Why do China developers increase their investment in Hongkong?

Because Hong Kong is a promising market for mainland developers, and land is still the foundation of development and the purpose of corporate capital shopping. In the eyes of some market participants, under the control, mainland developers have laid out the Hong Kong property market with loose funds, which has become the biggest variable in the future of the Hong Kong property market.

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Hong Kong local developers are increasingly aware of the pressure from mainland developers. Recently, the Lands Department of Hong Kong sealed a batch of tenders from mainland real estate enterprises, announcing that the monopoly of Hong Kong real estate market by local developers is being broken.

Mainland developers stir up a pool of spring water. 20 17 Up to now, two of the three land tenders in Hong Kong have finally fallen into the hands of mainland developers.

According to the news released by the Lands Department of Hong Kong, a homestead in Kai Tak, Kowloon, Hong Kong was sold for 65438 on June 25th, attracting 18 housing enterprises such as Poly, China Shipping, Sun Hung Kai, Vanke, China Resources Land, Longguang, Changjiang Industry and Yongtai Real Estate to participate in the auction. In the end, Jinya won the bid with the highest bid of HK$ 5.529 billion.

The reporter found that Jin Ya Group is an indirect wholly-owned subsidiary of Hongkong International Construction Investment (00687). HK)。 According to the announcement of Hong Kong International Construction Investment Company, HNA Group became its controlling shareholder in April 20 16 at a price of HK$ 4.53 per share. In other words, Jin Ya is an HNA company.

This is the third package that HNA has won in three months. Prior to this, in 20 165438+ 10 and 65438+February, HNA Industrial International, a subsidiary of HNA, won two residential plots in Kai Tak for nearly HK$ 8.84 billion and HK$ 5.465438 billion respectively. In just three months, HNA has spent HK$ 654.38+098 billion on the Hong Kong land market. Official website, HNA Group introduced that since the development of 1993, the company has developed from a single local air transport enterprise to a multi-format large-scale enterprise including aviation, hotels, tourism, real estate, commodity retail and finance.

The second plot fell into the hands of New World, a local developer in Hong Kong. On February 15, New World Development won a commercial land in Cheung Sha Wan, Kowloon for HK$ 7.79 billion. Because this land is commercial in nature, only China Shipping is involved among mainland developers.

The bidding result of the third parcel has attracted great attention from the mainland and Hong Kong. On February 24th, Longguang Real Estate (03380.HK) joined hands with Jingtaifu (0 18 13. HK) won the high-end residential plot in Ap Chau, Hong Kong with a total price of HK$1685.5 billion, setting a record for the total transaction price of a single plot in Hong Kong in recent years. Competing with Longguang and Hejing Taifu are China Shipping, Vanke, China Resources Land, Hang Lung Real Estate, New World, CITIC Pacific, Changjiang Industry and other 14 housing enterprises. According to Longguang, Longguang and Hejing Taifu each hold 50% rights and interests of the parcel.

According to the data disclosed by the Lands Department of Hong Kong, from May 20 16 to February 20 17, the total land transaction area in Hong Kong was 314,000 square meters, and the total land transaction amount was10.206 billion Hong Kong dollars, about half of which was seized by mainland developers.

While mainland developers have entered the Hong Kong market in succession, the influence of local developers who were active in the past on the market has rapidly weakened.

According to Jones Lang LaSalle's data, in terms of the proportion of land purchases, the proportion of land purchases by seven local developers in Hong Kong, including Sun Hung Kai, Cheung Kong Industrial, Henderson Land, Nanfeng Group, New World, Xinhe Real Estate and Huidefeng Real Estate, dropped significantly-from 45% in 20 12 to 28% in 20 14, and in 2066,

As far as housing supply is concerned, Jones Lang LaSalle predicts that the housing supply of the seven major developers will decrease from 85% in 20 14 and 77% in 20 16 to 53% in 20 17 to 20 19.

On February 23rd, Ma, Director of the Development Bureau of the Hong Kong SAR Government, summed up the supply situation of residential land in 20 16~20 17, saying that about 2 1 piece of residential land in Hong Kong was put on the market in 20 16, which was the year when the government resumed the initiative to sell land in 20 10. However, according to the monitoring data of Jones Lang LaSalle, the above seven developers bought five homesteads on 20 16 * *, which was significantly lower than that on 20 12 10.

Ma revealed that in 20 17~20 18, Hong Kong plans to sell 28 homesteads, 3 commercial/commercial sites and 1 hotel sites, of which 8 are from the land sale plan in 20 16~20 17. However, Ma said that whether the above-mentioned prediction of potential housing land supply can be realized will depend on factors such as whether the relevant procedures for government land use can be completed within the year, the progress of railway property development projects and urban renewal authority projects, and the developer's willingness to modify land contracts and implement reconstruction projects.

Zhou Ruoyu, senior director of the Asia-Pacific region of Jones Lang LaSalle's valuation department, believes that government land sales are also facing uncertainties such as fluctuations in the global economy and financial markets, possible cooling policies of the Hong Kong SAR Government, and changes in the mainland property market policies.