The total scale of the starting price of the land to be stopped in multiple places reached 34 billion yuan

category:Finance
 The total scale of the starting price of the land to be stopped in multiple places reached 34 billion yuan


Temporary suspension of land transfer in many cities

According to incomplete statistics from the Securities Daily, from the perspective of national land transfer actions, on January 31, Nantong, Jiangsu Province listed a plot with a starting price of 5.869 billion yuan, winning the bottom price of Shekou. On February 3, Hangzhou sold a piece of residential land with 390 million yuan and a premium rate of 29.66%.

Since February 4, Beijing, Tianjin, Shanghai, Hangzhou, Chongqing and other places have temporarily suspended the transfer of land, involving a total starting price of more than 34 billion yuan. In addition, according to the Securities Daily, according to the transfer plan, in February, Beijing will have 10 residential land and commercial land with a land price of more than 30 billion yuan to enter the market. At present, auction of some plots has been suspended. Whether the subsequent plots enter the market according to the original plan remains to be determined.

According to incomplete statistics of Yiju Real Estate Research Institute, in January 2020, at least 45 of the 100 cities in the country have clear plans for land supply, and such cities need to pay attention to the impact of the epidemic on the land market.

Some insiders told the Securities Daily that there are two main reasons why the land cant be auctioned on time. On the one hand, its necessary to avoid the gathering of people on site under the epidemic situation, and the extension of holidays will delay the land auction plan. On the other hand, during the epidemic period, the vast majority of projects and sales offices across the country are implementing the stop sale order and stop work order, land investment, trading and development Industry and other industries are affected, and the pressure on real estate enterprises is great, and the willingness to take land is weakened.

The research report issued by CICC also pointed out that in the short term, this round of epidemic will affect the willingness of developers to push prices and enhance the wait-and-see mood of buyers, which will lead to the weakening of real estate sales, the start-up of real estate enterprises, the slowing down of construction pace and the cooling of land market. In the first quarter, the national real estate sales, new construction and land transaction may all have a negative year-on-year growth, and the real estate investment may only have a low single digit growth.

Investment desire of real estate enterprises in the first quarter decreased sharply

According to the plan and consideration of land acquisition in the first quarter, it depends on the opportunity, and the cash flow, because the land reserve of the company is very sufficient at present. A real estate investor told Securities Daily.

Another real estate enterprise personage said that generally speaking, the first quarter is the window period for real estate enterprises to acquire land. According to the turnover speed of the project, land acquisition at the beginning of the year can realize opening within the year, and sales performance will be recorded at the end of the year. But this year, the epidemic is suddenly coming. On the one hand, the sale of land is suspended. In addition, the new investment of enterprises is generally based on cash flow. After the outbreak of the epidemic, the cash flow of sales terminals is blocked. If the financing side does not give enough power, the enterprise will not blindly expand the scale of investment.

Within one or two months, the sales revenue will be lower than expected, and the real estate enterprises will consider to readjust the investment layout and development pace in the country. Hu Jinghui told Securities Daily that in the first quarter of this year, developers were not so urgent about land acquisition, so they had to stay behind, relative to the resumption of sales and the acceleration of construction. From the perspective of the land acquisition development sales chain, this year will be postponed for a quarter as a whole. The core work of real estate enterprises is to collect funds quickly to ensure the safety of the capital chain.

At present, it can be basically judged that in the first quarter of 2020, the residential land trading market will be relatively cold. If the epidemic is controlled as soon as possible, the real estate enterprises will start to replenish their positions in March. Yan Yuejin, research director of think tank center of E-House Research Institute, told Securities Daily that whether the land market recovered in the second quarter largely depends on the financial situation of Housing enterprises. If the capital situation is not significantly improved, the recovery of residential land trading market will significantly lag behind the residential sales market. Jiang Yunfeng, research director of the land cloud Business Department of China Research Institute, said: the current epidemic has brought a certain crisis to the land market, but in the long run, developers are still most concerned about the land. It is expected that after the end of this round of epidemic, some local governments will speed up their efforts to form new land access opportunities for developers. Source: responsible editor of Securities Daily: Yang qian_nf4425

At present, it can be basically judged that in the first quarter of 2020, the residential land trading market will be relatively cold. If the epidemic is controlled as soon as possible, the real estate enterprises will start to replenish their positions in March. Yan Yuejin, research director of think tank center of E-House Research Institute, told Securities Daily that whether the land market recovered in the second quarter largely depends on the financial situation of Housing enterprises. If the capital situation is not significantly improved, the recovery of residential land trading market will significantly lag behind the residential sales market.

Jiang Yunfeng, research director of the land cloud Business Department of China Research Institute, said: the current epidemic has brought a certain crisis to the land market, but in the long run, developers are still most concerned about the land. It is expected that after the end of this round of epidemic, some local governments will speed up their efforts to form new land access opportunities for developers.