The occasion of New Year last year, December 31, the Shanghai Bureau of Finance announced in 2009, local financial revenue of Shanghai for 254.03 billion yuan, an increase of 7.7%.
This data is rare, according to the Shanghai Municipal Government's argument that the past 2009, since the development of the Pudong New Area of Shanghai's economic and financial operation of the most difficult year, open the first few months of its fiscal months, once a row of negative growth situation.
Reversal, from the property market rebound in 2009.
Shanghai's real estate continued to blow the next volume has been stretches to the end of 2009, the Shanghai financial contribution of the stream of income. The authority of this newspaper has learned from the Shanghai Municipal Government, Shanghai in 2009 revenue, incremental part of the 50%, the stock of some 25% of the contribution comes from the real estate industry.
This mixed picture in terms of financial structure in Shanghai. Of instability in the real estate industry, the Shanghai Government is worried that their income will increase financial difficulty.
December 21, 2009 Economic Work Conference held in Shanghai, the Shanghai Municipal Party Committee Secretary Yu Zhengsheng said that although the Shanghai last year's financial growth exceeds its original expectations, higher revenue growth since the real estate industry, the structure is still irrational. Yu said that to take firm measures to safeguard the people's livelihood needs, must study the system of initiatives to overcome the preference for land revenue.
December 29 last year, the Shanghai public regulation of the local property market, "Shanghai 4" from the line with the state of the real estate tax and financial policies, strict land supply policy, and increases in general commodity housing land supply, accelerate the establishment and improvement of housing security system, strengthening the monitoring of the real estate market supervision and regulation of Shanghai property market in four major areas.
How many pairs of open policy years 2010, affecting the property market, statistics show that last year, December 28 to January 3 this year, New Year's first week, the Shanghai commercial housing turnover Only 21.5 million square meters, the chain fell 31%; the supply of new houses volume of 18.4 million square meters, the chain fell 31%. New Year's first week, the Shanghai property market start to cool.
Shanghai University of Finance and Real Estate Director of the Center for Economic Research told the newspaper India-kun China, the Shanghai property market, the impact of the New Deal for the fiscal revenue mainly circulation, from the New Year's Day week, the property market performance, the property market is in wait and see attitude, to reduce liquidity.
This reporter learned that the Shanghai Municipal Government hopes to achieve by 2010 fiscal revenue of around 8%, this goal will allow Shanghai to face more challenges.
Shanghai an important contribution to the financial strength of
December 23, 2009, Shanghai People's Congress one month in advance to enter the budget review, which the local People's Congress in Shanghai, is the first time. But by the end of January, the Shanghai will be held in two places, here, the Shanghai high prices will undoubtedly become the focus of their attention on behalf of members.
The last day of 2009, the Shanghai Bureau of Finance announced in 2009 the city's land area to create the total revenue reached 776.1 billion yuan, including local fiscal revenue of 254.03 billion yuan, an increase of 7.7%.
Monitoring data show that in 2009 (as of December 29) National 60-year urban land transfer receipts increased by over 100%. Among them, ranking first in Shanghai, its land transfer fee of up to 104.3 billion, becoming the first city to sell gold more than 100 billion.
Real estate sources of income, accounting for Shanghai Finance dominant position, this is not a phenomenon unique to 2009. Shanghai to change this financial structure, in fact, long way to go.
Since 2003, 7 years, the Shanghai property market's ups and downs, and Shanghai is closely related to fiscal revenue.
In addition to 2009, the well-known, in 2004 and 2007 an average of the Shanghai property market, "bull market of the year", the Shanghai Statistics show that in 2004 sales of commodity housing in Shanghai throughout the year were 206.474 billion yuan, a jump of 58.8%; 2007 The data for the 270.63 billion, an increase of 47%.
In 2004, the Shanghai city's local fiscal revenue of 111.972 billion, an increase of 24.5%; 2007 Shanghai local fiscal revenue of 210.263 billion yuan, an increase of 31.4%, showed a substantial increase of more than 20% or more.
