Jinwu Financial News | Domestic housing stocks rose across the board. Sunac China (01918) rose 8.04%, R&F Real Estate (02777) rose 5.88%, China Jinmao (00817) and Zhongliang Holdings (02772) rose more than 4%, and China Overseas Development (00688) rose 3.55%.
According to the Ping An Securities Research Report, in October, the top 100 real estate companies achieved sales of 465.4 billion yuan, an increase of 70.1% month-on-month and 4.9% year-on-year; achieved a sales area of 23.22 million square meters, an increase of 52.1% month-on-month and 6.2% year-on-year increase.
The China Index Research Institute published an article stating that according to survey data from the 100 Cities Price Index of the China Real Estate Index system on the new construction and second-hand housing sales markets in 100 cities and the rental market in 50 cities, in October 2024, the average price of second-hand housing in Baicheng was 14,360 yuan/square meter, down 0.60% from the previous month. The decline was 0.10 percentage points narrower than in September; it fell 7.27% year on year. In October, second-hand housing transactions in core cities increased, owners' bargaining space narrowed, and the month-on-month decline in second-hand housing prices in Baicheng narrowed. The average price of newly built homes in Baicheng was 16,532 yuan/square meter, up 0.29% month-on-month and 2.08% year-on-year. In October, the sales area of new homes in several core cities increased sharply from month to month. Driven by the entry of quality improvement projects into the market, the price of newly built homes in Baicheng rose structurally from month to month.
