Ni Hong, the Minister of Housing and Urban-Rural Development, spoke at the Two Sessions: four major measures to ensure the stability and recovery of the real estate market.
① "We will work with relevant departments to combine short and long-term measures, addressing both symptoms and root causes, and resolutely stabilize the real estate market," said Ni Hong, the Minister of Housing and Urban-Rural Development. ② Regarding how to stabilize the real estate market, Ni Hong stated that efforts will be made in four aspects.
Brokerage morning meeting highlights: The combination of AI applications and high-quality Hardware carriers brings new growth opportunities in Consumer scenarios.
In today's brokerage morning meeting, China International Capital Corporation stated that the market performance in the second half of the year is expected to be better than in the first half; Sinolink believes that the probability of achieving a "stop falling and stabilize" target in the real estate sector by 2025 is relatively high; Huaxi pointed out that the combination of AI applications with high-quality Hardware carriers brings new growth opportunities in Consumer scenarios.
The government work report first mentioned "stabilizing the real estate market" and first-tier cities are expected to continue to reduce restrictive measures.
① Chen Changsheng, deputy director of the State Council Research Office, stated that including stabilizing the real estate and stock markets in the overall requirements of the "Government Work Report" is the first time; ② The government work report today mentioned, "Policies are adjusted based on local conditions to reduce restrictive measures," which indicates an important direction for this year's policies, namely that the purchase restrictions may still be adjusted and optimized.
One of Hong Kong's four major families, the Cheng Yu Tung family, is also under pressure as NEW WORLD DEV plans to sell Assets worth 1 billion yuan in Hangzhou.
① The Cheng Yu-tong family, one of Hong Kong's four major families, is alleviating financial pressure through asset sales and discounted property sales under their company NEW WORLD DEV. ② Reports indicate that NEW WORLD DEV plans to sell a Grade A office building located in Hangzhou, with a Market Cap of approximately 1 billion yuan.
The Jin Mao Consortium secured the Hongkou plot for 8.9 billion, setting a record for the total price since the new land auction regulations were implemented in Shanghai last year.
① After as many as 184 rounds of competition, a plot in Hongkou District was won by the Jinmao & Qinglong joint venture for 8.964 billion yuan, with a transaction floor price of 117,474 yuan per square meter, and a premium rate of 38.2%; ② "This plot sets a new total price record since Shanghai implemented the 'Double High Double Competition' policy last August."
The LPR Quote for February is out! The one-year and five-year rates remain unchanged.
The 1-year LPR is 3.1%, and the 5-year LPR is 3.6%, both unchanged from the previous values.