Abnormal movement report | Domestic real estate and property management stocks rebounded, Sino-Ocean Group rose more than 7%, China Vanke rose 2.34%.
Mainland real estate and property management stocks rebounded today, as of the time of publication, Sino-Ocean Group (03377) rose by 7.03%, to HKD 0.198; cifi hold gp (00884) rose by 4.11%, to HKD 0.228; Yuexiu Services (06626) rose by 2.85%, to HKD 3.25.
Morgan Stanley's investment rating and target price for mainland real estate and property management stocks (Table)
Morgan Stanley has released a research report listing the investment ratings and target prices for mainland real estate and property management stocks as follows: Stock|Investment Rating|Target Price (HK$) Mainland Real Estate China Res Land (01109.HK)|Shareholding|30 yuan China Overseas (00688.HK)|Shareholding|15 yuan China Jinmao (00817.HK)|Shareholding|0.46 yuan China Vanke (02202.HK)|Shareholding|3.3 yuan Longfor Group (00960.HK)|Neutral|9 yuan Seazen (01030.HK)|Shareholding|0.8 yuan Country Garden (02007.HK)|Shareholding|0.4 yuan
In the first eight months of the mainland, national real estate development investment decreased by 10.2% annually.
The National Bureau of Statistics announced that the national real estate development investment in the first eight months of this year was 6928.4 billion yuan (the same below), a year-on-year decrease of 10.2% (calculated on a comparable basis); among them, residential investment was 5262.7 billion yuan, a decrease of 10.5%. In the first eight months, the construction area of real estate development enterprises was 7094.2 million square meters, a year-on-year decrease of 12%. Among them, the construction area of residential buildings was 4960.52 million square meters, a decrease of 12.6%. The newly-started construction area of houses was 494.65 million square meters, a decrease of 22.5%. Among them, the newly-started construction area of residential buildings was 359.09 million square meters, a decrease of 23.0%.
The price of second-hand homes in first-tier cities is declining, while the demand for home purchases remains weak.
The National Bureau of Statistics released housing price data for August, and the relevant data still showed a downward trend.
Express News | The National Bureau of Statistics: The current real estate market continues to be in a state of adjustment.
Express News | The National Bureau of Statistics: From January to August, the national real estate development investment was 6,928.4 billion yuan, a year-on-year decrease of 10.2%.