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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.
Guosen Securities: Real estate sales volume and prices show marginal improvement from January to October 2024, while real estate development investment has not yet improved.
Observing the sales scale relative to the historical same period, the sales volume and sales area of commodity housing in October are equivalent to 62% and 54% of the same period in 2019, still at a relatively low level, but have improved compared to the previous low point. The effects of a series of demand-side bullish policies introduced at the end of September are more pronounced.
Open Source Securities: Multiple departments issue announcements to increase tax incentives, promoting the release of improved housing demand.
The overall coverage of the deed tax policy is quite broad, and after implementation, it will further reduce the tax cost of residents purchasing homes, promoting the release of demand for improving housing; at the same time, for first-tier cities, the incentives for deed tax are even greater, with a maximum reduction of 2 percentage points.
Express News | Poly developments and holdings group: Vice General Manager Zhang Wei resigned due to work adjustments.
Open Source Securities: Real estate industry's monthly sales improved as scheduled, with a significant narrowing of funds returned by real estate companies.
From January to October, the national sales area of commodity housing was 0.779 billion square meters, a year-on-year decrease of 15.8% (17.1% from January to September), of which the sales area of commodity residences decreased by 17.7% year-on-year; from January to October, the sales value of commodity housing was 7.69 trillion yuan, a year-on-year decrease of 20.9% (22.7% from January to September), of which the sales value of commodity residences decreased by 22.0% year-on-year.
Research reports dig deep | Dongxing: First give Poly Developments and Holdings Group a 'recommended' rating, industry leading position stable.
Glory Times on November 12th | dongxing research reports pointed out that Poly Developments and Holdings Group (600048.SH) adheres to the "central city + city cluster" global strategy, maintaining the first place in sales ranking in the industry. The signed sales amount in 2024 H1 was 173.336 billion yuan, with a year-on-year growth rate of -26.8%; the market share of sales amount increased from 2.94% in 2021 to 3.68% in 2024 H1, ranking first in sales and leaping to the top of the industry. In the core 38 cities in 2024 H1, the company's market share ranked among the top five in 32 cities, with 11 cities ranking first, demonstrating significant effect of the urban deepening strategy. The company continues to reduce its land reserve scale, accum
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