2016 is coming to an end and the real estate market has changed

2016 is about to come to an end, and first-tier real estate companies have locked in sales of 300 billion yuan one month in advance. Although many real estate companies are even optimistic about 400 billion yuan next year, the market has changed.

In early December, Zhongtian Urban Investment announced that the company planned to invest 2 billion yuan to establish Zhongtian Urban Investment Co., Ltd. as the company’s real estate business development, investment and operation platform, promote its strategic transformation process, and achieve classified operations and centralized management. .

Since last year, Zhongtian City, as a regional real estate developer in Guizhou Province, has sold tens of billions of yuan in a single project. Since this year, it has accelerated the implementation of its "big finance, big health and quality real estate" strategy, and Guizhou and surrounding provinces have benefited from a number of major national strategies and ushered in great development opportunities.

The announcement shows that the above-mentioned newly established subsidiaries will participate in the construction of urban infrastructure in Yunnan, Sichuan and other regions through holding companies, especially the operation of hot PPP (Government-Private Partnership) projects.

Seizing the dividends of urban operations

Zhongtian Urban Investment has always claimed that it is a listed company in Guizhou Province and the only listed real estate company in the province. Judging from this, the characteristics of real estate are undoubtedly revealed in it.

Research statistics show that in 2015, Zhongtian Urban Investment achieved real estate sales of 19.31 billion yuan, ranking 51st among national real estate companies; it achieved sales area of ??2.315 million square meters, ranking 30th among national real estate companies.

From the perspective of real estate business, apart from acquiring land in Nanjing in 2014 and getting involved in its first real estate project outside the province, Zhongtian Urban Investment has not entered into national expansion and has always focused on provincial development.

According to statistics from the above-mentioned institutions, in the first 11 months of this year, the sales of typical first- and second-tier real estate companies once again set a new historical record. Relatively speaking, although Zhongtian Urban Investment still has an advantage in scale, it achieved a sales area of ??257.1 million square meters, ranking 31st in the country. However, due to factors such as low sales prices in Guiyang, Zunyi and other cities in Guizhou Province where it is deployed, its sales volume of 19.71 billion yuan has exceeded last year's performance, but its ranking is only 72 bits.

With the centralization and asset-lightization of real estate, Zhongtian Urban Investment began to shift to an open real estate strategy last year. It has invested 4 billion yuan to establish a real estate fund as a parent fund to establish real estate projects based on different real estate projects. Sub-fund invested 500 million yuan to establish Zhongtian Urban Investment Real Estate Development and Construction Management Company to cooperate with the aforementioned strategy and find high-quality projects across the country.

In the opinion of an insider of Zhongtian Urban Investment, this can not only increase the real estate scale and investment return rate, but also provide funding and other guarantees for the rapidly advancing big finance and big health strategies.

It is reported that Zhongtian Urban Investment plans to invest 2 billion yuan to establish a subsidiary, Zhongtian Urban Investment Co., Ltd. Based on this, the above-mentioned subsidiary will realize its control of Yunnan Huasheng Infrastructure Operation Management Co., Ltd. through capital increase and share expansion. The holding ratio is 51%, and jointly established Zhongtian Urban Investment Group Yunnan Investment Development and Construction Company with the holding subsidiary to participate in local PPP projects.

At the same time, Zhongtian Urban Investment Co., Ltd. wholly-owned Zhongtian Urban Investment Group Sichuan Investment Development and Construction Company, and established Zhongtian Urban Investment Luzhou Real Estate with two unrelated companies in Guizhou. The subsidiary's business will cover railways and highways , rail transit, municipal infrastructure PPP project investment, construction and operation; comprehensive real estate development; hotel operation and management; conference services.

Involving in PPP requires the integration of multiple resources

In July this year, Zhongtian Urban Investment Group Health Industry Investment Holding Co., Ltd. was formally established with a registered capital of 5 million yuan. Compared with the big health industry, Zhongtian Urban Investment has made much larger and more frequent moves in the big finance and real estate fields.

Regarding the investment to establish Zhongtian Urban Investment Co., Ltd., the above-mentioned insiders of Zhongtian Urban Investment explained that this is to integrate the real estate business, realize classified operations and centralized management companies of various business sectors, reduce costs and improve efficiency.

In addition, the deeper intention is that Zhongtian Urban Investment wants to actively promote the three major strategies of "big finance, big health, and characteristic boutique real estate", believing that this is in line with its long-term development strategy.

In mid-November, Zhongtian City Investment invested 3.9 billion yuan to increase its wholly-owned subsidiary Guiyang Financial Holdings. After the capital increase is completed, the registered capital of the financial holding platform will reach 9.9 billion yuan. It is relatively rare on the control platform.

According to its positioning, Guiyang Financial Holding’s role is the core platform of Zhongtian Urban Investment’s “big finance” industry, building a “full license” financial holding structure that integrates licensed financial businesses and innovative finance. Currently, Guiyang Financial Holdings is further acquiring Haiji Securities and Zhongrong Life, among which the acquisition of Zhongrong Life has constituted a major asset reorganization.

According to the Shenzhen Stock Exchange Interactive Platform, Zhongtian Urban Investment revealed that it will support Guizhou Province in establishing a local asset management company (AMC license) targeting non-performing asset disposal business in recent years to optimize financial resources. Configuration efficiency.

Since last year, PPP projects involving urban infrastructure investment have been extremely popular. According to the Ministry of Finance, as of the end of September this year, there were 10,471 projects in the database, with a total investment of 12.46 trillion yuan, of which 946 projects have entered the implementation stage, with a total investment of 1.56 trillion yuan.

The Ministry of Finance’s quarterly report revealed that the regional and industry concentration of PPP projects in the national database are relatively high, with Guizhou, Shandong (including Qingdao), Xinjiang, Sichuan, and Inner Mongolia ranking among the top five, accounting for a total of 100,000 projects in the database. Nearly half of the projects; municipal engineering, transportation, and area development projects ranked among the top three, totaling more than half of the projects in the database.

An indisputable fact is that PPP projects involve urban infrastructure investment, most of which have long investment periods and occupy a large amount of accumulated funds. However, the returns are relatively stable, and the returns in some areas are relatively high, especially in the current "asset In the context of "configuration shortage".

An unnamed head of a private equity investment institution in Chongqing said that for private capital to participate in PPP projects, first of all, it must have good resources. Secondly, as private capital frequently participates in finance, it is also increasingly concerned about financial operations. mature, those private capitals with the advantages of integrating financial and industrial resources will have an advantage in participating.

(The above answer was published on 2016-12-12, please refer to the actual relevant current house purchase policies)

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