In many areas of fujian, mortgage rates have been adjusted to 3.1%. Experts say that ultra-low rates are unsustainable and banks are correcting their "involution-style" competition.

①In multiple cities in Fujian Province including Xiamen, Fuzhou, Putian, etc., the housing loan interest rate has been uniformly raised from 3.05% to 3.1%. ②The unclear lower limit of interest rates has caused internal price competition among banks, this adjustment is a correction to excessively low interest rates and does not mean policy tightening.

cls.cnDec 4 06:59 ET

Will the first home loan interest rate in Qingdao be raised to 3.1%? Several local banks responded.

① Most bank branch staff have indicated that they have not yet received any notification about an increase; a few bank branch personnel, however, admitted that there is a possibility of an increase; ② The cost and revenue of mortgage lending need to be balanced, and some banks previously offered favorable interest rates that are generally at the extreme position of such a smooth line. Even if there are adjustments, mortgage rates remain at a relatively low level overall.

cls.cnDec 4 00:16 ET

What "bottlenecks" are faced when repurchasing existing land? Real estate companies: price is one important factor.

The "stumbling block" issues that arise in revitalizing idle inventory land include the difficulty of reaching a consensus on the recycling price of the original plots between companies and the government. If the land is reclaimed at the current market price, the willingness of companies to participate is not high. There are many restrictions on the adjustment of land types, which involve the need to make additional land price payments; Analysts believe that the inventory idle land that can generate incremental value and achieve financial balance after being reclaimed, or the focus of current local government acquisitions.

cls.cnDec 4 00:11 ET

Grandway Research: Maintains a 'buy' rating on China Res Land, with the target price lowered to HK$32.4.

Daiwa Capital Markets released a research report stating it maintains a "buy" rating for china res land (01109), and has reduced its earnings forecasts for 2025 and 2026 by 4.5% and 10.4% respectively, with a corresponding target price cut of 14%, from HKD 37.67 to HKD 32.4. The firm noted visits to the Runhong City in Shenzhen's Guangming District and the china res mixc (01209) mall in Nanshan District; it mentioned that Runland's latest property sales and shopping mall tenants both recorded good growth, although the growth in November slightly slowed down, it still showed improvement compared to the third quarter. Runland's management is bullish on the profit margins of development properties next year and remains cautious.

Sina Hong Kong StockDec 3 04:13 ET

China Resources Land: Positioned for Success With Strong Recurring Income and Strategic Growth

TipRanksDec 3 03:27 ET

CR Land-China Overseas Land JV Wins Bid for Shenzhen Site

MT NewswiresDec 3 03:09 ET