Monday, April 2, 2012

Scroll city King staged in Western China, who will pay for last crazy

Recently, originally part of a second-tier city of Nanning, liuzhou, Guangxi, Pin Wang. Square close to the original folk songs of jinpu road, Nanning, Guangxi block g c, 141-1, per Mu to $ 86.5 million, total 15. $ 900 million was taken, floor price over $, even becoming the Nanning of Guangxi history highest traded price of land. Since last year, the scroll West King staged, people stunned.
When interviewed by reporters on the incident for further discovery, almost being in the industry recognized "crazy" Western town "King" behind "pushing hands" is precisely the malformation of local tax revenue. The crux of the problem lies in Central macroeconomic regulation and control under waves and waves of, who pay for crazy at the end of the property market.
1-"King" Western urban real estate speculators out of frequency is "insane"
On December 5, 2009, in the morning, Nanning Ljusa 278.97 rivalry after 10 mu of land for construction of State-owned companies, 45 rounds of bidding, eventually to total price, unit price $ 2.47 billion to $/MU won the Liu Shalu plots along the Yangtze River, floor price at 5,400 Yuan/sq m, total price and floor, Nanning, refresh the highest in the land.
This record was quickly refreshed. On March 10, 2010, 2010, Nanning, in the first period on a State-owned building land auction, Jin Pulu from this block to 19.53 million RMB, auction price final hold to 86.5 million yuan per MU, floor premium 11,033 Yuan/sq m.
In 3 months time, Nanning, the highest floor price of 1 time.
Pin Wang is now not only of Nanning. Last land auction in liuzhou city, Guangxi Province, on November 5, poly real estate price $ 1.414 billion won in liuzhou city in Guangxi Province, Pak Sha Road, 2nd, 27th, liuzhou, the price hit the current maximum amount of land history. This plot has a total area of 254.01 acres, blocks bid start price of $ 705 million. Just over a year ago, the same price beat flow.
New "King", rising property prices affect the community nervous.
On March 10, Nanning, the new "King" after the oven, Pan shiyi, ren Zhiqiang and so many other real estate speculators, and lvqiuluwei celebrities comment on the blog, that "really crazy" "property to something".
SOHO China Chairman Pan shiyi in Nanning, the new "King" announced at noon on the day of its wrote on Twitter: "received a friend texting: ' just Nanning-land auction $ 86.5 million/acre, floor price for many. Crazy! we bid to 26 million Yuan/MU. ' Really was crazy! " Subsequently, in their tweets and writes: "at present, experienced real estate land there's a wrong price is not surprising. Including Wang, ren Zhiqiang, Feng Lun, and Yi Xiaodi sth We all feel so real estate to an accident. But many brave, not familiar with, other industry funds into land market, a new ' King ' goes. Such a risk premium! "
Hua Yuan ren Zhiqiang, Chairman of real estate Twitter wrote: "shoot to $ 86.5 million acres of land in Nanning, floor price $, know more about prices? Government should announce good news or report sorrow?
Famous media person, Phoenix TV reporter lvqiuluwei Twitter wrote: "Oh, Nanning (floor) are $ 10,000 per square metre! Nanning more than 20,000 yuan per square meter price of possible profit of 10% (also wants to build a House, tax charges). No wonder the Shanghai 100,000 yuan per square meter house, Shanghai land price you see! "
Western "King" frequency, somehow make people "fog".
2-Government "pushing hands" high "Club"
Nanning this were to took out each acres 86.5 million yuan of "sky-high", Nanning land resources Council Secretary TAM rose said zhiqian "expected does not to", he think investors good this a block main has several area causes, a is Nanning in recent years economic social of development situation comparison good, as China-ASEAN free trade area as scheduled built, Nanning of location advantage increasingly highlight; II is last year end Nanning in "China Greentown" of Foundation Shang, made has build "China city" of envisaged, Especially the Jin Pulu this close will be completed by the end of this year "meeting Lake", alongside the Nanning International Convention and Exhibition Centre, is the last piece of mature enamel East of Nanning and the rest of the plot; third is this plot is relatively small, it is relatively easy to develop.
"Floor price reached 11,033 Yuan/square meter", land of Nanning City Council said "the algorithm is different".
Nanning land Council land using Management Branch Chief Feng Xiaofeng said, Jin Pulu this a block in auction notice, and auction site external announced of volume rate for "≤ 11.76", eventually sold of price building surface price of calculation is to notice announced of a volume rate to calculation of, in accordance with volume rate calculation it of area, so building surface price is 11,033 Yuan/square, "this is a algorithm". "The plot is very special, auction notice is required of super high-rise building built 300 metres above. "And 100 meters above the floor area ratio is not calculated, if by minimum standards to be 300 m, and its total gross floor area of about 270,000 square, actual plot ratio can reach 21, floor price should be at around 6,000 yuan/sq m. "With the increase in building height, increase in floor, floor price will be reduced.
