2017-09-06

Cent Committee Investigating Real Estate in Hot Cities, Developers Nervous

iFeng: 中央部委正督查热点城市楼市 开发商紧张低调求安全
September 5, Hubei Province, the SASAC issued "on prudent investment in real estate," which clearly requires provincial funding organizations and their respective sub-enterprises in the construction, real estate sale to speed up the progress of construction, sales progress, to ensure that funds withdrawn from circulation as soon as possible, reduce leverage. Insiders said the SASAC intervene real estate is very rare, which means that real estate regulation may continue to overweight.

..."Notification" is very Jian Jie, only two specific requirements: First, starting from September 5, the province invested enterprises and their subsidiary enterprises at all levels of the new real estate investment principle cautious, and strictly control risks; Second, the province invested enterprises and their All levels of sub-enterprises in the construction, real estate sale to speed up the progress of construction, sales progress, to ensure that funds withdrawn from circulation as soon as possible, to reduce leverage.

Insiders said that the notification came second market regulation signal is very Qiang Lie, state-owned enterprises no longer explicitly require new investment and real estate, but also to build a house to sell the house as soon as possible, accelerate capital returns, this also means that housing prices high leverage and get to buy a house people plus leveraged investment behavior is not allowed.

...Reporters also learned that the relevant central ministries Inspectorate are hot urban property market a new round of inspections focused on checking Housing prices common hoarding, cover plate and other acts to promote housing prices according to the contract started, completed, form effective supply of housing as soon as possible, ease the market supply and demand.

Developers currently selling in the market are very nervous, low-key, security, will not be concerned about the demands of mainstream developers.

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