• Standard for Common Housing Widen, Tax Reduction Enlarge in Beijing

    Li Wenjie, the manager of middle plain real estate of north of china said that, “Beijing’s salvation policy has come out with so many expectation.” But he still thought, “The strength is not powerful enough, and it was influenced by the underdeveloped real estate market.”

     

    Li Wenjie said that Beijing’s new policy largely encouraged the citizen’s regulate the consuming plan, and showed the power of building the houses under the policy. At the same time, the standard for the common housing will be defined again, which enlarged the people of enjoying the free tax and loaning. It was good news for the real estate market.

     

    However, he also thought that recently every city performed some new policies of saving the market. Comparing with the measures Beijing put out yesterday, other cities’ were more powerful, especially shanghai and Hangzhou, which also reduced the selling tax producing during the exchanging, while these policies still can not promote the housing market.”

     

    “Taking the tax discount of the common housing, even though they enjoy 1% of the tax discount, the total money is not reduced by 2%. Nowadays, the real estate commercials easily sold it by 80% or 90% at a discount. Take one project at four rounds in east; formerly, it was 17 thousand, now it is 8.8 thousand. The depreciating did not excite the low mood of the housing buyers, let alone only 2% less.” Li Wenjie said.

     

    He suggested that the government should perform the much more powerful salvation policies, such as canceling the buying limitation for the foreign enterprises and individuals. 

    Published on November 27, 2008 · Filed under: Beijing;
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