On the eve of the Spring Festival, the property market ushered in a "heavyweight" positive - the first batch of "white lists" of real estate projects around the country were released!
In fact, at present, the favorable policies for the national property market are still being released, and the real estate market is expected to gradually stabilize ......
01 The "white list" of real estate projects is released!
Recently, according to the information disclosure of the Ministry of Housing and Urban-Rural Development and the State Administration of Financial Supervision, as of the end of January,170 cities in 26 provinces have established urban real estate financing coordination mechanisms, put forward the first batch of real estate project "white list" and pushed to commercial banks,A total of 3,218 real estate projects were involved。After receiving the list, the commercial bank reviewed the projects in accordance with the regulations, and has issued loans to 83 projects in 27 cities with a total of 178600 million yuan.
In the first batch of lists, 84% of the projects belong to projects developed by private real estate enterprises and mixed-ownership real estate enterprises, which truly implements the reasonable financing needs of real estate enterprises of different ownership systems without discrimination.
Previously, on January 12, the Ministry of Housing and Urban-Rural Development and the State Administration of Financial Supervision jointly issued the Notice on the Establishment of a Coordination Mechanism for Urban Real Estate Financing, proposing to meet the reasonable financing needs of high-quality projects;
On the morning of January 26, the Ministry of Housing and Urban-Rural Development held a deployment meeting for the coordination mechanism for urban real estate financing;
On February 5, the first batch of "white list" projects was released. The whole process took less than a month, which is very fast, which shows the importance of the "white list".
What is a "whitelist"?
The "white list" specifically refers to the financing coordination mechanism of real estate enterprises according to the development and construction of real estate projects and the qualifications, credit, financial and other conditions of the project development enterprises to screen and determine the support objects, and put forward a list of real estate projects that can be given financing support; The coordination mechanism will send it to the financial institutions within the administrative region, and the financial institutions will meet reasonable financing needs or provide other support according to their actual conditions after assessment.
What are the requirements for being included in the "white list"?
According to people familiar with the matter, the application process will be relatively easier for projects that can receive financing support if they can meet the following five conditions.
1. The project is under construction. For those projects that have been suspended for a short period of time but can resume work immediately after the funds are available, and can complete the delivery, they can also be included;
2. The project has collateral or mortgage guarantee that basically matches the financing amount;
3. The project determines the host bank to apply for the loan, and accepts the closed management of the loan funds;
Fourth, the project pre-sale funds have not been withdrawn, or the misappropriated funds have been recovered in a timely manner;
5. The project has formulated a plan for the use of loan funds and a completion plan.
02 A number of real estate companies have been shortlisted for the "white list"!
According to incomplete statistics, from January 30 to February 4, 2024, since Nanning became the first city to release the first batch of "white lists" of real estate projects, the "white lists" of real estate projects in Chongqing, Chengdu, Harbin, Qingdao, Yunnan, Xi'an, Hubei, Tianjin, Dalian, Changchun and other provinces and cities have been released, with a total financing demand of more than 370 billion yuan.
In Guangdong, it has been determinedSome projects such as Agile and Shimao Group have been shortlisted for the "white list", and the projects of real estate companies such as Country Garden and China Aoyuan are also expected to enter the "white list" one after another.
In terms of enterprises, according to incomplete statistics, many real estate companies, including Agile, Country Garden, CIFI, Shimao, Sunac, Greenland, China Aoyuan, Zhongnan Construction, Jinke, Longfor, Gemdale, China SCE, Sino-Ocean, etc., have entered the first batch of real estate projects "white list".
Country GardenIt has been confirmed that more than 30 projects have been approved to enter the "white list", including many projects in Henan, Hubei, Sichuan, Shandong, Chongqing and other places. Subsequently, projects in Guangdong, Hunan, Northeast China and other places are expected to enter the "white list" one after another according to the ** approval.
China AoyuanAccording to the official website, up to now, many of the company's projects have been shortlisted for the first batch of "white lists". Among them, Guangxi Nanning Yujiangnan, Chongqing Yuefu, Jade Tianchen, Hechuan original and other projects are all in the "white list" of the territory. In addition, many projects in Guangdong, Zhengzhou, Shenyang, Tianjin and other projects are also expected to enter the "white list" one after another.
AgileAccording to the official WeChat release, up to now, Agile has a number of projects involving Chongqing, Guangzhou, Kunming and other cities that have been clearly included in the "white list" by the local housing and urban-rural development department.
