Idle land starts with policy pressures

Wangying was named by the Ministry of Land and Resources "land hoarding" enterprises, pan-Sea construction and the New World of Beijing Project, has recently started.　　The background is that land inventory action effect of the Ministry of Lands has been questioned by public opinion.　　Under the pressure of policy and public opinion, idle land starts to speed up. This August, a media from the "relevant real estate development enterprise Land idle table" in the pan-Sea construction, New World China and other large first-line real estate enterprises impressively in the column. Among them, the pan-Sea construction is located in Chaoyang District, Beijing Dong Feng Xiang land was alleged to cover 5 years.　　Once the pan-Sea Construction (000046.SZ) emergency suspension.　　October 20, the pan-Sea construction of Dongfeng Land is the Sea of international residence two came to the news. It is not only the pressure of the public opinion that the land-hoarding turmoil brings to the pan-Sea construction.　　After two months, the pan-Sea construction of a high-level mention of the incident, it is still difficult to conceal grievances. According to the top leadership, the main reason for the plot to remain idle for 5 years is planning. After the completion of the first phase of the pan-Hai International residential area, the government of Chaoyang District hopes to increase the public building on this block instead of the pure dwelling. "According to the introduction, according to the 2004 Land transfer contract, the pan-Sea construction of the Dong Feng Xiang plots are all for residential and supporting commercial land, planning total construction area of 873,100 square meters, but the Chaoyang District government and Dongfeng Township hope to increase the public building part, reduce the residential part," December 31, 2009, The project company and the Beijing Land Bureau signed the above land transfer "supplementary Agreement", although the construction scale unchanged, but originally for pure residential Dongfeng Township to change to commercial, office, hotel and other comprehensive land. "But that's not the whole story of the plot being idle.　　It is understood that the pan-Sea international residence two is idle 6 years to go through 5 planning adjustment, but also with the pan-Sea construction land acquisition way. "Because it is not from the land market, but through the asset reorganization way, the Sea International residence two period of the land price is only 5000 yuan/square meters, and the surrounding land prices are higher than one times." "People close to the sea," said the person, "if it is through the shot hanging, can not get so cheap plots." "According to public information, the pan-Sea construction of the land by the acquisition of shares, not fully statistics approximately 7." Although the cost of land-use construction is very low, each land has undergone a tortuous process of property transfer.　　This is also true of the two phase of the pan-Sea construction of Dongfeng Massif. In the same period this year, the pan-Sea construction of Wuhan Wang Jia Dun block as an example. The plot from the 2002 government verbal commitment to the 2003-2004 land lease contract, followed by the land delivery process, but also through the transfer from the military to local government to the pan-Sea construction, and so the complex process, until 2007, the pan-Sea construction after the reorganization of assets to obtain the plot 80%　　Equity. Pan-Sea construction above disclosed that the pan-Sea construction through the asset reorganization to obtain each land, has the complex prophase planning problem. The pan-Sea to get the hand must adjust the plan, adjustThe whole process is long. "The company's process has to go at least one months, the government to go a Yinianbanzai, a few years so sway past." The person reluctantly said.　　The pan-Sea construction of Dongfeng Massif is so involved in the storm of hoarding. To the distress of the pan-Sea construction, since 2007, the pan-Sea construction has been referred to the slow pace of development, stock prices have been low. Pan Shiyi also said that in order to obtain more market capitalisation through the land reserve, listed companies have more hoarding motivation. "If so, why has the share price of the pan-sea construction been very low?"　　"The above executives believe that the company's stock price is depressed because of the construction of the pan-Sea is too small, and the most urgent thing is to increase the speed of development."　　It is understood that the pan-Sea construction this year's starting capacity of about 2 million square meters, an increase of 1 million square meters than last year. The developers named hoarding are under pressure from all sides. Ministry of Land and resources Minister Anticipating recently interviewed the media, said that the land illegal accountability is currently conducting data audit confirmation work, the Ministry of Land and Resources will not be canceled, the year would be strictly accountable.