00123 YUEXIU PROPERTY
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YUEXIU PROPERTY News
Yuexiu Property Reports Sales Drop and New Land Acquisitions
Express News | Yuexiu Property - November Contracted Sales RMB10,021 Mln
The Shenzhen real estate market has added "four fires."
Stabilizing after a decline.
Will the sales of the top 100 real estate companies drop month-on-month in November? Will there be a strong finish in December?
① November is the second complete calendar month after the "926" easing policy. Overall, real estate companies' sales have declined compared to October; ② "It is expected that real estate companies will maintain strong promotional efforts in December to boost performance, and sales in top 100 companies and core cities are likely to continue improving on a month-on-month and year-on-year basis."
Hong Kong stocks have shown unusual movements, with mainland real estate generally rising. In November, the top 100 real estate companies' sales volume showed a clear rebound compared to the third quarter, with expectations for a major conference continui
Mainland real estate stocks generally rose, as of the time of publication, Shimao Group (00813) rose by 6.31%, to HK$1.18; RonshineChina (03301) rose by 5.68%, to HK$0.465; Sunac (01918) rose by 4.03%, to HK$2.58.
Yuexiu Property's Subsidiary, Partners Win Bid for Land in Shanghai
Yuexiu Property Explores Subsidiary Equity Sale
Yuexiu Property (00123): Guangdong United Equity Trade Center has received the application and submitted bid from the intended transferee.
Yuexiu Property (00123) released an announcement that the public listing announcement period has ended on November 28, 2024...
Express News | Yuexiu Property - Potential Disposal of Equity Interests in a Subsidiary Through Public Tender
Yuexiu Property (00123) won the bid for the Yangsi plot in Pudong, Shanghai, by a public listing method with 7.897 billion yuan.
Yuexiu Property (00123) announced that on November 27, 2024, through a consortium (definition found below)...
Express News | Yuexiu Property - Successfully Won Bid for Land Parcel 20B-12 at Unit Z000602 in Yangsi Community, Pudong, Shanghai
Express News | Yuexiu Property - Land Acquisition
China Galaxy Securities: The stable operation advantages of central and state-owned enterprises in real estate are highlighted, helping to navigate through cycles.
With the gradual increase in support from top-down policies for the industry, the valuation of leading real estate companies is expected to rise.
Follow up on Guangzhou! First-tier cities all cancel the standard of ordinary and non-ordinary residential properties, what is the market impact?
① With Guangzhou's official announcement today, all four first-tier cities have now canceled the standards for ordinary residences and non-ordinary residences. ② "For first-tier cities, after canceling the standards for ordinary residences and non-ordinary residences, it can significantly reduce the value-added tax costs in the second-hand housing trade process, lower transaction costs, and promote improving demand."
Yuexiu Property Co Unveils New 2025 Framework Agreements
The unchanged LPR in November meets market expectations. Industry insiders do not rule out the possibility of further interest rate cuts next year along with the reverse repurchase rate.
① By the end of the year, the economic running is expected to continue its upward trend, with policy interest rates likely to remain stable and LPR quote also expected to stay unchanged. ② There is a high possibility of further reductions in deposit rates in the future, coupled with the issuance of special treasury bonds to support large state-owned commercial banks in replenishing their core tier one capital, which is expected to gradually alleviate the interest spread and operational pressure for commercial banks. It is possible that next year the LPR quote may be accompanied by further interest rate cuts on reverse repurchase agreements.
According to the Finger Research Institute, in October, the average price of second-hand residences in 100 cities dropped by 7.27% compared to the same period last year.
According to data monitoring by the China Index Academy, in October 2024, the average price of second-hand residences in 100 cities was 14,360 yuan per square meter, a month-on-month decrease of 0.60%, narrowing the decline by 0.10 percentage points compared to September; a year-on-year decrease of 7.27%.
Guosen: Marginal improvement in real estate sales volume and price from January to October 2024, development investment has not yet improved.
Observing the sales scale relative to the historical same period, the sales volume and sales area of commodity housing in October are equivalent to 62% and 54% of the same period in 2019, still at a relatively low level, but have improved compared to the previous low point. The effects of a series of demand-side bullish policies introduced at the end of September are more pronounced.
Zhongtai: Policies stimulating the real estate industry to stabilize and rebound significantly in sales.
In October, the industry's sales growth rate showed a significant rebound, and market sentiment stabilized. On one hand, the effects of continuously easing policies began to emerge; more importantly, the Politburo meeting proposed the idea of "stopping the decline and stabilizing," allowing for the restoration of market confidence.
Pulling Back 9.1% This Week, Yuexiu Property's HKG:123) Five-year Decline in Earnings May Be Coming Into Investors Focus
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