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The real estate sector has two consecutive surges, the China Southern CSI All Share Real Estate ETF and the real estate ETF rose by 2%.
Reducing inventory of existing homes is one of the main focuses of current real estate policies.
The central government supports the real estate industry to accelerate destocking and the industry will rebound significantly with multiple supports.
Recently, the real estate industry has gradually shown bullish signals, providing logical support for a new round of real estate cycle.
GTJA: Real estate industry still focused on destocking, suggesting balanced allocation.
GTJA Securities released a research report stating that from January to July 2024, the scale of land acquisition by real estate companies continued to shrink significantly year-on-year, reflecting a further increase in the concentration of central and state-owned enterprises.
Country Garden Logs 3.4 Billion Yuan Contracted Sales for July
Country Garden (02007.HK) had a contracted sales amount of about 3.41 billion yuan in July, attributable to shareholders' equity.
On August 5th, Country Garden (02007.HK) announced that the company, together with its subsidiaries, joint ventures, and associated companies, achieved a contract sales amount of approximately RMB 3.41 billion, and a contract sales area of approximately 0.38 million square meters attributable to the company's shareholders' equity in July 2024.
Express News | Country Garden Holdings - July Contracted Sales Attributable Approximately RMB 3.41 Bln,
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