【外文翻译】The research of China Real Estate healthy development.doc

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1、The research of China Real Estate healthy developmentThe Case of ShanghaiAbstractThe real estate is a pillar industry in China, but the high prices of living and economic development have produced a certain effect, the recent high prices have become a hot topic of attention. With the sustained and r

2、apid development of urbanization and the real estate market, housing supply and demand imbalance in China, there have been overheating of regional speculative buyers, housing prices rose far more than the increase in income. In recent years, prices in some cities in quick succession soaring high pri

3、ces, difficult housing has become the largest livelihood issues and social issues. Consecutive years, two sessions, the housing problems of the community the highest attention to peoples livelihood, one of the hotspots. From the perspective of a harmonious society and sustainable development, housin

4、g has become the focus of social conflicts, parties to a conflict of interest. In this paper, the current price situation in Shanghai, has analyzed the cause of the high prices, and coordinated and healthy development of real estate, social stability, the stable operation of the financial, economic

5、restructuring, income gaps discusses the proposed methods and countermeasures to curb housing prices.Keywords: real estate; mechanism; countermeasures Contents1. Introduction2.The Shanghai Real Estate Analysis3.The problems in the real estate development in Shanghai3.1 The high real estate developme

6、nt profits3.2 Of real estate structural surplus3.3 Of land leads to high financial premium3.4The corruption of government officials4.Shanghai resolved at this stage the real estate development issues related countermeasures4.1 Macro-control, inhibition of the speculative demand for real estate marke

7、t4.2The impulse of reform and land finance, weaken local pushed up land prices4.3 Establish and improve the housing management system to protect the rational activities of the housing market4.4 The establishment of effective management and supervision mechanisms for the protection of property develo

8、pers4.5To crack down on tax evasion of the real estate prices in the cost of corruption5. ConclusionReferences1. IntroductionAs we all know, real estate is one of the pillar industries of Chinas national economy is emerging industries in the city in the process of industrialization, at the same time

9、 promote the progress of industrialization, urbanization and modernization, has become an indispensable part of our national economic system. The real estate industry provides a great deal of material support for the development of Chinas national economy, to provide financial support for Chinas var

10、ious industries. Real estate to the healthy and normal development, is related to Chinas economic steady and rapid development. In recent years, Chinas real estate market is exceptionally hot, house prices continue to hit a new high, across the country are found everywhere to purchase hot. Shanghai

11、as Chinas economic center, the development of its real estate market on behalf of Chinas real estate development, but due to the policies, mechanisms and other reasons, the real estate development in Shanghai, there are many problems. This article begins a discussion on the development of Chinas rea

12、l estate help.2.The Analysis of Shanghai Real Estate 30 years of reform and opening up, the rapid development of Shanghai real estate for 30 years, thanks to the strong support of the government and various industries, Shanghais real estate development from small to big, from weak to strong, and gra

13、dually form a sound system, the operation of effective greatly boost the role of the real estate market, Shanghais economy.2007, the State Council on the 24th text clearly the responsibilities of the government in the housing security, which not only marked the housing reform is clear, Efficiency an

14、d Fairness, a new direction, but also marks the market mechanism and government to protect the combination of the housing construction the new model has been established. Shanghai proposed 4 million square meters a year, five years, 20 million square meters of affordable housing construction program

15、, real estate market began to enter the market and safeguard the combination of the third stage. At this stage, market-led, multi-channel, multi-level housing supply system to start building, the Shanghai real estate will also usher in a new stage of development.2009 Shanghai real estate investment,

16、 development and supply of stable, no major fluctuations in the prices of commercial housing. Affected by domestic and international macro-economic changes, the market of new commodity housing and The Transaction of stock of housing decline in late October 2009 and the introduction of measures to im

17、prove housing security, and promote the development of the real estate market in Shanghai, the market reaction positive trading volume picked up.Shanghai real estate industry realized added value of 41.177 billion yuan in the first half of 2010, an increase of 22.6% over the same period in 2009, an

