Archive for February, 2008

New World acquired S * ST-US stop

February 25, ST-US S * Notice, as companies scattered shareholding structure, the new shareholders have yet to submit proposed changes shares, the company share reform the difficulty of the work still exists. Therefore, the company is still not boot share reform work. Some of the major shareholders of companies with rich real estate (Shanghai) Ltd. and associated property to the New World China Co., Ltd., Shanghai Xin Industrial Co., Ltd. to the reorganization of the company reached a preliminary agreement, the reorganization of the initial audit, evaluation work in the pipeline. At the same time some of the shareholders are also actively promoting the company's debt restructuring, and the departments concerned and relevant creditors and negotiate debt solutions.
It is easy to see from the notice, the New China Star has been the reorganization of the United States has entered a substantive stage. In December last year, China has dispatched to the New World-the United States in important positions. Clearly, the United States and New World China backdoor-listed A-shares was just around the corner.
Star of the United States, offer access to the New World also recognized in China as early as the end of January, the company announced it: a subsidiary of New World China rich real estate developers (Shanghai) Co., Ltd. has been the development of the company's major shareholders formed Initial restructuring programme, the ongoing restructuring of the pre-audit, evaluation, while the company shareholders Zhuo Beijing Investment Holdings Limited "to the introduction of strength to the company's investors," has signed "debt exemption agreements" exempt company owed Zhuo Beijing investment of nearly 70 million yuan in debt.
China real estate sources close to the New World to informed sources, the recent US-S * ST will be the major shareholder completed debt restructuring and the signing of the Share Transfer Agreement, "if nothing unexpected happens all the agreements will be reached soon, but also the completion of the transaction approved by the competent authority, Uncertainty exists. "
It is understood that the New World China-US acquisition of the main obstacles but also from debt. In this regard, the United States-is debt-ridden, its debt could reach 16 billion yuan.
In the current S * ST Star in the United States constitute a debt, the original shareholders Zhuo invest in Beijing has about 4.8 billion debt, and minority shareholders also have small claims. The source said, in part through debt-equity swap shareholders claims to be the solution, but not a final decision.
S * ST-US majority of creditors for banks, New World China has repeatedly tried to negotiate with those creditors, and try to debt restructuring in the form of minimizing debt burden, there are reports that New World China contact with the creditor banks divided on the issue.
Reportedly, the New World hopes to 500 million-600 million yuan for the United States debt relief, but because the work is still in progress, New World China backdoor final price is unknown.
As one has been listed in Hong Kong enterprises, New World China Why spend so much backdoor price is not a big asset size of mainland listed companies?
The industry told reporters that to "130, text," many Hong Kong-listed companies in the financial capital from abroad it is difficult to enter the mainland, while mainland China in the new world of asset size and the plate too much, their land reserves after Biguiyuan, more than 20 million square meters, the need for capital is a very urgent matter. Therefore, China must hope that the New World opened up the financing channels, and to accelerate its pace of the development of the Mainland.
December 2007, S * ST-US election board issued replacement of the company's senior management staff notice in the new directors, Ho Sheng has held senior financial and New World China manager of the project, and at the same time as US-S * ST Finance Director; Bolifu is responsible for the New World Shanghai, China, Shanghai, China, the regional director of the New World. (Wang Fang Jie)

