Land Ministry Delineated 105 Cities To Monitor Abnormal Land Pactions

According to the twenty-first Century economic report, the reporting mechanism for the "abnormal situation" of local land pactions has been launched. All land pactions with a premium of over 50% or high unit prices need to be directly reported to the Ministry of land and resources through the land monitoring system.

The 105 cities that were listed as "abnormal situations" were listed in the "two or three cities" of Hefei, Nanjing and Suzhou.

In twenty-first Century, the economic report said that the local government should not only fill in the information about the land parcel but also report the completion of the whole year's land supply plan and the completion of the affordable housing land, as well as the ratio of the regional land price and the housing price, and the year-on-year data.

The Ministry of land and resources issued a notice in the evening of December 19th, requiring the provincial and municipal land and resources administrative departments and the State Land Supervision Bureau stationed in the region to take effective measures to strictly implement the real estate supervision and control policies and measures, crack down on illegal activities such as land speculation and idle land storage, and resolutely curb the excessive rising trend of land prices in a small number of cities.

Yang Hongxu, Minister of comprehensive research of Shanghai Yi Ju Real Estate Research Institute, said that the "notice" of the Ministry of land and resources in December 19th may be just the beginning.

Chou Baoxing, Vice Minister of housing and urban rural development, wrote in the latest issue of "finance and economics" that the real estate regulation should focus on two aspects.

First, we must achieve two synergies, that is, the coordination between departments and the coordination between the central and local governments, so that the real estate regulation will form a "vertical and horizontal" linkage between the central departments and the central and local governments.

The two is the combination of real estate regulation policies.

The real estate macro control policy "toolkit" can include land, finance and taxation, and financial policies. The supply of indemnificatory housing includes a series of measures such as increasing the proportion of compulsory housing and controlling measures, and giving different local government toolkit according to the development of different regions and real estate market, so that the macro-control of real estate is more flexible and targeted.

Chou Baoxing also admitted that China's real estate regulation is more difficult than any other country.