Property service troika

Last week, Vanke (02202.HK) released its interim results for 2020.

In the first half of 2020, Vanke Property achieved an operating income of 6.70 billion yuan, a year-on-year increase of 26.8%, of which 55% came from projects outside Vanke. As of June 30, 2020, Vanke Property had a total contracted construction area of 680 million square meters and a taken-over area of 520 million square meters.

Yu Liang, chairman of Vanke's board of directors, once said that people should wait until Vanke Property is regarded as a "city service provider" before considering listing. In addition, Yu Liang also said, "Without the market value of 1000 billion, Vanke Property will not be listed."

At Vanke's 2020 interim results conference held on August 28th, Wang, chief operating officer of Vanke, said: "Our commercial business and logistics business are important explorations and practices on the road of transformation to urban and rural construction and life service providers. We really hope that these businesses will be listed in the future. There is no clear plan at present, and information disclosure in this area will be strengthened in the future. "

Regarding the troika development strategy of Vanke Real Estate, Wang, chief operating officer of Vanke, made a statement at the interim results conference on August 28th.

The first carriage is the property service and property business carried out from Vanke's residential area, which is a very important foundation at present.

The second carriage is commercial real estate. Vanke set up a joint venture with dtz last year, Wanwu Liangxing, and this year, a series of large-scale and complex commercial complex businesses, such as Shanghai Dream Center and Chengdu Hi-Tech Vanke Center, carried out commercial property services and property management.

The third carriage is urban property, and the earliest urban property model from Hengqin has been recognized and welcomed. In the first half of this year, including the high-tech zone in Chengdu, Gulangyu Island in Xiamen, and community governance in Pingshan, Shenzhen, these projects are all part of Vanke Property City.

Vanke Property is committed to realizing the digital operation of all-space smart space. By building an integrated digital cloud platform, people, equipment and business activities in urban space, residential space, commercial space and park space can be opened up, and online and offline linkage services can be provided.

Vanke official website shows that by the end of 2020 1, Vanke Property had operated more than 3,672 property projects in 94 large and medium-sized cities across the country.