No Data
haitong int'l: Significant improvement in commodity housing sales in October, with a narrowing year-on-year decline in completion.
The current real estate sector's market cap as a percentage of economic value is not completely equivalent, indicating potential for value reassessment.
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.
Excellence cm (06989.HK) sells small loan business and also purchases properties in shanghai and Dongguan.
Excellence CM (06989.HK) announced that its wholly-owned subsidiary Excellence Properties will sell the entire equity interest of its indirect wholly-owned subsidiary, Shenzhen Zhuotou Microloan, to Excellence Realty for a consideration of 0.338 billion RMB (same below), and the group is not expected to record any profit or loss from the sale. The group will use the cash proceeds of approximately 86.31 million RMB received from the sale as general operating funds. At the same time, Excellence Properties will acquire 50% equity interest in Shenzhen Excellence Real Estate Investment and the commercial apartment at Block 39, Pinglin Road, Dongguan Tangxia Town.
The "white list" credit issuance for Sichuan real estate is nearly 200 billion yuan, with loans exceeding 160 billion yuan.
The Sichuan Financial Regulatory Bureau revealed during a press conference that as of November 17, 322 real estate projects have been added to the 'white list', with a total credit approval of nearly 200 billion yuan and loans exceeding 160 billion yuan through the 'white list', with over 50% being private enterprises, benefiting more than 600,000 households of homebuyers. (ta/k)~
Express News | S&P has downgraded Vanke's rating to B+ with a negative outlook.
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.
No Data
No Data