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UOL Unit, China Jinmao Wins Tender for Shanghai Residential Site
SingLand, UOL, Kheng Leong JV Secures Chinese Development Project With 8.9 Billion Yuan Bid
【Brokerage Focus】CITIC SEC indicates that land reserve has a significant impact on new construction work, and housing prices are expected to stabilize strongly.
Jinwu Financial News | CITIC SEC noted that according to various local government official websites, regions such as Guangdong, Hunan, and Jilin have previously released announcements regarding the repurchase of idle land stock with special bonds. Generally, if land stock is not acquired through special bonds, government announcement is not required. Some areas have started earlier and have more cases, for example, YUEXIU PROPERTY and CHINA JINMAO have both published relevant information from the perspective of listed companies. The institution stated that strict control over incremental effects exceeded expectations; it is anticipated that housing prices in first and second-tier cities will strongly stabilize, with moderate recovery in housing prices in certain cities. The institution believes that when considering the impact of land reserves on planned areas, the scale of land reserves by 2025 will be less than 10% compared to the planned area.
The Jin Mao Consortium secured the Hongkou plot for 8.9 billion, setting a record for the total price since the new land auction regulations were implemented in Shanghai last year.
① After as many as 184 rounds of competition, a plot in Hongkou District was won by the Jinmao & Qinglong joint venture for 8.964 billion yuan, with a transaction floor price of 117,474 yuan per square meter, and a premium rate of 38.2%; ② "This plot sets a new total price record since Shanghai implemented the 'Double High Double Competition' policy last August."
The Central Plains Valuation Index (main Banks) CVI latest reported at 41.26 points, falling for two consecutive weeks, reaching the lowest since the policy report in October last year.
Yang Mingyi, Senior Co-Director of the Research Department of Central Plains Real Estate, pointed out that the latest CVI this week reported 41.26 points, a decrease of 1.92 points from last week's 43.18 points.
The LPR Quote for February is out! The one-year and five-year rates remain unchanged.
The 1-year LPR is 3.1%, and the 5-year LPR is 3.6%, both unchanged from the previous values.
Venture118 : Nothing concrete, I’m not surprised…. Continue like tis may go back to last low
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天府山林 : China to almost double support for unfinished housing projects to $737 billion
【官方定调,房地产终于触底】https://www.backchina.com/news/2024/10/18/939490.html
103725026 : What happened?
103725026 : Oh, no movement.