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Wen Jiabao: Housing Prices Are Far From Returning To A Reasonable Price &Nbsp; Regulation Can Not Relax.

2012/3/14 18:47:00 8

Housing Price Macro Regulation And Control Real Estate

The five session of the eleven National People's Congress held a press conference on March 14th (Wednesday) at the Golden Hall on the third floor of the Great Hall of the people. Premier Wen Jiabao met with Chinese and foreign reporters and answered questions from reporters.

People's Daily:

Hello, premier, people's Daily reporter asked questions.

The recent round of real estate market regulation, we are all very concerned about, the Central Committee's determination is very big, the intensity is also very big, some cities.

housing price

Has begun to fall back.

May I ask premier, to what extent does the housing price fall to the target of regulation and control? In addition, in the face of economic slowdown and local financial pressure, will the housing market control be abandoned halfway? Thank you.

Wen Jiabao:

I recently took a sense of responsibility to seriously review the real estate regulation from 2003.

In fact, we have put forward 6 regulation measures in 2003, eight in 2005, and six in 2006.

But why is regulation not effective? The masses are also blaming us, saying that the higher the price of housing is, the less Zhongnanhai the policy will be.

I heard it very distressed.

I think

Real estate market

It is related to various policies such as finance, finance, land and enterprises. It involves the interests of the central and local governments, especially from the land acquisition.

When it comes to the interests of financial enterprises and real estate enterprises, the resistance to reform is quite large.

Why this two years real estate regulation has seen a little bit of light in the hard work? Some progress has been made.

First of all, our determination is firm and unwavering. Secondly, we have seized a key problem to curb speculative and investment demand and adopted targeted policies and measures.

For the real estate market, I have a basic view that China has a population of more than 1 billion 300 million and is in the stage of industrialization and urbanization. The demand for housing is rigid and will continue.

Of course, we say that living in residence does not mean that people have their own houses.

From the point of view, we should encourage more people to rent houses.

As for the development of the real estate market, I have several viewpoints: first, we must maintain the long-term stable and healthy development of real estate.

If we blindly develop, the emergence of an economic bubble will not only affect the real estate market, but also drag the whole economy down.

Second, what is a reasonable return of housing prices? I think reasonable housing prices should be able to adapt housing prices to the income of residents, and match prices with investment and reasonable profits.

Now I can tell you clearly that housing prices are far from returning to a reasonable price.

Therefore,

Regulation

Can't relax.

If we relax, we will lose all our previous efforts and will cause chaos in the real estate market and will not be conducive to the long-term healthy and stable development of real estate.

Third, there is no doubt that the development of real estate should give full play to the basic role of market allocation of resources, that is to say, we should make full use of the market.

But the hand of the government can not be lacking because it is more stable and promotes fairness.

Thank you.