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地王、上市公司、高房价的“三角畸恋”

(2007-10-30 20:15:11)
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财富人生

房产/置业

地王

上市公司

高房价

 地王、上市公司、高房价的“三角畸恋”

 

“地王”的故事仍在频繁重演,看客们已渐生“审美疲劳”,而财大气粗的上市公司依然兴奋度不减。昨天,杭州单价“新地王”诞生,经过53轮竞价,“杭一棉”地块,以楼板价15588元/米的“王者之相”,以22.26亿总价,被远洋地产和另一家北京企业联合竞得。令人讶惊的是,这一楼板价已超过周边楼盘现售价!

 

胜出者远洋地产,完全是一幅“资本英雄”凯旋归来的姿态。9月28日,远洋地产在香港联交所正式挂牌上市,首日股价大涨42.86%,总募集资金119亿港元,成为继碧桂园之后,第二家募资超百亿元的内地房地产企业。大笔圈钱——高价竞地,这完全是合乎逻辑的融资、投资之道。这便是近期各地“地王”的创造者清一色都是上市公司的原因所在。

 

今年7月,底价为46.38亿元的长沙新河三角洲地块以92亿元成交,成为全国 “新地王”,其“东家”同样是来自北京的北辰、城开联合体,而北辰则是去年才由香港回归A股。从市场的角度分析,“地王”频现的原因有三:一是宏观调控使住宅用地供应偏紧,优质地块尤其稀缺;二是地产企业呈现强者愈强的趋势,大企业之间的竞争越来越激烈;三是由于房价上涨的良好市场预期,地价上涨难以抑制。从一定程度上讲,“地王”现象是土地“招拍挂”出让制度、房地产宏观调控、楼市持续繁荣三者孕育出的必然产物。

 

同时,“地王”也是房价飙升的重要推手。从房价的成本构成上分析,地价所占比重呈攀升趋势,由此导致房价持续上涨。自2004年经营性用地出让实行“招拍挂”以来,全国地价明显上涨。自去年以来,地价上涨速度有进一步加快之势。国家统计局的数据表明,今年以来,全国70个大中城市土地交易价格上涨较快,一至三季度累计平均上涨12.8%,一季度上涨9.8%,二季度上涨13.5%,三季度上涨15%。

 

国家统计局数据显示,今年一至三季度,70个大中城市房屋销售价格累计平均上涨6.7%,其中一季度上涨5.6%,二季度上涨6.3%,三季度上涨8.2%。相较可知,今年以来地价上涨的轨道与房价非常吻合。更值得关注的是,今年一至三季度地价上涨幅度(12.8%),比房价增幅(6.7%)高出约一倍!如果考虑到项目开发周期的影响,地价推高房价的作用力还有一个慢慢释放的过程,目前已如此高价拿地,则未来一到二年中国房价的调控难度可想而知。

 

应该说,由于房地产业是资金密集型行业,在实行“招拍挂”之后,资金雄厚的企业必然在拿地中处于绝对优势地位,经营性住宅用地,尤其是优质地块高度集中于上市企业,是必然趋势。而且,大型上市公司影响部分地方政府的能力很强,在某些中西部城市和三四线城市醉心于招商引资的情形之下,他们很容易在拿土地过程中得到优惠和眷顾。在巨量资金的驱动下,目前上市公司高价拿地已出现非理性倾向。大量土地集中于大型企业手中,比如大盘必然采取分期“滚动开发模式”,客观上容易出现囤地现象,这与宏观调控精神背道而驰。

 

日前,在万科新标志北京发布会上,地产领袖王石表示,万科一直坚决反对囤地、反对捂盘,而且今年以来募集的上百资金100%投到了指定项目。暂且不管王石所言百分百属实,还是虚中有实,实中有虚。至少像万科这样比较注重“企业公民”建设的地产巨头的,比如正在进行中的旨在“解决城市低收入人群住房问题”的“海螺行动”。但不可否认的是,目前我国房地产开发商仍是一个鱼龙混杂的群体,为树立竞争优势而漠视风险高价拿地,为贪图扩张而违反证监会禁令从股市融资买地,为追求短期暴利而不惜顶风囤地捂盘,如此非正常现象比比皆是。作为“父母官”,政府是该考虑干预地王、上市公司、高房价之间的“三角畸恋”了。

 

前建设部长新任上海书记,上海楼市将若何?

 

 房地产代理与中介业的前世与今生

 

史上最经典的卖楼骗人把戏

 

长三角16城市楼市热度大比拼

 

靠物业税降房价,注定让人失望!

