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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.
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.
Stocks in Focus: Greentown China (03900) up more than 6%, winning three plots of land in Shanghai for 1.2 billion yuan, continuously acquiring land in Hangzhou headquarters this year.
Greentown China (03900) rose more than 6%, as of press time, up 6.14%, at HKD 6.22, with a turnover of HKD 22.7703 million.
Hong Kong stock market moves: Mainland real estate sector collectively rises, various regional property markets release bullish signals, and supply and demand policies continue to drive the sector.
Mainland real estate stocks collectively rose. As of press time, Shimao Group (00813) rose by 10.61% to HKD0.73; Sino-Ocean Group (03377) rose by 7.81% to HKD0.345; Sunac (01918) rose by 6.93% to HKD1.08.
Greentown China Holdings Logs 10.6 Billion Yuan Sales in July
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