Some mainland real estate stocks rose against the market, with Sunac (01918) up 2.68%. Institutions indicated that under the continuous policy efforts in recent period, the housing prices in core cities are expected to become stable.
Some mainland real estate stocks rose against the market, with Shimao Group (00813) up 4.94%, Sino-Ocean Group (03377) up 4.17%, Sunac (01918) up 2.68%, Logan Group (03380) up 2.67%, and Radiance Hldgs (09993) up 1.91%. Inflation data for June in the USA was lower than expected, increasing expectations for a rate cut by the Federal Reserve. Some analysts pointed out that a rate cut by the Federal Reserve would lead to an inflow of funds from the USA to other markets, including China and Hong Kong, which would increase the liquidity of the Hong Kong stock market. At the same time, due to the inflow of funds and improved market expectations, real estate stocks in the Hong Kong stock market
Hong Kong stocks surge: most mainland real estate stocks rebound in early trading, and the decline in new home sales in June narrows. Guangzhou's mortgage interest rates have been lowered again.
Mainland real estate stocks rebounded in early trading. As of press time, Shimao Group (00813) rose by 9.88% to HKD 0.89, and Sino-Ocean Group (03377) rose by 4.17% to HKD 0.375.
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.
Hong Kong Stocks Watch: Mainland real estate stocks continue to decline in early trading, with most companies' performance announcements under pressure. Various indicators in the first half of the year continued to build a bottom.
Mainland real estate stocks continued to fall in early trading. As of press time, Sino-Ocean GP (03377) fell by 4%, reporting HKD 0.36; China Overseas (00688) fell by 3.45%, reporting HKD 13.42; R&F Properties (02777) fell by 3.41%, reporting HKD 0.85.
Shanghai will develop new technologies such as embodied intelligence and generative AI. By 2027, it will preliminarily establish a highland for retirement technology innovation and industrial development.
The Shanghai Municipal People's Government Office issued a notice on the 'Shanghai Retirement Technology Innovation and Development Action Plan'.
Sino-Ocean Group Logs Nearly 8.8 Billion Yuan in June Contracted Sales
Sino-Ocean Group Holding (HKG:3377) recorded contracted sales of approximately 8.77 billion yuan in June, with a contracted sales gross floor area (GFA) of 507,000 square meters, according to a
Hong Kong stocks fluctuate | Mainland real estate stocks rose in early trading. New home sales in the first week of July turned positive year-on-year, and the effect of real estate policies is expected to continue to be released.
According to the WiseNews app, mainland real estate shares rose across the board in early trading, as of press time, Sino-Ocean Gp(03377) increased by 4.76%, to HKD 0.33, Seazen(01030) rose by 4.62%, to HKD 1.36, Shimao Group(00813) increased by 4.62%, to HKD 0.68, Cifi Hold Gp(00884) increased by 3.39%, to HKD 0.305. On the news front, according to statistics from Caitong Securities, the sales volume of commodity housing in the top 30 cities increased by 3.33 million square meters in the 27th week, an increase of 21.2% MoM and 31.9% YoY. In terms of city levels, the top 30
Sino-Ocean GP (03377.HK): The cumulative contracted sales in the first half of the year were RMB 18.33 billion.
Sino-Ocean Group (03377.HK) announced that the company, together with its subsidiaries, joint ventures, and associated companies, has a collective agreement sales of approximately RMB 8.77 billion for June 2024. The agreed sales floor area is about 0.507 million square meters, and the agreed average selling price is about RMB 17,300 per square meter. The cumulative agreed sales for January to June 2024 is approximately RMB 18.33 billion. The agreed sales floor area is approximately 1.5141 million square meters, with an agreed average selling price of about RMB 12,100 per square meter.
Express News | Sino-Ocean Group - June Contracted Sales RMB8.77 Bln
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.
State-owned real estate developers are facing a pivotal moment in their destiny.
Author | Cao Anxun Editor | Zhou Zhiyu Under the continuous weak recovery of the market, Sino-ocean Group, once the "first red chip stock" and the representative of Beijing-style real estate enterprises, could not escape from facing a battle that would determine its future destiny. On June 28, Sino-ocean announced that the overall overseas debt restructuring plan had made significant progress, and discussions with the overseas bank consortium coordination committee had entered the final stage, and agreement had been reached on key terms. Some industry insiders said that following the market practice, after the plan is reached, the company will probably open a signing window for the restructuring support agreement ("RSA"), which will provide important guarantees for the passage of the overall plan. This
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.
htsc: There are signs of real estate sales recovery after the new policy.
HTSC stated that since 517, there have been signs of real estate sales recovery.
Ke Rui: In the first half of the year, the total amount of land acquired by the top 100 real estate companies decreased by 40% year-on-year, which is the largest decline since 2023.
Overall, in the first six months, corporate investment has continued to shrink. The total amount of land acquired by the top 100 investors in the first half of the year decreased by 40% year-on-year, the largest decline since 2023.
HK Stocks | Sino-Ocean GP (03377) opened more than 14% lower, facing liquidation request, major progress made in overseas debt restructuring.
Zhī tōng cái jīng APP learned that Sino-Ocean GP (03377) opened more than 14% lower. As of the publication of this article, it has fallen by 14.67%, closing at HK$ 0.32 with a turnover of HK$ 1.1672 million. On the news front, Sino-Ocean GP announced that the company received a winding-up petition from The Bank of New York Mellon, London Branch in the High Court of the Hong Kong Special Administrative Region, regarding unpaid secured notes, amounting to a total principal amount of US$400 million and accrued interest, issued by Sino-Ocean Treasure IV Limited and guaranteed by the company, which mature in 2026. In addition, Sino-Ocean GP announced that it has reached an agreement on its current overseas flow.
Express News | Sino-Ocean Group - Will Work With Advisers to Facilitate Formulation of Practicable Restructuring Proposal for Group's Offshore Debts
Express News | Sino-Ocean Group - of View That Petition Does Not Represent Interests of Other Stakeholders and May Impair Value of Co
Express News | Sino-Ocean Group - Currently No Intention to Apply for Validation Order From High Court for Transfer of Shares in Co
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