What is the impact of Wanda's farewell to real estate on housing prices?

In recent months, Wanda has made great moves. Following the change of ownership of 13 cultural tourism projects, the official WeChat of Wanda Group at the helm of Wang Jianlin announced today that Wanda completely bid farewell to real estate! Wang Jianlin, who has lived in real estate for 30 years, made such a decision, which made everyone feel that something was wrong and came to a conclusion that the real estate market was no longer working.

What is the impact of Wanda's farewell to real estate on housing prices?

At present, China real estate stands on Mount Everest. No matter which direction you go, there is no' high place'.

On August 10, Wanda Group's official WeChat account issued a document explaining the company's recent series of capital operations. According to the article, Wanda sold the hotel assets, but retained the hotel management company. Wanda Hotel Management Company is the largest senior hotel management company in China, and the hotels sold by Wanda will still be managed by it. Wanda sold 9 1% equity of Wanda City to Sunac, but Wanda is still the brand owner and manager of Wanda City. Wanda bid farewell to real estate completely, and then strode onto the road of light assets.

It can be seen from a series of actions such as the recent downsizing, liquidation, contraction and withdrawal of Wanda Group that Wang Jianlin is no longer optimistic about real estate, and Wanda's business has been transformed into "light assets".

According to statistics, since February this year, Wanda Group has completed a major asset relocation with a total amount of 1 10963 million yuan. During this period, Wanda Group has completely handled all its real estate projects in a short time through intensive recovery of the registered capital of wanda plaza Project Company and major asset restructuring.

Selling real estate on such a large scale is because he keenly saw the turning point of real estate, which may be an important signal.