Updated version of the new deal released the housing market Golden Week or hopeless

Experts say, compared with the "new Country 10", New Deal regulation intention is more clear, and will be adjusted according to market changes at any time in the securities Times press Mr Raymond Kwing after the relevant rules and regulations, yesterday, in order to consolidate the real estate market control results, the state authorities again issued five measures, from credit, tax,　　Land and other aspects of the more stringent measures, while the local government put forward more explicit requirements, a new round of real estate regulation again upgraded. Industry insiders believe that in the mid-autumn holiday around the real estate market has warmed up, the National Day holiday will come, and the history of this stage is the real estate sales season under the circumstances of a new round of property control policy, the management of the timing is delicate and accurate. At the same time, compared with the "new Country 10", it is more explicit and more aggressive, which indicates that the regulation policy will adjust according to the market change at any time.　　The new deal will bring immediate effect to the property market, the real estate markets will be cooling again, the fourth quarter of this year, the focus of the city's commercial housing turnover will be slightly lower than 8-September, the power of rising housing prices, basically will be consolidation and small fluctuations as the main tone. The new deal has been tightened, and commercial banks have suspended the purchase of third-and above-home loans from residents ' households and suspended loans to non-residents who cannot provide proof of local tax or social insurance payments for more than one year. For the purchase of commercial housing loans, the proportion of the first payment adjusted to 30% or more; the family that buys the second housing for the loan strictly enforces the rule that the first payment ratio is not less than 50% and the loan interest rate is not less than 1.1 times times the benchmark rate.　　Commercial banks should strengthen the management of consumer loans and prohibit the purchase of housing.　　With the "New Country 10", only the high prices of cities to suspend the selective suspension of the third and above loans and restrictions on the foreign housing loan policy, compared to the extension to the national scope, will be conducive to the suppression of investment speculative housing, especially foreign investment speculators.　　At the same time, for the first suite, also the former 90 square meters above the first payment ratio of home loans shall not be less than 30%, 90 square meters below the minimum down payment can be 20%, into a total of no area limit to 30% and above. Beijing Zhongyuan Three-level market research director Zhang Dawei that the current loan purchase accounted for second-hand house and commercial housing ratio of 50%-60%, of which, the first suite accounted for the loan number of 70%, accounting for the overall proportion of the purchase of the population of 40% or so.　　This group will all need to increase 10% down payment, according to a suite of 1.5 million calculation, need to pay more than 150,000-200,000 of the first payment. In addition, the new deal also put forward, the price is too high, rising too fast, the supply of nervous city, in a certain period of time to limit the households home purchase.　　Previously, Beijing's restrictions on purchase orders or in Shanghai, Shenzhen, Hangzhou and other cities to implement.　　Real estate tax pilot to speed up the new deal, to speed up the reform of real estate tax pilot work, and gradually expand to the country. Yesterday, some industry insiders told the Securities Times, the real estate tax in Chongqing and Shanghai's pilot program to launch at the end of October. Specific fineHe did not disclose, but the initial tax rate is not expected to be high. Shanghai Institute of Real Estate Comprehensive research Minister Yang Hongxu also believe that the real estate tax pilot scheme is more likely to be introduced recently, but the initial tax rate will not be very high, such as Shanghai is likely to be about 0.8% of the value of housing, may adopt a progressive system.　　And the tax base in the initial stage will not be wide, the first suite may be exempted, two suites also need to live and invest two kinds of situation, generally more than two or three sets or mansion tax is the general direction. In addition, the new deal also proposed to adjust the housing transaction link of the deed and individual income tax preferential policies. The Ministry of Finance yesterday issued a circular saying that the purchase of ordinary housing for individuals, and the housing belongs to the family's only housing, halved the levy of a deed. For individuals to purchase 90 square meters and the following ordinary housing, and the housing belongs to the family only housing, minus 1% tax rate levy.　　Meanwhile, taxpayers who sell their own homes and buy new homes within 1 years are no longer exempt from personal income tax.　　