On March 7, Ni Hong, Minister of Housing and Construction, talked about the current real estate situation at the second "ministerial passage" of the Two sessions, saying that he was "confident" of the stabilization and recovery of the real estate market.
Coincidentally, on the evening of March 7, Poly Development, the leading real estate company, released sales data for February and January-February 2023, with good growth in the same ring ratio, and the trend of "stabilization and recovery" is very obvious. According to the data of third-party real estate research institutes, the contract sales and equity sales of Poly Development in the first two months of this year have risen to the first place in the industry. In addition to
Poly, Greentown China and Jindi Group, which released data few days ago, also showed a steady recovery momentum from January to February this year, especially in February, while the decline of some dangerous housing enterprises such as Xuhui Holdings, Zhongliang Real Estate and Shimao Shares was significantly narrowed. Analysts believe that with the recovery of domestic economy and consumption, the policy resonance between supply and demand of real estate will bring a new round of growth opportunities, but the logic of differentiation will be further strengthened, and high-quality resources will continue to gather to the head housing enterprises in the future.
The contracted amount of 63.8 billion yuan increased by 22%
, and the sales scale of Poly rose to the
evening of March 7. Poly Development announced that in February 2023, the company achieved a contracted area of 2.0341 million square meters, an increase of 35.51% over the same period last year; The contracted amount was 34.284 billion yuan, an increase of 42.2023 from January to February, and the contracted area was 3.8735 million square meters, an increase of 15.33% over the same period last year; The contracted amount was 63.829 billion yuan, an increase of 22.
It is worth noting that the sales amount of Poly Development Contract was 63.5 billion yuan on the sales list of the top 100 real estate enterprises released by Kerui in 2023, while the official announcement of 638. At that time, the list showed that Poly Development ranked first in the industry. It surpasses the Country Garden Holdings that has topped the list for six consecutive years.
Poly's development has also maintained a steady pace of land acquisition. In February, in terms of land acquisition projects, Poly added four new real estate projects. The total investment is about 116.
month 6" According to Jindi Group, in February 2023, the contracted area was 834,000 square meters, up 77.74% year-on-year; the contracted amount was 14.79 billion yuan, up 53% year-on-year. From January to February 2023, the company achieved a total contracted area of 1.385 million square meters, up 34.79% year-on-year; Greentown China, a
private real estate enterprise, achieved a total contracted sales area of approximately 1.37 million square meters and a total contracted sales amount of approximately 31.4 billion yuan in the two months ended February 28, 2023. In the same period last year, the total contract sales area of Greentown Group was about 1.29 million square meters, and the total contract sales amount was about 27.4 billion yuan. In the first two months of this year, the growth rates of the company's contracted sales area and sales amount were 6.2% and 14% respectively.
According to the statistics of Kerui, in February this year, most of the TOP30 real estate enterprises rose in the same ring ratio, among which Zhonghai and China Railway Construction increased by more than 100%. China Shipping, China Resources, China Merchants, Huafa, Jinmao, Yuexiu, Poly Real Estate, China Railway Construction, Power Construction and other 9 companies increased by more than 100% year-on-year. On the evening of March 7, it was difficult to find
a situation in which the decline of
some real estate companies was narrowed
and the sales data of February and the first two months were released by a number of real estate companies. Overall, although it was difficult to achieve positive growth, the decline was more than 50% compared with the same period last year. The decline has narrowed significantly. From January to February
2023, the accumulated contracted sales of CIFI Holdings Group (including contracted sales by joint ventures and associates) amounted to approximately RMB12.83 billion, with a contracted sales area of approximately 87.The average contracted sales price from January to February 2023 was approximately 15100 RMB/square meter. In the same period of 2022, the contracted sales amount was 16.74 billion yuan, and the contracted sales area was 112. In the first two months, the decline of Xuhui's sales volume and sales area was controlled at about 20%. From January to February
2023, Shimao achieved a sales contract area of about 7.
Zhongjun Group Holdings achieved a cumulative contract sales amount of about 6.86 billion yuan in the first two months of this year, with a cumulative contract sales area of 56.