Foreign banks play the "edge ball" wrestling the mortgage market

Lin Zhou (a pseudonym), where the bodies have now reluctant to cooperate with foreign banks, foreign banks last year and this was just for access to the case completely the opposite.
Foreign banks to enter the mortgage market, buyers failed to usher in more choices. This is because the current is a channel for the Wang era, the competitiveness of products only in specific markets start. For banks, developers and brokers used the company, it is precisely the most important channels for mortgages.
"Foreign banks do not accept any fee, which amounts to indirect pry alone." A secondary part of the brokerage firm Zhou Lin said, adding that it is precisely brokerage fees necessary means of survival.
Playing the "edge ball"
Can not say "two sets of mortgage" policy to the foreign banks to survive the huge space. In the past, there have been news that foreign banks will be strictly enforced sector "Second Suite" policy. Many media judgement and regulatory departments should be "treated equally" and foreign banks played the "edge ball" unlikely.
Facts always expected. As before foreign banks did not immediately join the central bank's credit system, not about the loans before people have been buying houses. Foreign banks use this "window period" to the business of filling many. Until recently, such as Standard Chartered Bank's credit data system began with the central bank's credit system link. Thus, the central bank, foreign banks will be carried out for two-way, and Chinese banks can also credit system for the central bank, foreign banks in the loan.
"First Financial Daily" ordinary consumers to the identity of the Advisory Standard Chartered Bank, the staff will strictly enforce the policy of the central bank, the second highest housing to 60% loan-to-be. "In fact, the central bank's supervision of foreign banks is far from strictly domestic banks," said Zhou Lin. In other words, during the actual operation of the process there is room.
Apart from the low interest rate strategy, the foreign banks also launched inherent recommended mortgage business customers, as far as possible in identifying the ideal potential customers. It is understood that the early promotion of the Standard Chartered Bank a "mortgage relatives recommended activities", as long as Citibank customers recommend friends successfully applied for Citigroup mortgage business, will be able to gain a certain amount of the prizes.
Recently, Standard Chartered Bank, one called "loan-to-send is" entered the elevator advertising Beisihuan some residential quarters, the advertising that at least 22 years of age, the work can be fixed loan without any collateral. Zhou Lin pointed out that although the short-term view, the business practices can be enhanced, but not strictly a review of the possibility of future bad debts will increase.
Mortgages when "relenting?"
Right now, buyers are most concerned about is that bank lending "relenting"?
Since late October 2007, the major commercial banks have basically completed that the amount of lending, so, even when those mortgage loan demand, bank loans material submitted only after the loan and grant will not lending needs wait till the next annual adjustment of bank loans approved after the trip.
In this regard, the capital personal loan services, "Wei-chia Agilent," said Judging from the current situation, in 2008 the commercial banks at the beginning of the currency remained "tight" lending policies, although somewhat eased over the end of 2007, however, it is not completely "open-style"放量.
For Beijing, although in January the first quarter put the whole mortgage loans exhausted, but there is no indication that the policy will be loosened. Such lending for the current situation, various commercial banks in order to better carry out the macro-control "tight" monetary policy, established in 2008 in the central bank put credit principle, "the same size, or down" under the general direction, but also speed up the pace preparing this year to put the scale of bank loans. As a result, the beginning of the commercial banks overall lending "pace" is not speed.
In this regard, a general manager of the agency that the tight policy will be continued until at least mid.
In addition, the central bank released from the habit of macro-control policies, Day, February is the policy of "window period", in addition to the central bank's economic work meeting convened, and there are no other rules promulgated policies accordingly. Therefore, by the end of 2007 "legacy" of the second mortgage and other details of the "doubt" and "conjecture" in 2008 also need to further resolve. For this reason, the conversion of the commercial banks in the past "after the first fast slow" lending laws, but now instead of the "first-after tight," and this is also a factor early slow lending one of the main reasons. (Huhuiying)

The deployment of the new land-intensive strategy of high-pressure land territory irregularities

Land use plan for this year will continue to strictly control the indicators in the last year's level because of the "national planning framework" decision every province and the ministries of the next 10 years of their tenure of basic farmland and land for building new indicators, the current request to relax some provinces indicators anti-overheating, anti-inflation, anti-change effect, this land has become a focus of regulation and control work.
"Recently on different occasions, Land and Resources Minister Xu Shaoshi, stressed over and over again in this year these new factors on the impact of land." An official of the Ministry of Land and Resources "First Financial Daily" said.
15 land planning for "preventing overheating, anti-inflation" The primary objective of Land and Natural Resources recently clear this land of Land and Natural Resources will continue to strictly guard the "gate", land-use indicators of the annual plan will continue to strictly control at last year's level.
At the same time, the Ministry of Land and Resources this year for the "2006 ~ 2020 national land use planning framework" (hereinafter referred to as "national planning framework") submitted to the State Council for approval. Then to the end of this year, most of the provincial plan submitted to the State Council approval to ensure that the top-down, layers of the implementation of land-use indicators.
"Planning has been one of the past 10 years, local land has been Luantao, a new round of the importance of the early introduction of planning." Recently, the director of the Hainan Provincial Guochating Lin Shiluan suggestions to the Ministry of Land and Resources.
As "national planning framework" determines each province and the ministries of the next 10 years of their tenure of basic farmland and land for building new indicators, many provinces request to the Ministry of Land and Resources to relax indicators.
Guochating a province in the northeast to a person in charge of the Department of Homeland: "I hope in the new round of planning revision to support the revitalization of the northeast to solve regional sites tense situation."
In addition to increased external constraints, planning, and give better play to the price of land on the positive land use regulation, Ministry of Land and Resources recently below, in 2008 the development of urban land on the 15, and so have other appropriate adjustments, some counties (cities, districts) of industrial land and new land for building low land use fees paid to change, due to changes in prices and trigger irrational impulse for the irregularities.
In addition, the State Administration of Taxation, the Ministry of Finance and the Ministry of Land and Resources recently issued "on further strengthening the management of the land tax notice", and taxation departments at all levels are required at all levels and the Ministry of Land and Resources portal sites in the building who pay farmland tax situation and a thorough inventory. Ensuring that the actual area occupied, rather than land use certificates of registration or approval of a land-use tax and urban land tax.
Construction of long-term mechanism for enforcement up to seven following the 2007 land inspection activities, recently, Land and Natural Resources decision on the application of satellite remote sensing technology, such as Beijing construction of 86 new urban land-use change for the eighth time in the land law-enforcement inspection, and requested Province – management of land resources departments on August 31 to complete the investigation and handling of illegal land, and land violations investigation and handling of the situation and the "illegal use of land in the investigation and handling of the situation matrix" to monitor the enforcement of the Bureau, the Ministry of Land and Resources Organization acceptance September .
In this regard, Beijing officials a land an interview with our reporter, said that with 2007 land law-enforcement inspection comparison-intensive, long-term ability to maintain a cause of concern.
To address the shortcomings campaign check, the Ministry of Land and Resources recently issued "speed up the establishment of a land of the long-term mechanism to notify law enforcement", requiring the provincial departments of land and resources management focusing on establishing a sound mechanism for land law enforcement found to stop mechanism, sectoral linkage mechanism and accountability punishment, and so on, form a long-term mechanism to report on the work of construction, before the end of March 2008 reported. Land and Natural Resources will be timely enforcement of land held long-term mechanism for building forum.
Exposure accountability "to the land irregularities Kenda Fierce, keep the pressure up." Recently, Xu Shaoshi, the nine local land inspectorate explain the tasks.
To increase irregularities cost of Land and Natural Resources set a new regulation: January 1, 2008 after the occurrence of violations of the illegal use of land in major cases, be dismissed, will be exposed to the public. Enforcement of the land after 100 days action to rectify a major violation cases, have a serious impact on the region, leading to the local government accountability, issued by the relevant inspectorate rectification submissions.
The nature of irregularities and violations of the very poor areas, the total land by the state inspectors issued a deadline for correction notices, suspended in the region to use agricultural land and land acquisition approval. (Sunrongfei)

