Shanghai banks recommend the mortgage will not cut property taxes is expected to strengthen

12, on the Shanghai proposed property tax and a rumor uproar, everyone bated breath.

Prices rise too high in front of several large cities, only Shanghai has not yet introduced the new political rules, but many industry executives confirmed to reporters, "Discussion Paper has been issued, are within the comments."

Informed sources have told reporters that around April 19, the Shanghai municipal government related meetings have been held, but early in May increased by the level of the meeting.

It is reported that on May 6, the Shanghai municipal government convened the relevant departments and local regulatory agencies to meet again on how to put details of the local real estate New Deal. Participants revealed that the fastest possible Shanghai this week published details. Compared with cities such as Beijing, Shenzhen and Shanghai during the Expo is, how balance the interests of all, the test of all wisdom.

Beijing, Shenzhen, rules are made under the risk profile of commercial banks to suspend payment of the third set and over to buy housing loans, as well as more than 1 year can not be provided to local tax certificate or proof of social insurance contributions paid by non-residents to purchase housing loans suspended.

Listed on the Shanghai branch of a bank disclosed in May 6 meeting a few days before the Shanghai Municipal Government, the central bank Shanghai headquarters has convened a local bank, listen to their views and suggestions on the policy. Shanghai Banking Regulatory Bureau has also recently conducted an investigation.

The banks say interest from the business point of view, commercial banks certainly do not want to stop three suites loans across the board, because there is a lot of these customers in the rich high-income groups. Therefore, they feedback to the regulators, I hope not to stop lending across the board, but a way to increase the threshold limit of credit. But it may be policy-oriented macro-control dislocation.

In this regard, the participants believe that the loans are three suites eventually stopped lending by commercial banks.

But Guangdong has a precedent. Guangzhou Land and Housing Bureau spokesman Huang Wenbo said, stopping for three mortgage loans and other credit policy, the Guangzhou Land and Housing Bureau is mainly to provide timely information on market trends and work recommendations, the decision in the financial regulatory authorities and commercial banks.

In addition, the bank disclosed that the purchase of Shanghai may be introduced so that, specifically, the purchase of two local families, the purchase of a foreign person, and add a different set of restrictions on Beijing, Shanghai, the stock may be considered, but also that is, if a family has three suites, may not be re-purchase.

Shanghai 2009, the city's individual housing loans of billions of incremental, local residents and the "two things" to housing, accounting for nearly 6.5:3.5. Press further understand that last year 10 million luxury buyers in Shanghai, Shanghai, only 10% of local residence, while foreigners accounted for 23%, Macao and Taiwan accounted for 16% of purchasers.

According to his analysis, the Shanghai Real Estate Trading Center according to the information system data, calculate future property requirements.

While the participants who did not confirm the purchase of a say so. But many market participants on the purchase of the rumors serious doubts about the sound, one of which is the policy of the plan with a too strong color, and the practical effect of their policies may not be as expected.

More concern is the rule, or will include property tax collection methods of the rumors. It also makes Shanghai the expected introduction of real estate ownership tax increase.

There are indications that this means adding the voice of higher taxes. The participants believe that regulation should focus on Shanghai real estate long-term real estate market, to mix policy, some people have suggested that this means adding revenue.

However, another official said the Shanghai Municipal Government, the local details are still present study, the Shanghai real estate ownership tax can be studied, but the kind of tax, the pilot must be approved by the central level.

In addition, the implementation of property tax to maintain them very complex. According to the Bureau of Statistics, Shanghai house prices in April rose 11.6%, 12.8% lower than the national average, the chain rose 1.1%, lower than the national average of 1.4%. Some believe that a degree of speculation in recent months as Shanghai to other cities, but nevertheless, a bank regulation believe that, similar to Beijing, Shanghai and other first-line cities, housing prices have seriously out of people's income.

Related News

Shanghai property price reduction roadmap

Shanghai regulatory rules such as property ownership tax looming Close

Guangzhou version of the "National 12" for the time being no rigid credit requirement stops the three suites

Real Estate Tax Rates suppression effect is also to be seen

Related topics

2010 property market regulation storms

【More】 articles on Shanghai housing prices
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  • Shanghai housing prices down 2010-04-13 difficult
  • Developers said the Shanghai building is only as "capable people" ready 2009-12-14
  • Shanghai house prices in August rose 2 percent, or 2009-08-12
  • Shanghai housing prices decline was increased 2008-01-14
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  • Shanghai housing prices rose 50% for 6 months no longer traded spectacular? 2009-09-16
  • Shanghai World Expo, the prices will fall right? 2009-08-24
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