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Published on 2017-10-18 03:46:58 Share it web version
                        Chengdu's new property market will bid farewell to the rough house or break the pre-sale system and lead to many ways to follow suit
Source: Securities Daily Editor: Eastern Fortune Network

After two years of research and demonstration, on October 17, the General Office of the Chengdu Municipal People's Government issued the “Implementation Opinions on Further Accelerating the Development of Finished Residential Buildings in Chengdu” (hereinafter referred to as the “Opinions”), requesting that Chengdu Municipality be completed by the end of 2022. The city only sells finished rooms.

The above "Opinions" pointed out that at the end of 2022, the proportion of newly-built commercial residential buildings and affordable housing completed residential areas in the city reached 100%, and the fundamental transformation of residential product structure from clear water houses to finished houses was realized.

It is reported that the finished house refers to the completion of the fixed surface paving or finishing of all functional spaces before the completion of house acceptance, and the installation of the inner pipeline and switch socket, kitchen and bathroom equipment in place, and basically meet the conditions of occupancy.

In this regard, some insiders told this reporter that once this new policy is implemented, it means that the Chengdu property market will bid farewell to the era of “raw house”, and its essence is to break the pre-sale system of new commercial housing, which will force developers to change traditional marketing. Mode, reducing leverage.

Coincidentally, Zhang Hongwei, director of the Institute of Science and Technology, said that the essence of the “New Deal for Chengdu Finished House Sales” is to break the pre-sale system that has been implemented in the Chinese real estate market. As we all know, from the day of the birth of the pre-sale system, the purpose is to solve the problem of insufficient funds for the construction of commercial housing. Obviously, this move in Chengdu will have a profound impact on the policy environment, housing development, and financial markets.

Zhang Hongwei further said that at present, Chengdu's new disk is still the main force of the 期房, most enterprises, real estate will face rectification, the market influence is great. The implementation of the new sale of finished homes will lengthen the cycle of developer funds withdrawal, which will inevitably increase the financing costs of enterprises, and this part of the negative is likely to be passed on to house prices. It is expected that in the years of 2022, Chengdu’s housing prices will In response, prices will rise further in the future.

In addition, “de-leverage” will aggravate the pattern of “strong and strong” in housing enterprises. As a capital-intensive enterprise, the proportion of self-raised funds of domestic real estate enterprises in total development investment has remained at around 30%, and the total annual investment in real estate has also maintained a small increase. At the same time, the housing enterprises are unable to flexibly adjust their scale and cash flow according to the external capital market conditions. Therefore, the new sale of finished products in Chengdu will further realize the “de-leveraging” of the real estate market, reduce the capital turnover of real estate development projects, reduce the efficiency of the use of funds, increase the use cost of development funds, and put a more severe test on the financing capacity of housing enterprises. The scale competition of "big fish eat small fish" will also become more and more heated.

It is noteworthy that Zhang Hongwei believes that the new property market introduced by Chengdu this time is in line with the long-term mechanism or has caused many places to follow suit. Since the “de-leverage” of the property market last year, the market has changed significantly, and the leverage ratio of housing enterprises and the leverage ratio of residents have begun to decline to varying degrees. In the context of accelerating financial de-leveraging, the real estate market will continue to adjust. Therefore, the Chengdu New Deal will probably not be a case. In the future, core first- and second-tier cities may follow suit. This is likely to be part of the long-term regulation mechanism of the property market.

  近期各地楼市新政汇总>>>

  Shijiazhuang property market new policy: the longest sale of affordable housing for 5 years

  Hainan Sanya property market regulation and upgrading, commercial housing implementation for 5 years limited sales

  Ningbo property market regulation and upgrade! Houses in these areas are restricted for sale within two years

  Qingdao introduced the property market regulation policy, strictly controlled the price of residential land

  Nanchang property market regulation and new policy is introduced: the house can only be transferred after 2 years of real estate certificate

  Xi'an property market new policy: before the price adjustment of commodity housing, it is necessary to report to the price department

  Guiyang property market new policy: purchase of new commercial housing is not transferable within three years

