Moving Forward to 2030

Average selling price would be about RMB28000 / sqm. 2013 年的深圳平均工资 5218 元，2016 年的深圳平均工资 8141 元，涨幅达到了 56%，而深圳的地价，仅龙华片区三年就翻了近四倍，楼面价从2013年的1.46万/平方米，到2016年的5.68万元/平方米。 Major Transaction Aoyuan has acquired 70% stake of a high quality residential project...

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Hanlin Shangzhu Nanning (瀚林上築) GFA 74,300 : All residential units are sold by the end of 1Q 2016, while shops at ground level of the residential blocks are going to be launched within 2Q 2016. Hanlin Mingmen Nanning (瀚林名門) GFA 142,900 : In 1Q 2016, 18,370...

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Search : Central China Real Estate Hu is currently on a mission to transform CCRE into a company that can offer construction and management services for real estate projects without necessarily investing in them. Does Central China prefer to invest or...

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Breakdown of China Aoyuan’s 2016 NAV Development properties (RMB mn) 16,001 Investment properties (RMB mn) 2,308 Total gross asset value (RMB mn) 18,308 Net debt / net cash (RMB mn) (6,108) NAV (RMB mn) 12,202 NAV / share (RMB) 4.38 NAV / share (HK$)...

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廣東蕉嶺金奧長壽糧油食品有限公司為廣州奧園房地產集團在蕉嶺縣的關聯企業，公司註冊資金二仟萬元人民幣。項目在蕉嶺縣擁有幾千畝的農田與土地並將設置工業園區進行生產、加工、物流一體化商業運作。 公司主要生產製造長壽健康品牌的高端糧油食品。為當地政府鼓勵並扶持的發展“長壽”健康產業的龍頭企業。 公司地址：蕉嶺縣蕉城鎮農業局辦公大樓 2 樓 由廣東蕉嶺金奧長壽糧油食品有限公司投資建設的金奧長壽產業園，在蕉嶺縣文福鎮正式動工建設，為該縣打造百億長壽健康產業再添新引擎。該產業園是蕉嶺縣主動融入對接“梅江韓江綠色健康文化旅遊產業帶”和“世界客都長壽硒谷”品牌戰略引進的長壽健康產業項目，項目計劃總投資...

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Notes : 1) Aggressive 2) 平安大華 (fund manager) the partner in projects is equally aggressive. 3) As a 2015 land market winner, in 2016, the company doubles up its betting in Shenzhen. 4) What is Pingan Dahua doing? Likely a misleading error in announcement....

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EPS : CNY0.2917 Dividend : CNY0.088 (excl. CNY0.018 special dividend paid) Book value per share : CNY2.961 2015 Consolidated income statement (million in CNY) Revenue : 9,572 +37.2% Gross Profit : 2,646 +28.0% Selling, admin & operating expenses : (890)...

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Since the decision by the IMF Executive Board to include CNY in the Special Drawing Rights Basket in 11/2015, the central bank of China has loosen the control on the track of the currency. And investors began to worry about Aoyuan's foreign exchange risk...

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龙光地产 2015年，绝对是深圳房价的爆发之年，房价在短短的半年内上涨60%。截止2016年3月，深圳的房价，依然处于继续上涨之中。格隆汇在之前的文章《北上... 继去年年初以17600元/平方米的楼面价拿下珠海江湾地王后，地王集邮者龙光地产又有新动作。1月28日，龙光地产以9.9亿元、6730元/平方米、溢价86.94%拿下珠海金湾区一宗宅地，刷新金湾区单价地王。中原研究中心主任谢敏仪表示，该地块地理位置优越，会吸引品牌房企争相入驻也正常。此次珠海金湾区出让地块编号为珠国土储2015-16，位于金湾区西湖片区启动区金湖大道南侧、迎河东路东侧，地块面积4.95万平方米，容积率在1.0-3.0之间，起始楼面地价3600元/平方米，起始总价5.3亿元。该成交楼面价刷新了2014年中海地产创造的4050元/平方米的金湾区单价地王纪录。金湾区2015-16地块对面将来可能规划为金湾政府区府，其周边配套以及交通网络都在进行布局，该片区前景可观。金湾区西湖片区属于珠海的航空新城核心区，目前该地块周边已有时代山湖海和保利香槟国际两个成熟楼盘，二手房价也超1万元/平方米。该地块周边项目楼面价也是1.2万-1.3万元之间，以龙光现在6730元/平方米的拿地价来说，还是有利润空间的。...

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History of Aoyuan Bond Issuance : 11/2012 Offshore Bond USD225 million @13.875% 05/2014 Offshore Bond USD250 million @10.875% 01/2015 Offshore Bond USD300 million @11.250% 04/2015 Offshore Bond USD100 million @9.250% 07/2015 Onshore Bond RMB2.4 billion...

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