Sunday, December 26, 2010

Two ready to come before the Real Estate Deal

 New Deal real estate ready to come before the two
2010-3-2 Daily News
in the huge public appeal, the parties to respond to public opinion .2 27, the Prime Minister received the Chinese government real estate network, Xinhua Net interview to great lengths to mention the real estate market, real estate Troops Deal.
Premier Wen said, healthy development of house prices can be maintained at a reasonable price. to buy housing and improve the nature of space. because of our situation, we should focus on low-cost and small dwelling size, the government's responsibility is mainly in financial and taxation on land and support. Third, to curb speculation and housing investment, mainly by economic and legal means. Fourth, to manage the market. The Government has the responsibility to manage the real estate market, that is, not according to those who enclosure, cover plate reluctant sellers, driving up prices of illegal acts punishment.
these four measures is to build the real estate market four pillars. in short, to keep two balance: affordable housing and housing equilibrium in the balance of commercial and general ; inhibited investment and speculative housing, mainly to the economic and legal means, including taxation, monetary instruments and essential; punish the destroyer of the market order.
affecting the surface before the introduction of major initiatives, some have introduced more stringent means of trying to market reaction. First, the disposal of idle land around the increasingly strict. latest introduction of Guangzhou transfer or allocation of land price will be 20% of cost of idle time charge, idle land value, developers have to pay the 3 percent, 7 discount rate has become a local real estate policy to protect the supply of housing sites in the whole range of land. more than 50% of new construction and acquisition of various types of housing policy the city's total new housing starts more than 50% of copy number.
New Deal real estate, in contrast, focuses on the type of housing built protection against illegal activities, from the tax credit on encourage small condominiums. curb speculative investment buyers is to improve the current mortgage costs and increase transaction tax, as property tax and other taxes to be holding two sessions reveal the answer.
inhibiting investment, the speculative stumbling block encountered by the vested interests obstruction in the tax. inhibit investments, speculative buyers are less people and more natural resource-poor country's inevitable choice. the best collection of property tax for the financial means, which will face enormous obstacles. grasp of real estate resources for people lobbying to the public that the property tax is a property of all persons deprived of property owners, so far, against the property tax on the network the most righteous voice to come from owners of property rights protection. more timely disclosure of information, the more declared in advance for the attention of property rights, the more general protection of the interests of property owners, the more able to resist the invasion of vested interests under the guise of populism.
rumors would stop a wise man, beyond the information public panic, a sense of security based on the law trust. do not have three points, any initiative launched by the Government, even in the public benefit, it will also face tough questions. People do not read minds, not through the interpretation of expression of officials gain confidence, a sense of security only through the system can .
increase the protection of the type of housing is the biggest obstacle to local government. local government by selling access to public expenditure of funds to finance a large part of the reason why the developed coastal regions in 2010 to about 50% of the local government investment to protect the type of housing land, is because the red-hot real estate market in 2009 guaranteed source of income, while the central and western regions can not complete the security plan, can only expect more central funding. If local tax problem is not solved, the real estate taxes will be caught in the housing support local governments to raise taxes and real estate cycle to protect the type of housing, real estate, hot to cold, cold look forward to hot, endless, without the Board.
normalization of real estate, real estate market with China linked to structural reform of taxes, and local governments through consumption taxes through business to survive, the local government to get rid of real estate, real estate is no longer a prerequisite for economic opium.
not say that the local government revenue not free from the land, there are more and more coveted large monopoly profits in real estate, real estate industry reached the last day of December In 2009, China Telecom's announcement Zhongwei Guomai, after completion of the reorganization will Zhongwei Guomai China Telecom's integrated land resources and real estate development business platform .12 27, China Life said that plans to use 4.5 billion yuan to subscribe for Ocean Land issued 934 million new shares, becoming the second largest shareholder of offshore real estate. And China Southern Airlines, Hainan Airlines , banks, City investment company, clamoring to get into the real estate market.
National Bureau of Statistics tells us why: December 25, 2009, the National Bureau of Statistics released the results of the second national economic census show that in 2008 real estate Company main business income of 3.05865 trillion yuan, 107.5% increase over 2004; real estate companies 3.30524 trillion yuan paid-in capital, operating profit of 386.13 billion yuan, respectively, an increase of 123.2% over 2004 and 290.4%. not to mention the chain of real estate interests the phenomenon of corruption that exist.
Sunshine of the real estate market is the rationalization of the real estate market, the premise of the market. Realizing the New Deal real estate is a great idea, not only tax reform, with economic restructuring must also be curb chain interests who control the resources the government, developers, banks, greed.
Note: busy day in the evening during the financial Sharon, are you picking on a little confidence in the euro, the pound suddenly fall? Could Soros Fun pounds again?
real estate on the National Bureau of Statistics last week, has a special article, the magazine is not published, are published shortly.
recently for a series of ideas the Chinese economy, will continue to share with you. Overall , this year not worried about inflation, worry is similar to other places Xintai waist belt tied to the selection of network officials, fearful of the pole, this force will destroy the future of China.

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