Daily developments in the real estate market
Reporting period: 8 december 2022
Researcher: business research group
Policies
1. Central bank: increased lending to housing and construction enterprises through special “back-to-back” borrowing
On 5 december, the central bank's department of business management held a briefing on the need for banks to be able to manage their financial services in a stable manner and to help them alleviate their problems, to use policies such as “back-to-back” special loans and private sector bond financing support tools, to increase their lending to real estate and construction enterprises, to actively support the rational need for individual housing loans and to continuously optimize housing rental credit services. The first is to focus on accelerating the impact of financial resources through targeted re-financing with adequate policy development of financial instruments, carbon abatement support tools and cleaner and efficient use of coal, science, technology and innovation, equipment upgrading and transport logistics. The second is to further scale up efforts to help reduce the risk of creating confidence and steady expectations for market owners. Thirdly, it supports the smooth and healthy development of the real estate market. The fourth is to secure the implementation of the anti-telecom fraud act and further advance the governance of the “financial chain”; continuously promote the optimization of account services and the facilitation of payment services; and maintain bottom-line thinking to ensure that basic financial services, such as payments, cash and so forth, continue to be available during the epidemic。
2. Ministry of housing and construction: the development of guaranteed rental housing reits is promising and socio-economic effectiveness is emerging
On 8 december, the deputy director of the housing security department of the ministry of housing stated at the event that the development of the guaranteed rental housing reits was promising. At present, the good socio-economic effects of the guaranteed rented housing reits are initially evident. However, there is still room for reflection that, in order to contribute more effectively to the work on the reits, there is a need to continue to broaden the distribution base and to further refine the policy of tax incentives for guaranteed rental housing. As a next step, the ministry of housing and urban and rural construction will work with the relevant departments to improve the policy on guaranteed rental housing reits。
Cvm: accelerate the construction of secure rental housing blocks in the reits market
On 8 december, the vice-president of the cvm, lee kuo, attended the event and stated that the reits pilot should be further expanded to cover new energy, water and infrastructure areas as soon as possible, that the construction of secure rental housing blocks in the reits market should be accelerated, and that research should be undertaken to facilitate the expansion of the pilot to market-based long-term rental housing and commercial real estate. He pointed out that further clarification of rits tax regulations had led to the involvement of structured long-term institutional investors, such as social security funds, pensions, enterprise annuities and the active development of specialized reits investor groups。
4. Turning over: reits pilots are in line with expectations and the next step will be to expand the scope of the pilots
On 8 december, in an open statement, the secretary-general and director-general of zhong qiu yong said that it was timely to promote the development of infrastructure reits, and that the task of building a high-quality chinese version of reits was also to turn up, with tight national strategies, “china identity”, high-quality development and steady progress in the piloting of infrastructure for public collection of reits. Overall, the pilot results were in line with expectations. He noted that next steps would be to steadily expand the scope of the pilot and increase support for projects in the areas of supply chain stabilization and livelihood security. Continuous efforts have been made in the areas of market organization development, institution-building, basic asset expansion, project regularization and investor awareness-raising; pilot lessons have been learned and a broader consensus has been forged to promote smooth and healthy development of the reits pilot。
5. Turning up places: encouraging housing enterprises to rely on the distribution of infrastructure reits
On 8 december, in an open statement, cai jianchun, director-general of cai, cai, stated that, in order to widen the market's breadth and depth as soon as possible, the establishment of a multilayered reits market should be accelerated, the regularization of guaranteed rental housing reits promoted and the building of rental blocks in the reits market built. At the same time, high-quality real estate enterprises are encouraged to rely on qualified storage logistics, industrial parks, and the distribution infrastructure reits. Further expand the type of assets covered by the reits pilot and encourage new energy and infrastructure projects such as new infrastructure projects to conduct reits pilots。
Shanghai city: a continuous infrastructure reits pilot to promote more high-quality project distribution
On 8 december, wang huajie, deputy director of the shanghai city development and reform commission, stated at a public event that the shanghai city council and the municipal government attached great importance to the implementation of the infrastructure reits pilot. He described the introduction in shanghai of the reits 20 measure. Next, the shanghai infrastructure reits pilot exercise will continue, using this innovative tool to accelerate the virtuous circle of assets in stock and new investments and to better fulfil the critical role of effective investment. The focus will be on areas such as land for r4 use, secure rental housing, industrial parks, etc., taking into account the realities and characteristics of urban development, with a focus on leveraging the assets of state-owned enterprises, better engaging private enterprises, promoting more high-quality projects and providing stronger support for urban construction and industrial transformation in shanghai。
