2015-01-22

Buying Restrictions End in Sichuan With Real Estate In A Deep Freeze

Yesterday I posted Latest RE Bailout: Shaoxing Offers Subsidies. Now Sichuan has ended buying restrictions and Beijing's buying restrictions are being debated.

In Sichuan, all buying and price restrictions are canceled. iFeng: 四川楼市全面取消限购限价 购房落户政策将放开
According to Sichuan Provincial Housing Department expressed an insider, the above measures are in accordance with the needs of the market-oriented reform, the real estate market to adjust itself. In addition to the purchase and price restrictions being canceled, policies such as in Chengdu, 90 sqm home purchase settlement policy in the future will be gradually liberalized. 2014 was the most difficult year the property market, but according to market test data, sales data by the end of 2014 has gradually picked up, housing prices back to life, the investment in the next round but also confident, 2015 Sichuan property market will pick up.

National Real Estate Managers Union Sichuan Branch Secretary Xu Ho to the "Daily Economic News" reporter, said, "Now the government does not want the real estate bust situation continues, after deregulation will promote the improvement of the type of demand, but the introduction of new financial policies need to be . "

Mao Daqing of Vanke and the Chinese People's Political Consultative Conference says Beijing should end buying restrictions on properties priced below 50,000 yuan/sqm. iFeng: 政协委员毛大庆:提案放开北京5万以上住宅限购
Mao Daqing, in an interview with People's Daily reporter said, Beijing increasingly high land prices make him uneasy, Beijing the next few years is likely to enter ordinary residence "is luxury" of the embarrassing situation. Based on this, he suggested that the government should first try to release the price of yuan / square meters of residential price controls, and also appropriate to relax the purchase of 50,000 yuan / square meter and above residential restriction policy, and the establishment of an early warning mechanism to guard against financial risks.

And in the land transfer, Mao Daqing think it should be adjusted as soon as land transfer. Reduce the amount of land transfer listed, but should take a more tender to sell the form, thus avoiding extremely high land prices caused some developers too irrational bidding.

China's property market no longer 'red hot but deep cold'
"China's urbanisation-led growth is almost coming to an end. Very little money is going into buying new land and building new buildings because so many buildings have been built," said Zhang Xin, chief executive and co-founder of real estate giant SOHO China.

"Real estate has moved from red hot to deep cold. This is the cold, cold sector of the economy. No money wants to go into real estate," Zhang said.

"Developers like me which used to spend so much time buying land and building buildings, now are also moving on the consumption side," she said.

That means finding more creative ways to rent out office space, for instance.

"Can I come up with a new product that can suit the new generation, the mobile generation?" she said.

No wonder Chinese Real Estate Investment Contracts in December.

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