Home » Business » Real Estate
2 conditions can spark home-buying ban
By Cao Qian |
August 17, 2011, Wednesday
|
Print Edition
Print Edition
CHINA'S housing authority has detailed five conditions to help local governments evaluate whether they should introduce restrictions on house purchases as the country continues to deepen its fight to curb speculation in the market.
Should local governments find themselves meeting two of the five conditions they should impose a home-purchase ban following in the footsteps of their larger and metropolitan counterparts, Shanghai Securities News reported yesterday without citing any sources.
The five conditions are:
- they are leading gainers in the monthly report by the National Bureau of Statistics which tracks home prices in 70 major cities;
- where residential property prices register notable increases between June and the end of last year;
- where first-half transaction volume of homes gain significantly from a year earlier;
- being located next to cities where a home-purchase ban is already in place and where non-locals make up a high proportion of the total home buyers;
- where local residents still complain about housing prices and are dissatisfied with current implementation of restrictive policies.
"I expect the new list will probably come out this month or September at the latest," said Song Huiyong, research director with Shanghai Centaline Property Consultants Ltd. "I predict investors will go to smaller cities where there is no ban on home purchases."
According to an earlier Centaline research which tracked 50 second- and third-tier cities where there are no curbs on people buying properties, 14 cities - including Langfang in Hebei Province, Weihai and Yantai in Shandong Province - are highly likely to be included in the new list as they have a notable proportion of out-of-town buyers and their home prices have risen rapidly in the first half of this year.
After tracking 100 cities, the China Index Academy, a real estate research body, forecast earlier that between 10 and 20 second- and third-tier cities nationwide may unveil home-buying curbs.
Should local governments find themselves meeting two of the five conditions they should impose a home-purchase ban following in the footsteps of their larger and metropolitan counterparts, Shanghai Securities News reported yesterday without citing any sources.
The five conditions are:
- they are leading gainers in the monthly report by the National Bureau of Statistics which tracks home prices in 70 major cities;
- where residential property prices register notable increases between June and the end of last year;
- where first-half transaction volume of homes gain significantly from a year earlier;
- being located next to cities where a home-purchase ban is already in place and where non-locals make up a high proportion of the total home buyers;
- where local residents still complain about housing prices and are dissatisfied with current implementation of restrictive policies.
"I expect the new list will probably come out this month or September at the latest," said Song Huiyong, research director with Shanghai Centaline Property Consultants Ltd. "I predict investors will go to smaller cities where there is no ban on home purchases."
According to an earlier Centaline research which tracked 50 second- and third-tier cities where there are no curbs on people buying properties, 14 cities - including Langfang in Hebei Province, Weihai and Yantai in Shandong Province - are highly likely to be included in the new list as they have a notable proportion of out-of-town buyers and their home prices have risen rapidly in the first half of this year.
After tracking 100 cities, the China Index Academy, a real estate research body, forecast earlier that between 10 and 20 second- and third-tier cities nationwide may unveil home-buying curbs.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