7 sichuan province, mongyang city: introduction of regulations for housing rental finance and strengthening of housing rental market regulation
On 8 december, in order to strengthen the regulation of the market for rental housing in the city of myeongyang and to regulate the behaviour of housing rental enterprises, the commission for housing and urban and rural construction of myeongyang city recently issued the scheme for the regulation of funds for rental housing in the city of myeongyang. It is mentioned that housing leasing enterprises should, within the city, select a bank that is linked to the myeongyang city housing rental services system, establish a city-wide exclusive housing rental fund to monitor a special account and conclude a city-wide unified financial control agreement. At the same time, bank clearing accounts (basic clearing accounts or general clearing accounts) are to be opened at the bank to take over the funds released by the supervisory account. The housing rental enterprise shall specify the regulatory account information in the visible location of the place of business, the housing distribution platform and the rental contract. The housing rental enterprise shall expressly agree with the lessee in the lease contract that the rent, deposit or deposit will be collected through a supervisory account and may not be deposited into other bank accounts or third-party payment platforms. The supervising bank releases the rent to the housing rental enterprise on a monthly basis from the beginning of a month after the date of expiry of the lease, if the rent is charged to the tenant on a single basis for more than three months or on a single deposit for a housing lease for more than one month. Housing rental enterprises may not require tenants to use housing rental loans by means of concealment, deception or coercion, may not induce tenants to use rental loans in the name of rent-splitting, rent-concession, etc., and may not include rental loans in housing rental contracts。
Financing
1. Transport bank: strategic cooperation agreements with 8 housing enterprises, including green city
On 8 december, the transport bank signed a strategic cooperation agreement with eight housing enterprises in green city, china, yosoo real estate, huai hua, long lake group, golden land group, dahua group, new hope real estates and the kung i holdings group. Under the agreement, the parties will further deepen their overall cooperation in the areas of real estate development loans, personal housing mortgage loans, m & as loans, bonds, supply chain financing and bond investments。
Kuzuki found: kyodong warehousing logistics material has been received and is expected to become the first public collection of reit for storage logistics
On 7 december, kasf reported to the closed infrastructure portfolio investment fund (kashidong warehouse logistics reit), which has received relevant material. This is the third single warehouse logistics reits, following the logistics of the kimpolos warehouse and the port of saltfield, which is also expected to be the country's first public storage logistics collection reit. The logistics infrastructure assets of the reit logistics warehouse in kaishingdong include three logistics parks located in chongqing, wuhan and the gallery, with a total construction area of 350,995. 49 square metres. The project's operations are generally stable and are currently in full lease status, with the duration of the lease being around five years, which is above the industry average of three years。
3. Pros: storage logistics closed infrastructure public collection reits status updated as “responded”
On 8 december, according to the information submitted to the source, the status of the china-kimplos warehouse logistics closed infrastructure portfolio investment fund project was updated as “responded”. The type of fund is the public collection of reits for infrastructure - the extension of distribution and sale, initiated by pros china holdings ltd., managed by china gold fund management ltd., with a special project called the two-phase asset support scheme for the sino-plos warehouse logistics infrastructure. The project was accepted on 29 september 2022 and updated on 7 december as “respondent”. According to the statement of claim, upon completion of the new acquisitions of infrastructure projects, the total infrastructure assets of the fund will consist of 10 storage logistics parks, spread over the economic zones of kyinzu, long triangle, tsinghai sea, quiang bay region and chengyuwan, with a total construction area of approximately 1,156,620. 02 square metres, valued at $7,038 million as at 30 june 2022, with an average hourly lease rate of 92. 72 per cent。
4- huaan fund: the zhang gang park closed infrastructure reits project is updated to “resulted”
On 8 december, the submission disclosed that the cipi fund for the yang guang park of hua an had been updated to “received”. The type of fund is the public collection of reits for infrastructure - expansion and sale, and the sponsors (original stakeholders) are zhang jiang (group) ltd., shanghai, and zhang gang integrated circuit industrial area development ltd., shanghai, managed by huaan foundation management ltd. The fund is an infrastructure fund, using the product structure of the public fund + infrastructure assets to support securities, the main features of which are as follows: first, infrastructure funds have different risk-benefit characteristics from public funds that invest in equities or bonds. More than 80 per cent of the infrastructure fund assets are invested in infrastructure asset support securities and hold their full share. At the same time, it is through infrastructure assets that the fund supports the full shareholding of the firm holding the securities in the infrastructure project and acquires full ownership or operating rights in the infrastructure project through carriers such as the asset supporting securities and the project company. The infrastructure fund is primarily aimed at securing stable cash flows such as rents, fees, etc. For infrastructure projects, and the share of proceeds is not less than 90 per cent of the annual amount available to the consolidated fund。
