Shanghai Serviced Apartments

According to Hong Kong media reports, there is news that the U.S. investment bank Carlyle Group is preparing to sell its holdings of Shanghai Serviced Apartments, Jinan Road, Project No. 8, repatriating their capital is expected to surpass 3.0 billion early last year to 1.99 billion yuan purchase price.

This is followed Lehman Brothers, Morgan Stanley and other international investment banks, after they sold a property in China, foreign investment banks.

Sources close to Carlyle Group, a source said, the Group's sale of the property is mainly taking into account the Chinese property market or the existence of short-term uncertainty. Another analysis, the next four months, there will be more funds from the capital markets return to the real economy, while the enthusiasm for real estate investments will gradually become calm.

Carlyle Group plans to sell the project is located in the core area of Shanghai Xintiandi is a Shanghai Serviced Apartments projects with a total area of 39,814 square meters. The Carlyle Group early last year to 1.99 billion yuan a successful purchase, when the average price of the apartment project is only 50,000 yuan per square meter. Just over a year later, Carlyle Group to sell its low-key, while the current unit price per square meter has been reached 80000-100000 yuan. It is reported that Carlyle Group may be sold at retail or the whole of the project. If you can be sold, the profits can reach over 50%.

Due to the Uncertainty of the future of the property market, according to "Shanghai Securities News" quoted a person close to Carlyle Group, said the funding issue is not simply the sale of property groups are now all the reasons. According to their judgments, the future China property market may be short-term uncertainty, while the then purchase price and the appreciation of the renminbi to judge the situation at present to sell their properties to ensure that the relatively high returns. Another reason is that the U.S. economy has not yet fully restored, investment firms still enormous pressure on cash flow, but also precisely because the United States is still in the prices of many assets, bottom, back capital investment bank to prepare for the acquisition will also very clear.

In fact, Shanghai has recently has been rumored for several high-end properties selling news, and the main reason is the developer of the short-term prices on the Mainland will enter stagflation expectations. Prior to this, Morgan Stanley paid the price of 2.45 billion of its holdings of Shanghai Donghai Plaza sold to SOHO China. There are investment bankers say several major international investment banks to clean up overseas projects in order to repatriate funds has already dragged on for a long time.

In addition to the U.S. investment banks, some Chinese companies are selling luxury background. According to sources, COFCO Property (Quote stock bar) a part of Shanghai's Top Glory Seaview apartment availability will be sublet to sell. The project is located in Shanghai Pudong Lujiazui (Quote stock bar) core business district, adjacent to Riverside Avenue. The whole district a few blocks from the high-level composition. Top Glory Sea to the staff, is currently in the state of two floor rental building for the 5,6, developers interested in selling real estate is very possible for the two.

More money flows to the real economy

Prior to that, Li Ka-shing-and-hold property in Shanghai Four Seasons Royale is also actively selling renting; another, including Ronnie Chan, chairman of Hang Lung Group, and other real estate developers are judged more difficult to forecast the future China property market situation and rapid sell-off cash wise short-term strategies. In this regard, Yi Xue Jianxiong ranking Chinese analysts believe that the World Expo in Shanghai before the property may also be maintained at a high consolidation; and Expo, the property market further increase supply, prices will follow U-turn is expected to fall.

In order to cool down the overheated property market, the central addition to actively increase the supply of affordable housing outside, from the policy level, the central bank to continue to implement an appropriate accommodative monetary policy, will be based on domestic and international economic and price trends, focusing on the use of market-oriented means of fine-tuning. In respect of the China Banking Regulatory Commission reiterated that the strict implementation of the "two sets of mortgage" policy, the Ministry of Land Resources, the National Development and Reform Commission and other ministries have issued on the real estate market to strengthen supervision signal.

In this regard, some analysts believe that by fine-tuning the impact of the policy, the next four months, more funds from the capital markets return to the real economy. Enthusiasm for real estate investment will gradually become calm, while the luxury market-driven warming situation could ease the property market as a whole, it has become a luxury and foreign mass sell-off of the important considerations.
update time：2012-2-9