YOUNGOR 380 Million Won 593 Acres Of Residential Land In Changhe Town Of Cixi, And The Surrounding Second-Hand Housing Prices Also Exceeded 10000.

The YOUNGOR group Limited by Share Ltd (hereinafter referred to as YOUNGOR) announced in the evening of February 21st that the company's wholly owned subsidiary, Suzhou Rui Ming Enterprise Management Co., Ltd., on the same day, sold the right to use state-owned construction land in the I201801#, I201802# and I201803# plots of the Cichang river at the price of 388 million yuan in the selling activities of the Zhejiang online trading system for the construction land use right.

The I201801# site of the chechanghe river is located in Changhe Town, Cixi. The land use is urban residential land (ordinary commercial housing), covering an area of 139 thousand and 800 square meters (209.84 acres), 1 < volume ratio of less than 1.2, total price of 136 million yuan, and the transfer period of 70 years.

The I201802# site of the chechanghe river is located in Changhe Town, Cixi. The land use is urban residential land (ordinary commercial housing), covering an area of 127 thousand and 300 square meters (190.99 acres), 1 < volume ratio of less than 1.8, total price of 124 million yuan, and the transfer period of 70 years.

The I201803# site of the chechanghe river is located in Changhe Town, Cixi. The land use is urban residential land (ordinary commercial housing), covering an area of 128 thousand and 500 square meters (192.768 acres), 1 < volume ratio of less than 1.2, total price of 127 million yuan, and the transfer period of 70 years.

The reporter was informed that Cixi was named for the south of the East China Sea and the South Bank of the Gulf of Hangzhou. It is an important industrial and commercial city on the southern wing of the greater Shanghai economic circle in the Yangtze River Delta region. It is also one of the open coastal economic zones approved by the State Council. Data from the housing world show that the average price of second-hand housing has reached 10 thousand yuan per square meter.

People's livelihood securities analyst Yang Liu believes that, because the absolute value of housing prices in the second tier and eastern coastal cities is relatively high, the proportion of people who can afford housing prices is very small, and with the restriction of household registration and social security policies, the effective demand is rather limited. While the three or four and the central and western cities are relatively low in absolute housing prices and are not subject to regulatory policies, the proportion of the population that can constitute demand is larger. In Yangliu's view, the dividend of the future urbanization rate will be concentrated in the three or four line and the central and western regions. From the observation, the urbanization rate of the second tier cities in the eastern coastal area of China has been generally high. Instead, the net outflow of population (Beijing, Shanghai, Tianjin and Eastern three provinces) has begun to appear, and the urbanization rate of many provinces in the central and western regions has not yet reached the national average level. At the same time, the majority of the transferable rural population is distributed in the three or four line cities under the jurisdiction of the region. Taking into account that the second tier cities (especially the municipalities in the eastern region, the provincial capital, the sub provincial cities and the cities separately designated by the plan) are generally active in controlling population size and population quality, the urbanization rate in the future is mainly increased by the dividends of the Midwest and the three or four tier cities.

Reporters learned that YOUNGOR's real estate development business began in 1992, the company's brand positioning is the Yangtze River Delta "quality real estate forerunner", involved in the development area has Shanghai, Hangzhou, Ningbo, Su four cities, focusing on Ningbo and Suzhou to take deep tillage, brand operation mode of development, products mainly in high-end residential, high-end improvement and ordinary rigid demand housing, the company in Ningbo, Suzhou and other regional markets have developed a number of real estate development, has a good regional market brand influence.

Yang said that since 2017, because of the central government's implementation of the "deleveraging" policy, the financing cost of Housing enterprises has been rising and capital pressure has increased. In the three or four tier cities, because of the lower proportion of the total cost, the early investment of Housing enterprises is relatively small, and it is easier to achieve the balance of cash flow, but it is more conducive to the steady development of enterprises. What the industry needs to see is that the "city strategy" will still be the main keynote of the future real estate regulation, and the three or four line cities will face smaller policy risks.

In the context of social integration and M2 growth rate gradually decreasing and the yield of the 10 year treasury bonds peaked in the first place since the beginning of the year, mortgage interest rates will improve after the two quarter.

Public information shows that YOUNGOR is a diversified, progressive and growing international group based on three major sectors, namely, brand clothing, real estate development and financial investment. The real estate business of the company is mainly concentrated in the Yangtze River Delta region, with ordinary residential development as the main product, tourism real estate, leisure and other products as a supplement, and actively exploring new real estate business models such as pension real estate. The company has the first class qualification of the Ministry of construction, and its total development area exceeds 7 million square meters.

According to YOUNGOR's previous annual earnings announcement in 2018, it is estimated that the net profit attributable to shareholders of Listed Companies in the year 2018 will be about 3 billion 664 million yuan, an increase of about 3 billion 367 million yuan over the same period last year, an increase of about 1134.72% over the same period last year.

In addition, net profit from non recurring gains and losses attributable to shareholders of Listed Companies in 2018 is expected to increase by about 3 billion 881 million yuan compared with the same period last year.

The company expects to have a revenue of about 9 billion 296 million yuan in 2018, a decrease of about 5.52% compared with the same period last year. Among them:

The textile and apparel sector completed a business income of about 5 billion 611 million yuan, an increase of about 12.56% over the same period last year, and a net profit of 842 million yuan attributable to shareholders of listed companies, an increase of about 10.88% over the same period last year.

The real estate sector completed its operating income of about 3 billion 685 million yuan, down by about 24.10% compared with the same period last year. Net profit attributable to shareholders of listed companies was about 985 million yuan, down by about 19.69% compared with the same period last year. The realization of pre-sale income was about 8 billion 632 million yuan (the size of the order, the conversion of cooperation projects according to the proportion of interests), an increase of about 5.66% over the same period last year.

The investment income of investment business was about 3 billion 285 million yuan, an increase of about 7.81% over the same period last year. Net profit attributable to shareholders of listed companies was about 1 billion 837 million yuan, an increase of about 3 billion 526 million yuan over the same period last year.