32 Cities Have Selling Restrictions

iFeng: 全国32个城市楼市“限售” 调控效果比房地产税厉害?
According to the Centaline Property Research Center statistics show that the 32 "restricted sales" cities are: Chengdu, Xiamen, Fuzhou, Qingdao, Hangzhou, Guangzhou, Zhuhai, Huizhou, Yangzhou, Changzhou, Changle, Minhou, Xushui, Qidong, Baigou, Sanya, Qionghai, Jiaxing, Chengde, Baoding, Beijing (Baoding, Beijing, etc. are part of the restrictions), Haikou, Dongguan, Xi'an, Jinan, Zhengzhou, Gaobeidian, Wuhu, Kaifeng, Nanjing, Wuxi, Changsha.

ChiNext Analog


Third and Fourth-Tier Urbanization a Vision, Not Reality

Urbanization follows Zipf's law, such that large cities do not grow slower than smaller cities.
iFeng: 姜超:三四线城市化或仅是一个美好的愿景
Can the population gather? From the experience of urbanization in the United States and Japan, the population continues to gather in large urban areas. The United States since the 1950s, 50,000 - 25 million people in the metropolitan area population is basically stable; and more than 1 million population of the metropolitan area population proportion from 26% to 56%. The proportion of the population in Japan's population concentrated increased from 43% in 1960 to 67% in 2010, and the population continued to gather in the three metropolitan areas. After 1973, the population shifted from "three poles" to "one pole" to Tokyo. The population of the city is subject to Zipf's law, that is, the population of the Nth-largest city in the country is the first urban population of 1 / N, which means that the scale effect completely compensates for the marginal cost increase, and the growth rate of the big cities is not much faster than that of small cities SLOW.

i09: A mysterious law that predicts the size of the world's biggest cities

iFeng: 樊纲:中国目前应主要发展大城市 而非小城镇
China (Shenzhen) Comprehensive Development Research Institute, said Fan Gang 20, urbanization is the migration of people, we have to study the laws of human behavior, China in the current stage the main development should be large cities, and not small towns.

...Fan Gang said that in our current stage of development, should be the main development of large cities, but not a small town-based. The land gave a small town, big city man-made limit, the last is today's results. Big cities, small cities polarized, big city prices, prices soared, small cities (houses) can not sell, because people do not go to small cities.

...For some small cities in Western countries, the existence of a large number of facts, Fan Gang said that small cities and towns in Western countries are often small cities around the city, belonging to the metropolitan surrounding large urban agglomeration, urban small cities , with rail transport, an hour, a Half-hour to work within the region, belonging to the urban agglomeration, urban areas of the part; these small towns did not die, because the European countries, the process of industrialization is very slow, 100 years, 150 years of several generations of talent to complete the industrialization. The young man has not gone, the retired man is back. Retirement is the first person to go back with high income, the second is to go back with social security, the third is with a lifetime of modern city life experience back, he went to transform the old house, some modern things back That small town, that small town has developed, they retired without having to go to the city crowded bus, so the development of small towns.

Different from the Western countries, China and Japan, South Korea and other late countries in just a few decades time for rapid industrialization, in one or two generations of time is the main population concentration, and less population flow. At this stage the rate of urbanization and greater urbanization tends to be higher. This is not what we do wrong, but the development stage is different, the development of different characteristics. The experience of the development of small towns in Western countries shows that small towns are not without opportunities for development, but not in the early stages of urbanization .

Fan Gang said that in this context, we think about the fast industrialized countries, in the present circumstances, no one back to the case, probably a lot of small cities now work is to protect the environment, protect the environment, protect the culture, protect the good Old house, the future can develop, but need a process.

