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Hang Lung Properties Limited's (HKG:101) P/E Is Still On The Mark Following 29% Share Price Bounce
332 units were sold out in 3 and a half hours. After optimizing the real estate policies, Shenzhen has seen a "sunlight disk".
According to the information disclosed by the Shenzhen Real Estate Association on the evening of October 13, this year there are only 7 projects in Shenzhen with a registration-to-closing ratio exceeding 1:1, but on the opening day, there was only the Hyde Park project which was a 'sunshine home' previously; Longhua Shenye Shangcheng Xuefu is the second 'sunshine plate' in Shenzhen this year. Not only in new homes, but also in the Shenzhen second-hand housing market, there are also relatively obvious signs of warming up.
Ministry of Finance releases major measures to stabilize the real estate market: Special bonds can be used to purchase existing properties, optimizing related tax policies.
1. Following the People's Bank of China and other three financial ministries, the Ministry of Finance has also released a major policy favorable to the stability of the real estate market; 2. Specifically, the Ministry of Finance has outlined the future direction of real estate financial policies from three aspects, namely allowing special bonds to be used for land reserves, allowing special bonds to purchase existing houses, and optimizing and improving relevant tax policies.
Up to 1 million yuan! Qingdao and Quanzhou have increased the housing provident fund loan amount today. In October, six cities have implemented preferential housing loan policies.
①Today, Qingdao and Quanzhou have announced further optimization measures for real estate, including unifying the minimum down payment ratio for housing loans and increasing the maximum amount of housing provident fund loans. Since October, many places have also optimized housing provident fund crediting policies. ②Industry insiders believe that the current financial policies are relatively loose, playing an important role in boosting real estate trade.
Unified lowered to LPR-30BP! The reduction of existing house loan interest rates is imminent, and ICBC has already "spoiled" the schedule.
How much money can be saved after the adjustment?
Futu: Maintains a buy rating on Hang Lung Properties with a target price of 8 Hong Kong dollars
Credit Suisse released a research report stating that it maintains a 'buy' rating on Hang Lung Properties (00101) with a target price of 8 Hong Kong dollars. The company's management believes that luxury goods are still a key focus and a guarantee of continued leadership. The bank pointed out that Hang Lung Properties' sales trend in the third quarter of this year is still facing challenges, with a 15% year-on-year decrease in total tenant sales in the first 9 months, higher than the 13% in the first half of 2024, while luxury goods remained flat. The soft retail sales from the beginning of the year until now are mainly due to a double-digit decrease in average spending, partially offset by a double-digit growth in the member base and a single-digit increase in visit frequency. However, there have been some early improvements during the National Day period.
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