Hangzhou's 8-year record of floor unit price has been broken. Greentown, after winning the national price king, has once again become the price king of Hangzhou.
①Hangzhou's 8-year floor price record has been broken. ②It is worth mentioning that before winning the Hangzhou unit land king, Greentown also won the national unit land king in the fourth batch of land auction activities in Shanghai this year.
Daily real estate industry news summary (2024-10-21)
Mini Program: Daily real estate industry dynamics summary 1. Over 10 times subscription record-breaking, over 2,000 people rushing for 192 houses in a project in Shenzhen, the third sun-disc project born in Shenzhen this year.
After the new round of LPR reduction, mortgage rates in many places have entered the '2' era, with the first home commercial loan lower limit in Guangzhou and Dongguan set to be below the provident fund interest rate.
①After the new round of LPR reduction, the mortgage interest rates of commercial banks in many parts of the country will enter the "2" era, and the mortgage rates in places like Guangzhou and Dongguan may be lower than provident fund loans. ②Several credit professionals from commercial banks in Guangzhou responded that they have learned about the LPR adjustment and are waiting for the new mortgage rate adjustment notice from the bank. ③Industry insiders point out that there is also room for adjustment in the future provident fund loan interest rates; there is further room for LPR to be adjusted downward in the future.
The 5-year LPR dropped sharply by 60 basis points within the year, setting a new record low in history, and the real estate market is expected to usher in a "warm winter".
1. The central bank has lowered the loan market benchmark interest rate LPR for the third time this year, with a cumulative 5-year LPR reduction of 60 basis points, setting a new historical record. 2. "Lowering interest rates is conducive to stabilizing expectations in the real estate market, and it is expected that some cities, especially first and second-tier cities, will gradually bottom out. A rapid stabilization of the market will be a trend, and a warm winter market is expected to appear in a certain range in the fourth quarter of 2024."
In October, the LPR was lowered and the cumulative decline in the LPR for terms of more than 5 years this year reached 60 basis points. Residents with existing housing loans may save interest of over 0.24 million yuan in total.
After the reduction in October's LPR quote, it will drive a greater reduction in corporate and household loan interest rates, thereby stimulating the financing demand of the real economy, promoting consumption, expanding investment, boosting economic growth momentum, and driving the moderate rebound of commodity prices. Looking ahead, focusing on promoting the stabilization of the real estate market to boost economic growth momentum, drive a moderate rebound in commodity prices, there may still be some room for a certain reduction in LPR quotes in 2025.
Express News | October LPR quote released: Both 5-year and 1-year interest rates have been reduced by 25 basis points.
China Finger Research Institute: The country's residence rental market ran smoothly overall in the third quarter, with the average rent for residences in 50 cities falling by 0.56%.
In the third quarter of 2024, the country's residential rental market is running smoothly overall. In terms of rent, the average rent for residences in 50 cities has cumulatively decreased slightly by 0.56%. The market entered the off-season market early in August and September.
Weekly Hot List Highlights: The 'Trump trade' is back on! The US dollar and gold break negative correlation!
"Trump trade" restarts, gold, US dollar, and US stocks surge! Supply concerns are replaced by slowing demand, causing oil prices to plummet. Continuously heavyweight bullish news catalyze market enthusiasm, with "bullish on Chinese stocks" entering the hot trading list... What exciting market trends did you miss out on this week?
In September, the month-on-month decline in house prices in 70 cities narrowed, indicating a stronger signal of real estate stabilization.
①In September, the sales prices of residential commodities are still in a downward trend, but the downward trend has slightly slowed down, showing some initial signs of improvement; ②Analysts predict that in October, the price decline of new and second-hand houses in 70 cities will further narrow.
Futu Morning Post | The US economy remains strong! Expectations for a Fed rate cut this year suffered another blow; the Dow continues to hit record highs! Taiwan Semiconductor surges nearly 10% after earnings, with a market cap exceeding $1 trillion.
