On June 29, 2012, Deputy Planner-in-Chief WANG Bing of BMBLR chaired the panel discussion about the situation of real estate land utilization in Beijing in the first half year of 2012. Related departments of Beijing Municipal Commission of Development & Reform, Beijing Municipal Bureau of Statistics, Beijing Municipal Commission of Housing and Urban-Rural Development, persons in charge of People's Bank Beijing branch and Beijing Real Estate Valuer Association, of some real estate developers and agents, real estate appraiser consulting firms, of BMBLR's divisions and Beijing Land Science Society, attended the discussion meeting. The meeting aimed to analyze and discuss the trends of real estate development in Beijing in the first half year of 2012, and predict the land utilization situation in the second half year, so as to provide the government with the basis of macro-economic control.
At the meeting, attendees conducted a deep discussion about the macro-economic tendency, real estate credit situation, real estate marketing status, land supply, current difficulties in land supply, etc. Then a consensus was reached: 1) Beijing saw a stable economic development in the first half year, but will face growth pressure in the second half year; 2) Real estate credits continued going down yoy, the credit for land development remained stable with a slight drop; 3) The real estate market become stable and rebound; 4) Housing project for low-income urban residents completed investment, the built residential areas goes up rapidly yoy. The attending enterprises suggested that: 1) Beijing municipal government should remain the continuity and stability of regulating policies for the real estate market; 2) While encouraging real estate developers to take part in the housing projects for low-income urban residents, the government should further specify the policies for such housing and back-purchases.
Mr. WANG finally concluded: 1) Well analyzing the land utilization for real estate was not only to put the working requirements of Ministry of Land and Resources and the People's Government of Beijing Municipality into practice, but, as one of the important measures to timely grasp the real estate market, especially the land market tendency, was the active willingness of BMBLR; 2) Continuing to closely study and judge the market trends, strictly implement the state's macro-control policies to strengthen the research of the macro-economic trends and policy orientation, deepen the policy direction and flexibility, and promote the stable, sound economic development in Beijing; 3) All units should do well the formulation of supply plan of state-owned construction land in 2013 with deep analysis and planning, so as to ensure that the land areas for housing for low-income urban residents and middle and small commercial residences are no lower than 70% of the housing land supply, which is to further bring into the role of plans into play and to guarantee the orderly development of the real estate market in Beijing.
