The Pearl River New Town CBD troubles: The big three billions of grand ambitions to develop the game de why still quiet

The project was scheduled to commence in April 2008 and is still a quiet flat. On the morning of October 16, 2007, the first hammer was knocked down and the "New Hunt de" has not even laid the first pile. Rumors are also constantly ——— "small spring" can be struck by the start of the game "string"? Guangzhou the first village in urban reconstruction, planned to invest tens of billions of dollars in the construction of the project, was scheduled to start in 2008 4-June.　　Faced with the financial crisis too much uncertainty, cash for the king has become the majority of real estate listed companies "Winter" strategy, the project is still a quiet ground. Rumors have also been repeated: such as Sun Hung Kai, the capital and the wealth of the rich met financial difficulties and so on.　　This makes the plot of transformation become confusing.　　Now the housing market bottomed out, the markets stabilized, but the suspense of the game, only until construction, all kinds of rumors can be smashed, dust settled.　　The hunt's commercial land awaits rebirth, and the game is a gathering of people. Following the Beijing Chaoyang, Shanghai Pudong, Guangzhou zhujiang New Town became the third Central Financial business district approved by the State Council for key development, the core area of the Pearl River Delta, and the location of the project is located in the Pearl River New Town, the commercial golden lot, but also the first city in Guangzhou City renovation project.　　The completion of the project will become the most important landmark on the axis of Guangzhou, further consolidating the status of the central financial business district of Zhujiang New Town, has a very important demonstration function. December 10, 2007, the Fuli real estate, Hopewell Rich and Sun Hung Kai in Guangzhou held a Pearl River New town, the launch ceremony, in the event, three company bosses together to attend, announced Sun Hung Kai joined the project. Join hands in the heart of Guangzhou Pearl River New Town, the development of a grade A commercial, fashion shopping malls, top hotels and serviced residences in a huge business comprehensive project.　　In the day of the press conference, Li Silian Real Estate chairman of the company made clear that the project will be invested in a total of 10 billion yuan, Sun Hung Kai, the capital and the benefits of the FU Jingtai each one-third, that is, three companies will invest about 3.3 billion yuan respectively. With an area of 114,000 square meters and a total floor space of 568,000 square meters, the project will be developed into a large-scale commercial complex, offering a Class A office building with advanced technology and facilities, a shopping arcade with a wide range of famous brands, and a comfortable and luxurious world-class hotel and serviced residence.　　The total land price of the project amounted to 4.6 billion yuan and was scheduled for 2008 4-June.　　The division of labour among the three companies is also clear: Sun Hung Kai has the expertise to play in the planning, design, management, property management and global leasing of the game, while the project is responsible for building construction and sales.　　However, since the early morning of October 16, 2007, the first hammer was knocked down, and more than 1.5 of the time has passed, and the planned "new game" has not even laid the first pile. Whether Sun Hung Kai is out of the puzzle is accompanied by rumours that Sun Hung Kai withdrew, the capital and the rich met the financial difficulties and so on.　　Sun Hung Kai was invited to participate in the development of the game, the plan was to raise 3.3 billion yuan to invest in the project, but its financing program without approval. Sun Hung Kai said in June 2008 that it would be more focused on Hong Kong's real estate business, and Sun Hung Kai was confirmed to have withdrawn from the Guangzhou Pearl River New Town West Tower Project, and subsequently abandoned the bid for another landmark East tower project in Guangzhou. Sun Hung Kai also abandoned Walter Kwok and Shenzhen Longgang District government reached 4 of the Old City renovation project.　　A series of moves has become the "basis" for Sun Hung Kai's imminent withdrawal from the "de-hunt" project.　　Although Sun Hung Kai said it would not withdraw from the project, but the cash for the king of the majority of real estate listed companies "Winter" strategy. The annual report of Sun Hung Kai 2008 shows that the total debt of the group on December 31, 2008 amounted to HK $46.55 billion. A net debt of HK $6.539 billion excluding cash and bank deposits is HK $40.01 billion. and Sun Hung Kai's Land reserve is enough for him to develop for several years. The annual report shows that Sun Hung Kai has not added any land reserves to the mainland since the annual results were released last September. At present, Sun Hung Kai has a land reserve of 10,530 sq ft in the mainland, of which 52.3 million sq ft is a developing property.　　Among them, Sun Hung Kai's investment in the Shanghai project amounted to 25 billion yuan. In other words, Sun Hung Kai property in the face of these projects new development, operation and other costs, then sales revenue is far from enough. Whether Sun Hung Kai has withdrawn from the development of the project, the reporter contacted the Sun Hung Kai Real Estate, decimating the real estate and the people of the rich-jingtai to verify.　　None of the three parties responded positively.　　The Pearl River New Town CBD a regret for the transformation of the de. The development of the Pearl River New Town CBD.　　According to the Guangzhou Municipal Planning Bureau announced the new Pearl River City planning, specific function positioning as: As the Guangzhou 21st Century City CBD (CBD) hard core of an important component, will develop into the international finance, trade, commerce, entertainment, foreign affairs, administration and residential city-level functional facilities area.　　In fact, the development of the Pearl River New town can be said to be prescient.　　At present, the capital is located in the construction project in Guangzhou, there are 7 in the Pearl River New town, including the capital surplus Plaza, Fuli surplus Letter Plaza, the capital of surplus Thai Square, decimating the plaza, the capital of Surplus Sheng Plaza, decimating International Business Center and the Project de.　　Now the housing market bottomed out and the markets stabilized, giving the confidence to start the project. Decimating real estate issued quarterly results show: As of April 30, decimating sales reached about 8.301 billion yuan, sales area of about 887500 square meters. "Small spring" can be touched by the start of the game of the "strings"?　　An industry insider who declined to be named said "not necessarily". From the performance of 2008 years of the real estate, the total turnover amounted to 15.36 billion yuan, the total profit amounted to 3.153 billion yuan. The figure is 4 higher than last year's turnover.% of the profit decreased by 41%. The net profit of 2008 fell 41% from the 5.315 billion yuan in 2007.　　2008 Total Equity and liabilities of $54967615000. "We also seek to improve the capital-liability ratio of the group with a view to lowering it to about 80% by the end of 2009," Li Silian, chairman of the company, said in a letter to shareholders. In addition, the group will continue to identify and develop joint venture partners with good reputation and financial resources, taking advantage of its strengths to complement its own shortcomings and share costs and risks.　　"In fact, it's not just a family that's too tight." The 2008-year income of Hopewell is about $1574200000, which was reduced by 59.3% compared with about $3868100000 in 2007.　　As of December 31, 2008, the carrying amount of the cash and bank deposits in Jingtai is about 1373000000 yuan, down 60% per cent year-on-year. According to the introduction of the rich aspect, the game has been in progress, the reason "We feel no movement", because "still in the early stage of the process of reporting."　　The demolition progress of the Chase project has been 90%, leaving only one school without relocation, "as soon as the school is relocated, the project can begin." But the suspense of the game, only wait until construction, all kinds of rumors can be crushed, dust settled.