Shanghai Real Estate Macro Control Policies And Their Impact Study

In the last few years, the price of the real estate in Shanghai raised fast. The average controllable income of one person in the city residents in Shanghai increased obviously slower than the price of the real estate, so the residents'purchase ability for houses physically declined. The price of the real estate soars so fast that the common city residents feel indignant for they can not afford to buy houses. At one time the house price of Shanghai focused the whole municipal and even the whole country. In order to suppress the highly rising price of Shanghai real estate, stabilize the house price of Shanghai and promote the healthy, stabilizing and sustainable development of real estate market in Shanghai, from March 2005, the central, State Department and Shanghai government have enhanced the macro controlling of the real estate industry with a series of macro adjustable and controllable policies to keep watch on the land, finance, tax, banking, market and so on.The housing price rise of Shanghai drops gradually after the macro adjustable and controllable policies was carried out. In 2005, the average price of the merchandise houses of the whole city was 6698 RMB per square meter, which soared 9.2% compare to last year, and the rise ratio dropped 17.1% than last year. The housing supply structure improved and the supply amount of middle-low price common merchandise houses increased. However, the housing price still fluctuates at a high level, housing supply construction is still not reasonable and the real estate market is still disorderly.So as to realize the target of stabilizing the house price with those macro adjustments and controls, the Shanghai government, must insist on some basic principles as follows: The government of Shanghai must take on the duty to stabilize the house price; Insists to base upon mainly using economic means to synthesize to adjust and control; Insists to practice double face regulate and synthesize management for the supply and require; Take close concern on market changes, holding the degree of the adjustments and controls; Adopt the policy of...