its issuance of shares, corporate bonds and new land acquisition, and so on, the wording is more severe.　　For developers, this means that once the violation will be cut off the "money", strong penalties will play a significant deterrent effect. Statistics show that the interim results of the 112-a-share listed real estate companies in the first half of the operating cash flow of 78.36 billion yuan, the end of the quarter-40.56 billion yuan increased by 37.8 billion yuan, compared to the same period in 2009 34.96 billion yuan increased 113.32 billion yuan. A total of 77 companies are operatingJinguu is a negative value, more than 35 at the end of 2009.　　Some 70% of the company's operating cash flow is negative, says a number of analysts, indicating a tight financial sector. The regulatory policy also requires, "the focus on pricing significantly more than the surrounding price level of real estate development projects for land value-added tax liquidation and inspection."　　Cheng that if the implementation of this policy to strengthen the enforcement, it is bound to have a greater impact on high-end residential projects, will further squeeze the profit margins of developers. Most bad property tax not released experts say the new deal will allow the market to enter a wait-and-see period turnover may be braked Beijing chain Home real Estate vice President Chien that the new policy in the national day before the introduction of the Golden Week, will make the second wave of wait-and-see quickly formed, turnover is likely to come to a screeching halt, is likely to become the most "cold" Golden Week in recent years,　　The market will return to rationality again. Several institutional analysts also told reporters that the introduction of the new policy will make buyers "active" or "passive" into the wait-and-see. Policy on the first set of housing 30% down payment provisions, on the deed and the abolition of personal income tax concessions will increase the cost of home purchase, the impact of house purchase plan, and the property tax, the increase in the security room will affect the market price rises, so that buyers actively postpone the purchase plan.　　Developers under the pressure of funds, or have to take a promotional means to withdraw funds. A number of brokers have issued reports that the new policy to curb house prices is conducive to stabilizing property prices, although it is considered to be a major negative property tax policy has not been announced, but since mid-August, property shares have generally seen a correction of around 15%, has basically reflected the two regulation of the expected, or will hit the bottom rebound.