Jinwu Financial News | According to DBS Bank's latest China Real Estate Weekly Report, China's real estate market performed steadily in early November 2024. The bank said that the average weekly transaction GFA (saleable area) in the 27 cities tracked rose 7.2% month-on-month, 32% higher than October last year, and 24% higher than the same period last year. In addition, the number of newly launched units in 11 major Tier 1 and 2 cities fell 25% month-on-month, but the average monthly turnover increased 6% from October, and the average sales rate increased 8.8 percentage points to 56.3%. In terms of inventory, inventory levels in key cities have also improved. The average inventory cycle was 13.1 weeks, down from November 2023 in the same period last year.
The bank's overall view of China's real estate industry is cautiously optimistic: although the market is facing some short- and medium-term pressure, it is expected that with the gradual recovery of the macroeconomic economy and the strengthening of policy support, the overall attractiveness of the industry will increase. In particular, in the context of anticipation first, the market performance of real estate, as a cyclical industry, is closely related to macroeconomics, and there are allocation requirements.
The bank suggests focusing on leading companies that can maintain a dynamic balance of market share during the market adjustment cycle, as well as companies that have shown strong performance in cost control and channel governance capabilities. These companies may benefit from future market changes.
