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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.
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%.
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%.
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