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Express News | The National Financial Supervision and Administration Commission: make good use of the urban Real Estate financing coordination mechanism, promote the expansion and efficiency of "white list" projects.
Daily summary of Real Estate Industry dynamics (2024-12-13)
Mini Program: Daily summary of Real Estate Industry dynamics 1. Central Economic Work Conference: Continuing efforts to stabilize the Real Estate market According to CCTV news broadcast, the Central Economic Work Conference was held in Peking from December 11 to 12. The conference proposed effectively preventing and resolving risks in key areas, firmly maintaining the bottom line of not experiencing systemic risks, continuously working to stabilize the Real Estate market, enhancing the implementation of urban village and dilapidated housing renovation, promoting the establishment of a new model for Real Estate development, and prudently managing risks in local small and medium Financial Institutions. (The Paper) 2. "100% usable area"; Beginning January 1, Hunan Hengyang will sell commercial housing by unit.
CITIC SEC: The policy framework will continue in 2025, and policy support will help Real Estate stop declining and stabilize.
In the medium to long term, China's real estate market has a broad base of genuine demand, and the supply-side reform has basically been completed, providing a promising development prospect for high-quality Real Estate Development companies.
In "The Big Action", China International Capital Corporation suggests that investment opportunities in domestic real estate should comprehensively consider land reserve quality, the stability of short-term Operating trends, and valuation levels.
CICC released a research report indicating that the Central Economic Work Conference reiterated the need to stabilize the real estate and stock markets, proposing to continuously push for the stabilization of the real estate market, enhance the implementation of urban village and old housing renovation, fully release the rigid and improvement housing demand potential, reasonably control the supply of new real estate land, revitalize existing land and commercial properties, and advance the disposal of existing Commodity housing work. Looking ahead, CICC expects that the long-term goal of the authorities is to promote the establishment of a new model for real estate development and orderly build relevant foundational systems. Currently, the market is still in a 'pulse response' state following the issuance of policies, and the measures proposed at the conference are expected to moderately boost demand in the real estate market.
Hong Kong Stock Movement | Most Hong Kong Property Stocks are down. Morgan Stanley expects Hong Kong property prices to fall another 5% in the first half of next year, generally lowering the Target Price for real estate and House Rental Companies.
Most Hong Kong Property Stocks are down. As of the time of writing, WHARF REIC (01997) has fallen by 4.5% to HKD 20.15; HYSAN DEV (00014) has decreased by 3.49% to HKD 12.16; HANG LUNG PPT (00101) is down by 2.89% to HKD 6.39.
"The Big Deal" by Morgan Stanley: The mainland property market will reach the bottom next year, but developers are still facing difficult challenges.
Morgan Stanley published a research report indicating that in the first ten months, the national Real Estate sales volume fell by 15.8% year-on-year, while sales revenue decreased by 20.9%. It is believed that the decline in the fourth quarter will significantly narrow to a year-on-year decrease of 3.5% and 3%. Looking ahead, the mainland property market is expected to hit bottom next year, and the Real Estate Industry may still face challenges. However, with support from fiscal policy, the performance of first-tier cities may be stronger, leading to a milder overall decline nationwide. The bank forecasts that next year, the national sales volume of new properties may decrease by 11%, while sales revenue may drop by 12%. Meanwhile, the sales volume of second-hand properties is expected to rebound by 8% to 10%. Looking ahead, Morgan Stanley believes that the Central Political Bureau has unprecedentedly changed the stability of Real Estate.