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Sinolink Securities: Third Plenary Session of the 18th CPC Central Committee first proposed real estate. Second-hand housing prices in Beijing and Shanghai increased month-on-month.
The communique of the Third Plenary Session on the policy front first proposes to prevent and resolve real estate risks and point out the direction of future real estate development. It is expected that the previous policy of destocking will accelerate its implementation, restrictive policies will continue to be relaxed, and the new model of "indemnificatory apartments + commodity apartments" will accelerate its construction, speeding up the process of market stabilization.
According to Zhongzhi Research Institute, the merger and acquisition activity in the real estate industry continued to increase in June.
According to Zhongzhi Research Institute monitoring, there were 17 merger and acquisition trades in the real estate industry in June 2024, an increase of 2 compared to the previous month.
GF Sec: Land Activation Fund Established, New Home Sales Turn Positive year-on-year in early July.
GF sec released research reports stating that the state-owned assets supervision and administration commission has set up a special fund for land consolidation with a total size of 30 billion yuan and requires central SOEs to report pilot projects to try to solve the problem of long-term high inventory in the real estate market. On the local policy side, this week still mainly focuses on relaxing housing provident fund policies and providing housing subsidies to boost demand, and various regions are still exploring new policies to stimulate demand.
htsc: The land market supply and demand continues to be weak, focusing on real estate companies with core urban resources.
The land market is still weakly running in the first half of 2024, and the trend of shrinking volume continues, while the previously maintained rising transaction average price also decreased year-on-year in the first half of the year.
HTSC: Stabilization of housing prices in Beijing and Shanghai sends bullish signals and is expected to accelerate the recovery of the real estate market.
HTSC stated that several volume and price indicators in first-tier cities have shown improvement compared to the previous period. In particular, the cessation of the decline in housing prices in Beijing and Shanghai has conveyed bullish signals, and it is expected to accelerate the expectation of real estate market recovery. It is still necessary to continue to monitor the sustainability of the recovery of volume and price in core cities.
Chinese Property Share Prices Likely Volatile Ahead of Third Plenum -- Market Talk
Chinese property share prices will likely be volatile ahead of the mid-July third plenary session as investors speculate about further policy stimulus for the sector, Daiwa analyst William Wu says in a research note.
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whqqq : If China’s property market is posting these numbers it underpins strength in the greater economy and boosts consumer confidence.