长江证券指出，行业短期下行压力依然很大，尽管下半年以来基数明显降低，但新房销售同比降幅并未显著收敛；二手市场延续以价换量走势，房价持续下降，月度均价环比跌幅再次扩大，并且地产量价下行的负外部性已在其他经济领域有所体现，需警惕地产和经济的负向循环，未来出台支持政策的必要性再次提高。Domestic housing stocks had the highest decline in early trading. As of press release, Ocean Group (03377) fell 7.83% to HK$0.153; R&F Real Estate (02777) fell 5.88% to HK$0.64; Greentown China (03900) fell 4.62% to HK$5.58; and Vanke Enterprise (02202) fell 4.07% to HK$3.77.
The Zhitong Finance App learned that domestic housing stocks had the highest decline in early trading. As of press release, Ocean Group (03377) fell 7.83% to HK$0.153; R&F Real Estate (02777) fell 5.88% to HK$0.64; Greentown China (03900) fell 4.62% to HK$5.58; Vanke Enterprise (02202) fell 4.07% to HK$3.77.
According to the news, the National Bureau of Statistics recently released economic and real estate data for the first 8 months. The sales area and sales volume of commercial housing in January-August were -18.0% and -23.6%, respectively, up 0.6 and 0.7 points from previous values, respectively. The cumulative area of new housing starts, construction, and completed in January-August was -22.5%, -12.0%, and -23.6% year-on-year, respectively. The decline in new construction narrowed slightly, construction remained stable, and completion declined slightly. In August, the year-on-year decline in second-hand housing prices in 70 cities widened to -8.6%, and the month-on-month decline widened slightly to -0.9%. Prices are still falling rapidly.
Changjiang Securities pointed out that the short-term downward pressure on the industry is still very strong. Although the base has declined markedly since the second half of the year, the year-on-year decline in new home sales has not subsided significantly; the second-hand market continues to exchange price trends, housing prices continue to fall, the monthly average price decline has widened again, and the negative externalities of the decline in land production prices have been reflected in other economic sectors. We need to be wary of the negative cycle of real estate and the economy, and the need to introduce support policies in the future has increased once again.
