Chinanews. com client Beijing, August 8 th Title: The first three "stable" targets in the regulation of the property market are not firmly accountable.

　　Author: Zhang Xu Qiu Yu

　　Only seven days before the the Political Bureau of the Communist Party of China (CPC) Central Committee meeting called for "resolutely curbing the rise in housing prices", the Ministry of Housing and Urban-Rural Development held a symposium on real estate work in some cities in Shenyang, Liaoning Province on the 7th, which made it clear that cities with poor property market regulation should be firmly held accountable, and put forward the key points and specific targets of property market regulation.

　　Three words of "stability" define the future regulation goal

　　The the Political Bureau of the Communist Party of China (CPC) Central Committee meeting held on July 31st demanded that we make up our minds to solve the real estate market problems, adhere to the policy of the city, promote the balance between supply and demand, reasonably guide expectations, rectify the market order, and resolutely curb the rise in housing prices. Accelerate the establishment of a long-term mechanism to promote the stable and healthy development of the real estate market.

　　How should all localities do a good job in regulating the real estate market? At the symposium on the 7th, the relevant person in charge of the Ministry of Housing and Urban-Rural Development pointed out that according to local conditions, precise policies and comprehensive policies should be implemented to ensure the market stability.

　　According to Zhang Bo, the chief analyst of 58 Anjuke Real Estate Research Institute, the three words "stable" clarify the key points of specific regulation in the future, which means not only to control housing prices, but also to have stable requirements for land prices. In the context of increasing environmental uncertainties at home and abroad, it is particularly important to stabilize expectations.

　　How to implement it? Resolutely accountability where regulation is weak!

　　How to achieve "stable land price, stable house price and stable expectation"?

　　The Ministry of Housing and Urban-Rural Development will establish a real estate market monitoring system and improve the evaluation and assessment mechanism for local real estate regulation and control. Strict supervision, and resolutely accountability for places where work is ineffective, market fluctuations are large, and regulatory targets have not been achieved.

　　I love Gong Yucan, a senior analyst of my family group research institute. This symposium is a further promotion of "housing and living without speculation, renting and purchasing at the same time", which means that the regulation of the real estate market will only be tighter, and it will not be relaxed. Linking the regulation of the property market with government performance and resolutely accountability will help promote local governments to implement central policies.

　　Earlier, the the State Council executive meeting held on July 23rd proposed that "the proactive fiscal policy should be more active and the prudent monetary policy should be moderate", which made many people worry that funds would flow to the property market.

　　Yang Xianling, president of RealData, believes that under this background, the stability of expectations is very important, and the key to stabilizing expectations is to achieve a dynamic balance between supply and demand. In the next stage, the main responsibility of local governments in regulation and control will be further increased, and the assessment mechanism should be more clear and accurate.

　　In order to stabilize expectations, the forum also made it clear that we should support reasonable housing consumption, resolutely curb speculative real estate speculation, strengthen public opinion guidance and expected management, and continue to carry out special actions to control chaos in the real estate market.

　　In fact, in the second half of the year, the Ministry of Housing and Urban-Rural Development and other ministries and commissions have launched special actions to control the chaos in the real estate market in 30 cities including Beijing and Shanghai, cracking down on speculative real estate speculation, real estate "black intermediaries", illegal real estate development enterprises and false real estate advertisements, and announced the blacklist of 20 institutions on July 31.

　　What are the strong measures for local regulation?

　　Xie Yifeng, president of China Urban Real Estate Research Institute, believes that after the three "stable" targets are put forward for the first time, under the accountability mechanism, local governments will intensify their regulation and control, and in the future, local governments will increase their policies to limit land prices and introduce more supporting policies to implement them.

　　Zhang Bo believes that the Ministry of Housing and Urban-Rural Development once again emphasizes the implementation of local main responsibilities. In order to control housing prices, local governments may adopt three means: First, implement a more stringent price limit policy; Second, the policy upgrade is a "patch", and the upgrade of Shenzhen’s regulatory policy from four limits to eight limits is a typical example; Third, set the "daily limit" of house prices, especially when the control effect is not obvious by patching.

　　Xie Yifeng also said that the number of cities with restricted sales is expected to increase, and cities with higher pressure of rising house prices will expand their restricted areas.

　　In the opinion of analysts, Shenyang is a case. In June, the price of new houses in Shenyang rose by 1.4% month-on-month and 9.8% year-on-year, while that of second-hand houses rose by 1.4% month-on-month and 5.7% year-on-year. On August 6th, Shenyang introduced a new policy to regulate the property market, expanding the scope of purchase restriction from some areas to the whole city.

　　The property market "Golden September and Silver 10" may be difficult to reproduce.

　　Xie Yifeng predicted that under the background of continuous overweight regulation, the property market will mainly cool down, and the growth rate of volume and price will fall back, so it may be difficult to reproduce this year’s property market.

　　According to the statistics of the Central Plains Real Estate Research Center, in the first seven months of 2018, the regulation of major cities accumulated 260 times. In July alone, the regulation intensity of the national property market set a new record, and more than 60 cities issued more than 70 regulation policies.

　　At present, in July, the cooling trend of property market transactions appeared.

　　The 40-city residential transaction report released by Yiju Real Estate Research Institute shows that in July, the transaction area of first-tier cities decreased by 7% from the previous month; The transaction area of second-tier cities decreased by 6% from the previous month; The transaction area of 18 third-and fourth-tier cities decreased by 7% from the previous month.

　　Yang Xianling said that at present, the property market has entered a spontaneous cooling stage, and the fundamentals of further price increase have weakened. It is expected that the market will enter a "bistable stage" in the future, that is, the market will stabilize and fall back, and the policy will become stable after overweight. (End)

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