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Keari Real Estate Research: In November, the Residence market transactions maintained a high level for the year.
In November, the supply scale grew month-on-month and year-on-year, with the supply volume in 100 typical cities at 15.07 million square meters, a year-on-year decrease of 26.3%, but a month-on-month increase of 43.4%.
Yuexiu Property Secures HK$1.20 Billion Term Loan Facility
YUEXIU PROPERTY (00123.HK) has been granted a term loan financing of 1.2 billion Hong Kong dollars.
On December 17, Gelonghui reported that YUEXIU PROPERTY (00123.HK) announced that on December 17, 2024, the company (as the borrower) entered into a financing agreement with a bank, under which the lender will provide a term loan financing of 1.2 billion HKD (or equivalent in RMB) subject to the terms and conditions of the financing agreement, with a loan period of 18 months from the date of the financing agreement.
Express News | Yuexiu Property - Term Loan Facility of HK$1,200 Mln Will Be Made Available by Bank to Co
[Brokerage Focus] SWHY expects the Real Estate Industry to bottom out and maintains a 'Bullish' rating on Real Estate and property management.
Gold Eagle Financial News | SWHY stated that over the past three years, China's Real Estate sector has undergone deep adjustments, and the effects of relaxed policies during this period have been limited. The bank believes that the core issue lies not in insufficient demand, but in the weakening of residents' balance sheets. The statements in September to 'stop the decline and stabilize' and in December to 'stabilize the Real Estate and stock markets' clarified the policy approach to repairing residents' balance sheets, demonstrating stronger policy effectiveness than before. The policy has entered a more targeted trajectory, and it is expected that more proactive and substantial policies will be introduced subsequently, with the Industry likely to reach a bottom. Considering that mid-term demand has support but short-term supply has constraints, the bank forecasts that the total will still be skewed next year.
Yuexiu Property (HKG:123) Has A Somewhat Strained Balance Sheet