Heavyweight of the real estate market: 18.4 billion yuan of investment in three collective land use projects in Beijing

category:Finance
 Heavyweight of the real estate market: 18.4 billion yuan of investment in three collective land use projects in Beijing


It is worth noting that three of the 18 projects involving urban renewal and housing security use collective construction land for construction, respectively:

The project of No.1 collective industrial land (dx00-1002-003 plot) in langan District, Huangcun Town, Daxing District, will mainly construct a total property right house, with a land area of 106100 square meters, a construction scale of 265300 square meters, a total investment of 7 billion yuan, and a private capital investment of 7 billion yuan.

Collective rental housing project: Construction of collective rental housing, covering an area of 11.67 hectares, with a construction area of 144000 square meters. The total investment of the project is 1.44 billion yuan, and it is planned to introduce 1.44 billion yuan of private capital investment.

These three projects involve a total investment of 18.4 billion yuan, and all of them are planned to introduce private capital for overall investment, but the specific location of the latter two projects has not been disclosed.

Different from the past commercial housing to be built on state-owned land, if these three projects can be successfully concluded, it will mean that Beijings innovation in new channels of land supply for real estate will be further promoted and recognized by the main participants in the market.

As one of the 18 pilot cities that use collective construction land to build rental housing in China, Beijing has been promoting the construction of rental housing on collective land in recent years, and plans to supply 500000 rental housing units from 2017 to 2021, mainly on collective land.

Whats the difference between building houses on collective land and the small property houses banned by the government? Relevant departments in Beijing have repeatedly stressed that the use of collective land to build rental housing, only rent not sell, and resolutely put an end to the development and construction of houses with small property rights in disguised form.

According to the regulations of Beijing, the co ownership housing refers to the policy oriented commercial housing that the government provides policy support, organizes the construction of the construction unit, the sales price is lower than the price level of commercial housing of the same location and quality, limits the scope of use and disposes the right, and implements the co ownership of property rights by shares between the government and the buyer.

It can be seen that on the one hand, the common property right housing has the characteristics of policy, on the other hand, it also has the property of commercial housing, that is, the property right can be traded.

For the significance of the transfer of the plot, Beijing Municipal Planning and self Commission said that the entry of the project into the market effectively improved the housing structure, while enriching the cases of collective construction land entry into the market and exploring reform experience.

The successful transfer of this plot can be said to be a major change in the use of collective land, which is of great significance. Zhang Dawei, chief analyst of Zhongyuan Real estate, said.

Zhang Dawei said that although some cities are pilot using collective land to construct rental housing, due to the long time of return on income and high investment cost, some cities have not made great efforts to promote it. As for the collective, the pilot of collective land construction co ownership, with less short-term investment and fast income, may be more conducive to enhancing the willingness of collective organizations to participate.

The collective construction land successfully transferred in September last year is also from Daxing District. The specific location is the plot of collective construction land of Yinghai town yz00-0803-2010, 2013a, 2013b, 2014 and 2016. The final winner of the plot is Beijing shangrui Real Estate Co., Ltd. with a transaction price of 1512.83 million yuan.

According to the plan, the land will be built with a common ownership housing, with an average price of 29000 yuan per square meter for external sales, including the cost of full decoration. The planned building area of the plot is 108059 square meters. Based on the transaction price, the floor price is about 14000 yuan / square meter.

According to the public information, Beijing shangrui Real Estate Co., Ltd. is a wholly-owned subsidiary of Zhengshang industry (00185. HK), a Hong Kong listed company, while the controlling shareholder of Zhengshang industry (00185. HK) is actually Henan Zhengshang group.

Zhengshang group was founded in Zhengzhou, Henan Province in 1995. Its main business includes real estate development and industry. In the past two years, Henan Zhengshang group has acquired land in Beijing, but the land acquired is state-owned construction land.

Shangrui real estate and Zhengshang group didnt explain why they wanted to build policy oriented commercial housing on collective land.

Which private enterprise can accept the offer?

For example, compared with the common property right houses built on the state-owned construction land, how to determine the property right proportion of the buyers of this type of common property right houses, and whether the buyers can use the house loan? These problems need more follow-up supporting policies to be clear.

After spending 1.5 billion yuan to pocket the collective construction land, Beijing shangrui real estate and its parent company Zhengshang industry (00185. HK) have yet to disclose the next development progress of the plot.

The three plots of Yinghai town in Daxing District launched last year are located next to each other, and the floor price is almost the same, but the fate is different. What are the prospects of the three conferences launched this year?

Compared with the plot of Yinghai Town, the three collective construction lands launched this time cover a larger area and involve a lot of money. In addition to one rental housing, the other two have a total planned construction area of 810000 square meters (552800 square meters + 265300 square meters), involving a total investment of 17 billion yuan, and all of them tend to invest in private capital, which will greatly test the financial strength of those who intend to participate in private enterprises. What impact will these collective lands have on the market? If calculated by 100 square meters of a suite, the above two collective construction land is expected to provide 8000 sets of new policy oriented commercial housing for the market. According to the data of Zhongyuan Real Estate Research Center, 4172 sets of new housing online signs will be built in Beijing in May 2020, which is the highest data in the last 10 months. Yan Yuejin, research director of the think tank center of Yiju Research Institute, once told the first financial reporter that it remains to be seen whether the collective construction of land for the construction of shared property houses will form a large scale depends on the promotion of the pilot project and whether it will soon affect the real estate trading market. Source: Chen Hequn, editor in charge of the first financial network_ NB12679

Compared with the plot of Yinghai Town, the three collective construction lands launched this time cover a larger area and involve a lot of money. In addition to one rental housing, the other two have a total planned construction area of 810000 square meters (552800 square meters + 265300 square meters), involving a total investment of 17 billion yuan, and all of them tend to invest in private capital, which will greatly test the financial strength of those who intend to participate in private enterprises.

What impact will these collective lands have on the market? If calculated by 100 square meters of a suite, the above two collective construction land is expected to provide 8000 sets of new policy oriented commercial housing for the market.

According to the data of Zhongyuan Real Estate Research Center, 4172 sets of new housing online signs will be built in Beijing in May 2020, which is the highest data in the last 10 months.