Sun Hongbin foresaw the beginning of the situation, but did not expect the end to be like this
Sun Hongbin once said the voice of every real estate developer: if the real estate ** drops by three percent, everyone will be finished. Sun Hongbin's words expressed the voices of many real estate developers. At a financial report meeting held by Sunac, Sun Hongbin talked about the outlook for the future property market, he said: "China's property market is already a huge cake, and Sunac will focus on promoting the development of medium and high-end housing in the future." As for houses, I don't think there will be a significant decline in homes over the next few years. And once the real estate ** drops to more than 30%, there will be serious problems in this industry. ”
Obviously, Sun Hongbin's prediction is correct: if the real estate ** drops by another three percent, everyone will be doomed. However, Feng Yu's guess is not wrong, he believes that the future housing prices will not be **, nor will they be**. Sun Hongbin has always firmly believed: housing prices will not **? Because the decline is too large, many real estate developers will be shaken, and it will also have a great impact on the economy. This illustrates the reality that the property market is "hijacking" the entire economy. Perhaps it is precisely because of this that every time a real estate company encounters difficulties, the local "bailout" will be very anxious.
When the ** tends to stabilize, speculators will lose their room for existence, and the property market will become "people who buy houses". After a period of development, real estate will gradually return to a rational track, and the rise and fall of real estate will depend entirely on supply and demand. Real estate developers are desperately chasing profits, and now they are just one step away from the decline of real estate. In the future, once the property market cannot affect the development of the economy, real estate developers will not have enough funds to pose a threat to the property market. Housing** in many areas is down around 30% from its peak, with some areas falling even more. And those companies that want to expand themselves are falling one after another.
Sun Hongbin strives to lead Sunac through the difficulties as soon as possible in 2022, and has also achieved a lot of dazzling results, not only completing 310,000 households, with a sales area of 35.87 million square meters, ranking third in the industry, almost on par with Vanke; At the same time, it also carried out a debt restructuring of 90 billion yuan, which is the first large-scale real estate enterprise in China to complete the process of internal and external debt integration, and its reorganization plan has been evaluated as a model in the industry by Standard & Poor's; Sales reached 84.7 billion. The best way to get out of the current predicament is to lighten the historical burden and gradually resume operations, that is, debt, delivery, sales. Everything is so difficult, but Sunac can do it in a high-quality way, which is already remarkable. ”
But when they saw Sunac's sales, their hearts sank to the bottom. The figure indicates that the company and its subsidiaries, joint ventures and associates completed about 37The contracted sales of 600 million yuan, the contract of 325,000 square meters**, the average selling price is about 11,570 yuan. Sunac already has more than 90 real estate projects in the first batch of "white list", including Beijing, Tianjin, Chengdu, Chongqing, Zhengzhou, Shenyang, Qingdao, Wuhan, Kunming, Xi'an, Taiyuan, Xishuangbanna, a total of 20 cities. However, the amount they can apply for is extremely limited. I heard that the current production is only tens of millions.
As of the first half of this year, Sunac's total debt was 10,0273.9 billion and net assets of 67.2 billion3.2 billion, with an asset-liability ratio of 937%。In the past six months, Sun Hongbin has been running around for this matter, Sunac does not have many real estate, and the sales volume is only 30 billion, and the debt will not be reduced too much. Sun Hongbin's guess was correct, but it was wrong! What do you think about this? You can communicate in the comment area.