Real estate market in Europe Construction is not booming everywhere

Status: 16.06.2021 2:01 p.m.

Construction is one of the boom industries in Germany even during the crisis. But what about in other European countries? Our correspondents report that the situation there is only partially comparable.

Poland: increasing demand, increasing prices

By Jan Pallokat, ARD studio Warsaw Anyone in Poland who thought that the corona pandemic would slow down the construction industry, which has been booming in the country for years, was caught on the wrong foot at the beginning of the year. Housing construction in particular is buzzing even more; In the first quarter, developers in major cities sold 40 percent more than in the previous year and three percent more than in the previous record year of 2017. And because the supply of modern living space still lags behind demand in the country, the sales prices achieved are also rising steadily: on average by almost eight percent for new buildings and six and a half percent for used residential property. The rising prices for building materials and an increasing shortage of staff also play a role here. Because construction workers are scarce, market experts are now warning that construction sites could be paralyzed in rows during the high season in summer. The downside of the building boom: home ownership is often unaffordable for young families. Already today, 43 percent of under 35-year-olds in Poland lived with their parents, the Eurostat statistics office recently reported. This puts Poland in the top group in the EU when it comes to “Hotel Mama” and is on a similar level to Italy.

Spain: no construction boom in sight

By Reinhard Spiegelhauer, ARD studio Madrid Construction boom and Spain – wasn’t there something? Yes, Spain has actually experienced an absolutely ludicrous construction boom – but that was 20 years ago. In the nineties and noughties, the number of planned apartments practically doubled from year to year – up to the highest level in 2006 with almost 900,000 apartments. Then came the big bang: the real estate bubble burst, banks had to be bailed out, Spain rushed past bankruptcy, hundreds of thousands could no longer service their real estate loans, apartments were evicted. The market then recovered very slowly. But still, roads, lamps and park benches built in boom times are rotting in many development areas. In 2019, the year before the corona pandemic, the foundation stones were laid for a good 100,000 apartments. Since then, however, the sector has largely been paralyzed again. Unemployment fell again after peaking at around 25 percent after the euro crisis, but it again reached 15 percent during the pandemic. For young adults it is more than 30 percent. According to experience from the times of the real estate bubble, far stricter criteria now apply to the granting of loans. All of this is currently preventing any kind of construction boom in Spain.

Switzerland: mainly redevelopment and densification

By Dietrich Karl Mäurer, ARD studio Zurich Instead of a “construction boom”, the umbrella association of the Swiss construction industry, Building Switzerland, speaks of “continuously good work”. A large part of the orders are so-called consolidations and energy-efficient building renovations. But not least because of the low interest rates, large investors like to invest in construction projects such as new building complexes with rental apartments. The demand is good, although there are vacancies in some rural regions. Housing is still in short supply in cities. This is also because net immigration has recently risen again; During the pandemic, many foreigners who actually wanted to leave the country after a certain period of time in Switzerland preferred to stay – mainly because of the comparatively difficult labor market conditions in their home countries. The construction industry accounts for ten percent of Switzerland’s economic output and employs around half a million skilled workers. According to a recent economic survey, the situation in the construction industry is stable. However, the limited availability of building materials and preliminary products could become a problem. Incidentally, real estate prices in Switzerland have risen faster than they have been in eight years.

Text | Chinese Business Strategies by Wu Su

In the Chinese food arena, Wang Shouyi’s thirteen incense and Lao Ganma are household names, and countless people have used them since childhood, and they can be called “national grandpa” and “national grandma” brands.

Both were once beautiful.

As early as 1998, the annual income of Wang Shouyi’s thirteen incense reached 400 million yuan, relying on “composite seasonings” to build a huge condiment business empire.

Laoganma is even more synonymous with hot sauce. There is no marketing, no financing, no loans, no listing, only with unique taste and low price, the market coverage rate in all parts of the country is as high as 90%, and even exported to foreign countries. Wherever there is, there is an old godmother.”

In 2019, Laoganma’s annual sales exceeded 5 billion yuan, a year-on-year increase of 14.43%, a record high.

It seems that these two national brands still have a huge consumer market, but in fact, due to domestic and foreign difficulties, their sense of existence is getting weaker and weaker.

First of all, the younger generations feel that it is too slow to make money from selling spices and hot sauces, and they can’t sit on the “cold bench”, trying to make quick money from the real estate market, but they are all killed.

Wang Taibai, the grandson of Wang Shouyi, who held tens of millions in cash at the age of 20, was the “successor” that the second-generation leader once deliberately cultivated. He hoarded dozens of properties in the UK, but he did not expect to encounter the financial crisis and almost lost everything. Property, only relying on the family to “assistance” can get through the difficulties.

Similarly, Lao Ganma Tao Huabi’s eldest son Li Guishan Nuggets Real Estate, also touched his nose.

The real estate company of which Li Guishan is the second shareholder develops a real estate, but it has been unable to accept it due to construction problems, project balance problems, etc., and is involved in a lawsuit. In addition, this company suffered serious losses. From 2013 to 2017, it had a total debt of 950 million yuan. It frequently appeared on the list of untrustworthy executors and was involved in nearly a hundred judicial cases.

In addition to the huge resource loss caused by cross-border, the hunting of copycat products has also reduced the influence of Wang Shouyi Shisanxiang and Lao Ganma.

In the field of compound seasonings, the “fifteen incense” and “eighteen incense” have sprung up like bamboo shoots after the rain, and they have fought guerrilla warfare with the “genuine products”. To this day, in some cities, these “li ghosts” sell more than the “genuine products” it is good.

Lao Gan Ma was also troubled by copycats and had to apply for registration of trademarks such as “Lao Gan Da”, “Lao Gan Da”, “Lao Qian Ma” and “Lao Shi Ma”.

Outside of the cottage, the “encirclement and suppression” of competitors made it even more difficult for them to resist.

Totole, Yihai International, which provides the base material for Haidilao, and Zhongjing Food, which uses mushroom sauce to beat the world, are all accelerating their attack on the city. Wang Shouyi’s thirteen incense is particularly silent.

Lao Gan Ma was chased by Lee Kum Kee and Spice Girls, and online marketing was relatively weak. At the beginning of the year, the media compared the hot sauce data with the highest monthly sales in each brand’s flagship store. The hot sauce brand “Fan Ye” founded by singer Lin Yilun had five times more than Lao Ganma.

Unfavorable factors are superimposed, Wang Shouyi Shisanxiang and Lao Ganma no longer have the style of the former leaders, but this also forces them to think about changes, and new growth points may be bred in them.

——END——

Welcome to pay attention to 【Chinese Business Strategies】, learn about the heroes, and read the legends of the strategies.

All rights reserved, unauthorized reprinting is prohibited!

Some pictures come from the Internet

If it involves infringement, please contact to delete

The Weifang property market has fallen into a rather subtle and embarrassing state.

The Weifang property market continues to be in flames,

The hot ones are still hot,

No one cares about the unpopular ones.

What’s wrong with “destocking”?

On May 22, the second phase of Shangcheng Xifu opened for sales of 120 million yuan, and the next day announced a price increase of 200 yuan/㎡; on May 29, Dayou Shijia started selling 420 million yuan for the first time; Chengtou Aowen Mansion 16#, 18 #Dealization rate is as high as 87.6%. Among them, the unit price of Dayoushijia and Chengtou Aowen Mansion exceeds 11,000 yuan/㎡.

It is worth noting that behind the enthusiasm is the huge contrast between the general coolness of the Weifang property market.

In other words, the popularity of some properties is not representative. If you think that the Weifang property market is about to start a new wave of all-out madness, you are quite wrong.

In 2021, the Weifang property market will be two days of ice and fire, bid farewell to the general rise, and the differentiation will intensify.

The greatest value of real estate comes from the land. Any piece of land has its meaning, but different locations determine their fate and valuation.

In 2021, Weifang City’s available off-plan residential properties will be close to the big mark of 100,000 units. Although there are a lot of new listings entering the market every month, the rate of decentralization in the market is also accelerating.

According to data from the Zhongzhi Research Institute, from January to May 2021, the total sales amount of the TOP10 real estate companies in Weifang was 12.97 billion yuan, and the total sales area of ​​the TOP10 companies was 1.599 million square meters. Hengxin, a local brand real estate company, has performed outstandingly, with a sales performance of RMB 6.78 billion or 867,000 square meters, ranking first in both the sales amount and sales area rankings ； Shandong Gaochuang ranks first and second in the double list of sales amount and sales area with a sales performance of 1.17 billion yuan / 139,000 square meters ; Country Garden firmly ranks third in the sales value list with 930 million yuan / 124,000 square meters. The market share of branded real estate companies further increased.

From January to May of 2021, the sales value of the top four projects in Weifang’s commercial residential sales ranking list exceeded 500 million. Among them, CIFI Yinshengtai Boguan Tiancheng ranked first with sales of 570 million; the second was Vanke. City, the sales amount is 550 million; Sunshine Garden ranks third, the sales amount is 510 million.

From district counties, In May 2021, the high-tech zone will still be the main area, and the transaction area of ​​commercial residential buildings accounted for up to 32%, with a total of 182,700 square meters/1278 units; followed by Weicheng District, with a total of 96,900 square meters/750 units; again, Kuiwen District , A total of 81,100 square meters/603 sets were sold.

However, with the increase in the number of available houses in the market, buyers bid farewell to the hungry phase. When buying a house, the logic of self-occupation is beginning to overcome the logic of investment.

The current Weifang property market has gradually tended to a similar state: 20% of hot-selling properties and 80% of unsold projects; even 20% of the projects may take up 80% of the market’s sales volume.

It is not difficult for a discerning person to see that after the epidemic, they are still not afraid of the hot and cold real estate in the market. It probably has the following common characteristics: high-tech zone, complete supporting facilities, strong brand, and improved apartment layout.

Buyers in Weifang, start heading east!

Source: Weifang New Property Market

When the sales of developers such as China Merchants Shekou, China Shipping, Poly, and China Resources, which are also central enterprises, have reached hundreds of billions in sales, CCCC Real Estate’s 100 billion progress bar has just passed halfway.

In 2020, under the leadership of then President Li Yongqian, CCCC Real Estate achieved contracted sales of 53.3 billion yuan, fulfilling its sales target for that year. Due to the desire for scale, CCCC Real Estate will be quite aggressive in 2020. The company added 30 new land in the whole year, twice the amount in 2019, and its floor space has increased by 176.90% year-on-year to 6,355,900 square meters.

After a brief victory, the plight of CCCC Real Estate became more and more obvious. Even if the scale exceeds 50 billion yuan, the company’s profitability continues to fall, and the debt indicator has stepped on two red lines in a row. How to balance the scale and debt has become a difficult problem for CCCC Real Estate.

Three delays in accounts payable

After the transfer of assets to return funds, borrowing from the parent company’s real estate group, and the transfer of surplus funds from affiliated companies, CCCC Real Estate has launched a new round of financing measures.

On June 14, CCCC Real Estate disclosed that the company plans to carry out non-standard supply chain financial asset securitization business with Ping An Wealth Management and Centennial Asset Management, with a total financing of no more than 3 billion yuan, mainly for payment of the project company’s accounts payable .

CCCC Real Estate said that this non-standard supply chain financial asset securitization business can extend the payment period of the company’s accounts payable, effectively alleviate the company’s short-term cash flow pressure, and optimize the liability structure.

This is not the first time that CCCC Real Estate has adopted this method to extend the payment time of accounts payable.

