中信证券表示，推动地产止跌回稳的核心逻辑仍然是推动供需态势相对平衡，具体来看：供给侧方面，预计后续将加大收购存量房用作保障性住房以及支持地方政府回收符合条件的闲置存量土地；需求侧方面，预计公积金及按揭贷款利率降低、高能级城市限购放松仍将逐步落地，推动购房需求稳定释放。Domestic housing stocks were higher in early trading. As of press release, Rongxin China (03301) rose 11.39% to HK$0.44; Shimao Group (00813) rose 6.6% to HK$1.13; and Sunac China (01918) rose 6.55% to HK$2.44.
The Zhitong Finance App learned that domestic housing stocks were higher in early trading. As of press release, Rongxin China (03301) rose 11.39% to HK$0.44; Shimao Group (00813) rose 6.6% to HK$1.13; Sunac China (01918) rose 6.55% to HK$2.44; Xuhui Holding Group (00884) rose 6.45% to HK$0.33; Agile Group (03383) rose 5.19% to HK$0.81.
According to the news, the market is expecting a major conference to be held in December. CITIC Securities believes that the conference will analyze the current economic situation and set economic work goals for 2025. It is expected that the conference will continue to have a positive attitude towards setting the tone for next year's macroeconomic policy, and the subsequent new round of policy arrangements will clearly boost market confidence. Regarding real estate, CITIC Securities pointed out that under the goal of stopping the decline and stabilizing, policies are still in the window period of intensive introduction and implementation, including urban village renovation, land acquisition restrictions and storage restrictions, and demand-side policy relaxation.
CITIC Securities said that the core logic driving real estate to stop falling and stabilizing is still driving a relative balance between supply and demand. Specifically, on the supply side, it is expected that the purchase of existing housing stock will be increased in the future and that local governments will be supported to recycle eligible vacant land; on the demand side, it is expected that interest rates on provident funds and mortgage loans will be reduced, and purchase restrictions in high-energy cities will gradually be implemented, driving the steady release of demand for home purchases.
