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New-Home Prices in China's Major Cities Fell in August -- WSJ
Expectations for a further reduction in loan interest rates for existing housing have risen again, and mainland real estate stocks have shown a strong upward momentum. Midea Real Estate (03990) rose by 8.56%.
Golden Finance News | The mainland real estate market is strong, with Midea Real Estate (03990) up 8.56%, China Jinmao (00817) up 4.76%, China Resources Land (01109) up 4.64%, Longfor Group (00960) up 4.36%, C&D Intl Group (01908) up 4.42%, Logan Group (03380) up 4.05%, Cifi Holdings Group (00884) up 3.67%. On the news front, according to informed sources, China may possibly lower the interest rate for existing housing loans as early as September, reducing the borrowing costs for millions of households and striving to stimulate the market.
This REIT With a 15% Yield May Have a Dividend Problem. Here's Why. -- Barrons.com
Longfor Group [00960] is now trading at HKD 7.89, a decrease of 5.05%.
As of 15:44, Longfor Group [00960] reported HK$7.89, a decrease of HK$0.42 or 5.05% from the previous closing price of HK$8.31. The transaction amount is HK$200.3846 million, the highest price today is HK$8.34, the lowest price is HK$7.89. Based on the closing price from yesterday, the 10-day average price is HK$14.03, the 50-day average price is HK$11.30, and the current PE ratio is 5.98 times. The 14-day strength and weakness index is reported as 58.17.
Is real estate inventory declining according to the Zhongzhi Institute?
According to a report by the China Index Academy, the inventory clearance cycle is dynamic and is influenced by both the inventory size and the market sales speed. With a significant reduction in land supply, the market is entering a stage of spontaneous inventory clearance. However, the current real estate sales still face adjustment pressure, and the pace of inventory clearance relying solely on market forces is relatively slow. Therefore, policy support is still needed.
Longfor Group Logs 6.5 Billion Yuan Contracted Sales in August; Shares Down 3%
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