On January 14, CCCC Real Estate announced that in order to speed up capital turnover and increase capital utilization, the company and its subsidiaries intend to cooperate with the Bank of East Asia in refactoring business. The latter will provide CCCC Real Estate with a total of 400 million yuan. The re-factoring limit, the subject of the transaction is the accounts payable of the subsidiary of CCCC Real Estate, that is, the accounts receivable of the corresponding supplier.

The specific business content is that the supplier transfers the accounts receivable to the factor. The Bank of East Asia agrees to accept the transfer of the accounts receivable from the factor after confirming that the accounts receivable meets the agreed conditions, and the Bank of East Asia will guarantee the transfer of the accounts receivable. The manager provides non-recourse re-factoring services, and CCCC Real Estate acts as the co-payer of its subsidiaries.

Guan Rongxue, an analyst at the Zhuge Housing Data Research Center, told reporters that the cooperation between real estate companies and insurance companies to carry out non-standard supply chain financial asset securitization business is one of the ways that companies often use to ease short-term cash flow pressure. But the same operation three times in a row in six months can’t help but make people question, is the short-term cash flow of CCCC Real Estate already so tight?

According to data, as of the end of 2020, the amount of CCCC Real Estate’s accounts payable was 8.961 billion yuan, an increase of 48.45% from the 6.036 billion yuan in 2019, all of which must be paid within one year.

The “International Finance News” reporter noted that the substantial increase in the accounts payable of CCCC Real Estate that year was mainly due to the increase in land payables. In 2020, CCCC Real Estate added 2.577 billion yuan in land payables, and the company did not have such expenditures in 2019.

In the same year, CCCC Real Estate’s short-term loans amounted to 2.239 billion yuan, and non-current liabilities due within one year were about 5.819 billion yuan. If the accounts payable of 8.961 billion yuan are included, the company’s short-term debt level reaches 17.019 billion yuan, and the corresponding monetary capital in the same period is only 11.534 billion yuan, which is obviously out of balance.

From this point of view, it is understandable that CCCC Real Estate has extended the payment time of accounts payable many times.

Dilemma

But it is obviously not enough to relieve financial pressure in this way.

On June 14, CCCC Real Estate also disclosed an announcement on providing counter-guarantees to related parties for the issuance of corporate bonds. According to the announcement, CCCC Real Estate intends to publicly issue corporate bonds of no more than 1.2 billion yuan. The controlling shareholder of the real estate group will provide joint liability guarantee guarantee, and CCCC Real Estate will provide counter-guarantee for it.

After several rounds of financing, it is not clear how much breathing space China Communications Land has to compete for. However, from the current situation, reducing debt is quite important for the company.

According to data from the Shell Research Institute, in 2020, CCCC Real Estate’s debt-to-asset ratio after excluding advance receipts is 83.4%, exceeding the 70% red line; the net debt ratio is 296.4%, an increase of approximately 146.2 percentage points year-on-year; the cash short-term debt ratio is 1.43 , Step on two lines.

According to the “three red lines” financing rules, real estate companies that stepped on the two “red lines” will be classified as “orange files”, and the annual growth rate of the scale of corporate interest-bearing liabilities shall not exceed 5%. Therefore, if the debt level is not optimized, the already weak CCCC Real Estate will be restricted in financing, and it will be more difficult for the company to move closer in scale.

Guan Rongxue told reporters that the current dilemma of CCCC Real Estate is that, on the one hand, the company is inefficient in the process of resource integration, and on the other hand, it is because the company pursues large-scale acquisition of mergers and acquisitions projects and large-scale expansion of land reserves.

According to Guan Rongxue, although the development of non-standard business has extended the debt period, CCCC Real Estate’s long-term cash flow pressure still exists.

As of the first quarter of 2021, CCCC Real Estate’s short-term borrowings have fallen to 890 million yuan, but the bills payable in the same period has increased by 57.523% compared with 2020 to 37.054 million yuan, and long-term borrowings have increased by 43.5% compared with 2020 to 35.678 billion yuan. Bonds have also increased from 5.011 billion yuan in 2020 to 8.144 billion yuan.

In addition, due to the increase in short-term loans payable to shareholders, other payables of CCCC Real Estate also increased by 217.93% from 2020 to 6.93 billion yuan. With the continuous support of the parent company, the amount of this part of the funds may remain high in the short term.

Under the high pressure of debt, CCCC Real Estate continues to provide guarantees for its holding subsidiaries and shareholding companies. As of May 31, the balance of guarantees between its holding subsidiaries and holding subsidiaries was 12.357 billion yuan, accounting for 403.64% of the net assets attributable to the parent at the end of 2020; the balance of guarantees for participating companies that were not in the scope of the consolidated statement was 2.107 billion yuan , Accounting for 68.82% of the parent’s net assets at the end of 2020.

Private wealth at a record high Especially the super-rich get richer

Status: 10.06.2021 8:34 a.m.

Never before have people worldwide amassed so much private wealth as in the Corona year 2020. The wealth of Germans alone climbed – thanks to savings and real estate – to almost 20 trillion dollars. 20,000,000,000,000 dollars – this is the impressive sum of private wealth that private households in Germany had at their disposal in 2020. This emerges from the new “Global Wealth Report” by the Boston Consulting Group (BCG).

Better real estate than stocks

The Germans were helped by their much-cited propensity to save: financial assets, including cash, account balances, stocks, pensions and life insurance, grew by around six percent to around nine trillion dollars, according to the information. Investors in Germany saved above average, emphasized Anna Zakrzewski, BCG partner and author of the study. “Traditionally, Germans prefer to invest in real estate rather than in securities, as the real value quota of almost 60 percent clearly shows,” says the BCG expert. In the crisis year 2020, the real assets of Germans, i.e. real estate, jewelry, art and gold, increased by five percent to 13 trillion dollars. After deducting debts, private households in Germany had a total of just under $ 20 trillion.

Rising stock market prices, growing savings

The developments in Germany are a reflection of a global trend: people around the globe accumulated more wealth than ever in the year of the Corona crisis. Private financial assets rose year-on-year by a good eight percent to a record $ 250 trillion. Rising stock exchange prices and growing savings contributed to this. The BCG experts were surprised, as they expected a year ago that private assets would melt as a result of the corona pandemic. For the first time in 2020, the BCG experts will also consider property such as real estate or gold. Total assets minus debt was $ 431 trillion.

2900 super-rich in Germany

However, wealth is unevenly distributed. Above all, the club of the rich and super-rich grew strongly. The super rich – these are people with a net worth of more than $ 100 million. In the crisis year 2020, 6000 more people were accepted into the club of the super-rich, the number of members grew to 60,000. According to the BCG, these 60,000 people own 15 percent of the world’s investable wealth. In Germany alone there are 2,900 super-rich. This puts the Federal Republic of Germany in third place in the global ranking. The USA is at the top, followed by China.

Getting richer?

Against the background of the expected economic recovery after the Corona crisis, BCG expects steady growth in global private wealth for the coming years. By 2025, it should grow by an average of just under five percent annually to $ 544 trillion. Global inequalities are likely to increase further: According to the BCG forecast, people in North America, Asia excluding Japan and Western Europe in particular will get richer.

New Zealand has the most expensive housing market in the world. (Source: stuff.co.nz) According to Bloomberg Economics, real estate prices around the world is exploding strongly, from which the warning will form a real estate bubble unprecedented since the 2008 financial crisis. Based on the key indicators used in Bloomberg Economics’ calculations, New Zealand, Canada and Sweden are ranked as the top countries, respectively. Expensive housing market best of the world. Meanwhile, the UK and US are also near the top of the risk charts. Bloomberg Economics economist Niraj Shah says there are multiple factors contributing to the rise in home prices to unprecedented levels worldwide, including record low interest rates, massive fiscal stimulus packages, and massive bailouts. Backup savings can serve as a down payment, limited housing stock and expectations of a strong recovery in the global economy. Besides, the trend of working from home to avoid infection COVID-19 causing more people to need more living space and many governments giving tax incentives to homebuyers also increase the demand to buy houses. According to calculations by Bloomberg Economics, the ratio of price to rent and price to income will help assess the sustainability of housing price increases. Bloomberg Economics analyzes that even as risk indicators rise, with interest rates remaining low, lending standards generally higher than before, and macro-prudential policies in place, the cause led to the real estate market collapse is not clear. Mr. Shah said that in the coming period, it is likely that the real estate market will witness a cooling, not a collapse. As interest rates start to rise and other measures are put in place to protect financial stability, the property market will face an “important test,” Shah said.

Text | Chinese Business Strategies by Wu Su

In the Chinese food arena, Wang Shouyi’s thirteen incense and Lao Ganma are household names, and countless people have used them since childhood, and they can be called “national grandpa” and “national grandma” brands.

Both were once beautiful.

As early as 1998, the annual income of Wang Shouyi’s thirteen incense reached 400 million yuan, relying on “composite seasonings” to build a huge condiment business empire.

Laoganma is even more synonymous with hot sauce. There is no marketing, no financing, no loans, no listing, and only with unique taste and low price, the market coverage rate in all parts of the country is as high as 90%, and even exported to foreign countries. Wherever there is, there is an old godmother.”

In 2019, Laoganma’s annual sales exceeded 5 billion yuan, a year-on-year increase of 14.43%, a record high.

It seems that these two national brands still have a huge consumer market, but in fact, due to domestic and foreign difficulties, their sense of existence is getting weaker and weaker.

First of all, the younger generations feel that it is too slow to make money from selling spices and hot sauces, and they can’t sit on the “cold bench”, trying to make quick money from the real estate market, but they are all killed.

Wang Taibai, the grandson of Wang Shouyi, who held tens of millions in cash at the age of 20, was the “successor” that the second-generation leader once deliberately cultivated. He hoarded dozens of properties in the UK. He did not expect to encounter the financial crisis and almost lost all of them. Property, only relying on the family to “assistance” can get through the difficulties.

Similarly, Lao Ganma Tao Huabi’s eldest son Li Guishan Nuggets Real Estate, also touched his nose.

The real estate company of which Li Guishan is the second shareholder develops a real estate, but it has been unable to accept it due to construction problems, project balance problems, etc., and is involved in a lawsuit. In addition, this company suffered serious losses. From 2013 to 2017, it had a total debt of 950 million yuan. It frequently appeared on the list of untrustworthy executors and was involved in nearly a hundred judicial cases.

In addition to the huge resource loss caused by cross-border, the hunting of copycat products has also reduced the influence of Wang Shouyi Shisanxiang and Lao Ganma.

In the field of compound seasonings, the “fifteen incense” and “eighteen incense” have sprung up like bamboo shoots after the rain, and they have fought guerrilla warfare with the “genuine products”. To this day, in some cities, these “li ghosts” sell more than the “genuine products” it is good.

Lao Gan Ma was also troubled by copycats and had to apply for registration of trademarks such as “Lao Gan Da”, “Lao Gan Da”, “Lao Qian Ma” and “Lao Shi Ma”.

Outside of the cottage, the “encirclement and suppression” of competitors made it even more difficult for them to resist.

Totole, Yihai International, which provides the base material for Haidilao, and Zhongjing Food, which uses mushroom sauce to beat the world, are all accelerating their attack on the city. Wang Shouyi’s thirteen incense is particularly silent.

Lao Gan Ma was chased by Lee Kum Kee and Spice Girls, and online marketing was relatively weak. At the beginning of the year, the media compared the hot sauce data with the highest monthly sales in each brand’s flagship store. The hot sauce brand “Fan Ye” founded by singer Lin Yilun had five times more than Lao Ganma.

