01918 SUNAC
- 3.630
- -0.970-21.09%
SUNAC News
Trending Stocks Today: CAPITAL VC Shoots up 87.5%
Hong Kong stocks fluctuate | Mainland real estate stocks plummeted in the morning, with several stocks falling more than 10%. Shimao Group (00813) once plunged by 35%.
Mainland real estate stocks tumbled in the morning session, as of the time of publication, Sunac (01918) fell by 18.91%, closing at 3.73 Hong Kong dollars; Shimao Group (00813) fell by 19.22%, closing at 2.27 Hong Kong dollars; R&F Properties (02777) fell by 18.21%, closing at 2.29 Hong Kong dollars.
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Express News | Sunac China - Accrual of Pik Interest Increases Outstanding Principal Amount of New Notes as at Interest Payment Date to US$6.00 Bln
Express News | Sunac China - Non-Cash Payment of Interest Relating to New Notes
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Hong Kong stocks surged | Mainland real estate stocks collectively opened higher, existing home loan interest rate cuts clarified, and new real estate policies introduced in three major first-tier cities.
Mainland real estate stocks opened collectively high, China Vanke (02202) rose by 14.99%, to 7.67 Hong Kong dollars; Longfor Group (00960) rose by 14.87%, to 15.76 Hong Kong dollars; Sino-Ocean GP (03377) rose by 14.81%, to 0.31 Hong Kong dollars.
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Kerui: Real estate sets the tone for 'stabilizing and rebounding.'
The Central Political Bureau meeting of the Communist Party of China pointed out that it is necessary to reduce the reserve requirement ratio, implement a substantial interest rate cut, and adjust down housing transaction taxes and fees. In this round, various types of taxes and fees related to housing transactions such as deed tax, value-added tax, personal income tax, etc. are reduced or exempted to promote housing consumption. For example, individuals purchasing the only residence are exempt from deed tax, while families purchasing the second or large-area improvement housing are eligible for a partial deed tax reduction. Additionally, measures such as shortening the duration of value-added tax and personal income tax exemption for housing transactions.
Hong Kong stock market concept tracking | Existing home loan interest rate cut imminent, real estate sector accelerates stabilization and valuation repair (with concept stocks)
Industry insiders predict that the specific plan for lowering the interest rates on existing housing loans is unlikely to be introduced before the "National Day" holiday.
HK stocks have seen unusual movements | Mainland real estate stocks are strong again, with a combination of policies releasing bullish signals. The market sales data is expected to bottom out.
Mainland real estate stocks strengthened again. As of the time of publication, Sunac (01918) rose by 7.69% to 1.26 Hong Kong dollars; Agile Group (03383) rose by 5.38% to 0.49 Hong Kong dollars; China Vanke (02202) rose by 5.34% to 4.93 Hong Kong dollars.
Middle Finger Research Institute: With the implementation of multiple bullish policies by the central bank, what impact will it have on the real estate market?
Overall, this time the central bank released multiple bullish news, which will have a positive impact on the macroeconomy and the real estate market. Various measures are being implemented together, with the hope of stabilizing housing prices and accelerating the bottoming out of the real estate market.
Trending Industry Today: SUNAC Leads Gains In China Mainland Real Estate Stocks
Expected to benefit 0.15 billion people, the new round of reduction in existing home loan interest rates is expected to come. Industry insiders: there is also a significant downward space for future newly issued housing loan interest rates.
①The most direct positive effect of lowering the interest rate for existing housing loans is to reduce the debt pressure of existing housing loan holders, lower the demand for early repayment, and may encourage these residents to increase investment or consumer spending in other areas. ②At the same time, the new policy also provides more preferential policies for homebuyers, hoping to lower the threshold for home purchase, reduce the cost of home purchase, and better meet the needs of rigid and improved housing.
How do you view the current real estate crediting support policies? Industry insiders: the significant differentiation characteristics are very prominent, and there is still a need to promote cross-bank mortgage conversions.
The central bank's intention is very clear, that is, to provide targeted and differentiated credit support policies for different groups of people. The reduction in down payment ratio is mainly aimed at middle-income homebuyers, while the policy of refinancing for affordable housing is mainly targeted at low-income individuals. Despite previous market voices suggesting that lowering existing home mortgage loans and changing mortgage types violates the spirit of contracts, from the current economic situation, such practices can reduce economic pressure on residents and indeed have the necessary implementation.
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