Housing prices in Guangzhou planning to amend the Housing prices drop in the supply of nearly 20%

Shanghai Securities News was launched for a number of the "Focus on the chaos of the Limit" series exclusive survey, 10 reported Guangzhou Limit Participation in the project miscellaneous Gaodangfang, villas and even building sites since the relevant circumstances, caused great concern and the market authorities attach great importance.
Yesterday, the HKMA Guangzhou City this particular held a news conference and issued "on the Guangzhou City Limit the supply, construction, and marketing of the explanation" in the interpretation of the relevant question, but it also timely amendment of the relevant data: the original 1.78 million sq ft. Limit meters total construction area of the project will remove the large-family, was revised to 1.5 million square meters, which means that prices for the market overall will be reduced 20%. Also, do not belong to limit the scope of the project will be non-premium reduction Limit the way.
Questioned one: Limit room with the built Gaojiafang Limit the topic is the primary focus of Guangzhou Limit the number of rooms in the end. According to the disclosure of information, Guangzhou 10 Limit the total construction area of the project is 1.78 million square meters. But in the Shanghai Securities News, investigation revealed that the Limit the number of items left free for developers planning housing construction sites, and even high-end residential villas Linjiang planning saw.
The Guangzhou City Huang, deputy director of the HKMA, said yesterday that wave, Guangzhou in 2004, according to the text, and so on the 28th of the national policy requirements, a comprehensive cessation of the supply of land for villas and villa approved the construction of housing, but he acknowledged The current limit is a big project-family housing. "Limit the project for the presence of the big-family house will sign a land use right transfer supplementary contract, full payment of a premium to be resolved."
Response: will remove large-family Housing First, nearly 300,000 square meters of such housing from the Housing Planning Limit removed. At present 10 Limit the 1.78 million square meters in the area of planning the construction of about 1.5 million square meters of the Limit deduct part of the building after matching area will provide about 15,000 limit set in the room around. Earlier it was reported that the HKMA said Guangzhou 10 Limit the availability of the Taoshu Limit for nearly 30,000 sets.
Second, in accordance with regional open transfer time, the same category of housing land prices and land prices were the actual project were the difference between the premium in full additional premium will be reduced to not limit their housing properties.
Second question: Limit similar units from the housing survey questioned is the second largest housing project used to limit the housing units. According to this reporter's knowledge, one of the 10 major Limit Guangzhou designated for the winds to the commune winds Guangzhou Automobile Company (Dongfeng Nissan passenger cars in Guangzhou Huadu plant company) sales staff from the housing units.
Response: internal purchase prices also need to satisfy the conditions of the purchase, the HKMA said in Guangzhou, the project is in the open when the transfer provisions of the winds Motor Company employees pre-emption. Is the main plot of industrial production for the company was supporting the building of the staff of life living space. 2006, a strict control of the housing units, the company will block the winds returned to the Government for the transfer limit the open space. But because winds Corporation is focused on the development of industrial projects in Guangzhou, Guangzhou in the policy decision to the extent permitted by applicable reference for the policy limit, and the winds employees need to meet the same conditions in order to limit the purchase requisitions.
Third question: Limit the imperfect system of the market in Guangzhou limit some of the problems that exist in the market believe that these problems reflect the system in Guangzhou Limit there are still some issues that require further improved.
Response: The new system still in the exploratory stage to limit the imperfect system, Huang Bo said that as the country is the first to explore the development of the city limit, Guangzhou in the second half of 2006, prices started to sell the public land, Limit the national policy on only the more rigid requirements, the nature of the limit, the development of the operation to even basic ideas were not formed, the country has not actually carried out cities, there is no specific policy-based, and no precedent to follow , both in understanding and practice are in the exploratory stage, it was because of this special background, Guangzhou implementation of the "double-double limit competing" open transfer is a continuously improve, and constantly improve the process.
Repercussions for the market in Guangzhou City still questioned the explanation and the HKMA strain, market participants welcomed at the same time, still expressed some doubt.
First, government departments of Housing-family limit on the proportion of the actual differ. According to the HKMA's Guangzhou, 10 Limit the project 90 square meters-family were 70-100% share of between. But according to this reporter's knowledge, only 10 major projects in the commune winds, the three bedrooms above it in the big-family accounted for more than 70 per cent.
Second, 1.5 million square meters Limit the project may still commune with the winds, if the construction area of 380,000 square meters of the project winds commune employees to absorb all of the real limit the supply of another 20 per cent reduction.
In addition, according to the HKMA's Guangzhou, the company staff are required to comply with winds Guangzhou residence, the family pretax income below 200,000 yuan (individual purchase personal 100,000 yuan in pre-tax income below), to later marriage, the age of first-time home buyers , and other conditions in order to purchase, and according to this reporter's knowledge, project planning villa winds commune property 30 sets, 102 sets of residential compound, as well as more than 1,000 sets of three or four big-family Housing, which is the so-called middle-income people of this design ? (Bingbing Zhou Feng)

