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subject: How to Limit the Housing Price [print this page]


It is understood that the core of the approach include: when there was a substantial price rises, the provincial government agreed that the provincial price authorities have the right to limit sales of commercial property prices shot directly, such as direct limits the profit level, direct sales price limit and so on.

Evaluation of a real estate industry, said National Development and Reform Commission through the relevant departments such as the visible hand of regulation and control of real estate is not surprising. Because under the current "Price Law", the price department to take such measures can be done according to the law.

"Price Act" provides for five categories of commodities and services to the government-guided prices or government pricing, of which three are as follows: First, national economic development and people's lives and of great importance to a small number of commodity prices; the second is a small number of scarce resources commodity prices; third is a natural monopoly prices. Many analysts thus believe that, combined with the reality of ordinary commercial housing prices return to pre-housing reform "government pricing" has its own rationale.

It should be noted that, in the use of "Price Act" regulate the real estate market, some local governments have been trying. September 1 this year, since the implementation of the "Shenzhen City real estate market regulatory measures" clearly states: the general price level of the real estate market volatility and other abnormal conditions occur, the price can be integrated management of real estate development in conjunction with the relevant authorities enterprises to take notice, the meeting, written notice, interviews, etc. to give advise caution, warning reminded of yet on price behavior norms, the violation of laws and regulations, from the price supervision and law enforcement departments for punishment according to law.

Back in May, there have been media reports that the Development and Reform Commission is leading the drafting of a ratio of "ten countries" more stringent regulation of real estate policy, which involves the Government in the property market in the play what role. In the year the State Council on the implementation of the "Government Work Report" division of opinion in the key departments, "to promote stable and healthy development of the real estate market," column, as the lead unit of the Department of Housing and Urban Development and Reform Commission is ranked second.

How to Limit the Housing Price

By: Serena Du




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