01918 SUNAC
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- -0.020-0.73%
SUNAC News
Market Chatter: Sunac China Gets Approval From Some Bondholders for Onshore Debt Restructuring Plan
Express News | Sunac China Bondholders Approve Two of Ten Bonds as Part of $2.1 Bln Onshore Bonds Restructuring Plan, Source Says
Hong Kong stocks move | Mainland real estate stocks opened higher across the board. The Political Bureau meeting emphasized to "stabilize the real estate market," and policies for both supply and demand in real estate are expected to increase.
Mainland real estate shares opened higher across the board. As of the time of writing, sunac (01918) rose 13.84% to HKD 3.29; ronshinechina (03301) rose 13.73% to HKD 0.58; radiance hldgs (09993) rose 12.65% to HKD 3.74.
Standard Chartered: It is expected that the Federal Reserve will cut interest rates by 125 basis points from the current period to the third quarter of next year. The housing market in Hong Kong is expected to stabilize in an L-shaped manner next year.
Although the usa's interest rate cut is slower than expected in both magnitude and speed, Hong Kong silver has reacted quite quickly to follow the usa's interest rate cut, hence it is expected that the real estate market will stabilize in an L-shaped manner next year.
Hong Kong stocks are fluctuating | Mainland real estate stocks have seen their decline widen in the morning, with the top 100 real estate companies reporting a 16.6% month-on-month drop in November performance, and the market is paying attention to subseq
Mainland real estate stocks extended their losses in the morning; as of the time of writing, Sunac (01918) fell by 5.56% to 2.38 Hong Kong dollars; China Vanke (02202) dropped 4.17% to 6.2 Hong Kong dollars; r&f properties (02777) decreased by 3.7% to 1.56 Hong Kong dollars; seazen (01030) fell by 2.53% to 1.93 Hong Kong dollars.
Ke Erui Research Center: In November, the performance of the top 100 real estate companies decreased by 16.6% month-on-month, with high investment focus and concentration.
Looking ahead to the market, Ke Rui believes that December coincides with the performance sprint season for real estate companies, and it is possible that some real estate companies will carry out year-end promotions to boost their performance. Considering this impact, overall transaction volumes are expected to rise month-on-month, showing a slight uptick.
China Finger Research Institute: In the 49th week of 2024, the sales area of new houses in 30 cities was 3.13 million square meters, a decrease of 28.7% compared to the previous period, and an increase of 21% year-on-year.
In the 49th week of 2024 (12.01-12.07), the new housing transaction area in 30 cities was 3.13 million square meters, a decrease of 28.7% from the previous period and an increase of 21% year-on-year.
Some Confidence Is Lacking In Sunac China Holdings Limited (HKG:1918) As Shares Slide 30%
Hong Kong stock announcement for profit hunting | china overseas cumulative contract property sales amounted to approximately 270.466 billion yuan in the first 11 months, a year-on-year decrease of 5.8%.
China Overseas Development (00688) reported that the cumulative contracted property sales amount in the first 11 months is approximately 270.466 billion yuan, a decrease of 5.8% year-on-year; Ganfenglithium (01772) will transfer 35% of its equity to the government of Mali.
Sunac China's November Sales Reach RMB45.39 Billion
sunac (01918.HK) accumulated contract sales amount of approximately 45.39 billion yuan in the first 11 months.
Gelonghui December 5th | Sunac (01918.HK) announced that in November 2024, the group achieved a contract sales amount of approximately RMB 1.61 billion, a contract sales area of approximately 0.144 million square meters, and an average contract sales price of approximately RMB 11,220 per square meter. As of the end of November 2024, the group has cumulatively achieved a contract sales amount of approximately RMB 45.39 billion, a cumulative contract sales area of approximately 2.123 million square meters, and an average contract sales price of approximately RMB 21,380 per square meter.
Express News | Sunac China - November Contracted Sales Value RMB1.61 Bln
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.
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.
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.
Hong Kong stocks fluctuate | All mainland real estate stocks fell, the sales of the top 100 real estate companies in November turned negative again, and the growth momentum slightly weakened.
Mainland real estate stocks fell, as of the deadline, ronshinechina (03301) dropped 7.14%, closing at 0.455 Hong Kong dollars; sino-ocean gp (03377) fell 4.92%, closing at 0.29 Hong Kong dollars; sunac (01918) fell 3.13%, closing at 2.48 Hong Kong dollars.
The Shenzhen real estate market has added "four fires."
Stabilizing after a decline.
Will the sales of the top 100 real estate companies drop month-on-month in November? Will there be a strong finish in December?
① November is the second complete calendar month after the "926" easing policy. Overall, real estate companies' sales have declined compared to October; ② "It is expected that real estate companies will maintain strong promotional efforts in December to boost performance, and sales in top 100 companies and core cities are likely to continue improving on a month-on-month and year-on-year basis."
Hong Kong stocks have shown unusual movements, with mainland real estate generally rising. In November, the top 100 real estate companies' sales volume showed a clear rebound compared to the third quarter, with expectations for a major conference continui
Mainland real estate stocks generally rose, as of the time of publication, Shimao Group (00813) rose by 6.31%, to HK$1.18; RonshineChina (03301) rose by 5.68%, to HK$0.465; Sunac (01918) rose by 4.03%, to HK$2.58.
sunac (01918.HK): Sun Island Group has acquired 46.67% equity of Harbin Ice and Snow World held by Harbin sunac Cultural Tourism for 1.021 billion yuan.
On November 29, Gelonghui reported that sunac (01918.HK) announced that on November 29, 2024, Harbin Sunac Cultural Tourism, Sun Island Group, and the target company Harbin Ice and Snow World Co., Ltd. entered into an agreement, under which Sun Island Group agreed to acquire 46.67% equity of the target company held by Harbin Sunac Cultural Tourism (i.e. the target equity) for approximately 1.021 billion yuan. Of this amount, approximately 0.2026 billion yuan will be used to repay the group's outstanding payments to the target company, around 0.414 billion yuan will be used to repay the pledge loan related to the target equity, and the remaining approximately 4.04 billion yuan.
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