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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
Brokerage Morning Meeting Highlights: The historical bottom of real estate stock valuation may have been established.
At today's brokerage morning meeting, China Securities Co.,Ltd. proposed supply-side optimization, suggesting to focus on industries such as steel, photovoltaic, cement, coal, and rare earths; htsc stated that domestic sales of household appliances are improving with stable exports, focusing on two major themes for the year 2025; China International Capital Corporation believes that the historical bottom of real estate stock valuation may have been established.
Changsha's housing provident fund introduces new policies: the minimum down payment ratio for the first and second set of housing is 20%, and the maximum loan amount can be increased to four times.
①Employees' families purchasing their first or second improved self-occupied housing applying for housing provident fund loans, the minimum down payment ratio is uniformly adjusted to 20%; ②The maximum loan amount for high-level talents in categories A, B, C, and D purchasing their first self-occupied housing can be increased to four times the maximum loan amount in Changsha.
Real estate policies continue to stimulate real estate stocks, r&f properties rose more than 5%.
① What are the main contents of the "Notice on Canceling the Standards for Ordinary Housing"? ② How do market policies affect the real estate market?
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