"Da Hang" Credit Suisse: Multiple communities in Chongqing request a reduction in management fees. If it spreads to more cities, it will put pressure on the profitability of property management stocks.
JP Morgan released a research report pointing out that many homeowners in Chongqing have requested a reduction in management fees since June, and there is an upward trend. Currently, most of the requests have not been successful, and there have been no similar requests in other parts of mainland China. JP Morgan believes that the current impact is still under control, but if this situation spreads to other cities, it may indeed bring profit pressure to property management companies. JP Morgan also pointed out that the process of reducing management fees is not easy, and the gross profit of most property management companies is currently in the middle single-digit low level, so they believe that there is not too much room for adjustment. The bank pointed out that this move may be a means for homeowners to demand that the management company improve their service level.
Hong Kong stocks shake | Property management stocks fall with mainland real estate stocks, and the proportion of loss-making real estate companies in the interim report hits a new high. Property companies are exploring differentiated development paths.
As mainland real estate stocks declined, as of press time, Wanyu Cloud (02602) fell by 4.59%, at HKD 20.8; CG Services (06098) fell by 3.36%, at HKD 4.89; A-Living (03319) fell by 3.15%, at HKD 2.77; Sunac Services (01516) fell by 2.25%, at HKD 1.74.
Mid-day overview: Hong Kong stocks are consolidating with the Hang Seng Index up nearly 2%; Mainland real estate is booming with Shimao Group up more than 14%.
Network technology rose, JD.com Group rose more than 4%, Meituan, Alibaba, Tencent Holdings, and Kuaishou all rose more than 2%.
Hong Kong stocks have changed | Property management stocks rebounded with mainland real estate, and the impact of real estate-related business is gradually being cleared, and the dividend ratio of the industry is expected to steadily increase.
Property management stocks rebounded today with mainland real estate stocks. As of press time, CG services (06098) rose 4.95% to HKD 4.88; Shimao Services (00873) rose 4.17% to HKD 0.75; A-Living (03319) rose 4.09% to HKD 2.8; and Sunac Services (01516) rose 2.92% to HKD 1.76.
New development in the real estate market! Shenzhen banks confirm that they will only issue mortgages after the principal cap has been reached for personal loans.
Banks will only issue personal housing mortgage loans to housing projects with capped main structures. The relevant regulations will officially take effect from the 5th.
Midday Snapshot | The gains of the three major Hang Seng indexes narrowed, auto stocks were strong, and NIO Inc stock rose over 6%.
Golden industrial concept leads the gains, with Lingbao Gold up over 6%, Zijin Mining Group and SD Gold up over 4%, Zhaojin Mining and Chi Silver GP up over 3%.
Is the bottom in sight? Bullish signals continue to accumulate in the real estate industry, with a significant outperformance of the large cap in July.
The real estate industry, which has been in a slump for a long time, has recently shown some bullish signals.
Express News | Several regions have initiated the screening and push of the third batch of 'white list' projects.
Express News | GTJA: The effect of real estate policies is prominent, and sales improvement exceeds expectations.
"Busy from morning till night!" After the new policy, the real estate market in Peking has changed.
Source: Brokerage China Author: Zhang Da On June 26th, the "5·17" new policy was implemented in Peking, which issued multiple home purchase support policies such as down payment reduction and interest rate reduction. What impact will the new policy have on the Peking property market? Reporters from Brokerage China visited the new and second-hand housing market in Peking on the first weekend after the implementation of the new policy. Industry insiders expect that the number of signed contracts for second-hand residential properties in Peking will reach a new high of 14,500 in June, the highest level in 15 months. On Sunday (June 30th), reporters from Brokerage China came to the sales office of a newly opened project located outside the Fourth Ring Road in Fengtai District, Peking and saw about 10 groups of customers on site. A sales consultant told the reporter that
Express News | The central bank: focus on promoting the implementation and effectiveness of financial policy measures already introduced, promote the stable and healthy development of real estate market.
Many popular cities have implemented the "buying a house means getting a residency permit" policy, but it has not been implemented yet in only first-tier cities, Tianjin, Hainan, and so on.
Since the beginning of this year, several core second-tier cities have introduced policies that allow people to apply for registration by buying houses, including Suzhou, Hangzhou, Nanjing, Wuhan, Foshan, Hefei, Shenyang, and so on.
Breaking News! Peking Real Estate Market: Down Payment and Interest Rates Reduced.
After Shanghai, Guangzhou, and Shenzhen, Peking finally implemented new policies for its real estate market.
"517" real estate policy has been implemented for one month, and multiple investment banks on Wall Street are bullish on the prospects of China's real estate stocks.
Multiple analysts on Wall Street express optimism, stating that various measures implemented by the Chinese government in the real estate industry not only strengthen their confidence, but also provide a shot in the arm for the domestic real estate industry.
Hong Kong Market Watch: The Hang Seng Index fell nearly 1%, Shimao Group rose more than 10%, and Haitong Securities rose more than 5%.
Shipping stocks performed well, with cosco ship port rising nearly 5% and cosco shipping holdings rising nearly 3%; network technology stocks generally fell, with Meituan, Alibaba, and jd.com falling by about 2%; pharmaceutical stocks collectively declined, with zai lab falling more than 6%, and tigermed and wuxi apptec falling more than 5%.
What signals did the central bank release in its important meeting? The latest interpretation is here.
The meeting emphasized that, following the approach of "government guidance and market-oriented operation", and drawing on the experience of previous pilot projects, efforts will be made to promote the implementation and effectiveness of the re-loan policy for affordable housing and accelerate the destocking of existing commodity housing.
During the Dragon Boat Festival holiday, the real estate markets in Peking and Shenzhen are warming up overall!
During this year's 3-day Dragon Boat Festival holiday, although the daily transaction volume of new homes in key cities has decreased compared with the same period last year, it has significantly increased compared with the May Day holiday this year.
Express News | Citic sec: New destocking policies and gradual fundamental repairs are catalysts for property developer valuation corrections.
What signals does the latest revelation of the sales data of the top 100 real estate companies release?
In May, the sales performance of the top 100 real estate companies increased sequentially.
Discover the real estate market in Shanghai and Shenzhen! There are long queues at sales offices, and the market is expected to enter the policy implementation period
Every time a favorable policy drives a wave of transactions, and this time too, especially for customers who have replaced, the number of house visits over the past two weekends increased by nearly 20% compared to last weekend.
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