Guangzhou City Land Bureau official response to deny the "Limit the structures villa"

Yesterday (February 28), targeted at media reports Guangzhou "Limit the structures villas", a Guochafangguan Guangzhou City Council to make a formal response, denied Limit in the villa.
Data show that since the second half of 2006, Guangzhou adopted a "limited-family limit prices, competing prices, competing premium" open the way to sell the land LIMIT 10, the land area of 968,000 square meters, planning a total construction area of 1.78 million square meters.
In this regard, the Guangzhou City Guochafangguan press spokesman pointed out that, as the first country to explore the development of the city limit, Guangzhou in the second half of 2006, prices started to sell the public land, the national policy on the limit only the embryonic form of a fuzzy , the nature of the limit, the development of the operation to even basic ideas were not formed, the country has not actually carried out cities, there is no specific policy-based, and no precedent to follow in terms of both understanding and practice in the exploratory stage, , it is precisely because such special policy background, Guangzhou implementation of the "double-double limit competing" open transfer is a continuously improve, and constantly improve the process.
One in 2006 and early 2007 to sell the seven Limit Housing in accordance with the "90/70" on the provisions of the restricted-family structures, not all of the provisions of 90 square meters for construction covers an area of 90 square meters to 70% the proportion of housing one item, 80% of the four, 90% of the two. The second half of 2007 to sell the land Limit three-family structure 100% control of 90 square meters.
Limit the bedroom with a luxury residential villas and even questioned, the speakers stressed that the land supply for the Guangzhou limit does not exist and can not exist directional supply and additional concessions conditions, the mix-family limit the full implementation of the State "90 / 70 "policy, and there is no built with the situation. 90 square meters of housing from the development of the enterprises in accordance with their own development vision and the understanding of the market needs, design, construction and activities in the market.
At the same time, Guangzhou in 2004, according to the text, and so on the 28th national policy, a complete cessation of supply of land for villas and villa approved the construction of housing, therefore, does not exist can not exist with construction of the villa. Limit the partial non-compliance with the conditions of a few more than 90 square meters of housing, land developers in the back after the abolition of restrictive conditions, the operational risk will also be developers on its own.
In addition, the Huadu easterly winds limit the right of pre-emption of project staff, city Guochafangguan Bureau spokesman said, the project sold in the open winds, which require the company's employees have right of pre-emption, is the main reason for the right to use the land originally belonging to the company to the winds, also originally planned use of the enterprise is supporting the construction of industrial production staff living life sites. 2006, as strictly controlled enterprises build staff housing, taking into account take into account the housing needs of the staff, as consultations on an equal footing, the plot winds companies to voluntarily returned to the Government the right to use the land for open space limit the transfer.
City Guochafangguan Bureau spokesman stressed that the priority winds employees Limit the purchase of the project, must also be consistent with the "Guangzhou limit the sales management approach (Trial)" (hereinafter referred to as "methods") determine the conditions that have Guangzhou City area residence, the family pretax income below 200,000 yuan (individual purchase personal pretax income below 100,000 yuan), reached late marriage age for the first time home buyers. Winds staff priority to buy the remaining after the Limit the availability, in strict accordance with the "measures" to the public sales. (Zhang Yanhong Zhang)

Hengda Real Estate landing the Hong Kong stock market in March raised 1.5 billion US dollars

