What are the new challenges for the successful listing of the Green Apartment and the waiting for the listed eggshell apartment and more two landlords?
Text/Futu Research
Author/Time and
The number of second-home buyers listed in the recent shocks is quite large. From Wework to long-term rental apartments, the essence is to provide efficiency and service to the merchants, and the price difference between the landlord and the tenant is charged. However, the current problem of rent inversion, huge losses, and frequent violent thunders that are common in the second landlord has not been solved.
The former unicorn Wework experienced several twists and turns, the valuation was awkward and embarrassing, and it was still a listing failure. Even the investors have lost a lot of money. This is not, on November 6, Softbank Group announced the third quarterly report, the first quarter of operating losses in 14 years. It is reported that Softbank recorded the unrealized losses of 537.9 billion yen related to the investment of companies such as Uber and WeWork in the third quarter, of which only WeWork’s investment losses amounted to 497.7 billion yen.
However, after the scale of financing reduction, Qingke Apartment successfully landed on Nasdaq on the evening of November 5, becoming the first share of long-term rental apartment, closing up 3.76% on the same day. In addition, the second long-term rental apartment stock is also on the road, the eggshell apartment officially submitted to the US listing prospectus on October 28, provisional code “DNK”.
Wework, which failed to go public, was caught in a more difficult situation and began to survive on the brink. What are the new challenges for the successful listing of the Green Apartment and the waiting for the listed eggshell apartment and more two landlords?
Housing rental is an important area related to the national economy and the people’s livelihood. The state attaches importance to the policy, and the capital of all the countries wants to share a piece of it. The industry is still in the stage of relatively “barbaric growth”. There are many problems and many opportunities. Looking into the future, the leasing industry will definitely have great companies. But when it comes back to the present, rents are upside down and violent thunders are frequent If you don’t open the topic, what is the problem that cannot be solved by introducing public capital into the market?
I. Industry: There is room for logic and growth
1, the existence logic of the rental platform
At present, the long-term rental apartments are mainly operated by institutions in the rental market. Despite the strong demand for housing leasing, China’s traditional housing leasing market is fragmented and inefficient, and individual owners and tenants face many pain points. This provides a huge opportunity for long-term rental apartment platforms.
Specifically, the owners rent their own houses mainly have the following major pain points:
1) Renovation, furniture and maintenance costs are required