久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

Economy

Tougher measures to cool property

By Hu Yuanyuan (China Daily)
Updated: 2010-09-30 09:07
Large Medium Small

Increase in down payments and new tax aim to curb rising prices

BEIJING - New measures to curb rising real estate prices, including raising down payments for home purchases and expanding property tax trials nationwide, were launched on?Sept 29?highlighting the government's resolve to cool the property market.

Homebuyers purchasing their first apartment now need to pay at least 30 percent down payment, instead of the previous 20 percent, according to an article on the government's official website, www.gov.cn.

The requirement for second property purchasers was also raised to at least 50 percent from 40 percent.

Under these measures, buyers of a 2-million-yuan ($299,000) apartment in Beijing need to pay an extra 200,000 yuan in down payments - a yearly income for a middle class family.

The article, which quoted unnamed government ministries, reiterated that banks are forbidden to provide loans to buyers seeking a third property.

Meanwhile, the introduction of a trial property tax in some cities will be implemented nationwide, the article said. Shanghai, Shenzhen, Beijing and Chongqing are believed to be the first batch of cities to face the tax.

"All these measures are expected to chill the rebounding market instantly by changing expectations," said Qin Xiaomei, chief researcher with property consultancy Jones Lang LaSalle Beijing. "Potential buyers may take a wait-and-see attitude and property developers may offer bigger discounts to stimulate sales."

The measures came just two days after the ministries of land and resources and housing and urban-rural development vowed to crack down on property developers who hoard land.

The ministries said on Monday that developers who had land idle for more than a year will be banned from bidding for new land slots.

"Such an intensive launch of policies reflects the government's resolve to address high property prices, a major concern for most Chinese families," said Yi Xianrong, a researcher with the Chinese Academy of Social Sciences.

Beijing municipal bureau of statistics said on Sept 13 that the average price per square meter for apartments along the Fourth Ring Road was 34,000 yuan, but the total per capita disposable income of local residents for the first eight months of this year was only 19,458 yuan.

Real estate transactions in China's major cities showed a marked rebound since mid-August, with a number of projects increasing their prices.

According to Beijing Real Estate Transaction website, sales of future delivery housing and completed homes during the Mid-Autumn Festival were 638 units. This represented a 273.1-percent rise for future housing and a 236.2-percent rise for completed homes compared with units sold during the Dragon Boat Festival in May, one month after the government launched a series of measures to curb property speculation.

The new measures, however, also raise concerns for the economy and stock market.

Tougher measures to cool propertyJailed tycoon loses battle for Gome
Related readings:
Tougher measures to cool property Hoarding of land tackled in new rules on property
Tougher measures to cool property Central regions to enjoy favorable land policy
Tougher measures to cool property China's property prices rise 9.3% in August
Tougher measures to cool property China's Real Estate Curbs
Yu Bin, head of macroeconomic research department at the State Council Development Research Center, said the biggest economic uncertainty in the fourth quarter and the first half of next year comes from the falling real estate investment.

Currently, real estate investment accounts for 25 percent of the country's fixed asset investment.

"Plummeting property sales and prices will leave the economy facing relatively heavy downward pressure next year," said Yu.

Most economists anticipate China's gross domestic product (GDP) growth to reach 9.5 percent this year but drop to 8.5 or 8 percent next year.

Chinese equities declined on Wednesday, led by property developer shares, on speculation that the government might announce new measures to cool the real estate market.

Credit Suisse recommended "reducing exposure" to Chinese property stocks in the near term, saying a property tax would hurt real estate market sentiment and property stocks' performance, analysts led by Jinsong Du wrote in a note to clients on Sept 29.

 

主站蜘蛛池模板: 久久精品视频一区二区三区 | 亚洲欧美日韩在线观看二区 | 日韩一级一欧美一级国产 | 九九99九九在线精品视频 | 欧美日韩一区二区三区视频播 | 操她视频网站 | 香港经典a毛片免费观看爽爽影院 | 成年女人色毛片免费 | 国产三级一区二区 | 中文字幕在线播 | 国产亚洲精品网站 | 欧美亚洲国产日韩一区二区三区 | 国产成人高清一区二区私人 | 国产一级黄毛片 | 99久久精品免费视频 | 欧美一级毛片大片免费播放 | 最新毛片久热97免费精品视频 | 国产com | 男人亚洲天堂 | 国产一区视频在线 | 亚洲人成网站在线观看播放 | 久草中文在线 | 久久国产精品亚洲 | 亚洲天堂男人 | 亚洲毛片免费在线观看 | 91热在线观看精品 | 成年人免费网站在线观看 | 日韩三级黄色片 | 黄色毛片免费看 | 亚洲人成片在线观看 | 亚洲国产精品久久久天堂 | 黑人巨大交牲老太 | 国产成人91高清精品免费 | 日韩三级在线免费观看 | 亚洲成人一级 | 高清欧美一级在线观看 | 一级毛片黄片 | 久久高清影院 | 色精品一区二区三区 | 久久久久久久久一级毛片 | 手机看片1024久久精品你懂的 |