Hengda Real Estate preparation for the long-planned listing in Hong Kong will eventually be achieved at the end of March.
As early as the Spring Festival, market sources said there Hengda Real Estate has been listed by the Hong Kong Stock Exchange Master training, the IPO is expected to 2 billion shares, or 15% of the total equity. Another may be over-allotment of 1.5% stake in about 3 billion shares. Financing in the amount of more than 1.5 billion US dollars, about 11.7 billion to 15.6 billion between the Hong Kong dollar. Stock code (3333. HK). Time for listing is expected on March 28.
Super market is expected to Biguiyuan Hengda Real estate is the rich Hsu printed in 1997, founded by the company, has been 10 years of history, development in Guangzhou for the first large-scale residential real estate Jinbi Community Garden. Since its creation the company has maintained high-speed expansion, long thought into the capital market.
Earlier, Hengda has been the successful introduction of Temasek, Merrill Lynch, Deutsche Bank three strategic investors, and in 2007 successfully issued outside the company 500 million debt.
Sources said there is a market, Hengda 2007 in the nation in sales of 30 billion yuan, only equivalent to the current domestic-listed developers in the middle class.
However, according to Goldman Sachs estimates, Hengda 2007 profit of 1.021 billion yuan, excluding the value of the property revaluation core earnings for the 597 million yuan, an increase of 270%. But the 2008 outbreak of core earnings growth is estimated to reach 7.757 billion yuan.
Its listed Ruixin one of the sponsors of the study's assessment is, Hengda after listing in the valuation of 120.8 billion to 132.1 billion yuan between. The bank is based on the Hengda this year because there will be a huge property is completed, it will be its profit surged by 6.5 times to 9.26 billion yuan.
Hong Kong-funded property stocks to Biguiyuan (2007. HK) largest market, the latest market value of about 117.8 billion yuan, therefore, have the opportunity to replace the Hengda Biguiyuan status. At the same time, Hengda major shareholder and Chairman Hsu assets may be printed in more than 77.5 billion yuan, an opportunity to replace Biguiyuan Yang Yan of 67.7 billion yuan, becoming the richest man in the Mainland.
Scale and standardization bodies were favored reporters that Hengda in 2006 began the rapid expansion in the country, within a short span of two years, to the development of the country's 22 cities, from the more than 10 projects that extend to 48 projects. That, in 2008 Hengda area in the country to start in about 13 million square meters, is expected to achieve sales and the completion of the conditions of an area of 7.5 million square meters.
Land reserve, Hengda through mergers and acquisitions, including land auction reserve of about 40 million square meters of land, only slightly less than the "big landlords" Biguiyuan level. But informed sources, the plot Hengda majority concentrated in the urban areas better lot for the development of high-end properties. It is learnt that the 2007 Hengda's sale price in the sale of 12,000 yuan / square meters.
Earlier this month, Hengda to 4.1 billion yuan in Guangzhou to take CBD business district near the Zhujiang New City of a large area of residential plots, despite the fact that reached 13,000 yuan / sq m of floor premium let this move was risky questioned, but Hengda indicated that prices were not expected to reach its height, because the film before, the plot is expected to reach the floor premium 20,000 / square meters. It is understood that the Hengda development of the project will become Guangzhou in the bar end of the market.
Facing the Hong Kong stock market weakness, and the loan-to-influence by the United States, Hengda IPO which will be institutional and individual investors subscribe for shares, is still unknown. At present, the Hengda has been listed into the quiet period, the company's IPO, the company tight-lipped about the same from top to bottom.
But nearly Hengda informed sources, Hengda the core competitiveness of the future may be due to its superb ability to integrate and national standardized production. It was learned that from the supply of raw materials to the construction unit of the tender, Hengda have taken on large-scale centralized procurement or tender, 3 to 4% the level of the acquisition of raw materials, thus greatly reduce production costs.
In addition, the Hengda also carried out nationwide standardized production, significant savings planning, design and other costs. Hengda will be imprinted with the product to copy it into the city. Whether Guangzhou, Chengdu, Shenyang, Wuhan or, Hengda style consistent series of products, building materials decor are "across the board."
For a long time to enter the business 100% stake holders Hengda Hsu family, India, and a recent meeting with the media has said that its nearly 50 projects, half from the acquisitions. But it did not take a project with other companies. "We have basically a residential project owned. Unless ultra-high building, those offices can consider the introduction of strategic investors."
Here had died away, Hengda it came news that the United States has been quite an experience of high-rise project developers established a strategic and cooperative relations. Although the group did not reveal此番cooperation in specific projects. But there is a market source said, Hengda and the American company has been the target of Guangzhou in the forthcoming formal tender "East Tower."
Guangzhou as a sign of future construction, "things Twin Towers" in the West Tower has entered the construction phase. Sitarail tender two years ago when Hengda, has participated in the auction. 此番conspiracy East Tower, quite revival trend.
The Hengda common competition with the East Tower of the Hong Kong Sun Hung Kai Group. Years ago, the market news that Sun Hung Kai has been on the issue of cooperation Sitarail frequent contact with the Guangzhou Urban Construction Group. And Sun Hung Kai Properties executive director Suzhong strong Earlier in the "Business News" in an interview to express the great interest in the East Tower there. But now Sun Hung Kai "palace coup" on whether or not the incident will affect the planned investment in the mainland is still unclear.
At the same time, Hengda in Shanghai reached 10 billion a commercial project has already been implemented. There are signs that Hong Kong's stock market will be landing Hengda, has been deployed in the possession of the property do something. (Li Wei Zhang Yanhong Zhang)

