Source: Time magazine
With the land could melt more funds, with the funds, they can gain more land, Dragon Lake Road, of course, knows this is why we have last year's frenzied Canal , so as to expand its capital market. Longhu given a Hong Kong listing and financing the rapid expansion of its strong financial support.
Steady pace, it is hard to conceal his face burnout color.
November 4, the candidate of women in Mainland China's richest man, quite mysterious吴亚军Chongqing Municipality in the private economic situation analysis meeting.
The Longhu Real Estate Development Co., Ltd. (hereinafter referred to as Longhu Real Estate), chairman of the甫一mouth opening on语惊四座:" Longhu have 'cat Winter' had. "
Discourse behind, it is her suffering写真heart.
Crazy expansion left the after-effects are threatening the hard earned her 14 years, dedicated to build from the Kingdom of the Longhu Foundation.
First, in June this year, Longhu transferred funds chain tension has to return Chongqing Institute of Logistics Engineering and Wang projects; and then due to external factors such as the financial tsunami, was originally scheduled to be listed in Hong Kong in October of the plan was indefinitely shelved; flowers in Beijing Tongzhou Sheng Xiang burst Dynamisante project was "out the door" incident.
It was so worried about whether it will become Sunco Longhu Second, become a real estate lead to" butterfly effect "only butterflies.

The rapid expansion of the weight of history is always strikingly similar. Longhu experience in Chongqing in 10 years, like other real estate companies, initiation of the rapid expansion of the impulse. Longhu Chengdu in 2004 to enter the market; 2007 Beijing items available for sale; in August the same year, Longhu Shanghai real estate company; November, Longhu real estate company opened in Xi'an. At the same time, a substantial increase in land reserves Longhu, Longhu crazy Canal in 2007 and went all skelter, and even some people with "terrible" word to describe the Longhu.
When pressed by reporters times weekly, Longhu land reserves have more than 1000 million square meters," This is the most fundamental right, we, after all, is a national developer. "Longhu Group, Gu Wei, spokesman for the phone默认.
However, the glossy appearance but can not conceal Longhu the embarrassment faced by real estate. The rapid expansion of the weight is testing the financial strength of Longhu.
By calculating Longhu take place in recent years invested capital, and perhaps can be seen from the side of funds Longhu. Rand consultation on the Longhu research report shows that in 2005 -2008, the Longhu in Beijing has made six projects, the cost of holding to as high as 6.1 billion, and as of October 9, 2008, Longhu in Beijing all the projects, the cumulative sales of only 5.1 billion.
Planing to high capital costs, taxes and fees, design fees, project, sales and marketing costs, almost certainly yes, Longhu in Beijing in 2008 is to market losses.
In Shanghai, Yan Lan Longhu Mountain project cost of 1.5 billion, but at present, the project has just begun subscription income is zero suspense. Shanghai Hua Sheng Xiang Dynamisante have not opened, a conservative estimate of the book in Shanghai Longhu deficit of 20 billion yuan. Advisory, president of the Rand analysis Song Yanqing so.
On the expenditure side, remove all of Longhu recognized land reserve of 10,000 square meters more than 1000 total, to open in 2007 Longhu shall take place as an example, in March, in Chengdu, Longhu 925 million to the successful construction of the road block ; in August, Longhu to 3.025 billion yuan in Chongqing Chongqing Logistics College won the block; in November, to 1.5 billion Longhu Shanghai Zhao Zhen successful projects; Longhu and Xi'an in December signed an agreement to develop three billion Datang clock If the earlier, Longhu in Beijing 6.1 billion to the cost of the Canal, to be voted钓鱼城Chongqing 10 billion development plan, Longhu need to be prepared to 24.55 billion yuan of the money to buy land.
This year, the national sales Longhu recovered only 90 billion sales. The difference between the two over 150 billion yuan.

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