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COUNTRY GARDEN (02007.HK) responds to the doubts about land acquisition in Lanzhou and will transfer the land parcels to cash out.
According to reports from domestic media, COUNTRY GARDEN (02007.HK) subsidiary Lanzhou Chunlin Real Estate Development secured residential land numbered G2421 this month (December 18) for a total price of 0.155 billion yuan, raising market doubts.
Daily Real Estate Industry News Summary (2024-12-20)
Recently, after several regions officially announced that commodity housing will be priced based on usable area, "cancellation of shared area" has once again become a trending keyword.
Express News | COUNTRY GARDEN responded that winning the land in Lanzhou for 0.155 billion yuan was not a proactive acquisition, but a way for the government to offset debts with land.
MIDLAND HOLDING: Hong Kong property prices are expected to "counterattack" next year, with an estimated increase of around 5%.
MIDLAND HOLDING expects that next year Hong Kong property prices are likely to "rebound," reversing a three-year decline, with an increase of about 5%, and rents rising another 6%.
Daily summary of Real Estate Industry news (2024-12-19)
On December 17, Zhangjiakou City in Hebei issued a policy to encourage the implementation of "direct sales of existing properties," gradually advancing the "cancellation of public space allocation"; previously, Hengyang City in Hunan clarified that the sales of commercial housing are priced based on the usable area, and currently the "cancellation of public space allocation" is beginning to take effect in multiple locations.
Express News | COUNTRY GARDEN Real Estate and others were enforced for 0.886 billion.