Chen Shitao (Viewpoint Agency, Founder of Boao Real Estate Forum): Distinguished guests: Good morning!
We are currently experiencing a new economic cycle, the traditional real estate development trough has not come out, the housing market stock has a great release demand, the emergence of housing rental industry in the national policy support and financial means of support, the rapid development.
Yesterday we received some calls, all talking about two consecutive days of four activities to do here, yesterday morning did the pension, yesterday afternoon is the industry, this morning is the housing rental, the whole three are the national policy is very strong support, and we also see that today to the scene, whether it is the national prefix, or foreign capital, or private, as well as capital financial institutions, do not let go of this track full of business opportunities.
Different from sales-oriented residential development, housing leasing, whether centralized or decentralized, whether high-end or guaranteed, scale and operation may be the key factors. How to calculate the account of income under the blessing of capital is also a problem for practitioners to think about, and after ten minutes or so, the speakers and dialogue guests will do some more professional discussions in this regard.
This is the second year that the Viewpoint Housing Rental Conference will be held in the future, and will be combined with the form of enterprise classrooms to deeply explore excellent leasing companies and projects to show to the society and the industry. The Boao Lecture Hall for Housing Leasing has been held every year along with the Boao Real Estate Forum, and it will continue to be held in Hainan in August this year.
Guandian will also bring its three product series of media reports, index research, and brand activities to provide the most valuable services to enterprises in the field of housing rental, and hope to get strong support from everyone here and friends who watched the live broadcast online!
Business opportunities are everywhere, including all the companies here today, can ask the owner of the Vicion Center, where we are holding today, is the Blackstone Group, to discuss the possibility of cooperation. I saw that Blackstone's just-released financial report showed that their assets under management reached 1.06 trillion in the first quarter, with nearly $200 billion to be invested.
Without taking up your time, I will release the "Excellence Index 2024 Housing Rental Excellence Report" to you as soon as possible. This report is produced by the Opinion Index Institute.
Let's take a look at the big screen, because of the time relationship, I will make an overview of the brief report here, which is divided into two parts, the front is the report part, and the back is the performance, that is, the ranking part.
In the report part, we look at this chart, we listed more than 100,000+ and more than 50,000+ in the whole process, which is the income of leasing enterprises from 2022 to 2023, and also listed ten enterprises, China Resources Youchao's annual turnover including asset-light projects is 700 million yuan, an increase of 9.5%, and there are subdivisions on the right side of Rubik's Cube, Poly, etc. Rental companies have achieved good results in the profitability examination papers, many companies have announced that they have achieved profitability, and the scale and profit of Lingyu in 2023 have reached a new high, and there has been a positive cash flow. As we will see later, after the input income reaches a certain management scale, some of them have entered the harvest period under the cost control and stable operation of the project. This is the part of affordable housing REITs that we have been talking about in the past two years, the whole robustness, we have listed a few, China Asset Management, China Resources Youchao, China Beijing Affordable Housing, Shenzhen Red Earth Innovation, these completion ratios are more than 100%, Beijing has a year-round average that has exceeded expectations, we have a histogram here, and the key word given is to move towards normalized development. This chart also lists the analysis of 10 items.
The most important occupancy rate and rent are the key indicators to maintain the lease, last year, the unit price of the project was maintained relatively well, and the unit price of the underlying assets of the four single funds was rising.
Next, we saw that on January 12, Guotai Junan raised 3.05 billion yuan, and then New Huangpu and Shanghai Minhang were all accepting the underlying assets, and we saw that CCB was doing a better job of revitalization.
M&A is a key word in the market, and here is a list of M&A cases from November 2022 to March this year, let's take a look, this is a powerful weapon to expand market share.
You can see the policy collection given from 2018 to 2024, and the rental housing that will be started and prepared from 2021 to 2023 is 5.47 million units. From housing construction to taxation, financial support, and provident fund, especially this year, 17 policies for housing rental finance have been implemented, which can at least alleviate the benefits of corporate financing. The opening we give is the enterprise to quickly seize the market, last year's view of 22 housing rental companies as a sample, the whole year in the monitoring, last year's new opening is 166 rental projects, a year-on-year increase of 61.17%, real estate enterprises, hotels, entrepreneurship three departments have, the first quarter of this year to see the positive rise in the opening of stores, China Merchants Eden, Boyu, Guanyu are actively opened. From 2022 to the first quarter of 2014, Shanghai ranked first in the proportion of major cities, followed by Beijing, Shenzhen, Guangzhou, etc., and we can see that new projects were launched from March to June and September and November, which is also the regularity of time.
The rental market in 2023 is a small spring, and the rental income is higher than in 2022.
Everybody, I would like to report on the outstanding performance of housing rentals. I won't elaborate on these systems here, mainly using data acquisition methods, including various indicator systems, we have made seven rankings, the first is the top ten housing rental and leasing companies, Vanke, Dragon Tiger, Rubik's Cube, Lingyu, China Merchants Eden, China Resources Youchao, Lehu, Ziru Asset Management, Bairui Ji and Xiangyu, we have made some comments, you can see their number of openings and scale effect, including asset holders, all aspects are comprehensive, I will not comment here one by one.
Second, we all know that rental and leasing funds are the most important, this year we talked about asset management, and there are five asset management companies, China Resources Youchao, Vanke Boyu, China Merchants Eden, Dragon Tiger Guanyu and Ziru Asset Management.
The third is the profitability performance of the enterprise, we have given Rubik's Cube, Guanyu, China Merchants Eden, Lingyu, and China Resources Youchao, which are ranked first. You can see the profitability of housing rentals.
Fourth, we selected five housing rental growth performance, these five are according to the pinyin performance, including the Confucian five most happy residence, Greenland, Ningchao, Pudong Development Youjia, China Power Construction Real Estate. At the same time, five service brands were selected, Bolin, Rosewood, Lehu, Ascott, and Yitang. At the same time, five model projects of rental communities in 2024 were selected, and finally housing rental model projects were selected.
There is a long-term study on the opinion index, the full text can be downloaded from the view network, our data is not perfect, I hope you will more corrections, thank you.