Daily Real Estate Industry Update Summary (2025-01-03)

Yuan Dan, the Deputy Secretary-General of the National Development and Reform Commission, stated that the next step for the National Development and Reform Commission will focus on the following work: increasing efforts to ensure and improve people's livelihoods.

Golden10 Data15:47

China's Property Market Likely Boosted by Year-End Campaigns -- Market Talk

WSJ11:06

Express News | The National Development and Reform Commission: Promote stability and recovery in the Real Estate market, continue to boost the Capital Markets.

Breakings10:56

According to Morgan Stanley, in December, second-hand housing prices in major cities in mainland China declined month-on-month, and Residential sales may face downward pressure in the first quarter of this year.

Morgan Stanley released a research report indicating that as the impact of policies weakens, the second-hand housing prices in major cities in China fell as expected in December last year, showing a volatile month-on-month decline. This resulted in a continuation of the previous two months' upward trend, considering that listings have slightly increased and seasonal factors are at play. Currently, it is predicted that in the first quarter of this year, the sales of residential properties on the mainland may face downward pressure. The firm believes that due to the greater competitiveness of second-hand property prices and the continuous decline in new first-hand properties due to a reduction in land supply, the performance of second-hand housing sales will continue to outperform that of new properties. As for whether the pace of recovery in housing sales can be sustained in the future, Morgan Stanley still believes it will depend on how quickly the announced policies are implemented.

AASTOCKS10:36

The interest rate for existing housing provident fund loans in Shenzhen has been lowered, with a minimum of 2.35% for the first home.

The interest rates for existing housing provident fund loans in Shenzhen have officially been reduced. According to the regulations, for personal housing loans disbursed before May 18, 2024, starting in 2025, the rates will be adjusted according to the corresponding first and second home loan rates. For first-time home buyers, the interest rate for loans under five years is 2.35%, and for loans over five years, it is 2.85%. This adjustment does not require a loan application from borrowers and will be uniformly reduced in bulk. Analysts believe there is still room for further reductions in housing provident fund loan rates in the future. According to the Securities Times, citing Dong Ximiao, chief researcher at the Zhuliang Research Institute, provident fund loans are strongly policy-driven, while commercial personal housing loan rates have significantly...

AASTOCKS10:23

Express News | Securities Daily: The effects of the bullish policies in the real estate market continue, and the expectations for the real estate market in 2025 are likely to improve.

Breakings07:22