The construction of affordable housing in the hott

2022-08-01
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The construction of affordable housing in second - and third tier cities is mixed

Guide: two factors affect the government's enthusiasm for affordable housing construction and land costs restrict the commencement progress. From the construction data of affordable housing projects that have been made public in all provinces and cities across the country, the construction progress of affordable housing projects in all regions is mixed, but in general, the economically underdeveloped provinces are significantly more active. Shaanxi, new

the government's enthusiasm and land cost restrict the construction progress of affordable housing projects

according to the published construction data of affordable housing projects in various provinces and cities across the country, the construction progress of affordable housing projects in various regions is "mixed", but in general, the economically underdeveloped provinces are significantly more active, and the construction commencement rate of affordable housing in Shaanxi, Xinjiang, Shanxi, Ningxia, Gansu and other economically underdeveloped regions is far ahead. According to the analysis of insiders, the high enthusiasm of local governments and the low cost of land are important factors for the construction of affordable housing in some second - and third tier cities, which are characterized by high operating rate and fast construction progress of affordable housing

by the end of July, all affordable housing construction projects in Shaanxi in 2011 had started, and projects were added beyond the specified tasks, making the affordable housing construction rate in Shaanxi reach 105.4% in the first half of the year. Among them, 120000 sets of affordable housing have been started in Xi'an, completing 96% of the annual task. For another example, Chongqing municipal government attaches great importance to the construction of affordable housing, and its operating rate is higher than the national average level of controllable synthesis of ultra-small carbon nano lattice in MOF template. When visiting several affordable housing projects in Chongqing, it is found that the construction management mechanism of local affordable housing, especially public rental housing, has been quite perfect, and the construction progress and other specific index data can be found in the relevant departments

at the same time, the operating rate of affordable housing in some provinces and cities is still unsatisfactory. By the end of June, Hunan had 447200 affordable housing units, with an operating rate of 49%. Among them, none of the planned projects in 10 counties (cities) such as Zhuzhou County, Changning City, you County, Qiyang County and Huitong County started this year. The annual construction rate of affordable housing in Henan was 47%. Among them, the operating rate of Pingdingshan City is 35.4%, that of Xinxiang is 31.07%, and that of Kaifeng is 28.05%

in terms of construction projects, second and third tier cities tend to prefer affordable housing projects. Such projects have low risk and fast capital return, and are relatively promising high-quality affordable housing projects for real estate enterprises. The public rental housing project is the most serious funding gap in the construction of affordable housing. Due to the low profit margin and slow capital return, social enterprises have not been enthusiastic about participating in the construction of public rental housing

the latest data from the Ministry of housing and urban rural development shows that the operating rate of 10million affordable housing units nationwide has reached 56.6%. However, the construction of affordable housing in the second and third tier cities presents the characteristics of mixed joy and sorrow. The overfulfilling of construction tasks and the serious shortage of construction rate coexist

the survey found that compared with the first tier cities, the economic strength of the second and third tier cities is relatively weak. Under the background that the "purchase restriction order" is extended to the second and third tier cities, the "interest game" between local governments and other participants in the construction is quietly emerging; The income from land transfer in some cities is difficult to maintain a high growth, and there are still hidden worries about the source of funds for affordable housing construction. Special or changing the water level; It is suggested that all localities should speed up the research and establishment of the investment and withdrawal mechanism of private funds, innovate the way in which social forces participate in the construction of affordable housing projects, and ensure the completion of the construction objectives of affordable housing

there are hidden worries about the continued investment of funds

land revenue or shrinking developers' capital pressure increases

many industry insiders and experts pointed out that the obstacles to the construction of affordable housing are still funds and land, and in the future, the "interest game" between local governments and other participants in the construction will gradually surface

it is learned that the current modes of local governments and social enterprises to jointly build affordable housing can be divided into BT mode (i.e. "construction handover" mode), agent construction mode and auxiliary construction mode. Among them, the mode of "commercial housing with affordable housing" to complete the goal of affordable housing construction has become the first choice of local governments in most second - and third tier cities. For example, huangyanrong, vice governor of Sichuan Province, said that at present, the province requires all commercial housing projects to build 5% of public rental housing projects when transferring land

at present, most local governments in second and third tier cities only rely on local finance to invest in affordable housing for a long time, which is "powerless". On the one hand, since the macro-control of real estate last year, some investment demands and real estate developers have moved to second - and third tier cities, making the local land transfer income and house prices rising. The expectation of purchase restriction in the second and third tier cities may lead to a sharp decline in the income of local governments that are highly dependent on land finance

even in Chongqing, where the construction of affordable housing is more active, there is still great financial pressure in some areas. When a local district head was asked about the difficulties in the construction of affordable housing, the other party said that "we have not done enough and will continue to work hard". As for the difficulties faced, he said it was inconvenient to answer. The head of a county in Hainan Province also admitted that almost all the local fiscal revenue came from land transfer. Although there are few indicators for the construction of affordable housing in the county this year, the project funds are almost self raised by the society. As for the continuous investment of funds in next year and the following years, even the supporting funds for roads, public buildings and other supporting funds in the later stage of the annual affordable housing project in Changping Town are still in the "still thinking" stage

on the other hand, the economic growth effect brought by the construction investment of affordable housing projects is obvious. The latest research report points out that the construction of affordable housing is expected to drive the growth of real estate investment by about 10%. Government decision makers in second and third tier cities face a dilemma

as far as developers are concerned, the construction profit of affordable housing is low. Most enterprises will think twice about participating in affordable housing projects in second and third tier cities. Wangjuelin, deputy director of the policy research center of the Ministry of housing and urban rural development, believes that local governments and other participants must jointly explore the construction mode of affordable housing suitable for the local actual situation

first, the risk problem is in the adeka project. The relevant person in charge of a large state-owned construction enterprise told them that their participation in the construction of affordable housing mostly adopts BT mode, so they give priority to first-line or quasi first-line cities. Even the second and third tier cities must choose those cities and counties with rapid economic development and superior regional policies as the cooperation objects. He said that the biggest disadvantage of BT mode is that it requires the construction unit to advance funds for development, and there are risks brought about by government default and market fluctuations in the later stage. Previously, they had been "written off" by local governments. "Mainly considering the repurchase of follow-up projects, fund recovery and other aspects, we suffer losses when encountering local governments with financial difficulties."

second, financial pressure. In addition to undertaking various urban construction supporting facilities related to the project, real estate enterprises now add the construction of affordable housing. Although the land acquisition cost in the second and third tier cities is lower than that in the first tier cities, the sales price is also far lower than that in the first tier cities. If some local governments want to solve the problem of affordable housing construction funds only by relying on the income from land transfer, they are undoubtedly likely to completely throw the financial burden to the real estate enterprises. Industry insiders have pointed out that affordable housing and limited price housing can also recover costs through direct sales, while public rental housing "only rent but not sell" requires more capital precipitation, which is even more stressful for real estate enterprises that are "King" in the capital chain

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