Agile President Chen Zhuolin housing prices in Guangzhou

Agile Group Chairman Chen Zhuolin said that the increases in property prices in Guangdong last year, more than 9 percent, acceptable, but the Guangzhou property price increases of more than 30 per cent, and unreasonable, but Chen Zhuolin that future property prices in Guangzhou there are probably about 10 percent of the increase .

Chen Zhuolin in yesterday's Agile real estate (3383) Performance conference made the above remarks, Chen that property prices in Guangzhou are around 10 percent because of increases in Guangzhou on the market demand is still there. He also said that the Guangzhou recently introduced seven measures to suppress prices, the developers in terms of pros and cons: The disadvantage is likely to encourage local developers speed up the launch event, where it is beneficial to allow developers time to add land reserve.

Conference, Agile chief financial officer, said Zhu Xiaolian, 2006, Agile area of the flats sold a total of 2.07 million square meters, 09, 2008 and is estimated to be 3.1 million and 36 million square meters, Agile currently has about pre-sale floor 620,000 square meters, accounting for 30 percent annual target.

Chen Zhuolin said, Agile Guangdong land reserve Group about 70 per cent of land reserves, other provinces accounted for 30 percent of the total land reserves have reached 22 million square meters of land costs remain at 627 yuan per square meter level, the relative Lower. Chen said the next two years will continue to Agile Guangdong as a base to the city centre in Guangzhou and other provinces to expand land bank, but the number could be reduced than in 2006, and will raise the proportion of commercial real estate.

Agile gross margin from 05 32.4 percent, rose to 34.5 percent, net interest rate from 18.2 percent, to 18.5 percent, the average price from about 5,600 yuan, rose to 6,100 yuan, an increase of about 10 percent, the average price increase slowed down, During the period mainly due to the sale of the villa area ratio has reduced. Agile is expected, medium and long-term gross margin could be maintained at 30 percent, the net interest rate will be 18 to 20 percent between.