14 cities introduced a policy to stabilize land prices to stabilize the property market from the source
Our reporter Huang Xiaofang
Since October, Shaoxing City, Zhejiang Province and Xuzhou City, Jiangsu Province have successively introduced the “stabilizing housing prices and land prices” policies.
Shaoxing City issued a notice stating that it will further strengthen land supply control, establish a linkage mechanism for housing prices and land prices, increase land supply, and implement differentiated land supply.
Strictly implement the policy of "limiting land prices and competing for construction", and strictly control the premium rate and floor price.
Xuzhou City proposes to scientifically control the scale, structure and timing of land supply, adhere to the "one district, one policy" precise regulation, target trading hotspots accurately, increase the supply of residential land, give priority to meeting rigid demand, and stabilize market expectations.
The "National Residential Land Price Report in Hundred Cities" recently released by Shanghai E-House Real Estate Research Institute shows that in the second half of this year, at least 14 cities across the country have introduced land price stabilization policies, including Ningbo, Nanjing, Dongguan, Wuxi, Hangzhou, Shenyang, and Changzhou. , Chengdu, etc.
Experts said that these policies were introduced because since the second quarter of this year, the real estate and land markets in some cities have rebounded significantly, leading to further tightening of policies.
According to data recently released by the National Bureau of Statistics, in the first nine months of this year, the national real estate development investment was 10,348.4 billion yuan, a year-on-year increase of 5.6%.
The area of land purchased by real estate development enterprises was 150.11 million square meters, a year-on-year decrease of 2.9%; however, the transaction price of land was 931.6 billion yuan, an increase of 13.8%, and the growth rate increased by 2.6 percentage points.
According to the "National Residential Land Price Report in Hundred Cities", in the first three quarters of this year, the price of residential land in 100 cities nationwide was 5937 yuan/square meter, up 6.9% year-on-year; the price of residential land in 4 first-tier cities was 17,268 yuan/square meter, year-on-year Increased by 19.0%.
Experts said that the intensive introduction of land market and real estate market regulation policies in these cities reflects the determination of the policy level to stabilize housing prices and land prices, and will further stabilize land prices to achieve the goal of stabilizing housing prices and stabilizing expectations.
Since 2004, my country has gradually implemented market-oriented land transfer methods, transferring land through bidding, auction, and listing.
According to estimates, in recent years, the average purchase price of land in my country has been increasing as a percentage of the average sales price of commercial housing, and currently accounts for about 60%.
Therefore, in order to control the rise in housing prices, we must start from the source of land prices.
It is worth noting that the current land transfer revenue still accounts for a large proportion of the local government's fiscal revenue, and it is difficult to curb the local government's impulse to sell land without a complete change in the economic development mode. Experts said that to fundamentally solve this problem, it is necessary to reduce the proportion of land transfer revenue in local finance, effectively stimulate the vitality of market players, and open up other channels.