Small And Medium-Sized Housing Enterprises Capital Chain Tight &Nbsp; Nearly 10 Billion Funds To Escape The Real Estate Industry

A large number of industrial capital gradually moved away from the real estate sector.

May 18th, Hongye Shares The announcement said that it was prepared to spanfer the 12% stake in Nanjing AI Tao Land Limited (hereinafter referred to as AI Tao land) through the spanfer of the Jiangsu property exchange. listing price For 10 million 142 thousand yuan, the purpose of the spanfer is to "integrate and optimize internal resources and focus on promoting the main business objectives".

A day earlier, the ten international engineering company of the Zhongji Institute of technology sold the 35% shareholding of the ten Jin Xin (Luoyang) real estate company held by the Beijing stock exchange. The base price was 11 million 574 thousand and 200 yuan.

Reporter based on Beijing property rights spanaction Rough statistics on publicly traded platforms such as the Shanghai stock exchange, and the spanfer of real estate equity by listed companies were made. As of May 18th, 9 billion 210 million yuan of funds had been taken away from the real estate industry this year.

In terms of spanaction prices, the net asset valuation of most spanfer projects is not particularly high. Many projects have a net asset premium rate of less than 50%, but there are also cases of up to 29.71 and 19.75 times premium.

Capital strained to withdraw property

Small and medium-sized Housing enterprises capital chain tension is an indisputable fact.

Taking a spanfer project of a private housing company in Yantai as an example, its registered capital is 10 million yuan, and the total investment in Yantai is about 500 million yuan, with a total construction area of about 52 thousand square meters. Financial data show that its total assets at the end of last year amounted to 4 million 910 thousand yuan, while its total liabilities amounted to 42 million 687 thousand and 100 yuan.

Recently, the CBRC leaders at the internal situation meeting also suggested that due to various factors, the spanfer of real estate projects in some urban property rights markets increased significantly.

The first quarter trading data released by the Beijing equity exchange show that in the first quarter of this year, the real estate industry of the North Jiaotong estate had a total of 14 spanactions, totaling 2 billion 581 million, with an average premium rate of 33.66%, of which the spanferee seven became a non-state-owned enterprise.

The southern industrial Asset Management Co's South East Bank land company has reached 92.29% of its assets and liabilities as at the end of last year. At present, the southern industry is holding a 60% stake in the Beijing equity exchange.

The announcement also shows that in addition to the Beijing property exchange, there are 23 real estate projects listed on the property exchange in Tianjin, Shanghai, Anhui and Shenzhen this year, especially Shanghai.

In the identity of the spanferor, there are both central enterprises and local state-owned enterprises, and private capital is also indispensable. The scale of the real estate companies that are traded is not large. Moreover, most of the real estate owners do not sell real estate as the main business.

Since May, only the listed projects of Beijing equity exchange, for example, China Hengtian Group Co, Southern Industrial Asset Management Co., Ltd., ten International Airport Engineering Co., Ltd., three central enterprises or subordinate enterprises have sold real estate equity.

In the camp of private enterprises, the 75% stake in Changsha Gao Xin Real Estate Company, which will be held by the end of March, will be spanferred to Guangzhou integrity Cci Capital Ltd, with a price of 554 million yuan. In addition, Hongda shares also spanferred the real estate shares in the early May to the spanfer price of about 1 billion 193 million yuan.

While recycling investment funds, these companies are also accelerating the return of loans and guarantees to real estate enterprises.

Hongye shares said that as of now, the loan to AI Tao's capital is 66 million 178 thousand yuan. After the spanfer of shares, it will urge Tao to repay the loans as soon as possible.

After the completion of the spanfer of real estate shares, Gao Xin received 642 million yuan of loan principal and interest owed by Changsha Real Estate Development Co., Ltd. in May 12th, and the bank loan guarantee of 250 million yuan was also lifted.

"Now the situation of big developers can still be, the days of small and medium-sized developers have been very difficult, until the three quarter of this year, if there is no more financing channels, they will certainly not be able to bear." The head of a real estate company in Sichuan said the peak of the spanfer of real estate will come on the heels.

The highest premium is nearly thirty times.

In fact, in terms of net assets assessment of spanfer projects, the premium rates of various projects vary considerably, ranging from 11% to 290%.

For example, the Tianjin Binbin real estate investment company has an office building, a commercial and hotel apartment in the Binhai New Area's business center, with a total investment of 500 million yuan. It is expected that the project will be completed in December 2012.

As of the assessment date, the net assets book value of the company in February 28, 2011 was 66 million 496 thousand and 100 yuan, the assessment value was 158 million 377 thousand and 100 yuan, and the premium was 138%. The net assets appraisal premium of Beijing Haicheng real estate development company located in the three line city of Sanya is only 36%.

"The state's regulation of real estate will definitely affect the market's expectations of the industry, and the overall reduction of the assessment price should be a positive trend." Chongqing general manager of a real estate appraisal company told reporters.

The highest priced investor is 600153.SH, which spanfers 100% of Shanghai's Long March real estate company.

In April 20th, Shangyu Tian Dao investment company bought this share at a price of 342 million yuan, while the net assets of the real estate company were assessed at 310 million yuan and appreciated 29.71 times. Jian FA shares explained that the main reason for net asset appreciation is the increase in market value of the real estate development project of the reunion building under the current assets. The project is an old city renovation project of three villages in Putuo, Shanghai.

Only after that was the 60% equity spanfer of Shanghai Jun Ting Real Estate Co., Ltd., with a net assets of 16 million 44 thousand and 900 yuan, an estimated value of 332 million yuan, and a value increment of 19.75 times. The real estate company is developing a new land related project in Yangpu District, covering an area of 21540 square meters. In May 18th, the reporter learned from the exchange that buyers have received the offer and are handling the relevant spanfer procedures.

"When the core area or high quality property is spanferred, we can still enjoy a higher premium in evaluating the price." The above general manager of a real estate appraisal company in Chongqing said.