Double -scale performance, Yuexiu Real Estate TOD advantages release the development of promoting development

On August 18, 2022, Yuexiu Real Estate (00123.HK) released the performance report in the first half of 2022.

According to the report, Yuexiu Real Estate realized operating income of about 3129 billion yuan, an increase of 29.1%year -on -year; the contract sales amount in the first half of the year was RMB 48.91 billion, an increase of 3.2%year -on -year. The achievement of this achievement has benefited from the steady growth of the company's TOD project sales performance. In the first half of the year, Yuexiu Real Estate achieved a total of about RMB 12.07 billion in TOD contract sales, accounting for 25%of the total sales.

In the report, the sales of Yuexiu Real Estate TOD project contracts increased by nearly 60 % year -on -year. At the same time, it made new breakthroughs in the nationalization of TOD and successfully obtained TOD projects outside the Greater Bay Area. It can be expected that the TOD model will be used as an important sign of Yuexiu Real Estate to promote further breakthroughs in its performance.

The TOD mode drives growth, and its performance has developed steadily in the first half of the year

As of June 30, Yuexiu Real Estate's cumulative contract sales amount was approximately RMB 48.91 billion, a year -on -year increase of 3.2%. Among them, Guangzhou achieved contract sales of about 29.34 billion yuan, an increase of 10.4%year -on -year. At the same time, according to the data released by the China Index Creis and Kerry, Yuexiu Real Estate's full -caliber sales and sales area in the first half of the year ranked first in Guangzhou.

The growth of performance in the first half of the year is inseparable from the release of the advantages of Yuexiu Real Estate TOD model. Yuexiu Real Estate has now become one of the largest developers in domestic rail transit property development. In the first half of the year, the sales of Yuexiu Real Estate TOD projects steadily increased, and the sales amount of contract sales was approximately RMB 12.07 billion, an increase of 58.8%year -on -year, accounting for 25%of the total sales. Among them, Pazhou South TOD projects achieved 5.79 billion yuan, Xingxing TOD achieved 3.01 billion yuan, and Xinghan TOD achieved 1.28 billion yuan.

TOD soil storage is rich, and the nationalization expansion has achieved breakthroughs

In the first half of 2022, Yuexiu Real Estate used its "6+1" characteristic and diversified storage platform to add 16 new land in 7 cities at a reasonable price, with a total construction area of ​​about 3.46 million square meters. In the new soil storage, 55%of the diversified increase in diversified storage through TOD, state -owned enterprise cooperation and industrial land, effectively controlled the cost of land acquisition.

At the performance conference, Mr. Lin Zhaoyuan, chairman of Yuexiu Real Estate, said that TOD has now become an important product line of Yuexiu Real Estate. In May this year, the Pazhou South TOD project from the parent company, and the company's Gouzhuang TOD project in the Greater Bay Area in the Greater Bay Area, is an important measure to achieve the nationalization of the nationalization of Yuexiu Real Estate.

In the first half of the year, the company obtained the Gouzhuang TOD project in Hangzhou through the delivery method of the production and bank, with a total construction area of ​​about 370,000 square meters. This is also the first time Yuexiu Real Estate has obtained TOD projects outside the Greater Bay Area. The acquisition in the field of TOD development brings more value to Yuexiu Real Estate and Hangzhou Metro. It is expected that Yuexiu Real Estate will take this as an opportunity to establish a closer connection with Hangzhou Metro.

According to data, the success of the Pazhou South TOD and Hangzhou Gouzhuang TOD projects has made the TOD project land reserve of 800,000 square meters. As of June 30, Yuexiu Real Estate had 8 TOD projects, with total land reserves of 3.59 million square meters, accounting for about 12.6%of the company's total land reserves.

TOD5.0 mode upgrade to build differentiated competitiveness

Since Yuexiu Real Estate introduced Guangzhou Metro in 2019, it has become its second largest shareholder, and the TOD model of "rail transit+property" has been one of the focus of Yuexiu Real Estate's development.

In recent years, with the rapid development of rail transit in my country, and the promotion of new urbanization and urban renewal strategies, the golden period of TOD development in China has ushered in. Mr. Lin Zhaoyuan, chairman of Yuexiu Real Estate, said, "In the context of building the Greater Bay Area on the Construction 'Rail, the total mileage of rail transit in Guangzhou in the next few years is expected to exceed 800 kilometers. This is a major opportunity for TOD development. At the same time, Yuexiu Real Estate is also actively communicating and docking with the subway planning and construction party of other cities. "

In preparing to meet the development bonus, Yuexiu Real Estate has taken the lead. It is understood that the TOD model of Yuexiu Real Estate has now completed its accumulation from 1.0 to 4.0, and is changing towards the TOD5.0 model, that is, the urban ecological economic circle model. Yuexiu Real Estate also set up a TOD Research Institute. The joint experts and scholars and industry partners comprehensively optimize and upgrade the TOD product line to build a composite city ecological economic circle of "rail construction+land preparation+property development+urban operation+industrial introduction".

It is worth mentioning that the Guangzhou Pazhou South TOD project is one of the important projects of Yuexiu Real Estate's entry into the TOD 5.0 ​​model. Relying on the superior location and ecological advantages, the project explores the innovation of the development model of the integration of stations and urban functions, creating a new TOD complex with convenient transportation, composite space, and green low -carbon.

Yuexiu Real Estate has rich development and operation experience and highlights of Yuexiu Real Estate shows its strong development momentum in TOD. Chairman Lin Zhaoyuan said at the press conference that I believe that with the increase in the number of TOD projects of Yuexiu Real Estate, whether in the development and operation of the TOD project or product power, the TOD model will become an important sign of Yuexiu Real Estate, and further lead Yuexiu Real Estate. To expand more new projects.

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