Yanlord Land    Last:0.65    -0.025

Yanlord paid RMB 10.5 BIL for land in Shanghai

CHINESE like to buy and buy They thought Property Prices is a straight line sure go up abd up anx UP ..... Fact is : China Property Prices are at PEAK and banks debts on debts A salary of RMB 5000 can buy RMB 3 mil houses ? Unless they have sidelime or borrow from banks too easily... Or use paremts house as mortgsge If out of control , dangerois for China financial system New Tax Levy System will cool the prices a bit

 

Too much debts. Interest rates up soon. Sian.

 

Property Prices in China had shot up 50% from 2015 to 2018. Any decline of - 10 to 15 % may have big impact ob Yanlord as they just bid high price for land parcel in Shamghai for about rmb 10 bil, excluding reaettlement exp.

 

Yanlord going into MORE DEBTS again. Senior Notes. The Chinese likes to buy and buy . Thinking China Property prices always up and up. Fact is : prices too high already China will impose new Property Tax System. HNA also likes to buy and buy. Anbang also. Then now facing HUGE DEBTS sell assets.

 

Guess Yanlord must sell at RMB 80 000 per sqm to break even.

 

Cost per GFA may exceed RMB 60 000 per sqm .

huathuat88888      ( Date: 27-Mar-2018 15:25) Posted: Land size : 70 000 sqm Plot Ratio 2.64 Gross Flr Area : 183 000 sqm (about RMB 60 000 per sqm) Misc : resettlement costs ...etc

 

Land size : 70 000 sqm
Plot Ratio 2.64
Gross Flr Area : 183 000 sqm (about RMB 60 000 per sqm)

Misc : resettlement costs ...etc