Unfavorable factors are superimposed, Wang Shouyi Shisanxiang and Lao Ganma no longer have the style of the former leaders, but this also forces them to think about changes, and new growth points may be bred in them.

——END——

Welcome to pay attention to 【Chinese Business Strategies】, learn about the heroes, and read the legends of the strategies.

All rights reserved, unauthorized reprinting is prohibited!

Some pictures come from the Internet

If it involves infringement, please contact to delete

Natural green spaces are always the desire of many families In the past few years, the high rate of urbanization has made the living environment in big cities like Hanoi and Ho Chi Minh City stifling. People are often confined in an “industrial” space with concrete, glass doors and especially smoke and waste from vehicles. A green space with fresh air has become the desire of many people. In particular, the fact that families spend time every weekend to participate in resort and fun activities outside the city has become a habit. Or as with families with good economic conditions, choosing an apartment that is close to nature, in harmony with nature has become a top priority, even though the location of the apartment may be far from the center or the cost. expensive. According to Stanford University research, walking in nature instead of an urban environment helps reduce anxiety, stress and negative influences, while enhancing cognitive ability and improving work performance. Living space close to nature also plays an important role as a connection between people and people. All the above factors make modern residents want to find green living trends to balance and enjoy life. Around the world, the trend of bringing nature into your own living space has become very close and popular, such as in Copenhagen (Denmark), Ho Chi Minh City. Reykjavik (Iceland), City. Malmo (Sweden), Vancouver (Canada), Ecuador, Sydney (Australia), Colombia, Curitiba (Brazil), England…. In Asia, Singapore is one of the leading countries in urban green space design. The “Lion Island” is overwhelmed by the harmonious alternation between high-rise buildings and the proportion of trees. In Australia, two cities. Sydney and Melbourne have applied the form of greening roofs in shopping centers to attract visitors while improving the environment for residents and workers. The city government encourages residents to plant trees on the roof and turn office walls into green walls. The form of planting trees on the roof is also very diverse, from small and simple Styrofoam boxes to a garden with an area of ​​​​up to 2,600m2 on the roof of Mcentral building, Harris Street, Pyrmont area, City. Sydney… D’. El Dorado is one of the rare projects that owns a large natural green space Meanwhile in Vietnam, taking advantage of green spaces from nature is still a rarity for real estate projects. The narrow land fund and high population density have pushed apartment buildings to become more secret than ever. In the context that modern customers are more and more concerned about the quality of the living environment, forcing investors to build more artificial green spaces in the project site and make the most of natural green spaces. provided by the surrounding environment. That explains why project D’. El Dorado II of investor Tan Hoang Minh has become the first choice of customers who love green life. Located in a prime location right next to West Lake – the natural “green lung” of Hanoi capital, D’. El Dorado II owns a truly natural fresh living environment with more than 500ha of West Lake water surface and a system of green trees running along the lake. Besides, with a unique location, residents at D’. El Dorado II also enjoys the cool breeze blowing from the romantic Red River. According to many scientific studies, the lake not only helps purify the air, but also reduces the ambient temperature by 2-4 degrees Celsius in the summer, increases humidity by 5-12% and reduces 2-4 .5% of solar radiation, while enhancing the circulation of cool and hot air flows between adjacent areas of the city. In particular, not only purifying the air to help people stay healthy and full of energy, but the lake also contributes to the joy of life, helps circulate energy, relieves stress, helps to refresh the spirit, and relieves stress. relieve anxiety, increase resistance. The large balcony has a panoramic view of West Lake and helps make the most of the fresh air Understanding the preeminent advantages of the project with large natural spaces, in each apartment, Tan Hoang Minh Group did not hesitate to invest in a system of large glass doors and balconies to maximize the space. green, natural light and fresh air of this place. With a prime location to make the most of the natural green areas, sophisticated architecture and a diverse system of internal utilities, project D’. El Dorado II will surely satisfy customers who are looking forward to a green life in harmony with nature.

It is known that RM bought a luxury apartment in Hannam-dong for 4.9 billion won (about 101 billion VND) in November 2019. The apartment has an area of ​​​​284.2m2, located in the golden land in Seoul and located in the same building as BTS’s dormitory. On May 5, the leader of BTS sold his apartment for 5.8 billion won (about 119 billion VND). Thus, after just over a year, the male idol has earned a profit of 900 million won (about 18 billion VND). RM became the new real estate giant of Kbiz when he earned a profit of 18 billion dong after only 1 year thanks to the sale of the apartment. RM’s luxury apartment is located in an expensive complex Hannam The Hill of the rich is stunned by the luxury It is known that Hannam The Hill is the most expensive villa complex in Seoul. At the time of 2019, the powerful leader of BTS stunned when it was easy to “buy” an expensive apartment with cash in just 1 time. This is also the residence of many famous Korean stars such as Kim Tae Hee – Bi Rain, Han Hyo Joo, So Ji Sub, Jin (BTS) and many leading Korean businessmen. RM used to be a neighbor of a series of Kbiz stars like Kim Tae Hee – Bi Rain, Han Hyo Joo, So Ji Sub, Jin (BTS),…

Rain and Kim Tae Hee Bi Rain and Kim Tae Hee have an estimated total assets of 72 million USD (about 1,700 billion VND). The power couple owns a lot of real estate such as a villa worth 11.1 million USD (about 255 billion VND) and a building costing 22.2 million USD (about 511 billion VND). Both are located in the upscale Cheongdamdong area in Seoul, South Korea. According to the review of the newspaper Today , 2 famous stars are not only great artists but also have outstanding business minds. Bi Rain and Kim Tae Hee have total assets estimated at 1700 billion VND. Song Hye Kyo Dubbed the “Queen of Real Estate”, Song Hye Kyo owns a huge fortune of up to 31 million USD (more than 720.4 billion VND). Besides a successful career, she is also famous for owning many luxury apartments and buildings throughout Korea. On May 27, Song Hye Kyo continued to bring surprises when she bought a 5-storey villa in Hannam-dong, Seoul, South Korea for up to 19.5 billion won (401 billion VND). Song Hye Kyo owns a huge fortune of more than 720.4 billion VND. Jun Ji Hyun In 2017, actress and model Jun Ji Hyun bought a building at Samsung in Gangnam district for $8.5 million (about VND 195 billion). Charge an additional 20 billion won (more than 400 billion VND) for previous home purchases and villas also in Gangnam and Yongsan, making the female star Legend of the Blue Sea become one of the richest real estate owners in Korea. . Jun Ji Hyun is among the top richest real estate owners in Korea. Daesung (Big Bang) In 2017, male singer Daesung bought an 8-storey house with 2 underground floors located near Apgujeong Rodeo station. The first floor has a Starbucks store and collects 84,963 USD (nearly 2 billion VND) in rent per month. 2017 was also a bumper year for the Big Bang member when he became the only idol singer named by MKNews in the list of 10 real estate giants in the Korean entertainment industry this year. Daesung is the only idol singer in the list of 10 real estate giants in Korean entertainment in 2017. G-Dragon (Big Bang) In addition to Daesung, fellow member G-Dragon makes many people overwhelmed when he is not afraid to show off his million-dollar real estate, expensive furniture, and huge car. G-Dragon owns many luxurious and comfortable houses, including an apartment in the Hanwha Galleria Foret building for about 3 million USD (about 69 billion VND) and an apartment in Mapo, in Seoul that costs about 1.3 million USD (about 30 billion VND). As the popular “Kpop King”, G-Dragon owns many million-dollar houses with expensive furniture. In particular, the most prominent “place to go” of G-Dragon is March Rabbit in Cheongdam – dongdong, Seoul, up to nearly 9 million USD (about 207 billion VND) bought by him in early 2021. Suzy Surpassing many other female stars such as IU, YoonA, Suzy is the K-Pop female idol who owns the most expensive villa in Korea as noted by TMI News in 2020. At this time, her apartment is valued at 3.3 million USD (about 76 billion VND) in the real estate market. Suzy is the Kpop female idol who owns the most expensive villa in Korea according to TMI News 2020. Suzy also owns a building in Gangnam that was valued at 3 million USD (about 69 billion VND) in 2016 and earns 13,400 USD (about 308 million VND) per month from real estate rental. Doan Phong
synthetic

Not only acting as a trade gateway, becoming the driving force of the economy, the seaport system in many places has developed marinas with a 5-star infrastructure to welcome luxury tourists. Along with that, the strategy of urban development and construction of marinas suitable for each port area has also become a top concern in coastal countries. Hundreds of luxury yachts gather at Port Hercules for the annual Monaco Yacht Show. The achievements of the port urban development strategies are present all over the world. If you want to know how magnificent Hong Kong is, visit Victoria Harbor – a busy harbor with skyscrapers and neon lights that shine around the clock. Coming here, visitors will be immersed in the bustling and bustling life of a city that never sleeps. Similar is the Darling Harbor of Sydney (Australia) with famous commercial and entertainment activities. Regardless of day or night, the marina has become a space for romantic bayside meals, lively bars and countless high-class entertainment services. Speaking of the busiest marinas in the world, Miami cannot be missed. The elites say, “If you come to Florida without trying a walk on the Miami marina, shopping until you are tired or simply sipping a cup of coffee and enjoying the taste of luxury and bustle. of the United States … “was” a whole trip. In particular, it is impossible not to mention Monaco, the land that owns the most luxurious and splendid tourist destinations in the world. In particular, Hercules marina is known as “the destination of the elite”. The entire port has only 20 positions for superyachts. Where visitors are willing to pay 1,500 USD to rent 1 night on the yacht or 4,500 USD / night at hotels around Hercules marina. Only winning the lottery can buy real estate by the harbor? In Shanghai, the city with the largest port in the world, some experts liken Shanghai’s house prices continuously increasing over the years, so expensive that “you can’t buy it when you win the lottery”. Real estate in Shanghai has continuously increased for many years. With the advantage of marine economy, Shanghai has the second largest GDP per capita in China, only after Beijing, reaching 137,000 yuan. Originally a remote fishing village, today Shanghai has the busiest port in the world, more than Singapore and Rotterdam. Therefore, Shanghai is considered the “economic capital” of China. Experiencing the history of movement of the modern world, thanks to its great economic benefits, and at the same time possessing beautiful landscapes and views; Living space, healthy resort, harbor areas are identified as “mecca” of expensive and lavish real estate. Typical of which are Monaco, Hong Kong, Miami …, but this list is also expanding as the coastal countries seriously implement the port urban development strategy. Luxury yacht docked at Ha Long international passenger port. Yacht Bay – a new masterpiece in a heritage land As a coastal country, Vietnam has nearly half of the provinces and cities with the sea, with a total coastline of over 3,260 km running along the length of the country. However, only a few have enough conditions and built modern and large-scale seaport infrastructure. Among them can be mentioned Ha Long, where there is a heritage bay and today there is Ha Long international passenger port, which is the first specialized port for tourists in Vietnam. After being inaugurated and put into operation in 2018, Ha Long International Passenger Port has welcomed many unprecedented large tonnage international ships into Vietnam at the same time thanks to the advantage of being located on the international maritime route between India and India. Ocean and Pacific Ocean. On the other hand, the inland wharf is always crowded with tourists to experience tours to visit Ha Long Bay. Besides super ships, many times, Ha Long international passenger port has welcomed luxury yachts of the elite. Notably, in 2019, the US$150 million yacht of British billionaire Joe Lewis to Ha Long Bay also docked at Ha Long international passenger port. In Vietnam, it is easy to see that now only Ha Long Bay has all the golden elements to develop into a berth of super yachts. This place, with its harmonious mountain and sea topography, is a world natural heritage recognized by UNESCO and one of the new 7 natural wonders of the world. Sun Marina Cruise Bay is developed right next to Ha Long International Passenger Port. With great potential from the unique factor, the only heritage bay with a marina in the world, Vietnam in general and Ha Long in particular are pioneering to create a new concept called “yacht bay”. Accordingly, the yacht bay in Ha Long known as Sun Marina is developed according to the model of a complex project consisting of a high-rise tower (Sun Marina Town) and a shopping street (Sun Marina Plaza) that will give wings to customers. development of Ha Long city. At the same time, the birth of a high-class yacht bay, converging the world’s elites in harmony with Vietnamese cultural identity, establishing a separate “world” for the elite and connoisseurs. gravel, likes and wants to experience different things. In the future, surely Yacht Bay – Sun Marina will become a must-see destination for the elite. According to the owner’s share, Sun Marina is scheduled to launch in May. This is also a move that not only the elites are looking for different values, but also investors. are eagerly waiting for this once-in-a-lifetime opportunity. Thus, it can be seen that, not only with the role of creating and promoting the potential, business and tourism for each land, the future yacht bay in Ha Long has the mission of creating and establishing the highest standard of living. Exclusively for the super-rich, always looking for subtle and different values. And this has always had an irresistible attraction.

