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Guang-Yuan Mar: around 10% of the property market going through the motions against the control target is realistic

Zhong Guangwang Beijing March 30, according to the voice of The goal of this price control, which is Beijing finally broke the silence: that efforts to increase housing security, low-cost housing as the cities, public rental housing security was significantly improved, the new general housing prices flat to down compared with 2010.
released in January this year, New housing price control targets, and to the public in a quarter.
So far, several major cities of the control objectives have been released,[link widoczny dla zalogowanych], which,[link widoczny dla zalogowanych], Guangzhou, Shenzhen,[link widoczny dla zalogowanych], Shanghai and so on that year's increase is lower than the city's GDP growth and per capita disposable income of urban residents increased.
tomorrow is the last day of term, there are still many cities have not been released control objectives. Beijing is the only one to sing down
Ye Tan: As a matter of fact in the previous government introduced regulations requiring local time, there are some indicators linked with the national economy, this argument, so now we see that the local government is basically a local GDP per capita disposable income, or linked, then there prices can only rise and not fall so a strange phenomenon, if Beijing's housing prices steadily dropped and the introduction of this is considered good, but in the end reduce the number of specific facts , we also know that it is more difficult to control things, but from the local government point of view, we are afraid, linked to disposable income, then its data, its index must be refined to make planing to get rid of inflation , and the wealth gap are taken into account, otherwise I am afraid the real estate really more stressed higher.
and Guang-Yuan Mar financial commentators is that around 10% of the control objectives not just in going through the motions, and contrary to the basic tone control, contrary to reality.
Guang-Yuan Mar: other places we see a basic idea is to price control objectives linked with the growth of GDP, and population growth rate of disposable income to be linked, so a large number of introduced the control of the city's housing prices are about 10% of target, 10% mean? 2009, when we know that price increases are 1.5, 9.9 National house prices rose last year, that in 2009, 2010, housing prices skyrocketing in the last two years have not reached 10%,[link widoczny dla zalogowanych], if we put the house now prices rose 10% target set, it means to be repeated before a crazy, so I think both from a policy point of view or from the starting point of the reality of rising house prices, then look to about 10% as a price control The goal is not just going through the motions, more importantly, is contrary to the country ten years from the regulation of our real estate a basic tone, but also violated a basic reality.
Beijing to society has not issued a response goals for the city can play a benchmark role? Ye Tan concluded that although Beijing is a wind vane, but this should not happen.
Ye Tan: For other cities have some psychological effect, but I think that would not have made many cities to emulate Beijing have steadily dropped in such a goal, from the current situation look great Most of the local government or a steadily, as long as disposable income increases, then prices will continue going up.
building housing the Department recently issued a circular requiring local implementation of the , as appropriate, adjust the control objectives have been published. Notice of the Ministry of Housing and Urban convey what signal?
Ye Tan: I want to live the Ministry of Construction is in fact this practice has been introduced in the local government to amend the regulatory objectives, the local government if it is issued in accordance with the current target price is probably 2011 steadily, and not only is a small rise,[link widoczny dla zalogowanych], basically disposable income increased in the past two years about 10%, which means that house prices this year will rise about 10%, then the real estate bubble is not containment, so it must be through the hearings or by other means to promote local governments currently rising real estate prices to come down this trend.
in the first quarter drawing to a close, the price trend in 2011 would be like? Ye Tan pointed out that regulation has had a significant effect, but lead to the introduction of targets around the sides of wait and see posture.
Ye Tan: From January, February and March if the demand point of view, especially the first-tier cities of its trading volume dropped significantly, control has seen a more obvious effect, then the volume if It continued to plunge in the price of the property will go down, but from now on to see where the target announced by the Government would give the current real estate market into a needle injections, which means many developers with the local The Government will continue to look at the situation, not easily to real estate prices go down, but wait until the situation is looked at again, this way there may be years when the volume of the emergence of a rebound, once the rebound, then the price The downside is impossible.