Two years to stay in Guangzhou 6 when the king is still a mystery

Source: Internet
Author: User
Keywords property market plots
Core tip: In recent days, "Daily economic news" reporter food A number of Guangzhou property market influential size of the king, found that the king of these former scenery Infinite majority still no start signs. Now that the market is stabilizing and policies are getting better, will the dormant king be able to escape from silence?  This newspaper launched an investigation. Wait another one months, across the Pearl River, connecting Guangzhou Zhujiang New Town and the Haizhu District Bridge is about to open to traffic. In the price of real estate along the rise, the bridge next to an area of 110,000 square meters of open space is particularly dazzling.  This is 2007 years by the rich, Hopewell and Sun Hung Kai three real estate giants to 4.6 billion yuan sky-high price of the Pearl River New Town. The past two years, here is still overgrown with weeds, empty, there is no sign of any construction. In recent days, "Daily economic news" reporter food several Guangzhou property market influential size of the king, found that these former scenery infinite King most still have no starting signs. Now that the market is stabilizing and policies are getting better, will the dormant king be able to escape from silence?  This newspaper launched an investigation. Take the price too high flour to sell bread to the king of the emergence of more or less to the market to bring a restless mood, especially in 2007 to the beginning of 2008, more is considered to be the developers frantically take the land, the period of irrational. Guangzhou property market has appeared a lot of Wang project.  There are a lot of bubbles in the property market to drive developers at a high premium to take the land, but the final entry into the substantive development of construction projects are few. It is reported that in the current Guangzhou market, the more influential Land king Project has 6, respectively: September 2007 Poly to 4.2 billion yuan in Guangzhou Jin Sha Chau Two plots, the rich, and the Sun Hung Kai Real estate three giants jointly attack, to 4.6 billion yuan to win the Pearl River New Town hunting de commercial land  , Shenzhen hung Rongyuan to 2.1 billion yuan high premium to compete for another piece of the gold sandbar, Guangdong China investment to 4.475 billion yuan to win the City of Science and the King, as well as Evergrande to 4.1 billion to eat into the Guangzhou village Silk Hemp plant plots. "Take the land price too high, produce ' flour and bread as expensive ' strange phenomenon, this will inevitably bear the future market greater risk."  "Full House Red Chief analyst Longbin example, in Guangzhou land market, some project auction to the price of land conversion floor prices have reached 18,000 yuan/square meters, so that the price of at least 25,000 yuan/square meters before the possible capital preservation."  2008, the global financial tsunami, the housing market situation is also anxious to turn, 2007 crazy prices of the situation no longer exist, the real estate tycoons have broken capital chain, project shutdown, the listing plan encountered stranded and so on.  Hu Yanui, deputy general manager of Poly Real Estate group, said in an interview with the Daily economic news that the project is currently in the process of tendering for the project and when development time is still undecided. Guangzhou in recent years no fewer than 10, but the successful delivery of construction sales are few. Industry insiders said that last year, the property market situation is not good, developers capital chain tightened, some land King's land price has beenNot paid. The project of the Pearl River New Town in Guangzhou was the highest in the total auction price of the 6 Kings projects.  It is reported that the project is located in the Pearl River New Town commercial prime location, and Zhujiang New Town is approved by the State Council of the third Central Financial business district, which the future hidden commercial value immeasurable.  According to the FU Real Estate chairman of the assistant Chenzhi Hao introduced, the project will be completed grade A office buildings, the convergence of high-end brand shopping malls, as well as world-class hotel and serviced apartments. "Hopewell Rich is good at doing mansion projects, and Sun Hung Kai has a wealth of shopping malls and hotel property management experience, the rich is longer than high-end office sales."  Li Wenjiang, chief analyst with Rich brilliance, thinks the big three can share both risk and advantage. However, after the first hammer demolition of the project from October 2007, this area of more than 110,000 square meters of urban reconstruction project will no longer have any movement, and the industry out of Sun Hung Kai exit, decimating the rich, he met "lack of money" dilemma. The 2008 housing market bleak, bank lending tightened, the global economic crisis and the future situation is not clear, so that the developer capital chain tightening. The 2008 report showed that its asset-liability ratio reached as high as 139%, and Sun Hung Kai was also sent out of the project.  But after the new Sun Hung Kai, decimating the rumor, said the project was bullish market, but because of the situation last year, the construction progress slowed down, may start in the year. "The project tray is too big and it is relatively difficult to develop. Sun Hung Kai is only responsible for the early stage of commercial project planning, and the project later construction investment is the most important.  "Li Wenjiang believes that such a huge project, even if it starts selling, may be 2 years from then." Where the king of the Earth is still not clear. Early March this year, the Guangdong provincial government issued a stimulus to the real estate industry, "Guangdong 15", which stipulates that the land taken after 2008 years of unpaid land premium, can be extended to 2 years.  This policy, let a lot of Guangdong real estate business is relieved, tens of billions of dollars of funds thus eased. Evergrande in 2008 to 4.1 billion yuan to the sky-high price of the village Silk hemp plant plots, planning total construction area of about 310,000 square meters, floor prices of about 13,000 yuan/square meters, over the land price nearly 8 times times.  There have been rumours that Evergrande has reached an agreement with the government to refund the government's conversion to commercial use.  Guangdong Zhongyuan Real Estate project general Manager Huang that before there are developers in arrears of land transfer money, but the government did not forcibly recover land, the policy is still flexible space. There are also insiders believe that at that time Heng Montana mainly to expand their land reserves, to prepare for the listing. March 2008, the market trend is not very clear, foreign institutions to market risk assessment upgrades, Evergrande Hong Kong listing stranded, more than 10 billion yuan IPO financing failed to achieve. In desperation, Evergrande can only increase the rate of capital withdrawal through price promotion. In the last year's sales season, Evergrande continuously launched 18 projects in 11 cities nationwide, opening that hit 85 percent, selling back about3 billion yuan.  And before the village plot land deposit has only paid 130 million yuan. "Over time the government may have to disclose the views of the king."  "Li Wenjiang said, the village land is still part of the Pearl River New Town CBD, if from residential to commercial use, then according to Evergrande at the time of the price should be considered cheap." Now the policy is positive, the property market is good, the land market prices and commodity prices continue to rise, the king of the marketplace also began to stir. However, after the market situation, how the future property market, in the context of the financial crisis is still unclear. It seems that the Earth King will not be revealed until it has actually started.
Related Article

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.