Speakers participating in the Russia-Vietnam Forum on Artificial Intelligence (AI) (photo source VOV.vn) “The information on the market today seems a lot, but the raw data is often very noisy with missing information. Too little data in unpopular areas and there are too many types of real estate” – said Mr. Tran Hoang Tung, representative of Meey Land (Meey Land Group Joint Stock Company). According to Mr. Tung, this leads to difficulties for both the seller and the buyer in finding a suitable real estate, thereby prolonging the real estate transaction time, especially for those who perform real estate transactions. transaction for the first time. “There is not enough information to give an appropriate selling price for the seller, or to have a reasonable financial plan for the buyer,” a representative of Meey Land shared. Currently, the selected solutions are: Find real estate experts, brokers, and search for information on the internet. However, these methods require a lot of time, skill and are difficult to verify information. According to the representative of Meey Land, these problems can be solved by applying Artificial Intelligence (AI) to the research and analysis of market data. “By analyzing data, we can solve two things. Firstly, find out the important factors affecting real estate prices: area of ​​use, value, location, contractor/investor, number of bedrooms… Second, group of properties properties with similar factors to determine the price range of real estate in a short time without human intervention “- Mr. Tung shared. Mr. Tran Hoang Tung – Director of AI Project is presenting on “Application of AI in real estate valuation” The application of Artificial Intelligence (AI) in the valuation of real estate assets is part of an overall problem of 26 products/utilities launched by Meey Land with the ambition of solving problems in the real estate market. real estate by applying technology in activities and transactions. “The systematization of data by Meey Land’s AI will help make the real estate market more transparent, shorten transaction times and increase liquidity,” said a representative of Meey Land. In addition to the sharing of the Vietnamese representative, Meey Land, the 1st Russia – Vietnam Forum on Artificial Intelligence (AI), there were many other important contents that attracted the attention of attendees. Events like this forum promise to strengthen cooperation between businesses and organizations of Vietnam and the Russian Federation in the field of information technology in general and artificial intelligence (AI) in particular.

On May 3, billionaire Bill Gates and his wife Melinda announced their divorce after 27 years of marriage. According to Forbes, Bill Gates is currently the fourth richest person in the world, with a net worth of $ 130.5 billion. He is also one of eight people who own 100 billion dollars in the world, and the Microsoft co-founder also owns a series of expensive real estate. In which, the most prominent is the Xanadu 2.0 house in Medina, Washington (USA). (Photo: Fancy Pants Homes) Billionaire Bill Gates bought this $ 2 million land in 1988. After that, he took 7 years and spent about $ 63 million to build the house. (Photo: Business Insider) The villa is designed in the style of “in harmony with the land”, half hidden at the foot of the hill and the other half facing the vast green lake. As a result, the temperature of the house is always stable in the range of 17-25 degrees Celsius, whether it is hot outside or a snowstorm. (Photo: Business Insider) In mid-2020, Bill Gates and his wife bought a villa close to the beach in the wealthy town of Del Mar near the city of San Diego, California, for $ 43 million. (Photo: The Guiltinan Group) The villa is about 540 m2, including 6 bedrooms, 3 bathrooms, an outdoor swimming pool and a large terrace overlooking the sea. (Photo: The Guiltinan Group) In addition to modern amenities such as hot tub, fire pit … outside the villa also owns 37m of coastline. (Photo: The Guiltinan Group) Not only that, for many years, billionaire Bill Gates quietly bought 242,000 acres of agricultural land across the United States. In terms of the amount of agricultural land owned, Bill Gates is the owner of the largest agricultural land in the United States. (Photo: Business Insider) According to The Land Report, this billionaire has built a huge portfolio of agricultural land spanning 18 states in the United States. (Photo: Prime Times) In 2013, Bill Gates bought a horse farm in Wellington for $ 8.7 million. Previously, he rented the farm to keep his daughter in a horse race in Florida. (Photo: Business Insider) In October 2014, he bought a 92.2 hectare land plot called Rancho Paseana for $ 18 million. The estate includes a racecourse, guesthouse, office, pet area, orchard and 5 stables. (Photo: Business Insider) In the state of Wyoming, Bill Gates has another larger farm, nearly 200 hectares, purchased for $ 8.9 million in 2009. (Photo: Business Insider) In addition, Bill Gates also has many real estate investments through his personal company called Cascade. He owns a large stake in the Charles Hotel (Cambridge, Massachusetts). He also owns nearly half a stake in Four Season Holding’s hotel chain. (Image: Reuters) In 2013, Gates and a few people bought the Ritz-Carlton hotel in San Francisco for $ 161 million. In 2014, this property was valued at $ 200 million. (Image: Reuters)

Text｜Wang Yaqi

Edit | Ask

There are more and more ways to buy vegetables.

Grocery store owners, fruit stall owners and even the staff of the express delivery station, three steps one person five steps one shop, there are always acquaintances around you enthusiastically to Amway: enter my group, order online and buy food, you will be able to come to me tomorrow Here to get the goods.

In the fiercely competitive 1.0 stage, Internet giants entered the game, competing for speed. Grabbing group leaders, occupying outlets, carrying traffic and capital into the originally relatively closed community consumption scene, and when users have the first experience, the next stage, the focus of competition becomes the development of consumption habits, and it is better to use Efficiency and experience to meet demand.

As the “indigenous people” of the community, real estate companies with rich wealth do not want to let go of this fat, and want to get a piece of the pie.

Real estate company not willing to be robbed of business

Take the Hengyou Mini Program as an example. There are 9 sections of local specialties, meat, poultry and eggs, tea brewing, seasonal fruits, alcoholic beverages, cooked food, snacks, cereals and non-staple foods, and new products on the shelves, with approximately 270 SKUs. However, there are not many fresh products. Seasonal fruits, meat, poultry, eggs, milk, and cooked food add up to only 26 SKUs, accounting for less than 10%.

If the category is not vertical enough, then make up the span. It not only provides three meals a day, but also covers various application scenarios of household consumption. For example, Hengyouyou also has tourism products such as a five-day, four-night tour in Zhangjiajie, Hunan, and a four-day, three-night tour in Guilin. Biyouyou also sells small home appliances, rice cookers, mobile phones, data cables, and Baodeli’s selection as well as tissues and laundry detergent. , Masks and other daily necessities.

The prices of commodities are generally higher than those of Dodo and Meituan. In Duoduobuying, the price of 30 native eggs is 13.98 yuan. For newcomers, 4 fresh eggs per cent are the magic weapon for drainage. But in Biyou, the price of 30 eggs is 39.05 yuan.

This is easy to understand. The customers of real estate companies are mainly the owners. The selling of vegetables is ultimately for word-of-mouth services. The goods are cheap but the quality is average. What hurts the owners’ trust in the brand. In the past few years, real estate companies have been trying to put various labels on their brands to increase consumer awareness. The agricultural field, which represents the original ecology and healthy lifestyle, is a key direction of their exploration.

As early as 2012, Greentown Property had done vegetable sales through the cooperation of investment promotion and vegetable suppliers. Wanda directly built a 5,700 acres of organic agricultural park in Beijing, which was self-harvesting and self-selling, as well as agriculture developed by Vanke and China Resources. A characteristic town with unique agricultural, forestry, animal husbandry and fishery products. Country Garden has a wider range of business flows. In 2016, it launched the community store “Phoenix Optimal”, selling a variety of rice, grains and oils. At its peak, there were more than 1,300 stores across the country.

Looking at the financial reports of major property companies, in addition to property fees, the growth rate of community value-added service income is a highlight that all companies have emphasized when they publish their report cards. In 2020, Evergrande Real Estate achieved revenue of approximately 10.51 billion yuan, of which property management service income was approximately 6.322 billion yuan, a year-on-year increase of approximately 37.1%, and community value-added service income was approximately 1.264 billion yuan, a year-on-year increase of approximately 120.6%.

Small community group buying players who survive in the cracks

One question is, why didn’t the property management company choose to directly cooperate with major manufacturers such as Duoduo Mai Cai and Meituan Mai Cai? Take Yi Xiaoxian as an example. The property is responsible for building a new group in the community, and it is the leader of the group. All operations and delivery actions are completed by Yi Xiaoxian. The property only needs to connect with the owner and be a “delivery tool person”. The tool person can be the community security or property management.

The property does not need to allocate too much time and energy, and at the same time it can also have an advantage in income distribution.

Zhang Teng told “e-commerce online”, “Usually our product gross profit is around 20 points. All our sales are allocated to the property. Only 12 points of profit are taken, and the remaining 8 points are reserved for the property. The financial report of the property company is a dazzling GMV. When cooperating with major manufacturers, GMV is basically attributed to the platform. It is impossible to give the property, and the property can only receive a commission. We can even develop a small program for the property. The name of the program can still be XX property.”

On the one hand, it makes the financial report of the property company look better. On the other hand, the user’s resources can still be in the hands of the property. This is the key. At present, Yi Xiaoxian has entered more than 10 communities through the property owner and is expected to cover hundreds of communities in Changzhou by the end of the year.

Taking the 1,200-household Xiangyilanqiao community as an example, the first month’s sales are about 15,000 yuan, of which the customer conversion rate is about 30%, and the average monthly customer unit price is 42 yuan. An industry insider revealed to “E-commerce Online” that the top platforms such as Meituan and Duoduo are in Changzhou, and the average daily turnover of a community is about 20,000 yuan, and the mode of property cooperation is already close to this average value.

Where is the confidence of Baotuan PK Dachang

Zhang Teng described it as a “rigid flow.” At present, most of the group leaders selected by the platform are the owners of supermarkets and fruit shops around the community. These stalls are close enough, but users still need to take a detour to pick up the goods. The security guard of the property company is the head of the team, no matter who it is, you need to enter from the gate of the community, and you will get the goods when you enter.

The conversion rate of this kind of rigid traffic is very impressive. Pan Jun, chairman of the property’s first “Color Life”, revealed in an interview that their membership conversion rate is 7 times that of traditional community shops.

