Keywords: crazy
2005-2007 Wuhan average price of commercial real estate transactions map
December 12 is Japan's "Kanji Day", the Japanese Kanji Ability Determination Association, in accordance with the customary Kiyomizu Temple in Kyoto, announced that enough to reflect this year, the human world! The Kanji Association of Japan announced at Kiyomizu Temple in Kyoto, as is customary, the kanji characters that reflect this year's human events. If we were to choose a Chinese character to represent China's property market this year, I believe that most people would choose the character "涨" without hesitation. Wuhan's property prices have also risen, from the former "price depression" in central China to the highest in the central region. Statistics show that in November 2007, the average price of commercial housing transactions in the main urban areas of Wuhan 5562.49 yuan / square meter, Wuchang and Hankou central area of the average price of residential units has exceeded 6500 yuan / square meter.
This time in the country's 70 cities in the race of housing prices, what is driving the rise in Wuhan housing prices? In the eyes of many Wuhan people, the rise in housing prices in the past two years, there has been a pain in the skin: the more the wallet is covered the more dry, the more the house waits the more expensive. After March this year, Wuhan residential market volume and price rise, so that the people's decision to buy a house than ever to be decisive. Wuhan real estate market is so hot, whether there will be a bubble exists?
Industry insiders say, in China's successive periods of rapid economic growth, Wuhan's economy has been lagging behind coastal cities, the long-term low prices is also because has been limited by the consumption capacity of Wuhan people. Unlike the Yangtze River Delta, Shenzhen region, the rise in housing prices in Wuhan, Wuhan, this rise in housing prices, because of Wuhan and the huge gap between first-tier cities, to provide space for the rise in housing prices; on the other hand, more and more foreign developers to enter the Wuhan, the price of the primary land market continues to rise, but also to raise the cost of development of real estate; and above all, with a set of control policies are one after another by the market The most important thing is that with one set of control policies after another have been "softened" by the market, the rise in housing prices, so that the once-suppressed demand for housing is focused on the release of the stock market to buy up not to buy down the same psychology, buyers scrambled to enter the property market for fear of being constantly refreshing the prices of housing "thrown out of the" market outside, and gradually farther and farther away.
In the case of rising home prices, it's hard to see whether home buyers are purchasing for investment or self-occupation, or both. But rising prices in Wuhan will be a constraint on the city's competitiveness in the future. Compared with several major economic development regions in the country, Wuhan's house prices are relatively low, which is also an opportunity for Wuhan's development. And when the gap between Wuhan's housing prices and those of first-tier cities gets smaller, and the cost of foreign companies entering Wuhan becomes higher and higher, the competitive advantage brought about by the growth space between Wuhan and first-tier cities will shrink. Therefore, to improve Wuhan's future urban competitiveness, and not simply to pull the house prices to support, more need to Wuhan's geographical and transportation advantages, to drive the development of advantageous industries, in order to truly enhance the value of Wuhan's city.
Keyword 2: foreign home buyers
News link of Wuhan: 40% of the commodity housing was bought by outsiders
Wuhan has been the main local residents of the property market, due to Wuhan's location in the central part of the city as well as Wuhan City Circle to speed up the integration of the province and the proportion of provincial homebuyers is rising. Recently, according to the report, in the first half of Wuhan *** turnover of commodity residential 41,348 units, of which local residents individual purchases accounted for only 59.82%. The rest were bought by outsiders: 26.48% by individuals in the province; 13.62% outside the province; and 0.08% outside the country. The average price of commercial properties purchased by people outside the country was the highest, with the average price going to 5,427.92 yuan per square meter. (According to Chutian Metropolis Daily)
Wuhan should have the ability to absorb foreign home buyers
Wuhan's real estate market, the local purchasing power is getting weaker and weaker, and this situation is also reflected in the statistics. 2004, Wuhan's local home buyers as high as 90 percent in 2005 fell to 71 percent, and last year even fell to 64 percent. In June this year, the proportion of local buyers in Wuhan fell to a record low of 58.74%. At present, Wuhan real estate market, the proportion of foreign home buyers has exceeded 40%. According to this analysis, the current real estate market in Wuhan, Wuhan, Wuhan, local residents of the purchasing power has become saturated, as prices continue to rise rapidly, this saturated trend in a fairly long period of time, will not undergo a fundamental change. And generally high-income foreign home buyers, will be more able to afford high prices in Wuhan.
