Government property control policies as scratch itch

 Government property control policies as itch scratch
2010-2-26 Southern Metropolis Daily
raise the stamp duty the Government's policy to stabilize housing prices, like Ma Sanli said that the crosstalk, scratched.
Said crosstalk is that there are people sleeping on the night of a whole body itch, I suddenly saw the secret transfer the seller side of the road, the man bought. night itching, who took a solemn secret, opening layer after layer, after 30 multi- , the final recipe appeared in, Liangzi children, but slight ailment, can be scratched.
there is evidence to show that.
2 24 February, the Hong Kong release, Tsang said the increased risk of the real estate market bubble, causing difficulties in the Hong Kong people's concern for home buyers, the Government will introduce tax measures to increase the transaction costs of property speculation. John Tsang to make basic judgments, in the current low interest environment, the mortgage payment ratio of total government revenue quite healthy.
suppress the reporter questioned the property market is not enough, Mr Tsang replied that the Government can introduce many measures, is very easy to push over the property market. But depressed property market, any move will affect a wide range, now has 80 million -90 million in home ownership, any measures will affect them, be careful response, including the overall economy, liquidity, property supply and demand, speculation and the burden capacity. Therefore, the Government introduced measures to stabilize the property market, is the result of careful consideration and evaluation. In other words, the Government has many weapons to curb housing prices, such as raising interest rates, rates, introduction of eighty-five thousand, have received out of business before the bubble miraculous, the reason for the current itch scratch using conservative therapy, because of the general health of the real estate, real estate will affect the situation as a whole can not be reckless.
John Tsang did not say is that there are signs that, with the the rise in the dollar index, a withdrawal of hot money trend in Hong Kong. At present the rate of capital inflow and the size of Hong Kong is declining. As of last Dec. 16, the Hong Kong banking system's fund balance is less than 3,000 billion, only a month ago, the had also reached a record number of over 5,000 million. In other words, the data show at least the near future more than 2000 million of funds withdrawn from Hong Kong. According to the Hong Kong Monetary Authority statistics, this year Feb. 1 to 23, just 23 days in Hong Kong and the withdrawal of funds of 249 billion Hong Kong dollars. the real estate market to rely on hot money the firewood to the fire lit, and now the hot money has been withdrawn, what it is necessary to vigorously suppress the real estate market?
turnover in the real estate market decline. Last year, the Hong Kong real estate market price rises to 27%, to 11,12 began to decrease. submitted to the HKMA, the Legislative Council in a document that the number of Hong Kong real estate transactions per month since last September has been when more than 11,000 in January 9000 to 12 or so. The Hong Kong Land Registry published data also shows that Hong Kong in December 2009 the number of these agreements than in November fell by 0.7%, and the contract value of more than 11 March fell 10.5%.
Hong Kong real estate is the world's cargo turnover fell at the tight product, but not excessive considering tightening policy, the volume of Hong Kong's real estate bubble does not show the rapid decline after the collapse of .
the Hong Kong government will not do not want to go to war, but fine-tune real estate, wielding the magic of stamp duty may be increased 高档房. Hong Kong Financial Secretary John Tsang said the Government will use the appropriate tax measures, the increase in property speculative transaction costs, reduce the risk of a property bubble. He suggested that from April 1 this year, since more than 20 million yuan will be stamp duty on property transactions tax rate, from 3.75 percent to 4.25 percent raise, while not allowing these buildings tax deferred exchange buyers. At the same time, the Government will closely monitor the 20 million yuan or less the situation of property transactions, such as speculation that overheating will consider extending the scope of the measures.
understanding of the Mainland stock market people will never forget the stamp.
the transaction is part of the so-called stamp tax, the original intention is to reduce the volume of transactions, curb market enthusiasm, less speculative impulse. This logic contains the following clues: trading volume is the culprit, if volume down, cooling the market, speculation will not exist. stamp only receive short-term effect of the securities market in the mainland stock market crash caused Banyejijiao raise the stamp duty, no U-turn in the previous few days. stamp duty is expected to be clear , and over collect a point is a point, but not the same as the property tax value of the investment of wealth for the root of the problem.
government financial officials to use the stamp duty construction, intended to scare real estate investors, with poured cold water so that the real estate market restore calm. the real estate market itch? Then scratched. If the money flow continued to rise significantly, if the rich continue to stream in Hong Kong and mainland buyers, then consecutive interest rate, taxes and other heavy weapons will raise rates the library.
Note: The reason why housing prices in Hong Kong is also of concern or two, because the mainland has become the benchmark of hot money.
Hong Kong is a real concern Offshore Center, in a recent series of actions, and Shanghai to World War three hundred rounds.