On February 11, real estate stocks broke out collectively, and nearly 10 real estate stocks such as Tahoe Group Co.Ltd(000732) , Shenzhen New Nanshan Holding (Group) Co.Ltd(002314) , Rongan Property Co.Ltd(000517) , China Calxon Group Co.Ltd(000918) rose by the limit.
In terms of news, after hours on February 10, several media reported that the opinions on the supervision of national commercial housing pre-sale funds flowed out, and the supervision amount of pre-sale funds was determined by the municipal and county-level urban and rural construction departments according to factors such as project cost contracts. When the funds in the supervision account reach the supervision amount, the funds exceeding the amount can be withdrawn and used by real estate enterprises.
In this regard, the reporter of China Securities Journal asked the relevant regulatory authorities of housing construction and dozens of real estate enterprises for confirmation. A number of real estate enterprises said they were unaware of the news and did not receive the relevant notice.
real estate enterprises: you know after watching the news
unable to determine the authenticity of the message
Among the real estate enterprises whose share prices rose by the limit on February 11, a staff member of the brand Department of real estate enterprises said frankly to the reporter of China Securities Journal: “yesterday, I knew I got the news after seeing the news, and I couldn’t judge the authenticity of the news.”
Another real estate enterprise told the reporter of China Securities Journal: “enterprises generally get the news slowly. At present, they have not received the official news.”
A staff member of the brand Department of a TOP10 real estate enterprise responded: “I have asked all relevant internal departments. At present, the feedback is that there is no relevant information.”
China Securities News reporter asked the relevant staff of the Ministry of housing and urban rural development, and the response was that he didn’t know about it.
In addition, relevant staff of ministries and commissions responded to the reporter of China Securities News: “Beijing has issued a pre-sale fund supervision method in 2021.” However, the person did not respond to the authenticity of the above national opinions on the supervision of commercial housing pre-sale funds.
organization: promote a virtuous circle in the real estate industry
According to the supervision and management measures for pre-sale funds issued by Beijing in 2021, the key supervision amount of pre-sale funds can be comprehensively determined by each district according to the enterprise’s credit level, operation status, delivery conditions and other factors. It is no less than 5000 yuan per square meter, a significant increase of 43% over the previous period. When there are major risks and hidden dangers in the pre-sale project, the district housing and urban rural construction department shall fully take over the pre-sale fund supervision account or establish a government supervision account, implement closed management, ensure the safety of funds and give priority to project construction.
China Securities News reporter learned that at present, there is no unified standard for the supervision of pre-sale funds across the country, and all localities have formulated more strict local fund supervision standards in order to ensure the delivery of buildings. If the national pre-sale fund management policy is introduced, it will be good for the occupation of funds by real estate enterprises.
Zhang Dawei, chief analyst of Zhongyuan Real estate, told the China Securities Journal that various regions have independently issued corresponding “measures for the supervision and management of pre-sale funds” and “implementation rules for the supervision and management of pre-sale funds”, resulting in great differences in the supervision of pre-sale funds.
“Pre sale funds are the last threshold to ensure that buyers do not fail to buy a house. For the first and second tier cities, the proportion of pre-sale funds supervision is not high, and the construction and installation (referred to as” Jian’an “) The cost accounts for a low proportion of the selling price, while the construction and installation cost accounts for a high proportion of the selling price in the third and fourth tier cities. Previously, some cities were excessively tightened and difficult to use. Once the national policy is unified, it will be beneficial. On the whole, the excessive tightening in some cities may be relaxed, and the market expects to see substantial easing in the financing of real estate enterprises. ” Zhang Dawei said.
Chen Wenjing, deputy director of the index division of China Index Research Institute, said that under the current situation of high pressure on “guaranteed delivery buildings” in some places and limited use of pre-sale funds by enterprises, the introduction of new national measures for the management of pre-sale funds will help guide local “guaranteed delivery buildings” and play a positive role in alleviating the current capital pressure of enterprises and improving the efficiency of capital use, It is conducive to safeguarding the legitimate rights and interests of property buyers, opening up the recycling of funds and promoting a virtuous circle in the real estate industry. At the same time, it will play a positive role in driving the stability of current market sentiment and the boost of market confidence.
The reporter of China Securities Journal observed that recently, the changes of real estate stocks were obvious. Many real estate companies have continuously raised the limit, but the caliber of relevant companies is basically that the internal and external business environment has not changed.
Take Tahoe Group Co.Ltd(000732) as an example, the company’s stock rose 51.35% this week. In the latest announcement on abnormal fluctuations in stock trading, the company mentioned that there has been no significant change in the company’s operation and internal and external business environment in the near future.
According to the Research Report of Anxin securities, in January 2022, the total sales of the top 100 real estate enterprises fell by 40.7% year-on-year, and the total equity sales fell by 42.2% year-on-year. The early spring festival this year had a certain impact on the sales in January. The number and area of transactions in 30 large and medium-sized cities fell by 27.7% and 23.7% year-on-year in January, and the transaction is still weak.
However, some institutions believe that the national development and Reform Commission’s statement that the infrastructure investment is moderately ahead of schedule will have a positive impact on the construction and real estate companies engaged in agent construction business.
The relevant person in charge of the national development and Reform Commission previously said that there were many uncertain factors in the first quarter, so we should appropriately move the policy starting point forward, make early arrangements, start early and achieve results, and meet various challenges with a stable economic operation situation. We will promptly introduce a series of policies and measures to implement the strategy of expanding domestic demand, timely study and put forward targeted measures to revitalize industrial operation, and appropriately carry out infrastructure investment in advance.
