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CHINA SCE GROUP News
Another property in Shenzhen sold out in two hours, with examples of price increase trade in second-hand houses.
On November 25, according to Yicai, under the stimulus of the new policy at the end of September, the third "sunlight disk" has appeared in Shenzhen. On November 24, 214 commodity residences in Shentie Yuyun Realm, Longgang District, Shenzhen were listed, and they were sold out in less than two hours after the opening. Specifically, Shentie Yuyun Realm is located in the Dayun area of Longgang District, adjacent to Dayun Metro Station, and is part of a comprehensive transportation hub above the metro. The 214 units released this time are three and four-bedroom layouts ranging from 96 to 139 square meters. Ultimately, a total of 477 customer applications were approved and the funds were frozen, with a subscription ratio exceeding 1:2.22. The sunlight disk's reception...
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%.
Stabilization year! Goldman Sachs: Next year, China's consumer outlook is expected to outperform overall growth, and frontline housing prices may stabilize first.
Goldman Sachs expects that next year the growth rate of real household income will remain at 5% year-on-year, maintaining a stable recovery trend; as more real estate stimulus policies may be introduced in the future, housing prices in some major cities are expected to stabilize starting next year.
Daily summary of real estate industry trends (2024-11-22)
Guangzhou Housing and Urban-Rural Development Bureau and two other departments have issued a notice, canceling the standards for ordinary residences and non-ordinary residences in Guangzhou, which will be implemented from December 1, 2024.
Follow up on Guangzhou! First-tier cities all cancel the standard of ordinary and non-ordinary residential properties, what is the market impact?
① With Guangzhou's official announcement today, all four first-tier cities have now canceled the standards for ordinary residences and non-ordinary residences. ② "For first-tier cities, after canceling the standards for ordinary residences and non-ordinary residences, it can significantly reduce the value-added tax costs in the second-hand housing trade process, lower transaction costs, and promote improving demand."
Beijing, Shanghai, Guangzhou, and Shenzhen have all canceled the standards for ordinary and non-ordinary housing!
On November 22nd, the Guangzhou Municipal Housing and Urban-Rural Development Bureau, Guangzhou Municipal Finance Bureau, State Administration of Taxation, and Guangzhou Municipal Taxation Bureau issued a notice regarding the cancellation of the standards for ordinary residences and non-ordinary residences in Guangzhou. The standards for ordinary residences and non-ordinary residences are cancelled, and will be implemented starting from December 1, 2024.
Express News | Guangzhou: Starting from December 1, the city will abolish the standards for ordinary residences and non-ordinary residences.
Daily real estate industry updates summary (2024-11-21)
Christopher Hui, the Secretary for Financial Services and the Treasury of Hong Kong, proposed the second reading of the Stamp Duty (Amendment) Bill 2024 at the Legislative Council meeting. He suggested exempting stamp duty on the purchase and sale of real estate investment trusts to enhance the competitiveness of Hong Kong's property trust funds and support further market development.
The unchanged LPR in November meets market expectations. Industry insiders do not rule out the possibility of further interest rate cuts next year along with the reverse repurchase rate.
① By the end of the year, the economic running is expected to continue its upward trend, with policy interest rates likely to remain stable and LPR quote also expected to stay unchanged. ② There is a high possibility of further reductions in deposit rates in the future, coupled with the issuance of special treasury bonds to support large state-owned commercial banks in replenishing their core tier one capital, which is expected to gradually alleviate the interest spread and operational pressure for commercial banks. It is possible that next year the LPR quote may be accompanied by further interest rate cuts on reverse repurchase agreements.
According to the Finger Research Institute, in October, the average price of second-hand residences in 100 cities dropped by 7.27% compared to the same period last year.
According to data monitoring by the China Index Academy, in October 2024, the average price of second-hand residences in 100 cities was 14,360 yuan per square meter, a month-on-month decrease of 0.60%, narrowing the decline by 0.10 percentage points compared to September; a year-on-year decrease of 7.27%.
Express News | The one-year and five-year LPR remain unchanged.
Express News | Shenzhen has cancelled the standards for ordinary housing and non-ordinary housing.
Daily real estate industry dynamics summary (2024-11-19)
The Beijing Municipal Housing and Urban-Rural Development Commission, the Municipal Finance Bureau, and the Beijing Municipal Taxation Bureau jointly issued the "Notice on Cancelling the Standards for Ordinary Housing" (hereinafter referred to as the "Notice").
Hong Kong stock concept tracking | Guangzhou will acquire existing commodities under 90 square meters city-wide as indemnificatory apartments. The collection of existing commodities is accelerating (with related concept stocks attached).
Guangzhou Anju Group announced on November 18 that it will acquire existing commodities of 90 square meters or less throughout the city as indemnificatory apartments. Developers interested in participating can register from November 18 to December 18.
"Dah Sing" Jian Silver International: Significant improvement in residential data, first recommending China Overseas (00688.HK), Longfor Properties (00960.HK), and Greentown (03900.HK).
Jianyin International released a report indicating that, according to the National Bureau of Statistics, the real estate market in China showed significant improvement in October, narrowing from a year-on-year decline of 16.3% in September to 1% in October, thanks to the strong policy support introduced in September and October.
Market Update | Most mainland real estate stocks rose, radiance hldgs surged by 27%, first-tier cities announced the cancellation of the non-standard residential classification.
Mainland real estate stocks mostly rose, as of the time of publication, Radiance Holdings rose 27%, R&F Properties rose 5.29%, Sunac rose 2.97%, and Greentown China rose 2.25%.
Brokerage Morning Meeting Highlights: The historical bottom of real estate stock valuation may have been established.
At today's brokerage morning meeting, China Securities Co.,Ltd. proposed supply-side optimization, suggesting to focus on industries such as steel, photovoltaic, cement, coal, and rare earths; htsc stated that domestic sales of household appliances are improving with stable exports, focusing on two major themes for the year 2025; China International Capital Corporation believes that the historical bottom of real estate stock valuation may have been established.
Express News | Peking: The standards for ordinary and non-ordinary housing in the city have been abolished.
Changsha's housing provident fund introduces new policies: the minimum down payment ratio for the first and second set of housing is 20%, and the maximum loan amount can be increased to four times.
①Employees' families purchasing their first or second improved self-occupied housing applying for housing provident fund loans, the minimum down payment ratio is uniformly adjusted to 20%; ②The maximum loan amount for high-level talents in categories A, B, C, and D purchasing their first self-occupied housing can be increased to four times the maximum loan amount in Changsha.
Daily summary of real estate industry trends (2024-11-18)
Mini Program: Daily summary of real estate industry dynamics 1. Shanghai has canceled the standards for ordinary and non-ordinary housing, and the new tax policy for housing transactions will be implemented in December to better meet residents' rigid and improvement housing needs. The city has canceled the standards for ordinary housing and non-ordinary housing, and the notice regarding individual housing transaction tax matters is as follows: 1. For individuals transferring their homes without providing complete and accurate proof of the original value of the property, which makes it impossible to correctly calculate the original value of the property and the taxable amount, individual income tax will be assessed based on regulations, and the taxable amount of individual income tax will be determined at 1% of the transfer income.
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