On March 29, at the Boao Forum 2019 Annual Meeting Sub-Forum - "30 Years of the Property Market", Xu Shanda, former deputy director of The State Administration of Taxation of China, said when talking about real estate policies, that now China has put forward a policy in general about real estate - purchase restrictions, and real estate as a whole to formulate policies, this method has major flaws.
Xu Shanda Visual China Image
Xu Shanda said that there is absolutely no surplus of houses in first- and second-tier cities. "I once wrote a book, real estate to inventory, only applicable to individual cities in third- and fourth-tier cities, first- and second-tier cities do not exist at all, but there is insufficient supply, like Beijing, Shanghai, began to increase the supply of land, to build more houses, this is a very important feature of our country's real estate and many countries are different, our urbanization process is still evolving, so first- and second-tier cities, its house is not a surplus problem."
In Xu Shanda's view, China's real estate has developed for so many years, and it should first be divided into three categories, including affordable housing, co-ownership housing and fully market-oriented housing.
Xu Shanda believes that the first thing to do is to solve the basic housing of low-income groups. Secondly, co-ownership housing is needed to solve the housing needs of a group of workers in large cities. What's left is a market-oriented house.
Xu Shanda pointed out, "The current house price, whether it is a high-end house or what house, anyway, how many square meters are sold in a month, added together by a division, how much is a square meter, this signal is often misleading, if it is all the house prices increased by 5%, but you this month's low-grade houses sell more, high-end houses sell less, and finally the statistics show that the house price is declining." If the house prices have fallen, but my high-end houses have sold more, so divided, the house has risen again."
In Xu Shanda's view, "should be divided into three types of price signals, let everyone choose by themselves, for example, I want to buy co-ownership, I only care about this price, I am a relatively high income user, I pay attention to the market price, the current comprehensive house price is a big distortion of the market price." Now the interest rate of the loan is good, or the purchase restriction policy, the basis is to first divide the housing into three categories, in each category you think about what policy should be used to do this thing, the responsibility of the government and the responsibility of the government of co-ownership housing are not the same. ”
For the real estate tax that the public is concerned about, Xu Shanda pointed out that many experts have made a lot of predictions about the real estate tax, but from the progress of the National People's Congress and the State Council, the word used is "steady progress." ”
Xu Shanda believes: "Steady means that there can be no chaos, and all controversial issues must be agreed upon." I don't think anyone can speculate on the timing, but I don't think this thing (real estate tax) will come out as long as there is instability ( chaos) situation. ”