No Data
No Data
The 5-year LPR has dropped sharply by 60 basis points this year, refreshing the historical lowest record, and the real estate market is expected to welcome a "warm winter".
1. The central bank has lowered the loan market benchmark interest rate LPR for the third time this year, with a cumulative reduction of 60 basis points in the 5-year LPR, setting a new historical record. 2. "Interest rate cuts are conducive to stabilizing expectations in the real estate market. It is expected that some cities, especially first-tier and second-tier cities, will gradually stabilize, with the market quickly stabilizing, becoming a trend. It is expected that in the fourth quarter of 2024, a warm winter market will appear in certain market ranges."
In October, the LPR was lowered, and the LPR for more than 5 years has cumulatively decreased by 60 basis points this year. Existing house loan residents may save more than 0.24 million in interest.
①After the downward adjustment of the October LPR quote, it will drive a greater reduction in corporate and residential loan interest rates, thereby stimulating financing demand for the real economy, promoting consumption, expanding investment, boosting economic growth momentum, and driving a moderate rebound in commodity prices. ②Looking ahead, focusing on stabilizing and revitalizing the real estate market to boost economic growth momentum, drive a moderate rebound in commodity prices, there may still be some room for a downward adjustment of the LPR quote in 2025.
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.
No Data
No Data
Venture118 : Nothing concrete, I’m not surprised…. Continue like tis may go back to last low
吉星天府 : 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