May sales exceed Evergrande Vanke Sunac continues to show scale ambitions

Original title: May sales surpass Evergrande Vanke, Sunac continues to show scale ambitions

Summary

[May sales exceed Evergrande Vanke Sunac continues to reveal scale ambitions]Looking at the entire industry, Sunac’s May trader and full-caliber sales volume ranks second. According to data from real estate information agency Crane, Country Garden ranked first in the full-caliber list with a sales amount of 80.5 billion yuan in May 2021, followed by Sunac, China Evergrande, Poly Real Estate, and Vanke. (China Business News)

While auctioning land, selling houses at the same time,Sunac China(01918.HK, hereinafter referred to as “Sunac”) is accelerating the scale of the impact.

On the evening of June 6, Sunac releasedannouncementSaid that in May 2021 the group will achievecontractThe sales amount was about 70.81 billion yuan, a year-on-year increase of 57%, the contracted sales area was about 5.119 million square meters, and the contracted sales average price was about 13,830 yuan per square meter.

Looking at the entire industry, Sunac ranked second in terms of trading and full-caliber sales in May.real estateAccording to data from the information agency Crane, May 2021Country Garden(02007.HK) ranked first in the full-caliber list with a sales amount of 80.5 billion yuan, followed by Sunac,China Evergrande(03333.HK) 、Poly Real Estate(600048.SH)、Vanke A(000002.SZ)。

It can be seen from the list that Sunac’s full-caliber sales in May were about 4.9 billion yuan higher than Heng, which was about 12.4 billion yuan higher than both Poly and Vanke. The four veteran real estate companies have returned to the TOP10, among whichChina Merchants Shekou(001979.SZ) The monthly sales are approximately 31.08 billion yuan,Gemdale Group(600383.SH) sales of approximately 28.18 billion yuan.

In addition to the first four months, Sunac has achieved a total contracted sales of approximately 241.82 billion yuan this year, an increase of 72% year-on-year. The cumulative contracted sales area is approximately 16.64 million square meters, and the average contracted sales price is approximately 14,530 yuan per square meter. The sales amount of “Bi Wanheng” in the first five months was higher than Sunac’s 112.3 billion, 45.4 billion and 45 billion yuan respectively.

Since the beginning of this year, Sunac has made great efforts to cover up positions to impact the scale.Morgan StanleyPublishresearch reportIt was pointed out that Sunac acquired 83 projects in the first four months, and the purchase of land involved 101 billion yuan, which was equivalent to 58% of contract sales in the first four months.Average of newly acquired projectsNet profitThe rate is over 7%, and the net profit rate of the Hangzhou project is between 4% and 5%.

Last month, Sunac signed an acquisition agreement with Changtai Group. The acquisition targets included approximately 11.62 million square meters of saleable construction area in Nanning, Guilin, Guangxi, and approximately 8.25 million square meters of unsold construction area. “The company’s expected saleable value in 2021 will exceed 900 billion yuan.M&AAs a result, the annual saleable value will exceed one trillion. “Guosheng Securities said.

As of the end of May this year, Sunac has completed 37.78% of its annual sales target of 640 billion yuan. Guosheng Securities believes that Sunac’s sales from January to May have maintained high growth, superimposed on the impact of the peak sales in the second half of the year, and its annual sales are expected to exceed 700 billion, exceeding the sales target of 640 billion at the beginning of the year.

Held on May 27shareholderAt the conference, Sunac’s management said that under the centralized land supply, although many cities have limited profit margins, fortunately, most of these land plots can be achieved within 6 to 7 months from land acquisition to opening sales, and the cash collection is relatively fast. For example, in Hangzhou, because the second-hand upside down market is relatively hot, data such as turnover rate and return on capital (IRR) can make up for the space for compressed profits.

Crane also said that in the future, markets in various regions and cities will continue to differentiate, and geothermal conditions such as Hangzhou and Chongqing will hardly decrease, and transactions may continue to run at a high level. After the policy suppression, Hefei, Xuzhou and other places will gradually cool down, Zhengzhou, It is hard to say that Nanning and other places have improved substantially, and it is difficult for transactions to get out of the downward channel.

It is worth noting that under the influence of centralized land supply, not only the differences between hot and cold in cities are obvious, but the gap between real estate companies has also been widening, and the scale advantages of leading real estate companies such as “Biwan Hengrong” have been continuously highlighted.

According to data from Kerui, the sales threshold of the top 100 real estate companies continued to increase from January to May. The top 10 real estate companies had a trading amount threshold of 108.05 billion yuan, a year-on-year increase of 58.7%; the year-on-year increase of TOP30 real estate companies was higher than that of TOP20 real estate companies , 56.1%, second only to the TOP10 real estate companies, the top 30 have begun to distance themselves from the next real estate companies.

From a single month in May, althoughPerformanceCompanies with year-on-year growth accounted for more than 70%, but nearly 40% of the top 100 real estate companies still saw a month-on-month decline in their monthly performance. “Looking forward to June, real estate companies will make every effort to sprint mid-year performance, and it is expected that the supply will rebound significantly. By then, the transaction is expected to achieve a larger proportion of growth.” Crewe believes.

(Source: China Business News)

(Editor in charge: DF537)