Published on 2017-10-18 07:22:41
                            6666
Published on 2017-10-18 07:41:22
                            sofa
Published on 2017-10-18 07:41:39
                            Don't break the loan until the end of 2020
Published on 2017-10-18 07:46:53
                            This good policy nationwide promotion
Published on 2017-10-18 07:51:49
                            Buy a house quickly, you can't buy a rough house in the future, you can't have your own characteristics.
Published on 2017-10-18 07:51:59
                            Worth promoting
Published on 2017-10-18 08:24:05
                            Going up again
Published on 2017-10-18 08:27:59
Published on 2017-10-18 08:42:14
Dry grass :This good policy nationwide promotion
                            For you, the rich people really have a knife policy. For the vast majority of the poor, they just need to save some money on the decoration.
Published on 2017-10-18 08:49:56
                            Like to say goodbye to the bad room, to achieve basic accommodation conditions, reduce the environmental pollution of the decoration and dry noise, better quality of the batch decoration, more provinces
Published on 2017-10-18 08:55:06
                            Don't shoddy it!
Published on 2017-10-18 09:19:30
                            It also gave the developer more opportunities to make money. The decoration link can cut corners and make more money. In the past, there were several developers who did not sell the finely decorated rooms, and the unfinished skins were still more reassuring and less affected by the people.
Published on 2017-10-18 09:23:52
                            In addition to the house,,, decorate here and make money again
Published on 2017-10-18 10:26:51
                            From the day of the birth of the pre-sale system, the purpose is to solve the problem of insufficient funds for the construction of commercial housing. -----Is the funds still insufficient?
Published on 2017-10-18 11:04:31
                            Zhengzhou New House must be refined next year, no longer sell rough houses, Chengdu has been behind Zhengzhou for two years!
Published on 2017-10-18 11:06:29
                            Sit back and stay! The actual decoration is cheaper than the individual! The city is not dirty!
Published on 2017-10-18 11:07:03
                            it is good
Published on 2017-10-18 11:08:28
                            Singapore is 20 years old! Finely renovated new house!
Published on 2017-10-18 11:24:54
You will encounter a lot of fear and temptation on the road of the stock market, and in the end it will be a deep set. Buying stocks that are likely to rise in the future is worse than buying stocks that are rising.





Come quickly and quickly, let us share the joy of the stock market, and share the prosperity of the world.
Published on 2017-10-18 11:30:51
I beg you to raise it. :For you, the rich people really have a knife policy. For the vast majority of the poor, they just need to save some money on the decoration.
                            In this case, there is still a lot of renovation time and resources waste, which is a good thing.
Published on 2017-10-18 11:32:16
                            The new energy pure electric vehicle intelligent controller system series leader Yingboer (300681) has a huge potential for outbreaks. With the policy push, it must be a new high, stronger and stronger. Buying a lock-up stock price will break more than 15O yuan. ______________________________
Published on 2017-10-18 11:51:55
                            If quality cannot be guaranteed, many people still have to redecorate and waste more.
Published on 2017-10-18 11:56:10
                            OCT A000069 doubled its third-quarter results to a conservative target of 18.88 yuan!
As of 2017-10-13, the company's performance forecast for the company in the next 12 months

In 2017, a total of 17 institutions gave forecasts, with an average forecast of 2017 earnings per share of 0.9967, of which:
Guotai Junan is the most optimistic, predicting a net profit of 935,447,800 yuan; Guohai Securities is more conservative
The predicted net profit is 599,014,400 yuan.

In 2018, a total of 16 institutions gave forecasts, with an average forecast of 20,495 earnings per share of 20,495, of which:
Essence Securities is most optimistic, predicting a net profit of 1,24,694,000 yuan; Guojin Securities is more conservative
The predicted net profit is 730,305,500 yuan.

In 2019, a total of 12 institutions gave forecasts, with an average forecast of 20,159 earnings per share of 20,159, of which:
Essence Securities is the most optimistic, predicting a net profit of 151,213 million yuan; BOC International is more conservative
The predicted net profit is 894.90 million yuan.
Published on 2017-10-18 11:56:47
                            OCT A000069 doubled its third-quarter results to a conservative target of 18.88 yuan!
As of 2017-10-13, the company's performance forecast for the company in the next 12 months

In 2017, a total of 17 institutions gave forecasts, with an average forecast of 2017 earnings per share of 0.9967, of which:
Guotai Junan is the most optimistic, predicting a net profit of 935,447,800 yuan; Guohai Securities is more conservative
The predicted net profit is 599,014,400 yuan.

In 2018, a total of 16 institutions gave forecasts, with an average forecast of 20,495 earnings per share of 20,495, of which:
Essence Securities is most optimistic, predicting a net profit of 1,24,694,000 yuan; Guojin Securities is more conservative
The predicted net profit is 730,305,500 yuan.