Beijing Maple changed foreign Bypass Centre "limitations on the" curve purchasers

If market news is true, Maple Center may be the masters of the future is a South Korean company recently despite a notice on the London Stock Exchange Second Board news did not cause too much attention to domestic investors, but the news is the decision of the Beijing East Central 5-A luxury complex fate, and would involve an A-share listing to the interests of the company.
London Stock Exchange high-growth market (AIM) of Chinese listed companies by real estate (CCP) (hereinafter referred to as "the Chinese") issued a notice, the company was early February will be held by the Mountain Breeze (Barbados) SRL ( "Mountain Breeze ") transfer of the company shares with a third party, and Mountain Breeze sole proprietorship in the Mainland of China in Beijing Tianhong Real Estate Development Company Limited (hereinafter referred to as" the industry Tianhong ") have the right to purchase the Maple Center.

The transaction involves the amount of 760 million yuan, the Chinese said that the company's profit will reach 3 billion, sources said, the third of a South Korean company. As we all know, Maple centre of the A-share listed companies Wuchang fish (600,275. SH) quality assets.
The resale Maple China under the Chinese Centre for the rights and interests of the notice of this transaction, the third party valuation of the Maple building for 2.5 billion yuan, the Chinese-owned Mountain Breeze stake in the company corresponding to the interests of valuation 7.6 billion. 90% of the amount in cash to settle, and the remaining 10% was placed in a joint account, the Tianhong industry access to the ownership of the Maple Center, upon the Chinese side into account. Maple was in the building industry Tianhong ownership for a period of 10 months.
Shui On Group of Hong Kong and recently contacted Ryan also confirmed the interests of the Centre for Maple transfer.
Maple reference centre of building area 124,000 square meters, third-party valuation of the project reached 20,161 yuan / square meters, the East Second Ring in Beijing this position, so it is still quite fair valuation.
Notice of the Chinese convey the company has not only in the interests of the transfer of Maple Center, conveys Tianhong industry in the future will be a Maple ownership of the building. Before publication of this information and the Maple Center Development Programme have some access.
Prior to the comprehensive public information Maple Centre, the Maple Center in Beijing from the real estate company ( "in Beijing") development, in 2006, Mountain Breeze companies as strategic investors is the introduction of Maple Center, through its wholly-owned subsidiary of Tianhong industry investment to the project orientation 1.11 billion yuan.
Mountain Breeze company from SOCAM and JP Morgan Chase 50% of the shareholding, but SOCAM holdings were transferred to the Chinese company.
According to media reports, Mountain Breeze company's investment funds in three payments, the agreement came into effect after the first payment of 409 million yuan; Maple Center under the progress of the project, not to pay more than 380 million yuan directly to the Maple Center project contractors for the second tranche of the third T in the remainder of the Beijing Municipal Construction Committee made the "completion of the record table" payments. Tianhong industry in the amount of the first payment after one year, Beijing should be in the Maple Center sales of not less than 1.238 billion yuan as an investment priority paid to the return of Tianhong industry, and ultimately to be in Beijing Maple Center sales of no less than 1.7 billion yuan as an investment priority paid to the return of Tianhong industry, more than in some Beijing Tianhong industry and in the ratio of 80:20 by the allocation. The contract was entered into force in June 2006 and began to perform.
With the notice and the Chinese media reported that may be overlooked is that the industry has the Maple Tianhong buildings pre-emption, and the right decision today to purchase third-party investment.
Buy property in accordance with the Chinese foreign curve and the third-party agreement, a third party has already indirectly owned 50% of Tianhong industry interests, and its objective is directed at the future of Tianhong industry has the ownership of Maple Center. If a third party to acquire the shares of JP Morgan Chase, then it will eventually become the masters of Maple.
If market news is true, Maple Center may be the masters of the future is a South Korean company. Such changes, as if the real estate market and strict "limits of the" inconsistent, but people can not accuse.
Insiders pointed out that, outside the equity transaction has become a "bypass the limitations on foreign purchasers of" an important way. Mountain Breeze because the company itself is an offshore companies, on the transfer of the property rights, regulatory policy is not subject to the Mainland.
In the transaction, in addition to the floor, in sight of the third-party companies, Ryan ties to China, the company more profitable results. According to the information notice, the company's investment for the Maple Center in the following 460 million yuan, a year and a half hours will be 3 billion profit, profit of more than 65%.
For uncompleted residential flats's investment earnings Ryan clearly has become one of the operation, the Chinese company is the assembly of all uncompleted residential flats in the mainland projects in the London-listed company. Hong Kong-listed Shui On Construction and Materials 40% owned by Chinese interests.
According to Ryan introduced, the sale of Mountain Breeze stake in the company after the Chinese in Beijing also has two projects, namely in the area of commercial Beijing Lufthansa Center St. yuan, the project formed by the two office buildings, the total gross floor area for the 42,400 square meters; Another project is located in a northern suburb of Beijing East of quality residential development projects Fengqiao villas, the project by more than 80 three to four-storey European villas.
Wuchang fish how much profit?
Beijing in the project, a little like Maple centre flats have such a complicated background. Apart from the well-known JP Morgan Chase, the London Stock Exchange listed company to have the rights and interests of China, the Shanghai Stock Exchange Wuchang fish also have their rights and interests.
In fact, Wuchang fish and the relationship between the Maple Center more attention. Wuchang fish because of the real estate restructuring, the injection of Maple Center is a very crucial, the company because of the location of Maple Beijing core centre, and investors were dubbed "Olympic property stocks" concept.
Maple things from the Group of the Wuchang fish start with the backdoor.
2002, the former British Forbes Regal Jian of the Beijing Maple control group was about 20% (after the shares changed to 17%) of the stake and become the second largest shareholder, and then became its largest shareholder. Maple owned by the Group to Beijing in the two shares was injected Wuchang fish, with the ultimate Wuchang fish in Beijing to 97 per cent of the equity. Beijing is in the center of Maple developers, Maple Center has also become an important source of profits Wuchang fish.
As Ryan and Morgan Chase to Beijing in the strategic investment and, therefore, Wuchang fish will be seen as a core resources with Beijing, the international background of the company capital. In Beijing with Shui On Group, JP Morgan Chase signed between the harsh contracts were ignored.
Even in accordance with the previously announced contracts, Maple sales center at least 17 billion in Tianhong return to the industry to 25 billion valuation, the amount of surplus only eight million, the distribution of profits in accordance with 8:2 programme in Beijing and distributed to only 6.4 billion after deducting the cost of running out.
China and the transfer of the more revealing of the industry Tianhong Maple Centre has the right to purchase, the purchase price is likely less than 25 million, remaining to Beijing in the case, also is the possibility of Wuchang fish is very few. (Wang Fang Jie)