But in the long run, for real estate and property companies, this is more like a transitional strategy-the party that controls the flow must also want to hold the supply chain and operations in its hands, which means that there is no need to monetize the flow. The income is divided out again.

Favorites

Report

Finance Minister Ho Duc Phoc works with the General Department of Taxation. The period of 2021 – 2025 is expected to collect about 6,558,500 billion VND On the afternoon of April 23, the Ministry of Finance held a conference to report on the implementation of the task of State budget revenue management (state budget) held at the headquarters of the General Department of Taxation. Director General of the General Department of Taxation Cao Anh Tuan affirmed that the revenue structure of the tax sector is becoming more and more sustainable, with the increasing proportion of domestic revenue in the total state budget revenue (on average, in the five-year period 2011-2015, it accounts for 67 , 5% of total state budget revenue, by 2020, accounts for about 85.6% – the set target is 84-85%). Meanwhile, crude oil revenue accounts for a decreasing proportion, from 12.9% on average in 2011-2015 period to 3.6% on average in 2016-2020 period. In which, the average rate of mobilization of state budget revenue in 5 years in the 2016-2020 period will reach 25.2% of GDP (the target of 23.5% of GDP), of which mobilization from taxes and fees approximately meets the set target. 21% of GDP. Regarding the State budget revenue target for the period 2021-2025 mentioned in the draft Financial Strategy for the period of 2021-2030, which is being submitted to the Ministry of Finance’s leaders for approval, in which, the General Department of Taxation sets targets on state budget revenue for the period of 2021-2025. paragraphs 2021-2025 as follows: First, the average rate of mobilization into the state budget in the period 2021-2025 will reach about 15-16% of GDP, of which mobilization from taxes and fees is about 13-14% of GDP. Second, the proportion of domestic revenue in total state budget revenue by 2025 will reach over 85% of total state budget revenue. Third, the proportion of crude oil revenue by 2025 will decrease to 1.4% of the total state budget revenue. In which, the expected state budget revenue collected by the tax authority in the period 2021-2025 has been reported to the National Assembly at the 10th session, the 14th National Assembly is expected to be about 6,558,500 billion VND, including: Crude oil revenue. VND 108,200 billion; Domestic revenue was VND 6,450,300 billion, of which, revenue excluding land use fees, dividends & profits, lottery, and the difference between State Bank revenues and expenditures was VND 5,311,600 billion. In addition, it is expected that the 5-year 2021-2025 collection to update the 5-year financial plan 2021-2025 has been coordinated by the General Department of Taxation and functional units to submit to the Ministry of Finance for updating the 5-year financial plan. 2021-2025. Accordingly, the estimated total state budget revenue managed by tax authorities in the five years period 2021-2025 is about VND 6,844,700 billion, 1.2 times higher than that of the 2016-2020 period; 286,200 billion higher than the expected revenue in the five years from 2021-2025 to report to the 10th session of the National Assembly, XIV National Assembly (6,558,500 billion). In the field of tax administration reform, General Director of the General Department of Taxation Cao Anh Tuan affirmed that the Tax Department is determined to reduce the time to implement tax administrative procedures to strive to be one of the leading countries by 2025. Southeast Asia is ranked as having a tax advantage. In which, striving: The rate of electronic tax declaration procedures at level 3 and 4 reaches at least 95%; The rate of online public services at levels 3 and 4 integrated with national public service portals reaches at least 70%. Director General Cao Anh Tuan reported at the Conference. Consider the regulation rate according to the specific mechanism of Ho Chi Minh City Speaking at the conference, the Minister of Finance Ho Duc Phoc noted important results in the management of state budget revenues in recent years. According to the Minister, in 2020, although the socio-economic situation of the country still faces many difficulties due to the Covid-19 pandemic, but with the drastic direction of the Party, National Assembly, Government, Prime Minister The Government and the entire Finance sector in general have made great efforts to fulfill their assigned political tasks. The Minister asked the leaders of the units under the Ministry of Finance to focus on leading, directing and meeting the task requirements in the new situation. In particular, it is necessary to regularly direct, review and evaluate cadres, civil servants and public employees as a basis for staff evaluation, ensuring good completion of assigned tasks. Minister Ho Duc Phoc requested the Tax Policy Department (Ministry of Finance) to preside over and coordinate with the General Department of Taxation and the General Department of Customs to advise early on the regulation rate according to the specific mechanism of Ho Chi Minh City, in order to avoid the improper application in the implementation process makes it difficult for the state budget management. The Minister noted that in the coming time, the taxation sector needs to focus on completing the estimate, this is the most important task, focusing on building and completing tax legislation, and strengthening the management of objects to combat revenue loss, especially in the fields of potential sectors such as electronic transactions, cross-border transactions, real estate, transfer pricing, transfer transactions. Tax Departments need to link with the land registration office; coordinating with banks to combat money laundering; Residential data connection; enhance propagation and settlement of complaints for taxpayers … In the field of tax consultancy, it is necessary to review and sum up and evaluate the effectiveness of tax agents. In particular, it is necessary to organize training and management organization in accordance with regulations. For the management of state budget revenues, the Minister suggested that the Taxation branch should strengthen the implementation of electronic taxation; expanding objects of electronic tax declaration; coordinating with authorities to determine financial obligations; Need to build big data about taxpayers and apply artificial intelligence in revenue control and build an electronic invoice database through which to promptly identify and handle incorrect invoices to promptly handle them. wrong issues. In addition, it is necessary to focus on researching and developing decrees and circulars on the implementation of e-invoices, proactively implementing appropriate tax and fee solutions to contribute to solving difficulties and supporting businesses. citizen. For tax data storage, it is necessary to continue to upgrade and modernize the server system, ensure the server operates 24/24 and have security and backup systems. At the same time, strengthen tax inspection and examination based on analysis of risk assessment data; strengthening professional capacity, inspecting and strictly enforcing violations and violations of the law; Promote international cooperation to combat tax evasion, create conditions to attract investment. Minister of Finance Ho Duc Phoc especially emphasized: “Promoting the tradition of construction and development, I hope that all units in the entire Finance sector continue to strengthen discipline, solidarity, creativity, and vigorously emulation for a comprehensive victory, exceeding the financial – budget targets and tasks, determined to strive to fulfill well the tasks assigned by the Party and State “.

Recently, a screenshot entitled “Suspension of Internet celebrities’ attention to real estate and related personnel business input” has been circulated in the Shenzhen real estate agency circle.

The screenshots show that the recent supervision risk of Shenzhen Housing Management for real estate speculation is too high. The business of 17 “Shenzhen Housing Management” related personnel and 13 related real estate businesses have been suspended, and these real estates are the previous Internet celebrity real estate in Shenzhen.

According to people familiar with the matter, the notified banks, guarantee companies, and intermediaries have all been notified that the government has listed the above-mentioned properties as key responsible properties, and China Merchants Bank and China Construction Bank have suspended accepting any loans for the above-mentioned properties.

Net celebrity disc changed to kill pig disc?

Shenzhen Housing Management member was borrowed by the bank

According to people familiar with the matter, Noord Holiday Garden, Kaisa Qianhai Plaza, and Zhonghai Sunshine Rose Garden are the hardest hit areas of the Shenzhen Housing Management’s hype. The owners will resell them within two years after they bought it. For example, Noord Holiday Garden has risen to 160,000 square meters and Zhonghai Sunshine Rose. The park rose to 130,000 per square meter, and Kaisa’s Qianhai Square rose to 140,000 per square meter. “As long as the owners have bought these properties since 2019, the banks will not accept any loans, and they must strictly investigate the source of the owners’ down payment funds.”

The above incident coincides with the bank’s loan to Shenzhen Housing Management members a week ago.

On April 8th, according to the Nanfang Daily report, ICBC’s internal documents showed that ICBC required internal inspections on whether branch employees had business cooperation with “Shenfang Li”; and for the release after January 1, 2020, the collateral was ” A comprehensive investigation was carried out on the business of five real estates including “Noord Holiday”, “Kaisa Qianhai Plaza”, “Zhonghai Sunshine Rose Garden”, “Ming (Ming) Zhuli Garden”, and “Qianhai Times Square” (with a list of real estates).

According to reports, some members of the “Shenzhen Housing Management” real estate speculators have been “taken out” by the bank, which means they have received their loans early.

According to people familiar with the matter, the loaned property was sold at Noord Holiday Garden in May 2020 for 6.38 million, and the buyer borrowed 4.46 million from the bank.

In addition, a number of “Shenzhen Housing Management” cradle members were drawn out. Some were notified (required to settle their loans in advance), some business loans were investigated, and some were investigated for unidentified sources of down payment.

Once tens of millions of houses are borrowed, the speculators will inevitably face multiple problems such as the break of the capital chain. Even if it is now listed for sale, for the second-hand housing market after the Shenzhen New Deal, the threshold for getting on the car has become higher, and the loan review has become stricter, leaving many hard-need customers feeling helpless.

Without the taker, the Internet celebrity plate has become a killer plate, and the speculators have increased the price of the house, and they have also locked themselves in.

102 copies of Shenzhen real estate materials exposed

In early April, a user named “Shenfangli Decoration Team 003” caused an uproar. On its Weibo, 102 copies of materials for real estate speculation by members of the Shenzhen Real Estate Co., Ltd. broke out, and said on April 7, “The materials have been directly submitted to the staff of the Banking and Insurance Regulatory Commission. You have worked hard.”

@深房理装饰队003 A Weibo on April 2 pointed out that Weibo user @美妈陈小泉 applied for a personal business loan of 3.85 million yuan for real estate speculation on September 18, 2019. “There are more loans under his name that are also used for real estate speculation. If you need more detailed information, please contact me by private letter. Please check carefully.”

On April 4, @深房理装饰队003 even exposed 102 copies of real estate speculation materials in one fell swoop. He wrote “102 copies of materials for real estate speculation by members of the Cradle of Shenfang Management Partnership” and attached a long picture.

It is reported that most of the contents of the long map are purchase information, mostly in the first half of last year, with the purpose of “recruiting shareholders on behalf of the holders.” In addition, Chang Tuhai mentioned many second-hand housing communities and districts in Shenzhen that had been “hyped” before, such as Qianhai Times and Baoan Central District.

Seven departments including the Shenzhen Municipal Bureau of Housing and Urban-rural Development

Investigate and dispose of the reported matter

On April 8, the Shenzhen Municipal Bureau of Housing and Urban-Rural Development and other seven departments issued a notice on the investigation and handling of reports involving “Shenzhen Housing Management”, stating that recently, some netizens reported that “Shenzhen Housing Management” violated laws and regulations in real estate speculation. In order to implement relevant national laws and regulations and effectively maintain the order of Shenzhen’s real estate market and financial management, the relevant departments have launched a joint investigation into the suspected violations of laws and regulations by the “Shenzhen Real Estate Management”:

Which mentioned,

1. Regarding the “in-depth housing theory” reported and instigated by the real estate speculators to defraud the qualifications of buying houses by falsifying, concealing the true situation, or providing false certification materials, once verified, the relevant parties will be included in the list of dishonesty and be subject to joint punishment. The housing construction department will take measures in accordance with the law to stop using the “House Purchase Intention Registration System” and the contract online signing system, stop buying or renting affordable housing, and stop eligibility for provident fund loans.

2. Regarding the “Shenzhen Real Estate Management” reported in the report in the name of joint venture capital, crowdfunding, etc., to raise funds from unspecified objects for the purchase of houses and promise to return the proceeds, suspected of illegal fund-raising, the handling of the illegal fund-raising department will work with the competent authorities of the industry, The supervisory department will investigate and dispose of it in accordance with the law.

