"Cancel the pre-sale system?"
"Although there are unfinished buildings, we won't cancel the pre-sale system directly, right? Once the pre-sale system is cancelled, it will have a great impact on our city's real estate industry!" A member of the Standing Committee frowned slightly.
"I think it's good. In this way, the fittest can survive and the fittest can be eliminated, and the chaotic real estate industry can be rectified!" Of course, the executive deputy mayor was the first to support Qin Yi.
"If we don't straighten out the chaos in the real estate industry, no one can guarantee how many unfinished buildings will appear next time! When the unfinished buildings appear, won't our government take the blame? The economy needs to develop, but we must also pay attention to it. Let’s talk about people’s livelihood! Besides, the backbone of our economy is now less dependent on the real estate industry, so rectification is most appropriate at this time.” Dai Zhiyun, director of the CPPCC, also supported Qin Yi.
Some people saw that the secretary had not spoken yet, and some people still raised objections: "Mayor Qin, as of last year, our real estate industry supported a quarter of the city's GDP! This is not small!"
"Yeah, it's really not that small."
Qin Yi looked at everyone and said with a smile: "I know it is indeed not small, but after the rectification, a quarter of the share will only account for one-fifth of the city's GDP, which is still acceptable, because we will be in the first half of next year." A group of companies that have been tax-free for three years need to pay taxes, which will not be a problem for our fiscal revenue pressure! Isn’t it unreasonable for us to not rectify this chaos now that we have discovered it?”
Seeing Dai Zhiyun's statement, Propaganda Minister Long Renxin naturally followed suit: "Mayor Qin is right, and I also support rectifying this chaos!"
"I think this is better. The supervision of pre-sale funds can be stricter and no real estate company is allowed to misappropriate it. However, pre-sales must still be insisted on and cannot be banned. Once banned, it may not be possible for many real estate companies. They are all very uncomfortable and even dare not come to our Haitong City."
"What Zhou Standing Committee member said makes sense, but I think that in the face of this kind of chaos, we have to cut it across the board. We can't hesitate! If it were the previous economic structure of Haitong City, we would naturally not dare to do this. But now that our economy has achieved a certain transformation, why don’t we dare to do it this way?” Zhuang Mingde spoke slowly.
"Mayor Qin and I had a private discussion a few days ago. Let me give you an example that Mayor Qin mentioned. Hengtai Group has a registered capital of 3.9 billion and a current loan of nearly 2 trillion! I won't say more. Everyone can imagine for themselves, since our Haitong City is becoming less and less dependent on real estate, why not prepare for a rainy day?"
When everyone heard what Zhuang Mingde said, everyone was stunned on the spot!
"The loan is close to 2 trillion?"
"Hiss...don't you mean..."
"Don't talk nonsense, shut up, just understand in your heart!"
"Okay, I won't say much more, let's vote!" Zhuang Mingde finally made the final decision.
Voting has begun.
In the end, Qin Yi's side passed with 6 votes! The rest discard the votes!
Just kidding, the first and second-in-command nodded, and since there was a reason, they didn't bother to object anymore.
The next day, the government issued an announcement!
And every real estate company was notified!
When every real estate boss received this notice, they were all stunned!
"After one week, the pre-sale system will be cancelled! In the future, the sales of real estate must be capped before sales can begin!"
"What's going on? It's over!"
"Doesn't it mean that if you want to make money quickly like before, or you can't be opportunistic anymore?"
This is a devastating blow to some real estate companies with average or even no strength.
In other words, if they don't have enough funds in the future, how can they dare to buy land and build real estate?
The property has no cap and no pre-sales, which means you have to spend all your money to build the property and sell it!
…
Banking Regulatory Bureau.
When Liu Rong saw this government announcement, he was dumbfounded!
"Holy shit! What's going on? Cancel the pre-sale system after a week? Doesn't it mean that all new properties in the future have to be fully funded? Just wipe out a group of real estate companies with no strength!" Liu Rong's balls hurt.
This also has a great impact on their bank!
That is, the money paid out for the mortgage will definitely shrink greatly!
If there is a pre-sale system, the real estate company uses a sum of money to buy a piece of land, and then uses the land to go to the bank for a mortgage loan to build a building.
The pre-sale started as soon as the foundation was laid. The money from the pre-sale was misappropriated to buy land, then to get a mortgage loan, to lay the foundation again, and then the pre-sale funds were misappropriated to buy land and mortgage it to build a real estate. The cycle repeats! This is one of the reasons why Hengtai’s 3.9 billion can lend close to 2 trillion.
As a result, real estate owners will take out more loans and the loan cycle will be shortened!
Originally, if a real estate owner fully invested in building a real estate, he might take out loans two or three times in ten years. But if there is a pre-sale system, he might take out loans more than ten or twenty times in ten years.
If the number of loans and the amount of loans are large, doesn’t the bank just lend more and earn more interest?
Therefore, the pre-sale system has a huge business volume for banks!
But now that the government has canceled the pre-sale system, it will simply cut off a lot of business volume on the bank's side!
That’s why Liu Rong is jumping on the bandwagon now!
"Who came up with it?"
The most important thing was passed!
He immediately called to find out.
Ten minutes later.
"Mayor Qin proposed it, and Secretary Zhuang finally agreed?" Hearing this, Liu Rong's face turned bitter.
Both the first-in-command and the second-in-command agree to do this, so there is obviously no way around it!
…
However, many local people applauded when they heard the news.
"Can't pre-sale without cap? Great, great! This is great! I no longer have to worry about not being able to buy a good house."
In fact, when many real estate projects are pre-sold, many people are worried that they will become unfinished buildings.
But when these buildings start to be pre-sold, everyone is buying them. If you don't buy them, when the ceiling is really capped, all the good apartment types will be picked out, and you can only choose some bad ones. In this way, even if Taking the risk of being unfinished, many people can only bite the bullet and buy it.
Because in the past few years, almost all good real estate projects have been snapped up as soon as they come out!
I bought it too late and couldn’t even choose a good apartment!
But now you can't pre-sell in advance, and you can only sell it when the limit is reached. Then it depends on who is faster, and you don't have to worry about the appearance of unfinished buildings!
"This is good! It seems that the government still attaches great importance to this aspect. There were unfinished buildings before, but now they are rectifying the chaos immediately!"
