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Daily real estate industry updates summary (2024-11-05)
Recently, local mortgage rates have decreased significantly following the LPR decrease, with the phenomenon of 'breaking the 3s and entering the 2s' becoming common. It is worth noting that in many cities, the commercial loan interest rates have exceeded the lower limit of housing provident fund interest rates, resulting in an inverted rate situation. 'Low cost, low interest rates were originally the core advantages of the provident fund. When they are on par with commercial loans, the competitive advantage is greatly weakened.' Li Yujia, chief researcher at the Guangdong Housing Policy Research Center, predicts that the provident fund interest rates will continue to be lowered in the future.
Express News | China Real Estate Research Institute: The scale of financing for real estate developers has seen a slight year-on-year increase for two consecutive months.
China Real Estate Research Institute: The total amount of bonds financing for national real estate companies in October was 28.97 billion yuan, with a slight year-on-year increase for two consecutive months.
In October 2024, the total amount of real estate corporate bonds financing was 28.97 billion yuan, a year-on-year growth of 3.2%, with two consecutive months of positive growth due to the low base effect of the previous year, decreasing by 32.4% month-on-month.
Hong Kong stocks fluctuate | Mainland real estate stocks collectively rise, top 100 real estate companies in October see year-on-year sales turning positive, market awaits continued efforts of new policies in November.
Mainland real estate stocks collectively rose. As of press time, Sunac (01918) rose by 8.04% to HKD 3.09; Zhongliang Hldg (02772) rose by 6.76% to HKD 0.158; R&F Properties (02777) rose by 6.54% to HKD 1.63.
Abnormal movement alert | Mainland real estate stocks strengthened, with Sunac leading the way with a 7% increase, reports indicate that the final plan for the domestic debt second restructuring is expected to be finalized by the end of this month.
As of the time of publication, Sunac leads with a 7% increase, with a turnover of 0.89 billion Hong Kong dollars; China Vanke is up 2.75%, China Overseas is up 3.15%, China Jinmao is up 4.2%, and r&f properties is up 5.88%.
China's Property Market Likely to Continue Near-Term Recovery -- Market Talk
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