Xincheng Holdings achieved contract sales of about 7.809 billion yuan in February, a decrease of 30.47% over the same period last year; The sales area was about 888,000 square meters, a decrease of 25.1-2.The cumulative contracted sales amount was about 13.585 billion yuan, a decrease of 28.85% over the same period last year, and the cumulative sales area was about 1.603 million square meters, a decrease of 19.
The total pre-sale amount of the Group, together with the joint ventures and associates of the Group, and the Agile Project was 12.56 billion yuan, with a corresponding GFA of 82.1 billion yuan. For the two months ended February 28, 2022, the total pre-sale amount of the Agile Group, together with the joint ventures and associates of the Group, and the Agile Project was 14.1 billion yuan. The corresponding construction area is 104. The sales and area of Agile in the first two months fell between 10% and 20% year-on-year. The Minister of
Housing and Construction said that the logic of differentiation of "confident"
housing enterprises was strengthened
, according to China Youth Daily, at the second "ministerial passage" of the Two sessions held on the afternoon of March 7, Ni Hong, Minister of Ministry of Housing and Urban-Rural Development, said when talking about the current real estate situation. At the beginning of the year, he was "very confident" about the stabilization and recovery of real estate, and after two months, he is now "confident" about the stabilization and recovery of the real estate market.
"Full of confidence", Ni Hong said, is mainly based on three reasons:
First, from the perspective of market supply and demand, the new crown epidemic prevention and control has won a decisive victory, and the policy of provention and control has also been optimized and adjusted, which can be said to have a positive impact on both sides of real estate supply and demand. On the supply side, construction personnel and construction materials can enter the site smoothly, and the resumption rate of housing projects has been greatly improved. From the demand point of view, the number of sales offices has increased significantly, and the turnover has also improved significantly.
Secondly, from the perspective of market expectations, the sales of commercial housing nationwide in January and February this year, including first-hand and second-hand housing, ended 13 months of negative growth. Although housing prices in 70 large and medium-sized cities have risen and fallen, the overall price is stable. At the same time, the work of guaranteeing the delivery of buildings has been steadily promoted, which has effectively guaranteed the legitimate rights and interests of buyers, and the rational financing of housing enterprises has also been improved. It should be said that the confidence of market participants is recovering.
Thirdly, from the perspective of policy implementation, the strong support policy for the purchase of the first set of housing and the reasonable support policy for the purchase of the second set of housing have been introduced and are being implemented. Speculative speculation is not allowed to re-enter the market, in principle, do not support the purchase of more than three sets of requirements, all localities are also seriously implemented.
Regarding the risks in the real estate sector, Ni Hong said that the Ministry of Housing and Urban-Rural Construction will "grasp both ends and take the middle" to resolve the related risks in a "precise bomb disposal" way. On the one hand, we should treat high-quality real estate enterprises equally, support them to improve their assets and liabilities, and meet their reasonable financing needs; on the other hand, we should focus on the real estate enterprises that have problems, help them to save themselves, and deal with them strictly in accordance with the law and regulations, and never let the acts that harm the interests of the masses get away with it. Wang Qiuheng, an analyst at
Galaxy China, believes that the current real estate market has rebounded, and the policy resonance between supply and demand will bring a new round of growth opportunities. However, in 2023, the clearing of the supply side of the industry has not yet ended, the pattern is constantly reshaped in the tortuous repair path, the policy is not undifferentiated, the logic of differentiation of housing enterprises is strengthened, and high-quality resources will continue to gather to the head housing enterprises in the future.
It is suggested to focus on two main lines: one is the national real estate enterprises with strong credit, thick land reserves and excellent layout and the regional real estate enterprises with strong certainty, such as Poly Development, Gemdale Corporation, China Merchants Shekou, Vanke A, Binjiang Group, C & D, Huafa, etc.; the other is the high-quality property management companies with stable operation of the parent company, such as China Merchants Jiyu, Wanwuyun, etc.
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