Baoding: Can't Sell Land for 10 Years

Developers will be unable to sell land won at auction for a decade under new rules in Baoding. The maximum price for land is 11 million yuan / mu. Maximum home price 13,000 yuan/ sqm.

iFeng: 全国最严!保定买房拿到房产证后10年内不得买卖

ECNS: Restrictions to curb housing speculation in more cities
A 10-year ban on housing transactions in Baoding City, North China's Hebei Province, made the national headlines on Monday, following a series of moves nationwide to cool the property market.

Regarded by insiders as the toughest restriction on house purchases in China, the regulation requires buyers to hold properties for at least 10 years, the longest restricted period on property trade so far, after they receive a real estate certificate.


Beijing Converted Apts: Transactions Down 99pc, 6 Trillion Yuan Frozen

It seems like there are no transactions in Beijing's housing market, and developers keep quiet out of fear reads the headline.

Developers are used to playing on the edge of government restrictions, but the restrictions on converted apartments and credit tightening have
iFeng: 冰封的北京商住:新政后几乎零成交 开发商噤若寒蝉
With the residential function to digest the commercial inventory, which is the developers over the years are very familiar with the "edge of the ball-style" play. However, the sudden commercial and retail restrictions on loans to let everyone caught off guard.

According to the March 26 Beijing Municipal Construction Committee issued by the commercial project control policy requirements: commercial project minimum division unit shall not be less than 500 square meters, shall not be allowed to change the use of residence and so on. Development enterprises under construction (including in the sale) business projects, not sold to individuals. Where a second-hand commercial project has been sold for sale to an individual, the buyer is required to pay the full amount in addition to satisfying the residential purchase request.

Recently, the "China Business" reporter visited Beijing's largest "coverted" community in Zhonghong Xiangsu found that this once vibrant young community with nearly ten thousand sets of commercial and residential homes, has almost overnight turned into a depression. Today, the intermediary stores have closed, many restaurants, supermarkets, cafes, etc. also closed.

Centaline real estate chief analyst Zhang Dawei told reporters: "In the past few months, Beijing business class property monthly contract are more than 3000 sets, a little more than a month after "3.26" buying restrictions, the market turnover fell by 99% , almost close to zero turnover, more than 6 trillion yuan of funds in Beijing is completely frozen.

"420,000 yuan deposit I have received, waiting to register the property!" Ms. Wang said that the vigorous and resolute she never imagined in this metaphor on the face of her more vigorous and resolute commercial and commercial purchase policy.

"Would like to sell the house that set of business, just to the school district to save a down payment." In two years, Ms. Wang's son will go to primary school. Although Beijing to fully limit the commercial and commercial rumors have heard, Ms. Wang is still very confident of their speed of action.

This is located in Chaoyang District Beiyuan for sale of housing soon to attract a few buyers to come to the government - in 2013, Ms. Wang to 1.6 million price loan to purchase, in order not to be possible future limit Credit policy, she also "vision" to use their own mother's name.

The final price of the transaction was finalized at $ 2.6 million. A buyer soon signed a contract with her and paid a deposit of 420,000 yuan. It is unexpected, is the history of the most stringent business protection policy introduced, so that both Ms. Wang and buyers stupid. Buyers lost the purchase qualification with the Ministry of Housing and Urban ordered to stop the network signed, this set of hottest commercial housing and smashed back to Ms. Wang's own hands.

"What is the purchase, is simply banned ah!" Ruins returned after the deposit of Ms. Wang secretly analysis of their own house has become a hot potato, shot hope is slim. "Even if the release of the network again, it is estimated that the price should drop about three percent."

"3.26" limit the purchase of loans to the Beijing commercial and commercial market hit immediate. According to the chain of the Institute of the conservative estimates, such as Ms. Wang this dilemma "in the way" the number of groups up to 10,000 or so. May 9, chain home group, said the number of commercial stores closed has reached 44.

In Beijing pixels, have been the owner of the price of millions of houses unsuccessful news spread out. There are some plans to rent in Beijing, seeking friends, because there is no intermediary to help, coupled with the district now "illegal" housing in most formal channels have been unable to show, had to secretly in the subway and the district posted a small Advertising, or resort to social networking sites and other marginal channels to publish rental information.

