In the context of the sub-market movement, the land market has become fragmented, even in the country's currently strongest housing prices。
Increased regional fragmentation
At a land auction on august 7th, the smallest piece of land that has given way in recent years - - the shang an zone 2014xp04 commercial plot was won by the shang men sea real estate development corporation (hereinafter referred to as the sea sing estate) for 518 million yuan, with a floor price of 12,634. 15 yuan/m2, a premium of 57. 93 per cent and promotion to the new landlord of the shang an zone。
The plot, which covers 17,000 square metres of land and covers only 41,000 square metres of construction, is worth $328 million at the start of the auction and $8,000 per square metre at the start of the auction. It attracts nine housing companies, including vendors, builders and others, to compete for the site, which is highly competitive and ultimately won by the seaside properties. It is worth noting that the area in which the plot is located has produced four landowners and that the maximum floor price record has been updated。
In another area, which was subsequently auctioned, the largest parcel of land to be relinquished this year — the 2014 tp02 commercial plot in new city with a total building area of 3,343 million square metres and a start-up call price of 2,641 million yuan — only two companies took the card. Following the opening of the auction, the house was unscathed, the embarrassing scene lasted almost five minutes and was eventually filmed for no price。
It was also the first time since november 2010, almost four years later, that residential land was being filmed in xinmen. In response to the daily first book (weibo), chairman wang and chairman of the real estate evaluation board, wangzaki said that while the two plots were still looking at hot cities such as xiumen, they were more likely to take smaller, better-positioned plots under the pressure of capital, which were not particularly good, large, and in need of large amounts of money, and were not favoured by developers。
“reflection highlights the pressure to develop business finance. The average cost of all development finance is over 15 per cent. There's no big deal without money.” wangzaki said that small plots, though high unit prices, were popular because of the low financial pressure to make some fine things slowly. In his view, in the light of the current slowdown in the land market, governments should shift their thinking towards “zeroing” of land blocks, with small aggregate prices, which would be more conducive to enterprise project planning and the avoidance of financial risk。
The chief market analyst, zhang daewei, analysed the first financial journal and, in the current context of the downside of the market, housing enterprises have become more cautious and divided, not only between cities, but also between different regions and different attributes of land within cities, the root cause of which has been a slowdown in market growth and increasing risks。
Researchers at the shanghai institute of eternal estates have made drastic leaps to inform journalists that many housing companies are now concerned about the high price of land, which affects subsequent development. But for small plots of high-quality land, there is still a greater desire to “take it”. The advantage of such plots is that the total price is relatively low and that there is great potential for future development. The current financial constraints on housing companies, however, still require access to quality plots for expansion, which do not pose too much pressure. Moreover, such products are likely to result in small and sophisticated business pole projects in the future。
Local state enterprise
In the context of the downturn in the land market, some local governments, under pressure from taxes and land finances, often take measures to “tow” local state enterprises, such as the introduction of high-quality plots, lower prices, hottening the land market and stimulating the city to warm up。
On 6 august, an online auction of residential land in a town in zhengzhou, with the number 50759529, was held at a premium of $124. 3 million, representing a premium of $128. 65 per cent, equivalent to $16. 14 million per acre and a floor price of $161,143. 46 per square metre, which became the new dual “glory of zhengzhou”。
The developer of the landlord project was not a brand-powered housing company, but a local state-owned housing company, zhengzhou state integrator limited. The company was established on 17 december 2007 by zhengzhou investment holdings ltd. Zhengzhou investment holdings ltd. Was established by the people's government of zhengzhou city and registered with the zhengzhou city bureau of commerce and industry in october 2005。
All alone, in xiamen, the landlords of several land auctions since this year have also seen local state enterprises. It was also a blessing to build a local state enterprise. In a previous land auction, held on 14 may, two parcels of land were auctioned at a high premium. In a series of several hundred rounds of intense competition, local housing companies, china national trade and real estate, ltd., eventually won j2014p01 block in the united states of america at a total price of $3196 million, with a floor price of $1313. 55 per square metre and a premium rate of 64. 4 per cent. The price exceeded the previous price of us$ 12,066. 37 per square metre by becoming the new landlord of the colony。
Earlier, on the morning of 23 april, xiamen welcomed the first annual land auction, in which the commercial land block 2014xp01, located in shang an, was finally won at a total price of $580 million by xiamen national trade controls ltd., at a floor price of $12,000 per square metre and a premium of 50 per cent。
Wangzaki’s analysis of the paper shows that, since this year, out of the land concessions made by china, except for world trade and paulie, which is a national brand-named housing company, land-based enterprises are powerful local state enterprises. State-owned property enterprises in xiamen are very strong and account for more than half of the local property market, which is rare throughout the country. In the event of a downturn in the land market, local state enterprises can come out to the market and effectively guarantee the smooth price of concessions。
“does the government appoint the head of the state enterprise to call him to city?” wangzaki said that, through the local state, the market would not decline in theory, and prices would not fall, even if they were lost, and that it might be possible to earn back after two years of rising land prices。
In the process of land concessions, some local governments can indeed suggest that such state enterprises are actively taking land, thereby taking advantage of the state's efforts to inject a powerful dose into the city. According to zhang dawei, other firms may be under a lot of pressure, but local companies are strong, which is one of the reasons why they can come out and get land
Responsible editor: zhang dei
[whispering information cellular client downloading]
