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The sales of the top 100 real estate companies in Silver October have turned the corner, with over 80% performance growth compared to the previous month.
①Affected by favorable policies and real estate developers' promotions, the sales of the top 100 real estate companies in October achieved a year-over-year positive growth for the first time this year. ②Among them, 83 real estate companies saw a month-on-month sales increase, with 33 more compared to September; 38 real estate companies experienced a year-on-year sales growth, with 22 more than in September.
Hong Kong stocks are on the move | Mainland real estate stocks collectively opened high, with sales of the top 100 real estate companies in October increasing by over 70% month-on-month. The policy combination continues to exert force.
Mainland real estate stocks opened high collectively. As of the time of publication, China Jinmao (00817) rose by 2.48% to HKD 1.24; Longfor Group (00960) rose by 2.06% to HKD 12.88; China res land (01109) rose by 1.93% to HKD 26.35; Midea real est (03990) rose by 3.61% to HKD 3.44.
Zhongzhi Research Institute: The year-on-year decline in the total amount of land acquisition by the TOP100 real estate companies has slightly widened. State-owned enterprises and local state-owned assets remain the block orders.
Overall, in 2024, the national land market still shows a trend of shrinking volume, with real estate companies remaining cautious in land acquisition. Top companies have a low land acquisition to sales ratio, with the average land acquisition to sales ratio of the top 20 companies being less than 20%.
Rules for the normalization of existing house loan interest rates have arrived! Understand it in one article.
①Preliminary statistics show that as of October 28, 21 nationwide banks have completed batch adjustments, totaling 53.667 million transactions, reducing the outstanding housing loan interest rates by 25.2 trillion yuan. ②After this round of batch adjustments, the interest rates for existing housing loans have been reduced to 3.3%. If the gap between existing and new housing loan rates is greater than 30 basis points, it will drive a new round of reductions in existing housing loan rates.
Citic sec: The peak of land supply in the fourth quarter has arrived, marking the beginning of asset differentiation in the second quarter.
The bank expects that starting from the fourth quarter of 2024, the magnitude by which the market share of large companies acquiring land may surpass the sales market share could widen again.
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