Daily real estate industry news summary (2024-12-06)
Recently, in some cities where the first-home mortgage rates once dropped to the '2' range, the new lower limit for first-home mortgage rates has been adjusted back to the '3' range. In response, both banks and real estate industry insiders have indicated that this more reflects the urgency of banks to increase their asset yields, with mortgage pricing gradually returning to a rational consensus, overall mortgage rates still maintained at relatively low levels. (Securities Times)
S&P expects that the decline in sales of inner properties will narrow to at least 5% next year.
Rating agency Standard & Poor's published a report predicting that the decline in real estate sales in mainland China next year will significantly narrow to 5% to 10%, with total sales expected to range from 8.7 trillion to 9.2 trillion yuan. Among these, the growth rate of real estate sales in high-tier and low-tier cities will show considerable differentiation. Standard & Poor's expects that by 2025, China's GDP growth rate will reach 4.1%, and the slowdown in economic growth will pose certain challenges to residents' willingness and ability to purchase housing, compounded by demographic factors influencing housing demand. Standard & Poor's also indicated that housing prices for commercial properties in first- and second-tier cities are expected to stabilize by 2026, but prices could still drop 5% to 8% before stabilization.
Daily real estate industry updates summary (2024-12-05)
According to the Central Research Institute, in November 2024, the total amount of real estate enterprise bonds financing was 48.27 billion yuan, a year-on-year increase of 9.0%, continuing to be positive for three consecutive months under the impact of a low base in the previous year, with a month-on-month growth of 66.6%.
Hong Kong stocks fluctuate | Mainland real estate stocks decline again, with sales of the top 100 real estate companies turning negative in November. Institutions are looking forward to a year-end rally.
Mainland real estate stocks have fallen again. As of the time of publication, c&d intl group (01908) is down 3.64%, reported at 12.7 HKD; yuexiu property (00123) is down 2.8%, reported at 5.55 HKD; seazen (01030) is down 2.51%, reported at 1.94 HKD.
According to statistics, over 3 trillion RMB loans have been approved for white-listed real estate projects in the Interiors.
The coordination mechanism for real estate financing in mainland cities has been established for nearly a year and has played an important role in improving corporate financing and ensuring property delivery. According to preliminary statistics from domestic media, more than a thousand problematic projects nationwide have been restored and included in the "white list," receiving financing support from banks of nearly 200 billion yuan (the same below). Currently, the amount approved for loans for real estate projects on the "white list" has exceeded 3 trillion yuan. According to the National Financial Regulatory Administration's forecast, by the end of this year, that amount is expected to exceed 4 trillion yuan.
Express News | Citic sec: The development of the real estate industry chain is sustainable and long-term.