This really worries me. After all, the status of real estate in the national economy is too important, and it has driven a lot of employment and tax revenue. If the real estate collapses in a large area, the buyers of our city investment company will have problems, and the local government will inevitably have problems. Think about it and be afraid,
Look at my report. Look at the top 100 real estate companies. Before real estate, 10, there were 6 state-owned enterprises. Other private enterprises such as Country Garden were just downgraded, Sunac defaulted on its debts, the green land was in jeopardy, and Longhu was relatively stable and completely changed its face. There are almost these types of developers who can take land now:
1. Traditional real estate developers such as central state-owned enterprises, China Shipping, Poly, China Merchants and Vanke.
2. Local state-owned real estate developers: Yuexiu, Jianfa, Fahua, etc.
3. Traditional and steady real estate developers: Longhu, Xuhui and Zhong Jun.
4. Transformation of construction enterprises in central enterprises: China Construction Department real estate developers, China Railway Construction, etc.
5. Real estate developers with local city investment as the main body.
Among these categories, the era of crazy land acquisition has passed. For the assets invested by cities, the largest part is land, which will be listed soon. Now, except for areas where first-and second-tier cities can be transformed, most real estate developers have refused to take land, and now the debts in their hands are enough for enterprises to attend to one thing and lose sight of another. What's more, how to transform the land invested by cities in third-and fourth-tier cities? !
Government city investment platform to buy land is not much. At present, 80% of local governments still rely on land financial support. Without this income, government functional departments will operate. What should we do to support local economic development? !
At this stage, we can't change the premise at this stage, but we can only find a way to start according to the logic of commercial real estate.
I. Category I: Residential real estate.
There are several ways for the local government to set up a real estate company on the city investment platform, from the original income from land sales to the mode of selling houses:
First, the local government will release the land and introduce 100 real estate as an agent.
Second, local government land, the establishment of real estate development companies, central enterprises to adopt the F-EPC model.
Third, local governments should liberalize land and introduce private capital for cooperative development and joint venture real estate development.
Local governments can implement one or more ways to carry out rapid decontamination according to local conditions.
The second type: commercial real estate.
Introduce relevant assets with trading ability, such as Vanke, Wanda and Hualian, and make such assets into REITS or CMBS.
The third type: residential and apartment assets.
Introduce long-term rental apartments such as chain homes with strong related business capabilities to make their assets active and finally make asset securitization products.
The fourth type: industrial real estate.
Introduce relevant listed companies, invest some assets in listed companies, and make them revitalize quickly.
No matter what method is used, all the inventory assets will eventually form an asset flow, and the current assets have trading conditions, so that the city investment can reduce the survival risk.
No matter how the real estate market changes, the time when you want to survive by selling residential land has passed, and you can only invest in the city in various ways to avoid the arrival of risks.