Ministry of Land and Resources Policy and Regulation Department, Wang Shouzhi, in an interview with the China Securities Journal reporter said that the Land Department will continue to strengthen the linkage with the CSRC, CBRC, the land market monitoring and supervision system to extract part of the real estate land idleand a copy to the CBRC, CSRC and other departments.
Wang Shouzhi for alleged land idle speculation to the behavior of real estate development enterprises, the CBRC will be given to restrictions on the issuance of new loans for development projects, the SFC will be listed in its re-approval of financing and major reorganization of assets be restricted.
Under the Ministry of Land and Resources recently issued a circular requiring local real estate land left idle for more than a year to extract from the land market monitoring and supervision system, and a copy to the CBRC, CSRC and other departments.
The revised "idle land disposal methods shall come into force on the 1st. "Rules" idle land refers to "the people of the state-owned construction land use rights over state-owned construction land compensation for the use of the right to use the contract or the allocation of the written decision agreed provisions to commence development of a full year did not start the development of state-owned land for construction."
Has been to start development, but development and construction land area accounted for should commence development and construction of the total land area of less than 1/3, or investment has accounted for a total investment of less than 25% suspension of development and construction of state-owned land for construction of at least one year, can also be identified as idle land. 2011 routine Inspector of the national land inspectors found 918 projects in 43 cities in the land idle, involving an area of 8.84 hectares.
Nearly half of our idle land caused by the enterprises themselves. For this part of the idle land, "Rules" did not start to develop the full year, the local land departments to collect the equivalent of the land transfer price 20% of idle land; development has not started at least two years, free of charge to recover the land use rights.
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