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Hong Kong stocks fluctuated | Mainland real estate stocks fell further in the afternoon as the real estate increment policy still has room, with new housing supply falling back in November.
Mainland real estate stocks widened their afternoon decline. As of press time, RonshineChina (03301) fell by 7.94% to HKD 0.58; Sino-Ocean Group (03377) fell by 7.89% to HKD 0.35; Zhongliang Hldg (02772) fell by 6.62% to HKD 0.141.
[Brokerage Focus] Bocom Intl expects overall housing sentiment to continue marginally recovering in the fourth quarter.
Jingu Finance News | Bocom Intl stated that sales of the top developers have significantly improved before October. National level real estate support policies are being implemented one after another. The bank believes that the signal of stabilizing the real estate industry at the national level is clear, pointing directly to the industry's "stop decline and stabilize". With policy support, the bank is confident in the sustainability of the industry's recovery. It is expected that the overall housing market sentiment will continue to marginally recover in the fourth quarter, and the industry fundamentals will also show some improvement. The bank expects that with the lowering of housing purchase thresholds and the increase in mortgage affordability, demand in the secondary market will improve, while the primary physical real estate market will remain stable and improve. Medium to long term, the bank remains bullish on China Res Land.
Yuexiu Property Secures HK$3.5 Billion Loan Agreements
yuexiu property (00123.HK) subsidiary Hung Kei received a HK$3.5 billion loan financing.
Greglunhui November 11th | yuexiu property (00123.HK) announced that on November 11, 2024, Hongjing Limited ("Hongjing") (as the borrower) and a bank (as the "lender") entered into two financing agreements. The first financing agreement is related to a revolving loan financing of up to five hundred million Hong Kong dollars, with a loan period of 364 days from the date of the first financing agreement. The second financing agreement is related to a thirty billion Hong Kong dollars term loan financing, with a loan period of 3 years from the date of the second financing agreement.
This year, the cumulative issuance of real estate bonds decreased by 20% year-on-year, indicating a possible policy turning point.
Tail risk mitigation, configuration plate can seize the secondary securities selection opportunity.
Daily real estate industry dynamics summary (2024-11-11)
According to the data from the People's Bank of China, at the end of the third quarter of 2024, the balance of RMB real estate loans was 52.9 trillion yuan, a decrease of 1% year-on-year. Among them, the balance of RMB real estate development loans was 13.79 trillion yuan, an increase of 2.7% year-on-year, with a growth rate 1.2 percentage points higher than the end of the previous year, increasing by 638.5 billion yuan in the first three quarters. The balance of personal housing loans was 37.56 trillion yuan, a decrease of 2.3% year-on-year.
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