中海开始亏本卖房了

Core Viewpoint - China Overseas Land & Investment (COLI) has significantly reduced prices in multiple projects in Nanjing, leading to widespread dissatisfaction among homeowners and impacting the local real estate market [1][4][5]. Group 1: Price Reductions - The project "Guanjiangyue" in Nanjing saw a price drop from 34,620 yuan per square meter to 23,000 yuan per square meter, a decrease of 33.6% [1]. - "Guanwenlan," another project, dropped from nearly 37,000 yuan per square meter to 24,000 yuan per square meter, with lower floor units even reaching 22,000 yuan per square meter [4]. - The "Heshan" project in Jiangning district reduced its price from approximately 30,000 yuan per square meter to 17,000 yuan per square meter, nearly 60% off the original price [4]. Group 2: Financial Implications - The cost breakdown for "Guanjiangyue" indicates that selling each unit results in a loss of 400,000 to 600,000 yuan, as the total cost exceeds 27,000 yuan per square meter [1]. - The overall financial performance of COLI has deteriorated, with a net profit of 15.63 billion yuan in 2024, significantly lower than its competitors [19]. - The profit margin for COLI has dropped to 17.7%, marking a ten-year low, while the average profit margin for the industry has also declined [19][21]. Group 3: Market Dynamics - The aggressive price cuts by COLI have led to a perception of the company as a "price butcher," negatively affecting the sales of surrounding second-hand properties [5][4]. - The real estate market is experiencing a significant slowdown, with new residential construction area down 22.3% year-on-year in the first four months of the year [22]. - The overall sales of new residential properties in April 2025 were approximately 623.7 billion yuan, reflecting a 40.8% decline from March [22].