steal" landlord "The government pushed to have surfaced on Chinese soil bubble




net listing "real economy in trouble, local governments need to rely on real estate investment to boost GDP, the central government will Such attitude of tolerance bubble. "

April 25, party secretary of Anhui Province Wuhu王健林met陈树隆. In this first meeting, the陈树隆said on王健林, Wuhu is a choice to enter the fourth Wanda prefecture-level cities.

Almost can not suppress the desire to expand, since the beginning of the second half of 2008 began王健林around in various cities.

Impulse

In fact, since December 29, 2008, Wanda, the price of nearly 2.5 billion won in Shijiazhuang Village sharp block after transformation, in 2009, Wanda has been to not take the steps to stop.

January 6, Wanda and domestic Fosun泛海and together with his well-known international tourist resort Baishan projects; February 21, Wanda Group and Chengdu Jinniu District, signed an" investment in Chengdu Jinniu Wanda Plaza agreement, "Wanda Plaza Chengdu Jinniu entered a substantive stage of the project; March 9, Wanda invest tens of billions of dollars to participate in" China's industrial base plum ", Xinhua West Road commercial center and business center in Riverside Wuchang three projects; May 5 Wanda Group has spent 110 million yuan in Changchun City, Jilin Province had a piece of commercial land use district flag.

In addition, Wanda, also in Tianjin, Hefei, Beijing and other projects of access to land reserves, making Wanda in 2009 almost become the most eye-catching one of the major land reserves. Wanda and the expansion of China's land is considered the beginning of the impulse market.

A simple understanding is that in early 2009 Wanda so" crazy in buying land "is enough for the market to do a land bank which had expressed strong王健林listing desire, and with the domestic private equity funds to complete a round of private equity .王健林in accordance with the plan, Wanda will be landing over the past two years to achieve the aspirations of A shares.

But another is to understand, is due to the impulse of local government land sales. In fact, judging from the number of cases, Wanda in 2009, the number of land transactions is the long-term contacts with the local government in 2009 after the signing of the final land transfer agreement.

" This is just a beginning. "陶琦Research Center of the Central Plains real estate property on the view that the new media.

Real Estate Research Center in the Central Plains of the monitoring were pushed in 2009 to the desire of local governments reached an unprecedented height, and this impulse is pushed to such an enterprise Wanda brings the opportunity to expand our land bank. Centaline Property Research Center of the monitoring at the same time, in early 2009, local governments intent on real estate investment has increased remarkably.

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" The first is similar to the beginning of Wanda, the preparation of such green-listed companies, in 2-3 months time, listed companies began to enter the land market. "陶琦of new media, said the real estate point of view.

But陶琦that in 2009, which is a normal impulse of the land: local governments meet the needs of the supply of land developers have land reserve needs.

Premium

Perhaps陶琦as said, into the April-May, developers and local governments for land getting better impulses. Centaline Property monitoring showed that since 2009 the local government launched land流拍rate and turnover rate of the reserve price is decreasing.

April 29, the 560 million to the Group in order to win the price Xujing Town, Qingpu, Shanghai on the 3rd block. Than the price listed on the initial price premium of 80% of the original. According to Kim introduced to this land plot for the tender, as the developer wishes to participate in bidding up to 51, based on the final day before the opening of the land price from 500 million yuan to be labeled. Even so, there are still more than five developers of the price is higher than 500 million yuan.

" The price is relatively low in 2007 of land with a gross floor area of 9,000 or more, and we won the floor price at the time of the floor than the height of more than 4000 yuan lower premium. "Golden said.

" There are two trends, first-line cities on the one hand, high-quality land developer who is being chased, this part of the premium than the 2007 peak of land prices have a certain space, and on the other hand, started looking for local developers investment allowed under the existing policy of 'land transfer agreement' cases began to increase. "industry analysts are the property of the view that the new media. At the same time, the source said, local governments do not rule out at this time would like to introduce developers to bid to achieve the purpose of raising the price of land.

In the local government can not suppress the desire to push the developer to start in pursuit of land at the same time, foreign funds began to see the same at the bottom of the land market in China. Shenzhen, a real estate point of view the real estate industry on the importance of new media said that at present there are many large developers in Shenzhen started to fund its purchase of expression to the desire and hope to be able to obtain the support of the Fund.

And the industry that the Shenzhen above, various types of capital began to focus once again to the land. At the same time, he raised the problem is: the economic structure in China has not yet been translated into the domestic demand, the operating conditions of the real economy, not the nature of the situation improves, the capital to the real estate market as well as to focus on the land market, in itself mean that the is a bubble.

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Bubble

" Is a bubble, but there is no way that China's economy at this time may need to drive the adoption of such a bubble economy. "HE Cheng Shenzhen well-known commentators on the military point of view of new media, said real estate. Its view that the central government of such a bubble tolerance attitude.

" The real economy in trouble, local governments need to rely on real estate investment to boost GDP, the central government of such a bubble would be the attitude of tolerance. "Jun HE Cheng said. HE Cheng-陶琦with this view was shared by the military, they are of the view that GDP growth target of this round of local government land sales for the root causes of the impulse. And陶琦also said that the current outside the capital may be positive effects of China's economy has begun to enter the Chinese market.

This may mean that all types of capital will once again choose the same path in 2007 to enter China, they invest in real estate companies, to support acts of their land bank.

A doubt is that in the current economic entities affected by the economic data does not look good under the circumstances, funds began to gather together the real estate industry mean that the emergence of a new bubble, and whether such a bubble will be in 2007 the bubble even more serious.

" The breakdown of the bubble as soon as the Chinese economy will be devastating blow, but I do not think that will be central to this bubble out of control. "Jun HE Cheng believes that the elimination of such a bubble will depend on the economic structure adjustment to the success of domestic demand, If China's economic transformation to succeed, such a bubble will be inhibited.

" I do not worry about the current trade-based economy, the impact of China's economy, because domestic demand into the economy against the backdrop of the structure, foreign trade-based economy is not important, and may even be to give up their. "HE Cheng-jun in the understanding of them, even if the international financial crisis from happening again, its impact on the overall economic situation is still limited.

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But at the same time analysts believe that the pace of economic restructuring may be decided in this round of the extent of the real estate bubble鼓涨. In fact most of the real estate point of view to accept the new media who said that in September 2009 to the first half of the land market in 2010 will have a substantial price rise.

" To achieve the level of 2007, said bad. But we expect the price of land is 50% of the growth. "A real estate developer in Shenzhen, said the case.

Source: land listing network coverage Wanda green groups