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China's Property Market Likely to Continue Near-Term Recovery -- Market Talk
Market Chatter: China Sees Slightly Faster Home Price Growth in October
The sales of the top 100 real estate companies in Silver October have turned the corner, with over 80% performance growth compared to the previous month.
①Affected by favorable policies and real estate developers' promotions, the sales of the top 100 real estate companies in October achieved a year-over-year positive growth for the first time this year. ②Among them, 83 real estate companies saw a month-on-month sales increase, with 33 more compared to September; 38 real estate companies experienced a year-on-year sales growth, with 22 more than in September.
Hong Kong stocks are on the move | Mainland real estate stocks collectively opened high, with sales of the top 100 real estate companies in October increasing by over 70% month-on-month. The policy combination continues to exert force.
Mainland real estate stocks opened high collectively. As of the time of publication, China Jinmao (00817) rose by 2.48% to HKD 1.24; Longfor Group (00960) rose by 2.06% to HKD 12.88; China res land (01109) rose by 1.93% to HKD 26.35; Midea real est (03990) rose by 3.61% to HKD 3.44.
Zhongzhi Research Institute: The year-on-year decline in the total amount of land acquisition by the TOP100 real estate companies has slightly widened. State-owned enterprises and local state-owned assets remain the block orders.
Overall, in 2024, the national land market still shows a trend of shrinking volume, with real estate companies remaining cautious in land acquisition. Top companies have a low land acquisition to sales ratio, with the average land acquisition to sales ratio of the top 20 companies being less than 20%.
china jinmao (00817.HK) completed the issuance of 6.383 million shares of dividend-paying shares.
On October 31, Gelonhui reported that china jinmao (00817.HK) announced on October 31, 2024, the issuance and distribution of 6.383 million dividend-paying shares in accordance with the mid-2024 stock-for-dividend arrangement.
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Venture118 : Nothing concrete, I’m not surprised…. Continue like tis may go back to last low
凤阁官禄 : China to almost double support for unfinished housing projects to $737 billion
【官方定调,房地产终于触底】https://www.backchina.com/news/2024/10/18/939490.html