King Wus Financial News | Mainland real estate stocks fell across the board, Yuexiu Property (00123) fell by 3.33%, C&D Intl Group (01908) fell by 3.03%, Longfor Group (00960) fell by 2.89%, Shimao Group (00813) fell by 2.54%, China Overseas (00688) fell by 2.33%.
China Post Securities released a report, according to Ke Rui data, the top 100 real estate companies in November achieved a sales turnover of 363.35 billion yuan, a month-on-month decrease of -16.6%, but still an increase of 44.3% compared to September; a year-on-year decrease of -6.9%, with a monthly performance decline lower than the same period in previous years. The cumulative performance from January to November this year was 3432.63 billion yuan, a year-on-year decrease of -30.7%, a decrease narrowed by about 2 percentage points compared to October. Under the influence of policies, the decline in new home sales continues to narrow, and the demand for homebuyers in first- and second-tier cities is still increasing. In terms of land acquisition, in November, first-tier cities such as Peking and shanghai successively sold multiple high-priced land parcels, all won by leading central enterprises, it is expected that real estate developers will increase their sales efforts in December, supporting the continued strength in sales in first- and second-tier cities.
