Developers gambler-type buying land fate worries by hoarding land to make money is coming to an end

Source: Internet
Author: User
Last November 20, the hand of the 28th brand of the Big Dragon real estate beat the warlords, to 5.05 billion yuan to pick the king of Beijing Double. Developers "gambler-type" The fate of the purchase by hoarding land to make money is about to end the king a higher than one, house prices climbed, 2009 real estate market madness still exist.  And the Land King Subversion brand concept let more and more people in the industry began to doubt, real estate what is going on?  Vanke Vice President Mao Daqing that the future government will still adhere to the loose monetary policy, but he felt that this year the government will be from covering the land, house and other daily behavior judgments, the real estate enterprises to standardize. Recently, the Beijing Municipal Bureau of Land announced 8 of the developers have owed land, including the once to 5.05 billion yuan to win the Tianzhu 22nd King of the Great Dragon property. As for the 2009-year frenzy, the government's next step is to speculate on how to regulate it.  But industry insiders believe that the big Dragon property owed land is not a case, the land market has been urgently needed to standardize. According to the latest news, the Big Dragon Real estate to 30 million yuan registered capital wholly-owned set up Beijing knows surplus real Estate Development Co., Ltd., and handled the business registration procedures. In the City Land bureau to cancel Tai Lung real estate to take the qualification, the developers make such a move, it is inevitable that people will produce other associations.  This newspaper reporter will continue to pay attention to this matter.  Big dragon "to small broad" the king behind the doubt many big Dragon real estate, appeared in the media in front of the main four times. The first time was last November 20, Beijing Great Dragon Real Estate Co., Ltd. to 5.05 billion yuan after the Shunyi town, Tianzhu Development Zone, 22nd residential land, floor value of 29860 yuan. At the same time to participate in the competition has poly, Longhu, Ocean, Dacheng, Hopewell Rich, hundred and so on 12 real estate enterprises.  Because the plot unit price, the total price has broken the past record, by the media called Double Earth King.  The second is the media after the auction of the king of the query, for a total capital of only 2.94 billion yuan, but swallowed 5.05 billion yuan long property, whether the ability to develop the land. The third is January 22 this year, the city's Land bureau on Beijing to strengthen the disposal of idle land announced. There were 19 projects that had been held before the end of 2008 but had not yet been started.  Including last year's "Shunyi King" Big Dragon Real estate, including 8 developers, due to non-payment of the price, the auction was not scheduled to sign the land contract, was suspended to continue to take the qualification.  The latest news is that the Big Dragon property in the recent response to the announcement of the Land Bureau, the response said the company will be actively fund-raising in the near future, pay the price, in order to restore the development company in the Beijing Land exchange market new land transfer trading activities eligible. The response also said that the development company currently has a real estate development enterprise level qualification, can be a nationwide contract real estate development projects, this is only a moratorium on the Beijing Land exchange market new land transfer trading activities, other areas are not affected. The company's current land reserves can support the companyThe development needs of the next few years, and the company has not recently in the Beijing Land exchange of the intention, so the suspension of development company in Beijing Land Exchange market new land transfer activities of the qualification of the company's operations have no substantive impact.  "This announcement will only be a warning to Tai Lung property and it will not have any effect on Tai Lung property, and it is not known whether the government would forfeit the margin or let it pay late fees," said Yang Shaofeng, general manager of Beijing's Sifang real estate brokerage company. For a obviously do not have the ability to eat into the king of the Big Dragon Real Estate, the Ministry of Land publicity its unpaid land money action let many developers greatly agree.  However, similar to the Big Dragon real estate such a developer enterprise why will hold up the card in the original?  Yang Shaofeng thinks, many developers take the initial consideration may have two points, one is to rely on the government land payment, and second, after taking the land refinancing.  "It is clear that future financing is not as smooth as the Big Dragon Property expects," said one industry insider.  Super ability to take land developers not only big Dragon real Estate "high card" or "down"?  The problem behind the Big Dragon property is not as simple as it seems in the industry.  "Because Tai Lung is the king, so the media will be concerned about, so its problems will be easily exposed," Shanghai five-Zou International general manager, more worried that the 2009 years behind the upsurge of land money is not a big dragon real estate family.  Yang Shaofeng told reporters, in fact, 2009 many land developers behind the hidden dangers are very large.  "One is that they enter real estate without real estate development experience; One is the developer of the super capacity Land," Yang Shaofeng said. In fact, the 2009 frenzy of the land frenzy to many unknown or non-real estate industry developers "overnight fame", and the king, many brand developers instead of "Hope Price sigh."  