During the National Day gold week, the heat of the property market is rising, and some real estate companies have announced the withdrawal of the "2% price discount."
According to data from the China Index Institute, as of the end of August this year, the available area of commodity residences in 50 cities is 0.335 billion square meters; the clearance cycle of third- and fourth-tier representative cities is 33.4 months, extended by 8.8 months compared to the end of 2023, with relatively high inventory clearance pressure. The proportion of residents' willingness to buy a house in September is 19%, slightly higher than in September, a 4 percentage point increase from the recent three-year historical low, but overall residents' willingness for homeownership still remains low.
Daily real estate industry news summary (2024-10-09)
Recently, Hubei Province launched the "Comfortable Hubei Golden Autumn Homebuying Season" commodity housing promotion campaign, coupled with policy bullish, enterprise discounts and the overlap of the long holiday, the province's commodity residential trade volume has significantly rebounded.
During the National Day holiday, the real estate market has shown a "hot" trend: the transactions of new houses in Beijing, Shanghai, Guangzhou, and Shenzhen have increased significantly. A real estate company sold 14.8 billion in just 7 days.
1. During the National Day 'golden week', the subscribed area in 22 key cities increased by 12% month-on-month and 26% year-on-year. 2. Under the promotion of policy optimization, both new and second-hand housing transactions in first-tier cities saw significant growth during the National Day period, with Guangzhou and Shenzhen outperforming Beijing and Shanghai.
Daily Real Estate Industry Updates (2024-10-08)
After the new real estate policy "9.30" in Peking was released, during the National Day holiday, reporters visited the new and second-hand housing markets in Peking and found that after the new policy was released, the number of inquiries, viewings, and transaction volume have all increased.
JPMorgan: After the A-share market opens, Hong Kong real estate, consumer, and financial stocks will experience a pullback, but this is healthy.
Jpmorgan believes that the forward P/E ratio of the Chinese stock market has significantly rebounded, indicating that policies are shifting towards the direction of asset reflation released by the combination of monetary/real estate, also reflecting the market's high expectations for fiscal stimulus policies, but may be overly optimistic in the short term. After the opening of A shares, with more individual investors entering, their performance may outperform Hong Kong stocks.
Institutions | In first-tier cities, policies are being implemented decisively, and it is expected that housing prices will stop falling within the year.
Effectively grasp the elastic space of the real estate industry chain during the process of stabilizing house prices.
Micro-cap stocks have been 'eliminated', yet the gains of fund heavyweight stocks are 'falling behind'. What could be the reason?
In the violent surge of the general rise in the market, there are still subtle differences in the stock selection strategy of funds that quickly repair their net asset value.
Sales of the top 100 real estate developers in the first nine months decreased by nearly 40%, and with the relaxation of purchase restrictions in first-tier cities, a silver lining is visible for the upcoming month.
1. Although various methods are being used to promote sales, the performance of the top 100 real estate companies in the "Golden September" still appears to be inadequate. 2. "Predicting October, based on the expectation of favorable policies, overall transactions may stabilize or even rebound. First-tier cities, as direct beneficiaries of the new policies, still have room for increased volume in new home transactions."
"Nearly three times that of last weekend!" The real estate market's "Silver October" is expected to turn into "Golden October", with A-shares surging combined with real estate loosening, giving more confidence to homebuyers?
How did the market react after the introduction of the new real estate policies in first-tier cities?
What's going on? Hong Kong stocks plunge sharply, the technology index once fell more than 6%, with real estate, autos, and network technology sectors experiencing heavy losses.
At the morning opening, the Hong Kong stock market experienced an adjustment. The Hang Seng Index and the Hang Seng Tech Index both fell, with the Hang Seng Index dropping more than 3% and the Tech Index falling over 6% at one point.
Over 40 new car models have been launched intensively, the most crowded 'Golden September' in history! byd company limited leads the pack strongly.
Source: Securities Times, Author: Han Zhongnan As the peak season for auto sales, this year's "Golden September" has attracted attention from all walks of life. According to incomplete statistics from reporters, more than 40 new autos were launched in September. On September 26 alone, at least 10 new autos were simultaneously launched, released, or pre-sold. As auto companies intensively release new models, price wars accelerate reshuffling, and consumer enthusiasm is gradually released. Recently, several auto companies have announced their September sales and delivery performance. At the same time, the stock prices of new energy funds in the Hong Kong stock market soared. On October 2, at the close of trading on the Hong Kong stock market, Nio Inc. -
Many real estate stocks surged by over 60%! On the first day of the new policies in Beijing, Shanghai, Guangzhou, and Shenzhen, some people even "bought houses in the air" overnight!
After the opening of the Hong Kong stock market, the real estate sector has the highest increase, with more than several individual stocks still rising by over 60% as of the time of writing.
Who's buying? The A-share market is closed, but the Hong Kong stock market is still going strong! There's a big shift in foreign capital underway.
According to the latest report published by Goldman Sachs, after the People's Bank of China announced easing measures and the September Political Bureau meeting, mainland consumer stocks rebounded strongly by an average of about 32% in the past week.
The new forces in the automotive industry have great potential: 'Ownerless Motors' sets a new delivery record, with Nio delivering over 20,000 vehicles for five consecutive months.
li auto inc, leapmotor, and xpeng all set new delivery records; nio inc also achieved delivery volume exceeding 20,000 units for the fifth consecutive month.
Late night heavyweight! Peking officially announces new real estate policies, with 'Beijing, Shanghai, Guangzhou, Shenzhen' all taking action.
First-tier cities, all in action.
BHP Group Ltd: Global copper demand is expected to increase by an average of 1 million tons per year by 2035.
BHP Group Ltd released a report stating that, benefiting from the widespread adoption of copper-intensive technologies, global copper consumption is expected to increase by an average of 1 million tons per year by the year 20235, double the average annual increase of the past 15 years; At the same time, the growth of copper mine output will be constrained by high costs and declining ore grades.
Copper prices surpassed the $10,000 mark, with producers warning of supply shortages in the next decade.
Analysts believe that even if the price of copper rises, it may not be enough to attract sufficient investment. This is because the development cycle of new mines is usually long, sometimes even exceeding ten years.
Real estate welcomes an epic assist.
Reevaluate real estate in China.
With the new policy of the central bank, the real estate sector has triggered a surge in limit-up trading! Has the turning point in the fundamentals arrived?
Real estate 'ace bullish' catalyzing intensively.
Hong Kong A shares are collectively active! A-share trading volume exceeded 1 trillion in 35 minutes. How do you view this round of "policy big gift package"?
After 35 minutes of trading, the trading volume in Shanghai, Shenzhen, and Beijing has exceeded 1 trillion yuan, up over 400 billion yuan from the previous trading day's volume, with Shanghai's trading volume at 439.2 billion yuan, Shenzhen's at 557.9 billion yuan, and Beizheng 50's at 5.9 billion yuan, breaking the fastest trillion-dollar record in history.