Buy Shop investment trust property market rise

With three suites "limit loan order", or even "limit purchase order" and many other measures to regulate house prices, many of the domestic real estate investment funds demand under pressure. However, after the investment in residential housing was blocked, many people began to turn their eyes to shop investment, but also many high-end investors to take a new role in the recent active real estate equity investment funds.　　China Merchants Bank Headquarters Private Bank deputy general manager Wang Jingjing to our correspondent, recently many private banks high-end customers from the original direct investment commodity housing, to the allocation of shops, or through real estate trusts, private equity and other means of indirect participation in real estate investment. The phenomenon of real estate equity funds by high-end customers in addition to directly buy real estate such direct investment, through the capital market indirectly investment in the real estate market is more and more investors to explore the way.　　These indirect investment methods include the simplest purchase of real estate listed companies stock, bonds, and complex real estate investment fund investment, equity investment. Wang Jingjing, deputy general manager of private banking at the bank of CMB, told our correspondent that under the strict policy of controlling commercial housing investment, many private bank clients have increased in the allocation of equity investment. "At present the private bank launches the real estate equity product to receive the customer's hot hold." Among them, commercial real estate investment is the most popular, because commercial properties can be managed to achieve more stable equity returns. "Huasheng Lemon Investment Fund President WN, said in an interview with the media, compared to direct purchase of residential real estate, investment in real Estate fund industry unlimited size, can be 10 million, 100 million yuan, or even more." In addition, the leverage effect of funds is much larger than the direct purchase of property.　　He said that direct home purchase only used the leverage of mortgages, but real estate fund investment from the land, development to sell, each link has the lever amplification effect of funds. "From the very beginning of the land section, as a result of the current payment of land in some areas can still do instalment, in the process can use a leverage; in the development of loans, but also to achieve a leveraged efficiency; throughout the development process, through the pre-sale system, engineering cooperation units of interaction, That is, own funds and so on can again achieve leverage.　　"Wn said. Tips for selecting products to get a thorough understanding according to the financial statistics of the giant Ling, after entering the four-quarter, in just one months, there are 6 investment in real Estate trust products, the issue of the real estate Trust products issued a peak this year.　　These real estate trust products are expected to yield an average of about 10%, the minimum subscription capital of more than 1 million yuan. DTZ Hu Feng, director of the Beijing Valuation Division, said that more than 80% of foreign-funded foundations would set up renminbi funds in China, and a significant portion of that money would enter the property market. "Domestic real estate private equity funds from the beginning of March active, after the macro-control so that developers financing channels limited, participation in real estate funds to increase rapidly, competition is increasingly fierce, to September has entered the expansion period." Hu Feng said that future real estate private equity funds in the roomThe real estate finance market will occupy an important market share. However, experts advise investors to choose real estate funds as an investment, carefully consider whether the investment philosophy of the Fund and the individual investment concept of the agreement, on the project's detailed information and the situation is enough to understand.　　In addition, the investor background of Investment real Estate fund, the background of the Promoter, the background of the main investor and the information of the team are also concerned. The impact of the new deal on commercial property is limited according to the National Bureau of Statistics released the first three quarters of the country's real estate market performance data, compared with the same month ago, the office sales price rose 4.2%, commercial house sales price rose 0.3%, other housing sales price rose 0.6%. October compared with September, office sales prices rose 0.3%, commercial house sales rose 0.2%, while other housing sales prices fell 0.1%.　　Many industry experts said that the new deal regulation mainly for residential investment market, the impact of commercial real estate is not small, in the inflation background, rising rents, commercial real estate investment is a good investment after the housing investment is a better way out. High returns on office buildings according to policy requirements, the current banks have strictly stopped the issuance of more than a third set of housing loans to individuals, the second housing loans down payment and interest rates also increased sharply. Analysts pointed out that the current policy is mainly credit control, the suspension of lending greatly inhibited speculative funds into the commodity housing market, but the policy does not involve commercial real estate loans. "From the perspective of investment, commercial real estate can be seen as a good alternative to residential investment, the recent major cities, office buildings, shops and other commercial property to see volume and turnover earlier than the earlier increase."　　"A large property developer inside the sales people also said. "If we are going to continue to invest in real estate, we propose to invest in commercial residential housing and make residential investment very cautious." Wang Zhao, senior private banking adviser at Bank of communications, told our correspondent now is the right time to invest in shops, "the financial crisis, many foreign trade enterprises have closed, from the office to withdraw, resulting in a large number of office vacancy rate rise, the price of office buildings is a drop again, but the price of residential housing has risen again." "The real estate industry Personage says, the future income of commercial property is more stable and pluralistic than civilian residence." "In general, mature business projects have a return on investment of 5% to 8% per cent and are expected to recover costs from 10 to 20." From the recent market transactions, the area is relatively small, the total price is lower than the high cost of the shop is relatively tight. And in the investment of office building, in the long run, big city commercial class property prospect is broad. "Wang Zhao also believes that, in the long run, the return on office buildings is definitely higher than the residential, especially with China's economic recovery, the investment value of commercial housing is far higher than civilian housing." "If the customer has more than two housing units, it is recommended to invest in commercial premises and less residential housing." "The initial investment means high risk, but what about the bank's lending policies to invest in commercial properties such as shops and property hotels?"According to the reporter understands, at present each bank commercial real estate loan down payment general request more than 50%, even some mortgage loan can only borrow to three or four, the maximum loan age generally also only 10 years, and the loan interest rate also must not be lower than the same time benchmark interest rate 1.1 times times.　　However, compared with residential investment, commercial real estate investment is not limited by the number of numbers, and the amount of property in the name does not affect reinvestment. As a result, when exploring commercial real estate investment opportunities, financial advisers remind investors to pay attention to the high investment threshold of commercial real estate. On the one hand, commercial real estate per square price is several times higher than the residential, 50% down payment is generally over million, mature business project investment threshold can even reach tens of millions of dollars. The high initial cost of input means that investors have to bear greater risk. On the other hand, the commercial real estate loan is much shorter than the residential loan in the repayment life, and it will bring the large short-term cash flow pressure to the investor. In addition, the commercial real estate project transaction tax is generally 30%-60% of the transaction income portion, is much higher than the dwelling. Therefore, the commercial real estate investment to the investor in the property operation, the sale time grasps and so on many aspects has the high request. "If an investor changes hands within 3 years of buying a property, the transaction costs are not covered, and there is a high likelihood that it will outweigh the gains."　　"said the financial manager. Nanfang Daily reporter Huang