In 2019, a total of 12 institutions gave forecasts, with an average forecast of 20,159 earnings per share of 20,159, of which:
Essence Securities is the most optimistic, predicting a net profit of 151,213 million yuan; BOC International is more conservative
The predicted net profit is 894.90 million yuan.
Published on 2017-10-18 12:07:38
                            Gradually move towards formality. The initial stage is completed.
Published on 2017-10-18 12:13:23
                            Strongly agree
Published on 2017-10-18 12:26:15
                            I am also waiting to buy a renovated room to save time and worry.
Published on 2017-10-18 12:26:18
                            I am also waiting to buy a renovated room to save time and worry.
Published on 2017-10-18 12:36:53
                            Hangzhou has implemented this policy as early as nine months. . .
Published on 2017-10-18 12:39:08
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Source: Securities Daily Editor: Eastern Fortune Network

After two years of research and demonstration, on October 17, the General Office of the Chengdu Municipal People's Government issued the “Implementation Opinions on Further Accelerating the Development of Finished Residential Buildings in Chengdu” (hereinafter referred to as the “Opinions”), requesting that Chengdu Municipality be completed by the end of 2022. The city only sells finished rooms.

The above "Opinions" pointed out that at the end of 2022, the proportion of newly-built commercial residential buildings and affordable housing completed residential areas in the city reached 100%, and the fundamental transformation of residential product structure from clear water houses to finished houses was realized.

It is reported that the finished house refers to the completion of the fixed surface paving or finishing of all functional spaces before the completion of house acceptance, and the installation of the inner pipeline and switch socket, kitchen and bathroom equipment in place, and basically meet the conditions of occupancy.

In this regard, some insiders told this reporter that once this new policy is implemented, it means that the Chengdu property market will bid farewell to the era of “raw house”, and its essence is to break the pre-sale system of new commercial housing, which will force developers to change traditional marketing. Mode, reducing leverage.

Coincidentally, Zhang Hongwei, director of the Institute of Science and Technology, said that the essence of the “New Deal for Chengdu Finished House Sales” is to break the pre-sale system that has been implemented in the Chinese real estate market. As we all know, from the day of the birth of the pre-sale system, the purpose is to solve the problem of insufficient funds for the construction of commercial housing. Obviously, this move in Chengdu will have a profound impact on the policy environment, housing development, and financial markets.

Zhang Hongwei further said that at present, Chengdu's new disk is still the main force of the 期房, most enterprises, real estate will face rectification, the market influence is great. The implementation of the new sale of finished homes will lengthen the cycle of developer funds withdrawal, which will inevitably increase the financing costs of enterprises, and this part of the negative is likely to be passed on to house prices. It is expected that in the years of 2022, Chengdu’s housing prices will In response, prices will rise further in the future.

In addition, “de-leverage” will aggravate the pattern of “strong and strong” in housing enterprises. As a capital-intensive enterprise, the proportion of self-raised funds of domestic real estate enterprises in total development investment has remained at around 30%, and the total annual investment in real estate has also maintained a small increase. At the same time, the housing enterprises are unable to flexibly adjust their scale and cash flow according to the external capital market conditions. Therefore, the new sale of finished products in Chengdu will further realize the “de-leveraging” of the real estate market, reduce the capital turnover of real estate development projects, reduce the efficiency of the use of funds, increase the use cost of development funds, and put a more severe test on the financing capacity of housing enterprises. The scale competition of "big fish eat small fish" will also become more and more heated.

It is noteworthy that Zhang Hongwei believes that the new property market introduced by Chengdu this time is in line with the long-term mechanism or has caused many places to follow suit. Since the “de-leverage” of the property market last year, the market has changed significantly, and the leverage ratio of housing enterprises and the leverage ratio of residents have begun to decline to varying degrees. In the context of accelerating financial de-leveraging, the real estate market will continue to adjust. Therefore, the Chengdu New Deal will probably not be a case. In the future, core first- and second-tier cities may follow suit. This is likely to be part of the long-term regulation mechanism of the property market.

  Recently, the New Deal of the property market in various places>>>

  Shijiazhuang property market new policy: the longest sale of affordable housing for 5 years

  Hainan Sanya property market regulation and upgrading, commercial housing implementation for 5 years limited sales

  Ningbo property market regulation and upgrade! Houses in these areas are restricted for sale within two years

  Qingdao introduced the property market regulation policy, strictly controlled the price of residential land

  Nanchang property market regulation and new policy is introduced: the house can only be transferred after 2 years of real estate certificate

  Xi'an property market new policy: before the price adjustment of commodity housing, it is necessary to report to the price department

  Guiyang property market new policy: purchase of new commercial housing is not transferable within three years