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Express News | Ministry of Finance: During the 15th Five-Year Plan period, central government finances will maintain strong support for urban renewal and effectively implement tax incentive policies. (Securities Times)
Shenzhen residential home sales, as measured by online contract registrations, have exceeded 10,000 units for the first time in 14 months.
According to data from Leyoujia Research Center, Shenzhen recorded a combined total of 13,348 online-signed transactions for both new and existing homes in May, representing a 6% month-over-month increase and a 28% year-over-year rise. When measured on a residential basis, the combined number of online-signed new and existing residential units in Shenzhen exceeded 10,000 units for the first time in 14 months, reaching 10,077 units—a 28% increase from the previous month. During the period, online-signed new home transactions totaled 6,651 units, up 21% month-over-month and 36% year-over-year, making new homes the primary driver of sales volume; meanwhile, existing home transactions reached 6,697 units online-signed, down 6% month-over-month but up 21% year-over-year. Analysts note that, whether for new or existing homes, the process from contract finalization to final online registration...
Shanghai's second-hand home sales exceeded 28,000 units in May, reaching a six-year high.
According to data from Shanghai’s official real estate transaction platform, 'Online Real Estate,' despite the impact of holiday travel during the May Day break, Shanghai recorded a total of 28,023 signed transactions for existing homes (including commercial properties) in May, sustaining the high-volume trend seen over the past three months. This figure marks the highest May volume since 2021—nearly a six-year high—and is second only to the 30,500 units recorded in May 2020. Industry analysts note that Shanghai’s property market continues its 'mini spring' momentum, with the resale market transitioning from a 'volume-for-price' model to a new phase characterized by stable prices and sustained transaction volumes. Meanwhile, the new-home market, supported by improving supply conditions, is facilitating smoother home replacement cycles, leading to broad market optimism regarding developers’ performance in the first half of the year.
Express News | Multiple nationwide banks have ceased submitting data this year, further 'relaxing' the real estate loan concentration management policy.
CICC: Bullish on China Property Sector, Benefiting from Fundamentals Improvement and Favorable Policy Support
This morning (1st), leading mainland property stocks traded higher. China Overseas Land & Investment (00688.HK) was trading at HK$15.93, up 1.98%, with 23.6806 million shares traded, amounting to HK$376 million. Longfor Group (00960.HK) was trading at HK$8.04, up 2.42%, with 8.383 million shares traded, amounting to HK$667.485 million. China Resources Land (01109.HK) was trading at HK$36.24, up 2.6%, with 20.1117 million shares traded, amounting to HK$726 million. CICC stated in a report that on last Friday (29th), both A-share and H-share mainland property stocks rose.
What happened? Hong Kong and A-share property stocks surged! Institutions: The property sector is nearing its bottom.
Just moments ago, real estate stocks surged dramatically!