Inner real estate stocks rose, as of press time, China Jinmao (00817) rose 6.78%, CIFI Holdings Group (00884) rose 4%, CH OVS G Oceans (00081) rose 3.8%, Midea Real Est (03990) rose 3.49%, Greentown China (03900) rose 3.02%, Sunac (01918) rose 2.97%.
On the news front, following Shenzhen's announcement of the acquisition of commodity housing for use as indemnificatory apartments, multiple first-tier cities will introduce relevant policy documents to purchase and warehouse commodity housing. Among them, Nanjing plans to introduce a work plan for purchasing completed but unsold commodity housing for use as indemnificatory housing. Currently, the project of combing and sorting out completed but unsold commodity housing has been launched, and real estate development companies have been consulted for their willingness to sell. If there are suitable projects, state-owned enterprises will be responsible for the acquisition and implementation as required. Next, Nanjing will accelerate the construction of a new model for the transformation and development of real estate, allowing commodity housing to return to its commodity nature and meet the demand for improvement of living conditions.
In addition, the China Real Estate Index System Research Institute released the "July 2024 Top 10 Cities Second-hand Housing Price Map," which showed that the price of second-hand residential property in Beijing fell by 0.87% month-on-month in July, a decrease of 0.03 percentage points from June, showing signs of bottoming out. In terms of transactions, the new policy continues to encourage the entry of just-needed customers, and the number of second-hand residential properties sold in Beijing in July reached 15,575 units, a year-on-year increase of 3.9% and 60.3%, respectively.