Open Douban "Beijing rental" group, enter "Xiangsu" (像素) and other keywords can be seen, since March 26 more than a month since the time, the number of rentals and looking for rentals posts number in the hundreds. Which is not difficult to see some of the transfer of the battlefield of the intermediary figure.
Developers are also having trouble selling properties, and the article says there are about 600,000 properties built over the past 10 years which are affected by Beijing's various restrictions, among them 450,000 converted apartments.

Buyers are also becoming more cautious.

iFeng: 北京“3·17新政”两月考:“买房者已不敢出手”
"China Times: chinatimes" reporter visited the Chaoyang District, Beijing Shuangjing, Dawang Road, Baiziwan and other regions also found that since the "3.17 New Deal" since the Beijing housing transactions there has been an unprecedented 7 weeks continuous decline, in April some stores saw sales of almost zero.

"Now, the seller can talk about the price, down a 100,000, 80,000 is not a problem." An intermediary sales staff told reporters. "3.17 New Deal" disrupted the buyers, the intermediary of the established plan, making mediation reshuffle, buying and selling stalemate. Chain family official online display, from March 22 to May 15, is located in the Huilongguan a sale of housing prices after several down, the total price from 5.0 million to 4.6 million, but has not yet traded.

...Thunder fist down, Beijing's commercial housing into the frozen period. In the commercial and residential projects - Taihe Central Plaza sales hall, in addition to duty on the front desk and security, empty. "At present, this area did not live any people, very lonely." Responsible reception staff admitted that this situation lasted for two months. Reporters then visited the focus on the Beijing Wuhuan outside the shops, the scene is also deserted.

In addition, the financial regulation is to curb the real estate market life door.

Beijing Banking Regulatory Bureau, the latest data show that the size of mortgage loans and the number of mortgage approval both significantly reduced. Such as the second week of April to the fourth week, the jurisdiction of the commercial banks to issue personal housing loans totaled 15.328 billion yuan, the average weekly ring down 20%; individual housing loan approval number were 4456, 3944, 3188, Down nearly two percent. Since the "51" after the holiday, a number of banks in Beijing to cancel the first suite interest rate concessions, two suites are the benchmark interest rate floating 20%, more than 25 years of housing loans also ceased approval. "The Beijing real estate feast is no more." Gu Haibo sighs.


Deflation: Interbank Market Lending Contracts

Caixin: Regulator Wins First Round in Clampdown on Interbank Fundraising
In the second week of May, the net amount of funds that banks raised from selling negotiable certificates of deposit (NCDs) was a negative 107.3 billion yuan ($15.6 billion), meaning they paid back more than they borrowed, according to Wind Information, a financial data provider.

That’s the biggest weekly shortfall in net issuance since China introduced interbank NCDs at the end of 2013, and the third straight week of redemptions exceeding new issues, the data show. The amount of outstanding NCDs fell to 7.7 trillion yuan as of May 18 from 7.9 trillion yuan at the end of last month, set for the first monthly drop since November, according to Wind.
Unless there's credit growth elsewhere in the economy offsetting this contraction, the economy will slow later this year.

Value of South China Sea Increases After Combustible Ice Extracted

Phys.org: China, Japan extract combustible ice from seafloor
Combustible ice is a frozen mixture of water and concentrated natural gas. Technically known as methane hydrate, it can be lit on fire in its frozen state and is believed to comprise one of the world's most abundant fossil fuels.

The official Chinese news agency Xinhua reported that the fuel was successfully mined by a drilling rig operating in the South China Sea on Thursday. Chinese Minister of Land and Resources Jiang Daming declared the event a breakthrough moment heralding a potential "global energy revolution."

MoH: Developers Must Begin Advance Sales Withing 10 Days of Approval

iFeng: 住建部:房企取得预售许可证后十日内应全部公开销售