Mainland real estate rebounded in early trading. As of the time of publication, China Vanke (02202) rose 4.74% to HKD 4.86; China Jinmao (00817) rose 4.48% to HKD 0.7; Logan Group (03380) rose 4% to HKD 0.78; Shimao Group (00813) rose 4.55% to HKD 0.92.
According to the Intelligence Finance App, mainland real estate rebounded in early trading. As of the time of publication, China Vanke (02202) rose 4.74% to HKD 4.86; China Jinmao (00817) rose 4.48% to HKD 0.7; Logan Group (03380) rose 4% to HKD 0.78; Shimao Group (00813) rose 4.55% to HKD 0.92.
On the news front, on July 15th, the National Bureau of Statistics released data on the real estate market. From January to June, multiple indicators of the national new housing sales area and sales revenue, real estate enterprise funds in place, and new housing construction area have shown a narrowing decline compared to the same period last year. The decline in national new home sales area and sales revenue has narrowed by 1.3 and 2.9 percentage points, respectively; the decline in real estate enterprise funds in place has been narrowing for three consecutive months, and the decline in new housing construction area has been narrowing for four consecutive months.
BOC International pointed out that although house prices continued to decline in June, positive changes have already occurred. The number of cities where house prices declined on a month-on-month basis has decreased, and the decline in second-hand housing prices has also narrowed. This is related to the release of the "May 17th Policy." Second-hand housing prices in some core cities (Beijing, Shanghai, Nanjing, and Hangzhou) have already begun to recover. The policy effect in these cities has relatively significant, and the second-hand housing market has turned from deep adjustment to stabilization, which is a positive signal.