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Zhongzhizhi Research Institute: In the first quarter of 2025, the average rent for residences in 50 cities has decreased by a cumulative 0.44%.
The Finger Research Institute published an article stating that in the first quarter of 2025, the average rent for Residences in key cities will see a slight cumulative decline.
The Central Finger Research Institute: In March, the average price of second-hand Residences in 100 cities decreased by 0.59% month-on-month, and the cumulative decline in the first quarter narrowed on a month-on-month basis.
In March, the second-hand housing market in key cities remained highly active, with the average price of second-hand Residences in 100 cities dropping by 0.59% month-on-month.
In April, the LPR remained unchanged. Industry insiders expect that the policy interest rate cuts in the second quarter will lead to a reduction in the LRR, and there is room for a decrease in mortgage rates within the year.
① Considering the changes in the external economic and trade environment, as well as the trends in the domestic Real Estate market and prices, industry insiders believe that the timing for "selective reductions in reserve requirements and interest rates" in the second quarter has matured, with the possibility of it occurring as early as April. ② The industry determines that the current interest rate cut may reach 30 basis points, similar to the total reduction for the previous year. This indicates that the next substantial policy-driven interest rate cuts will lead to a decrease in the LPR Quote, which in turn will guide the reduction of loan interest rates for businesses and households.
East Money Information Securities: In this cycle, the property market is gradually returning to its residential attribute. Attention should be paid to four main lines of logic.
If Property/A-REIT is regarded as a consumer good, its price logic will align more closely with changes in the purchasing power of different groups. Therefore, the future temperature differences in the housing market among different groups and the subjective differences between micro individuals and macro data may persist in the long term.
Xiangcai Securities: The sales decline in the Real Estate Industry has narrowed year-on-year, and support from the policy level is still needed on the investment side.
It is recommended to focus on two directions: (1) leading real estate companies with land acquisition capabilities and reasonable land reserve layouts, such as Poly Developments and Holdings Group (600048.SH) and (2) leading intermediary Institutions benefiting from the sustained activity in second-hand Trade, such as 5i5j Holding Group (000560.SZ).
Brokerage morning meeting highlights: Focus on sectors benefiting from domestic demand and investment opportunities in new consumer segments.
In today's Brokerage morning meeting, HTSC proposed to focus on investment opportunities in sectors benefiting from domestic demand and new Consumer sub-sectors; China Securities Co.,Ltd. stated that the decrease in Real Estate sales and new starts has significantly narrowed, showing ongoing effectiveness in stabilizing after the decline; Galaxy Securities believes that the coal and electricity regulation ability has been further strengthened, and the reconstruction of the sector's valuation is expected to accelerate.
Strong Week for LVGEM (China) Real Estate Investment (HKG:95) Shareholders Doesn't Alleviate Pain of Five-year Loss