Guangzhou No. 2 Limit the Yaozhu produces nearly three times the availability of the purchase order

The price of 6,000 yuan per square meter Guangzhou Limit the second item – Vanke milestone on the 27th for an Yaozhu, produced 1,524 of the purchase order. The latest milestone Vanke only introduced 514 sets the limit.
According to the Guangzhou City Land Bureau data show that Vanke milestone received a total of 2823 applications for the purchase, the first examined a total of 1,524 requisitioners. The Yaozhu generating 1,524 purchase order, selling availability is about three times.
It is understood that the first Limit the Guangzhou-Lixi Bay of a total of 843 projects sets the limit, Yao Zhu had only two times the availability of the purchase order, that is, 1686. This led to the end of the project sold only 624 sets the limit, there were 219 sets of disposable purchase.
Guangzhou City Guochafangguan Bureau said Yaozhu after five working days to review each of the 1524 purchase, for the purchase, through the purchase audit list will be in the sun-edge web site publicity.

Public decoration more tricks to save money

Dig tunnels wall of the cost of eliminating the door perturbation reporters LU Gang

Bookcases and wooden planks from the red-brick structure in

Jiujia with wooden planks instead of rising prices of building materials, decoration prices forced many consumers use their brains, a lot of savings to the cost of renovation Peculiar Tricks prescription. Read these methods, silver, the ancient days, the industry's peak, and other decorative designers, practical is the most successful renovation, the public really effective way.
Brick cabinets save half of a 100 sq m under renovation Sunxiaojie housing originally planned to spend about 20,000 yuan for the whole of the cabinet. Now into brick surface counters and repair, landscaping tile counter paste. Container handling not, replaced by a nail in the two shelf on the wall. As a result, in addition to electrical appliances opened only spent more than 4,000 yuan, saving nearly 50 percent.
Digging a door openings money home province T Lee Garden Peninsula Yuzhong District Liu design cleverly used instead of door openings, we also feel that his design ingenuity.
He said the home is Yishiyiting, an ordinary door to around 1,000 yuan, solid wood doors to more than 2,000 yuan. He indoor square openings will be filled above a semicircle, a link to the pattern of Curtain Zhu Chen not only save money, generous and handsome. Semicircular also precisely with the door of his home with the Mediterranean style.
Mr Lau said, a lot of doors are only decorative effects is not practical. As long as we do a good job in the two bedroom doors, and other study door, the kitchen door, and so can be used instead of decorative.
Tatami mats in bed money home Tongchuang international melody come up with the money to get out of bed in tatami approach. She said: tatami replace the bed, not only saving, but also pretty led to the rich children's children.
Specific approach is: will be boosted cement floor with 3-5 cm, then covered with wooden floors above will become the tatami. Then, again only in the above covered mattresses and linens can sleep. Thus, spent only several dozen yuan boosted the floor of the money saved on the cost of a few thousand dollars.
Red Brick a retro bookcases lives Yuzhong He is the hands-owners. Renovation of the house, if wood bookcases need at least 3,000 yuan. He is shining on the photo, his hands a Yibi bookcase, took just over 300 yuan.
Specifically, this: ordinary red brick build from the ground up has been. On each side is a row of single bricks, the middle row is a pair of brick. Then in accordance with the needs of each distribution grid height, in brick at the time of release shelf nails, will be split into woodworking plate on the shelf directly above nails. Finally, in the brick and wood painted water paint. Yibi classical style rough on the bookcases made.
Tips decoration savings may wish to buy eight brick building materials market benefits, Chongqing here known as the "tile warehouse," the same quality product than many of the city are cheaper building materials market. For example, 1.8 yuan for each of the wall, and other building materials market to sell about 2.5 yuan. "Tile warehouse" stores are a factory shop in the front, directly behind the Treasury to collect. Despite the benefits of building materials market appeared eight only one Street, but then a lot of the Treasury, if the Treasury directly go back purchases, a store cheaper than 10% -20%.
Ma home plate to buy building materials market is rock city "of wood warehouse," with the same furniture, the quality of carpentry board, moisture-resistant board, and so on, usually higher than in other building materials market more than 30 yuan each cheaper.
