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National Day real estate market presents a "hot" scene: new home transactions in Beijing, Shanghai, Guangzhou, and Shenzhen have significantly increased. A real estate company sold 14.8 billion in 7 days.
During the National Day "golden week", the subscription area of 22 key cities during the eleven period increased by 12% compared to the previous month, and increased by 26% year-on-year; First-tier cities have significantly increased the transaction volume of new homes and second-hand homes during the National Day period under the promotion of policy optimization, with better performance in Guangzhou and Shenzhen than in Beijing and Shanghai.
Daiwa: After the opening of A shares, Hong Kong real estate, consumer, and financial stocks will experience a pullback, but this is healthy.
JPMorgan believes that the forward price-earnings ratio of the Chinese stock market has significantly rebounded, indicating a shift in policy towards the inflation direction released by the combination of monetary/real estate assets, and also reflects the market's high expectations for fiscal stimulus policies. However, the short-term outlook may be too optimistic. After the A-share market opens, with more individual investors entering, its performance may outperform Hong Kong stocks.
Kerui: Real estate sets the tone for 'stabilizing and rebounding.'
The Central Political Bureau meeting of the Communist Party of China pointed out that it is necessary to reduce the reserve requirement ratio, implement a substantial interest rate cut, and adjust down housing transaction taxes and fees. In this round, various types of taxes and fees related to housing transactions such as deed tax, value-added tax, personal income tax, etc. are reduced or exempted to promote housing consumption. For example, individuals purchasing the only residence are exempt from deed tax, while families purchasing the second or large-area improvement housing are eligible for a partial deed tax reduction. Additionally, measures such as shortening the duration of value-added tax and personal income tax exemption for housing transactions.
cg services realized early, transferring 3.142 billion yuan to transfer 1.49% equity of Wanda Commercial Management.
①Country Garden Properties Hong Kong has agreed to sell, while Wanda Group has agreed to acquire shares in Zhuhai Wanda at a price of 3.142 billion yuan. The sale of shares this time accounts for approximately 1.49% of the target company's total share capital; ② "The early realization of the sale has enabled Wanda Group to fulfill its obligation to repurchase target shares under Supplemental Agreement (2), providing an appropriate opportunity for Country Garden Services to realize investment returns."
Expected to benefit 0.15 billion people, the new round of reduction in existing home loan interest rates is expected to come. Industry insiders: there is also a significant downward space for future newly issued housing loan interest rates.
①The most direct positive effect of lowering the interest rate for existing housing loans is to reduce the debt pressure of existing housing loan holders, lower the demand for early repayment, and may encourage these residents to increase investment or consumer spending in other areas. ②At the same time, the new policy also provides more preferential policies for homebuyers, hoping to lower the threshold for home purchase, reduce the cost of home purchase, and better meet the needs of rigid and improved housing.
How do you view the current real estate crediting support policies? Industry insiders: the significant differentiation characteristics are very prominent, and there is still a need to promote cross-bank mortgage conversions.
The central bank's intention is very clear, that is, to provide targeted and differentiated credit support policies for different groups of people. The reduction in down payment ratio is mainly aimed at middle-income homebuyers, while the policy of refinancing for affordable housing is mainly targeted at low-income individuals. Despite previous market voices suggesting that lowering existing home mortgage loans and changing mortgage types violates the spirit of contracts, from the current economic situation, such practices can reduce economic pressure on residents and indeed have the necessary implementation.