01918 SUNAC
- 2.440
- +0.050+2.09%
SUNAC News
Market Chatter: Sunac Seeks Compensation for Botched Dalian Wanda Deal
Wanda stated that Sunac has no reason to request the repurchase of the 9.5 billion investment shares.
On the afternoon of December 20, it was reported that SUNAC has filed an arbitration against Wanda Group with the China International Economic and Trade Arbitration Commission, demanding Wanda pay 9.5 billion yuan for share repurchase. In response, an internal source from Wanda stated that SUNAC has no contractual basis to request Wanda to repurchase shares, thus the reason for the repurchase is not valid. According to authoritative sources, SUNAC has been looking to exit its 9.5 billion yuan investment in Wanda to recover funds, having submitted the arbitration to the China International Economic and Trade Arbitration Commission in January 2024, and the arbitration process has started in March 2024, after nearly a year of deliberation.
Hong Kong stocks are moving | Mainland Real Estate stocks generally fell in early trading. RONSHINECHINA (03301) once dropped nearly 7%, while SUNAC (01918) fell more than 3% in early trading.
Mainland Real Estate stocks fell sharply in early trading. As of the time of writing, RONSHINECHINA (03301) dropped by 5.81% to 0.405 Hong Kong dollars; SUNAC (01918) decreased by 2.86% to 2.38 Hong Kong dollars; R&F PROPERTIES (02777) fell by 2.72% to 1.43 Hong Kong dollars; SEAZEN (01030) declined by 2.13% to 1.84 Hong Kong dollars.
According to the Central Finger Research Institute: In November, the average transaction price of second-hand Residences in 100 cities fell by 0.57% month-on-month, while the Volume in Shenzhen doubled year-on-year.
Data monitoring shows that in November 2024, the average price of second-hand Residences in 100 cities is 14,278 yuan per square meter, a month-on-month decrease of 0.57%, narrowing the decline by 0.03 percentage points compared to October; a year-on-year decrease of 7.29%.
Keari Real Estate Research: In November, the Residence market transactions maintained a high level for the year.
In November, the supply scale grew month-on-month and year-on-year, with the supply volume in 100 typical cities at 15.07 million square meters, a year-on-year decrease of 26.3%, but a month-on-month increase of 43.4%.
Statistics Bureau: From January to November, national Real Estate Development investment decreased by 10.4% year-on-year.
Today, the National Bureau of Statistics released data showing that from January to November, national Real Estate Development investment was 9363.4 billion yuan, a year-on-year decrease of 10.4%; among which, Residence investment was 7119 billion yuan, a decrease of 10.5%.
CITIC SEC: The policy framework continues in 2025, with increased policy support helping the Real Estate sector stabilize and rebound.
In the medium to long term, China's real estate market has a broad base of genuine demand, and the supply-side reform has basically been completed, providing a promising development prospect for high-quality Real Estate Development companies.
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.
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