3. Regarding the report reflected that “Shenzhen Real Estate Management” provides “one-stop” services to instigate and assist borrowers to defraud credit funds for illegal use of housing purchases, the financial regulatory authorities will include the “joint investigation action to prevent illegal flow of loans for business purposes into the real estate field” as a guide Check the key clues. Once verified, the financial institution will withdraw the loan in advance in accordance with the law and the contract, and severely penalize the financial institution and its employees who fail to perform their duties in accordance with the law. The housing construction department will investigate and deal with intermediaries that assist borrowers in illegally arranging credit funds, and financial institutions will not be allowed to cooperate.

4. The market supervision department will investigate and deal with the suspected false advertising behaviors of “Shen Fang Li” discovered in the law enforcement inspection in accordance with the “Advertising Law” and other laws and regulations. Currently, the case is under investigation and processing.

5. As for the “Shen Fang Li” publishing false and untrue information through its public accounts and chat groups, once verified, the cyberspace administration will take punishment measures such as suspending relevant account services or shutting down relevant accounts in accordance with laws and regulations.

6. The suspected criminal clues discovered during the investigation will be transferred to the public security organs for handling in accordance with the law.

   Relevant investigation and processing results will be announced to the public as soon as possible.

   Shen Fang Li denies exposing materials

   Issued death threats to the whistleblower

   On the night of the official announcement, a person familiar with the matter broke the news that Shenfangli and its group friends urgently disbanded the “Shenfangli V+ member group” and asked members to delete chat records and his WeChat.

   At the same time, Shenfangli stated on Weibo that regarding the content that has not been circulating recently on the Internet, the application has been filed through a lawyer. And put it on the top, and the latest update of Shenzhen Housing Management stayed on April 13th.

   

   In addition, on the morning of the 15th, a netizen named “Pengcheng Shekou” published a ten-thousand-word essay, reporting to Shen Fangli with his real name and threatening him and the reporter @深房理装饰队003 with death.

   

   According to Pengcheng Shekou Weibo article, he is considered by Shenfangli to be the actual holder of Weibo account @深房理装饰队003. Therefore, Shen Fangli set up a WeChat group in December 2012 to let his cradle members threaten him, and received death threats yesterday.

   

   Just now, the blogger said that Shenzhen Public Security has contacted him and will investigate this.

   

   At present, the “Shenfang Li” related investigations are still being processed, and the results are awaiting official announcement.

Produced | Sohu Think Tank

Edit | Yuan Changyou

Xiao Gang, a member of the National Committee of the Chinese People’s Political Consultative Conference and former chairman of the China Securities Regulatory Commission, recently stated in the “National Wealth Lecture Hall” program that in the future, the proportion of financial assets in residents’ wealth will become higher and higher, and the capital market should become a carrier of wealth appreciation.

Xiao Gang said that in the past we mainly relied on indirect financing and used bank leverage to mobilize savings to support technological innovation and manufacturing investment. However, in the historical stage of building an innovative country, the development of direct financing, especially equity financing, has become an inevitable trend. The next step in the reform of the financial market should focus on expanding the role of direct financing, especially equity financing, in supporting technological innovation and industrial transformation and upgrading.

“Science and technology innovation requires a large scale of investment, a long investment cycle, and high investment risk. Many innovations ultimately fail. In this case, the use of bank credit may put a heavy burden on innovation entities. Bank borrowing is corporate debt and needs to repay the principal and interest, which will inhibit the enthusiasm of innovation entities. Direct financing, especially equity financing, fits the characteristics of innovation well.”

The development of the equity investment market requires reforms in many aspects. First of all, Xiao Gang said that many private equity investment funds currently invest in mid- to late-stage projects, while technological innovation often requires strong support for early-stage projects, which requires more long-term and patient capital. Therefore, it is necessary to introduce more incentive policies to attract capital investment in early-stage, technological projects to promote technological innovation.

Second, he said that the current comprehensive reform of the exchange market has achieved obvious results, but further reforms are needed to expand the proportion of equity financing. For example, the NEEQ has achieved initial results in last year’s reforms. It mainly serves private and innovative small and medium-sized enterprises. The development potential after the reform is worth looking forward to.

Regarding the over-the-counter trading and over-the-counter markets of securities companies, Xiao Gang emphasized that in the past we paid more attention to on-exchange and standardized trading, but in fact, there are over-the-counter markets that need to be standardized. “In the past, there were many problems in the OTC market, such as non-standardization, information asymmetry and opacity, lack of trust mechanisms, etc. However, with the help of financial technology, such as blockchain, big data, artificial intelligence and other technologies, it was combined with OTC transactions. It may make up for the shortcomings in the over-the-counter market in the past.”

Xiao Gang believes that the current share of financial assets in residents’ wealth is still low. With the reform and development of the equity investment market, the proportion of financial assets in the wealth of residents will become higher and higher in the future, and there will be a trend of “financialization of wealth”. Resident assets will no longer consist of real estate, but will have more financial instruments. In the future, the capital market should provide richer products and become a carrier for the appreciation of residents’ wealth, so that investors can obtain more property income.

[Sohu Think Tank: Gather the wisdom of scholars and entrepreneurs to get the pulse of economic trends. If you are interested in contributing or contacting on-site reports, interviews, and program cooperation matters, please send an email to zhikucaijing@sohu.com]

In order to give full play to the role of public opinion supervision, deter illegal advertising behavior, enhance consumers’ awareness of preventing false and illegal advertising, guide market entities to operate in good faith and law-abiding, and create a fair competition and clean advertising market environment, in accordance with the “Advertising Law of the People’s Republic of China” In addition to relevant laws and regulations, the Guangzhou Municipal Market Supervision Bureau has now announced the first batch (15) of typical cases of false and illegal advertisements in 2021.

Among them, Guangzhou Dongling Real Estate Development Co., Ltd. issued a false and illegal real estate advertisement case showing that the parties involved in the sale of “Gemdale·Xiangshan Lake” real estate, published advertisements through WeChat public accounts, project sand tables, publicity boards, and remodeled model houses. It contains “20 minutes to Guangzhou Baiyun Airport,…30 minutes to Guangzhou Tianhe and other centers, 20 minutes from the project to Tianhe… 30 minutes to Tianhe on the highway…”, “Natural oxygen bar with 80% vegetation coverage, It releases up to 12,000 negative oxygen ions per cm3 per day, which is 10 times the content of negative oxygen ions in the urban area of ​​Guangzhou…”, “The practical space is up to five floors, buy three floors and get two floors”, which violates the “People’s Republic of China” The provisions of Article 4, Article 26, and Article 28 of the Advertising Law constitute an act of publishing false and illegal real estate advertisements.

In accordance with Article 55 and Article 58 of the Advertising Law of the People’s Republic of China, the Market Supervision Bureau of Zengcheng District of Guangzhou City imposed administrative penalties on him, ordered to stop publishing illegal advertisements, eliminate the impact within the corresponding scope, and punish them 920,000 yuan.

According to the Tianyancha APP, the largest shareholder of Guangzhou Dongling Real Estate Development Co., Ltd. is Gemdale (Group) Co., Ltd. (“Gemdale Group”, 600383.SH), and Gemdale Group directly holds 80% of the shares, totaling 98.90 shares. %.

According to the official website of Gemdale Group, Gemdale Group was founded in Shenzhen, China in 1988 and listed on the Shanghai Stock Exchange in 2001 (600383.SH). After decades of exploration and practice, it has now developed into a real estate development-based business and related diversified businesses. A comprehensive listed company with comprehensive development. Business covers real estate development, commercial real estate and industrial park development and operation, real estate finance, property services, sports industry operations, home improvement industry, agent construction industry, education industry, etc. The business scope is oriented at home and abroad, covering more than 120 large and medium-sized cities in China and 8 different cities and regions on the east and west coasts of the United States.

Gemdale Group’s 2019 annual report shows that Guangzhou Dongling Real Estate Development Co., Ltd. is its wholly-owned subsidiary, and Gemdale Group holds 80% directly and 20% indirectly.

On March 30, Hongyang Real Estate (01996.HK) held an online performance conference as scheduled. Board Chairman Zeng Huansha led Executive Director and President Yuan Chun, Executive Director and Vice President Lei Weibin, and Chief Financial Officer Shen Guangping To attend a meeting. However, compared with previous years, there are fewer familiar faces on the podium.

On the day of the performance meeting, Hongyang Real Estate was exposed to the news of layoffs of 30%: the resignation of senior executives in multiple business lines, causing shocks in multiple departments; multiple departments need to determine the optimization list and complete the process before March 31. And the main reason for the layoffs is that Hongyang has reduced costs and increased efficiency due to lack of profitability.

The “Daily Business News” reporter verified this with Hongyang Real Estate, and the other party denied the rumors of layoffs.

Hongyang Real Estate delivered a relatively dazzling performance in 2020: revenue increased by about 32.9% year-on-year, gross profit increased by about 18.2% year-on-year, net profit increased by 13.4% year-on-year, and net profit attributable to parent increased by 13.2% year-on-year. In addition, contracted sales increased by 32.8% year-on-year, continuing to hit a record high.

However, Hongyang Real Estate’s gross profit margin has dropped by about 2.7 percentage points from 2019, and its net profit margin has also dropped to 9.2% from 10.78% in 2019. The reporter’s inquiry found that the two project indicators of Hongyang Real Estate’s gross profit margin and net profit margin have fallen for 4 consecutive years.

Yuan Chun also said at the performance meeting that in the future, it will be more necessary to practice internal skills to improve the profitability of Hongyang Real Estate.

“Hundred Billion” plan stranded

But there are many hidden worries behind the seemingly dazzling performance.

In 2017, Zeng Huansha set a “three-year 100 billion” plan, but at the end of 2020, the sales rating was 86.5 billion yuan, which is still quite far from the “100 billion” target.

Among them, the Yangtze River Delta contributed 80% of Hongyang’s sales, and Jiangsu’s sales alone reached 45.9 billion yuan. From the perspective of city level and energy level, the sales of new first-tier and second-tier cities accounted for 82.5%, which also led to the year-on-year increase in the average sales price of Hongyang (an increase of 10% to 14,622 yuan/square meter).

Perhaps because the sales growth in 2020 is not as good as expected, the management did not take the initiative to mention the sales target for 2021. If calculated on the basis of Hongyang Real Estate’s sales of 140 billion yuan in 2021 and the industry’s average sale rate of 60%, Hongyang Real Estate’s sales may reach 84 billion yuan.

But the premise is that it is necessary to guarantee the contracted payment return rate of 88% and above. Once the return rate drops, the current sales value that can be carried forward will also decrease, and Hongyang Real Estate may face the embarrassment of a decline in sales.

With a compound growth rate of 30% in the past three years, Hongyang has still failed to enter the “100 billion” threshold. However, at the performance meeting, the management of Hongyang Real Estate seemed to have changed their views on scale development.

“Under the background of the return of profitability and scale in the real estate industry, profitability is the foundation for the survival of the company.” Yuan Chun said at the performance meeting that for the current Hongyang, scale is not the first. A certain scale is necessary, but in the face of the current industry structure, there is no profit, and no matter how big the company is, it does not make sense.

4 consecutive declines in gross profit margin and net profit margin

It is true that profit is the core meaning of an enterprise, and this is also the biggest problem facing Hongyang Real Estate.

