129762943208125000_115 tera power levelingSmall and medium developers being "forced" section ahead of real estate investment trust liquidation
As the real estate trust to honour climax approaches, frequent outgoing trust project "wound up in advance" of the message. According to the economic daily news reporter learned that because of the macro-policy on the regulation of the real estate industry, some small and medium-sized real estate enterprises very difficult to get rid of money chain tension. Trust company to maintain a good image of the vagaries of the market and strengthen the trustPlan for risk control, early repayment of part of the funds will inevitably require real estate enterprises, even in cases of "wound up in advance" release risk.
Winding up in advance of risk aversion as the main force 2011 issued by real estate investment trusts, zhongrong international trust company limited (hereinafter referred to as thaw in trust) payment risks faced today is undoubtedly the market concerned. This reporter has learned,Original plan due April 28, 2012 "zhongrong-Chinese Peacock assembled funds trust scheme" earlier terminated on February 8 this year, nearly 80 days in advance.
Zhongrong promotion materials on the trust at that time, the trust plans to raise capital for $ 750 million, the trust for a period of 20 months. According to the economic daily news journalist survey, the trustPlan all funds be spent on the construction of Beijing Badaling Villa Peacock, Peacock city phase 1 has not yet been completed, sold only 1.2, priced at $ 6000~10000. "Trust schemes winding up is in advance of trust companies a means to avoid risks, especially trust big brands, is to risk may have absolute control. If real estateEnterprise source falls short of expectations of repayment, probably early winding up. "A trust company in Beijing who said Lee
tera power leveling, the trust is now depend on the brand, not easily hit" signs ".
Because March is the peak of the real estate trust to honour, so it will be coming in the near future the trust terminated ahead of schedule. In fact, thaw Peacock of the trust which is the only real estate trustWinding up a case before.
Tianjin trust, trust in Shandong, Jiangsu international trust, Warburg, China resources trust, trust, integrity in supporting both the trust scheme "wound up in advance". Tianjin trust's announcement in the near future, "according to investment �� Xinda real estate investment the right to equity income funds and repurchase the collection trust scheme" on February 10 this year declared terminated in advance. The trust schemeReleased in November 2009, for a period of 2.5 years, which expires in May 2012, but in fact liquidation 3 months earlier than planned.
Shandong trust "Gold Coast Fund assembled funds trust scheme" in February was wound up, and originally intended duration of the product's contract expires in March 2013, a year earlier. "Under normal circumstances,Trust with the customer when concluding a contract, involves the Convention wound up in advance. Trust company in the performance of this contract, will notify the customer in advance. From a risk perspective, customers can get the principal amount and duration of actual income trust scheme, is also acceptable.
"Mr LEE said. Difficult situation of small and medium-sized developers in the real estate investment trust in the course of advance payment, the developers no doubt depressionIn a dilemma. Market tensions, trust plan in advance of payment are "worse". In particular, small and medium-sized real estate enterprises, in communication and trust company is weak.
High cost of capital, liquidity and poor so that enterprises lack of negotiating weight. Manager of a Beijing real estate company told the daily economic news reporter, in the enterprise "lack of money" cases,Rules of the game are set by the trust company. Some real estate company after the Spring Festival this year, is around 3 months in advance by trust company requires payment of principal and income. "Excuse is a trust company risk or no cooperation in the future, may even be included in to the industry blacklist. "" Large real estate companies don't have this problem, are small by the trust company to forceReal estate companies. "The General Manager says
tera gold, usually half a year in advance in accordance with the regulatory requirements of trust companies to design a programme of risk aversion, main content is to make companies pay it in advance.
"The real estate company General Manager said, not only the funding period, capital costs are driving up in disguise. A trust company in Shanghai said it had issued a two-year periodMore than 1 billion real estate investment trust plan, developers will need monthly return of 100 million for the six months ahead.
While the sum of prepayment in part perhaps to pay about 16% (annual interest rate) costs.
Exaggeration of risk? Under current trust payment risks rendering in the market, investors will always tangle on the balance of benefits and risks. However, there are financial experts believe that currently trust investment risks andIs not as large, often just one possible. "Haven't heard that a trust scheme is not paid.
"Effect of trust network analyst Xu Ying wind on the daily economic news reporters, trust mortgage rates are low, to guarantee the payment of trust. "Trust company now projects a lot, almost every day there is trust. Trust is missing pinSales channel, is the trust of customers. Once the trust promise to investors, then this company has many projects would be useless.
"Mr Li said, small and medium-sized property developers should not be able to honour, are likely to face is the transfer of pledged assets. "With the adjustment of trust industry, market risk is gradually reduced. From the perspective of reality, big real estate projects are more affected by trust companyFavor and shut out small real estate business may also be a trust company.
"Xu Yingfeng told reporters that financing and collateral as well as the trust of key factors. He also believes that current issue of real estate investment trust has declined in the second half compared with last year. Regulators can be said to have achieved the goals of adjustment. "Last month, than about real estate investment trust in the entire trust number21%. ��
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