The regulation of real estate in the Mainland has become stricter and the financing channels have been further tightened
The domestic housing enterprises have released the signal before, saying that the land acquisition will be cautious. China Resources Land (1109) did not reduce its land acquisition. In August, it invested 6.49 billion yuan to acquire 4 plots. The sales figures for August and the first August of this year all recorded annual growth.
Rundi announced yesterday that it has acquired four new plots in August, located in Lanzhou, Nantong, Shenyang and Suzhou, with a total gross floor area of approximately 1.002 million square meters, involving a total of approximately 6.49 billion yuan
During the interim results meeting, Mr. Tang Yong, Chairman and Executive Director of Rundi, said that he is still optimistic about China’s economic growth and urbanization in the long run and will actively participate in land bidding. The overall financing environment in the Mainland will be tightened in the second half of the year and will be closely watched. The trend of the capital market and the amount of financing in the real estate market.
According to the latest data released by Rundi, the contracted sales in August rose by 15% year-on-year to 21.93 billion yuan; the contracted sales area was about 1.284 million square meters, up 19% year-on-year
Among them, the sales amount of the equity contract was 15.57 billion yuan, and the construction area of the equity contract sales was 1.008 million square meters. In the first eight months of this year, Rundi recorded a total contracted sales amount of approximately 153.4 billion yuan, up nearly 14% year-on-year; and reached 63% of the annual sales target of 242 billion yuan. During the period, the total contracted sales area was approximately 8.267 million square meters, an increase of approximately 9% year-on-year. In addition, in August alone, Rundi realized that the rental income of investment properties increased by more than 30% to 1.032 billion yuan year-on-year; the accumulated rental income of investment properties this year exceeded 7.8 billion yuan, an increase of about 30% over the same period last year.