Shimao GroupThere are 16 projects shortlisted in the "white list", mainly located in Guangdong, Hubei, Chongqing, Jiangsu, Tianjin, Liaoning and Shandong provinces and cities, including Guangzhou Courtyard, Shimao Splendid Yangtze River, Shimao City Gate, Shimao River City Ming, Shimao Yunzhu Riverside, Shimao Qiyun Bay and Shimao Four Seasons Lotus Mountain.
SunacThere are more than 90 shortlisted projects, covering 20 cities including Beijing, Tianjin, Chengdu, Chongqing, Zhengzhou, Shenyang, Qingdao, Wuhan, Kunming, Xi'an, Taiyuan and Xishuangbanna.
CIFI GroupIt has been confirmed that 23 projects have been approved to enter the "white list", distributed in Chongqing, Kunming, Beijing, Tianjin, Taiyuan, Wuhan, Luoyang, Wenzhou, Nanning and other cities. Shimao has applied for 40 projects in pilot cities, and 16 have been shortlisted.
Greenland GroupThere are 34 projects that have been approved to enter the "white list" of real estate financing, distributed in Shandong, Sichuan, Anhui, Yunnan, Heilongjiang and other parts of the country, with a total amount of about 11.7 billion yuan.
China SCE GroupAt present, more than 10 projects have entered the "white list", with a proposed financing amount of nearly 3 billion, and more than 20 projects are being promoted, with a total proposed financing amount of nearly 10 billion.
JinkeAfter more than 20 shortlisted projects were shortlisted in Chongqing, a total of 53 projects were shortlisted for the "white list" nationwide, and in addition to Chongqing, Henan, Shandong, Guangxi, Hubei, Liaoning and other places have also landed.
Zhongnan ConstructionProjects in Nantong, Qingdao, Kunming, Chongqing and other places have also entered the white list.
Sino-Ocean GroupNearly 20 projects have been included in the "white list" of the urban real estate financing coordination mechanism, mainly in Xi'an, Chengdu, Wuhan, Xiamen and other cities.
In addition,LonghuwithGemdaleThere are also projects on the "white list", involving the Longfor Qingyunque project in Chongqing and the Shizuizi project of Gemdale in Qingdao City.
According to the preliminary analysis of the China Index Research Institute, the number of projects that meet the standards from the enterprise dimension is 172, followed by China Overseas Real Estate (107), China Resources Land (101), Longfor Group (97), and China Merchants Shekou, Greentown China, C&D Real Estate and Vanke (more than 80). It is worth noting that Longfor Group ranks fourth in the industry in terms of the number of projects, and is expected to become the company with the most projects selected for the "white list" among private real estate enterprises.
03 Expert opinion
For the release of the "white list", many experts expressed their views.
Li Yujia, chief researcher of the Housing Policy Research Center of the Guangdong Provincial Planning Institute:
In the form of a project list system, promoting the implementation of the real estate financing coordination mechanism is also to solve the problem of pre-sale fund supervisionKey measures to ensure that there will be no large-scale delivery of buildings and unfinished buildings
Yan Yuejin, research director of E-House Research Institute:
Many real estate companies that have been out of insurance also have projects that have entered the "financing white list", which means that the insured real estate companies can also get the support of the "financing coordination mechanism" and can obtain a certain amount of cash flow, which is very importantEnterprises stabilize investor confidence and resolve debt risks, all of which have a positive effect.
Liu Shui, Director of Enterprise Research of the China Finger Research Institute:
For projects on the "white list", commercial banks will evaluate them according to the status of the projects and the criteria for financing support. On the one hand, for projects with reasonable assets and liabilities and guaranteed repayment, banks will optimize the approval process and shorten the approval timeThe financing loan will be implemented as soon as possible。On the other hand, for projects that are temporarily in financial difficulties but can maintain a balance of funds, it will alsoFlexible support for new loans
Zhang Dawei, chief analyst of Centaline Real Estate:
Funding is limited, and the benefits of bailing out enterprises are relatively small, while bailing out projects will benefit much more. Nowadays, the target of the rescue is based on real estate projects, not real estate enterprises, and the main purpose is toGuarantee the delivery of buildings and people's livelihood, rather than giving insurance companies a backing.
For real estate companies, the project can be selected into the "white list" and successfully obtain financing, and the liquidity of real estate enterprises will be improved, which is major good news.
For the entire real estate industry, the release of the "white list" is conducive to boosting the overall confidence of the real estate industry, releasing the demand for housing purchases, and promoting the virtuous cycle and stable development of the real estate industry.
With the implementation of the first batch of project whitelists, more projects will receive financing support in the future, and the real estate market is expected to gradually stabilize with the coordinated efforts of policies on the demand side and the enterprise side.