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COUNTRY GARDEN News
Express News | Country Garden's board of directors chairman Yang Huiyan: Approaching the end of the year, the task of ensuring housing for the poor remains very challenging.
Express News | The central bank: actively support the acquisition of existing commodity houses for affordable housing, support the activation of idle land reserves.
Express News | Lan Foan: The relevant tax policies supporting the healthy development of the real estate market have been approved according to procedures and will be launched soon.
Express News | China's central bank: At the end of the third quarter of 2024, the balance of renminbi real estate development loans was 13.79 trillion yuan, an increase of 2.7% year-on-year.
Express News | Country Garden Real Estate's 0.7 billion shares have been frozen.
First-time home loan interest rates in cities such as Hangzhou, Nanjing, and Suzhou have returned to the "3" level. The interest rate for provident fund loans may be even further reduced due to inversion.
Hangzhou, Nanjing, Suzhou and other places have successively adjusted mortgage interest rates. Industry insiders believe that in the current stabilization trend of the real estate market, cities raising the lower limit of mortgage interest rates have a certain significance as an indicator.
Daily real estate industry updates summary (2024-11-07)
A bank of china employee in the Guangzhou area told reporters that the branch has received a notice stating "the new mortgage interest rate shall not be lower than 3%". Starting from November 7th, the new mortgage interest rate in the Guangzhou area will be implemented at 3%.
The Hainan Province has optimized the loan purchase policy for "Nei Fang": no longer distinguishing between first-time and second-time housing, the down payment for housing is not less than 15%.
Hainan Province's seven departments jointly issued a notice aimed at optimizing the housing loan policy to enhance market vitality. According to the notice, commercial individual residence loans will no longer distinguish between first and second homes, with a unified minimum down payment ratio of not less than 15%. The adjustment helps reduce the down payment pressure on homebuyers, increase the willingness to purchase residences, and thereby stimulate market demand. For residents who meet certain criteria such as families with multiple children, if they have already paid off the corresponding housing loans under the name of the city or county and apply for a loan to purchase a residence again, banks will carefully determine the down payment ratio and loan interest rate based on the borrower's repayment ability and credit situation. In addition, the notice also addresses the residential properties on newly supplied land.
Shanghai Lianjia Research Institute: Last month, the second-hand housing transaction volume increased by 57% month-on-month, reaching 71.7 billion RMB.
According to the monitoring data of Lianjia Research Institute in shanghai, in October, a total of 0.022 million second-hand houses were sold in shanghai, with a monthly growth of 63% and an annual growth of 68%; the transaction amount reached 71.7 billion yuan RMB (same below), with a monthly growth of 57% and an annual growth of 65%; the average total price per unit is 3.25 million yuan, with a monthly decrease of 4% and an annual decrease of 2%; the average transaction price per square meter is 39,179 yuan, with a monthly decrease of 3% and an annual decrease of 4%.
In response to the unusual market movements, mainland real estate stocks generally rose, with World Trade Group up 20%, driven by two departments expanding and improving the efficiency of the whitelist projects.
Mainland real estate stocks generally rose. As of the time of publication, World Trade Group rose by 20%, r&f properties rose by nearly 17%, sino-ocean gp rose by 11.76%, ronshinechina rose by 12.7%, sunac rose by 9.6%.
Express News | Bank of China has issued a notice: the new mortgage interest rate in Guangzhou must not be lower than 3%.
Daily real estate industry dynamics summary (2024-11-06)
Recently, the China Banking and Insurance Regulatory Commission and the Ministry of Housing and Urban-Rural Development jointly held a training session on expanding the scope and improving the effectiveness of policies for the "white list" projects in the urban real estate financing coordination mechanism.
[Brokerage Focus] Haitong Int'l maintains a "outperform the market" rating on real estate. Institutions point out that there have been significant recent signs of loosening in industry policies.
