Central enterprise real estate upstarts are quietly rising
Author | Editor Cao Anxun | Zhou Zhiyu Real Estate has been in business for 40 years. The leading real estate companies have rotated several times. Once famous giants such as Evergrande and Country Garden, have fallen one after another, and a number of state-owned enterprises and state-owned giants have risen to prominence. China Construction Yipin, a slightly unfamiliar name, is a rising star. This subsidiary of China Construction, which came out of Wuhan, has quite a bit of ambition. It hopes to sell for the “top 20 in the country” this year; in the first 4 months, China Construction Yipin added a new land value of 26.29 billion yuan, ranking 5th in the industry. China Construction Yipin works with central and state-owned enterprises such as Greentown, C&D, Yuexiu, and Huafa
The boss of the housing enterprise tasted the sweetness of the New Deal
Author | Editor Cao Anxun | Zhou Zhiyu's new property market policy is being implemented at an accelerated pace. On May 28, Guangzhou issued an article to follow up on the New Deal. The number of visitors to the Poly Merchants Huafa Central Mansion in Old Huangpu, which had just been open for three days, increased significantly on the same day, and responded to the policy to support a 15% down payment ratio for the first package. Sales are also actively promoting policies to customers to solicit customers. Previously, as the first project launched in Guangzhou after the “517” New Deal, the Central Mansion had caught up with a wave of excitement stimulated by the New Deal. It lost about 40% in one day and sold 180 units. Within three days of opening, 220 units were sold, with sales exceeding 700 million yuan. An industry insider in the Guangzhou market pointed out that
“Real Estate Brother” returns to 100 billion dollars in market value
Boosts confidence.
[Broker Focus] Anxin International expects the 2024 MSCI China Real Estate Index trend to be weaker than the MSCI China Index
Jinwu Financial News | Anxin International said that China's real estate market is being adjusted to try to restore buyers' confidence. There is a clear trend of market cooling. It is expected that the relaxation of regulatory policies will continue, which will have a positive impact on the industry, but sales recovery is still uncertain. The real estate sector's discount rate compared to the MSCI China Index is 35%, which is lower than the historical average. The profitability of housing enterprises still needs to be improved. Profit is expected to grow 5-10% per year in 2024-25, lower than MSCI China's 14%. Therefore, the bank expects the 2024 MSCI China Real Estate Index to be weaker than the MSCI China Index. The bank continued, considering state-owned housing enterprises
Market Chatter: China’s Top Property Firms Post 59% Drop in April Home Sales
Chinese Stocks End Mixed; Property Sector Broadly Weaken -- Market Talk