03377 SINO-OCEAN GP
- 0.455
- -0.040-8.08%
SINO-OCEAN GP News
Sino-Ocean Group (03377.HK) achieved a cumulative contractual sales of 9.56 billion yuan from January to May.
On June 14th, Gelunhui reported that sino-ocean gp (03377.HK) and its subsidiaries, joint ventures, and affiliates reached an agreement on the sales revenue for May 2024, which was approximately RMB 2.44 billion. The agreement sales floor area was approximately 253,400 square meters, and the average selling price was approximately RMB 9,600 per square meter. The cumulative agreement sales revenue from January 1 to May 31, 2024 was approximately RMB 9.56 billion. The cumulative agreement sales floor area was approximately 1,007,100 square meters, and the cumulative agreement selling price was approximately RMB 9,500 per square meter.
Express News | Guangdong Huizhou plans to repurchase commodity housing for use as affordable housing.
Quick look at the market | All three major Hong Kong stock indices rose; chip stocks and auto stocks rose, Brilliance Chi rose more than 22%.
Network technology stocks are mixed, with Kuaishou and NetEase up nearly 2%, Meituan and Tencent up over 1%, Ping An Good Doctor down more than 3%, and Ali Health and JD Health down more than 2%.
The housing prices of 70 cities in May have been released! The prices of new houses in 2 cities have increased compared to the previous month, and Shanghai continues to lead the way.
The year-on-year decline in sales prices of commodity residences in various cities has slightly expanded.
Hong Kong stock market anomaly | Shimao Group (00813) fell nearly 6%, leading the decline in mainland real estate stocks, and commodity residence prices in various cities continued to adjust in May.
According to the Smart Finance app, mainland real estate stocks fell collectively, as of press time, Shimao Group (00813) fell 5.88%, reporting HKD 0.8; Sino-Ocean Group (03377) fell 4.04%, reporting HKD 0.475; Sunac (01918) fell 3.17%, reporting HKD 1.22; China Vanke (02202) fell 3.02%, reporting HKD 5.14. In terms of news, data from the National Bureau of Statistics showed that in May, prices of commodity residences in various cities in the 70 large and medium-sized cities fell month-on-month, with a slight increase in the decline from the same period last year. In May, the sales price of new commodity residences in first-tier cities dropped
Express News | From January to May, the capital in place of real estate development enterprises amounted to 4.2571 trillion yuan, a year-on-year decrease of 24.3%.
Express News | According to the National Bureau of Statistics, real estate development investment in China decreased by 10.1% year-on-year from January to May.
Express News | In May, the sales price of new commodity residences in first-tier cities fell by 0.7% on a month-on-month basis.
Express News | In May 2024, among 70 large and medium-sized cities, the sales prices of commodity residences in various tiered cities decreased month-on-month and the year-on-year decline slightly expanded.
Selected Announcement: From January to May, Metallurgical Corporation of China signed new overseas contracts totaling more than double the amount of the same period last year; Vanke applied for a loan of 4.1 billion yuan from Postal Savings Bank of China.
China Shenhua Energy: coal sales volume in the first five months was 190.5 million tons, a year-on-year increase of 5.3%. Simcere Pharma's board of directors has resolved to exercise the repurchase authorization to repurchase shares on the open market in a total amount not exceeding 500 million yuan.
Acquisition, renovation, and conversion of commercial spaces into residential ones: Datong has introduced 12 heavy-duty measures to reduce inventory in the real estate market.
Not only residential properties are facing inventory issues, but some cities also face inventory issues in non-residential projects. If localities can effectively solve the inventory problem in non-residential areas based on local conditions, combined with their own strength and supply and demand changes, it is also important for stabilizing the real estate market.
Sino-Ocean Group Logs Nearly 2.5 Billion Yuan in May Contracted Sales
Sino-Ocean Group Holding (HKG:3377) recorded contracted sales of approximately 2.44 billion yuan in May, with a contracted sales gross floor area (GFA) of 253,400 square meters, a Friday filing with t
Midday Overview | Hong Kong's three major indices weakened, with the technology index falling by nearly 1%; Port and shipping stocks rose against the trend, with Cosco Ship Port up nearly 5%.
Wind power stocks rose, China Longyuan Power surged more than 4%, Huadian International Power's stock rose nearly 4%; Coal industrial concept made progress, Kinetic dev rose more than 5%, China Coal Energy and E-commodities both rose more than 2%.
Hong Kong stocks surged this morning, with mainland real estate stocks rising collectively. Several local governments' land collection platforms claimed to accelerate the collection of commodity housing. Private real estate companies may also be included
Mainland real estate stocks rose collectively in early trading, as of press time, Agile Group (03383) rose 5.56% to HKD 0.57; CIFI Holdings Group Co Ltd (00884) rose 4.22% to HKD 0.37; Sino-Ocean Group Holding Limited (03377) rose 4.17% to HKD 0.5; Shimao Group Holdings Limited (00813) rose 3.9% to HKD 0.8.
Express News | As low as 1 yuan can be repaid in principal! Multiple banks have stepped in, and the popularity of “interest-first and principal-later” mortgages is increasing.
常州“去库存”提速：不再新建安置房 收购商品房用于征收安置
①常州今日发布的楼市新政中，在加快征收安置方面，从供给端到需求侧，出台了多项新的重要举措。 ②政策明确，自通知实施之日起，非社会资本受让土地未实质性开工建设的安置房项目一律不再建设；一律不再新增安置房用地供应。
Express News | Many local collection platforms have stated that they will speed up the collection of commodity houses in the future and collect some houses from private real estate companies.
Express News | Most Hong Kong real estate stocks rose, with Sino-Ocean Group up 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.
What signals are being released by the People's Bank of China holding a meeting to promote the work of refinancing for affordable housing?
During the meeting, the Governor of the People's Bank of China, Pan Gongsheng, indicated that local governments that intend to use indemnificatory apartments for refinancing could establish a work mechanism, project screening, procurement and classification process, and arrange appropriate financial and tax policy support within their local authority. This initiative will have a positive effect on the acquisition of existing housing stock and increasing the supply of indemnificatory apartments in the next stage, and it is expected that inventory reduction work will accelerate in the second half of the year.
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