Hong Kong stock movement | Mainland Real Estate stocks fell broadly in the early session, with many stocks declining over 3%. Institutions stated that the Sector is under pressure, reflecting the market's ongoing doubts about the sustainability of transac
Mainland Real Estate stocks fell broadly in the morning session. As of the time of this report, SINO-OCEAN GP (03377) dropped 5.6% to HKD 0.236; SUNAC (01918) fell 3.8% to HKD 2.28; R&F PROPERTIES (02777) declined 3.57% to HKD 1.35; SEAZEN (01030) decreased 2.23% to HKD 1.75.
Kerry Real Estate Research: In 2024, the national land transaction scale will continue to shrink as inventory decreases, and the support from city investment will remain strong.
According to a report released by CRIC Real Estate Research, it is expected that by 2025, more high-quality and high-priced land parcels will be transacted, and in terms of trade scale, it is also expected to stabilize at a low level that matches the scale of Commodity transactions.
Express News | Sunac China Bondholders Approve Four More Bonds as Part of $2.1 Bln Onshore Bonds Restructuring Plan, Source Says
Express News | Sunac China Further Delays Voting Deadline for Rest of the Bonds to Dec 27, Source Says
Why has the implementation of Real Estate 'acquisition' been slow?
① "Although some places have announced the situation of storage, overall, the acquisition of stock land and commercial housing in various regions faces multiple difficulties, making the related implementation work not easy." ② Whether it is repurchasing idle land or acquiring existing commercial housing, there is a certain time interval from raising funds to completing the storage; how to ensure that funds can be effectively circulated within a certain period and achieve expected returns is also a factor that various regions have to consider.
Some Mainland Real Estate stocks are weakening. RONSHINECHINA (03301) fell by 4.76%. Institutions indicate that the overall Real Estate market may still be in the bottoming phase in 2025.
Jinwu Financial News | Mainland Real Estate stocks have weakened; as of the time of writing, RONSHINECHINA (03301) is down 4.76%, R&F PROPERTIES (02777) is down 2.74%, SUNAC (01918) is down 1.23%, and CHINA VANKE (02202) is down 1.25%. In terms of news, a report released by the China Index Academy shows that in 2024, influenced by the large-scale entry of subsidized rental housing and weak expectations for household income, rents for residences in key cities are expected to decline. From January to November, the average rent for residences in 50 cities nationwide has decreased by 2.72%, with first-tier, second-tier, and third-fourth tier representative cities experiencing a decline of 2.2%.
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.