Sea 6 billion in building new “prime sites” back no worries about the financing of Chinese architecture
Abstract: China Overseas Property hampering Poly, Vanke and other giants, to 5.97 billion yuan into the bosom of their football, the premium rate as high as 194.8%, equivalent to the floor price of 17,153.3 yuan / square meter. This is also great dragon in November last year with 5.05 billion real estate to create Beijing’s new “prime sites”, the state-owned real estate development enterprises in Beijing, the most generous on the land market. …
China Overseas Land will become a one Taiwan “to King Machine.” After winning the day before yesterday, Zhongshan “prime sites” after the titles and captured in the sea yesterday, once again, to 5.97 billion yuan of astronomical Fengtai District, Beijing Hua Xiang won six rings the village land, in the refreshing land record at the same time Beijing has become the New Year, the nation’s total price and double the highest price floor “to King.”
Low-key in the sea Bianshen “prime sites” specialized households
Yesterday afternoon, the Beijing Fengtai District, Hua Xiang six laps Village A residential land for the project on-site auction, after a fierce fight lasting half an hour. Poly Real Estate hampering the sea, Vanke and other giants, to 5.97 billion yuan into the bosom of their football, the premium rate as high as 194.8%, equivalent to the floor price of 17,153.3 yuan / square meter. This is also great dragon in November last year with 5.05 billion real estate to create Beijing’s new “prime sites”, the state-owned real estate development enterprises in Beijing, the most generous on the land market.
In fact the second half of last year has been low-key real estate began in the sea off the land market, and frequently it down “to King.” In September 2009, photographed in the sea to 7.006 billion yuan, Putuo District, Shanghai Changfeng 6B, 7C block, won the national total at that time, “to King” crown.
October 28, 2009, 29 Japan-China Overseas Land to spend 3.8 billion yuan, respectively, 41 billion in Foshan, Chongqing gains “prime sites” after the October 30 afternoon, shot once in Shenyang, to 3.5 billion high prices will be well-known bad Last House, “Holland Village” Block in the bag and set of land transactions in Shenyang the highest turnover in the history of the land area of the largest on record.
Entered in 2010, the sea continue to issue force in order to total 386 million yuan in Zhongshan District, Zhang Xi won the East Hebei Shiqi “Taiwan Tsai,” commercial and residential plots, floor price of 1822 yuan / square meter, a premium of up to 179%, becoming the new Zhongshan “to King.”
No worries about the financing of vast hinterland of China Construction
China Shipping Annual Report showed that in 2005, 2006, 2007, 2008 additional land reserves were 1.754 million, 653 million, 10.3 million and 279 million square meters in 2009 is the sea five years in the land market, the largest one-year action.
Why take to the sea since last year, so radical? Jia Peng, director of real estate business tomorrow, that is the first of the sea real estate has sufficient cash flow. China Shipping Development (600026, shares bar) has been very strong, with sales well in 2008, Vanke’s price cuts before the first price reduction, effectively repatriate money. In the first half of last year’s financial statements, the profit of the sea more than 20% of listed companies in the industry the best businesses.
“China Overseas Property currently have an urgent need to take to expand. In the sea, land mostly in the years between 2005 -2,007 take, the current amount of land bank is not.” Jia Peng said.
Publicly available data, China Overseas Real Estate from August 2008 to July 2009 a full year, the sea has not won a piece of land property. China Overseas Property insiders said that in 2008 the market is not good, the company did not take to avoid risks, and in 2009, when the market turns for the better, started to actively get to.
In the sea there is a significant background, providing great support. Chinese architecture is the sea aboard the ship in the parent company of real estate directly holds 51.7% stake in the sea. In the sea frequently charge forward in the land market, the China Construction provides a great support.
For example, last September, China Shipping to spend 7.006 billion yuan, Putuo District, Shanghai Changfeng plot photographed three days later announced a partnership with its parent company China Sea in construction and in the construction of Baju joint ventures to develop the plot, the total shares of the sea 50 %. Therefore, the actual needs of sea-borne land transfer is only half the total price for the 3.5 billion.
Frequency-made “prime sites” the risk of
End of 2009, the real estate industry, wind mutation, the state began a series of control measures against the real estate. Industry analysts, the real estate industry is a storm coming. Accumulation in the sea from the end of last year a large number of “prime sites”, market conditions suddenly change, and in the sea need to pay for their own impulse to do?
“China Overseas Property is too crazy, Fengtai floor piece of land costs over 17,000 yuan / square meter, when the time sold for sold for at least 35,000 yuan / square meter, which is outside the South Fourth Ring the price too high.” Beijing Normal University Huang Hsing-wen, deputy director of the Real Estate Institute of view, in the sea this negative impact on the market is not small, because the role of benchmarking too large, may be to promote regional house prices.
“In the sea great expectations for the future. In the current situation, house prices certainly does not rise as high ground. In the sea also face greater risk.” Huang Xing-wen said.
Developer’s views are different. Vanke Beijing Xiao Jing, director of marketing told reporters that the so-called risks are temporary. “At present, look at this price is relatively high, but as time goes on, these places will not look too expensive. Beijing house prices as a whole is expected to go up, so take to the sea is very strong.”
Jia Peng also believed that the sea-based products to win are in the high-end real estate development, so high-priced “prime sites” are also able to shift the cost of refined products.