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Zhongyuan Real Estate: The Hang Seng Index fell below 24,000 points, and the CSI (Residence prices) ended a three-week rise.
Yang Mingyi, Senior Co-Director of the Research Department at Zhongyuan Real Estate, pointed out that the CSI (Residence selling price) latest report is 47.70 points, down 0.65 points from last week's 48.35 points.
[Brokerage Focus] China Securities Co.,Ltd.: Under the continuous effort to promote a stabilization tone, Bullish on the overall performance of the real estate Sector.
Financial News | China Securities Co., Ltd. stated that in February, the real estate market continued its trend of stabilization after a decline, with the transaction area of new homes in key cities increasing by 5% year-on-year for January to February, and the transaction area of second-hand homes increasing by 34% year-on-year. The total sales amount of the top 100 real estate companies for January to February was 440.2 billion yuan, down 3% year-on-year, with the cumulative decrease narrowing by 2 percentage points compared to January. The growth rate of newly added land value for the top 100 real estate companies expanded, with new land value for January to February reaching 437.9 billion yuan, an increase of 11% year-on-year, and in February alone, the new land value was 197.3 billion yuan, an increase of 17% year-on-year. The nationwide premium rate for residential land transactions in February reached 12.5%, following July 2021.
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 Focus】CITIC SEC: Bullish on trading service providers in the real estate Industry Chain.
Gold Firm News | CITIC SEC stated that by learning from the government's work report and the State Council Information Office's briefing, the bank believes that the key to controlling incremental growth and stabilizing prices lies in stabilizing asset prices and maintaining residents' confidence. Additionally, the report specifically emphasizes the effective prevention of real estate companies' debt default risks, which further supports the stabilization of real estate company credit. The bank believes that the most certain fundamental variable for Real Estate is that a large number of transactions must take place to stabilize prices, which means that the annual GTV of first and second-hand housing transactions exceeds expectations. Therefore, the bank is most Bullish on trading service providers in the Real Estate Industry Chain. Furthermore, the bank is also optimistic about companies with strong product development capabilities and a high-quality Asset portfolio.
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.
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