Why do large central enterprises or state-owned enterprises frequently sell real estate assets?

What signal? Large central enterprises or state-owned enterprises frequently sell real estate assets!

In just 1 1 month, OCT, a central enterprise, successively sold three real estate projects in Shenzhen, Chongqing and Beijing, with a total price of nearly 8 billion yuan. And this is not a case. According to incomplete statistics, in the whole month of 1 1,1housing enterprises, including China Merchants Shekou, AVIC, China Railway and China Shipping, intensively sold their assets, including 9 central enterprises or state-owned enterprises, and the total amount of sales targets reached 56 billion yuan. In the opinion of analysts, at the end of the year, housing enterprises frequently sold real estate assets. On the one hand, they were forced by the pressure of real estate regulation and control to reduce pressure and reduce burdens for enterprises and withdraw funds. On the other hand, it is to optimize the asset structure and investment layout by stripping off non-performing assets.

According to the statistics of Ke Rui Real Estate Research Center, on June 5,438+01,there were1/housing enterprises involved in asset sales, and there were 15 projects for sale, with total assets reaching 56 billion yuan. Among them, there are 7 central enterprises, 2 state-owned enterprises, private enterprises 1 household, and Hong Kong-funded enterprises 1 household. In terms of the amount, the 75% equity of Hong Kong Central Center sold by Changjiang Industry alone reached HK$ 40.2 billion (about RMB 33.686 billion), accounting for 60%.

From the perspective of a single company, OCT, a central enterprise, has the most intensive action of selling assets. The three asset listing transfers include: Shenzhen Nanshan 1 1 Villa sold for 504 million yuan as a whole, Chongqing Company's 5 1% equity listing transfer13.95 million yuan, and Beijing Fengtai Wang Di Project's 5 1% equity transfer of 5.68 billion yuan. Two listed companies of China Aviation Industry Corporation, AVIC Real Estate and AVIC International Holdings, sold their shares at 1 1. Among them, AVIC Real Estate sold its 0% stake in AVIC Real Estate (Shanghai)/Kloc-0 at a price of164 million yuan, and AVIC International Holdings sold its 60% stake in AVIC Vanke Co., Ltd., in addition, China Jinmao went public and transferred 50% stake in Shanghai Xinggang International Center Complex and Lijiang Bauhinia Tourism Development Co., Ltd./Kloc at a price of 5.998 billion yuan. Merchants Shekou listed and transferred 60% equity and creditor's rights of Zhenjiang Nanshan Creative Industry Park Development Co., Ltd. with a listing price of 65.438+0.36 billion yuan; China Railway Real Estate listed and transferred 30% equity of Suzhou Real Estate and 65.438+367 million yuan of creditor's rights at the price of 65.438+373 million yuan; China Shipping Real Estate transferred 0/00% equity and creditor's rights of Beijing Century Shunlong Real Estate Company.

Since the beginning of this year, the equity transfer of housing enterprises has been frequent, and most of the projects involved are in a state of loss or high debt. It is observed that of the 15 real estate projects sold in June, 1 15 and 10 are in a state of high debt or loss. For example, the Fengtai Wang Di project transferred by OCT, by the end of 10, the total assets of the project company were 9.556 billion yuan, and the liabilities were as high as 9.832 billion yuan; Sichuan Capital Yuanda Co., Ltd., whose share of 100% was sold by Capital Land, suffered a net profit loss of 65.6 million yuan in the first three quarters of 20 17, with total assets of 577 million yuan and total liabilities of 579 million yuan as of September 30, 20 17.

Analysts of Ke Rui Real Estate Research Center said that with the deepening of macro-control in the real estate sector, market transactions continued to cool down, making it more difficult for housing enterprises to pay back money. In addition, the financing policy has been tight, which has affected the source of funds for housing enterprises, and the demand for burden reduction and decompression of housing enterprises has increased greatly. Most mainstream housing enterprises began to actively reduce the debt ratio, and the demand for equity financing increased significantly. The sprint performance at the end of the year is also an important reason. In addition, from the perspective of corporate strategy, housing enterprises can adjust their business structure and layout by selling some assets that are not in line with the development of corporate strategy or are not in cities covered by corporate strategy.