China securities journal reporter noted that with the recent release of positive signals from relevant departments, the reasonable capital demand of the real estate industry is being met. On the one hand, housing enterprises raise funds in various ways, on the other hand, the sales of some head housing enterprises in 1 1 month have improved significantly. According to industry insiders, meeting the reasonable needs of buyers and promoting the stable and healthy development of the market are still the main policy orientations at present.
Policy releases positive signals
He Miannan, chief real estate analyst of Everbright Securities, said that RRR's interest rate cut is conducive to the further repair of the liquidity of the real estate industry, the continuous recovery of development loans and mortgage loans, and the reasonable housing demand of residents and the reasonable capital demand of "leveraged" housing enterprises, thus maintaining the healthy development and virtuous circle of the real estate market.
Recently, the policy has gradually picked up. Last week, the China Banking Regulatory Commission said that at this stage, according to different local conditions, we should focus on meeting the demand for mortgage loans for the first home and improved housing, rationally allocate loans for real estate development and mergers and acquisitions, increase support for affordable rental housing, and promote the stable and healthy development of the real estate industry and market.
The People's Bank of China said that recently, domestic real estate sales, land purchase and financing have gradually returned to normal, some Chinese-funded housing enterprises have started to buy back overseas bonds, and some investors have also started to buy US dollar bonds of Chinese-funded housing enterprises.
CITIC Jiantou said that it has recently accepted the application for new bond financing from some high-credit housing enterprises, further releasing a positive signal. China Association of Inter-bank Market Dealers accepted applications for medium-term notes registration from Country Garden, Longhu Group and China Overseas Development.
According to industry insiders, generally speaking, meeting the reasonable needs of buyers and promoting the stable and healthy development of the market are still the main policy orientations at present.
Housing enterprises actively raise funds
In the context of the positive signal released by the real estate industry, housing enterprises are seeking financing in many ways. On February 7, 65438, Longguang Group and Shimao Group, two Hong Kong-funded real estate enterprises, both announced rights issue financing. Longguang Group announced that it plans to issue 65.438+0.72 billion shares at a price of HK$ 6.80 each, and it is expected to raise HK$ 65.438+0./kloc-0.69 billion. The net income will be used for the group's project investment and the general working capital of the group.
Shimao Group announced that it plans to issue 65.438+0.45 billion shares at an issue price of HK$ 86.5438+0.4 per share. It is estimated that the net raised funds will be HK$ 65.438+0.654 billion +0.73 billion. According to the announcement, the placing and subscription will strengthen the financial position of the Group and provide working capital for the Group.
On February 6th, 65438, Binjiang Group announced that it issued the fourth short-term financing bonds in 20021year, with the actual issuance amount of 900 million yuan and the issuance rate of 4.2%.
The agency said that since June 5438+065438+ 10, housing enterprises such as Poly Development, China Merchants Shekou and Jindi have started to issue winning tickets, and their financing purposes have also expanded. Wind data shows that in June, 5438+065438+ 10, the scale of domestic and foreign debt issuance of housing enterprises was 47.3 billion yuan, up 57% from the previous month. Among them, the scale of domestic bond issuance was 45.6 billion yuan, an increase of 65,438+008% from the previous month. The issuance scale of medium-term notes in the inter-bank market has greatly increased, and there will be more and more similar financial materials in the future.
The market is gradually stabilizing.
With the gradual loosening of market funds, the real estate sales market and land market stabilized by 5438+0 1 in June. Although institutional data shows that in June 5438+065438+ 10, the monthly performance of 80% housing enterprises decreased year-on-year; However, on a ring-on-ring basis, the monthly sales amount of some head housing enterprises increased significantly.
In June, 5438+ 10, Gemdale achieved a contracted area of 997,000 square meters with a contracted amount of 65.438+0.652 billion yuan; In June 1 1, the contracted area was 803,000 square meters, and the contracted amount was 65.438+0.743 billion yuan. On June 5438+ 10, Vanke A realized the contracted sales area of 25.8110,000 square meters, and the contracted sales amount was 410.95 billion yuan; In June 1 1, the contracted sales area was 2.538 million square meters, and the contracted sales amount was 43/kloc-0.50 billion yuan. The contracted sales of Greentown China self-investment project in June was about 20.9 billion yuan, and the contracted sales of June was about 25 1 0 yuan. Before 1 1 month, the company achieved contract sales of about 31900 million yuan, up about 38% year-on-year.
According to the data of Galaxy Securities, in June 5438+065438+ 10, the year-on-year decline in sales of the top 100 real estate enterprises narrowed, with a positive chain, but the urban sales differentiation was obvious. 165438+1In the month of October, the sales area of new houses in 30 monitored cities increased by -20.08% year-on-year and 14. 19% quarter-on-quarter. In the first, second and third tier cities, the growth rates were 12.06%, 25.35% and-1. 13% respectively.
The land market has also begun to pick up. China securities journal reporter noted that there was no land auction in the third round of centralized land auction, which was an overall improvement compared with the second round. The third batch of 1 1 plots in Shenzhen were all sold, 7 plots were sold at the reserve price, and 4 plots were topped and entered the lottery, with an average premium rate of 4.7%. Although the premium rate has decreased compared with the previous two rounds, there is no land auction and the overall performance has stabilized.