18、increase year on year increase of 29.6 percentage points. The area of 15,722,100 square meters of real estate sales, an increase of 27.9 percent over the same period in 2009. Among them, the sales of commercial residential area of 14,431,200 square meters, an increase of 34.8%. Real estate developme

19、nt and investment of 62.363 billion yuan, down 3.1 percent.The real estate industry of Shanghai World Expo latecomer effect perhaps than the first-mover effect greater. Under the provisions of the International Exhibitions Bureau and the previous World Expo convention, all foreign national pavilions

20、 are temporary buildings in the Expo building will be demolished will be replaced by hundreds of millions of square meters of new construction, then for developers, and hid the huge opportunity.In fact, after the Expo during the development had been planned. Pudong New Area Expo surrounding areas af

21、ter the Expo period (2011-2020) Development Strategy the Sanlin functional areas of Pudong Expo surrounding areas, the plan for the future into a Expo Metro, to become the fifth city of Shanghai sub-center. When the supply of land in the Expo area in the future secondary development will be a lot of

22、 real estate giants compete for the object, Of course, the mature pattern of the Expo building, land will be therefore improve.3.The problems in the real estate development in Shanghai3.1 The high real estate development profitsReal estate compared to the real estate to meet the customers general re

23、quirements it has its own characteristics, other than as a commodity and other goods, but also acts as an investment, you can rent or up for sale. In this way, the real estate needs contains two different elements: one is the consumer demand, investment demand. Real estate prices was mainly due to t

24、he unreasonable investment in demand-driven prices high. The real estate is increasingly becoming a speculative industry, people buy multiple sets of real estate to invest in virtually increase the market demand, resulting in an oversupply situation, really want to buy a house can not afford housing

25、. The high excess profits of the real estate is to promote the social funds for the huge influx of real estate interests of the driving force. March 25, 2012, the City Investment Holding Co., Ltd. Of Shanghai real estate company released its 2011 annual report, the report shows, full-year 2011, the

26、company achieved operating income of 3.898 billion yuan, up 16.6 percent; net profit of 849 million yuan, an increase of 11.54%, net profit margin reached 21.8%, we can see that the profits of the real estate development is very objective.3.2 Of real estate structural surplusChina Index Research Ins

27、titute, said Chen Sheng, Shanghai property market for many years to study the phenomenon of housing vacancy in Shanghai, more or less there, in particular, is more prominent in the field of high-end residential. He said to him a couple of houses have been very common, some speculators even with doze

28、ns of sets of even a hundred of listings, listing all handed over to the intermediary to take care of some of their own housing glanced to.Stock room is available for sale in second-hand housing, you can rent source, the potential is evident from several first-tier cities of second-hand housing tran

29、saction volume. Centaline Research Center data show that in 2010, first-hand residential transactions area of 26.58 million square meters, a second-hand housing turnover of 25.83 million square meters, the latter for the former 97%. Beijing, Guangzhou, Shenzhens primary residential volume in 2010 we

30、re 17.9 million, 9.44 million, 6.61 million square meters, while the secondary residential turnover of 18.53 million, 11.54 million and 13.75 million square meters, the three major cities in the secondary housing market have been The exceed New house. The data also show that the first quarter of thi

31、s year, Shenzhens second-hand housing transaction area of 2.0212 million square meters, is 2.83 times the volume of new housing in the same period.Developers often rendered housing shortage is over rendering of the new listing supply and demand situation, a mature real estate market is no room can b

32、e sold, because the turnover of the stock of housing is completely can be dominant, the key is how to activate. All along, the housing market structure of Chinas over-reliance on the New house market, second-hand housing market development is lagging behind, such situation should be taken seriously

33、and gradually adjust.The experts believe that Chinas real estate market regulation in recent years and more focused on the direct supply, by increasing the supply of land, the urge to start idle land disposal of the protected disk reluctant sellers and other means to increase the supply of new listi

34、ngs. But with the growing scarcity of residential land resources in some cities, the space for New house market regulation. In addition, the reality has repeatedly proved that speculative investment demand, and low housing cost of ownership case, add more listings are likely to be investors to buy t