Jingu Financial News | Haitong International Research Institute pointed out that according to the data released by Ke Rui in the sales performance ranking from January to October 2024, the total sales amount of the top 100 real estate companies reached 3,069.27 billion yuan, a decrease of 32.7% compared to the same period in 23, with a 3.9 percentage point narrowing of the decline compared to September; the equity amount reached 2,428.26 billion yuan, a decrease of 32.2% compared to the same period in 23, with a 4.0 percentage point narrowing of the decline compared to September, with an equity ratio of 79%. Looking at the situation in October 2024, the top 100 real estate companies achieved a total sales amount of 435.41 billion yuan, an increase of 73.0% month-on-month and 7.0% year-on-year. In October 2024, the top 100 real estate companies achieved an equity sales amount of 343.27 billion yuan, an increase of 78.5% month-on-month and 9.9% year-on-year.
Hong Kong stocks fluctuate | Mainland real estate stocks collectively decline. The overall improvement in real estate sales, but the differentiation has increased. The continuity of policy effects still needs to be observed.
Mainland real estate collectively fell, as of the time of publication, sino-ocean gp (03377) fell by 7.25%, closing at HK$0.32; sunac (01918) fell by 5.36%, closing at HK$3; ronshinechina (03301) fell by 4.76%, closing at HK$0.6; r&f properties (02777) fell by 3.57%, closing at HK$1.62.
According to reports, the equity of the Gem Flower under Country Garden Life Services is frozen, involving 0.3 billion RMB in capital.
According to the legal disclosure of litigation information on Tianyancha, the country garden living service's subsidiary, Baoshihua Garden living service, recently encountered a freeze on its equity, involving as much as 0.3 billion yuan. The freeze period starts from October 31 of this year and ends on October 30, 2027, to be executed by the People's Court of Shunde District, Foshan, Guangdong Province.
In Nefang, Zhongshan City plans to fully open the purchase and settlement policy. You can apply for settlement after living continuously for six months.
The Public Security Bureau of Zhongshan City, Guangdong Province has announced the solicitation of public opinions on the "Regulations on Registration of Residence Relocation in Zhongshan City (Draft for Soliciting Opinions)". The draft contains a total of 17 articles, with the fifth article fully opening and relaxing the entry of legally stable residents for employment.
"Nei Fang" Shenzhen: Approved real estate "white list" projects amount to over 80 billion RMB, further increasing loan issuance efforts.
The Shenzhen Financial Regulatory Bureau stated that currently, there are 67 real estate 'white list' projects approved within the jurisdiction of Shenzhen banks, with approved amounts exceeding 80 billion yuan, ranking high in credit amounts among major cities nationwide. The Shenzhen Financial Regulatory Bureau mentioned that next, the banking industry in Shenzhen will continue to effectively implement various existing and new policies, promote the expansion and efficiency of the urban real estate financing coordination mechanism, continuously increase the intensity of loans for 'white list' projects, make good use of policy and commercial financial tools, facilitate the revitalization of idle land and clearance of unsold commodity housing, and provide more powerful financial support for the stable and healthy development of the real estate market in Shenzhen.
Ke Rui: In October, the performance of the top 100 real estate companies increased year-on-year for the first time this year, while investment remains cautious.
In October, corporate investment still remains cautious, with less than 20% of the top 100 companies in terms of land acquisition recording new land reserves in a single month. Key monitoring companies' investment expansion failed to continue the trend of stabilizing after the decline in September.
Daily real estate industry updates summary (2024-11-05)
Recently, local mortgage rates have decreased significantly following the LPR decrease, with the phenomenon of 'breaking the 3s and entering the 2s' becoming common. It is worth noting that in many cities, the commercial loan interest rates have exceeded the lower limit of housing provident fund interest rates, resulting in an inverted rate situation. 'Low cost, low interest rates were originally the core advantages of the provident fund. When they are on par with commercial loans, the competitive advantage is greatly weakened.' Li Yujia, chief researcher at the Guangdong Housing Policy Research Center, predicts that the provident fund interest rates will continue to be lowered in the future.
Express News | Country Garden Living Service Group's 0.3 billion shares have been frozen.
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