5 yadulé: contract with the agricultural bank of guangdong, which provides services such as credit, financing, etc
In recent days, yag has signed a comprehensive strategic cooperation agreement with the agricultural branch of guangdong province. Under the agreement, the agricultural bank's guangdong provincial branch and the yaquil group entered into a comprehensive strategic cooperation agreement to provide a package of financial services to the yaguille group, including comprehensive and in-depth cooperation in integrated crediting services, new real estate financing services, housing stock financing services and other financial services. At the same time, the agricultural bank's guangdong branch will support the reasonable financing needs of the yaguille group, giving priority to the provision of the necessary integrated financing services under equal conditions. These include services that are not limited to real estate development loans, individual housing mortgage loans, bond underwriting and investment, insurance letters, real estate merger financing and its ancillary services, rental housing finance, etc。
Investment developments
City of wuhan, hubei province: a total of $23,465 million in six batches of centralized land prices will be launched for the first time
On 8 december, the city of wuhan issued a centralized announcement for the sixth instalment of 2022. The project will be auctioned from 27 to 30 december. The city renewal project will be launched for the first time. The first urban renewal projects for the rehabilitation of old and old neighbourhoods in wuhan were carried out on two plots of land, p (2022) 130 in the jianghan region and the gu's four communities in mouth area 131. Out of this, block 130 gave up an area of 3. 05 million square metres, with commercial use, with an area of 119. 2 million flats and a start-up price of 2,187 million yuan, with a maximum price of 2,516 million yuan, and block 131 gave up an area of 237,000 square metres, with a residential use of 200. 2 million square metres, with a starting price of 1,526 million yuan and a maximum price of 1,754 million yuan。
Movement in camps
1. Land for china: two shenzhen projects have introduced secure purchase of benefits and have committed to a price reduction margin price
On 8 december, the shenzhen region of hua yunjiang recently introduced five peace-buying benefits for two projects in the city, the capital and capital. Benefits include regular disclosure of the full source of the home, a down payment of $50,000 for shenzhen, a full name marketing incentive of up to $60,000/set, and an offer of up to $70/set by the old owner for new clients. The chinese side also indicated that, from the date of signing of the agreement until the date of the sale of all the housing stock, a reduction in the price of the margin was promised, which was the first company in shenzhen this year to announce a reduction。
2. Light earth production: nearly 4,000 houses delivered early by the end of november
On 7 december, the guangdong guangdong group sent a public communication stating that, as of the end of november, 10 shipments of project 6 at guangdong and guangxi had been delivered ahead of schedule。
3 kim moo, china: 137. 5 billion in previous november and 14. 3 billion in single-month sales
On 7 december, kim mao, china, released unaudited sales data for november 2022. In november 2022, china contracted approximately 14. 3 billion yuan, representing an increase of 8. 3 per cent in the ring, a decrease of 19 per cent over the same period, and approximately 513,000 square metres, a decrease of 13 per cent over the ring, or 35 per cent over the same period. In january-november 2022, china's cumulative sales of kim mao amounted to 13,748 million yuan, a decrease of 35. 67 per cent over the same period; the cumulative sales area was approximately 6. 64 million square metres, a decrease of 43. 7 per cent over the same period。
China chun group: in november, contracts were sold for 42. 03 billion yuan, with 54. 4 billion yuan in sales during the year
On 8 december, the central group holdings released operational data for november 2022. In november 2022, the consortium achieved contract sales of approximately rmb 42. 20 billion, a 44 per cent decrease over the same period; and contract sales of 3,461 square metres, a 32 per cent decrease over the same period. The average sales price in november was $12144/m2. In january-november 2022, the consortium achieved contract sales amounting to approximately $5,444. 2 million, with a cumulative contract sales area of 4. 442 million square metres, a decrease of 44 per cent and 34 per cent, respectively. The average sales price for the first 11 months of 2022 was $12254/m2。
5 integration: cumulative delivery of approximately 150,000 houses in january-november
On 8 december, a micro-publishing was launched, and in november 2022 17 projects were delivered in 13 cities, approximately 10,000 of them. In january-november, cumulatively, some 150,000 units were delivered. By the end of november 2022, china had accumulated contract sales amounting to approximately $16. 110 billion, with a cumulative contract sales area of approximately 12. 183 million square metres and an average contract sales price of approximately $132,000/m2。
