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Mainland Real Estate generally rose, COUNTRY GARDEN (02007) increased by 3.57%. Institutions expect that policy adjustments in first-tier cities will provide strong support for the demand side.
Jinwu Financial News | Mainland Real Estate stocks generally rose, with SINO-OCEAN GP (03377) up 4.41%, COUNTRY GARDEN (02007) up 3.57%, LONGFOR GROUP (00960) up 3.22%, CHINA VANKE (02202) up 2.55%, and R&F PROPERTIES (02777) up 2.48%. Huafu Securities pointed out in its report that on January 21, Peking issued the "Guiding Opinions on the Price Contribution or Equity Participation for State-owned Construction Land Use Rights for Urban Renewal Projects to Support Socio-economic Development (Trial)", which defines the framework for the pricing contribution system of state-owned land. The institution believes that this policy effectively reduces the participation of enterprises.
Zhongzhong Research Institute: It is expected that the demand for shop leasing may be released in 2025, but short-term rents may continue to be under pressure.
Looking ahead to 2025, the office market may continue the weak state of 2024, remaining in a bottom consolidation period, with demand moderately recovering to some extent, but short-term rents may continue to face pressure.
[Brokerage Focus] Fitch states that the domestic real estate Industry is still troubled by structural problems and expects that prices of newly built Commodities will remain under pressure until 2025.
Jinwu Financial News | Timothy G. Wong, Senior Director at Fitch Ratings and Head of Real Estate Ratings in China, stated that the agency expects the operating environment for Chinese real estate companies to remain under pressure this year. Fitch predicts that due to a decline in both total transaction area and average selling price (down by 10% and 5% respectively), the total sales volume of newly built Commodity Residences in China will decrease by 15% in 2025, reaching approximately 7.3 trillion yuan. A series of policy measures introduced by the government have somewhat boosted the recent sentiment in the Real Estate market, but whether the sector can maintain long-term improvement remains uncertain, given the high inventory levels, weak employment environment, and relatively low housing affordability for buyers.
Mainland Real Estate stocks generally declined, COUNTRY GARDEN (02007) fell by 13.16%. Institutions expect that the Volume of Residence transactions will see a certain drop compared to the previous month in January of this year.
Jinwu Financial News | Mainland Real Estate stocks are broadly declining. As of the time of this report, COUNTRY GARDEN (02007) is down 13.16%, SHIMAO GROUP (00813) is down 7.37%, AGILE GROUP (03383) is down 4.48%, LONGFOR GROUP (00960) is down 4.16%, and CHINA VANKE (02202) is down 2.96%. In terms of news, the China Index Academy released the "Top 10 Cities Second-hand Housing Price Map for December 2024" on the 16th. According to the China Real Estate Index System's 100-city price index, the average price of second-hand Residences in 100 cities is expected to drop by 0.53% month-on-month in December 2024, with the decline slightly narrowing compared to the previous month.
【Special Contributor】Deng Shengxing: The market continues to look forward to the improvement of Sino-U.S. relations, A-shares and Hong Kong stocks are performing well.
Jinwu Finance News | The Hang Seng Index closed at 20,106 on Tuesday (21st), up 180 points or 0.91%. The market's total turnover for the day was 147.9 billion yuan. The national index rose by 85 points or 1.2%, reaching 7,320; the tech index increased by 98 points or 2.1%, closing at 4,693. Research Institutions Counterpoint estimate that mobile phone shipments in mainland China are expected to increase by over 10% in the first quarter, with mobile and chip stocks thriving. SMIC (00981) surged by 6.3%, reaching a multi-year high; the Shenzhen government reportedly supports Vanke's (02202) Operation, causing the stock price to soar by 9.1%; COUNTRY GARDEN (02007) has reached the resumption guidelines and resumed trading this morning.
Country Garden Resumes Trading on Hong Kong Bourse
