The cost of land reserve of the Golden Land Group is reasonable

The cost of land reserve is reasonable as can be seen from the table below, the cost of land reserves in the local city is generally around 30%, taking into account that the cost of construction costs accounted for 30% of the house price, the simple estimate of the gross margin of the project around 40%.　　And if you consider that the average price of the products will be higher than the market prices have 20-30% above the premium, no doubt that the land reserves of gold has a very high margin of safety. High risk coefficient of land reserve structure Moreover, in the current land reserves of the gold land, the land reserves of the first-tier cities accounted for only 27%, and nearly three-fourths of the land was distributed in the second-tier cities. In the current market situation, the second-tier cities in the real estate market adjustment is far less than the first-tier cities, so the gold in the second-tier cities more land reserves can provide higher stability for their business.