Wealth

Since the reform and opening up to the present, the development and changes of the domestic real estate market have roughly gone through four periods: initial formation, overheating of real estate, market adjustment, and cultivation of new economic growth points.

Before the reform and opening up, China had almost no real estate market, no real estate industry, only construction industry. Urban housing is mainly invested and constructed by the state. The built houses are not sold, mainly through the units where the employees are located, and are allocated according to the number of years of service, position, and educational background. For the allocated housing, only a token low rent that is almost free for use is charged.

This kind of housing system is usually summarized as a welfare housing system in which the state’s turnkey housing investment and construction are distributed to employees in the form of objects and used almost free of charge. Under this housing system, investment in housing construction has no return, cannot be recycled and turned around, and the low rent collected is not enough to cover the daily maintenance and management costs of the housing. Housing construction, maintenance and management have become a heavy burden to the country, and it is also a heavy burden on the country. Individual investment in housing has been suppressed, and the problem of urban housing shortages has become increasingly prominent.

After the reform and opening up, high-level officials asked whether they could solve the housing problem more broadly, such as allowing private housing construction or private construction with public assistance, paying in installments, mobilizing the money in the hands of individuals, and the state's solution materials. The potential in this area is not small. This kind of thinking broke the traditional view of public housing system and welfare system, and described the basic blueprint of the new housing system.

Two years later, it was officially proposed to implement a housing commercialization policy, allowing private individuals to build, buy, and own their own houses. Not only new houses can be sold, but existing houses can also be sold.

From the second half of 1992 to the first half of 1993, there was a sudden upsurge in real estate in many areas of China, with a sharp increase in real estate companies and high growth in real estate investment. The real estate market was dominated by land speculation and project speculation. Very active. In some areas, mainly Hainan and Guangxi Beihai, real estate development has overheated, forming a serious real estate bubble.

Judging from the situation in Hainan, by the middle of 1993, there were more than 10,000 real estate enterprises. Commercial housing is very popular. The completed commercial housing has sold out, except for some remote, inconvenient transportation or a small number of commercial housing built in a few counties. There is also a phenomenon of paying advance purchase fees for the purchase of commercial housing. The real estate market in Hainan is heating up rapidly, and real estate prices are rising steadily.

Overheated real estate investment has not only exacerbated the contradiction between the supply and demand of construction materials such as steel, cement, timber, and driven their prices to rise sharply, but also squeezed too much construction funds, resulting in insufficient funds for key construction projects in some countries. Inland capital has flowed to the real estate market in coastal areas. The price of real estate in coastal areas has soared. The rising real estate prices have added to the inflow of external funds, which eventually led to a serious imbalance in the development of the national economy.

Many real estate businesses have entered Hainan, not aiming at social needs, but are keen on speculation, trying to make huge profits by falling land, selling projects, and speculating on uncompleted properties. When the chain of speculation breaks, what remains is the precipitation of funds, debt entanglement, project suspension, and land idle.

Up to now, the four state-owned commercial banks of Industry, Agriculture, China, and Construction have invested more than 43 billion in the backlog of real estate in Hainan. If we add the investment of other financial institutions and other enterprises of non-state-owned commercial banks. , Construction companies’ advances, material payments, and prepayments for house purchases, etc., are estimated to account for more than 80 billion funds.

However, since 1996, the economy has changed from a shortage to a relative surplus, products cannot be sold, companies ceased production, and workers are laid off. Last year, it was affected by the Asian financial turmoil. Following the deflation of the entire economy, The real estate market has entered a low ebb.

So starting from this year, with the institutional reform to cultivate the housing industry as a new economic growth point, as well as the introduction and implementation of various policies and measures, the domestic real estate market and the real estate industry have entered a new period of development. All cities and towns across the country have stopped the physical distribution of housing, various preferential policies such as tax reductions and exemptions to invigorate the secondary housing market have been introduced, housing construction has accelerated, housing finance has exploded, and the housing secondary market has become active.

In April this year, the People’s Bank of China issued the "Notice on Increasing Housing Credit Investment and Supporting Housing Construction and Consumption". In order to promote the reform of the urban housing system and cultivate the housing industry as a new economic growth point, it decided to further increase housing credit. Investment to support housing construction and consumption. As long as the borrower meets the loan conditions, commercial banks can issue housing loans within the required scope of the asset-liability ratio.

In order to cooperate with the national housing reform, effectively start the real estate market, and actively cultivate new economic growth points, the Ministry of Finance, the State Administration of Taxation, and the Ministry of Construction have also introduced many new policies to encourage individuals to purchase houses and give tax incentives.

