[News page-Taihai Net] reporter Dong Tian.
Recently, a number of real estate companies such as Sunac, Country Garden, and Longfor revealed that their projects were selected into the first batch of "white list" for real estate project financing. According to industry insiders, projects with normal development and construction, sufficient collateral, reasonable assets and liabilities, and guaranteed repayment, as well as projects that encounter temporary difficulties in development and construction but can basically balance funds can be included in the "white list". With financial support, these projects are expected to be revitalized quickly.
Revitalize assets and enhance operating capabilities.
On February 5, a reporter from China** Daily learned from Sunac that Sunac has more than 90 projects shortlisted for real estate project financing. These projects are located in 20 cities, including Beijing, Tianjin, Chengdu, Chongqing, Zhengzhou, Shenyang and Qingdao.
According to Sunac, in 2023, Sunac will deliver 279 projects in 101 cities across the country, with a total delivery of 310,000 sets and a delivery area of 35.87 million square meters, ranking third in the delivery list of Yihan Think Tank in 2023 in terms of the number of units delivered and the delivery area. With the implementation of new financing, the financial pressure on project development and operation will be further eased, and the work of "guaranteed delivery" will be strongly guaranteed.
The reporter learned from people close to Country Garden that Country Garden acted quickly and actively declared projects that met the requirements. At present, Country Garden has more than 30 projects on the "white list". Country Garden said that after the relevant projects received financing support, it would help alleviate financial pressure, revitalize assets, and improve the sustainable operation ability of the project.
A few days ago, the Chongqing Municipal Commission of Housing and Urban-Rural Development and the Chongqing Supervision Bureau of the State Administration of Financial Supervision and Administration jointly pushed the first batch of "white lists" of real estate projects in Chongqing to financial institutions, and the Longfor Qingyunque project was listed. Next, Longfor Group will actively cooperate with relevant departments to promote the implementation of policies and continue to operate steadily.
Support reasonable financing needs.
On January 26, the Ministry of Housing and Urban-Rural Development held a meeting on the deployment of the coordination mechanism for urban real estate financing, clearly proposing to thoroughly implement the spirit of the first financial work conference, promote a virtuous cycle of finance and real estate, improve the main supervision system and capital supervision of real estate enterprises, improve the macro-prudential management of real estate finance, and meet the reasonable financing needs of real estate enterprises of different ownership systems without discrimination. The meeting emphasized that the orderly development and construction of the project is the basis for the stable and healthy operation of the real estate market. In view of the current financing problems of some real estate projects, all localities should take the project as the object, pay close attention to the study and propose a list of real estate projects that can be given financing support, coordinate the issuance of loans by financial institutions within their respective administrative regions, and accurately and effectively support reasonable financing needs.
Subsequently, Chongqing, Wuhan, Nanning and other places released the first batch of "white lists" for real estate project financing.
On February 2, the official WeChat of Wuhan Municipal Housing Security and Housing Administration showed that Wuhan City recently determined the first batch of real estate project financing "white list", involving 101 real estate projects, 94 development enterprises, 18 financing institutions, and 541 financing needs7.3 billion yuan. The first batch of real estate project financing "white list" has been pushed to various financial institutions, and the second batch is being sorted out.
For the screening conditions of "white list" projects, industry insiders said that five requirements must be fully met: real estate development is under construction, including short-term shutdown but can resume work immediately after the funds are in place, and can be completed and delivered; The real estate development project has collateral or mortgage guarantee that basically matches the financing amount; The real estate development project has identified the host bank that intends to apply for the loan, and accepts the closed management of the loan funds; The pre-sale funds of the real estate development project have not been withdrawn, or the funds have been recovered in a timely manner; The real estate development project has preliminarily formulated a plan for the use of loan funds and a completion plan.
Zhang Dawei, chief analyst of Centaline Real Estate, said that the Ministry of Housing and Urban-Rural Development held a deployment meeting for the coordination mechanism of urban real estate financing, with a total of 35 key cities participating. Many of the real estate projects shortlisted for the "white list" have good conditions themselves, and they are expected to revitalize quickly after receiving financial support.