A reporter from the “Daily Economic News” found that the gross profit margin of Hongyang Real Estate from 2017 to 2020 was 40.58%, 31.25%, 25.14%, and 22.36%, which had declined for 4 consecutive years; the net profit margin was 19.47%, 14.32%, and 10.78, respectively. %, 9.2%, have fallen to single digits in 2020, and are far lower than the average net interest rate of 14.29% of the 50 typical listed real estate companies in 2019.

An industry insider who did not want to be named told the “Daily Economic News” reporter that the core problem facing Hongyang is that it has expanded rapidly in the past three years and has taken a lot of high-cost land. On the one hand, it has expanded its leverage and made great strides in order to add new goods. Value sacrifices profits, leading to low core profits carried forward in the report.

Looking back, it can be seen that Hongyang Real Estate began to expand in 2018. At that time, the changes in the policy of limiting land prices and housing prices have already appeared. The speed of real estate sales has slowed down, coupled with the increase in financial costs, which further swallowed profits.

“After 2020, under the new “three red lines” financing regulations, real estate companies need to lower their leverage in a short period of time to avoid continued business deterioration. For Hongyang Real Estate, it is even more necessary to reduce the pressure because its debt scale and leverage have already been used. Close to the extreme.” The above-mentioned industry insider said.

Delay in business

Commercial is regarded by many real estate companies as a means to boost profits, and Hongyang has also vigorously proposed a “commercial round”, and Hongyang Real Estate, which was born in a commercial store, seems to have such genes.

But the reality is that Hongyang’s reliance on residential development business has never been reduced. The annual report shows that in 2020, the operating income of Hongyang Real Estate is 20.159 billion yuan, of which 19.616 billion yuan for real estate development, accounting for more than 97%.

In fact, as early as the 2019 performance meeting, the management of Hongyang also specifically mentioned the business plan. However, in the 2020 performance meeting, there has been almost no mention of the part of heavy-asset commercial real estate.

“The main reason for the fading out of business is the low quality of operation.” A person familiar with the matter told the “Daily Business News” to tell reporters that the reason for Hongyang’s business is inseparable from the linkage with housing to obtain land. The actual operation quality of Hongyang Plaza, Home Furnishing Expo Center and other businesses is not high.

“For a business to operate well, it must first have a strong brand and strong enough IP to have the capital to hook up. Hongyang wants to learn from Xincheng, Wanda and Red Star Macalline, but it has not been in place. On the one hand, it is because its own cash flow is not enough. Sufficient, and the financing cost is not low enough. On the one hand, the brand premium and product standardization are not enough to gain a foothold in cities with strong competitors.” The above-mentioned insiders bluntly said that it is already very difficult for ordinary enterprises to obtain land by business, and Hongyang does not dare to do so. Shen does not have much advantage in the face of powerful opponents in second- and third-tier cities.

Therefore, there is only one way for Hongyang Real Estate: sinking and deep ploughing. Hongyang is also aware of this problem. At the performance meeting, Zeng Huansha positioned its development strategy in 2021 as “to expand Jiangsu, cultivate the metropolitan area, and strengthen the central city”.

Focus on quality growth in the future

In-depth cultivation and thoroughness test the company’s refined management capabilities. This is the weakness of Hongyang, which relies on high turnover and high leverage.

Zhang Bo, Dean of 58 Anju Guest House Property Research Institute, told the reporter of “Daily Economic News” that the logic of scale is no longer feasible. Real estate companies must reduce their debts and adjust their balance sheets. They must change their thinking and refine operations. This is an inevitable choice.

But back to the manufacturing logic, the refined management of small real estate companies, that is, reducing costs and increasing efficiency is difficult to increase significantly in a short time. Because real estate is not a technology industry, and real estate companies don’t have much technology investment, they can only work hard on “cost reduction”.

“Hongyang announced the news of 30% layoffs on the day of the performance meeting. I don’t think it is surprising that reducing costs will inevitably lead to layoffs and cost control actions.” Zhang Bo said bluntly, relying on this “hard landing” method to reduce costs, trying to reduce costs. Increasing revenue is not long-term.

The reporter noted that since the end of last year, Hongyang executives have changed frequently. Executive President Zhang Liang, President Jiang Daqiang, and General Manager Han Cunlei of the Capital Management Center have left one after another.

In Zhang Bo’s view, Hongyang Real Estate should change its investment thinking. It should not only guard the second and third tier cities. The sinking may also force some goods-to-land ratios and profits. At the same time, it must also strengthen land acquisition and mergers and acquisitions. In addition to the main business, opportunistic investments must also be made to ensure profitability. In addition, focusing on one’s own waterway, making premiums and differentiation in products, these are the long-term solutions and are also the top priority of Hongyang.

Yuan Chun also said at the performance meeting, “Hongyang has entered the stage of the top 50 in the industry, and quality growth is more important in the future. Next, we will focus on core competitiveness and steady and quality growth.”

Daily economic news

In the current layout of semiconductor companies in my country, SMIC is undoubtedly the leader and the most advanced company in domestic chip foundries. It has successfully mastered the production technology of 14nm chips and has begun to launch an offensive horn to 7nm. As for the achievements of SMIC, Liang Mengsong played a key role in it. It can even be said that without Liang Mengsong, there would be no SMIC today. However, it was such a leader in chip manufacturing and R&D who submitted his resignation to the SMIC Board of Directors at the end of 2020, which aroused widespread domestic discussion.

Liang Mengsong has worked for TSMC and Samsung, two companies with the world’s top chip manufacturing technology, and has made significant contributions during his tenure. In 2017, Liang Mengsong formally joined SMIC, served as its co-CEO, and became a director. While the precarious SMIC was respite, it also ushered in a major change. During Liang Mengsong’s tenure, he led SMIC to successfully achieve the five-generation leap. It took 300 days to upgrade SMIC from 28nm process level to 14nm process level, which enabled SMIC to secure its position as the most advanced chip foundry in China. Currently the only domestic chip foundry that has achieved 14nm mass production. However, why is such a powerful person in the field of chip manufacturing suddenly submitting his resignation? In this regard, the outside world has mainly speculated on three points.

One is because of the controversy over SMIC’s future development route

Liang Mengsong adheres to the advanced process technology route, and believes that SMIC should launch into 7nm and higher-level processes, and strive to catch up with the R&D and production steps of TSMC and Samsung, making SMIC a real breakthrough in technology. However, the new leader Jiang Shangyi believes that SMIC should adopt packaging technology and chiplet technology, and strive to make breakthroughs in these two areas to make SMIC gain more profits. In this environment, Liang Mengsong submitted his resignation.

The second is because of the checks and balances of power, or Liang Mengsong did not get the corresponding respect

As the company’s co-CEO, the company’s major personnel changes should be known long in advance. However, Liang Mengsong was not informed of the news until a few days before Jiang Shangyi took office, which made Liang Mengsong extremely unbalanced. Of course, Jiang Shangyi and Liang Mengsong had had grievances before, which further aggravated Liang Mengsong’s dissatisfaction and submitted his resignation.

The third is because of the internal power struggle of SMIC

Before Liang Mengsong joined SMIC, SMIC was in a state of disarray, with all parties competing with each other and no control. This is mainly because Zhang Rujing introduced capital from the United States, Singapore, China and other countries when he was founded. Under the leadership of Liang Mengsong, SMIC has made continuous breakthroughs in technology, and naturally some capital is not happy.

Although Liang Mengsong submitted his resignation to SMIC, he did not get a reply immediately. On the contrary, now it has been satisfactorily resolved, making SMIC a promising future. After the resignation storm, Liang Mengsong continued to serve as the co-CEO of SMIC, and achieved tremendous improvements in all aspects such as salary. Liang Mengsong’s resignation storm has come to an end! SMIC has laid down its capital and its salary has quadrupled. It is reported that Liang Mengsong’s annual salary has risen from US$340,000 to US$1.53 million, which has quadrupled, and he has obtained a house worth about 22.5 million yuan. It is not difficult to see from this that SMIC has indeed made a bloody effort in order to retain Liang Mengsong.

With a four-fold increase in salary and a delivery of properties worth 22.5 million, Liang Mengsong’s resignation finally ended. In this ending, some people might think that Liang Mengsong is just for the money? In fact, personally feel that whether it is or not, this is human instinct, even if it is the original intention of Liang Mengsong’s resignation, there is nothing wrong with it. From the perspective of Liang Mengsong’s contribution to SMIC, he can fully accept such treatment. Not to mention that Liang Mengsong almost donated his income from SMIC to Chinese charity.

After Liang Mengsong’s resignation storm ended successfully, SMIC was once again on the right track of research and development. It is reported that SMIC will conduct trial production of 7nm process chips in April this year, which is undoubtedly a huge piece of good news for the Chinese semiconductor industry. Once it succeeds, it shows that my country has successfully entered the high-end chip manufacturing process industry and solved the worries of many technology companies.

In fact, it should be expected that Liang Mengsong will stay at SMIC in the end. Liang Mengsong’s contribution to SMIC is indelible, and it also proves that Liang Mengsong’s key to SMIC’s future development. For such an outstanding semiconductor scientific research talent, SMIC will naturally not let Liang Mengsong go away at the critical moment of the national semiconductor industry and the shortage of related talents. And even if Liang Mengsong resigns from SMIC, with his own level, he can enter other major scientific research companies such as Huawei HiSilicon, continue to lead China’s semiconductor industry to prominence and shine in scientific research.

Illustration

According to TS. Phan Huu Thang, Vice Chairman of Vietnam Real Estate Association, industrial real estate is a bright spot in the coming time. The number of 326 industrial parks, thousands of hectares of industrial land in our country has been attracting great attention to foreign businesses.

“In the coming time, real estate investors may pay attention to this market”, Mr. Phan Huu Thang emphasized.

Actual developments in the market and a survey by the Vietnam Real Estate Brokerage Association show that the current average occupancy rate in industrial zones is over 70%; Average factory rent across the country ranges from 60,000 to 80,000 VND / m2 and the price of land in industrial zones with infrastructure ranges from 3-5 million VND / m2 and may continue to increase in the near future.

In the first quarter of 2021, the industrial real estate market was very active in a number of localities with great potentials and strengths in industrial development, including Long An, Dong Nai, Binh Duong, Binh Dinh, Thanh Hoa, Quang Ninh, Hai Duong, Bac Giang …

Along with that, most of the provinces and cities capable of industrial development are very interested in proposing the development of new industrial zones, and at the same time have specific mechanisms and policies to attract investors, especially foreign enterprises investing in these industrial zones.

In the context that Vietnam successfully prevented the COVID-19 epidemic and positive results in economic development, experts in the real estate sector forecast that in 2021, the shift of production and installation of orders. goods from outside areas continue to shift to Vietnam will be a ‘push’ to increase the demand for industrial real estate in the country.

Accordingly, many new industrial zones will continue to participate in the Vietnamese industrial real estate market and there will be many new projects to develop infrastructure of industrial parks approved. Many logistics projects serving industrial zones will also be promoted.

However, real estate experts also warn localities to carefully calculate in the new industrial park project, to avoid falling into the risk of redundant crisis as happened to some localities. Phuong.

Not believing what Ji Ah said but strange events kept clinging to In Beom. Having not resolved the mind of the injustice, he cannot escape the loop being dragged unconsciously. Although she temporarily believed in the existence of demons, In Beom still refused to be Ji Ah’s assistant out of fear.

Ji Ah and In Beom continued to clash in the unjust case of the young dead painter. He just set up a fake trap to make money, but it coincidentally coincides with the case she is solving. Thanks to physical contact with each other, Ji Ah felt the magic aura in his body.

