Housing enterprises confirmed that "land acquisition is limited to 40%": last year was an important reference indicator.

On August 3, Zhongnan Construction responded to the investor's suggestion on the investor interactive platform that "Is it true that the real estate enterprises whose online land reserve exceeds 40% of the total sales will be suspended from taking land?" In fact, this is nothing new.

Zhongnan Construction said that when the Ministry of Housing and Urban-Rural Development and the People's Bank of China issued the detailed rules for fund monitoring and financing management of key real estate enterprises last year, in addition to the "three red lines" that everyone was concerned about, whether the amount of land purchased exceeded 40% of the sales amount was an important reference indicator.

Image source: Shenzhen Stock Exchange Interactive Platform

Housing enterprises are concerned about land acquisition.

Zhongnan Construction pointed out that the company's sales amount in the first half of this year was 654.38+009 billion yuan, the total land price of new projects was less than 29 billion yuan, and the ratio of land price to sales amount was less than 27%. The investment amount of the company is far from the limit required by the policy.

Earlier, a real estate developer told china securities journal that 40% of the restrictions on land acquisition mainly refer to the proportion of equity land acquisition in equity sales. "The amount of equity land acquisition accounts for the proportion of equity sale. Compared with the ratio of full-caliber land acquisition and land sales, the space is relatively large. But even so, the overall land acquisition of housing enterprises will be greatly restricted. "

It is worth noting that in order to alleviate the pressure of land acquisition by real estate enterprises, reduce the heat of hot land acquisition and improve the quality of developers' construction, some areas have adjusted the previous land acquisition rules.

For example, the Announcement of the Second Batch of Centralized Transfer of Residential Land in Hangzhou released recently shows that in order to further "stabilize land prices, stabilize housing prices and stabilize expectations" and promote the healthy and stable development of the real estate market, the bidding rules for the second batch of centralized transfer plots have been appropriately adjusted: First, bidders must pay a 20% bid bond in full before they can participate in bidding; Second, the upper limit of premium rate is adjusted from 30% to 20%, in which the upper limit of premium rate of "competitive" pilot plots is10%; Third, after the land transfer reached the upper limit price, the original "competitive self-sustaining housing" was changed to "competitive free transfer of policy rental housing". In addition, this centralized transfer is the first time to launch "competitive quality" pilot plots in ten urban areas, and adopt a two-stage operation mode of one-time announcement, offline "competitive quality" and online "competitive land price" to guide the real estate market to supply high-quality residential products from the source.

Housing enterprises actively seek balance.

Judging from the semi-annual performance forecast, in order to achieve a "breakthrough" in performance, a number of housing enterprises mentioned in the semi-annual performance forecast that they will continue to strengthen node target coordination and resource guarantee and comprehensively improve project transactions.

Taking Shenzhen Property A as an example, the company estimates that the net profit attributable to shareholders of listed companies in the first half of 20021is 676 million yuan, up by 2 18.9 1% year-on-year. The main reason for the performance change is that during the reporting period, the company's real estate sector continued to strengthen the coordination of node objectives and resource guarantee, and realized the overall accelerated turnover of projects under construction. It is estimated that the total settlement income of each project in the first half of the year will increase significantly compared with the same period of last year, and the gross profit margin of settlement projects will increase.

According to the research report of Capital Securities, there are still concerns about policies in the real estate industry at present, and the sector valuation and mainstream real estate stocks are at a new low for the whole year. It is believed that the continuous deviation between industry fundamentals and valuation will be improved, and we are optimistic about the real estate industry valuation under the background of stable policies and fundamentals throughout the year. Recommend real estate enterprises with high-quality land resources, companies with improved performance and healthy financial indicators, and housing enterprises with advantages in operation ability, cost control ability, financing ability and non-market land acquisition ability.

(Original title: "Housing enterprises confirm that" 40% "gets a life-saving straw! Since last year, it has been an important reference index for regulatory authorities. )