The economic boom is the strongest confidence guarantee to support foreign home buyers investing in Wuhan, making the Wuhan real estate market favored by foreign buyers, especially for those who work or live outside Hubei customers, or once studied, lived and worked in Wuhan customers with great attraction: retirement type home ownership, settlement type home ownership (currently working abroad but intend to return to Wuhan or have returned to the settlement group), vacation type home ownership, and due to the Wuhan settlement group. ), vacation home buyers and mobile home buyers due to changes in workplace (e.g. Foxconn effect), which constitute the new force in Wuhan's property market.
Keyword three: macro-control
Experienced the baptism of policy in 2006, 07 years of high-speed development of the real estate market momentum unabated, as the wind vane of the control of housing prices, is still soaring. Therefore, in 2007 to improve the structure of housing supply, the task of stabilizing the operation of housing prices is still very difficult, especially the task of curbing overheated investment in this year's control is particularly prominent. In view of this, the government this year, a series of policies gradually hardened, unprecedented increase in the intensity of control, the government's intervention in the real estate market is increasingly strengthened.
The central bank raised interest rates six times this year with good intentions
. Financial and credit policies
a. 2007 central bank raised deposit-type financial institutions RMB reserve ratio
Policy content: between January and November 2007, the central bank **** nine times to raise deposit-type financial institutions RMB reserve ratio, the last time after the increase, deposit-type financial institutions RMB reserve ratio reached 13.5 percent.
Policy impact: Its purpose is to strengthen the liquidity management of the banking system, inhibit the excessive growth of money and credit, and reduce credit risk.
b. 2007 Central Bank Increases RMB Deposit and Loan Benchmark Interest Rates
Policy Content: From March to December 2007, the Central Bank*** raised interest rates six times, and the last adjustment increased the one-year deposit benchmark interest rate from 3.87% to 4.14%, an upward adjustment of 0.27 percentage points; and the one-year loan benchmark interest rate was raised from the current 7.29% to 7.47%, a up by 0.18 percentage points.
Policy impact: curb overheating of the domestic economy, guide the reasonable growth of money and investment, absorb more liquidity, and curb overheated real estate investment.
c. 2007.9.29 People's Bank of China and China Banking Regulatory Commission's "Notice on Strengthening the Management of Commercial Real Estate Credit State Power"
Policy content: the notice pointed out that the management of housing consumption loans will be strictly controlled, and for those who have already utilized the loan to purchase housing and apply for purchasing a second set of housing (including), the down payment ratio of the loan shall not be lower than 40%, and the interest rate of the loan shall not be lower than that of the same period of time announced by the People's Bank of China. Lower than the People's Bank of China announced the same period of the benchmark interest rate of 1.1 times, and the down payment ratio and interest rate level should be increased significantly with the number of sets, the specific increase in the range of commercial banks in accordance with the principles of risk management of the loan independently determined that the borrower to repay the housing loan of the monthly expenditure shall not be higher than 50% of its monthly income.
Policy impact: the introduction of this policy will effectively curb non-rigid demand for housing, effectively reducing investment in housing, while the developers of hoarding will also bring a certain impact.
2, land policy
d. 2007.7 Land Resources and Housing Management Bureau "transfer of land use rights of the project transfer review procedures"
Policy content: clearly stipulates that the land in eight cases may not be transferred.
Impact of the policy: Strictly controlling the transfer of land, making the transfer of land more transparent and reducing backroom operations. At the same time, make the cost of land acquisition increased, control developers hoarding land.
e. 2007.10.9 Provisions on Tendering, Auctioning and Listing of State-owned Construction Land Use Rights by the Ministry of Land and Resources
Policy content: The scope of tendering, auctioning and listing of state-owned construction land use rights, the deadline for listing, payment of the transfer price and issuance of certificates of the state-owned construction land use rights, etc., are clearly stipulated, and it is emphasized that the transferees have to pay the entire land premium for the whole lot before receiving the certificate of the state-owned construction land use rights. It emphasizes that the transferee must pay all the land premium for the whole lot before receiving the certificate of the right to use state-owned construction land, and has been revised in five aspects. Policy Impact: The new provisions reflect the connection between the state-owned construction land use right auction system and the laws and policies, especially the problems of the current land practice. It should be emphasized that the inclusion of industrial land into the scope of auction not only has the basis of national policy, but also has the implementation of this system of law, in the implementation of the effectiveness of a great improvement. The introduction of this policy not only regulates the land acquisition procedures, but also will greatly combat some developers deliberately hoarding land behavior.
3, comprehensive policy
g. 2007.8 State Council "State Council on resolving the housing difficulties of low-income families in the city of a number of opinions"
Policy content: requires the focus on the development of low-priced, small and medium-sized ordinary commercial housing, increase the effective supply of housing. The annual supply of land for the construction of low-rent housing, affordable housing and medium- and low-priced, small- and medium-sized general commercial housing shall not be less than 70% of the total supply of residential land. The floor area of affordable housing is controlled at about 60 square meters.
