Many cities halt the second batch of centralized land supply real estate companies to raise the threshold for land auctions?

  Our reporter Du Yumeng

  As the first of the "three stability" targets for property market regulation, "stabilizing land prices" has always been seen as an important measure to curb the rise of bread prices (housing prices) from the side of flour (land prices).

Among them, the “two centralizations” policy of land supply implemented this year is the most.

  The second batch of centralized land supply is imminent during the year, but some cities have recently halted or postponed land auctions.

Specifically, on August 11, the relevant departments of Qingdao issued an announcement stating that the city's second batch of centralized auctions of multiple plots of land was terminated for some reason, and the time for the re-launch of public transfers shall be subject to the announcement at that time; August On the evening of the 10th, relevant departments in Tianjin announced that they would postpone the public listing and transfer of 61 state-owned construction land use rights issued on July 21; on the same day, relevant departments in Huizhou also issued an announcement stating that the auction was originally scheduled for August 11th. The sale of the Ma’an commercial and residential land in Jinshan New Town, Huicheng District, has been temporarily suspended, and the land will be listed for sale after the improvement of the housing and land price linkage measures; Shenzhen also issued an announcement on August 6 that it was originally scheduled for the second place on August 9. The 22 homes launched in batches were all suspended for sale, and the bidding (tender) deposits paid by the participating real estate companies will be returned to the original way.

  Zhang Bo, Dean of 58 Anju Guest House Property Research Institute, said in an interview with a reporter from Securities Daily that the teleconference on accelerating the development of affordable rental housing and further regulating the real estate market on July 22 emphasized the need to speed up improvement. The work mechanism of “stabilizing land prices”, optimizing land bidding rules, and establishing an effective corporate land purchase fund review system, combined with this policy directive, the suspension or postponement of land auctions in many places in the near future is more likely to be adjustments and adjustments to land auction policies. Perfection means not just making a fuss on land price limitation, but emphasizing a more detailed and deepened real estate linkage control mechanism, that is, paying attention to the conduction between land price itself and housing price.

  The data provided by Centaline Real Estate Research Center shows that since the implementation of the “two centralizations” land supply policy this year, the 22 cities that have completed the first round of land transfers have sold a total of 802 residential land (excluding commercial real estate), and the total land transfer fee Reached 1,053 billion yuan, the average land premium rate is about 14.7%.

  "On the whole, the first round of residential land supply did not meet the expectations of lowering land prices. The land premium rate and transaction land prices in many cities set a record high." Zhang Dawei, chief analyst of Centaline Real Estate, told reporters that it is not difficult to understand , Why recently, including the remarks of the regulatory authorities and the new property market policies issued by local governments, have focused on the land market several times.

  For example, on July 22, Zhang Qiguang, Director of the Real Estate Market Supervision Department of the Ministry of Housing and Urban-Rural Development, publicly stated that he will focus on establishing a real estate linkage mechanism, promote Beijing’s practices, limit housing prices, control land prices, improve quality, and establish a land-purchasing enterprise qualification review system. Establish a land purchase fund review and return mechanism.

At the same time, many cities, including Hangzhou, Dongguan, Jinhua, Yiwu, etc., have also expressed their views in the recent property market control policies to optimize land auction rules and improve the linkage mechanism between housing prices and land prices.

  “The land market belongs to the forefront link in the entire development chain of real estate.” Guo Yi, chief analyst of Heshuo Institution, said in an interview with a reporter from the Securities Daily. The double expectation of home buyers is to derive house prices from land prices, which in turn affects the overall expectation of the future property market. This is a forward-looking pre-control measure for "stabilizing house prices."

  From the perspective of "stabilizing land prices", Zhang Bo expects that in the second half of the year, localities will increase the review of the qualifications of bidding companies and improve the review process and corresponding standards.

While raising the threshold for corporate bidding, not only requires corresponding qualifications, but also may set new requirements on the debt situation of real estate companies.

In addition, it is expected that all localities will increase the review of the sources of funds for real estate companies to obtain land.

That is to say, not only will banks, trusts, asset management and even private equity institutions provide land financing to real estate companies, but also whether the shareholders of participating companies include financial or financial institutions to prevent them from continuing to use public equity real debt. Provide pre-financing of land to real estate companies.

(Securities Daily)