Wang Jianlin's antidote turned out to be Sun Hongbin's poison, and Sunac began to sell it on a large scale
As Wanda's "Prince Charming", he is now looking forward to his own Prince Charming.
The two hotels that were supposed to be auctioned at the Steigenberger and Chuangjianyue in Chengdu were suddenly seized, and although there were more than 4,000 spectators, the auction failed because no one was willing to put in coins.
Chengdu Steigenberger and Chuangjianyue were both one of the 13 tourism projects that Sunac bought last year, and at that time, Sun Hongbin was called "white knight" by Wang Jianlin.
And now, Wanda is still constantly transferring assets, but Sunac has changed from the previous "buying, buying, buying" to the current "selling, selling, selling".
Six years ago, Sun Hongbin and Wang Jianlin's cultural dreams have now become a tool used by Sun Hongbin to repay debts, and Sunac is taking back these assets one by one.
Sunac starts**,
Back then, Sunac was the biggest pick-up man, Song Weiping, Liu Chuanzhi, Wang Jianlin, Deng Hong, these people were all saved by the "white knight".
However, one of the most "impressive" things about Sunac is that in 2017, Sunac bought 91% of Wanda's 13 tourism real estate projects and 76 hotels at a total price of 63.2 billion, becoming one of the four major real estate companies after Evergrande, Greenland and Country Garden.
In the first half of this year, Sunac took out more than 80 billion land, and by the end of the year, the number of land in Sunac's hands reached more than 200 billion.
Faced with the doubts about Sunac's rapid development, Mr. Sun, who has 130 billion cash and 80 billion equity in his hands, responded decisively: "Others will be thunderous, but I will never be Sunac!" ”
But in 2022, the "white horse knight" suffered a disaster, Sunac fell into trouble, and from 2023 onwards, Sun Hongbin has been making every effort to promote the restructuring of overseas debts and accelerate the speed of ** assets.
Sunac China sold its hotel project in Chongqing Cultural Tourism City on July 7 for a total price of 4$2.2 billion; On August 17, the company sold three real estate projects: Zhenhua Mansion, Wangjinsha and Hefei Show, totaling 122.9 billion; On September 15, Sunac sold the No. 8 plot of Boao Coastal Scenic Spot in Hainan Province and its partners and sold it at a price difference of 1,723,000. Sunac seems to have successfully recovered 1.6 billion yuan, but in fact, it has lost all its money, and most of the projects are losing money.
At present, debt restructuring has solved Sunac's financial pressure in the next few years, however, the situation is not optimistic, Sunac's next thing to do is how to solve debt pressure, how to reduce debt, and improve the financial situation.
The evolution of property.
In fact, Sunac is not the only one, in the process of long-term regulation of the real estate market, the life of the giant is still difficult, and many developers have recently begun to "realize" assets.
At the end of last year, Wang Jianlin resolved a storm because of a gambling contract, and turned back to "sell, sell, sell, sell". According to relevant data, from this year to now, Wang Jianlin's Wanda has transferred 10 Wanda shopping malls.
Wang Jianlin's way of survival is not limited to this. Even the 15-year-old Dalian team, a 15-year-old team, could not escape the fate of being disbanded.
On January 17, the Dalian People's Club officially issued a statement that it could no longer continue to operate due to a huge amount of arrears, so it decided to dissolve. Although Wanda has not received a stake in the team due to the complicated relationship between Dalian and shareholders in terms of share capital, Wanda spent 200 million yuan in July 2022 to pay off some of the team's debts.
In addition, Country Garden has also listed five assets** on the Guangzhou Real Estate Exchange Center, including various properties such as office buildings, office buildings, hotels and apartments, with a total selling price of 381.8 billion.
Country Garden, on the other hand, is constantly selling off its properties abroad. The company bought a property next to its Australian territory for $250 million** in October.
However, at present, whether it is Sunac, Wanda, or Country Garden, they have not eased up. However, we cannot deny that with the in-depth adjustment of China's real estate industry, a new period of real estate development with stability, rationality and innovation as the key words has come.