The real estate sector in China has risen again, with housing market transactions in first-tier cities continuing to heat up, and high-quality real estate companies are expected to undergo a value reassessment.
Real estate stocks in China surged again. As of the time of writing, R&F Properties (02777) rose by 3.7%, trading at 0.42 Hong Kong dollars; Vanke Enterprise (02202) increased by 3.42%, trading at 3.33 Hong Kong dollars; and China Resources Land (01109) climbed by 2.86%, trading at 39.5 Hong Kong dollars.
The rebound in mainland real estate stocks continues, with sustained growth in second-hand home transactions. Institutions indicate that positive market factors are continuously accumulating.
Mainland property stocks continued their recent rebound. As of press time, Longfor Group (00960) rose 4.27% to HKD 9.04; R&F Properties (02777) climbed 4.17% to HKD 0.375; China Resources Land (01109) gained 2.65% to HKD 36.44; and Yuexiu Property (00123) increased by 2.07% to HKD 4.43.
Stock Concept Tracker | Continued Growth in Second-hand Housing Transactions; Major Institutions Broadly Optimistic About Valuation Recovery in Domestic Real Estate Sector (with Key Stocks)
According to Iceberg Index data, real-time second-hand transactions during the Golden Week increased by 31% year-on-year, continuing the momentum of a 29% year-on-year increase in April.
Shanghai: Study the introduction of inclusive youth housing policies to reduce rental burdens.
Gao Shi-yun, Director of the Shanghai Housing Administration Bureau, revealed that research is underway to introduce a universal youth housing policy aimed at further reducing the rental burden on young people. Gao stated that during the '15th Five-Year Plan' period, the supply of guaranteed rental housing in Shanghai will focus on systematic support for key groups, diversification of housing stock, and precise enhancement of supply-demand matching. Specifically, systematic support will precisely target frontline workers in urban operations, industry professionals, and the youth population. For diversified housing stock, measures such as converting underperforming commercial properties and acquiring small-sized second-hand units in central urban areas for use as guaranteed rental housing will be implemented. (ta/u)~
Shanghai's second-hand home online signing volume in April hit a decade-high for the same period.
According to online real estate data, the cumulative online signing volume of second-hand housing (including commercial properties) in Shanghai reached 28,700 units in April, marking a year-on-year increase of approximately 22.3% and setting a record high for the month of April over the past decade. The data also showed that on April 11, the daily online signing volume of second-hand housing in Shanghai reached 1,632 units, hitting a new high for single-day transactions in nearly five years. The total transaction volume for March and April amounted to approximately 59,200 units, representing the highest level in nearly five years.
In Guangzhou's Huadu district, residents purchasing commercial housing can receive a subsidy starting immediately. The maximum subsidy per unit is 20,000 RMB.
The Huadu District of Guangzhou has issued the 'Several Measures for Further Promoting the Steady and Healthy Development of the Real Estate Market in Huadu District' (referred to as the 'Huadu Eight Measures'), becoming the first administrative district in the city to respond to the 'Sui Eight Measures' and introduce a dedicated localized policy. The measures will take effect immediately, and in cases where previous regulations conflict with these measures, the latter shall prevail. Specific measures include supporting state-owned enterprises in 'buying old and selling new' and residents in 'selling old and buying new.' A dedicated subsidy for residential property trade-ins will be provided in Huadu District. From now until the end of this year, subsidies will be granted to those purchasing newly built commercial residential properties within the district and completing online signing, provided that they sell their second-hand residential properties in the district within one year before or after the online