"Pour spring cold, freeze to death cattle", this spring is a very cold "spring cold" for housing enterprises - Evergrande hot spring town property was seized and frozen, belt brother hoarse exhaustion "will not allow cheap selling."

"Pour spring cold, freeze to death cattle", this spring is a very cold "spring cold" for housing enterprises

——The property of Evergrande Hot Spring Town was seized and frozen, and the belt brother shouted that "it is never allowed to sell assets cheaply"; Sunshine City was exposed to default and suffered taikang life liquidation and reduction; Yuzhou Group was downgraded by Fitch to "restrictive default"...

This is only a day's worth of news, and its intensity seems to return to the days when P2P was collectively liquidated. The market environment is indeed grim, with dollar debt peaking this spring and sales continuing to decline, with major developers' sales falling 40% year-on-year in January 2022 despite lower interest rates by banks. That's worse than the 20% year-over-year decline in December 2021, in part due to an up base. In particular, sales of R&F Real Estate, Shimao Real Estate and Vanke fell by 50% in January.

In the land market, the transaction area and amount decreased year-on-year. In January, the national residential land transaction area was 62.78 million square meters, down 83% month-on-month and 48% year-on-year; the transaction amount was 127.2 billion yuan, down 66% year-on-year and 87% month-on-month...

I don't think I need to say anything more, the data and information have shown the market to the fullest, but I think it is a good thing, after all, the tide has receded to know who is swimming naked, this is true for enterprises, and it is also true for the industry.

Things will rot and then worms will grow, do you really believe that there is a broken mirror under the sky?