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The real estate sector has two consecutive surges, the China Southern CSI All Share Real Estate ETF and the real estate ETF rose by 2%.
Reducing inventory of existing homes is one of the main focuses of current real estate policies.
The central government supports the real estate industry to accelerate destocking and the industry will rebound significantly with multiple supports.
Recently, the real estate industry has gradually shown bullish signals, providing logical support for a new round of real estate cycle.
GTJA: Real estate industry still focused on destocking, suggesting balanced allocation.
GTJA Securities released a research report stating that from January to July 2024, the scale of land acquisition by real estate companies continued to shrink significantly year-on-year, reflecting a further increase in the concentration of central and state-owned enterprises.
Hong Kong Stock Concept Tracking | Shanghai sees the most expensive ground king again! Real estate welcomes multiple policy bullish, and the sector's valuation may be partially restored. (Attached with concept stocks)
Recently, the real estate industry has received multiple bullish policies.
China Overseas Grand Oceans Schedules Financial Review
China overseas development has seen a cumulative property sales amount of approximately 161.57 billion yuan in the first seven months, a year-on-year decrease of 15.9%.
China Overseas Development (00688) announced that in July 2024, the contracted property sales of China Overseas series companies amounted to approximately RMB 13.192 billion, a year-on-year increase of 10.4%; while the corresponding sales area was approximately 0.5464 million square meters, a year-on-year decrease of 4.4%. From January to July 2024, China Overseas series companies' accumulated contracted property sales amounted to approximately RMB 161.57 billion, and the corresponding cumulative sales area was approximately 5.9855 million square meters, a year-on-year decrease of 15.9% and 30.5%, respectively. In addition, as of July 31, 2024, the China Overseas series company
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