Full liberalization! Big news from the Chengdu property market, the eligibility to buy a home will no longer be reviewed
Purchase restrictions have been fully liberalized in Chengdu.
“五一”长假前多地出台重磅楼市政策 核心二线城市成都全面取消限购
①成都宣布全面取消限购。为提振楼市,“五一”小长假前,多个核心二线城市陆续出台重磅楼市放松政策。 ②截至目前,除海南省外,核心城市中包括四个一线城市和杭州(新房)、天津、西安核心区仍维持限购政策。
The new real estate policy in Chengdu is here! Eligibility to buy a home is no longer being reviewed
Today, the Office of the Leading Group for the Stable and Healthy Development of the Real Estate Market in Chengdu issued the “Notice on Policies and Measures to Further Optimize the Stable and Healthy Development of the Real Estate Market”. Starting April 29, commercial housing projects in Chengdu will no longer carry out notarized house selection and will be sold independently by enterprises; housing transactions throughout the city will no longer review eligibility for home purchases.
Express News | Chengdu: City-wide housing transactions will no longer be reviewed for eligibility to buy a home
Express News | The Ministry of Housing, Urban-Rural Development held a symposium to support the high-quality development of private construction enterprises
UBS Real Estate Chief: China's Real Estate Will Rebound Within 2 Years
Real estate prices and new construction areas are likely to stabilize by June 2025.
Express News | UBS analysts who rarely gave China Evergrande a “sell” rating switched to singing the Chinese property market
Changes in US dollar bonds | Yuexiu Real Estate YUEXIU 3.8 01/20/31 prices rose 1.292% to 81.415
The current price of YUEXIU 3.8 01/20/31 issued by Yuexiu Real Estate on April 26 rose +1.292% with a yield of 7.350%.
Yuexiu Real Estate (00123.HK): Revenue growth, stable dividends, excellent sales, investment and financing performance
Core view: Revenue growth dividends are stable, and profit margins and impairment affect the decline in performance. According to the company's annual report, in '23, Yuexiu Real Estate achieved operating income of RMB 80.22 billion (same below), an increase of 10.8% over the previous year, and net profit of 31 to mother.
Has the dawn appeared? Analysts who warned Evergrande of thunderstorms three years ago are now optimistic about China's real estate recovery
① At the beginning of 2021, John Lam, an analyst in charge of real estate research at UBS Greater China, gave a rare sales rating to China's Evergrande Group, which shocked the market at one point. ② Now, this former Evergrande analyst has begun to change direction, predicting a gradual recovery of the Chinese real estate market at a time when many analysts still have doubts about the Chinese real estate industry.
Changes in Hong Kong stocks | Domestic housing stocks continue to rise recently, and many cities push for housing “trade-in” demand-side policies, which are expected to support the initial stabilization of the property market
Domestic housing stocks continued their recent gains. As of press release, Xincheng Development (01030.HK) rose 5.88% to HK$1.08; China Overseas Development (00688.HK) rose 4.45% to HK$12.68; Yuexiu Real Estate (00123.HK) rose 4.09% to HK$4.07; and Xuhui Holdings (00884.HK) rose 3.92% to HK$0.265.
Yuexiu Real Estate (00123.HK): Lin Feng Resigns as Vice Chairman, Executive Director and General Manager
Gelonghui, April 24 | Yuexiu Real Estate (00123.HK) announced that Lin Feng has resigned as the company's vice chairman, executive director and general manager due to changes in his job within Guangzhou Yuexiu Group. After his resignation, he also ceased serving as a member of the Environmental, Social and Governance Committee under the Board of Directors. Since April 24, 2024, Lin Feng has also resigned as the chairman and non-executive director of Yuexiu Service Group Co., Ltd. (stock code: 6626) (“Yuexiu Services”), a subsidiary of the Company.
It went viral! Will some regions in Shenzhen lift purchase restrictions after “May 1st”? The reporter quickly sought evidence!
Today, news suddenly broke that purchase restrictions are about to be lifted in various regions of Shenzhen, and the reporter sought evidence on this.
Express News | According to the Internet, purchase restrictions were lifted in some regions of Shenzhen after “May 1st,” the relevant departments responded that no relevant notice has been received
Beijing loosened its property market policy four times in the past month to further optimize credit measures for divorce and home purchases
① In the past month, Beijing loosened its property market policy four times, and credit measures for divorce home purchases were further optimized. ② The three departments jointly issued a notice clarifying that mortgage applicants who sign an online contract to buy a home after April 23 and have been divorced for less than a year will implement the credit policy for their first home if they do not have a complete housing unit in Beijing under their family name.
Express News | Xing Ziqiang: Real estate market adjustments are expected to gradually come to an end this year and next
Intraday Overview | The three major indices all rose more than 2%! Tencent and Meituan increased by about 5%
TechNet stocks strengthened, with Kuaishou, JD, and NetEase up about 4%, and Bilibili and Alibaba about 3%.
Zhongtai Securities: Commercial housing sales picked up month-on-month in the first quarter, and industry fundamentals are still weak
Various data on the real estate industry from January to March 2024 are still low. As the three major projects, including urban village renovation, continue to advance, and the optimization and adjustment of core housing policies, future industry data is expected to bottom out and stabilize as policies continue to be introduced.
Moody's: Revocation of Yuexiu Real Estate (00123.HK) “Baa3” issuer rating confirms “negative” outlook for its “Ba1” family rating
On April 18, Moody's took the following rating action against Yuexiu Property Company Limited (“Yuexiu Property” 00123.HK) and its wholly-owned subsidiaries:
Property market regulation “model student”, Changsha lifts purchase restrictions to promote “trade-in” housing
Known as a “model student” for property market regulation, Changsha has lifted purchase restrictions and introduced a number of supporting policies.
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