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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.
Late night heavyweight! Peking officially announces new real estate policies, with 'Beijing, Shanghai, Guangzhou, Shenzhen' all taking action.
First-tier cities, all in action.