Shanghai property market______12th NPC, CPPCC sessions in China

 Shanghai Party Secretary Han Zheng said in Beijing on the 6th, the Shanghai property market has recently appeared irrational overheated market sentiment in driving up prices, is not conducive to the healthy development of the real estate market, the need to strengthen regulation.

In China the official launch intensive drive "to stock" policy, Chinese first-tier cities recently on "running mode." In January, Beijing, Shanghai, Guangzhou, Shenzhen and four first-tier cities in new commercial housing and second-hand housing prices last month expanded 0.5 and 1.2 percentage points higher than the average increase respectively. 

(This will definitely influence the need for building material, like the rf door lock. Which will in other way, to uplift the quantity of the digital door locks.)

That same month, Shanghai newly built commercial housing prices rose 2.6% last month, in the "north of Guangzhou-Shenzhen" Four cities, second only to home prices rose 4.1% in Shenzhen.

Han Zheng this position, so that Shanghai has become "north of Guangzhou-Shenzhen" four-tier cities, the first made it clear that the regulation of the property market overheated city.

Han Zheng pointed out that the same day, a special housing market, its healthy development is not only an economic problem, but a problem livelihood of thousands of households. Currently the central demands is "because of the city Shi policy," so the official Shanghai will strengthen the regulation in conformity with the laws of science.

Han Zheng said that Shanghai is a country with more than 24 million people in the city, many people and limited land resources. So people solve the housing problem, the key is to establish and improve the "market" and "safeguard" two systems.

He explained that the market system according to the "main residence", "people-oriented" and "ordinary commercial housing first" three principles of good regulation. Security system will need more policies simultaneously, do our best to address the basic needs of low-income families and good needy families.

Han Zheng said the official also disrupting the market for illegal acts severely dealt with according to law, maintain the stability of the real estate market.