Hong Kong stocks are experiencing fluctuations | Mainland Real Estate stocks broadly declined in the morning session, with RONSHINECHINA (03301) falling over 4% and AGILE GROUP (03383) dropping more than 3%.
Mainland Real Estate stocks fell broadly in early trading. As of the time of writing, RONSHINECHINA (03301) fell by 4.3% to 0.445 Hong Kong dollars; AGILE GROUP (03383) fell by 3.61% to 0.8 Hong Kong dollars; YUEXIU PROPERTY (00123) fell by 3.24% to 5.38 Hong Kong dollars.
Statistics Bureau: From January to November, national Real Estate Development investment decreased by 10.4% year-on-year.
Today, the National Bureau of Statistics released data showing that from January to November, national Real Estate Development investment was 9363.4 billion yuan, a year-on-year decrease of 10.4%; among which, Residence investment was 7119 billion yuan, a decrease of 10.5%.
CITIC SEC: The policy framework continues in 2025, with increased policy support helping the Real Estate sector stabilize and rebound.
In the medium to long term, China's real estate market has a broad base of genuine demand, and the supply-side reform has basically been completed, providing a promising development prospect for high-quality Real Estate Development companies.
Hong Kong stocks move | Mainland real estate stocks opened higher across the board. The Political Bureau meeting emphasized to "stabilize the real estate market," and policies for both supply and demand in real estate are expected to increase.
Mainland real estate shares opened higher across the board. As of the time of writing, sunac (01918) rose 13.84% to HKD 3.29; ronshinechina (03301) rose 13.73% to HKD 0.58; radiance hldgs (09993) rose 12.65% to HKD 3.74.
Standard Chartered: It is expected that the Federal Reserve will cut interest rates by 125 basis points from the current period to the third quarter of next year. The housing market in Hong Kong is expected to stabilize in an L-shaped manner next year.
Although the usa's interest rate cut is slower than expected in both magnitude and speed, Hong Kong silver has reacted quite quickly to follow the usa's interest rate cut, hence it is expected that the real estate market will stabilize in an L-shaped manner next year.
Ke Erui Research Center: In November, the performance of the top 100 real estate companies decreased by 16.6% month-on-month, with high investment focus and concentration.
Looking ahead to the market, Ke Rui believes that December coincides with the performance sprint season for real estate companies, and it is possible that some real estate companies will carry out year-end promotions to boost their performance. Considering this impact, overall transaction volumes are expected to rise month-on-month, showing a slight uptick.
China Finger Research Institute: In the 49th week of 2024, the sales area of new houses in 30 cities was 3.13 million square meters, a decrease of 28.7% compared to the previous period, and an increase of 21% year-on-year.
In the 49th week of 2024 (12.01-12.07), the new housing transaction area in 30 cities was 3.13 million square meters, a decrease of 28.7% from the previous period and an increase of 21% year-on-year.
Mainland real estate stocks fell across the board, yuexiu property (00123) decreased by 3.33%, and the sales of the top 100 real estate companies fell compared to the previous month.
Jinwu Financial News | Mainland real estate stocks are all down, with Yuexiu property (00123) falling 3.33%, c&d intl group (01908) down 3.03%, longfor group (00960) down 2.89%, shimao group (00813) down 2.54%, and china overseas (00688) down 2.33%. According to the report from Zhongyou Securities, data from CRIC indicates that in November, the top 100 real estate companies achieved a sales amount of 363.35 billion yuan, a month-on-month decline of 16.6%, but still an increase of 44.3% compared to September; a year-on-year decrease of 6.9%, with the single-month performance drop being lower than in previous years.
In many areas of fujian, mortgage rates have been adjusted to 3.1%. Experts say that ultra-low rates are unsustainable and banks are correcting their "involution-style" competition.
①In multiple cities in Fujian Province including Xiamen, Fuzhou, Putian, etc., the housing loan interest rate has been uniformly raised from 3.05% to 3.1%. ②The unclear lower limit of interest rates has caused internal price competition among banks, this adjustment is a correction to excessively low interest rates and does not mean policy tightening.
