China Financial Daily

Land Resources Bulletin: residential land prices in 35 major cities rose more than 8%
Beijing on April 10 (Xinhuanet Yang Chao Pao) The Voice of China “subject reports,” 6:47 report, released yesterday, the year 2009, the first bulletin of Land and Resources will focus on the city to monitor land, construction land supply released into the area, monitoring shows that 35 major cities last year, residential land prices rose more than 8% surge in the risk of mortgage of land should be vigilant.

2009 Land and Resources bulletin covers the land, mineral and marine resources, geology and other aspects of environmental protection, but the conference site, in the context of house prices keep rising, the participating journalists raised the issue in seven of ten a focus on land prices and land supply. Land and Natural Resources Division regulation and monitoring inspectors Zhang Wanli frankly stated, Beijing, Shanghai, Shenzhen and other large line of urban land price rises. “Overall the rate of increase for 2009 is 5.6%, and in previous years, almost. But the regional distribution unreasonable, especially in Beijing, Tianjin, Shanghai, Shenzhen and other cities line the level of land prices is very high, driving the premium last year up. ”

Land and Natural Resources this year will continue to increase affordable housing for the land. Although the sign hanging system of land has repeatedly been widely discussed, but the regulation and monitoring of the Secretary, with the minister, said Liu, now we should uphold and improve the system of land transfer bills auction and: “To further increase the supply of affordable housing, the housing space of not less than 70%. on affordable housing is determined to protect the land, without any ambiguity. by strict conditions of land transfer, land transfer standard reserve price, bid qualification strictly adhere to the land transfer contract management, uphold and improve the bidding, auction and hang. ”

Land Resources Bulletin, as at the end of 2009, 84 cities nationwide mortgage land area of 217,000 hectares, an increase over the previous year over three percent, mortgage loans more than 2.5 trillion yuan, up more than 42%. Director Liu said that with the minister, to be alert to the risk of proliferation of land-secured loans. “Fundamental financial problems of land. The land mortgages and loans both increased, in fact, the local financing is a very important means to solve the financial problems of local, implicit, and increase the probability of risk, and now from the central to each sector are clearly aware of the problem, but still manageable. “

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