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Express News | Yuexiu Property - Land Acquisition
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Hong Kong stocks surged | Mainland real estate stocks collectively opened higher, existing home loan interest rate cuts clarified, and new real estate policies introduced in three major first-tier cities.
Mainland real estate stocks opened collectively high, China Vanke (02202) rose by 14.99%, to 7.67 Hong Kong dollars; Longfor Group (00960) rose by 14.87%, to 15.76 Hong Kong dollars; Sino-Ocean GP (03377) rose by 14.81%, to 0.31 Hong Kong dollars.
YUEXIU PROPERTY: INTERIM REPORT 2024
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The Central Political Bureau meeting of the Communist Party of China pointed out that it is necessary to reduce the reserve requirement ratio, implement a substantial interest rate cut, and adjust down housing transaction taxes and fees. In this round, various types of taxes and fees related to housing transactions such as deed tax, value-added tax, personal income tax, etc. are reduced or exempted to promote housing consumption. For example, individuals purchasing the only residence are exempt from deed tax, while families purchasing the second or large-area improvement housing are eligible for a partial deed tax reduction. Additionally, measures such as shortening the duration of value-added tax and personal income tax exemption for housing transactions.
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Yuexiu Property Company Limited's (HKG:123) Largest Shareholders Are Private Companies Who Were Rewarded as Market Cap Surged HK$2.0b Last Week
yuexiu property (00123.HK) received a shareholding of 0.34 million shares from independent non-executive director Yu Lifa.
According to the latest equity disclosure data from the Hong Kong Stock Exchange on September 26, 2024, yuexiu property (00123.HK) has announced that independent non-executive director Yu Lifa acquired 0.34 million shares at an average price of HK$4.4253 per share, with a total investment of approximately HK$1.505 million on September 20, 2024. After the shareholding, Yu Lifa's latest shareholding amount is 0.6 million shares, with a shareholding ratio of 0.01%.
yuexiu property (00123): The amount of the '21 Hojien 05' putback is 0.193 billion yuan.
Yuexiu Property (00123) has announced that, based on the Guangzhou Urban Construction Development Co., Ltd.'s 2021 professional-oriented recruitment plan...
Hong Kong stock market concept tracking | Existing home loan interest rate cut imminent, real estate sector accelerates stabilization and valuation repair (with concept stocks)
Industry insiders predict that the specific plan for lowering the interest rates on existing housing loans is unlikely to be introduced before the "National Day" holiday.
[Special Guest V] Deng Shengxing: Global interest rate cuts continue to stimulate Hong Kong stocks to rebound significantly.
King's Financial Information | Hang Seng Index closed at 19,000 on Tuesday (24th), up 753 points or 4.1%; the total market turnover reached 242.3 billion yuan for the day. The National Index surged by 5.1% to 6714; the Technology Index also surged by 5.9% to 3915. Wu Qing, Chairman of the China Securities Regulatory Commission, stated that various measures will be taken to improve the quality and investment value of listed companies, shape a good market ecology for medium to long-term funds, and Hong Kong Exchanges and Clearing (00388) soared by 7.4%; Li Yunze, Head of the State Financial Regulatory Bureau, stated support for qualified insurance institutions to establish private equity securities investment funds, with China Life Insurance (02628) rising by 6.9%; Dow Jones closed higher on Tuesday (2
Middle Finger Research Institute: With the implementation of multiple bullish policies by the central bank, what impact will it have on the real estate market?
Overall, this time the central bank released multiple bullish news, which will have a positive impact on the macroeconomy and the real estate market. Various measures are being implemented together, with the hope of stabilizing housing prices and accelerating the bottoming out of the real estate market.
Expected to benefit 0.15 billion people, the new round of reduction in existing home loan interest rates is expected to come. Industry insiders: there is also a significant downward space for future newly issued housing loan interest rates.
①The most direct positive effect of lowering the interest rate for existing housing loans is to reduce the debt pressure of existing housing loan holders, lower the demand for early repayment, and may encourage these residents to increase investment or consumer spending in other areas. ②At the same time, the new policy also provides more preferential policies for homebuyers, hoping to lower the threshold for home purchase, reduce the cost of home purchase, and better meet the needs of rigid and improved housing.
How do you view the current real estate crediting support policies? Industry insiders: the significant differentiation characteristics are very prominent, and there is still a need to promote cross-bank mortgage conversions.
The central bank's intention is very clear, that is, to provide targeted and differentiated credit support policies for different groups of people. The reduction in down payment ratio is mainly aimed at middle-income homebuyers, while the policy of refinancing for affordable housing is mainly targeted at low-income individuals. Despite previous market voices suggesting that lowering existing home mortgage loans and changing mortgage types violates the spirit of contracts, from the current economic situation, such practices can reduce economic pressure on residents and indeed have the necessary implementation.
Existing home loan interest rates are about to be lowered by 50 basis points! Industry insiders: It can effectively curb the trend of early repayment, and deposit interest rates will be further reduced under the pressure of interest rate differentials.
1. The central bank announced that it will guide commercial banks to reduce existing mortgage rates to be close to the rates of new mortgages, with an average reduction of about 0.5 percentage points. 2. It is expected that the loan prime rate (LPR) and deposit rates will symmetrically decrease.
Major announcements on the real estate market and stock market were made by one line, one bureau, and one association.
1. The central bank: reduce the reserve requirement ratio, lower the interest rate on existing housing loans; establish a special refinancing facility to guide banks to provide loans to listed companies. 2. China Banking and Insurance Regulatory Commission: strengthen the core tier-one capital of 6 large commercial banks; reveal three optimization policies for renewing loans for small and micro enterprises. 3. China Securities Regulatory Commission: will issue opinions to promote the entry of medium and long-term funds into the market and six measures to promote mergers and acquisitions; support sovereign wealth funds to increase their shareholding in the capital markets.
Multiple bullish stimuli boost the strong performance of the real estate sector, with r&f properties surging over 10%.
How do institutions view reducing the interest rates and down payment ratios for existing housing loans? How does the market view the cancellation of the standard for ordinary residential housing?
Yuexiu Property [00123] is now trading at 4.65 Hong Kong dollars, with a rise of 5.20%.
As of 09:30, YueXiu Property [00123] reported HK$4.65, up HK$0.23 or 5.20% from yesterday's closing price of HK$4.42, with a turnover of 2.2928 million Hong Kong dollars. The highest price today is HK$4.65, and the lowest price is HK$4.5. Based on the closing price from yesterday, the 10-day average price is HK$5.98, and the 50-day average price is HK$4.74. The current P/E ratio is 6.19 times, and the 14-day Relative Strength Index is 62.30.
Yuexiu Property Co. Delays Key Land Deal Circular
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