Vanke's first quarter sales average down 4%

Regulation or to the industry inventory pressure to further increase the property market regulation effect on the developer sales data began to slowly reflect, is regarded as the industry "vane" Vanke (000002.　　SZ), the average selling price began to loosen. Although Vanke has been avoiding price reduction, but Vanke April 19 released sales results show that the first quarter to achieve sales area of 3.038 million square meters, sales amount of 35.51 billion yuan, year-on-year growth of 144.6% and 135.3% respectively.　　To calculate, the first quarter Vanke sales average price of 11689 yuan per square metre, compared to the 2010 quarter and last year, the average price of sales declined. But the decline in the average selling price is still very limited.　　According to the previous announcement, Vanke in the first quarter of 2010 and 2010 Annual sales of 12150 yuan per square metre and 12049 yuan, corresponding to this, Vanke 2011-Year sales average price down 4%.　　Vanke press release quoted Dong Tan Huajie said that regulation has already had a significant impact on the 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 inventory pressure will increase further. Due to the "country Eight" and the introduction of regulatory rules, the first quarter of the domestic property market has changed markedly.　　March, including Beijing, Shanghai, Guangzhou, Shenzhen and other 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. Tan Huajie said that, over the years, affected by the spring Festival factors, February is usually the year of the smallest deal of the month, and March trading volume February often have a sharp increase.　　In recent years, the main cities in March, the growth rate of February is often about one-fold, this year March decline in the chain is historically rare. Compared with the size of sales, Vanke's settlement income growth lags behind.　　The announcement showed that the first quarter of Vanke to achieve settlement income of 7.67 billion yuan, an increase of 4.2%, the realization of operating income of 7.97 billion yuan, net profit of 1.21 billion yuan, year-on-year growth of 6.2% and 7%, significantly lower than sales growth.　　But as of the end of the quarter, Vanke has further increased the number of open resources, the consolidated statement within the scope of 9 million square meters of unsold resources have not completed settlement, the total contract amount of about 105.2 billion yuan, the amount is close to last year's annual sales, meaning Vanke in 2011 to achieve super billion sales scale has no suspense. Vanke announced that, on the one hand, the slowdown in the future new house supply compared to the first quarter will be more substantial growth, the market inventory to the ability to face the test.　　On the other hand, the first quarter of the National commercial Housing new construction area of the growth rate of 41.9% from 2010 to 23.4%, the company's capital face will gradually tighten, the industry's construction scale may continue to be affected, and a year after the supply poses a challenge. However, compared with the same period last year, 17.92 billion yuan held cash, Vanke currently holds 37.2 billion yuan in cash,Shows that the funds are still plentiful. Yu Liang, Vanke's president, said in an interview with the first financial daily on April 16 at present, Vanke's holdings of cash is much higher than short-term borrowing and the sum of long-term loans due within one year, there is no need to reduce the planned start of the year, "but the company will be in combination with the purchase policy under the changes in customer demand for the future supply structure flexible adjustment." "Vanke has said that it will slow down the pace of the move unconditionally throughout the year." The announcement, Vanke in the project investment more cautious, the first 3 months of this year Vanke new development projects 15 and participated in 3 urban renovation projects.　　Over the same period last year, the number of Vanke new development projects reached 25. Tan Huajie predicted that, compared with the same period last year, the first quarter of the major cities in the land supply and turnover has a greater degree of contraction, land turnover premium rate also appeared a more obvious decline. "It is expected that in the second half of the year, the increase in land supply may further promote the land market cooling, prudent and well-funded enterprises will take advantage of market opportunities, Vanke will pay close attention to potential market opportunities." "Photographer/Wu Cartographic/Zhang Yijun Editor: NF045