Land transfer 2.7 trillion in the three questions raised

 2010 the domestic land market transfer payments amounted to 2.7 trillion yuan, an increase of 70.4% ---

transfer payments amounted to 2.7 trillion yuan, an increase of 70.4% - Ministry of Land and head of the 7th meeting of land resources in the country on the disclosure of the data, revealing the domestic land market in 2010 a . In this regard, there are three issues to be explored: Why can land transfer, Huge Local

to November 2010, 120 cities nationwide floor residential land premium for the 2134 yuan / sq m, ring up more than 29%

■ land sale revenue

Why contrarian
high?

China Index Research Institute of the monitoring data shows that 120 cities nationwide in 2010 the total amount of land transfer to 1.88144 trillion yuan, an increase of 50%. Three of the city land transfer revenue exceeded 100 billion yuan.

Increase land supply is an important measure to control the property market last year. Data show that from January to November last year, 120 cities nationwide total supply of residential land transactions was 395.91 million square meters, respectively, 302.16 million square meters, an increase of 43%, respectively, 40%. In 10 major cities, 9 cities growth area of land transactions.

prices last year, 120 urban residential land floor price fluctuates frequently, and in July after the shock upstream; to November that year, 120 cities nationwide floor residential land premium for the 2134 yuan / sq m, ring up more than 29 %, an increase of 10%. Since November, the land market with high-quality, Hangzhou, Guangzhou, Wenzhou and other cities and re-emerge Price factors in some cities the contribution rate of land transfer is very prominent. For example, Wuhan, Nanjing and other cities to sell residential land area in 2010 year on year increase of less than 20%, but transfer payments is more than 125% revenue growth, high land is evident.

■ massive land transfer

whereabouts How?

full land transfer funds into the local budget management, local government truly a Some places the use of land transfer, For example, according to relevant regulations, all over the net income from the land to extract the proportion of low-rent housing guarantee fund shall not be less than 10%. But the Audit Commission in November last year, the audit report released in 2007 to 2009, there were 22 cities in the extraction ratio does not meet the requirements, a total of 14.623 billion yuan less extraction.

substantial revenue growth in the use of land, local government management and service concepts and capabilities is a challenge. Many people in the industry have pointed out in an interview, land revenue is not the hands of their own money, it is accelerating construction of urban infrastructure an important financial resources, care for the land revenue growth is justified; but when the majority of the people to become social housing problem problems, if too much emphasis on residents of land revenue and not willing to provide resources for construction of affordable housing, then the departure from the interests of the masses of the city's sustainable development.

■ local

will increase?

land transfer revenue is an important pillar of local finance. Treasury figures show that in 2009 land sale revenue to 1.42397 trillion yuan, an increase of 43.2%. Land revenue in the year the local revenue to 43.7%. Industry insiders estimate that in 2010 the total national land transfer revenues will exceed 2 trillion yuan, or in the proportion of local revenue is also likely to rise further.

the next 50 years or 70 years, one-time revenue collection, land as collateral for a huge urban development and construction loans, real estate development through access to a large number of GDP and tax revenue - the local government's can be said that China's rapid urbanization, a great A period of time, However, once the formation of

more and more people realize that At present, it is necessary to increase land supply to fill the gap between supply and demand in the housing market, but also to prevent the cities of This is a property control and the whole economic operation and management of a difficult problem. Housing Policy Research Center, Fudan University, Executive Director Ren Chenjie said land regulation to adhere to the

Jia Kang, director of the Institute of Fiscal Science, said, the gradual elimination of the local to the