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After a Year of 3.7% Returns, Hangzhou Binjiang Real Estate Group Co.,Ltd's (SZSE:002244) Share Price Drop Last Week May Have Less of an Impact on Institutional Investors
Guolian: The effects of the policy are becoming apparent, with marginal improvements in property/a-reit market sales in October.
According to the national statistics released in January-October 2024, the report on the basic situation of the national real estate market shows that the year-on-year decline in sales area, sales amount, and completed area has all narrowed.
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.
Hangzhou Binjiang Real Estate Group (002244.SZ): Acquired a plot of land for 1.3798 billion yuan.
On November 15th, Gelonghui reported that Hangzhou Binjiang Real Estate Group (002244.SZ) announced that on November 15, 2024, the company won the state-owned construction land use rights for plot No. 121 of Hangzhou government storage [2024], with a total land price of 1.3798 billion yuan.
China Securities Co., Ltd.: The implementation of related tax support policies promotes the stabilization of the real estate industry.
Local governments independently set the standards for land value-added tax, but the minimum pre-collection rate of land value-added tax in all regions is uniformly reduced by 0.5 percentage points, namely, it is reduced to 1.5%, 1%, 0.5% in the eastern, central, northeastern, and western regions respectively.
Guolian Securities: Tax incentives implemented to promote real estate transactions and alleviate pressure on real estate companies.
This policy adjustment, on one hand, increases the 1% tax rate area standard from 90 square meters to 140 square meters, while on the other hand, reduces the tax rate for second homes, simultaneously lowering the home purchase costs for first-time buyers and upgraders, with an expected improvement on the demand side.
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