According to the new deal, two years of social security will be added if it has been settled for less than five years. If it has not been settled, it needs to pay four years of social security, limit the purchase of one set, and accurately crack down on short-term speculators, which must be substantially good for the property market in the long run.
However, not long ago, there happened to be a local real estate enterprise in Hangzhou. After the first centralized land supply, it was fined and confiscated because it did not pay the balance.
Therefore, the differentiation of ice and fire in Hangzhou property market appears again.
On one side, a second-hand house transaction is hot, on the other side, small and medium-sized real estate enterprises are suffering, and they can’t even afford land.
The property market is about to usher in a time of more contradiction between supply and demand and more suffering for real estate enterprises.
Huge financial pressure
Previously, I only heard that real estate enterprises tried hard to raise the auction price and became the king of land. This time, Hangzhou Songdu shares broke the circle because they couldn’t afford to buy land.
Previously, Songdu shares announced that after communication with Hangzhou planning and natural resources bureau, the decision was received on July 20, the qualification of a piece of land was cancelled, and the 50 million deposit was lost.
The main reason behind this is lack of money, very lack of money.
Songdu Co., Ltd. is an old real estate enterprise in Hangzhou, and its operation scale is not large so far.
According to the top 200 sales list of Chinese real estate enterprises in the first half of 2021 released by Kerui Research Center, Songdu shares ranked 212 with full caliber sales of 10.89 billion.
Hang Zheng Chu Chu  plot 8 photographed by it has a floor price of 20962 yuan / m2, a premium rate of 29.86% and a self-sustaining ratio of 21%.
The first centralized land supply in Hangzhou is characterized by:
The proportion of self-reliance is high, the premium rate is low, and developers can hardly earn money by dancing on the tip of the knife.
Qi Jinxing, chairman of Hangzhou Binjiang group, who won five plots of land, said:
Under the capable and efficient management of Binjiang team, the company has strong financing ability, low financing cost and great brand influence. Under such circumstances, we strive to achieve a net profit level of 1% – 2%.
For each piece of land, the profit has been compressed to the extreme due to price limit, self-support and competition. Even developers familiar with the local market dare not guarantee that they can make a lot of money.
In this market situation, the advantages of large or leading real estate enterprises are reflected. Whether they earn money or not, at least there can be a cash flow return, and the company can continue to operate.
Reprint indicated source：Spark Global Limited information