Approaching the end of the year, various brokerages have recently released the 2024 investment strategies of the real estate industry. It is worth noting that the transformation of urban villages has been unanimously mentioned by major brokerages, and some brokerages have called it "the key to breaking the game".
Since the beginning of this year, relevant policies have been intensively introduced at the local level to vigorously support the transformation of urban villages. According to the analysis of the western **, from the perspective of policy statements, the transformation of urban villages is entrusted with the mission of expanding domestic demand and optimizing the real estate structure, and is expected to become an important starting point for stable growth in 2024. At present, there is great potential for the transformation of urban villages, and Fuxing Co., Ltd., a veteran Hubei real estate enterprise focusing on the transformation of urban villages, is expected to fully benefit.
According to the data, Fuxing Co., Ltd. has started the urban village transformation business since 2004, and is the first real estate enterprise in the industry to enter the urban village transformation, and has successively carried out more than ten urban village transformation projects such as Tuanjie Village, Triangle Road Village, Hongxia Village, etc., and has accumulated a lot of experience in the "urban village and old city transformation" and other projects for many years. This private placement is expected to raise no more than 13400 million yuan, which will be used for the urban village reconstruction project of Hongqiao Village in Wuhan - Hongqiao City K6 residential project and Hongqiao City K15 project, which is in line with the policy of "guaranteed delivery of buildings".
Fuxing Co., Ltd. said in an institutional survey that the development of fund-raising projects is progressing smoothly. The saleable area of the residential area of the K6 project in Hongqiao City is about 3720,000 square meters, 86% of which has been pre-sold, and the project is expected to be completed and filed by the end of December 2023The saleable area of the K15 project in Hongqiao City is about 1270,000 square meters, buildings 1-3 have been completed and delivered, buildings 4-5 have been liquidated, and the project is expected to be completed and filed by the end of December 2024. The project has obvious advantages in location and educational resources, and is close to parks, making life livable, taking into account the mature living facilities and convenient transportation facilities in Hankou urban area, and the prospects are promising. It is expected that the net profit margin of the sales of the K6 residential project in Hongqiao City will be 1063%, the net profit margin of the sales of the K15 project in Hongqiao City was 1348%, with good economic benefits.
Industry insiders believe that if the fixed increase of Fuxing shares is successfully implemented, it is expected to help accelerate the promotion of fundraising projects and accelerate the release of performance. At the same time, with the help of the high gross profit margin of the fundraising project, the company's profitability is also expected to be further enhanced.