The First Half Of The Regulation Is Not &Nbsp; &Nbsp; The Two Regulation Is To Break The Rules Of Housing Prices.

Experts believe that the two regulation of the real estate market makes

In the evening of September 29th, the relevant ministries and commissions of the state issued further measures to control the property market, including the suspension of third or more housing loans, raising the proportion of the down payment to 30% and above, restricting the number of purchase packages and adjusting the deed tax, etc., which is more stringent than the previous policies, and is regarded as the second regulation in the year by the industry.

The first half of the regulation is not moved.

Experts say the price of housing will rise again, the land price will be renewed high, and the two regulation will be accelerated.

Yang Hongxu, general secretary of Shanghai Yi Ju Real Estate Research Institute, said that from the National Bureau of statistics released 70 large and medium-sized cities real estate operation situation, the first half of the regulation has inhibited the rapid rise of housing prices, but it has not hurt the developers. Especially in 8 and September, the housing market volume and price rose all the time, the phenomenon of queuing purchase increased gradually, so that the decision-making level had to consider the "golden nine silver ten" traditional property market in the peak season of retaliatory rebounding to consolidate the effect of regulation and control.

According to Vanke's August sales performance, sales volume increased by 149% in August compared with the same period last year, and sold over 10 billion yuan in a single month.

It is the bottom line of "not bad money" that allowed Vanke to purchase 166.5 hectares of commercial residential land in Shenzhen, Changsha, Fuzhou and Shenyang in August, and the amount of land purchased was as high as 7 billion 800 million yuan.

In September 2nd, Guangzhou Panyu center south area was built by Guangzhou city construction at a floor price of 7282 yuan / square meter, and Panyu residential land floor price was renewed again.

In September 8th, Hongkong Zhuo Guang Holdings Limited, a subsidiary of the Kowloon warehouse group, grabbed a piece of land along the Huangpu River in Pudong, Shanghai. The total price was 4 billion 828 million yuan, and the floor price was 35490 yuan / square meter, creating a new high floor price of residential land in Pudong.

Cheng Yuan, director of the Zhongyuan group research center, also believes that the double rise of housing prices and the new high price of land have accelerated the introduction of this regulation policy.

The two regulation is to break the rules of housing prices.

The real estate industry is tight capital, and about 70% of the company's operating cash flow is negative.

Song Huiyong, director general of Shanghai Zhongyuan Real Estate Research and consulting department, said the regulation clearly proposed that the illegal activities such as land idle, changing the land use and nature, delaying the completion time, covering up the sale and other illegal activities of the real estate development enterprises should be strengthened. If there were any illegal records, it would be more severe to suspend its issuing stocks, corporate bonds and new land acquisition.

For developers, this means that once violating the rules, they will be cut off, and a strong punishment will play a significant deterrent effect.

Statistics show that in the first half of the year, 112 A share listed Real Estate Company, which have announced interim results, have a cash flow of -783.6 billion, an increase of 37 billion 800 million yuan compared with the -405.6 yuan at the end of the first quarter, an increase of 113 billion 320 million yuan compared with the 34 billion 960 million yuan in the same period in 2009.

A total of 77 companies had negative operating cash flows, more than double the number of 35 at the end of 2009.

A number of analysts said that about 70% of the company's operating cash flow was negative, indicating that the industry was tight capital.

The regulatory policy also requires that "the liquidation and inspection of land value-added tax should be focused on real estate development projects which clearly priced more than the surrounding housing prices."

Cheng Yun believes that if all localities strengthen the implementation of this policy, they will have a greater impact on high-end residential projects, and will further squeeze developers' profit margins.

The most aggressive property tax has not been announced.

Experts say the new deal will bring the market to a wait-and-see period, and the volume may brake sharply.

Lin Qian, vice president of Beijing chain real estate, believes that the new policy will be issued before the National Day golden week, which will make the second wave wait and see quickly formed. The volume may brake sharply. It is likely to become the most "cold" golden week in recent years, and the market will return to reason again.

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A number of institutional analysts also told reporters that the introduction of the new policy will enable buyers to "take the initiative" or "passively" into a wait-and-see.

The policy on the first set of housing down payment 30%, the cancellation of deed tax and personal income tax concessions will increase the cost of housing, affect the purchase of people's purchase plan; and property tax, the increase of affordable housing will affect the market's expectations of rising housing prices, making the purchase of people voluntarily postpone the purchase plan.

Developers under the pressure of funds, or have to take promotional measures again to withdraw funds.

A number of brokerages have issued a report that the new policy to curb rising house prices is conducive to the stabilization of real estate prices. Although the property tax policy, which is considered to be a major bad property, has not yet been released, but since mid August, real estate stock prices have generally returned about 15%, which has basically reflected the expectation of the two regulation, or will rebound bottom.