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Hong Kong stocks fluctuated | Mainland Real Estate stocks fell broadly in the morning as the market focused on the sales system of existing commercial housing. Institutions stated that the decline in sales will further accelerate the pace of policy easing
Mainland Real Estate stocks fell sharply in early trading. As of the time of this report, SUNAC (01918) dropped by 4.11%, trading at 1.40 HKD; GREENTOWN CHINA (03900) fell by 3.11%, trading at 9.36 HKD; R&F PROPERTIES (02777) declined by 2.02%, trading at 0.97 HKD; SEAZEN (01030) decreased by 1.56%, trading at 1.89 HKD.
CITIC SEC: The real estate industry has reached the end of the downward cycle, and the Industry is shifting towards comprehensive quality competition.
The bank believes that the financing channels have been normalized; compared to the past reliance on credit financing based on主体信用, the current share of financing primarily based on Asset collateral has significantly increased, matching the characteristics of the Real Estate Industry.
China's Central Bank Trims Interest Rates on Individual Housing Provident Fund Loans
Express News | Shanghai: Reduction of the personal housing provident fund loan interest rate.
Kerui Real Estate Research: Monthly sales and financing are at a low point, leading real estate companies remain active in stockpiling.
On May 7th, Ke Rui Real Estate Research released the monthly report for real estate companies for April.
The central bank takes measures to stabilize the property market, implementing simultaneous interest rate cuts, reserve requirement ratio cuts, and lowering the mortgage interest rate.
① The central bank announced today the implementation of three major measures: a reduction in reserve requirements, a decrease in interest rates, and a cut in provident fund rates, thereby providing substantial Bullish support for the real estate market; ② The interest rate for the first home loan exceeding 5 years has dropped to 2.6%, further widening the interest rate difference between provident fund loans and commercial loans, which will be more beneficial for first-time homebuyers; ③ "In the future, more supportive real estate policies will be implemented successively, and the loan support for both enterprises and individuals will continue to increase."