China Overseas Development (00688.HK): In October, the contractual property sales amount was 41.589 billion yuan, a 66% year-on-year increase.

November 6th, China Overseas Development (00688.HK) issued an announcement. In October 2024, the contract property sales amount of China Overseas series companies was approximately RMB 41.589 billion, a year-on-year increase of 66.0%; while the corresponding sales area was approximately 1.4526 million square meters, a year-on-year increase of 34.6%. From January to October 2024, the cumulative contract property sales amount of China Overseas series companies was approximately RMB 240.437 billion, with a corresponding cumulative sales area of approximately 9.083 million square meters. In addition, as of October 31, 2024, China Overseas series companies recorded

Gelonghui Finance04:09 ET

[Brokerage Focus] Haitong Int'l maintains a "outperform the market" rating on real estate. Institutions point out that there have been significant recent signs of loosening in industry policies.

Kinggor Financial News | haitong int'l released a research report, according to the sales performance ranking data for the period of January to October 2024 published by Ke Rui, the total sales amount of the top 100 real estate companies in terms of turnover reached 3,069.27 billion yuan, a decrease of 32.7% compared to the same period in 23, with a narrower decline of 3.9 percentage points compared to September; the equity amount reached 2,428.26 billion yuan, a decrease of 32.2% compared to the same period in 23, with a narrower decline of 4.0 percentage points compared to September, with an equity ratio of 79%. Looking at the situation in October 2024 alone, the top 100 real estate companies achieved a total sales amount of 435.41 billion yuan in terms of turnover, an increase of 73.0% compared to the previous month and 7.0% year-on-year. In October 2024, the top 100 real estate companies achieved equity sales of 343.27 billion yuan, an increase of 78.5% compared to the previous month and 9.9% year-on-year

Jingu Finance News01:59 ET

Ke Rui: In October, the performance of the top 100 real estate companies increased year-on-year for the first time this year, while investment remains cautious.

In October, corporate investment still remains cautious, with less than 20% of the top 100 companies in terms of land acquisition recording new land reserves in a single month. Key monitoring companies' investment expansion failed to continue the trend of stabilizing after the decline in September.

Zhitong FinanceNov 5 06:11 ET

China Real Estate Research Institute: The total amount of bonds financing for national real estate companies in October was 28.97 billion yuan, with a slight year-on-year increase for two consecutive months.

In October 2024, the total amount of real estate corporate bonds financing was 28.97 billion yuan, a year-on-year growth of 3.2%, with two consecutive months of positive growth due to the low base effect of the previous year, decreasing by 32.4% month-on-month.

Zhitong FinanceNov 5 00:58 ET

Mainland real estate stocks are all up. Sunac (01918) rose by 8.04%. The sales of the top 100 real estate companies in October increased by more than 70% month-on-month.

Golden Horse Financial News | Mainland real estate stocks all rose, Sunac (01918) rose by 8.04%, R&F Properties (02777) rose by 5.88%, China Jinmao (00817), Zhongliang Holdings (02772) rose by over 4%, China Overseas Development (00688) rose by 3.55%. Ping An Securities research reports show that in October, the top 100 real estate companies achieved sales of 465.4 billion yuan for the month, a month-on-month increase of 70.1% and a year-on-year increase of 4.9%; achieved sales area of 23.22 million square meters, a month-on-month increase of 52.1% and a year-on-year increase of 6.2%. China Real Estate Index Research Institute stated in a document, according to the China Real Estate Index.

Golden Guardian Financial NewsNov 4 21:06 ET

China's Property Market Likely to Continue Near-Term Recovery -- Market Talk

WSJNov 4 04:24 ET