Monday, November 21, 2016

Regulation where property prices will go after? Three questions about the real estate industry development

More than more than 20 cities across the country recently launched the real estate regulatory policy, an overheated housing market hit the "brake". Under the brake cooling, the market will enter "winter"? Real estate industry investment, long chain, where space and opportunity for future development? Xinhua reporters recently to research the property market, interviews with industry, academia and Government officials.

Real estate market entered a recession yet?

Real estate market entered a recession yet? Real estate investment needs at peak times ever had? Real estate in a multi game, future trends affecting nerves.

Liu shijin, Deputy Chairman of the China Development Research Foundation believes that real estate investment demand peak has passed, this is a great judgment, is a larger pattern.

The past 15 years, the annual growth of China's real estate industry with more than 20%. Compared with a national growth of real estate investment data in 2015 from 2000 year record lows for only 1%. National Bureau of the latest data showed, the first 10 months of this year, national per cent nominal growth of real estate investment 6.6%.

Said Liu shijin, 70% in urban residential areas constitute a real estate investment, its historical peak demand is 12 million to 13 million households, in 2014, has reached its peak, after the real estate investment volume is flat, and then gradually fall. Is expected in the near future time they will return to their normal state.

The industry and experts believe that the "Golden" lucrative "golden age" is over, but still in the cycle of the "Silver age".

Vanke Group Vice President Liu Xiao says China's urbanization continues, income levels increased, consumption during the upgrade, drive the core driver of the development of China's real estate market in the past have not disappeared, entering China's real estate market is characterized by rational growth of the "Silver" era, there is development potential.

Sunac Southeast Regional Corporate Vice-President Shao Jia believes that exist in China's property market cycle and small cycle, the entire cycle is the way forward, at present only in a small cycle of overheating investment.

A well-known private enterprises in Beijing area manager thought, recently launched the real estate deal could have an impact on the market in the short term, but will not affect the real estate enterprises ' confidence in long-term investment. Enterprise does not exclude the control, non-rational rose is an unhealthy state. "We believe that the steady growth of the real estate market will go down. ”

Chinese Academy of social sciences, Director of the Center for city and competitiveness NI Pengfei said that judgment based on experiences and future trends of the real estate cycle, 2-3 cycle of the real estate in China in this century. 2016 second half first half by 2017, the real estate market might usher in a short period of adjustment, administrative regulation and system reform, the Government decided to adjust amplitude and time is extended.

Also much room for future development?

Love/hate real estate. On one hand, the real estate industry on the formation of economic growth can be an important support, on the other hand, excessive speculation bubble, distort the allocation of resources, damage to industry and innovation, lay hidden for long-term economic development.

Prices rise too fast is no different from the hanging in the Chinese economy, "the sword of Damocles". Some public attention real estate trends, also discussed whether there is a housing bubble.

Hangzhou (REF) transparent House, Dean of Fang Zhang went on to say, foam lacks a scientific definition, according to rental and real estate income than these international standards, we are cordoned off. But whether or not they apply to the China market, you need to put a question mark.

But for the harm of excessive rise in prices, the industry has widespread consensus: If inflation is likely to collapse, it could trigger a systemic financial risk. In addition, the various flows of capital real estate, can also lead to invest less in the real economy, and adversely affect the social atmosphere.

Longer term, China under the background of economic transformation and upgrading, and real estate market development how big is space?

On the premise of controlling investment and speculative demand, real estate industry development space, the decisive factor is the actual requirements. At present, China's housing consumption from "House" to "good" change, future demand will depend on better housing facilities, better public services, more green, health and the quality of the environment.

"Improving demand in the city forever, people's pursuit of good House will go through a very long process. "Lewis said.

Country garden real estate enterprises in China's more than 1600 market research multiple lines of three or four cities. Maritim culture and brand management Director said, according to the survey results, three or four line demand of urban residents to improve obviously, especially for good quality, property services, community housing demand high. Current country garden projects into more than 300 towns more than three or four lines, future space remains high.

How regulated town planning?

The long-term healthy development of the real estate market, good market rules. Tame the excessive price increases "the beast", required the use of hands and the hands of the market.

Differentiation of the current real estate market trend is obvious. On one hand, and one or two hot city prices rise too fast, such as the Pearl River Delta, Yangtze River Delta and Beijing-Tianjin-Hebei region in some cities and some regional cities in the Mainland. The other hand, most urban markets of the Northeast, Northwest and southwest regions stable, some three or four cities still plenty of pressure on the stock.

China real estate Association said Zhu Zhongyi, Vice, most three or four cities to pressure on the stock and hotspots controlling price pressures exist, regulatory policies according to changes in the market to make adjustments in a timely manner, the future regulation should take into account inventory and control prices, stable development of the market.

"Classification guide real estate and town planning. "Zhongshan (REF) University College of the South said Liao Junping, head of the Department of real estate, hotspots are the control points and control prices, risk prevention, anti bubble, cities and counties continued to focus on three or four lines to inventory.

Liu Xiao said that town planning should not only from the demand-side power hinges on the supply side under the idea of structural reforms, from the supply side to establish a long-term mechanism for land, property and optimization of real estate, rental, supply of ordinary commercial housing, affordable housing and other structures.

To the North of Guangzhou-Shenzhen and other cities, Beijing real estate Association, China Li Wenjie, Chief Operating Officer of the Group recommended that revitalize the stock market growth should become a major space. "While some of the city's housing vacancy cannot be quantified, but is common in the case of vacant flats. Want optimal control policy of the Government, improve housing buyers to enter the market. ”

Experts interviewed said that future developers need new habits of consumption demand and personalized services, community support services such as business, retirement, tourism, culture, growth pattern and creating new real estate industry clusters.

Chinese Academy of social sciences, comprehensive economic research department, said Wang Hongju, Deputy Director of finance, divided in the current real estate market areas, uneven, has created a mismatch of resources, also increased the difficulty of macro-control. To promote balanced development and coordinated development in the future, narrowing the regional gap and differences between town and country, promoting the Equalization of public services, industrial scientific and rational development of urbanization, leading population movements, depending on the city develop policies for regulating the real estate, easing real estate market deeply divided situation. (Wang Youling, and Kong Xiangxin, and Yang Shaogong, and Ma Jian, and Li Qianqian)

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