- The size of unfurnished, pre-sold homes in China is about 20 times the size of developer Country Garden by the end of 2022, analysts Nomura said.
- “We estimate that there are about 20 million units of pre-sold houses not built and delayed,” the analysts said.
- Country Garden was the largest non-state developer in China by sales.
HANGZHOU, CHINA – NOVEMBER 15, 2023 – An aerial photo shows a new property under construction in Hangzhou city, Zhejiang province, China, on November 15, 2023. On the same day, data released by the Bureau National Statistics have shown that from January to January. October 2023, the national real estate development investment was 9,592.2 billion yuan, down 9.3% year on year; Of this total, investment in residential housing was 7,279.9 billion yuan, down 8.8 percent. (Photo credit should read CFOTO/Future Publishing via Getty Images)
Future Publishing | Future Publishing | Getty Images
BEIJING – The size of unfurnished, pre-sold homes in China is about 20 times the size of real estate developer Country Garden by the end of 2022, according to a Nomura report on Wednesday.
Country Garden was the largest non-state developer in China by sales. He ran into funding problems this year, and in default on a US dollar bond last month, according to Bloomberg News.
“We estimate that there are about 20 million units of pre-sold houses not built and delayed,” said Nomura’s Chief China Economist Ting Lu and a team.
About 3.2 trillion yuan ($440 billion) is needed to complete the remaining units, according to analyst estimates.
Apartments in China are usually sold before completion. Ensuring the construction of houses has been a priority for the government as delays make people less willing to buy new apartments.
At some point next year, the issue of home delivery could become a social problem and endanger social stability, and Beijing may eventually need to significantly strengthen policy support.
Appointment
“In our view, in the collapse of the real estate sector and the widespread credit crunch among real estate developers, home buyers may become increasingly impatient as they await delivery of their newly purchased homes,” he said. said the Nomura report.
“At some point next year, the issue of home delivery could become a social problem and endanger social stability, and Beijing may eventually need to significantly strengthen policy support,” they said. analyst “We see this as the key to really restoring confidence in the property sector and the economy.”
Last year, many home buyers in China decided not to pay their mortgages on property purchases due to long delays in construction. Developers have faced a financial crisis since Beijing’s recovery in 2020 due to its high reliance on debt. The Covid-19 restrictions last year also made construction difficult.
“Assuming a 20% increase in volume in new home completions for the current year, developers will only manage to deliver 48% of pre-sold homes between 2015 and 2020, leaving 52% always subject to delays,” Nomura analysts said.
Los motivos más comunes de infidelidad entre parejas son la infidelidad y la falta de confianza. En una época sin teléfonos celulares ni Internet, los problemas de desconfianza y deslealtad eran menos problemáticos que en la actualidad.
¿Cómo recuperar mensajes de texto móviles eliminados? No hay una papelera de reciclaje para mensajes de texto, entonces, ¿cómo restaurar los mensajes de texto después de eliminarlos?