Lived in China Construction Ministry official: developers themselves, “earned embarrassing”
Yesterday, at the Housing Fair “Wuhan Green Real Estate Forum”, Ministry of Housing and Urban Policy Research Center, Jue Wang Lin, deputy director of the national housing policy for the current report, said that the domestic property market in 2009, the phenomenon is too hot, is investment in the property market, consumer to stimulate policy and excess liquidity caused by factors such as, “A lot of developers themselves say, ‘money earned embarrassing’, the result is too high house prices rise a new round of state regulation.”
Wang Jue Lin seems, from the perspective of a market economy, prices can not rise, but if the increase exceeds the capacity of our mental and can not be accepted. Moreover, the domestic prices in some cities more than doubled several times, this is not real market behavior, such as Tongzhou, Beijing, overnight, up 6,000 yuan per square meter, of course, people quit.
He also made special mention of the financial crisis in the United States, Dubai, Japan, a decade of crisis and economic downturn, with a direct relationship between the real estate bubble in China although there will be no problem, but there do exist some city property market bubble, have protection, “the real estate market has become real estate speculators in the market, high prices and even consumer demand suppressed, restricted to the core of the mainstream of industrial development of the industry.”
The latest national regulatory policy is mainly to improve the two suites down payment and interest rates. Wang Jue Lin believes that the the point very clear, and clear the house prices around the containment ineffective to recover duties, and policies do not match, not taking the initiative to bear the same responsibility. Little effect if the current round of regulation, the state certainly will continue to introduce more stringent control measures to curb high prices.
For this year’s trends, Wang Jue Lin predicted the property market in 2010 will be the adjustment in the development of indicators to judge the market is good and bad turnover, rather than to see whether prices rise.
When asked to judge the property market in Wuhan, Wang Jue Cheng Lin Tan, Wuhan not know much about ourselves, but to know city prices have general super-million, compared to the income of Wuhan, the “still a little high.”