National Bureau of Statistics has not been announced full-year 2010 real estate market situation. Analysts here believe that, despite the trend of domestic credit was tightened, but the self-financing and the use of foreign investment increased, led by developers, sources of funding throughout the year is expected to more than 30% year on year increase.
more than 6 trillion in capital
flow of developers
from 2010 January to November data, the inflow of funds in real estate development reached 6.322 trillion yuan business , an increase of 31.2%. Of which, domestic loans, foreign investment, self-financing and other funds were up 25.0%, 59.0%, 49.6% and 20.4%. Compared with 2009, domestic loans and other funding was down year on year growth, return to neutral monetary policy and market regulation effect gradually.
property in December 2010 sales, and relatively stable credit background, analysts estimated that real estate development enterprise fund in 2010 will exceed 6.5 trillion yuan, an increase of 30% is met or exceeded.
for the growth of self-financing, real estate market development in the Ministry of Railway Construction House, the British Minister of Sweden that, in addition to the factors that shareholders re-investment, a large number of developers in sales revenue in 2009 and gradually carried forward to the capital, recently also become self-financing growth. is that housing prices from January to November 2010 65.6 billion foreign capital, an increase of 59.0%, compared to the year 2009 decreased by 35.5%. Analysts pointed out that, in addition to the impact of hot money inflows, the foreign investors in commercial real estate, especially in downtown commercial real estate needs of the city indeed increased. However, the overall size of real estate by foreign investors is small, does not constitute a major force in funding sources.
Department of State Information Center released a report that housing prices since 2010, the monthly growth rate of other funding sources decline. Other funding sources including deposit, advance payment and personal mortgage loans, suggesting that credit tightening and slowing sales gradually increased after the developer of financial pressure.
tight control
financial pressure caused by multiplication
DTZ study released pointed out that along with the gradual tightening of bank credit, financing of housing prices sharp narrow channels, a variety of financing instruments in 2011 as housing prices the most pressing needs. Some companies to ease the financial pressure, may be through the transfer of assets, shares, etc. to raise funds and the emergence of large development companies and merging small development company situation. Report that in the real estate financing real estate funds may occupy an increasingly important market share.
for real estate funds business in 2011, Swiss House, the British believe that if the existing control policies in the context of property transactions throughout the year the situation is expected to remain stable. 2010, the second half of the two waves has released control policies are gradually digested by the market. Loan financing in 2011, developers may be more serious situation facing the specific level of tightening is not yet a good judge.
National Information Center believes that the first half of 2011 is still tight regulation and control of real estate, real estate companies may face significant financial pressure. After the second half as the macroeconomic and market conditions change, there is proper funding of improvement possible.
(This article Source: Report of China Securities: HAN Xiao-dong)
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