Yuexiu Property Wins Bid for Land Parcel in Guangzhou, China for 1.90 Billion Yuan
Yuexiu Property Units to Dispose of 100% Stake in Subsidiary for 1.09 Billion Yuan
Will the first home loan interest rate in Qingdao be raised to 3.1%? Several local banks responded.
① Most bank branch staff have indicated that they have not yet received any notification about an increase; a few bank branch personnel, however, admitted that there is a possibility of an increase; ② The cost and revenue of mortgage lending need to be balanced, and some banks previously offered favorable interest rates that are generally at the extreme position of such a smooth line. Even if there are adjustments, mortgage rates remain at a relatively low level overall.
What "bottlenecks" are faced when repurchasing existing land? Real estate companies: price is one important factor.
The "stumbling block" issues that arise in revitalizing idle inventory land include the difficulty of reaching a consensus on the recycling price of the original plots between companies and the government. If the land is reclaimed at the current market price, the willingness of companies to participate is not high. There are many restrictions on the adjustment of land types, which involve the need to make additional land price payments; Analysts believe that the inventory idle land that can generate incremental value and achieve financial balance after being reclaimed, or the focus of current local government acquisitions.
Selected announcement | SenseTime completes organizational restructuring, focusing on core businesses such as generative AI; zijin mining group completes delivery of the Peru gold mine project.
In the first 11 months, yuexiu property had a cumulative contract sales of 101.02 billion yuan, a year-on-year decrease of approximately 24%; Fangzhou Jianke was included in the hang seng hong kong-listed biotech index constituent stocks.
Hong Kong stocks morning report on December 4: The situation in south korea causes a huge shock in asset prices, while the trends of china concept stocks show divergence.
① South Korea's President Yoon Suk-yeol suddenly launched an emergency martial law, but Congress resisted and voted to reject it. ② The USA's labor market shows subtle changes: the number of job vacancies rebounds. ③ The number of CEOs leaving their positions in the USA this year has reached a record high. ④ Yen arbitrage trading is thriving, and the Bank of Japan is reaching for the "interest rate knife." ⑤ The three major US stock indexes had mixed results, with the Nasdaq and the S&P 500 index continuing to set new closing highs, while the trend of china concept stocks showed divergence.
Yuexiu Property Co Sells Subsidiary for RMB1.09 Billion
Yuexiu Property (00123.HK) announced the sale of all equity in Guangzhou Hongcheng Development, with the transaction amount exceeding 1 billion yuan.
On December 4, Gelonghui reported that yuexiu property (00123.HK) announced a potential sale of 100% of the equity of the target company (Guangzhou Hongcheng Development Co., Ltd., a wholly-owned subsidiary of the company) through a public listing at the guangdong United Property Exchange Center. On December 3, 2024, the seller (Jinwang and Huazhen Technology Services, both indirect wholly-owned subsidiaries of the company) and the buyer (Guangzhou Renyao Economic News Consulting Co., Ltd., a direct wholly-owned subsidiary of the planned management party) entered into an equity transfer agreement, whereby the seller has agreed to sell and the buyer has agreed to purchase 100% of the equity of the target company, at a price.
Express News | Yuexiu Property - Disposal of Entire Equity Interests in Guangzhou Grandcity Development for RMB1.09 Bln
Hong Kong stock announcement | Guangzhou Automobile Group: plans to transfer 18.82% equity of Jiuwan Technology Research to Guangzhou Industrial Conglomerates.
Guangzhou Automobile Group (02238) and its wholly-owned subsidiary Guangzhou Capital plan to transfer 18.82% equity of Juwan Research to Guangzhou Industrial Conglomerates; zijin mining group (02899): The La Arena gold mine and Phase II project in Peru have completed the transfer.
Express News | Yuexiu Property - Won Bid for Land Parcel in Guangzhou