中邮证券指出，11月房地产开发景气指数为92.62，为连续第7个月回升，我们认为在政策的作用下新房及二手房成交有明显改善，且持续性较强，地产已实现阶段性回稳。但房企投资信心仍有待恢复，部分购房需求集中释放后，仍需观察后市居民预期是否偏弱，明年政策仍将维持宽松环境，地产有望持续向好。Domestic housing stocks generally fell in early trading. As of press release, Rongxin China (03301) fell 5.81% to HK$0.405; Sunac China (01918) fell 2.86% to HK$2.38; R&F Real Estate (02777) fell 2.72% to HK$1.43; and Xincheng Development (01030) fell 2.13% to HK$1.84.
The Zhitong Finance App learned that domestic housing stocks generally fell in early trading. As of press release, Rongxin China (03301) fell 5.81% to HK$0.405; Sunac China (01918) fell 2.86% to HK$2.38; R&F Real Estate (02777) fell 2.72% to HK$1.43; and Xincheng Development (01030) fell 2.13% to HK$1.84.
Citi released a research report saying that the central government continues to push for policies such as stopping the decline and stabilizing the domestic housing market; increasing urban renewal efforts; fully releasing housing/upgrading demand; controlling land supply, revitalizing existing land or non-residential properties; and establishing a new development model. The valuation of the domestic housing sector appears to be supported by a number of favorable fundamental factors. It is believed that policies supporting the property market are moving in the right direction, but it will take time.
China Post Securities pointed out that in November, the real estate development sentiment index was 92.62. For the 7th month in a row, we believe that new and second-hand housing transactions have improved markedly under the influence of the policy, and are highly sustainable, and real estate has stabilized in stages. However, the investment confidence of housing enterprises has yet to be restored. After some demand for home purchases is released centrally, it is still necessary to observe whether the expectations of residents in the future are weak. Next year's policy will maintain a relaxed environment, and real estate is expected to continue to improve.
