How Chinese Real Estate salvation (I)

 How Chinese Real Estate salvation? (On)   Source: NetEase Finance Channel  
interview guests: Wang Jue Lin, Zhong Dajun, Huang Xingwen, Mr Cao, Fan Jianwei  Moderator: Zhang Shen   Host: Hello everybody! This is the NetEase Beijing observe channel section, the subject of our discussion today is appeared in the winter, how to treat China as well as its next trend in real estate, today we have specially invited well-known experts, scholars and representatives of real estate developers. They are: the Ministry of Housing and Urban Policy Research Center Director Wang Jue Lin CASS Institute of Industrial Economics Research Office, Mr Cao investment and market researcher, Professor Huang Xingwen Real Estate Institute of Beijing Normal University, Beijing West, general manager of your international real estate development company, Mr. Fan Jianwei, Beijing Zhong Dajun, director of Economic Research, army researchers. < ;> real estate this year, we feel the real estate industry in China entered a period of adjustment, the adjustment should be how to treat? real estate industry is not really into the winter, Mr. Wang Juelin in the urban construction department for many years, you talk about views on this matter. <> Wang Jue Lin: A simple talk about, now we state real estate, may be we are more concerned about are mainly two points: First, the price of residential growth has slowed down, and the other, compare home sales decline fast, I think, the price change is normal, because we are engaged in a market economy, also in line with the law of development of the market, the price can not always rise, and unlikely to decline, the normal floating there on the next, this in line with market law, sales decline can be said now is not normal, because it will affect market development, also affect the development of the industry. So I think it is worth studying, it should find its cause. <> I think there are a few more obvious effect of the policy term, the first is the land policy, land policy requirements are not long lasting, reduce the signs hanging in the area, but some measures, so that some enterprises, particularly in some of the original land to expand the market by Tuen, expand their business development, and certainly the difficulties encountered. <> Second, in the financial sector tend to affordable housing, small and medium size, but also to loans to enterprises there are some restrictions, there are some tendencies, especially for some short-term investment, speculative people, raising his costs. <> The third impact is the policy of housing security of our country deeper and deeper, more perfect system, because the vast majority of urban and rural residents are in low-income , we had a hope that, with a hope, hope to reach their own security policy body, so an understanding of the policy period. <> In general, the current market is the adjustment period, so it should belong to normal. <> Moderator: Deputy Director Wang said earlier adjustment period is normal, Cao Zhuren, your interview with the media before the trend made a judge, you talk about your judgments. <> Mr Cao: It should be said, from this year, real estate prices since the end of 2004 to accelerate the rise since the situation to upward trend, I am concerned over the growth rate of Beijing, in 2007 year is the highest price increase since the last one year, so the housing market is accelerating from 04 years up, including 07 in Shenzhen, just the first half rose 70%, 07 years of real estate prices rose the most crazy year, I remember Ren and many developers often mentioned, How much money can be used to buy a house, price it? is the standard way worth, if they do not have a reasonable proportion between the relationship between the theoretical price is obviously the lack of support. <> had a decade income to buy a house, and now suddenly two decades, income can only buy half a house, if most of the household income of more than 20 years, you can buy half a house, your house is bound to not sell . so some people emphasize the differences between the house itself is the product, the price of villas is always rising, but a rich one I guess we can only use a house, he could not use the dozens of villas. for him, consumption is limited, unless he buy nine sets of hands to sell, he is to invest, the investment must be found under the house. If the rich have bought every house, and then only to find your next home the poor. <> No matter how Jingui villa, it is reinforced with soil, bricks do, its value is very limited, if you make nearly the price of gold is worth more than gold even more expensive, That price is definitely not destined to be sustainable. As the price of Clivia Scoop villa, it was his view that anyone can come to accept a higher price. <> should be said that rising prices since 2004 are all virtual high, even in 2001 since the prices are high, the income of the people off the overdraft. <> Moderator: Why will appear this year, selling real estate developer, a sale? <> Mr Cao: It should be said In the rising process, the speculators will be heavily involved, for the purpose of speculators involved in access to wealth through investment, but once the trend has been reversed, in terms of the speculators, they will not buy a house and then to the hands of developers, will Housing eager to throw away their own hands, we know that Beijing is now second-hand housing market is very bad fall, the East Third Ring Road is 20,000 set last year, when there are dozens of people scrambling to buy, but this year the price has dropped to a million five-a, and still nobody cares about three months.