【头条评论】 银行下场卖房降风险也要防风险

Core Viewpoint - Banks are actively selling properties at prices significantly lower than market rates, driven by the need to manage non-performing assets and respond to economic pressures in the real estate market [1][2] Group 1: Market Context - The trend of banks selling properties is a response to increasing personal mortgage defaults and real estate loan defaults, leading to a rise in "foreclosed properties" and "debt settlement assets" on bank balance sheets [1] - Traditional disposal channels for these assets have become bottlenecked, with high rates of unsold foreclosed properties due to issues like unclear tax obligations and difficulties in clearing properties [1][3] Group 2: Benefits of Direct Property Sales - Direct property sales by banks can significantly enhance asset disposal efficiency and accelerate capital recovery, while also reducing legal disputes through better control of the transaction process [2] - Buyers benefit from purchasing "direct supply houses" at prices generally 16% to 31% lower than market rates, with transparent transaction processes and access to mortgage services, addressing the full payment requirement of foreclosed properties [2] Group 3: Challenges and Risks - Banks face challenges in selling properties due to a lack of professional sales teams and market experience, which may lead to inefficiencies and potential conflicts of interest [3] - Issues related to property rights and fees could result in disputes that harm the bank's reputation, while the influx of low-priced properties may temporarily suppress surrounding property values [3] Group 4: Alternative Asset Disposal Strategies - Besides direct sales, banks can utilize asset management companies (AMCs) to package and dispose of non-performing assets, leveraging their expertise for more effective management [4] - Banks can also establish special asset divisions or use asset securitization to attract capital market investors, and repurpose unsold properties into long-term rental apartments to align with policy directions [4] - Collaborating with local governments and quality real estate companies to inject funds into ongoing projects can help ensure timely delivery of housing and maximize asset value [4]