Sino-Singapore Jingwei Client, October 1st (Meng Zhang) The impact of the epidemic has gradually subsided and the land market has recovered rapidly. Statistics from the Centaline Real Estate Research Center show that as of September 2020, the land transaction income in 50 cities exceeded 2.96 trillion yuan, year-on-year An increase of 17%, setting a new historical record.

50 cities sold nearly 3 trillion land in the first September

  Statistics from the Centaline Real Estate Research Center show that with the epidemic under control, transactions in the multi-city land market are active, and real estate companies are actively acquiring land.

As of the end of September, land transaction revenue in 50 cities exceeded 2.96 trillion yuan.

  Specifically, Shanghai and Hangzhou’s land transaction revenue both exceeded 200 billion, of which Shanghai 231.7 billion topped the list.

In addition, four cities including Beijing, Guangzhou, Nanjing, and Wuhan have over 100 billion yuan in land transaction revenue.

There are also 12 cities with land transaction revenue exceeding 50 billion yuan, and 41 cities have accumulated more than 20 billion yuan.

  The data also shows that from January to September, the top 50 real estate companies acquired 1,699.8 billion land, a year-on-year increase of 4.5%.

  Zhang Dawei, chief analyst of Centaline Property, pointed out in an interview with the Sino-Singapore Jingwei client that the economy is fully recovering and the funds are relatively loose.

  Zhang Dawei also said that the increase in the land premium rate is mainly reflected in some cities. Although the overall land market has not yet fully increased, the price of some land in individual cities has reached historical highs.

    Data map.

Photo by Sino-Singapore Jingwei

Real estate bond financing exceeded 60.5 billion in September, an increase of 44% year-on-year

  Statistics from Centaline Real Estate Research Center show that in mid-to-September, domestic and foreign financing of real estate companies across the country blowout. Domestic bond issuance exceeded 60.5 billion, an increase of 44% from 41.92 billion in the same period in 2019, continuing the financing blowout since July.

  The data also shows that in September, US dollar financing has continued to issue more than 6 billion US dollars, and real estate companies have intensively released large-scale financing. Overall, from July to September, real estate financing has set a new historical record for the same period.

  According to Zhang Dawei's analysis, overall, domestic real estate sales have eased, and sales of most companies have increased, but real estate companies have recently increased all financing methods.

Try to raise a large amount of financing.

In order to respond to possible future market changes, most real estate companies have accelerated their reserve funds.

For companies with relatively high leverage, financing pressure has increased recently.

  Wang Ruochen, a researcher at the E-House Research Institute, told the Sino-Singapore Jingwei client that recently, many hot cities have introduced new regulations for regulation or further strengthening of financing management, and it is expected that the local market may stabilize and decline in the coming months.

In the long run, relevant financing management rules will help ensure a more stable land market and weaken cyclical fluctuations.

(Zhongxin Jingwei APP)

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