$LONGFOR GROUP (00960.HK)$ Currently in China for Holiday, seeing all the abandoned uncompleted housing that overrun by nature with my own eyes. FYI this is yunnan
1⃣ China's Jan-Sept realestate development investment fell by 10.1% y/y to 7.87 trillion yuan. 2⃣Residential housing sales areas decline narrowed to -17.1% y/y at 703 million square meters, and the total sales down by 22.7% y/y to 6.89 trillion yuan. (narrowed) 3⃣Developing funds in place down 20.0% y/y(narrowed) to 7.89 trillion yuan. 4️⃣Sentiment 92.41 $LONGFOR GROUP (00960.HK)$$CG SERVICES (06098.HK)$$AGILE GROUP (03383.HK)$$EVERGRANDE (03333.HK)$
I’d be worried if the rate of decline does not significantly lessen in October given the reports of a more active buyer market since the National Day holiday. ALL CHINA SEPT NEW HOME PRICES -0.7% M/M (AUG -0.7%), -5.8% Y/Y (AUG -5.3%). STABILIZED M/M, WITH Y/Y DECLINES WIDENING. HOME PRICES FELL M/M IN 66 OF 70 CITIES VS. 67 IN AUG, FELL Y/Y IN 68 CITIES, VS 68 IN AUG. $CG SERVICES (06098.HK)$$LONGFOR GROUP (00960.HK)$$EVERGRANDE (03333.HK)$$AGILE GROUP (03383.HK)$
Today, it appears it has been successful based on the amount of approved loans made - DOUBLE the original budget. And now, Beijing is boosting that original budget by almost 3X to 4 trillion yuan. Seems as if a recovery was already starting to take form underneath the surface. Now, they are addressing the demand side with lower mortgage rates, easier ...
股利股怪 OP : Hopeless shit