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Daily summary of real estate industry trends (2024-11-26)
According to the Guangdong Provincial Government website, from January to October, Guangdong's real estate development investment was 0.95 trillion yuan, a year-on-year decrease of 17.3%. Among this, investment in commodities residences decreased by 19.1%, while investment in office buildings increased by 0.6%.
Express News | Guangzhou: Adjustment of housing provident fund policy.
View index: Only seven companies have a land acquisition amount of over 20 billion yuan for equity from January to October.
From January to October, the top 50 real estate companies added 40.7856 million square meters of newly acquired land area, a year-on-year decrease of 40.51%.
Daily real estate industry news summary (2024-11-25)
To promote the completion and delivery of housing projects and protect the legitimate rights and interests of homebuyers, China established a urban real estate financing coordination mechanism at the beginning of this year. The Central Political Bureau meeting held in September proposed to increase the intensity of loans for "white list" projects.
According to Fitch, the sales value of new housing in mainland China is expected to decline by 15% next year.
Fitch Ratings report indicates that mainland real estate developers are expected to continue facing challenges in 2025, with predicted decline in the value of new building sales by 15% to around 7.3 trillion yuan, mainly due to a 10% decrease in sales area and a 5% decrease in average selling price. In addition, the bank also expects that the long-term average annual demand for new residences from 2024 to 2040 will reach a building area of 0.8 billion square meters, with private residential supply reaching 0.6 billion square meters each year. Cities with good economic prospects and relaxed purchase restrictions may perform better.
The Middle Finger Research Institute: Last week's overall real estate transaction volume increased compared to both the previous week and the same period last year, with the year-on-year growth rate in Guangzhou and Shenzhen exceeding one hundred percent.
According to the report from the Central Research Institute, last week the overall real estate market showed increases both week-on-week and year-on-year, with a week-on-week increase of 11.75% and a year-on-year rise of 6.26%.
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