After hours, it rose nearly 5%! Netflix's Q3 revenue and profits both exceed expectations, with unexpectedly more paying users; Insider: Tesla's FSD has not yet been approved for entry into China, Musk has sought to obtain some data.
sunac's 20% discount rights issue "extends life", who is the brave "white knight"?
Under the bullish policy stimulus, sunac has been crazy about issuing additional shares to 'extend its life'.
Policy is bullish, why did the real estate sector fall instead? Public interpretation of the meeting of the Ministry of Housing and Urban-Rural Development and other five departments.
Why did the real estate sector fall despite the bullish news? Discuss the Ministry of Housing and Urban-Rural Development's new policy of 'two increases' that is popular among public funds. Institutions point out that the combination of the Ministry of Housing and Urban-Rural Development meeting and fiscal debt policy reflects the strength of the policies.
Shanghai has introduced a new housing provident fund policy, lowering the threshold for second home improvement demand.
①The commercial loan interest rate for the second housing in Shanghai is higher than that of the provident fund loan. Most home buyers will choose a combination loan to alleviate the monthly payment pressure. Therefore, adjusting the down payment ratio of the provident fund loan in Shanghai will play a role in reducing the 'onboarding' threshold for this type of demand. ②Analysts believe that the starting point of Shanghai's provident fund policy is to match the down payment ratio policy of commercial loans, in order to further stimulate the vitality of improving housing demand.
4 trillion crediting, one million sets of urban village renovations. Five departments jointly promote the stabilization of the real estate market with a heavyweight "combination of punches".
Five departments jointly exerting force, the real estate market's "combination punch" is coming in full force, parallel to the restructuring of millions of urban villages and a 4 trillion crediting scale, which will further boost confidence in the real estate market. Ni Hong expressed full confidence in the stabilizing real estate market. "China's real estate, under a series of policy influences, has undergone continuous adjustments over three years, and the market has already begun to stabilize. The relevant data for October will definitely be positive and optimistic."
In history, how much investment was driven by the "monetization settlement"?
According to swhy, from 2015 to 2018, the cumulative scale of the special loans for shantytown renovation reached 4.53 trillion yuan, with estimated cumulative central subsidies/local self-owned funds of 0.63 trillion yuan, and other types of resource sources (including commercial bank loans, shantytown renovation special bonds) 1.09 trillion yuan, with a total investment of 6.26 trillion yuan.
Ministry of Housing and Urban-Rural Development: The real estate market has bottomed out, with positive and optimistic data in October.
On October 17, the State Council Information Office held a press conference on promoting the stable and healthy development of the real estate market.
China Real Estate News Commentary: From 'fighting well' to 'winning well' in protecting housing, a one-word difference reveals a major direction.
It's about real estate! Five departments make a significant statement, with the "white list" increasing to 4 trillion yuan.
The State Council Information Office held a press conference at 10 a.m. this morning to introduce the relevant situation of promoting the stable and healthy development of the real estate market.
Preview of the press conference! Concerning the real estate market, five central departments will attend together.
The State Council Information Office will hold a press conference at 10:00 a.m. this morning (17th) to introduce the relevant situations of promoting the stable and healthy development of the real estate market, with Minister of Housing and Urban-Rural Development Ni Hong, as well as officials from the Ministry of Finance, Ministry of Natural Resources, China's central banks, and the State Administration of Financial Supervision and Management. CCTV reporters on site will send back observational reports.
关于房地产市场!重要会议预告已经发布。
On the evening of October 15, the State Council Information Office announced that a press conference will be held at 10:00 a.m. on October 17, 2024 (Thursday), with Minister of Housing and Urban-Rural Development Ni Hong and officials from the Ministry of Finance, Ministry of Natural Resources, the People's Bank of China, and the China Banking and Insurance Regulatory Commission introducing the relevant situation of promoting the stable and healthy development of the real estate market, and answering questions from reporters.