In fact, Nanning, excluding the volume rate is above 100 m on a policy of promoting the construction of super high. Size of the volume rate determines the level of land development and yield, thus affecting the land. More than 100 is not a factor, then developers will enjoy the actual volume has been no rate limits. TAM rose revealed that on Super high-rise building in the construction of Nanning city taxes and fees, and many other preferential policies.
Super high-rise building height and number one as a modern city, sought after by the local government. According to media reports, encourage high-rise building in Nanning, for two reasons: first, due to the increase in Super high-rise building, helps to improve the brand image of the city; on the other hand because of the similar need to inject capital of super high-rise building huge, it is generally only large enterprises have the capacity and attract big business to come, will stimulate economic development.
Encouraged and promoted by the Government, stands for more developers.
Rising house prices have been blamed, "King" is even developers are amazed. However, rising land prices, and prices are closely related to land, who ultimately benefit from? TAM rose in Nanning, in response on "financial" when questioning revealed, Nanning revenues of 24 billion dollars last year, land storage revenue for $ 6.7 billion, "No 30%". On March 10, Nanning, and the new "King" auction block with a total of 4 blocks, total 2.786 billion yuan.
Industry analysis and Government revenue comes from the sale of nearly 30%, plus the tax of real estate development and construction-related industries as a result of tax, more than half of the contribution rate of land revenue of local. Benefit-oriented local government willing to intentionally or unintentionally create "King".
3-who is the final madness?
The new "King" who is the beneficiary of the birth? "King" built on what kind of House? Who is going to buy "King" on the House? …… New "King", rising property prices affect the community nervous. In this year's national "two sessions", in the Government work report, Premier Wen Jiabao put forward, "to hold back some of the momentum in the city prices rising too quickly, meet the people's basic housing needs" seems to be "King" is the phenomenon of "last crazy." However, the Western City of new "King", who is paying for this last crazy, has become a topic that everyone knows.
Netizen "Zhang Ziji": 86.5 million Yuan/MU, has the Government considered its ripple effects? This slippage is city, also is the ignorance of the market? And lose, and lively conversation of the two sessions concerned with people's livelihood in China, concern prices, in a way completely into the upgraded version of the farce.
Some real estate person believe in Guangxi, over 300 meters of the building is not likely to build housing, so that the new "King" effect on prices is difficult to estimate, but said for taking such a high price "does not expect". And Vice President of the enterprise group of Guangxi Zhou Ying said, "before we offer are sold for a hammer, I then find out", "to tell you the truth this auction is a bit beyond our expectations. "From a cost analysis, current price plus costs of more than 10 billion yuan in the construction of the late, estimates the final cost of this building to about $ 3 billion. The design coupled with the block parking difficult, estimated to underground 8-9 to meet the parking spaces will be built, as well as other related, view, costs to go up.
Guangxi poly real estate group Chairman Wu Guangming believes that only from the perspective of price, this price is contrary to the rule of the current real estate market. At present, the country has more than 300 m super high-rise buildings of the city are economically developed cities such as Shanghai, Guangzhou, Shenzhen. Judging from the current level of economic development in Nanning, also lacks the support of super high-rise building market infrastructure.
Chinese Academy of social sciences in November 16, 2009, first housing green paper published by the housing development in China (2009-2010) shows in 35 cities throughout the country, housing value potential ranks 35th in Nanning, the lowest, 31st land value potential, reciprocal for fourth. Is the potential for a minimum of Nanning, possible soaring land prices soared, many people uneasy.
Netizens commented: "If the housing market was a feast, Governments, banks, real estate developer and wealthy investors to become the field who share the feast, while the majority of buyers, but high prices but these had emptied the pockets of. "People fear the new" King "will point to, influence the direction to prices, thereby affecting the lives of ordinary people, civilians to market in the end of" King "to pay.

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