The effectiveness of refinancing for affordable housing in the mainland has become evident, with over 10 cities purchasing existing housing projects.

According to a report by the Securities Times, since the national meeting on securing housing deliveries on May 17, relevant departments and local authorities have closely collaborated to expedite the acquisition of existing Commodities for use as affordable housing, achieving some phased results. It has been learned that recently, more than ten cities have successfully initiated projects for purchasing existing housing, raising over ten thousand units of affordable housing. The national meeting on securing housing deliveries clarified that in cities with high inventory of Commodities, the government may "purchase based on demand" at reasonable prices for some Commodities to be used as affordable housing. Local departments actively promote policy implementation, and relevant authorities have established purchase task forces under the urban real estate financing coordination mechanism to advance the.

AASTOCKSDec 19 08:47

In the "Inner Chambers" report, the Institute pointed out that in November, second-hand house prices in four cities including Shenzhen and Chengdu stopped falling month-on-month and turned upward.

According to domestic media reports, China Real Estate Index Research Institute released survey data on the price index of 100 cities in the Chinese real estate index system for the sales market of new and second-hand residences in 100 cities nationwide, as well as 50 cities in the rental market. In November this year, the average price of second-hand residences in 100 cities was 14,278 yuan per square meter, a monthly decrease of 0.57%, narrowing by 0.03 percentage points compared to October; a year-on-year decrease of 7.29%.

AASTOCKSDec 2 08:41

In November, the volume of second-hand housing transactions in shanghai and shenzhen reached a nearly four-year high, with new homes frequently selling out immediately.

According to reports from the Financial Associated Press, in November, the property markets in shanghai and Shenzhen again delivered "excellent results." Monitoring data from domestic institutions shows that the transaction volume of second-hand housing in Shenzhen remained at a "prosperity line" level, reaching the highest volume in nearly 46 months, while the transaction volume for second-hand housing (including commercial) in shanghai also set a new high for 44 months. At the same time, the occurrence of "sunlight plates" for new housing in shanghai and Shenzhen has been frequent.

AASTOCKSDec 2 08:34

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.

AASTOCKSNov 25 12:06

Guangzhou: will purchase existing commodities of 90 square meters or less throughout the city as indemnificatory apartments.

According to a report by Southern Network, Guangzhou Anju Group announced yesterday the "Collecting Notice for the Purchase of Completed Existing Commodity Housing for Use as Affordable Housing by Guangzhou Anju Group Co., Ltd.", intending to collect existing completed commodity housing for affordable housing projects. The collection period is from the date of the announcement until December 18 of this year. According to the notice, the scope of this collection is existing commodity housing sources that have been completed within the administrative area of Guangzhou City, with convenient transportation and relatively complete supporting facilities surrounding the housing sources. The collection criteria require: clear assets and liabilities and legal relationships; obtaining a completion joint acceptance opinion letter; an area of 90 square meters.

AASTOCKSNov 19 14:14

Hong Kong real estate stocks opened high, radiance hldgs rose more than 11%.

Guangdong Huizhi on November 19 reported that Radiance Hldgs rose over 11%, Fantasia rose over 6%, Sino-Ocean GP and R&F Properties rose over 3%. China International Capital Corporation believes that currently, real estate developers in China are in the early to mid-stage of deleveraging. However, it has been determined that the period of the fastest decline in quantity and price in the physical market may have passed, while on the policy side there are beginnings of more proactive measures to stabilize the industry.

Gelonghui FinanceNov 19 09:29