03380 LOGAN GROUP
- 1.170
- -0.020-1.68%
LOGAN GROUP News
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%.
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.
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.
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 | China Real Estate Research Institute: The scale of financing for real estate developers has seen a slight year-on-year increase for two consecutive months.
China Real Estate Research Institute: The total amount of bonds financing for national real estate companies in October was 28.97 billion yuan, with a slight year-on-year increase for two consecutive months.
In October 2024, the total amount of real estate corporate bonds financing was 28.97 billion yuan, a year-on-year growth of 3.2%, with two consecutive months of positive growth due to the low base effect of the previous year, decreasing by 32.4% month-on-month.
Hong Kong stocks fluctuate | Mainland real estate stocks collectively rise, top 100 real estate companies in October see year-on-year sales turning positive, market awaits continued efforts of new policies in November.
Mainland real estate stocks collectively rose. As of press time, Sunac (01918) rose by 8.04% to HKD 3.09; Zhongliang Hldg (02772) rose by 6.76% to HKD 0.158; R&F Properties (02777) rose by 6.54% to HKD 1.63.
Abnormal movement alert | Mainland real estate stocks strengthened, with Sunac leading the way with a 7% increase, reports indicate that the final plan for the domestic debt second restructuring is expected to be finalized by the end of this month.
As of the time of publication, Sunac leads with a 7% increase, with a turnover of 0.89 billion Hong Kong dollars; China Vanke is up 2.75%, China Overseas is up 3.15%, China Jinmao is up 4.2%, and r&f properties is up 5.88%.
China's Property Market Likely to Continue Near-Term Recovery -- Market Talk
Daily real estate industry news summary (2024-11-04)
According to the data from the China Index Research Institute, the sales of the top 100 real estate companies in October amounted to 496.386 billion yuan, a month-on-month increase of 67.45%.
Market Chatter: China Sees Slightly Faster Home Price Growth in October
Express News | People's Daily: Actively promote the real estate market to stabilize and rebound.
Middle Finger Research Institute: Last week, the overall trading volume of the real estate market increased month-on-month, while third and fourth-tier cities overall saw a slight decrease.
According to the report from the China Finger Research Institute, last week the overall trading volume in the real estate market increased both week-on-week and month-on-month, with a growth rate of about 15%.
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