In beom is a destiny person who can help Ji Ah escape from her mother. She offered to cooperate and conduct spiritual testing. However, the connection between her mother and his biological uncle is too mysterious, making the incarnation problematic. In Beom woke up with a portion of his memory unjustly.

The mystery of the death of Ji Ah’s mother and her uncle causes In Beom to make a reckless long-term cooperation decision. How will this risky business turn out to be?

Look forward to the next episode of Real estate exorcism on Wednesdays – Every year on KBS2 and to be updated at SAOstar.

The process of geological tectonics and volcanic lava over millions of years has created amazing “rare and difficult to find” topography, geomorphology and natural scenery for Phu Yen land with a series of lagoons, bays, rocky rapids. along the coast, such as Xuan Dai bay, Vung Ro bay, Vung Lam, Cu Mong lagoon, O Loan lagoon, Da Disc ganh, Den Den, Mui Dien, Van Hoa plateau …

Along with that are beautiful beaches such as Bang beach, Bau beach, Nom beach, Thung beach, Tu Nham beach, Mai Nha island, Ong Xa Island, Nhat Tu Son, Yen island, Chua island, Nua island …

The “rare and difficult to find” geological structure creates an attractive landscape for tourists

There are also unique historical, architectural, and religious works such as Lang Lang Church, Nhan Tower, White Stone Pagoda, An Tho Citadel, Mr. Cop Bridge, Tam Giang Dam … In addition, in Phu Yen There are also many special festivals such as Tam Giang River Festival, Cau Ngu Festival … Can deploy a variety of tourism products such as marine tourism, discovery tourism, experience tourism, travel. culture, community tourism …

Phu Yen also has a strategic trade position connecting the South Central Coast with the Central Highlands region and is the focal point of the North – South road, sea and railway routes. Phu Yen currently has deep-water seaports with a capacity of 100,000 tons that can enter and exit, railway stations North – South and Tuy Hoa International Airport are being upgraded to capacity of 5 million passengers / year.

With the above strategic location, Phu Yen is a suitable place to develop tourism products “one journey – many destinations” or “one trip – many experiences” …

The appearance of the luxury resort real estate project contributes to raising the position of Phu Yen on the world tourism map

According to economic expert Tran Dinh Thien, in order to create a “kick” to raise the level of local tourism, Phu Yen must have a breakthrough development in tourism infrastructure, especially quality hotels and accommodation. high.

This locality needs to have more large-scale, 5-6-star international tourist sites that are recognized by the area invested, managed and operated by large tourism corporations and brands. focus on upgrading Tuy Hoa international airport to expand international routes, welcome more flights to bring tourists from abroad.

Types of tourism services, commercial centers, shopping, performing arts, outdoor sports, beach sports … also need to be invested in to create an exciting atmosphere for resorts. schedule, stimulate spending and retain visitors.

Change the appearance of Phu Yen tourism

In recent years, large real estate groups at home and abroad are “landing” in Phu Yen with a series of large-scale projects, synchronous and modern planning with a total investment of up to tens of thousands of billion VND. .

Representatives of Everland Group said that this enterprise will synchronously deploy two real estate projects, Xuan Dai Bay Resort Complex and Crystal Holidays Marina Phu Yen in the area of ​​Xuan Dai ward, Song Cau town. Phu Yen province.

These are 2 projects of 5-6 star international standard resort tourism with a scale of 24.36ha, total investment capital of nearly VND 2,200 billion, located in the urban tourism and service population of more than 500 ha in the south. Song Cau town, Phu Yen province.

Overall perspective of 2 5 – 6 star resort real estate projects in Song Cau town in Phu Yen

Located adjacent to National Highway 1A, section passing Song Cau Town, stretching along the mouth of Xuan Dai Bay and Ong Xa Islet, Xuan Dai Bay project and Crystal Holidays Marina Phu Yen project form a unique tourist resort complex. including complexes of hotels, villas and resorts on the mountain, on the beach and on the island (Ong Xa isle).

Perspective project Xuan Dai Bay announced by EverLand Group

The beach complex includes a complex of resorts, shopping, and entertainment projects designed in Mediterranean architecture style with indigenous cultural elements including clusters of sea-facing villas, lakeside villas. interspersed under coconut palms and tropical gardens are highlighted by a 5-star 25-storey hotel, stylized in the shape of a Peacock boat mooring in Vung Lam.

This is also the highest 5-star hotel on Cau River with 500 rooms, sea view, admiring the whole landscape of Xuan Dai Bay national beauty and Vung Lam relics.

Perspective island of Santorini with international class 6-star tourist population

According to the representative of Everland Group, the implementation progress of the two projects above is 36 months when completed on schedule, will provide many international standard 5 – 6 star hotel rooms and high quality resort villas. with closed services and utilities.

On April 16, the first Pinqi Real Estate Conference was held in the China Ship Pavilion at the Shanghai World Expo. At the meeting, the world’s first operational property digital asset management platform-iREAM system was officially released.

On April 16, the world’s first operational property digital asset management platform-iREAM system was officially released.

It is reported that iREAM uses blockchain, AI and other digital technologies to connect real estate investment, transformation, investment promotion, and operation, to create information transparency and build a new integrated platform for commercial property management. Each user can conduct property investment and operation management on the online platform anytime, anywhere.

At present, China’s real estate has entered the “stock era”, and many real estate developers are actively exploring the real estate stock. Available real estate is in the ascendant, and the industry is facing many pain points: the large transaction acquisition process is complex, real estate information is opaque; asset flows lack capital support; traditional businesses cannot keep up with the innovation of the times; front-end data collection is decoupled from practical applications and cannot meet the requirements of operational diversity… …For ordinary investors, investing in commercial real estate often has a high investment threshold, and it is difficult to identify the value of the project.

Under the epidemic, the outbreak of new demands and the emergence of new scenarios have been accelerated, which has promoted the transition of new service models in the real estate industry from offline to online, and promoted the digital development of work scenarios.

At the conference, Wang Qian, founder of Yufeng (Shanghai) Real Estate Co., Ltd. and iREAM digital real estate asset management platform; Li Chong, a professor in the Department of Electronic Engineering at Columbia University, explained how AI and other cutting-edge technologies can subvert the existing asset management value system, and for the first time Publicly introduce the iREAM asset management platform.

It is understood that iREAM applies digital technologies such as blockchain and AI to all aspects of real estate investment, renovation, investment promotion, and operation. Transaction and real estate data are on the chain to ensure the authenticity of real estate information; point-to-point services and transactions using smart contracts, decentralized communication; asset tokenization splits equity, small amounts can invest in commercial real estate; AI empowerment, intelligent recommendation of housing Source, service automation; VR remote experience real estate structure, open up the real estate information flow, capital chain, business flow, decentralized management, and change the traditional asset management model.

Since April 2020, the iREAM asset management platform has managed 9 real estate projects in the Shanghai and San Francisco Bay Areas, and its business covers all asset management links such as investment, renovation, investment promotion, and operation. In 2021, the team will use cutting-edge technologies such as blockchain, NFT, and AI to realize single-asset digital transactions, digital original certificates, dynamic pricing, smart contracts and other functions.

Currently, many companies in the real estate industry are actively transforming, and technology is one of the important directions. “Technology improves the efficiency of different aspects of real estate, changes the operational structure, and brings new increments,” said Wang Qian, the founder of iREAM. Today, in the digital age, exploring new models of asset management with technology will allow more investors to participate in commercial real estate investment and operation and maintenance.

(This article is from The Paper. For more original information, please download the “The Paper” APP)

Illustration.

As VnEconomy reportedAccording to the latest figures from the State Bank, in the first quarter of 2021, real estate credit has reached 1.85 million billion dong, up 3%. So this number has fully reflected and is the main reason why the real estate market is so hot today?

During the past 3 years, real estate investment credit has always been closely cared and controlled by the State Bank. Therefore, credit growth in this area tends to decrease. In 2020 alone, it will increase by only 11.89%, while the previous two years 2018 and 2019 will increase from 26-28%.

According to the operator’s representative, at the end of 2020 and the first quarter of 2021, real estate credit tends to inch up a bit. However, the growth rate is only equivalent to the overall credit growth of the whole country of 2.93%.

Credit for life has also reached nearly 1.87 million billion, up 1.2% compared to the beginning of the year. In particular, although it is difficult, it is also necessary to evaluate how much consumer credit is poured into real estate.

At the same time, compared to the same period in 2020 when the epidemic causes the real estate credit rate to increase by 1.84%, the above rate may be higher. But compared with the time of the first quarter of 2019 was 5.19% and the previous years, this rate is not higher, even much lower.

If you look at the above statistics, it can be seen that real estate credit is not the main cause of the current “land fever”.

However, when VnEconomy exchanged with an economist, he said that the above figure could not fully assess the credit flow flowing into real estate. Because, credit for life has also reached nearly 1.87 million billion, or 1.2% increase compared to the beginning of the year. In particular, although it is difficult, it is necessary to evaluate how much consumer credit is poured into real estate.

“When surveying a few projects that are selling land plots in the outskirts of Hanoi, I find that the buyers are mainly speculators, they not only buy 1 or 2 plots, but buy the whole range. In addition to existing out-of-pocket money, capital from the bank is indispensable. It is worth mentioning that they are allowed to borrow capital in the form of consumption, but with the amount of up to tens of billion dong, ”said the expert.

Besides, he also said that the real estate market is welcoming many new “players”. They are inherently participating in other industries, but due to the Covid-19 translation, their production and business have stalled. While real estate profit margin skyrocketed, so decided to change direction. In fact, just go online to search for the phrase “encroach on real estate” to be able to identify these new “players”.

“The capital accumulated for many years has been converted to real estate, while the capital for business operations is borrowed from the bank. Thus, this credit flow will be listed on production and business activities, not on real estate. The statistic is just the tip of the iceberg, ”said the expert.

The State Bank is asking credit institutions to inspect and strengthen supervision of regulations on real estate lending conditions, to ensure compliance with regulations, while being able to manage cash flow when loan.

That is an expert opinion, but on the part of the State Bank, Deputy Governor Dao Minh Tu said there are many reasons for the real estate market to overheat in recent years, such as rumors about planning information, the supply is limited while the demand is great, the land price list increases …

In addition, Mr. Tu also noted that real estate loans have two subjects, one is lending to the low-cost housing market segments, social houses or real estate with the nature of consumption. it is still guaranteed to serve the people well.

Second, real estate projects and high-end segments such as villas, resorts … with poor liquidity in the future will be revalued and strictly controlled.

“Real estate credit status higher than overall credit growth only appears in a few credit institutions and mainly focuses on the first object,” said the Deputy Governor.

Over the past years, the State Bank has consistently maintained its management target and has taken many measures to control credit in potentially risky areas, including real estate. For example, the system is implementing a regulation on short-term deposits for medium and long-term loans at 40% and that these loans must apply a risk factor of about 200%.

At the same time, the Deputy Governor also said that the State Bank is asking credit institutions to inspect and strengthen supervision of regulations on real estate lending conditions, to ensure compliance with regulations, in parallel. with that is managing cash flow when lending.

“The most important goal of 2021 when setting a credit growth target of 12% is to focus on the priority and necessary areas. Focusing on key works and projects of the State, as well as prioritizing certain economic sectors, such as exports to support economic growth rates according to the goals set by the National Assembly. Therefore, real estate credit will be tightly controlled and cannot increase hotly ”, Mr. Tu emphasized.