Shanghai's property market is heating up in a frenzy, with the government withdrawing the Housing Authority and urgently halting land sales.

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) -- Shanghai Municipal Party Secretary Han Zheng recently presided over a meeting of shanghai's construction and transportation system cadres, announced that the urban and rural construction and management committee, housing security and housing authority will be abolished, meaning that Shanghai has no housing authority since then. A wave of uneven, heavy again, Shanghai in recent days, the emergency call to stop the transfer of 5 fast land. This year all the way up the Shanghai property market, encountered this short few days of "changing days", meaning that regulation began ... Shanghai abolishes the Housing Authority! Han Zheng: Shanghai's high housing prices if not regulated will affect the smooth and healthy development of the economy On October 9th, Shanghai Party Secretary Han Zheng presided over a meeting of shanghai's construction and transportation system cadres, announced that Shanghai will abolish the urban and rural construction and management committee, housing security and housing administration, responsibilities integrated into the Shanghai Housing and Urban-Rural Construction Management Committee (referred to as d'e.m. urban construction), while the city construction and Shanghai urban and rural construction and transportation work committee co-office. In other words, there will be no housing authority in Shanghai, and housing and transportation will be closely linked to become the overall planning of the two parts. As for the intention of withdrawing the Housing Authority, Han said: "Shanghai as a very large city, the development of the real estate market has its own characteristics, but Shanghai's housing prices are always high, if not adhere to regulation, will affect the sustained, stable and healthy development of Shanghai's economy, but also weaken the competitiveness of the city." "On the face of it, there is no obvious logical relationship between shanghai's withdrawal of the Housing Authority and the proposed regulation of housing prices, but Han Zheng's proposal of "house price regulation" is indeed an urgent matter. Previously, China Economic Network reporters have reported that the first half of this year with the overall recovery of the property market, the north to Guangzhou and Shenzhen first-tier cities, high total prices of real estate transactions have increased significantly. Among them, Shanghai's total price of more than 10 million properties sold a total of 2,967 units, sales increased by 150% year-on-year, the highest in the first-tier cities. Shanghai's luxury housing market sales continue to go up, the most exciting real estate practitioners are The volume in August, according to Xu Zhijing, an analyst at Tongze Consulting Research Department, in August this year, Shanghai's property market turnover reached 1.2458 million square meters, four consecutive months of sales reached a high of more than one million square meters, and became the "strongest" August since 2010. The property market is hot, not a problem, the real problem is that Shanghai's property market is hot only the "luxury market" this head, small and medium-sized sets of ordinary commodity housing land supply significantly reduced, the structure of the imbalance is unreasonable and unscientific, whether for economic development or the improvement of people's living standards, are serious obstacles. In Secretary Han's speech, there is one point "cut to the point": "Shanghai real estate market currently has two major structural problems: office housing, commercial housing investment growth is too large, too large, the supply of small and medium-sized commercial housing is seriously inadequate, especially the market-oriented new commercial housing, small and medium-sized sets of supply and demand contradictions prominent." For such a problem, the Shanghai authorities gave the explanation that Shanghai's land supply is unreasonable, small and medium-sized sets of ordinary commercial housing land supply significantly reduced, and this may also be an important incentive to abolish the Housing Authority. Therefore, for the newly formed Housing and Construction Commission, the important task is to study and formulate binding measures to carry out land transfer structural adjustment under the condition that the supply of land remains unchanged. "This time Shanghai abolished the Housing Authority, the public opinion in the community is a wide wide, some people say that this is a good thing to streamline the organization, enhance the function, some say that the housing management into urban construction, can be more reasonable overall planning, and some say that there is no direct effect. However, no matter what other action Shanghai has to take against the property market, it will follow Han's statement at the meeting: "We must firmly resolve to reduce the dependence of economic growth on the real estate industry, we must remain determined, we must not alleviate the problems of the moment, and the use of short-term stimulus policies, to be responsible to the public, responsible for the future." "Shanghai three days to stop the transfer of 5 pieces of land as mentioned above, Shanghai's real estate market regulation after the withdrawal of the Housing Authority, is bound to continue to have action. The temporary cancellation of land promotion, a number of land transfers were called off, the management of the great integration ... Shanghai's land market has recently begun to "change the sky". According to media reports, on October 12th, the high-profile planned land parcel, the D7 lot in Xinjiangwan City, Yangpu District, received an unexpected notice: the suspension of the operation. In addition to Yangpu District, from October 12 to October 14, four land transfers were suspended in Songjiang, Qingpu and Jiading districts. At the same time, originally scheduled for October 16th, the autumn 2015 business land investment promotion will be told to cancel. The average price of new commercial housing in Shanghai climbed to 355,000 yuan per square meter in September, up 11.27 percent from a year earlier, according to the China Index Research Institute. Data from Shanghai Chain Home Market Research Also show that during the "11th" Golden Week, Shanghai's commercial residential turnover was 113,200 square meters, up 62.37 percent year-on-year and the highest level since 2011. In a good situation, Shanghai recently this series of "surprise" action, can be said to be the hot real estate market instantly poured a "cool heart." According to reports, Fudan University Real Estate Research Center Director Zhai Bocheng this "auction stop" incident as the Shanghai municipal government for the property market regulation of a clear statement, "is to tell you, 80 to 90 square meters of small households can be built more, moving more than 200 square meters of luxury homes are not approved." Recently, Shanghai residential land is basically a premium transaction. Land prices have risen, developers and home buyers will have 'will rise' psychological expectations, this round of stop land transfer, the government's determination to regulate is obvious. Market supply can not "shave the head of the pick a hot" according to the easy-to-live real estate research institute released data show that in September this year, including the north to Guangshu, including the country's top ten typical urban land transaction area slightly increased, land transfer gold hit a new high since 2014. Revenue from land transfers in 10 major cities was 101.5 billion yuan, up 89.7% month-on-month and 63% year-on-year, up sharply from the previous month and the highest since 2014. The first-tier city property market is rising alarmingly, the Shanhai municipal government can not be unaware of the seriousness of this "hot head", said Zhai Bocheng, "Shanghai housing prices are not can not rise, is not too fast rise, the city center as long as less rise, regulation is successful." Rising land prices will naturally drive expectations of future house price increases, so land prices must first be stable. "Emergency call to stop land auction is nothing more than to smooth the land market, the current Shanghai office housing, commercial housing investment growth is too large, the amount of ownership is too large; For such a problem, the explanation given by the Shanghai authorities is because the supply of land is unreasonable, small and medium-sized sets of ordinary commercial housing land supply significantly reduced, from this point of view, only after the return of the land market to rationality, the government can further regulate the imbalance in the structure of the property market.