Shanghai property market heats up crazily the government revokes the housing authority and urgently calls for a halt to land sales the government revokes the housing authority and urgently calls for a halt to land sales october19,2015
[China paint information] recently, when Han Zheng, Secretary of the Shanghai municipal Party committee, presided over the cadres' meeting of Shanghai Construction and transportation system, announced that he would revoke the urban and rural construction and Management Committee and the housing security and housing administration, It means that Shanghai has no Housing Authority since then. The wave has not yet subsided, and the heavy burden has come again. In recent days, Shanghai has urgently suspended the transfer of land for the five expressways. Shanghai's property market, which has been soaring all the way this year, has experienced this "change" in just a few days, which means that the regulation has begun...
Shanghai has abolished the housing authorityOn October 9, Han Zheng, Secretary of the Shanghai municipal Party committee, presided over the meeting of cadres for the construction and transportation system in Shanghai, announcing that Shanghai would abolish the urban and rural construction and Management Committee and the housing security and Housing Administration Bureau, The responsibilities are integrated into Shanghai Municipal Commission of housing and urban rural development (hereinafter referred to as "housing and urban construction"), and housing and urban rural construction and Shanghai Municipal Commission of urban rural construction and transportation work together. In other words, there will be no Housing Administration Bureau in Shanghai, and housing and transportation will be closely linked as two parts of the overall planning
as for the intention of revoking the Housing Authority, Han just said: "Shanghai, as a mega city, has its own characteristics in the development of the real estate market, but the house price in Shanghai is still high. If we do not adhere to regulation and control, it will affect the sustained, steady and healthy development of Shanghai economy and weaken the competitiveness of the city."
on the surface, there is no obvious logical relationship between the cancellation of Shanghai Housing Authority and the proposal of housing price regulation, but Han Zheng's proposal that "there is still no turning point in housing price regulation for basic metals and precious metals" is indeed an urgent matter. Previously, "We should not only help our partners to make international first-rate products. China's economy has reported that in the first half of this year, with the overall recovery of the real estate market, the transaction value of high priced buildings in the first tier cities of Beijing, Shanghai, Guangzhou and Shenzhen increased significantly. Among them, 2967 buildings with a total price of more than 10million yuan were sold in Shanghai, with a year-on-year increase of 150%, which is the highest in the first tier cities. The sales in the luxury residential market in Shanghai continued to rise, and the transaction in August was the most exciting for real estate practitioners According to xuzhijing, analyst of Tongce consulting and research, the turnover of Shanghai real estate market reached 1.2458 million square meters in August this year, and the sales reached a high of more than one million square meters for four consecutive months, becoming the "strongest" August since 2010
the hot real estate market is not a problem. The real problem is that the hot real estate market in Shanghai is only "the luxury housing market circularly lubricates all moving parts". The supply of land for small and medium-sized ordinary commodity housing has been significantly reduced, and the structure is unbalanced, unreasonable and unscientific, which is a serious obstacle to economic development and the improvement of people's living standards. In secretary Han's speech, One point is "to the point": "At present, there are two structural problems in Shanghai's real estate market: excessive investment growth and ownership of office and commercial housing; a serious shortage of small and medium-sized commercial housing, especially the contradiction between supply and demand of small and medium-sized commercial housing in the market-oriented new commercial housing. For such problems, the official explanation given by Shanghai is that the land supply in Shanghai is unreasonable, and the land supply of small and medium-sized ordinary commercial housing is significantly reduced, which may also be a decision." An important incentive for the removal of the housing authority. Therefore, for the newly established housing and Urban Rural Development Commission, the important task is to study and formulate binding measures to adjust the land transfer structure under the condition that the land supply remains unchanged. "
the abolition of the Housing Authority in Shanghai this time has led to a wide variety of opinions in the society. Some people say that it is a good thing to simplify the organization and strengthen the functions; It is said that integrating housing management into urban construction can make overall planning more reasonable; Some say it has no direct effect. However, no matter what actions Shanghai will take in response to the real estate market in the next step, we will follow Han Zheng's speech at the meeting: "we must be firm and determined to reduce the dependence of economic growth on the real estate industry. We must remain determined. We must not adopt short-term stimulus policies to alleviate the problems of one place at a time, and we must be responsible to the citizens and the future."
Shanghai stopped selling five pieces of land in three days
as mentioned above, Shanghai's regulation of the real estate market is bound to continue after the abolition of the housing authority. Minhang has temporarily cancelled land promotion, many land transfers have been suspended, and management institutions have been greatly integrated... The land market in Shanghai has recently begun to "change". According to media reports, on October 12, plot D7 of xinjiangwan City, Yangpu District, a highly anticipated plot for transfer, received an unexpected notice: the transfer activities were suspended. In addition to Yangpu District, from October 12 to October 14, the transfer of land in Songjiang, Qingpu and Jiading districts was suspended. At the same time, the investment promotion and promotion meeting for commercial land in Minhang District in the autumn of 2015, which was originally scheduled to be held on October 16, was told to be cancelled
according to the index of China Index Research Institute, the average price of newly-built commercial residential buildings in Shanghai rose to 35500 yuan/square meter in September, an increase of 11.27% year-on-year. According to the data of Shanghai linkhome Market Research Department, the trading volume of commercial residential buildings in Shanghai during the past "11" golden week was 113200 square meters, a year-on-year increase of 62.37%, a new high since 2011. In a good situation, Shanghai's recent series of "raids" can be described as pouring a "deep chill" on the hot real estate market
it is reported that yinbocheng, director of the real estate research center of Fudan University, regarded this "auction suspension" event as a clear statement of the Shanghai municipal government on the regulation of the real estate market, "I just want to tell you that more small houses with an area of 80-90 square meters can be built, and luxury houses with an area of more than 200 square meters are often not approved. Recently, residential land in Shanghai has basically been traded at a premium. Land prices have risen, and developers and buyers will have psychological expectations that they will 'rise again'. This round of land transfer has been called off, and the government has a clear determination to regulate and control.
the market supply cannot be" one-sided hot "
according to the data released by E-House Real Estate Research Institute, in September this year, the land transaction area of China's top ten typical cities, including Beijing, Shanghai, Guangzhou and Shenzhen, increased slightly, and the land transfer fee reached a new high since 2014. The income from land transfer fees in 10 major cities was 101.5 billion yuan, up 89.7% month on month, 63% year on year, a sharp increase over the previous month and a new high since 2014. The real estate market in the first tier cities is rising alarmingly. It is impossible for the Shanhai municipal government not to realize the seriousness of this "one head fever". Yin Bocheng said that "the house price in Shanghai can not rise, it can not rise too fast. As long as the city center rises a little, the regulation is successful. The rise of land price will naturally promote the expectation of future house price rise, so the land price must first be stable."
the urgent suspension of land auction is nothing more than to stabilize the land market. At present, the investment in office and commercial housing in Shanghai has increased too much and the amount of ownership is too large; The supply of small and medium-sized commercial housing is seriously insufficient, especially the contradiction between the supply and demand of small and medium-sized commercial housing is prominent. For such problems, the official explanation given by Shanghai is that the land supply is unreasonable, and the supply of land for small and medium-sized ordinary commodity housing is significantly reduced. From this point of view, only after the land market returns to rationality, can the government further regulate the imbalance of the property market structure