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China's Real Estate Recovery Isn't Happening Everywhere. Which Cities Are Bouncing Back -- and Which Ones Aren't. -- Barrons.com
The allocation-type housing can be adjusted to become Commodities in proportion. Shenzhen has issued new regulations to release the liquidity of existing projects.
① Sun Hongmei pointed out that this policy is an important measure to implement the national "New Housing Reform" Global Strategy and optimize the local housing supply structure. For urban renewal units involving demolition and reconstruction, the developers can choose one of the two types of affordable housing conversion rules, provided that they meet the corresponding requirements; ② "For existing projects, the adjustment of affordable housing can allow qualifying portions to be converted into Commodities, which is partly to ensure that existing projects can start as soon as possible."
In Shenzhen, the construction of sold affordable housing can be adjusted to a proportion of Commodity housing.
The Shenzhen Housing and Urban-Rural Development Bureau formally issued the "Shenzhen Regulations on the Provision of Affordable Housing in Demolition and Reconstruction City Renewal Units," which proposes to increase the supply of subsidized housing through multiple channels. In the planning of various city renewal units that include Commodity housing after refurbishment, affordable housing should be constructed based on a certain proportion of the housing building area. The transfer construction model is clearly divided into: the area of affordable housing is converted into independent land for affordable housing (generally not less than 3,000 square meters), which is transferred to the government for development free of charge, and constructed together with Commodity housing, and after completion, will be transferred to the government or designated Institutions free of charge. As for property rights and land prices, they will be constructed and transferred according to the calculated proportion standard.
A short-term policy observation period has begun, and the June LPR Quote remains unchanged. The industry expects that interest rates may continue to be lowered in the second half of the year, leading to a reduction in the LPR.
① After the central bank implemented a policy interest rate cut in May, the LPR quotes for both term products were adjusted downward simultaneously that month, and it is currently being transmitted to loan interest rates; in June, the policy interest rate remained unchanged, and the factors affecting the LPR quotes did not experience significant changes, thus the LPR quotes for both term products remaining unchanged in June aligns with market expectations. ② We expect that in the short term, there will be a policy observation period, and the LPR quotes may continue to remain stable.
The apartment "Kowloon City" in Kai Tak was sold for 92.949 million, with a per square foot price of nearly 0.0487 million.
The Kai Tak Landmark, developed in collaboration by CHINA RES LAND (Overseas) and Poly Property (00119.HK), has recently recorded a transaction for Unit A on the 22nd floor of Block 2, with a usable area of 1,909 square feet. It features a layout of four bedrooms with dual suites and a private elevator lobby, located in the front row of the project with expansive views of Victoria Harbour. The Fill Price for the unit is 92.9487 million yuan, with a price per square foot of nearly 48,690 yuan. The developer has stated that 350 units have been sold to date, realizing over 13.7 billion yuan.
[Brokerage Focus] Guotai HAITONG SEC: Key attention should be paid to the new thinking of real estate companies brought about by the Fifteenth Five-Year Plan.
Jinwu Financial News | Guotai HAITONG SEC stated that the Real Estate Industry trend in May was relatively stable, continuing the previous trend. Combined with the information from the State Council meeting to further promote the stabilization of the Real Estate market, it generally meets market expectations. Core Indicators all reflect a trend continuation with narrow fluctuations. According to the State Council meeting's direction, this Institution believes that promoting stabilization remains the main theme. This Institution pointed out that the new model has imposed restrictions on industry entry barriers, and urban renewal is expected to be a physical hedging item. Looking ahead to the second half of the year, it will still be an Industry without financial risks, with structural advantages due to the generational differences in products in the land market, as real estate companies seek new opportunities under the 14th Five-Year Plan.
