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GREENTOWN CHINA (03900.HK) has signed a 2025 construction agreement with the China Communications Construction Group.
GREENTOWN CHINA (03900.HK) announced that on January 22, 2025, the company signed a construction framework agreement with China Communications Construction Group, concerning the provision of construction services by China Communications Construction Group or its subsidiaries to the group from time to time, with a duration until December 31, 2027, covering three fiscal years. Apart from the trade cap, the terms and conditions of the 2025 construction framework agreement are basically consistent with the 2022 construction framework agreement.
The three major Hong Kong stock indices are steadily rising, with Real Estate stocks leading the performance due to bullish factors.
① What factors contributed to today's performance of the Hong Kong stock market? ② Why are Consumer Electronics-related stocks continuously favored by the market?
According to the index research, the cumulative decline in the prices of second-hand houses nationwide in the fourth quarter of 2024 is narrowing, and the prices in first-tier cities have shown significant stabilization.
According to data monitoring by the Middle Finger Research Institute, in the fourth quarter of 2024, the cumulative decline in second-hand housing prices across all tiers of cities has narrowed, with a significant stabilization in prices in first-tier cities.
The LPR remained unchanged in January. Will mortgage rates decrease again in 2025?
① Since January, the policy interest rates, which are the basis for LPR Quotes, have stabilized, suggesting that the January LPR Quote will remain unchanged. ② There is a possibility of interest rate cuts in the first half of 2025, with the total reduction expected to reach 50 basis points for the year, which is higher than the 30 basis points reduction from the previous year, leading to a significant downward adjustment of the LPR Quote.
Keenan Securities: Real Estate sales in the fourth quarter are stabilizing marginally, and the annual scale of starts and completions has significantly contracted.
The expected sales data for January is weak, and the sustainability of market recovery still needs to be observed.
[Brokerage Focus] Ping An Securities: As the Spring Festival holiday approaches, the real estate Industry is expected to enter a period of sluggish transactions in the short term.
Jinwoo Financial News | Ping An Securities has released its monthly report on the real estate Industry. With the approach of the Spring Festival holiday, it is expected that short-term transactions will enter a period of stagnation. In the mid-term view, the current high point of the property market in terms of volume and price has clearly receded. Coupled with the reduction of down payments and interest rates, the threshold for residents to purchase property has significantly improved. Although the existing inventory is high and expectations for housing prices and income still constrain the property market's performance, it is believed that the sharp decline in the market has passed. As more high-efficiency, high-quality products enter the market, some demand may flow back from the second-hand housing market to the new housing market, leading to a stabilization of high-quality products in the market first. The short-term focus should be on the performance from after the Spring Festival to March. On the indiv
