LONGFOR GROUP News

2024 Shenzhen real estate summary: A record has been broken.

The housing market is facing headwinds.

Gelonghui Finance14:46

The interest rate for the Shanghai public housing fund loans is adjusted downward, with the new standard taking effect tomorrow.

The Shanghai Municipal Housing Provident Fund Management Center has issued a notice stating that in order to implement the decision made by the People's Bank of China on May 17, 2024, to reduce the interest rate on personal housing provident fund loans by 0.25 percentage points, starting from tomorrow (January 1, 2025), the adjusted interest rates will apply to outstanding personal housing provident fund loans that were issued before May 18, 2024. The interest rates for provident fund loans will be uniformly reduced and there is no need for borrowers to apply. After the adjustment, the interest rates for the first set of personal housing provident fund loans will be 2.35% for loans below five years and 2.85% for loans over five years, while the interest rates for the second set of personal housing provident fund loans will be...

AASTOCKS13:56

Han Wenxiu from the Central Finance Office: Advocates for a rational control of new Real Estate land supply to revitalize existing land and commercial office space.

According to an article published by Han Wenxiu, Deputy Director of the Central Financial Office responsible for daily operations, as cited by the People's Daily, next year, it is necessary to effectively prevent and resolve risks in key areas, focusing on preventing and resolving risks in the Real Estate market, local government debt risks, and the risks of small and medium-sized Financial Institutions, firmly maintaining the bottom line to prevent systematic risks.

AASTOCKS10:39

Year-end review | In 2024, the CNI Yangtze Index mortgage rates will experience a "three consecutive declines". The LPR in 2025 is expected to continue to decrease, and mortgage rates are likely to stabilize at a low level.

① This year, the LPR has experienced three significant reductions, with the one-year LPR down a total of 35 basis points and the five-year LPR down a total of 60 basis points, both annual declines reaching new highs since the LPR reform. ② After the re-pricing at the beginning of 2025, the interest rate for existing first-time home loans will decrease by a total of 110 basis points to 3.3%. From the perspective of Consumer, the reduction in interest rates on existing home loans significantly boosts Consumer spending.

cls.cn10:37

Brokerage morning meeting highlights: It is expected that 2025 will be the first year when the Real Estate Industry truly achieves stability and long-term development.

At today's Brokerage morning meeting, CITIC SEC proposed that 2025 will be the year when the Real Estate Industry truly stabilizes and moves forward; Tianfeng stated that industry demand is expected to recover, and the Autos Sector may gradually become optimistic; China Securities Co.,Ltd. pointed out that the current valuation of the Baijiu(Chinese Liquor) Sector remains low overall, highlighting its long-term investment value.

cls.cn08:22

Express News | China Real Estate Report: The Real Estate sector is a pillar industry of the national economy.

Breakings08:04

The volume of second-hand housing recorded in Shenzhen decreased by 4% week-on-week last week.

According to the statistics from the Shenzhen Real Estate Brokerage Association, in the 52nd week of 2024 (from December 23 to 29), the city recorded 1,924 second-hand houses (including self-service), a decrease of 4% week-on-week. The association indicated that as previous second-hand house market transactions remained high, market demand has been fully released, resulting in a continuous slight decline in recorded second-hand house transactions recently, and a slight fluctuating downward trend is expected in the future. According to the statistics of publicly available second-hand housing listings, as of yesterday (30th), there were 67,292 valid second-hand housing listings available for sale in Shenzhen, a decrease of 1,283 units compared to last week.

AASTOCKS07:26

The land market in core cities is partially heated in 2024, and a differentiated market trend may continue next year | Promoting the stabilization of the real estate market.

① In 2024, changes in the Real Estate Industry's land market will become an undeniable chapter. ② The support of special bonds for the acquisition of existing land and the adjustment of land auction policies in first-tier cities may have a significant impact on the future land market.

cls.cnDec 30 23:01

Daily summary of Real Estate Industry news (2024-12-30)

On December 27, the China Securities Association released the "Negative List Guidelines for the Undertaking of Non-Public Issuance CSI Enterprise Bond Index Projects (2024 Revision)."

Golden10 DataDec 30 15:31

Nomura analyst Lu Ting: The clearing of the domestic real estate market is crucial, and some developers may need to go bankrupt.

