Sunac breaks “Bi Wanheng”
On December 5, Sunac China released its November sales report. As of the end of November 2019, Sunac’s cumulative contract sales amounted to approximately RMB 500.57 billion, a year-on-year increase of 20%. The cumulative contracted sales area was approximately 34.313 million square meters, and the average contracted sales price was approximately RMB 14,590 / square meter.
According to the recently released “Real Estate Enterprise Sales List for January-November 2019” released by Kererui, Sunac China surpassed Vanke’s 344.59 billion yuan by 345.4 billion yuan in terms of equity. In this regard, Sun Hongbin, Chairman of Sunac, said: “It is an accident to surpass Vanke. Sunac will remain in fourth place next year. We cannot compare with them. Our products are better than sales.”
It is reported that Vanke’s sales in the first nine months of this year were more than 30 billion yuan ahead of Sunac. In October, this gap gradually narrowed. Some media analysts believe that since October, some large-scale housing companies headed by Evergrande have adopted a wide range of discount promotions, and increased their supply and promotion efforts, making their October sales performance rise sequentially. Vanke’s promotion was relatively weak, so that it was eventually overtaken by Sunac.
From a business perspective, in recent years, Sunac has been deploying diversified businesses outside of real estate. Last week, Sunac acquired a 51% stake in Global Century and Time Global held by Yunnan Urban Investment Group for a consideration of 15.269 billion yuan. Global Century and Time Global became an indirect subsidiary of Sunac China and renamed it “Global Sunac Conference and Exhibition” Cultural Travel Group. ”
Before, Sunac established Tsinghua Sunac Qingdao Medical Center, and cooperated with Japan’s top medical brand (MCS) to formally enter the medical sector. In addition to the cultural and tourism projects that Wanda has previously taken over, Sunac has identified six major business sectors: real estate, culture, cultural and tourism, recreation, convention, and service.
Sun Hong, Executive Director, CEO and CEO of Sunac China, revealed that Sunac Cultural Tourism has landed in 10 cultural tourism cities, 4 tourist resorts, and 24 cultural tourism units. Town, which covers 41 theme parks, 26 commercial and nearly a hundred high-end hotels; the convention and exhibition segment, with 6 conference and exhibition centers, owns and operates more than 2 million square meters of conference and exhibition centers.
The newly-established wellness sector has actually had a large scale. It has 22 wellness projects, of which 14 have been constructed, which are located in Qingdao, Weihai, Meishan, Kunming, Hangzhou, etc. Ground.
On December 5th, Sunac launched in Qingdao “Rong Ai Jia” Kangyang brand, announced the comprehensive layout of the medical health industry. Sun Hongbin said that in 3-5 years, he plans to become a leading company in the field of medical and health care.