01238 POWERLONG
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POWERLONG News
In September, the month-on-month decline in housing prices in 70 cities narrowed, enhancing the signal of real estate "stabilizing after the decline".
①In September, the selling prices of residential commodities are still in a downward trend, however, the downward trend has slightly slowed down, showing initial signs of improvement; ②Analysts predict that in October, the price declines of new and second-hand houses in 70 cities will further narrow.
Citic Securities: Repurchasing land to reduce market supply, increasing core urban demand for monetary resettlement.
Monetized relocation of urban villages is also beneficial for increasing short-term market demand.
Hong Kong stocks concept tracking | Real estate whitelist crediting scale expansion is bullish for stabilizing the industry chain (with concept stocks)
The expansion of the support amount for the 'white list' in this project helps to further alleviate delivery risks.
Policy is bullish, why did the real estate sector fall instead? Public interpretation of the meeting of the Ministry of Housing and Urban-Rural Development and other five departments.
Why did the real estate sector fall instead under the bullish news? Public discussion on the Ministry of Housing and Urban-Rural Development's new policy of 'two increases'. Institutions pointed out that the combination of the Ministry of Housing and Urban-Rural Development conference and fiscalized debt policies reflects the strength of the policies.
shanghai introduces new housing provident fund policy to lower the threshold for purchasing second homes for improvement purposes.
①"In Shanghai, the commercial loan interest rate for the second housing is higher than the housing provident fund loan rate, so most home buyers choose a combination loan to reduce the monthly payment pressure. Therefore, adjusting the down payment ratio of the housing provident fund loan in Shanghai will play a certain role in reducing the threshold for this type of demand. " ② The analyst believes that the starting point of Shanghai's housing provident fund policy is to match the down payment ratio policy of commercial loans in order to further stimulate the vitality of demand for improved housing.
4 trillion crediting, one million sets of urban village renovations. Five departments jointly promote the stabilization of the real estate market with a heavyweight "combination of punches".
Five departments jointly exerting force, the real estate market's "combination punch" is coming in full force, parallel to the restructuring of millions of urban villages and a 4 trillion crediting scale, which will further boost confidence in the real estate market. Ni Hong expressed full confidence in the stabilizing real estate market. "China's real estate, under a series of policy influences, has undergone continuous adjustments over three years, and the market has already begun to stabilize. The relevant data for October will definitely be positive and optimistic."
In history, how much investment was driven by "monetization resettlement"?
According to swhy, from 2015 to 2018, the total scale of the shantytown redevelopment special loans reached 4.53 trillion yuan, with central subsidies/local self-owned funds estimated at a cumulative 0.63 trillion yuan, and other natured resource sources (including commercial banks loans, shantytown redevelopment special bonds) 1.09 trillion yuan, total investment of 6.26 trillion yuan.
China Boosts Credit to Shore up Property Market
Hang Seng Index solidly holds the 20,000 point mark! The three major Hong Kong stock indices collectively adjust, with real estate stocks going against the trend and performing strongly.
①How do institutions evaluate the weak performance of Hong Kong stocks? ②What news stimulated the sharp rise of Chabaida today? ③What is the reason for the strength of the golden industrial concept?
China Finger Research Institute: In September 2024, the total amount of bonds financing for real estate enterprises was 42.83 billion yuan, an 8.0% year-on-year increase.
According to the China Index Research Institute, in September 2024, the total amount of bonds financing for real estate companies was 42.83 billion yuan, an 8.0% year-on-year increase. Affected by the low base of the previous year, the year-on-year growth turned positive, but decreased by 22% month-on-month.
Hong Kong stock market anomaly | Mainland real estate stocks generally open high, five departments will hold a press conference on real estate tomorrow.
Mainland real estate stocks generally opened high, r&f properties (02777) rose by 5.33%, closing at 1.58 Hong Kong dollars; longfor group (00960) rose by 4.84%, closing at 13.44 Hong Kong dollars; sunac (01918) rose by 4.55%, closing at 2.3 Hong Kong dollars.