In this way, in the eyes of real estate business owners, now is the best opportunity to make money. The bank provides double loan assistance to business owners and consumers. Under such circumstances, it is of course the easiest to make money. Especially in places like Beijing and Shanghai, where everyone’s consumption concepts are more advanced, it is easy to accept this kind of overdraft future economic model, which is naturally the place to choose.

But with Fan Wubing doing this, tens of billions of funds are about to flood into the capital in a noisy manner. How can we not make everyone feel that people's hearts are fluctuating? Coupled with the current time-limited policy, it is obvious that it is to prevent land hoarding and land speculation, which will make a huge change in the real estate market in Beijing.

Although everyone has not seen the future trend of real estate industry exhibitions, after Fan's Investment Group, a predator, obviously has no good life of its own. How can real estate companies that still rely on loan inventories overcome their dependence? Fan's Investment Group with its own funds?

On the afternoon when rumors of the New Deal in the property market flowed out, Boss Zhu raised the matter at an office meeting of the State Council. He believed that in line with the principle of not wasting resources and preventing excessive speculation of land, the cost of land development would be too high. It is feasible, but let the housing reform team come up with a more specific plan so that it can be submitted to the National People's Congress for approval.

If it was a rumors before, then boss Zhu raised this question now, which means he is also prepared for action. The domestic affairs are like this. If the leadership does not make a statement, this matter may never be promoted, but if If the leader starts to care about one thing, the efficiency of each department is still very efficient.

Of course, even Fan Heng, who is as far away as Jiangnan Province, called his son Fan Wuyi as soon as possible to ask about the incident. "You and Boss Zhu are following the real estate policy. A major decision has been made on the board of directors. Isn’t there no connection at all?"

"The relationship involved in this matter is more complicated, but it is mainly due to the influence of Huo Tiancheng's case." Fan Wuyi did not deny his important role in it, and he explained to his father Fan Heng in detail. Fan, "Huo Tiancheng must die according to the law, but the real estate developers in Beijing seem to feel the sad atmosphere of the destiny of the real estate industry. Therefore, they want to exert pressure to affect judicial justice. Therefore, they are not willing to use administrative oppression too much. Next, I’m just doing a play with Boss Zhu."

"I know there is something tricky in this, otherwise you two would just sing and sing together--" Fan Heng thought that it was so, but this matter has nothing to do with him. The housing reform work in Jiangnan Province It’s just the beginning. If there is a relatively complete policy constraint, I believe there will be fewer detours in work here. In particular, he is worried that the real estate business will be too dark and the housing prices will be too high, and the people will not be able to bear it. Which has caused even greater social contradictions.

For the time being, whether it is Fan Wuyi's large-scale entry into Beijing to get involved in the real estate industry, or Boss Zhu’s intention to open the real estate industry within a limited time, it is a promotion of the formalization and rationalization of the real estate industry, which can curb the cost of excessive land speculation. High phenomenon, try to avoid another incident similar to the Hainan real estate bubble.

However, the cooperation between Fan Wubing and Boss Zhu received a miraculous effect. The real estate business alliance in the capital immediately collapsed. At this time, no one cared about Huo Tiancheng's affairs anymore, and everyone began to contact their own. Supporters behind the scenes, want to find out what is the reason for this new real estate deal. Will Boss Zhu pass this bill in the near future?

At the same time, some people are inquiring about Fan's investment group's trends, to see if Fan Wuyao really wants to enter the capital real estate market, or whether his executives are there to look forward to it. After all, according to Fan Wuyao's previous attitude, he seems to be a bit disdainful of the real estate industry ~www.wuxiaspot.com~ At this time, a big turn of 180 degrees suddenly came, and the change in his mentality could not help but make people suspicious.

However, Fan Wubing didn't seem to show up in public, nor did he announce any private opinions to the media. It seems that this rumor that has stirred up the real estate industry across the country is not the same as released by his own company.

When Fan Wubing answered the questions of several executives at the headquarters, he clearly said to them, "Housing reform is imperative, and the era of real estate development is coming. I was not willing to get involved in this industry before. Among them, it is because the time is not ripe, but now, obviously, if we participate in it, it will be more conducive to regulating the domestic real estate market, and controlling the entire Shanghai or Beijing housing prices so as not to increase excessively. And the level of housing prices in these two places, For the entire country, it is of considerable reference significance."

"What's the point of doing this?" Someone was puzzled.

"Suppressing the excessive rise in housing prices is conducive to protecting people's livelihood!" Fan Wuyi replied meaningfully.

He has a game of chess in his heart. In the future, he wants to support his father Fan Heng to stay on top. If he can effectively control the country's housing prices, he can share the worries for his father who has entered the top management in the future. This is a typical plan for the future.