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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.
Mainland real estate stocks rose, with Shimao Group (00813) up 7.58%. China Securities Co., Ltd. stated that continuous policy implementation is expected to jointly support demand recovery.
Mainland real estate stocks rose, as of press time, Shimao Group (00813) rose 7.58%, China Vanke (02202) rose 6.08%, Shimao Group (00813) rose 5.71%, R&F Properties (02777) rose 5.19%, Agile Group (03383) rose 4.3%. CSC research reports commented on the company's business data in July that the top 100 real estate companies' sales were 302.8 billion yuan, a year-on-year decrease of 20.5%, a slight narrowing of 1.3 percentage points from the previous month. The enthusiasm of real estate companies to acquire land has recovered slightly in July, with the top 100 real estate companies adding a new value of 198.64 billion yuan,
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.
Agile Group Clarifies Annual Report Details
AGILE GROUP: SUPPLEMENTAL ANNOUNCEMENT TO 2023 ANNUAL REPORT
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