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Expert:20-30% of real estate developers to be squeeze out
www.chinanews.cn 2006-07-03 17:49:18
Chinanews, Beijing, July 3 �C A Peking University professor recently
pointed out that after the banks raised their loan application threshold
to 35%, Chinese real estate market would encounter 310 billion yuan of
fund insufficiency. It is expected that 20-30% of property developers
will be squeezed out of the real estate market, and foreign capital,
various kinds of social funds and funds from other sectors will flow in.
In a forum held last Saturday, Professor Xu Dianqing from Peking
University��s Chinese Economic Research Center said that the 35% capital
adequacy ratio required by banks might be OK to large property developers
who had a relatively high capital adequacy ratio and small debt. For
small- and medium-sized property developers, however, the threshold might
be difficult to pass through. Some analysts predicted that 20-30% of
property developers might be eliminated in a certain time.
At present, the State Development and Reform Commission is revising the
Catalogue for the Guidance of Foreign Investment Industries. In the
book��s previous revised edition made of 2004, ordinary housing projects
were still categorized as the ��encouraging type�� for foreign investors.
Some analysts in the industry predict that in the new revision work, some
adjustments will be made in this aspect.
��China to strengthen handling of real estate law cases
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