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China's Property Transaction Volumes May Notch Growth Next Year
Mainland real estate stocks rebounded against the market. Sunac (01918) rose more than 5%. Institutions pointed out that the market is expected to gradually stabilize and rebound from first-tier cities in batches and regions.
金吾财讯 | Mainland real estate stocks rebounded in the morning, with zhongliang hldg (02772) up 6.92%, sunac (01918) up 5.26%, r&f properties (02777) up 3.37%, china res land (01109) up 3.01%, longfor group (00960), china overseas (00688) up over 2%. Citic Securities stated that the real estate policy determination is firm and being implemented step by step. The bank predicts that the real estate market is expected to gradually stabilize starting from first-tier cities in batches and regions. The bank forecasts that by 2025, China's commodity housing sales, new construction area, completed area will
[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
Hong Kong stock concept tracking | The real estate sector has shown clear policy effects of 'stabilizing after the decline,' with significant valuation repair in the property sector (including concept stocks).
In the past month, the policy combination to stabilize the real estate market and stop its decline has shown significant effectiveness.
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.
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