The chief economist of Nomura China, Lu Ting, mentioned during an interview with the domestic media "First Financial" that a series of policies were launched in September, and overall, the response has been very positive, with the market reacting actively and some positive effects forming in the stock market. In terms of the housing market, some major cities, including first-tier cities, have seen some loosening of real estate policies, further lifting purchase and sale restrictions. The Real Estate Industry is stabilizing, with about 10 cities where the prices of second-hand homes have stabilized, and even slightly increased. On a national level, sales of some new buildings are also stabilizing.

AASTOCKSDec 30 12:45

Hong Kong stock movement | Mainland Real Estate stocks fell broadly in the early session, with many stocks declining over 3%. Institutions stated that the Sector is under pressure, reflecting the market's ongoing doubts about the sustainability of transac

Mainland Real Estate stocks fell broadly in the morning session. As of the time of this report, SINO-OCEAN GP (03377) dropped 5.6% to HKD 0.236; SUNAC (01918) fell 3.8% to HKD 2.28; R&F PROPERTIES (02777) declined 3.57% to HKD 1.35; SEAZEN (01030) decreased 2.23% to HKD 1.75.

Zhitong FinanceDec 30 11:51

Huang Yu, Executive Vice President of the China Index Academy: The recovery of the real estate market is more evident in first-tier and key second-tier cities.

CEO Huang Yu of Zhongzhi Holdings pointed out that policy optimization has driven the release of demand, and some cities have lifted purchase restrictions to attract home-buying demand.

Gelonghui FinanceDec 30 10:06

The Ministry of Housing and Urban-Rural Development published an article about stabilizing housing in first and second tier cities, stating that the Large Cap housing sector nationwide will stabilize.

According to an article by the media supervised by the Ministry of Housing and Urban-Rural Development, 《China Real Estate Report》, Li Yujia, the chief researcher at the Housing Policy Research Center of the Guangdong Provincial Urban Planning Institute, stated that some believe the stabilization of the domestic real estate market is limited to first- and second-tier hotspot cities. However, he believes that, firstly, the trading volume of commercial housing is becoming increasingly concentrated, and that first- and second-tier hotspot cities form the basic foundation for the entire country. Stabilizing these first- and second-tier cities means stabilizing the Large Cap market nationwide.

AASTOCKSDec 30 09:02

Express News | China Galaxy Securities: Storage and urban renewal may be important variables affecting the Real Estate Industry.

BreakingsDec 30 07:53

Express News | The central bank: fully supports the stable running of the Real Estate market.

BreakingsDec 27 21:02

Daily summary of Real Estate Industry dynamics (2024-12-27)

A professor from the School of Government Management at Peking Normal University stated in an interview with the China Housing Newspaper that currently, some Put sentiments are leading to insufficient trading confidence. To reverse this situation, extraordinary measures must be taken to change the perceptions of market participants and encourage the public to recognize the development potential of the Real Estate Industry. In the long term, Property remains an investment product that preserves and appreciates value.

Golden10 DataDec 27 15:36

The National Housing and Urban-Rural Construction Work Conference was held: it clarifies the five key tasks, including vigorously implementing urban renewal.

The National Housing and Urban-Rural Construction Work Conference was held in Peking from December 24 to 25. The conference reviewed the Real Estate market for 2024, noting that the net signed area of newly built Commodities nationwide has experienced dual growth year-on-year and month-on-month for two consecutive months in October and November, indicating positive changes in the Real Estate market, showing signs of 'stopping the decline and stabilizing'. At the same time, the conference clarified five key tasks for nationwide housing construction work in 2025, which are: 'continuously promoting the stabilization of the Real Estate market', 'encouraging the establishment of a new model for Real Estate development', 'vigorously implementing urban renewal', creating an upgraded version of 'China Construction', and 'building safety, comfort, and green'.

AASTOCKSDec 27 08:21

Kerry Real Estate Research: In 2024, the national land transaction scale will continue to shrink as inventory decreases, and the support from city investment will remain strong.

According to a report released by CRIC Real Estate Research, it is expected that by 2025, more high-quality and high-priced land parcels will be transacted, and in terms of trade scale, it is also expected to stabilize at a low level that matches the scale of Commodity transactions.

Zhitong FinanceDec 26 17:11

Express News | Galaxy Securities: With the advancement of policies, the valuation of the Real Estate Industry is expected to further increase.

BreakingsDec 26 08:00

How will the Real Estate work be carried out next year? The latest deployment from the Ministry of Housing and Urban-Rural Development.

From December 24 to 25, the Ministry of Housing and Urban-Rural Development held a national housing and urban-rural construction work conference, systematically summarizing the work for 2024 and clarifying the key tasks for 2025.

Brokerage ChinaDec 25 11:56