GF Sec: Land Activation Fund Established, New Home Sales Turn Positive year-on-year in early July.

GF sec released research reports stating that the state-owned assets supervision and administration commission has set up a special fund for land consolidation with a total size of 30 billion yuan and requires central SOEs to report pilot projects to try to solve the problem of long-term high inventory in the real estate market. On the local policy side, this week still mainly focuses on relaxing housing provident fund policies and providing housing subsidies to boost demand, and various regions are still exploring new policies to stimulate demand.

Zhitong FinanceJul 8 04:55 ET

htsc: The land market supply and demand continues to be weak, focusing on real estate companies with core urban resources.

The land market is still weakly running in the first half of 2024, and the trend of shrinking volume continues, while the previously maintained rising transaction average price also decreased year-on-year in the first half of the year.

Zhitong FinanceJul 7 20:09 ET

HTSC: Stabilization of housing prices in Beijing and Shanghai sends bullish signals and is expected to accelerate the recovery of the real estate market.

HTSC stated that several volume and price indicators in first-tier cities have shown improvement compared to the previous period. In particular, the cessation of the decline in housing prices in Beijing and Shanghai has conveyed bullish signals, and it is expected to accelerate the expectation of real estate market recovery. It is still necessary to continue to monitor the sustainability of the recovery of volume and price in core cities.

Zhitong FinanceJul 2 19:13 ET

Chinese Property Share Prices Likely Volatile Ahead of Third Plenum -- Market Talk

Chinese property share prices will likely be volatile ahead of the mid-July third plenary session as investors speculate about further policy stimulus for the sector, Daiwa analyst William Wu says in a research note.

WSJJul 1 23:22 ET

htsc: There are signs of real estate sales recovery after the new policy.

HTSC stated that since 517, there have been signs of real estate sales recovery.

Zhitong FinanceJul 1 19:36 ET

Ke Rui: In the first half of the year, the total amount of land acquired by the top 100 real estate companies decreased by 40% year-on-year, which is the largest decline since 2023.

Overall, in the first six months, corporate investment has continued to shrink. The total amount of land acquired by the top 100 investors in the first half of the year decreased by 40% year-on-year, the largest decline since 2023.

Zhitong FinanceJul 1 06:19 ET