The withdrawal of funds is accelerating! The purchase amount of real estate 1 month, 52.8 billion yuan surged by over 70% month-on-month.

Recently, the pace of mergers and acquisitions in the real estate industry has accelerated.

654381October 4th, Greenland Holdings announced that it planned to transfer 52% equity of Greenland Wine Tube for 624 million yuan.

65438+1On October 3, Fahua announced that Zhuhai Fahua, a wholly-owned subsidiary, intends to acquire the 5 1% equity of Shenzhen Ronghua Land held by Shenzhen Sunac Lv Wen.

On the same day, Cinda Real Estate announced that Cinda Xingcheng, a wholly-owned subsidiary, and China Cinda, a related party of the company, participated in the subscription of Wuhu Qinchang shares.

According to the statistics of Kerry Research Center, in June 5438+February, 2022, 48 M&A transactions were monitored by real estate enterprises, and 32 transactions were disclosed, with a total transaction consideration of about 52.8 billion RMB, a substantial increase of 72.4% from the previous month.

According to industry insiders, the enthusiasm for mergers and acquisitions rebounded significantly at the end of the year, and housing enterprises accelerated asset disposal and capital withdrawal. It is expected that in 2023, the policy will focus on guiding the "soft landing" of real estate risks. In the later period, the central government may introduce more policies in housing enterprise financing, mergers and acquisitions, debt extension and other aspects to help housing enterprises resolve the liquidity crisis.

A number of housing enterprises intend to dispose of assets and withdraw funds.

At the beginning of the new year, the news of real estate enterprises' disposal of assets, mergers and acquisitions continued.

65438+10.4, Greenland Holdings announced that it intends to carry out strategic cooperation with Mingyu Business Travel on hotel management business. According to the strategic cooperation intention, Greenland Digital Technology Co., Ltd., a holding subsidiary of the company, intends to transfer its 52% equity of Shanghai Greenland Hotel Management Co., Ltd. to Mingyu Business Travel at a consideration of 624 million yuan.

65438+1On October 3, Fahua announced that Zhuhai Fahua, a wholly-owned subsidiary of the company, intends to acquire the 5 1% equity of Shenzhen Ronghua Land held by Shenzhen Sunac Lv Wen. The total amount of this transaction is about 3.58 billion yuan, including the purchase price of the underlying equity of 3.57 billion yuan and the purchase price of the underlying creditor's rights of 1 1.9 million yuan. The acquisition was made in cash. Upon completion of the acquisition, Zhuhai Fahua will hold 0/00% equity of Ronghua Real Estate/KLOC.

On the same day, Cinda Real Estate announced that Cinda Xingcheng, a wholly-owned subsidiary of Cinda Chongqing Real Estate, and China Cinda, a related party of the company, participated in the subscription of partnership shares. The total subscription scale of the partnership enterprise is 65.438+0.06 billion yuan, of which China Cinda subscribed 278 million yuan as a limited partner, accounting for 26.22% of the partnership enterprise scale; Cinda Xingcheng subscribed RMB 265,438+065,438+0 million, accounting for 65,438+09.965,438+0% of the partnership scale, and developed the project by way of transaction.

It is worth noting that China Cinda is one of the four largest financial asset management companies (AMC) in China. Recently, AMC has made some progress in saving real estate enterprises. Two projects of Sunac China, a real estate company with a head accident, were rescued by two AMCs. Among them, China Huarong, together with six banks and CITIC Trust, reached an equity financing cooperation on Sunac Shanghai Dongjiadu Project, and China Dongfang also reached an equity financing cooperation with Sunac Wuhan Taohuayuan Project. Sunac obtained AMC capital injection through the transfer of project equity.

In 65438+February last year, the M&A amount received by real estate enterprises was about 52.8 billion.

According to the statistics of Kerry Research Center, from June 5438 to February 2022, 48 M&A transactions were involved in the key monitored real estate enterprises, and 32 transactions were disclosed, with a total transaction consideration of about 52.8 billion yuan, a substantial increase of 72.4% from the previous month. The average size of a single M&A transaction disclosed is 654.38+065 billion yuan (654.38+065.438+ 10 month).

Judging from the transaction progress, from June 5438 to February 2022, five transactions passed the plan of the board of directors, of which two transactions that disclosed the transaction amount involved a price of 654.38+083 billion yuan; 65,438+06 transactions, involving an amount of 65,438+0,665,438+0 billion yuan, in which South China City sold 69.35% equity of Xi 'an South China City to the major shareholder Jianfa, and SIIC sold 90% equity and creditor's rights of the North Bund plot to AIA Life Insurance at a price of 5 billion yuan; Of the completed 18 transactions, 7 disclosed the transaction amount, and the corresponding transaction scale was 6.9 billion yuan. In addition, the number of ongoing, listed and terminated transactions is 3, 5 and 1 respectively.

Among them, there are two M&A transactions with high market attention:

One case is Huaxia Happiness's announcement of 65438 on February 28, 2022. It plans to sell the assets of its southern headquarters to China Resources Land for 124 billion yuan, involving Wuhan Changjiang Center, Wuhan Zhongbei Road Project, Nanjing University Campus Project and 1 Shenzhen Property Company.

Ke Rui Research Center pointed out that Huaxia Happiness sold the assets related to Langfang Industrial Park and Gu 'an on February 8 and 26, 2022, with an estimated total return of 654.38+692 million yuan. Huaxia Happiness will return more than 654.38+05 billion yuan through the sale of assets throughout the year, but it disclosed in its debt restructuring plan in September that "the assets will be returned to 750 yuan."

On June 5438+February 65438+February 07, 2022, China Merchants Shekou announced another major merger. It is planned to acquire 24% equity of Nanyou Group and 2.89% equity of China Merchants Qianhai Industry through public offering. As China Merchants Qianhai Industry directly holds 50% equity of Qianhai Free Trade Investment, Qianhai Free Trade Investment owns about 806,200 square meters of land in Shenzhen Qianhai Mawan. After the transaction is completed, China Merchants Shekou will greatly enhance the value of land resources in Shenzhen Qianhai Mawan.

Judging from the type of the property subject to the transaction, there was a substantial increase in residential acquisitions from June 5438 to February 2022, with 19 cases involving the equity of development projects, and the M&A scale of residential projects was about 27.5 billion yuan, which was mainly affected by major transactions such as Huaxia Happiness/kloc-0.24 billion yuan to dispose of the assets of the South Headquarters and Shang Lu's development of 5.9 billion yuan to divest its real estate business to Shandong Chengfa. In addition, there are 26 transactions involving diversified investments, with a corresponding transaction amount of 22.3 billion yuan, accounting for 42% of the total scale, of which COSCO plans to sell 50% of the shares of Chengdu COSCO Taikooli to Taikoo Real Estate for 5.55 billion yuan. Recently, COSCO has taken frequent actions to dispose of assets, and there were three real estate sales plans in June 5438+February alone.

Ke Rui Research Center pointed out that the recent Central Economic Conference reflected the urgency of the central government to prevent and deal with real estate risks. It is expected that the policy in 2023 will focus on guiding the "soft landing" of real estate risks. On the one hand, it will stabilize the credit subject of housing enterprises. In addition to promoting the existing "three arrows" real estate financing support policies, the central government may introduce more policies in the fields of housing enterprise financing, mergers and acquisitions, debt extension and so on to help housing enterprises resolve the liquidity crisis. The second is to ensure delivery, emphasize the responsibilities of all parties, solve the problem of delivery of faster houses, and stabilize residents' confidence in buying houses.