 

第二套房”背后的隐秘博弈  

 

近期买房,把握四大要点!

To Wang, the listed companies, the high price of "triangular abnormal Passion"

"The King" is the story of the frequent repetition of Onlookers were beginning to Health and the rich and powerful of listed companies still excited degrees unabated. Yesterday, the Hangzhou Price "landmark King" was born, after 53 bid, "Hang a cotton" plot to floor price 15,588 yuan / m "King of the phase" to 2.226 billion lump sum, the ocean and another real estate joint enterprises competing in Beijing. It is讶panic is that the floor price is more than the surrounding real estate prices!

Winners of offshore real estate, is a "capital Hero" triumphant return home gesture. September 28, offshore real estate official in the Hong Kong Stock Exchange listing, the first day shares rose 42.86%, with a total fund-raising 11.9 billion Hong Kong dollar, has become the after the second yuan Mainland real estate enterprises. Large Physically - expensive to compete, it is entirely logical for the finance, investments Road. This is all over the recent "to Wang," the creators of all-listed companies are the reason.

This year in July, with bidding opened at 4.638 billion yuan of Changsha River Delta block to 9.2 billion yuan turnover, and a national "landmark King", and his "boss" from Beijing is the same Mr Michael Tien, a city of the Commonwealth, Mr Michael Tien is the last year before the reunification of Hong Kong with the A shares. From the point of view of the market, "the King" Frequently for three reasons: First, macroeconomic regulation and control to residential land supply is tight, especially the scarcity of high-quality plots; Second, the stronger the real estate business showed strong trend, large enterprises increasingly fierce competition between; Third, it is because of the good prices rising market expectations, land prices rose difficult to inhibit. Speaking from a certain extent, "the king" phenomenon is the land "moves, shoot a" transfer system, the macro-control of real estate, the property market continued prosperity and the development of a three and a natural product.

At the same time, "the King" is also an important push prices soared hands. From a price on the cost of premium share an upward trend, which led to the soaring prices. Since 2004 of commercial land transfer implementation of "strokes linked to shoot", the nation's land prices rose significantly. Since last year, land prices rose further accelerate the speed of potential. The National Bureau of Statistics data show that, this year, the nation's 70 large and medium-sized urban land transaction prices rose faster, 1-3 quarter cumulative average rose 12.8% in the first quarter rose 9.8% during the second quarter, up 13.5%, the third quarter rose 15%.

The National Bureau of Statistics data showed, 1-3 quarter of this year, 70 large and medium-sized cities cumulative average home sales price rose 6.7%, one quarter rose 5.6% during the second quarter, up 6.3% in the third quarter, up 8.2%. In comparison, we can see that this year the track with premium prices rose very anastomosis. Of more concern is that since this 1-3 quarter premium increase (12.8%), than the increase in house prices (6.7%) higher than doubled! If taking into account the impact of the project development cycle, the prices pushed up land prices force there is a slowly release process, and has to take such a high price, then the next one to the 2002 Chinese control prices difficulty can be imagined.

It should be said that, as the real estate industry is capital-intensive industries, in the implementation of "moves, shoot peg", a well-financed enterprises will inevitably have to take are in an absolutely dominant position, operators of residential land, particularly the quality of listed block highly concentrated in enterprises, and this is an inevitable trend. Moreover, the effects of large listed companies the ability of local governments strong, in some Midwest cities and urban lines, bent on March 4 introduced the circumstances, they are very easy to take in during the process of land concessions and favor. Driving in the massive amount of funds, the current high prices of listed companies has emerged with the irrational tendencies. A large amount of land concentrated in the hands of large enterprises, such as the market will adopt staging "rolling development model," objectively prone to tun to the phenomenon, which runs counter to the spirit of macro-control.

Recently, in Vanke new logo Beijing conference, Wang said the real estate leaders, Vanke has always been firmly opposed tun, opposedisk, and this year raised more than 100 funds 100% have been placed in the designated project. Wang said no matter the time being 100% true or false in it, it is in the virtual. They do, at least as Vanke focus on "corporate citizenship" Building a real estate magnates, such as the efforts being undertaken to "solve the problem of low-income urban housing crowd" of the "Conch action." However, it is undeniable that the current real estate developers in China is still a bad became mixed groups, to establish a competitive advantage and ignore with high risk, for the sake of expansion of the SFC under the ban from equity financing to buy land, for the sake of short-term profits at the expense todisc wind tun, so there are plenty of non-normal phenomenon . As a "parent officials", the government is considering intervention to Wang, the listed companies, high housing prices, the "triangle abnormal Love."

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