Consumers "profits", developers complaining that the real estate industry now exactly lucrative geometry? see rates rising, as buyers of people inevitably with some emotions. Real estate developers ' retorted the same objectivity. Recently, Pan shiyi's wife, SOHO China CEO Zhang Xin said that since buying land costs and lead to increased investment, real estate developers ROI dramatically reduced.
Zhang Xin, you can go to the enquiries such as pioneer and other real estate companies China vanke,. We looked up and found vanke nearly three years of gross margins, sales, profitability, return on net assets, and other indicators of overall increase. In 2004, for example, China vanke's clearing revenue growth rate higher than the settlement cost 6 percentage points. This shows rising faster than land and construction costs, in the context of hot property, real estate developers can do pass on costs. Vanke always to market-oriented way to access to land, the annual development of large scale, geographical distribution, it should be said that strong representativeness. Other larger firms also A unit of the real estate companies makes little difference. They nearly three years of the average gross margin stable at 33%-34%, but in price reached its peak in the first quarter of 2005 rose to nearly 40%. 2002-2004, the average of the principal real estate unit sales net interest rate but also basic stable at 10 percent, reflecting the business ROI metrics — the average net assets profitability is increased slightly year on year, from 11% to 12% of this group will be above numbers change popular story that is, the price of only two-thirds of the cost (the cost of land, buildings, etc.); each sell 100 houses, real estate developers will recoup the $ 10; real estate companies take out funds to invest $ 100 per year, earning $ 12. Pan shiyi previous partner said, "the so-called pan shiyi classics of SOHO modern city, the profit only 3 million ($), I think that this is not working properly. "The project has 48 million square meters, with sales of around 40 billion. If the principal real estate share 10% of the sales net rates, will have a net profit of 4 billion. Recommend: · Shanghai Department challenge competition son Li Ka-Shing investments billion · perspective "Sanya China's top 10 rich sister" (photo) · classic franchise consultation on how site search · wining?? · Microsoft interview questions: difficult to weird one word · how to "perfect" dismissal before 2003, applications for real estate development loans only 20% of the proportion of capital. In accordance with published in September 2004, the proportion of capital increased to not less than 35%-according to some information shows that there are many real estate companies truly invested in project capital still only account for a total investment of around 20%, remaining funds depends on the banks of the development loans, builders engineering advances, pre-sale of earnings. Several major real estate companies of the asset-liability ratio is around 60%. If you increase the debt rate to 80%, expanding the role of financial leverage, real estate development ROI opportunity more than 12% to 18%-if not through market-based means of access to land, land costs low, and later just to catch up with house prices soar, hot property sales, return on investment of more than 20% would not be difficult. As I understand it, only 20 per cent of the rate of return on investment will be profitable. It is precisely because of the real return on investment is considerable, in recent years China's real estate investment growth rate in more than 25%, the growth of individual periods also reach 40% in government regulation and market background, if future accelerate land market transactions, the strict implementation of loan policies, strengthening the quality requirements of the building, when house prices steady operation, real estate development, the average rate of return on investment is expected to fall to below 10%. By then, the road capital may no longer be in favor of real estate investment.
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