Question:
Real estate development projects implement the capital system?
Q&A:
1996 On August 23rd, the State Council issued the Notice on the Trial Capital System for Fixed Assets Investment Projects (Guo Fa [1996] No.35). The circular stipulates that starting from 1996, the capital system will be tried out for various business investment projects, including capital construction, technological transformation, real estate development projects and collective investment projects of state-owned units, and investment projects must be implemented before construction.
(A) the concept of project capital
Investment project capital refers to the amount of capital subscribed by investors in the total investment of investment projects, which is non-debt funds of investment projects, and the project legal person does not bear any interest and debt of this part of funds; Investors can enjoy the owner's rights and interests in proportion to their capital contribution, or transfer their capital contribution, but they may not withdraw their capital contribution in any way.
(II) Mode of investment of the project
The investment capital of the project can be contributed in currency, or in kind, industrial property rights, non-patented technology and land use rights, but its value must be assessed by a qualified asset appraisal institution in accordance with laws and regulations, and it shall not be overestimated or underestimated. The proportion of industrial property rights and non-patented technology investment at a fixed price shall not exceed 20% of the total capital of the investment project, unless the state has special provisions on the adoption of high-tech achievements.
(3) funds for real estate development projects
The Regulations on the Management of Urban Real Estate Development stipulates: "A capital system shall be established for real estate development projects, and the proportion of capital in the total investment of the project shall not be less than 20%". In April 2004, in order to strengthen macro-control, adjust and optimize the economic structure, the State Council issued the Notice on Adjusting the Capital Ratio of Fixed Assets Investment Projects in Some Industries (Guo Fa [2004] 13), which raised the lower limit of the capital ratio of real estate development projects (excluding affordable housing projects) from 20% to 35%. On April 29th, 2009, the executive meeting of the State Council decided to reduce the capital ratio of existing fixed assets investment projects, including commercial housing.
Note: On May 25, 2009, the State Council issued the Notice on Adjusting the Capital Ratio of Fixed Assets Investment Projects (Guo Fa [2009] No.27), which stipulated that "the minimum capital ratio of affordable housing and ordinary commodity housing projects is 20%, and the minimum capital ratio of other real estate development projects is 30%". China Examination Network
The capital system is implemented in real estate development projects, that is, it is stipulated that real estate development enterprises must have a certain proportion of capital to undertake projects, which can effectively prevent irregular behaviors of some irregular enterprises and reduce the occurrence of "unfinished buildings".
Note: About ordinary commercial housing:
1. The Notice of the General Office of the State Council on Forwarding the Opinions of the Ministry of Construction and Other Departments on Doing a Good Job in Stabilizing Housing Prices stipulates that houses enjoying preferential policies should meet the following conditions at the same time: (1) The plot ratio of residential buildings is above 1.0; (2) The single building area is below 120m2; (3) The actual transaction price is lower than 65438+ 0.2 times of the average transaction price of houses on the same level of land.
2. At present, the standards of ordinary commodity housing vary from place to place.
(1) Urumqi stipulates that ordinary commodity housing standards must meet two conditions at the same time: the construction area of a single house is below 140 square meters (including 140 square meters); The actual transaction price is lower than 65438+ 0.4 times the average transaction price of the same level of housing.
(2) Changzhou ordinary commodity housing should be satisfied at the same time in principle; The plot ratio of residential buildings is above 1.0, and the single building area is below 144 square meters. The actual transaction price is lower than the average transaction price of houses on the same level of land 1.44 times.