Green China Takes The Biggest Land Change Rule In Shenzhen.

Over the past ten years, the largest land in Shenzhen has been changed to China.

In October 28th, the green view announcement received a stake in a Target Corp through subscription shares. The Target Corp indirectly owns the investment and development right of "Shenzhen Shahe five village renewal project (Bai Shizhou urban renewal project)".

The planning area of the old project of white rock is about 3 million 500 thousand square meters, which is a rare super large project in Shenzhen. In Shenzhen, where land is scarce, its value is enormous.

The promotion of this project means that the pace of land storage and urban renewal in Shenzhen is accelerating. At the same time, in the incremental market, Shenzhen also launched a number of land this year, and 7 projects will enter the market in November.

Unlike the previous ones, in the new land market, except for one talent, the other 6 will adopt the "double restriction and double competition" approach, which shows the government's attitude towards strictly controlling land prices and housing prices.

The large scale advance of the old reform and the change of the land transfer rules will make it difficult for Shenzhen's first tier city with high housing prices to become "land king". The logic of the real estate market and the logic of investment and operation of developers will have to adapt to the changes.

Bai Shizhou, the largest urban village in Shenzhen. -IC photo-

The biggest change will enter the market.

Shenzhen is a "old city of change". The narrow urban area, the increment of scarcity, the rapid expansion of population and industry, together with the rough and old buildings in the past 40 years, have led the city to start the old reform to provide more housing and commercial real estate.

Old modification capability has become the survival and competition weight of developers in Shenzhen. Local developers such as Jia Zhao Ye, Jing Ji group, Hong Rong yuan, and green China are invisible landlords. Neither central enterprises nor foreign developers are showing signs of weakness. Merchants such as Shekou, Huarun land, overseas Chinese town, Hengda and so on have also taken many old changes in Shenzhen.

Among the many changes being pushed forward, Bai Shi Zhou's old reform is undoubtedly one of the most dazzling ones, which is known as the "city renewal aircraft carrier" by the Shenzhen industry.

The project is located in the core city zone of Shenzhen, adjacent to Shennan Road, and adjacent to the Science Park and overseas Chinese town area. The excellent geographical conditions and huge scale make the developers greedy and expect the comprehensive social benefits.

More than ten years ago, there was news of transformation in whitk island. However, it was not until August 2012 that the leading group of urban renewal in the five villages of Shahe was established, and the old reform of Bai Shi Zhou was formally established. In 2014, it was officially included in the Shenzhen urban renewal list. In 2016, the Green King Group, China's parent company, won the right to exploit the project.

It is understood that the green view of China has been changed from Bai Shi Zhou to a 99.99% stake in yam Ming Investment Limited, a parent company and a controlling shareholder. Huang Ming investment has indirectly held a 25% stake in a Hongkong holding company.

That is to say, the stake in the white rock project in China is 25%, and the relevant person in green view said that there is no upper limit for the injection of white stone project to the listed company, or will be injected in the future, but there is no definite timetable.

Green landscape has been involved in urban renewal since 1998. After more than twenty years, most of the 20 projects currently developed by green landscape are urban renewal projects, which are relatively rare among mainstream developers.

According to Southwest Securities, the green view group has 12 million square meters of earth storage in the core city of the big bay area. Green China 2019 semi annual report shows that the land reserve of listed companies is about 4 million 380 thousand square meters, and the assets of the parent company will continue to be injected into the future.

It is noteworthy that China, which focuses on the old green landscape, is more than twice as profitable as the industry. Chen Jianmin, chief financial officer of green landscape, once pointed out: "the gross margin level of the same industry is around 20%, and we have basically been over 50% in the past few years."

The aforementioned persons said that after the special planning approval was made at the end of 2018, the urban renewal project of Bai Shi Zhou has entered the stage of private property compensation and contract signing. At present, the progress is good; however, due to the complexity of the project and the unknown market timing, there are still many uncertainties.

Shenzhen homestead supply blowout

With the acceleration of the old reform, Shenzhen has also stepped up its efforts in land leasing, especially homestead supply this year.

In June this year, Shenzhen had ushered in a "epic class" earth pat. 5 residential sites were sold at the same time, attracting dozens of Housing enterprises to participate in the final collection of gold 22 billion 400 million yuan.

5 months later, Shenzhen again issued the "gift package". In November 22nd, Shenzhen will launch "disposable" 6 residential areas in Pingshan (3 blocks), Longhua, Guangming and Dapeng new district.

Compared with the last time, the initial price of the land listing is lower. The total construction area of the six parcel is about 772 thousand square meters, and the total starting price is about 13 billion 167 million yuan.

However, this rule has also undergone a greater change. The implementation of "double restriction and double competition", besides limiting the price of land and the area of competing talents, also limits the highest price to be sold in the future, which is lower than the price of new houses surrounding the plots, and strictly implements the "9070 policy" for Huxing.

Among them, the Longhua land price limit of 71 thousand and 400 / square meters, lower than the surrounding sold second-hand housing Zhonghai Jincheng, and the nearby Jinmao government will be expected to price 100 thousand +; the Guangxin central area of the land price limit to 47 thousand and 250 / square meters, lower than the current bright selling items.

Some developers in Shenzhen believe that the government's intention to curb land prices and curb housing prices is obvious. Because before that round of soil patten, there appeared several kings, which brought great pressure. Relevant departments also interviewed the relevant developers in Guangming district.

"The future control will be normalized." Insiders pointed out.

While controlling land prices and housing prices in the future, Shenzhen has begun to stabilize housing prices from talent rooms and public housing.

All the land sold is required to build a certain proportion of talent housing, and developers are required to increase the proportion of competition allocation. In November 21st, the Guangming science city block sold in November 21st is a pure talent housing area, with an area of 36435 square meters, and the future price is fixed: the base price is 25800 yuan / square meter, the highest price is 27100 yuan / square meter.

"Double restriction, double competition, and the construction of talent housing" also reflects the determination of Shenzhen Guang Luo talents. Shenzhen senior industry analyst Xu Feng analysis, and one-time launch of 7 pieces of land, also hinted at the attitude of the Shenzhen government to developers, not because of the relative shortage of land, the gateway to the development of real estate.

From a series of operations, the spirit of "two housing reform" launched by Shenzhen in 2018 is guiding Shenzhen's future land, housing and property market trend.

According to the plan, in 2035, Shenzhen will build 1 million 700 thousand new types of housing, including the total number of talent housing, residential housing and public rental housing, not less than 1 million units.

By the end of this month to January next year, Shenzhen will sell 34 public housing sites, with a total land area of more than 1 square kilometers. It is estimated that more than 60 thousand public housing units can be built to ensure that 80 thousand housing targets for public housing construction will be completed this year.

Starting next year, Shenzhen will have a large number of talent housing and housing oriented commercial housing for qualified talents and citizens.

It is worth noting that the prices of these public housing are five or six of the market price in the surrounding area. The 40 thousand - 50 thousand yuan / m2 interval in the original special zone is generally in the range of 20 thousand - 30 thousand yuan / square metre outside the original special zone.

"Shenzhen will strictly control the price of public housing for sale." Yang Hong, member of the Standing Committee of the Shenzhen Municipal Committee and the Party member of the municipal government, said that in the coming period, the overall price of public housing in Shenzhen will be stabilized at this level.