Vanke Vice President: The property market, such as shocks will not have regulatory policy issued

Prices, whether to usher in the downward "inflection point" dialogue person: Editor Ginger Yoon reporter Wang Vanke group vice President Mao Daqing News background: Before and after the Spring Festival, the property market seems to be "hibernating": compared with the past, the Beijing-Shanghai Spike and other first-tier urban housing trading volume, there are a large decline; Although the March after the "Wake up", but the scene is still strong wait-and-see atmosphere. The reason is that the property market control policy is intensively introduced.　　Then, the price will appear "inflection point" to the downward?　　Q: What is the effect of regulatory policy? Editor: The Government has recently introduced a strong and powerful real estate control policy. Are these policies beginning to bear fruit?　　What are the main effects? Reporter: February, the real estate transactions of Beijing and other first-line cities fell further in the chain. Despite the impact of the spring festival holiday factors, but the operation of the market reflects that with the real estate market control measures to implement, the buyer's wait-and-see sentiment further aggravated. Developers are also cautious about the market and are no longer blindly chasing high prices. If the market volume does not improve significantly in the coming period, the land market may be further rational.　　This suggests that the effects of regulatory policies are emerging. Mao Daqing: The new policy will have an impact on the market, it is bound to let buyers wait and see, but will not have a fundamental impact.　　This is mainly because, this year, the dual goal of regulatory policy is to ensure the stability of sales and prevent price growth too fast, mainly in the strengthening of policy building on the basis of regulation.　　Second question: Does the price of housing appear downward inflection point? Editor: All parties are guessing whether the property market is "turning point".　　How should we look at this problem?　　Reporter: The market will not appear adjustment, mainly depends on three factors: first, whether the relationship between supply and demand changes; second, the policy will not be further tightened; third, the developer's funds and expectations, will not allow them to make the choice of price promotion. As far as the supply and demand situation is concerned, it can be summed up by the "wait-and-see atmosphere, but low inventory level". A recent report by Bank of China said a sharp drop in residential turnover had been a wake-up call for a correction in the property market, and that the rise in the deal price had been weak.　　However, the adjustment of the real estate market will not start immediately. In terms of property capital, this is the leading indicator of the real estate market. According to market cyclical law, in the bank credit tightening, turnover decline in the early days, developers to purchase and develop land often continue to rise, which makes the source of funding gradually decline, and the demand for funds will continue to rise, when the financial supply is tight, the decline in the real estate boom will lead to a fall in the　　The Bank of China report shows that the current real estate developers cash flow, financial easing far beyond the 2007 level, short-term price promotion is not strong desire. Mao Daqing: After the national two sessions, whether the relevant regulatory policies will be promulgated, mainly depends on the 3 April property market trend.　　In particular, March, the market shocks big words, the relevant policies will not be issued, but the opposite is not the case, I believe that there will be relevant policies issued. Three questions:　　How to ensure the healthy development of the property market?　　Editor: How to control the policy to maintain a good sense of proportion, not only keep vitality, but also take into account the people's livelihood? Journalist: One of the major features of this round of regulation is the "maintain pressure". I think, "Bao" mainly embodied in the protection of home purchase and improve the demand for housing, "pressure" is reflected in the crackdown on investment and speculative buying.　　From the current government at all levels of regulation and control policy combination, also fully embodies this feature. Mao Daqing: From the perspective of the healthy development of the real estate industry, it is important to maintain a certain sales volume. The impact on China's economy would be enormous if sales were to fall sharply.　　Therefore, in order to avoid the "one tune on the death", the government should be more accurate in the direction of the policy, to implement the specific rules of the formulation and implementation of the measures, the real estate policy should be "targeted targeting." From the current perspective, to solve the housing problem should be "three-pronged": first, the protection of the lower end of the population housing, vigorously develop the rental of the security room; the second is to ensure that the structural adjustment of housing, so that the "sandwich layer" has the opportunity to purchase a security room; the third is to avoid asset bubbles The state should increase the management of investment property from the angle of bank loan.