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Home Prices in Major Chinese Cities Show Slight Improvement
China Academy of Urban Planning and Design: Expectations for the real estate market and buyers' confidence have somewhat recovered, with a significant increase in the activity of the real estate market in October.
Currently, the volume and price of the core urban market have shown preliminary signs of stabilizing after a decline. If further supportive policies can be introduced in the future to consolidate the effects of previous policies, core cities may have the potential to achieve stabilization after a decline.
Hong Kong stocks fluctuated | Mainland real estate stocks fell further in the afternoon as the real estate increment policy still has room, with new housing supply falling back in November.
Mainland real estate stocks widened their afternoon decline. As of press time, RonshineChina (03301) fell by 7.94% to HKD 0.58; Sino-Ocean Group (03377) fell by 7.89% to HKD 0.35; Zhongliang Hldg (02772) fell by 6.62% to HKD 0.141.
This year, the cumulative issuance of real estate bonds decreased by 20% year-on-year, indicating a possible policy turning point.
Tail risk mitigation, configuration plate can seize the secondary securities selection opportunity.
Support for the upcoming real estate tax policy, however, mainland real estate stocks collectively weakened. Shimao Group (00813) fell by 9.21%.
Jingu Financial News | Mainland real estate stocks collectively weakened, as of the time of publication, Shimao Group (00813) fell by 9.21%, Sunac (01918) and Agile Group (03383) fell by 8.26%, China Vanke (02202) fell by 6.38%, Longfor Group (00960) fell by 5.54%. On the news front, the People's Bank of China released the third quarter of 2024 China mmf policy implementation report, focusing on promoting incremental policies in real estate finance to take effect, guiding financial institutions to strengthen financial support, meeting the rigid and diversified housing needs of urban and rural residents, actively supporting the acquisition of existing stock.
Hong Kong stocks fluctuate | Mainland real estate stocks lead the decline in the morning, supporting the upcoming introduction of tax policies related to real estate, real estate is expected to stabilize and bottom out.
Mainland real estate stocks led the decline in the morning session. As of the time of publication, R&F Properties (02777) fell by 8.33% to HK$1.98; Sunac (01918) fell by 7.34% to HK$3.03; RonshineChina (03301) fell by 6.06% to HK$0.62; Seazen (01030) fell by 4.94% to HK$2.31.
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