內地首五月千億房企仍只有碧桂園(02007.HK)、萬科(02202.HK)及保利發展
阿思達克 06-01 12:55
據中指研究院統計，今年首五個月，碧桂園(02007.HK)、萬科(02202.HK)、保利發展(600048.SH)分別以2,011.9億元人民幣(下同)、1,673.4億元和1,592億元繼續佔據前三甲，但與2021年同期。「碧萬恆」合計銷售9,142億元相比，合計少賣3,865億元，按年下滑約42%，差額比首四個月再次放大。
除三家千億房企外，百強房企今年首五個月銷售額均值為273.9億元，按年下降50.7%；TOP100房企權益銷售額均值為199.9億元，權益銷售面積均值為136萬平方米，按年分別下降51.5%和53.2%，降幅未繼續擴大。
中指研究院指出，對於房企而言，6月起償債壓力進一步增加。當前房企債券存量餘額約2.8萬億元，海外債佔比47%。第二波償債高峰即將到來，一年內到期餘額為9,500億元，其中海外債佔比33.2%，境內償債壓力較大，今年7、8月為年內第二波償債高峰。
另一方面，房企在2022年5月海外債發行為0，僅通過發行信用債進行融資，發行規模略有上升。其中，信用債發行規模為445.7億元，按月上升3.32%，按年上升33.51%，並且信用債發行人以國央企為主，整體償債風險較低。
而融資成本同樣出現小幅下降，信用債平均利率為3.27%，按月下降0.17個百分點，按年下降0.69個百分點。
由於海外債發行數量降至冰點，同時出險企業不斷增加，意味著房企新發債券無法覆蓋到期餘額，從中指研究院數據看，2022年首四個月信用債、海外債的發行到期債務比分別為160.2%、10.4%，總發行債務比為71.8%，因此海外債「借新償舊」可能性大幅降低。
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