In 2006 and 2008, Shanghai's real estate "bear market", which two years of commercial housing sales in Shanghai 217.708 billion yuan respectively, an increase of 0.7%, 160.847 billion yuan fell sharply by 40.6%. In this connection, in 2006 the year Shanghai local fiscal revenues were 160.037 billion yuan, an increase of 11.6% in 2008 to 238.234 billion yuan this data growth of 13.3%.
Enter 2010, the external economic situation in no uncertain, the Shanghai real estate while maintaining control of the State Council, "Country 4", in 2010 when the property market confusing, Shanghai, the financial situation this year, is also facing greater pressures.
By the end of December of last year's economic work conference, Yu Zhengsheng also pointed out that although real estate is an important pillar industry, but also the emphasis on people's livelihood, housing has a dual properties, both market properties, but also the people's needs. Shanghai property market regulation and control of tower cranes, has relied on people's livelihood.
New Trend of the property market
In 2009 the property market Hui-G last bus passes, in a series of New Deal under the influence of waiting to see the potential Zhou Qi.
Shanghai University of Finance and Real Estate Director of the Center for Economic Research kun China and India, said the practical effect of the New Deal has yet to be market feedback, the more moderate policies, even though the people I hope that policy act as a disincentive effect of housing prices, but because of the policy for the second-hand housing tightened so that second-hand housing market is not active, the total supply to reduce house prices likely to rise.
Shanghai property market trend this year, India and Kun-hua pointed out that the amount of atrophy, insufficient supply, prices will not fall. Scarce resources belonging to the fine decoration, lot better apartments, villas, garden house prices are likely to rise.
Shanghai property market, according to the New Deal, in October 2008, Shanghai, announced the local property market rescue measures, provided that the end of 2009 was terminated, the basic all adjustments cancel.
This section includes, deed tax, the individual purchase of 90 square meters and the following ordinary housing, concessionary duty rate of 1 percent, adjusting for only the first suite to enjoy; personal income tax on the transfer of the original individuals own more than 2 years, and is the only living rooms made family income exempt from personal income tax, the period to 5 years.
The most important is that the "Shanghai four" new states: that have loans to buy a home, and then apply for a loan to buy the second set used to improve the living conditions, the need to prove the city and the per capita housing area of less than average conditions in order to enjoy the lending rates seven off 20% down payment and the lowest proportion of preferential policies.
Transaction costs due to increase in 2010 to open the property market with a low profile start to year, according to figures from last December 28 to January 3 this year, New Year's first week, the Shanghai commercial housing turnover Only 21.5 million square meters, the chain down 31%, new supply of 18.4 million square meters, the chain fell 31%.
At the same time, transaction costs, so that second-hand housing market increases circumstances, Shanghai is now the major second-hand housing as an intermediary, the owners hung out a general price increase of more than 5% so as to shift the tax burden after the implementation of the New Deal.
Analysts told the newspaper Xue Jianxiong in government policy and market adjusted series of the double pressure, the volume will appear in the first quarter fell sharply, while the developers to delay pushing plate, new supply will be a corresponding decline. At the same time, the market discounts the voices of the market will be increased to provide lubrication. Perhaps, in the second quarter increased the supply of developers, the property market will be re-warmed.
Liu Yugang in Shanghai property market analyst, analyzes, land transfer revenues in some regions the proportion of revenue is high, such as Shanghai Hongkou District accounted for 60% -70%, no exaggeration to say that Land is the lifeblood of finance, this policy mainly depends on the land involved in the implementation of the circumstances, he fears, "she might be, as in previous years, the same as the clean-up idle land, let the matter rest."
"But most importantly, the land transfer revenues will not be reduced, for Shanghai, the land has always been part of scarce resources, its price will not fall." India Kun-hua.