Best buy kitchen utensils to buy domestic brands, imports of smoke and a cooktop to more than 5,000 yuan, the domestic prices of low-end products in about 1,500 yuan. Cabinet not to go to shopping malls to buy directly in the kitchens of places much cheaper than shopping malls, because cabinets manufacturing plant Jinchangbi exempted from the shopping malls.
Decoration materials difficult to spot cash prices – reporters recently that some furniture brands that prices will be in March, the recent orders many buyers. It is part of the furniture company said the current booking product to two months before delivery, the reasons for the booking too much.
Under renovation to the house of Miss Lee, the cupboard cabinets plant and was told, in the past two weeks to take delivery of goods, due to the recent ordering too many goods to reservations 40 days in advance. Do another wardrobe Guiben the furniture factory also said, at least 50 days in order to pick up after the recent backlog of orders to too many workers busy.
For consumers in a horse-rock building materials market to buy off-the-shelf packages doors and furniture, consulting the five enterprises to suite doors, furniture, Juben six factories, half of manufacturers that can not collect within two weeks, must be "queuing" wait. As such, at least in January, two more than in March.
According to some decoration companies designers reflected Recently, many furniture companies Mentingrefu with them cooperation between the furniture industry, produced a lot of time limit has been reached in March and above.
Worried about rising prices, to people who actually had to buy furniture orders, causing difficult to spot; Ironically, the individual manufacturers before the goods are also set to admit its fault – live in the Jiangbei Miss WONG, by the end of January in the city of a Distribution Booking 16 sets of wooden doors, each more than 1,400 yuan price, delivery later this month, which was to admit its fault, insisted every door plus 50 yuan.
Is not only furniture, wood flooring industry will be the first widely rumored that the price hikes. Parkinson high floor Chongqing Branch revealed that the city 32 stores, will be put up in early March the new price or market mouth of a shop floor that the forthcoming price adjustment; Rhine tiger floor, early March to replace the city's 50 full price stores signed ; Shengxiang, Fillinger, such as strengthening the floor Rhine sunshine brand, have also been mentioned sign replacement price.
It is understood that the wooden floor price adjustment because timber prices and artificial price hikes and various timber 10% -20% rise, which strengthen the wooden floor in the per square metre or about 6 yuan, or per square metre of solid wood flooring in the about 20 yuan. The wood floor prices, the city strengthened the low end of the wooden floor of approaching 80 yuan / sq m, imitation wood floor will be strengthened to achieve 140 yuan / m 2.
In addition, other building materials such as floor tile, the lights are either openly or covertly prices.

Most people concerned about the market: remote home buyers from outside Beijing sizzling real estate

Yesterday, Baidu users search through the publication of a history of the largest real estate report. This has 1.8 million Massive sample survey revealed a number of real estate marketing behavior characteristics, and Beijing is most concerned about in the real estate market.
According to the preliminary report, the concerns of the users active in the real estate market is still concentrated in the economically developed provinces and municipalities, especially in Beijing, as a search of the Beijing Real Estate Information Beijing netizens accounted for only 10% of total samples, but was concerned about real estate projects in Beijing Internet users in all of the survey results is as high as 26.35 percent, a considerable number of Internet users concerned about the provinces Beijing real estate market trends. This figure exceeded the Shanghai real estate market five percentage points, Guangdong, Zhejiang and Jiangsu membership in Beijing remote users interested in home ownership is very strong.
In fact, Beijing is also invested in real estate advertising and the largest region. The report showed that in 2005, the Beijing real estate projects online advertising invest in the estimated cost of about 308 million yuan, accounting for the estimated costs of 73%. This, perhaps, is also a Beijing real estate market in the country the highest concern one of the reasons why.
Analysts from Ereli said: "As the age of Internet users in the 18-35 age structure netizens occupy the main part, and more to a college or mainly of highly educated, which means that the basic component of China's net users and groups generally purchase anastomosis. Massive survey samples come to the conclusion worth studying. from the survey, Beijing is the national housing market leader. "(Luo Tian)