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.
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.
After nearly half a century, there is a large-scale strike at the USA docks again. How will the freight rates on the USA routes develop?
①On the early morning of October 1st local time in the usa, ILA officially announced a strike; ②The industry believes that changes in freight rates may be reflected after the holiday, but there are many uncertain factors, and it is still necessary to pay attention to the subsequent negotiations between labor and management and the situation of the supply chain.
Late night heavyweight! Peking officially announces new real estate policies, with 'Beijing, Shanghai, Guangzhou, Shenzhen' all taking action.
First-tier cities, all in action.
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.
Is a new round of real estate cycle coming? Guangzhou has completely lifted purchase restrictions, and Shenzhen has loosened purchase restrictions and reduced down payment ratios.
The real estate policy environment has entered an unprecedentedly loose stage, the policies in Guangzhou and Shenzhen have strong signaling significance, and have also created favorable conditions for subsequent relaxation of policies in various regions and continued market recovery.
Five major state-owned banks announced: Existing home loan interest rates have been lowered, with detailed measures to be released on October 12th! Shanghai and Guangzhou introduce new real estate policies again.
The People's Bank of China released an announcement on September 29th, improving the pricing mechanism for commercial individual housing loans, allowing existing housing loans that meet certain conditions to be renegotiated in terms of point increments, promoting the reduction of existing housing loan interest rates.
Central Bank, super heavy! Batch adjustment of existing home loan interest rates!
On September 29, the People's Bank of China (referred to as the "central bank") issued an announcement (referred to as the "Announcement") to improve matters related to the pricing mechanism of commercial individual housing loans. Starting from November 1, eligible borrowers can negotiate with commercial banks to adjust the rate markup of mortgage loans in a market-oriented manner and can also negotiate to adjust the repricing cycle. At the same time, the central bank issued the "Proposal on the Initiative of Bulk Adjustment of Existing Housing Loan Rates", clarifying that all commercial banks should unify the interest rates of existing housing loans (including first homes, second homes, and more) by October 31, 2024.
Hong Kong stocks have been soaring for days on heavy volume, haven't jumped on board yet? These directions are still worth paying attention to.
In recent days, the heavy-duty policy bullish continues to catalyze, with large funds actively buying assets in China, and the market's bullish sentiment towards China has been fully ignited. Beneficiary sectors have already risen in advance. Lowering mortgage rates is bullish for consumer spending, with sectors like alcohol, gold, and jewelry taking the lead, while opportunities for biomedical and real estate stocks are worth looking forward to.
The central bank has launched two measures at the same time! The reserve requirement ratio is reduced by 0.5 percentage points, and the 7-day reverse repurchase operation interest rate is lowered by 20 basis points.
Starting from September 27, 2024, the reserve requirement ratio for financial institutions is reduced by 0.5 percentage points. After this reduction, the weighted average reserve requirement ratio for financial institutions is approximately 6.6%.
Institutions: Real estate sets tone for "stabilizing and bottoming out", with Guangzhou in first-tier cities possibly being the first to fully lift purchase restrictions.
Ke Rui believes that Guangzhou is the most likely first-tier city to completely lift the purchase restriction, followed by Shenzhen. It is unlikely that Beijing and Shanghai will completely lift the purchase restriction. In addition, first-tier cities' policies such as loan restrictions, sales restrictions, and standardization of ordinary housing are also expected to be optimized and adjusted.
Breaking news: Hong Kong stocks in real estate and property management sectors are booming! Shimao Group surged over 30%, Longhu, Sunac, Vanke rose over 20%.
Mainland real estate stocks expanded their gains in the afternoon. As of the time of publication, Shimao Group soared by 31.15%, leading the mainland real estate stocks with a price of 0.8 Hong Kong dollars; Longfor Group rose by 25.93%, with a price of 11.56 Hong Kong dollars; Sunac increased by 24.37%, priced at 1.48 Hong Kong dollars; China Vanke surged by 21.32%, with a price of 5.69 Hong Kong dollars.
Kerr: Real estate sets the tone for "stabilizing and rebounding"
The Central Political Bureau meeting of the CPC pointed out the need to reduce the reserve requirement ratio, implement significant interest rate cuts, and lower housing transaction taxes and fees. This round will exempt various taxes and fees related to housing transactions, such as deed tax, value-added tax, and individual income tax, to promote housing consumption. Individuals purchasing their only residential property will be exempt from deed tax, while families purchasing a second property or a large area for improvement will receive appropriate deed tax reductions. Additionally, measures such as shortening the period for exemption of value-added tax and personal income tax on housing transactions will be taken.
The Political Bureau of the CPC Central Committee held a meeting to analyze and study the current economic situation and economic work
The Political Bureau of the CPC Central Committee held a meeting on September 26 to analyze and study the current economic situation and deploy the next economic work. ****, General Secretary of the CPC Central Committee, presided over the meeting.
Daily real estate industry news summary (2024-09-25)
Reporters have contacted multiple banks to understand the relevant situation of lowering interest rates on existing home loans. Currently, the banks have responded that they have paid attention to the policy adjustment of interest rates on existing home loans, but have not yet received any related adjustment notifications. They will adjust uniformly when they do.