The founder of the Franshion, the Sino-ze real estate and so on, have been the "hot spots" of the major media in the 2009.  "This is simply a disaster for brand developers, the high price of the game rules let many unknown developers immediately become hot," one industry personage regrets.  But whether these enterprises can operate freely in the future the king has become a doubt in the industry. Not long ago, the Ministry of Land "drying" of the 7 land has a common feature, that is, 7 land respectively last year, different periods or different areas of the "King".  Among them, the 4 king of Beijing, respectively, Chaoyang Olympic Village township plots, Kwong Qu Road 10th, Kwong Qu Road 15th, Tongzhou Nine tree Street plots, developers for the Sino-jersey property, Beijing Fuli City, Franshion, Beijing Qilian Real Estate company.  "Won the nine Tree Street block in Tongzhou and Tongzhou District Yong Shun Zhen Yang Lu plot of Beijing Real Estate Development Co., Ltd., I very much doubt that they have the ability to operate the land," the industry said.  He revealed that many developers take the land is not to develop, but first took the land and then find other developers to hand over or find similar to the brand of Vanke, such as the company built. Recently, the Shanghai Jade Villa project was exposed to pourTeng 6 years, after the Shanghai certificate, Green City, on the real, Vanke and Cofco "multi-angle relationship", the final land price doubled more than 17 times times. In fact, as early as last November, Pan Shiyi said during a visit to a financial program on CCTV that 1/3 of China's developers were only on the ground and never built a house.  Hoarding is an important reason for China's soaring housing prices.  Credit crunch "land flips" the fate of the future may be big Dragon property is to raise the subsequent land money around.  "As the remaining 4 billion yuan in the Shunyi king is due to be paid by the end of May this year, it means that Tai Lung has only 4 months to raise the money, which, in the present circumstances, will be a very, very difficult job for Tai Lung," Yang Shaofeng said. In fact, if the big market environment has remained unchanged for 2009 years, these developers, regardless of their purpose, will "laugh in Dreams".  However, the government began to deliberately regulate the land market at the end of last year. At the end of last year, the Central five ministries issued the "notice on further strengthening the management of land transfer and revenue", requiring that the first payment should not be less than 50% of the total land transfer price and pay all the land transfer price within one year. January 13, the Ministry of Housing and Construction department once again explicitly asked the local government to clean up and correct the local issue of ultra vires tax relief and other provisions.  According to the source, the local "bailout" policy to clean up the first is the local land transfer payment of the concession policy.  In addition to the Government's determination to crack down on hoarding, bank credit is no longer as loose as 2009, and turnover has started to slide.  Recently, according to media reports some banks have recently asked branch offices to suspend January of new loans. "The decline in turnover and the tightening of bank lending are beginning to shake the market's confidence in the future of these kings," Zou that the financing problem is the main obstacle to the payment of land money. Once the market is expected to change, the Kings will face embarrassment.  And capital pressures are their primary obstacle. According to the SouFun "2009 Mainland Housing Enterprises Financing Survey", in 2009, in the context of the strong credit and housing recovery, the mainland housing companies rapidly financing, as of November 6 last year, the first 61 housing companies amounted to 392.455 billion yuan, of which the "Top 15" (by the level of financing)  Total financing of 319.345 billion yuan, accounting for the total amount of financing of the surveyed housing enterprises 81.2%, of which the "Top 10" received the total amount of bank credit (241.9 billion) accounted for almost the surveyed housing enterprises received the total amount of bank credit (242 billion yuan) of 100%.  Mao Daqing that in the future, the government will not tighten monetary policy, but will certainly regulate market behavior. "It may be a measure of the government's judgment to cover the relatively serious housing companies, and then take the land or raise funds," Mao Daqing told reporters on the proposal.

Contact Us

The content source of this page is from Internet, which doesn't represent Alibaba Cloud's opinion; products and services mentioned on that page don't have any relationship with Alibaba Cloud. If the content of the page makes you feel confusing, please write us an email, we will handle the problem within 5 days after receiving your email.

If you find any instances of plagiarism from the community, please send an email to: info-contact@alibabacloud.com and provide relevant evidence. A staff member will contact you within 5 working days.

A Free Trial That Lets You Build Big!

Start building with 50+ products and up to 12 months usage for Elastic Compute Service

  • Sales Support

    1 on 1 presale consultation

  • After-Sales Support

    24/7 Technical Support 6 Free Tickets per Quarter Faster Response

  • Alibaba Cloud offers highly flexible support services tailored to meet your exact needs.