Policy impact: the government has changed the focus of regulation from "market" to "government protection", the supply of protected housing on the market will gradually increase to meet some of the rigid demand, to curb the rise in housing prices.
h. 2007.11.30 Seven ministries and commissions jointly issued the Measures for the Administration of Affordable Housing
Policy content: the floor area of a single unit of affordable housing is controlled at around 60 square meters, re-delineating the purchasing population, and establishing the concept of "limited property rights".
Impact of the policy: Increase the standardization and supervision of affordable housing, ensure the deepening of the implementation of the urban housing security system, provide an effective supply of urban low-income earners, and balance the structure of market supply and demand.
Keyword 4: Optical Valley
2007 Foxconn settled in Wuhan Optical Valley
Related information:
2000: China's Optical Valley officially began construction, the Optical Valley real estate began to enter the vision of the developers;
2001: the development of Wuchang real estate market gradually shifted to the Optical Valley;
2003: the Optical Valley property market Step into the heyday, the area of the large disk, the trend of quality is gradually clear;
2004: the Guanggu property market boiled again, becoming the shining star of Wuhan's property market. Strength developers gathered, the quality of the property appeared frequently;
2005: Guanggu property market gradually mature. Common commercial residential properties, single apartments and lakeside villas blossomed
2006: Guanggu real estate market flourished in all aspects. Not only did the amount of push to a new high, continue to develop steadily, but also the area's most important municipal support project Guanggu Pedestrian Street started.
If you want to choose the hottest and fastest rising real estate sector in Wuhan in 2007, Guanggu is undoubtedly a qualified candidate.
In April 2007, Foxconn settled in Wuhan, which not only became a sales gimmick for the developers, but also radiated the other real estate developments in the Guanggu Valley. The Guanggu property market from Luoyu Road to Guanshan Road, Minyin Road and to the east of the development of the route map has appeared.
Pedestrian street, the Central Line plus subway, high-tech industrial zones, potentially huge consumer population, these, seem to secretly outline the prototype of the new business district. 2007, the Valley new housing market, the housing rental market almost all burst out of the price growth of the message. There are two years ago to buy a low-priced house in the valley of the public is now overjoyed, Foxconn and other high-tech enterprises to come, the price of housing can be expected to rise, and with the expansion of the scale of the plant, there will be more and more industrial employees, can become long-term tenants. Optical Valley, will be the new base of Wuhan?
Keyword five: property rights law
March 16, 2007, the National People's Congress voted at the fifth meeting of the Chinese people *** and the State Property Rights Law, clearly stipulates that "the expiration of the period of use of land for residential construction, automatically renewed"; the expiration of the contract period of the land can continue to contract. On October 1, the Property Rights Law was formally implemented. As the basic law for recognizing, utilizing and protecting property, it is of great significance to the improvement of the legal system and the development of the economy. For the first time, it explicitly stipulates in the form of a national law that public and private property are given equal protection.
The Property Law is of far-reaching significance
The following is a brief discussion and analysis of the impact of the Property Law on the real estate industry in Wuhan.
1. The Property Law regulates the way in which land is granted, which is conducive to the standardization of the real estate industry, increases the transparency of land market transactions, and helps to prevent collusion between the government and the business sector, and back-room operations.
2. The provisions of the land demolition and relocation compensation provisions on the one hand, to protect the interests of those who have the right to property, to a certain extent, to safeguard the rights and interests of disadvantaged groups, on the other hand, these provisions may increase the cost of real estate developers to develop, and at the same time may slow down the progress of demolition and relocation of the impact of real estate development speed. Such as the recent emergence of Chongqing and Shenzhen "nail households" problem, it is worth Wuhan to learn and learn from the relevant lessons.
3, the property preview registration can prevent developers from selling more than one house, residential 70-year right to use the expiration of the automatic renewal of the provisions of the extension of the use of residential land, reducing the 70 years after the cost of obtaining the right to use the land to enhance the intrinsic value of the house, the commercial housing is definitely good news.
4, the rights and interests of property owners and property management agencies to adjust
The draft property law from the maintenance of the legitimate rights and interests of owners, the establishment of the system of differentiated ownership of buildings for the exercise of the rights of the owners to provide protection, owners and developers of the rights and interests of the dispute with specific, clear provisions, prompting real estate developers and property management companies to further standardize the business behavior, the order of the real estate to be straightened out. The system has been established to protect the rights of owners and developers with specific and clear regulations.