Vanke says inventory pressure in real estate industry will rise further

Vanke board Secretary Tan Huajie 19th publicly said that regulation has had a significant impact on the real estate market, the speed of the general slowdown, with a large number of products started last year gradually into sales, the future overall housing supply will further increase, the industry's inventory pressure will increase further. Due to the "country Eight" and the introduction of regulatory rules, the first quarter of China's real estate market has produced significant changes.　　According to the introduction, March, including Beijing, Shanghai, Guangzhou, Shenzhen, including 14 major cities, the transaction area and the transaction amount fell 32% and 37% respectively year-on-year, even if and historically belong to the off-season sales in February compared to, also fell 15% and 16% respectively. China's largest real estate company Vanke 19th Evening announcement, the first quarter of Vanke to achieve sales area of 3.038 million square meters, sales amount of 35.51 billion yuan (RMB, same below), the year-on-year growth of 144.6% and 135.3% respectively.　　Tan Huajie said that sales have achieved greater growth, mainly because Vanke insists on the mainstream positioning of small and medium-sized ordinary housing, Vanke will continue to adhere to the principle of prudent investment, to deal with the possible changes in the market. By the end of the first quarter, Vanke held 37.19 billion yuan in cash, much higher than the short-term borrowings and the sum of the long-term borrowings over a period of 20.29 billion yuan, continued to maintain a good financial situation.　　The proportion of real liabilities to total assets deducted from the company's receivable account was 36.7%, which was further reduced than at the beginning of the year. The report also shows that the first 3 months of this year Vanke new into Wuhu, Qinhuangdao, Taiyuan and other cities.　　The company's new development projects 15, according to Vanke interests calculation planning area of about 3.09 million square meters, the average floor price of about 2500 yuan per square meter. Tan Huajie pointed out that, compared with the same period last year, the major cities in the 1 quarter of the land supply and turnover has a greater degree of contraction, the land transaction premium rate also showed a more obvious decline. In the second half of the year, the increase in land supply may further drive the land market cool. Responsible Editor: NF045