Decimating real estate push drive 42 billion

After years of moderate growth, decimating property is entering a new round of rapid expansion. At the end of August, at the beginning of September, the real estate launched a series of new projects in Guangzhou, Beijing, Hainan and other fields to increase the push, and strive to achieve 42 billion of the year's sales target. In the past three quarters, the total amount of land reserves is also significantly accelerated, up to the current year to take more than 10 billion, the area of land than last year more than the annual surge of about 5 times times. In the more than 30 billion-point hovering over a few years of the decimating, now facing the inflection point of growth in operating performance, in the year 42 billion after the sale of the company in the Ming and the next will sprint 55 billion, 70 billion. September 2, decimating the August sales figures. The total contract sales in August were about $3.564 billion, with a total contract sales area of about 280,000 square metres, up 20% and 23% respectively from July. As at the end of August, this year, the total contract sales amounted to about $25.11 billion, an increase of 27% per cent over the same period last year, and a total of 60% per cent of the annual sales target of 42 billion yuan, and 2.1209 million sq. In the area of sales contribution, Beijing and the surrounding areas in August, the largest contribution, sales amount of 728 million yuan, Canton row second, sales amount of 639 million yuan, and Chengdu 346 million yuan ranked third. As the main sales area of the real estate, Canton Market will be launched in the second half of Dongshan Xintiandi, days of the center, the Jubilee Garden, South Shah Fulitaoning four new projects, together with the first half has been launched in the plaza, and so on, provided a rich source of supply; in Beijing market, in the Old Palace, Tongzhou and other regions also launched in the second half In the first half of the year, the new start area has reached 2.83 million square meters, the total under construction at the end of June is 9.17 million square meters, more than the end of the last 25%, the sales permit property value of about 44 billion yuan. JPMorgan recently reported that 8 new projects will be launched in the second half of the year, enabling the sale of resources from 75 billion to 84 billion per cent in the second half, with a 36% sales rate to be achieved in the latter part of the season. This is the beginning of the return to the rapid growth of the decimating. Decimating Real Estate CO chairman Li Silian said, the next few years the development of the future will be faster, the next year is likely to reach 56 billion ~570 billion sales target, 70 billion yuan is expected to be achieved. While the growth rate has increased markedly, the interim report shows that the net debt ratio of the real estate has risen from 86% at the end of last year to the current 100.9%. According to management, the increase in net indebtedness was mainly due to the concentration of land purchases by the company in the first half of the year. The amount of land purchased in 2013 was about $10 billion, and the plan was now exceeded. This year, the first in Shanghai Hongqiao District won 250,000 square meters of high-quality plots, and then in Changsha, Guiyang, Meizhou and Wuxi four cities to acquire 5.7 million square meters of land. The first half of the total take 7.8 million square meters, the amount reached 12.7 billion yuan. Last year, only 4 new plots of land were added to the territory, with a total construction area of 1.532 million square meters. "Net debt rate in the first halfThe increase is expected within the company and is expected to fall by 10% in the second half. "The management said that with less equity, the net debt ratio is higher than other listed companies in Hong Kong, but the company's cash flow management has been in a healthy state, the first half of 13.1 billion yuan of cash enough to cover the short-term debt demand of 9.39 billion yuan, and the future companies will also actively control the net debt rate at a reasonable level. August 29, the capital issued a notice that will issue the total amount of not more than 6 billion yuan in the domestic corporate bonds, the period of 5-10 years. Fuli said that the proposed issuance of domestic corporate bonds can supplement the company's operating capital, replace some bank lending and optimize the company's financial structure.