China Railway Construction Real Estate: A contest with the self

Every time the reporter Cai Yazhen edited Liu Ziwei

When I wake up every day, I feel that I am sleeping on the construction site. It is some of the crisp sounds of a steel collision in the rumble of the machine.

If you don't pull the curtains after dark, the lights of the tower cranes are "the brightest stars in the night sky."

The speed of urban development and construction is too fast. Bang Real Estate can see the progress of the construction of two construction sites outside the window every day. Their floor prices have once reached the first place in Chengdu.

On a rainy afternoon, Bang Real Estate called:

"Pro, do you know when the property certificate of our house can come down?"

"After a while, kiss me, but I changed jobs and went to the south."

“Which property is in the south?”

"Western side of the bank."

"How are their houses?"

"Four or five million sets!"

Did not get the information I wanted, but I knew that my homebuyer consultant had changed jobs. After a month, I called her again and she quit.

I heard that the house built by China Railways is a bit "unpopular" compared with the "Biwanheng" that we hold every day. Bang Real Estate did not react at all.

As one of the 18 central enterprises involved in real estate, there are not many projects in China Railway Construction in Chengdu. Xipai City, Xipai Bank, Qingxiu City, China Railway Construction Plaza and Jinjiang International Garden are mostly high-end products. From the data of the transparent real estate network, they saw that their inventory was almost exhausted. There were only 48 sets of Xipai Bank with the most remaining houses, and 24 sets of China Railway Building.

Replenishment should be the most urgent thing they need to do now. Yan Xing, the general manager of China Railway Construction Southwest Regional Corporation, said with the state. “In 2020, during the 13th Five-Year Plan period, the sales amount in the entire southwest region will reach 40 billion yuan, so Chengdu must reach at least 15 billion yuan. ."

As Zhao Xing said, if you want to achieve this performance goal in Chengdu, the value of the goods must be supplemented.

From the end of 2016, China Railway Construction spent 5.3 billion yuan to win three plots in the Shuangliu District of Chengdu City, and they can see that they have made great determination in Chengdu.

Remember the thrilling earthen shot of Chengdu on April 6 this year? China Railway Construction took a plot of land area of ​​1.512 billion yuan and a floor price of 13,580 yuan per square meter. I remember that Liu Wei, an associate professor at Southwestern Finance University, said that this piece of land is the only piece of value in that time. The land, because the transaction price is about 8.87% lower than its due price.

Liu Wei predicted that, combined with the current price limit policy, the unit price of the three-story goblin loading room is expected to be around 17,000 yuan / square meter, and if the Qingyang district is clear water house, it may be as high as 20,000 yuan / square meter. Simple and rude mathematics questions, these pieces of land will be listed for the China Railway Construction to contribute at least 5.6 billion yuan worth of goods.

But how far are they from 15 billion? According to Ke Ruirui's data, the first place in Chengdu's sales performance ranking in 2016 was taken away by Poly's 11.618 billion yuan, followed by Evergrande's 9.8 billion yuan and Vanke's 9.6 billion yuan. But there is no China Railway Construction in this ranking.

Regarding its sales amount in Chengdu, Chengdu company did not accurately grasp the state of the state real estate, but from the report of Zhongxin.com, it was 7.1 billion yuan.

According to Zhaoxing, China Railway Construction Southwest Corporation has deployed 24 projects in Chengdu, Wuhan, Xi'an, Chongqing and Guiyang, with 21 independent development and cooperative development projects. The total investment in land is about 30 billion yuan.

From its strategy in the southwest region, high-end improved products will be their mainstay in the market, for which it has studied 12 high-end lifestyles expected to be launched in the second half.

In a meeting with the media in April this year, Zhao Xing also revealed that the property sector is expected to achieve annual sales of 10 billion yuan.

In the layout of the national railway built in China, it is surprising that only one Qingxiu Zhuo Ting in Shanghai is on sale. Since they took the total price of 3.8 billion yuan in Fengxian District, Shanghai on December 17, 2015, and the floor price of 19,179 yuan / square meter, they have not heard the sound in Shanghai. At present, the case of Fengxian District is called Xiangxi International, and it has not yet opened.

In Guangzhou, there are only three projects in China Railway Construction, including Tsuen Wan International City, Global Center and International Garden. The latest land acquisition is on February 15 this year, China Railway Construction won the commercial land on the west side of Guangzhou Nansha Administrative Center with a reserve price of 361 million yuan, equivalent to a floor price of 4,797 yuan / square meter, but the sale of this land The condition is that China Railway Construction needs to move its national headquarters or regional and functional headquarters to Nansha within 180 days. In addition, the land requires that China Railway Construction Co., Ltd. must maintain a self-sustained property with a total floor area ratio of 15%. The real estate license has a holding period of not less than 5 years.

Looking through its official website, it will be found that in addition to Beijing, China Railway Construction prefers second-tier cities, Nanjing, Chengdu, Chongqing, Hangzhou, Hefei, Changsha, etc., and even the words "Shenzhen" are not seen in the project list.

Look at the country again.

It is also the data of Kerry. In the first five months of this year, China Railway Construction ranked the 29th in the TOP100 with a flow of 24.01 billion yuan, which is slightly lower than the 28-member Jinke.

In 2016, China Railway Construction was ranked 28th in the second echelon with 47.68 billion yuan; in 2015, it was ranked 19th with 37.25 billion yuan.

Who has exceeded the time of one year? There are China Jinmao, Rongsheng Development, Xincheng Holding, Sunshine City, Zhengrong Group, Zhongnan Group, Luneng Group, Xuhui Group, and the first shares.

We have been talking about the "overtaking of the corner of the house", everyone is rushing to run on the 100 billion level, but from the transcript of January to May this year, it seems that the legend of 100 billion is broken. .

At present, the number of housing enterprises that have exceeded 100 billion sales has increased to five. In addition to Country Garden, Vanke and Evergrande, Poly and Greenland have become new entrants, while the top ten new Jinlong Lake has sprung up, and the contract sales have been realized in the first five months. The amount was 75.52 billion yuan, an increase of 15.5 billion yuan from the previous month.

In other words, Longhu's contracted sales of only 5 months exceeded 86% of 2016's full-year sales. According to previous reports from the daily economic journalists, the one-month sales growth rate of Longhu in the first five months was 186%, 415%, 218%, 161.54%, and 126%, respectively. According to its average growth rate, the 2017 Longhu contract sales are expected to exceed 200 billion yuan.

At this time, urban renewal, characteristic towns, shared spaces, long-term rental apartments, health care, education industry, culture/tourism, commercial real estate, finance, overseas real estate, home improvement, smart home, etc. have all become business growth. point.

Looking at China Railway Construction's annual report, in 2016, the number of newly signed contracts in its real estate sector accounted for 4.058% of the total new contracts, while engineering contracting accounted for 86.89%.

This project contracting points to railways, highways, urban railroads, municipal works, water conservancy and hydropower projects, and airport terminals.

Searching for major events in China Railway Construction and a certain city is more likely to win the bid for PPP and BOT projects, and participating in such projects can alleviate the financial pressure with lower financing costs.

Perhaps it is under the pressure of land prices. Yan Xing also said that he has already cooperated with Greenland and New Hope before, and will definitely cooperate with more housing enterprises in Chengdu in the future.

A banker once told State Real Estate Jun that corporate loans are really not easy now. State-owned banks that are hard-headed in the face of small enterprises face the loan demand in front of state-owned enterprises. They are satisfied as much as possible, such as “negotiable”. Loan interest rate.

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