35、he bag to become the flower on the profit, Kam, while difficult to become a home-buyers Snow carbon. Developers and the interests of the corporation will continue to excuse, shouted the thirst, blindly appeal to increase land supply for real estate speculators who continue to provide investment tool

36、s.3.3 Of land leads to high financial premiumThe face of high prices, consumers can only hope that the Housing can not afford to analyze the causes and has been dubbed the profiteering in the name of the developer to blame. Admittedly, developers do exist cover plate reluctant sellers, up for grabs

37、and speculative behavior, they raise prices 期房 sales to earn high profits. But this is just surface causes housing prices, get to the bottom of its driving force behind the Shanghai local government at all levels. Relevant government departments of the revenue from the land accounts for more than ha

38、lf of the local financial revenue. Some places even up to 70% of the total revenue and become a veritable land finance, the local government has become a veritable land the government. Point of view but also from the cost structure of the real estate, land costs accounted for the highest proportion

39、of business development costs, has reached 58.2%. REICO studio survey of Beijing, Shanghai, Guangzhou and other cities of the land cost + total tax ratio highest in Shanghai reached 64.50 percent, the lowest in Guangzhou, 46.94%. All the data show that the cost of land is an important cause of high

40、prices is the price all the way up accelerant. And because land prices will bring the increase of local government revenue, local governments in the process of housing prices act as a promoter of it is not surprising.3.4 The corruption of government officialsAccording to the investigation and handli

41、ng of the September 2010 briefing by the Supreme Peoples Procuratorate, the field of urban construction business bribery a case from a national perspective, from 2007 to 2009, the procuratorial organs handled a total area of cities and towns commercial bribery cases 10 043 in 9374, the case occurs m

42、ainly in the field of real estate development, land transfer, a total of 7990; investigated and dealt with the 3567 national civil service, 501 people of the land management department.Shanghai real estate management sector corruption is also repeated. In 2009, the Shanghai Municipal Bureau of premi

43、ses, deputy director of Shanghai Land Society Yin Yuan case, have been the first branch of the Shanghai Municipal Procuratorate prosecution, the Shanghai No. 1 Intermediate Peoples Court of First Instance suspended death sentence. Informed of the CPC Shanghai Municipal Commission for Discipline Insp

44、ection in May 2007, Yin Yuan, he was Shanghai premises Deputy Director, using his position to facilitate, for the benefit of others, and illegally accepting money from others, shares, real estate and cars, a huge amount. Yuan Yin country had long served as Shanghai premises Deputy Secretary, in char

45、ge of land work, served as president of the Land Institute in 2005. The same pull-out by the Shanghai pension fund, the Land Use Office, the former Director of the Shanghai Municipal Bureau of premises Zhu Wenjin, it is their direct subordinates. In September 2007, Zhu Wenjin respondent bribery of 4

46、00 million yuan and the illegal requisition and land on two counts and jailed for 15 years.February 21, 2012, the Shanghai Second Intermediate Peoples Court heard the former deputy director of the Shanghai housing support and the Housing Authority Tao Xiaoxing bribery case, the public prosecutor on

47、charges of bribery property totaling RMB 1045 million yuan. The survey shows that the Tao Xiaoxing used his position to open the door for developers to obtain land, while receiving huge amounts of illegal interests.4.Shanghai resolved at this stage the real estate development issues related counterm

48、easures4.1 Macro-control, inhibition of the speculative demand for real estate marketAfter the introduction of the 2006 six countries and nine ministries on the views of the housing supply structure to stabilize housing prices, the Shanghai Banking Regulatory Bureau according to the relevant require

49、ments of the nine ministries and the opinions put forward specific implement views. Shanghai Banking Regulatory Bureau to carry out the views of strict implementation of the four cards is complete and the capital ratio of not less than 35% of the standard, high-grade real estate, villas, commercial buildings, development loans should be implemented higher project capital requirements for real estate project development loans reserve