Insider Buys Additional CN¥4.7m In Powerlong Real Estate Holdings Stock
Powerlong (01238.HK) received a shareholding of 1.077 million shares from Wason Holdings Limited.
According to the latest equity disclosure data from the Hong Kong Stock Exchange on October 15, 2024, powerlong (01238.HK) received shares from Wason Holdings Limited at an average price of 0.6337 Hong Kong dollars per share on October 10, 2024, increasing its stake by 1.077 million shares, with a total investment of approximately 0.6825 million Hong Kong dollars. After the shareholding, Wason Holdings Limited's latest number of shares held is 249,523,000 shares, and its shareholding ratio has increased from 6.00% to 6.03%.
332 units were sold out in 3 and a half hours. After optimizing the real estate policies, Shenzhen has seen a "sunlight disk".
According to the information disclosed by the Shenzhen Real Estate Association on the evening of October 13, this year there are only 7 projects in Shenzhen with a registration-to-closing ratio exceeding 1:1, but on the opening day, there was only the Hyde Park project which was a 'sunshine home' previously; Longhua Shenye Shangcheng Xuefu is the second 'sunshine plate' in Shenzhen this year. Not only in new homes, but also in the Shenzhen second-hand housing market, there are also relatively obvious signs of warming up.
Powerlong (01238.HK) announced that director and chairman Xu Jiankang increased his shareholding by 2.94 million shares.
On October 14, GeLongHui reported that according to the latest equity disclosure data from the Stock Exchange, on October 9, 2024, Powerlong (01238.HK) director and chairman Hui Kang Hsing acquired 2.94 million shares at an average price of 0.5906 Hong Kong dollars per share, involving about 1.7364 million Hong Kong dollars. After the shareholding, Hui Kang Hsing's latest number of shares held is 1,827,871,000 shares, and the shareholding ratio increased from 44.08% to 44.15%.
Ministry of Finance releases major measures to stabilize the real estate market: Special bonds can be used to purchase existing properties, optimizing related tax policies.
1. Following the People's Bank of China and other three financial ministries, the Ministry of Finance has also released a major policy favorable to the stability of the real estate market; 2. Specifically, the Ministry of Finance has outlined the future direction of real estate financial policies from three aspects, namely allowing special bonds to be used for land reserves, allowing special bonds to purchase existing houses, and optimizing and improving relevant tax policies.
Up to 1 million yuan! Qingdao and Quanzhou have increased the housing provident fund loan amount today. In October, six cities have implemented preferential housing loan policies.
①Today, Qingdao and Quanzhou have announced further optimization measures for real estate, including unifying the minimum down payment ratio for housing loans and increasing the maximum amount of housing provident fund loans. Since October, many places have also optimized housing provident fund crediting policies. ②Industry insiders believe that the current financial policies are relatively loose, playing an important role in boosting real estate trade.
Unified lowered to LPR-30BP! The reduction of existing house loan interest rates is imminent, and ICBC has already "spoiled" the schedule.
How much money can be saved after the adjustment?
Ke Holdings Research Institute: During the National Day holiday, the transaction volume of second-hand houses in the top 50 cities is close to double that of the same period last year.
In May 2024, the new policy "517" for the real estate market was implemented, with the average commercial loan interest rate for first homes in one hundred cities dropping to 3.45%, and the average rate for second homes dropping to 3.90%.
New home and second-hand home sales have significantly rebounded, showing signs of recovery in the Hong Kong property market amid interest rate cuts and stock market recovery.
In the first week of October, the sales volume of second-hand houses in Hong Kong skyrocketed by 60% compared to the previous week, reaching the highest level in six months. Jefferies Financial expects that the Hong Kong real estate market is expected to bottom out, with next year's house price growth expected to be in the single digits; but there are also views that in the case of excessive housing inventory and weak economic growth, the recovery of the Hong Kong property market remains challenging.
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