The real estate developers began
2011 reshuffle. Now, the reshuffle has been getting louder and louder voices.
lot of real estate debt ratio is high, undergoing from lust financing.
from the National Bureau of Statistics file show that in 2010 China's source of funds in real estate evolution companies, developers and dwellers Personal bank loans mortgage lend growth are premonitory ebb. The central bank data show thafter all year China joined real estate loans decreased year on year growth of 10% over the before year, of which real estate evolution loans over the previous year ashore year growth rate plunged Bacheng. Present, including large real estate developers, corporate debt, including the heave in China Vanke, Poly's debt percentage has approached 70%, some companies in extra than 100%.
money can not relieve the symptoms
hungry.
sources of development financing is 1 by an stop. Beginning final year, the scrutinize of bank real estate credit unpacking decomposition, this year was no sign of relaxing. Trust water is also small to fundamentally ease the financial pressure on developers. February 21, 2011, reported that But two days after February 23, the CBRC denied that: According to the Trust with a web benefit statistics, January 2011 publish of collective trust schemes, the scale of real estate believe 37% of the total trust. Wind message by statistics,
GHD Benefit Styler, the financial trust in fewer than two months of time on the issue of the 18 trust productions, which invest in real estate accounted for 1 / 3. For developers, the rising cost of financing the trust, mortgage leverage cheap interest rates and other rising costs, and general non-brand developers likewise are not high finance opportunities. Overseas financing is merely part of the major developers in the overseas listing of prerogatives, and little amount of the financing.
Since the elemental sale of the back segment
volume dripped sharply down, the bank honor with one daily real estate mortgage loans virtually 10 trillion or so. Instance, in 2009, sources of funding real estate development corporations 5.7128 trillion yuan this year, of which 1.1293 trillion yuan of bank loans, corporate self-financing 1.7906 trillion yuan, up 16.9%; additional funds 2.7459 trillion yuan, an mushroom of 71.9%. In additional funds, deposits and advances received 1.5914 trillion yuan, up 63.1%; individual mortgage loans 840.3 billion yuan,
GHD Green Styler, an increase of 116.2%, that is, bank loans,
GHD Midnight Collection, deposit and advance remittance, the mortgage money and so is the magnificent walls of iron, is the developer The majknow next to nothing ofurce of funding, and now volume decline,
GHDS, decline in loans and advances received, funds will be more tightening. From the second half of 2010, 预售款 has been monitoring small developers favor years. According to Moneta Securities magistrate, real estate developers,
GHD Salon Styler, this year may be a negate money stream, the breach in the independent hypothesis may be slightly higher than the 200 billion. This is an optimistic estimate.
the buy of that after the introduction of the citizen housing turnover is expected in February fell more than 50% full annual volume in 2011 fell 20% or more of the selling cost fell 5% to 15%. Stock and chief in accordance with the fetter estimates that this year will start the second half of the real estate market M & A wave, a handful of financial strength of the small developers are appropriate the object of annexation.
In response to difficulties, developers began to transition.
common transformation is diversification, restructuring corporate entities or resources for the enterprise, in order to obtain the right financing in the securities mall. So far in 2010, a aggregate of 16 listed real estate companies began to get contained in other business sectors, mainly in three main intentions, including fashionable industries, the financial industry and ore resources industry. This is natural stock mart, when the real estate industry so popular these days, numerous listed companies have injected into the real estate assets, altered into a real estate enterprise, when the real estate market is subject to pressure from the high-tech or resources have turned into enterprises, it is worth concern is that these companies intended to be turned the century-old real estate market, accordingly, means that these enterprises tin no be altered under oppression, can no chance the mainstay of the real estate market.
At the same time, some large developers or have the parent company financial aid of the developers have distended the contrarian, contrarian take, the mammoth real estate market will be horrible annexation at. February this year, Hainan Airlines, such for family equity into the acquisition of Nine Dragons Third, start the backdoor listing of the excursion afresh; Feb. 25,
GHD Carry Case Styler, in the sea, a subsidiary of Qingdao Haihua Industry Real Estate Co., Ltd. Henan, was competing in Qingdao Licang District, Green Fields Project 9 to blocks, a total measure of 3.286 billion transaction. Large enterprises, the central enterprises and some foreign-funded real estate companies in the stock market downturn of the sweep.
small developers are in cold water, large developers are still naught apt fear, the next few years, Chinese real possession industry, ambition greatly promote the degree of concentration, by this period namely the introduction of energy-saving rules, to promote the real estate quality of a nice period. China's real estate manufacture in a important fissile the eve of small developers are waiting as the starting gun gains.
Second half of the developers shuffle
Linear Mode