Mr Chan Kwok-keung, director of the Real Estate Research Institute of Peking University, believes that this is the use of tax means to the independent and investment of property buyers to distinguish between the levy of the preferential policy and the above down payment ratio to raise the policy to form a hedge, to avoid real home buyers need to cause injury, reduce the To increase the punishment of the New deal, all localities should immediately study the implementation of the "State 10" of the Implementing rules, has issued the implementation of the rules of the region, according to the recent state ministries issued by the policy measures to adjust and improve.　　Strict implementation of the accountability system, the implementation of the policy is not in place, the work is not effective, to conduct interviews, until the accountability. Mr Chan said that the new deal not only made a clear request to local governments, strict accountability system will make some of the former lax implementation of the provinces and cities have significantly improved.　　At the same time, the real estate enterprise's hoarding, covering the plate and other acts also put forward various punitive measures. The new deal proposes to strengthen the supervision and inspection of land value-added tax collection and management, focusing on the settlement and inspection of land value-added tax in real estate development projects which are priced significantly above the surrounding house price level.　　For the real estate development enterprise Land idle, changes the land use and the nature, delays the completion time, the cover plate reluctant and so on illegal behavior, wants to suspend its issue stock, the company bond and the new purchase land, each commercial bank stops to it to issue the new development project loan and the loan extension. All voices · Xiang Finance Securities Real estate industry researcher Zhang Huadong: These measures can be said to be two times regulation, show the property market regulation in further overweight. In previous years, October is the property price Zisheng period, the national day before the introduction of this policy, showing the government's determination to control the property market, the possibility of strict implementation of regulatory policies greatly enhanced. Predictably, commercial housing sales in 2010 were down from the peak sales in 2009.　　The introduction of the measures will also be a blow to real estate stocks, short-term view of real estate stocks will be further adjusted. Tong Gongliang, dean of Taxation College of the Central University of Finance and economics: Although taxation has become a consensus among relevant government departments and academic circles, the property tax is "idling" near7 years. If enter the pilot stage, the key is to enact relevant laws and regulations, such as the provision of tax relief and so on.　　At present, the relevant departments should reach a consensus as soon as possible, the "idling" experience into a scientific and complete system to speed up the implementation of real estate tax. Minmetals Securities chief economist and director of the Institute Liu Dezhong: These measures show that the Government's determination to control the property market, basically in line with expectations, regulatory policy will be strictly implemented. Since the early adjustment of real estate stocks has been large, reflecting most of the regulatory expectations, short-term property stocks will be adjusted, but not too large.　　The market short-term or adjustment, but it is difficult to appear similar to the April consecutive plunge, the overall adjustment space is small, investors do not have to worry too much. Shenzhen Taihe Investment Management Co., Ltd. Investment Director Liang: These regulatory measures are not particularly stringent, in essence, the emphasis and repetition of previous policies. As the central government stressed before, it is not lack of policy, but the implementation of real estate policy. These regulatory measures for the real estate sector is not bad and may be good, because the market is worried about more stringent regulation and control policies, stop three of mortgages are not particularly strict, because this is based on the demand side of the regulation, that is, to make the people more difficult to fry, higher costs. But after a few years of real estate control, the most effective means is to increase supply, that is, the supply side of regulation.　　Real estate shares of the current valuation of the market basically reflects all possible regulatory pessimism, a policy, the Thursday A shares of real estate stocks may directly hit the bottom rebound, low after opening quickly high. The Tax Institute of the Central University of Finance and Economics Wang Hao: Tax regulation has not played a role in restraining house prices, the tax levied on the real estate business must be passed on to the homebuyers. If the real estate developers to Shengzheng and strengthen the liquidation of land value-added tax, the transfer of second-hand housing to strengthen personal income tax, land value-added tax, tax levy, and so on, will inevitably lead to further price increases, and by the buyers bear. Therefore, should reduce the operating link tax, increase the retention link tax. (Kong Wei finishing)