Country gardens sales in the first nine months were 446.7 billion yuan, and the annual sales were expected to increase by 10percent year on year

category:Finance
 Country gardens sales in the first nine months were 446.7 billion yuan, and the annual sales were expected to increase by 10percent year on year


According to the statistics of Kerui, a third-party research institution, the highest equity sales of domestic real estate enterprises in the first nine months of this year was China Evergrande (03333. HK) with 505.86 billion yuan, followed by country garden.

In September, the sales growth of country garden was slightly higher than that of the industry. The amount of equity sales of domestic real estate enterprises increased by 21.3% in September from a year earlier, compared with an average increase of 5.5% in the first nine months, according to Kerry.

Kerry said that overall, this years overall sales and supply rhythm of real estate enterprises moved backward, and the supply volume in the second half of the year increased significantly. However, in September, the level of the removal rate of large-scale real estate enterprises showed a downward trend, and the pressure on real estate enterprises to go to the market in the fourth quarter was still high.

At the mid-term performance communication meeting of country garden in 2020, executive vice president Cheng Guangyu said, the company is confident that the accumulated sales in the first eight months of this year will catch up with or even surpass the level of the same period of last year. it is expected that the annual sales performance will achieve a year-on-year growth of 10%.

In 2019, country garden will achieve a sales volume of 552.2 billion yuan. In turn, it is estimated that the sales target of country garden in 2020 will be about 607.42 billion yuan.

Cheng Guangyu said that this years annual sales volume is about 900 billion yuan, and 480 billion yuan is planned to be pushed in the second half of the year. With 160 billion yuan of circulation in the first half of the year, the sales value in the second half of the year is about 640 billion yuan. With the extension of the sales cycle, the sales de turnover rate increased from 62% in the first half of the year to 67%.

In the first eight months of this year, the new land reserve of country garden is expected to cover an area of 34.55 million square meters, with a total cost of 109.6 billion yuan and an average land price of 3173 yuan per square meter. Kerry believes that the achievement of the performance targets of Housing enterprises this year is affected to some extent by the epidemic, and the overall performance is not as good as that in the same period of 2018 and 2019. In the first three quarters, nearly 30% of the real estate enterprises achieved less than 65% of the target, which reached the highest proportion in the same period in recent three years. At the same time, although there are some real estate enterprises actively seize the sales window period, speed up the elimination. By the end of September, 8 companies had achieved a target completion rate of more than 75%, which was at a relatively high level in the industry, but the overall proportion was also significantly lower than that in the same period in 2019. At present, many real estate enterprises are under pressure in terms of sales and sales even though their annual performance targets are relatively low. In the fourth quarter, they still need to speed up the pace of selling and selling. Source: surging news editor: Wang Wenhua_ NF5982

Kerry believes that the achievement of the performance targets of Housing enterprises this year is affected to some extent by the epidemic, and the overall performance is not as good as that in the same period of 2018 and 2019. In the first three quarters, nearly 30% of the real estate enterprises achieved less than 65% of the target, which reached the highest proportion in the same period in recent three years. At the same time, although there are some real estate enterprises actively seize the sales window period, speed up the elimination. By the end of September, 8 companies had achieved a target completion rate of more than 75%, which was at a relatively high level in the industry, but the overall proportion was also significantly lower than that in the same period in 2019. At present, many real estate enterprises are under pressure in terms of sales and sales even though their annual performance targets are relatively low. In the fourth quarter, they still need to speed up the pace of selling and selling.