00123 YUEXIU PROPERTY
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YUEXIU PROPERTY News
Yuexiu Property CFO Resigns; Successor Appointed
China's Property Market Likely Boosted by Year-End Campaigns -- Market Talk
It's once again the annual mortgage repricing day, and Banks personnel candidly state that "revenue pressure is increasing." How to stabilize the interest margin under the expectation of interest rate cuts?
① With the arrival of the repricing cycle on January 1st, many industry professionals who spoke with reporters from the Financial Association stated that "revenue pressure is increasing." ② Looking ahead to 2025, many experts believe that the policy interest rates need to be further lowered during the year, and mortgage rates will continue to decline. ③ From the perspective of the Industry, controlling costs remains the primary measure each bank is taking to ease the downward pressure on interest margins.
Key cities in the real estate market showed a "tail-end" finish in December last year, with expectations for year-on-year growth still being positive in the first quarter.
In December, the real estate market concluded with a "tail-up" trend, and it is expected that there will still be positive year-on-year growth in the first quarter.
At the end of 2024, the top 100 real estate companies will see a rebound in sales, with the number of companies exceeding one billion reduced to 11.
By the end of 2024, the sales of the top 100 real estate companies will show a tail end market trend; the number of billion-yuan and hundred-million-yuan real estate companies continues to decrease, with the number of billion-yuan companies further reduced to 11 in 2024, returning to the level of 2016.
Hong Kong stocks are experiencing fluctuations | Most Mainland Real Estate stocks are down as the top 100 property companies continue to consolidate their sales in 2024, and the Industry landscape continues to differentiate.
Most Mainland Real Estate stocks fell. As of the time of writing, CH OVS G OCEANS (00081) dropped 3.39%, trading at 1.71 Hong Kong dollars; SEAZEN (01030) fell 3.3%, trading at 1.76 Hong Kong dollars; RONSHINECHINA (03301) decreased by 2.67%, trading at 0.365 Hong Kong dollars.
Kerry Real Estate: It takes time for the real estate market recovery to translate into investment. It is expected that corporate investment will continue to be cautious and differentiated next year.
In 2025, the core cities are expected to see localized investment hot spots, led by state-owned enterprises.
Yuexiu Property Unveils Board of Directors and Governance
YUEXIU PROPERTY (00123.HK) appointed Jiang Guoxiong as Executive Director and Co-General Manager.
On December 31, Gelonghui reported that YUEXIU PROPERTY (00123.HK) announced that, effective December 31, 2024: 1. Mr. Jiang Guoxiong has been appointed as the company's executive director and co-managing director, as well as a member of the Board of Directors' Environment, Social and Governance Committee; 2. Mr. Zhu Huisong has been transferred from co-managing director to general manager and vice chairman of the Board of Directors; 3. Ms. Chen Jing has resigned from the position of Chief Financial Officer but will continue to serve as an executive director; and 4. Mr. Zeng Zhizhao has been appointed as the Chief Financial Officer of the company.
Express News | Yuexiu Property - Zhu Huisong Re-Designated From Co-General Manager of Company to Vice Chairman
Express News | Yuexiu Property - Chen Jing Resigned as Chief Financial Officer
Yuexiu Property Co Updates Share Registrar in Hong Kong
2024 Shenzhen real estate summary: A record has been broken.
The housing market is facing headwinds.
Year-end review | In 2024, the CNI Yangtze Index mortgage rates will experience a "three consecutive declines". The LPR in 2025 is expected to continue to decrease, and mortgage rates are likely to stabilize at a low level.
① This year, the LPR has experienced three significant reductions, with the one-year LPR down a total of 35 basis points and the five-year LPR down a total of 60 basis points, both annual declines reaching new highs since the LPR reform. ② After the re-pricing at the beginning of 2025, the interest rate for existing first-time home loans will decrease by a total of 110 basis points to 3.3%. From the perspective of Consumer, the reduction in interest rates on existing home loans significantly boosts Consumer spending.
Brokerage morning meeting highlights: It is expected that 2025 will be the first year when the Real Estate Industry truly achieves stability and long-term development.
At today's Brokerage morning meeting, CITIC SEC proposed that 2025 will be the year when the Real Estate Industry truly stabilizes and moves forward; Tianfeng stated that industry demand is expected to recover, and the Autos Sector may gradually become optimistic; China Securities Co.,Ltd. pointed out that the current valuation of the Baijiu(Chinese Liquor) Sector remains low overall, highlighting its long-term investment value.
Hong Kong stocks morning report on December 31: The total amount of stock buybacks in Hong Kong exceeds 260 billion yuan for the year. In November, overall exports from Hong Kong grew 2.1% year-on-year.
① The company's total repurchase amount in Hong Kong stocks exceeded 263.4 billion Hong Kong dollars for the whole year. ② YUEXIU PROPERTY invested approximately 2.2 billion and jointly won a plot of land in Shanghai. ③ Guolian has completed the transfer of purchased Assets. ④ In November, exports from Hong Kong increased by 2.1% year-on-year.
The land market in core cities is partially heated in 2024, and a differentiated market trend may continue next year | Promoting the stabilization of the real estate market.
① In 2024, changes in the Real Estate Industry's land market will become an undeniable chapter. ② The support of special bonds for the acquisition of existing land and the adjustment of land auction policies in first-tier cities may have a significant impact on the future land market.
Yuexiu Property Co. Expands in Shanghai With Strategic Land Acquisition
YUEXIU PROPERTY (00123) successfully won the bid for a plot of land in Changning District, Shanghai through a consortium.
YUEXIU PROPERTY (00123) announced that on December 30, 2024, through a consortium, it successfully won the bid for the F1-09 plot of unit W040602 in Changning District, Shanghai through a public listing, for RMB 2.1825 billion.
YUEXIU PROPERTY (00123.HK) spent 2.18 billion yuan to acquire a land parcel in the Changning District of Shanghai.
Gelonghui December 30丨YUEXIU PROPERTY (00123.HK) announced that on December 30, 2024, through a consortium (definition see below), it successfully won the bid for the land plot W040602 unit F1-09 in Changning District, Shanghai, with a price of 2.18 billion yuan via public listing.
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