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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.
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.
Hong Kong stocks fluctuate | Mainland real estate stocks collectively rise, top 100 real estate companies in October see year-on-year sales turning positive, market awaits continued efforts of new policies in November.
Mainland real estate stocks collectively rose. As of press time, Sunac (01918) rose by 8.04% to HKD 3.09; Zhongliang Hldg (02772) rose by 6.76% to HKD 0.158; R&F Properties (02777) rose by 6.54% to HKD 1.63.
China's Property Market Likely to Continue Near-Term Recovery -- Market Talk
Mainland real estate stocks collectively trended downwards in the Hong Kong stock market, with the overall industry performance continuing to be under pressure. The sustainability of policy effects is still to be observed.
Mainland real estate stocks collectively fell. As of the press deadline, Ronshinechina (03301) fell by 4.84%, closing at 0.59 Hong Kong dollars; Shimao Group (00813) fell by 4.76%, closing at 1.2 Hong Kong dollars; Agile Group (03383) fell by 4.3%, closing at 0.89 Hong Kong dollars.
Market Chatter: China Sees Slightly Faster Home Price Growth in October
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