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Express News | Bank of China has issued a notice: the new mortgage interest rate in Guangzhou must not be lower than 3%.
Daily real estate industry dynamics summary (2024-11-06)
Recently, the China Banking and Insurance Regulatory Commission and the Ministry of Housing and Urban-Rural Development jointly held a training session on expanding the scope and improving the effectiveness of policies for the "white list" projects in the urban real estate financing coordination mechanism.
Hong Kong stocks fluctuate | Mainland real estate stocks collectively decline. The overall improvement in real estate sales, but the differentiation has increased. The continuity of policy effects still needs to be observed.
Mainland real estate collectively fell, as of the time of publication, sino-ocean gp (03377) fell by 7.25%, closing at HK$0.32; sunac (01918) fell by 5.36%, closing at HK$3; ronshinechina (03301) fell by 4.76%, closing at HK$0.6; r&f properties (02777) fell by 3.57%, closing at HK$1.62.
Ke Rui: In October, the performance of the top 100 real estate companies increased year-on-year for the first time this year, while investment remains cautious.
In October, corporate investment still remains cautious, with less than 20% of the top 100 companies in terms of land acquisition recording new land reserves in a single month. Key monitoring companies' investment expansion failed to continue the trend of stabilizing after the decline in September.
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.
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