Real estate stocks are collectively boiling! The real estate situation has undergone a major turning point. The market | real estate | situation

Release time:Apr 14, 2024 08:48 AM

Affected by the latest tone of the Politburo meeting, real estate stocks are collectively boiling.

After the opening on July 25th, the real estate development sector continued to strengthen, with multiple stocks such as Rongsheng Development, Jinke Group, and Zhongnan Construction rising to the limit. Dima Group, Huayuan Real Estate, Tianfang Development, Jindi Group, Binjiang Group, Caixin Development, Xincheng Holdings, Poly Development, Huafa Group, and Shangshi Development ranked first in terms of gains, with only one component stock in the sector falling slightly.

In terms of Hong Kong real estate, Longfor Group's growth rate reached 21.92%, Country Garden Services increased by 21.32%, Hejing Taifu Group increased by 17.58%, New City Development increased by 16.54%, Longguang Group increased by 15.94%, Country Garden increased by 15.87%, New City Yue Services increased by 14.65%, Zhongjun Group Holdings increased by 14.10%, and Yajule Group increased by 13.89%.

The real estate related industry chain has also been boosted, with stocks in the home furnishings sector such as Haofu, Piano, Zhibang Home, and Arrow Home hitting the limit up; The building materials sector also showed positive performance, with Zhengyuan Shares and Tubaobao hitting the limit up, and Dongfang Yuhong approaching the limit up.

The rare hot sentiment in real estate stocks stems from the latest tone set by the Political Bureau of the Central Committee of the Communist Party of China on real estate.

On July 24th, the Politburo meeting pointed out the need to effectively prevent and resolve risks in key areas, adapt to the new situation of significant changes in the supply and demand relationship of China's real estate market, adjust and optimize real estate policies in a timely manner, implement policies tailored to the city, make good use of policy toolboxes, better meet the rigid and improved housing needs of residents, and promote the stable and healthy development of the real estate market. We need to increase the construction and supply of affordable housing, actively promote the renovation of urban villages and the construction of public infrastructure for both emergency and basic needs, and revitalize the renovation of various types of idle properties.

Compared with previous Politburo meetings, this meeting has adjusted the latest situation in the real estate market and judged that there have been significant changes in the supply and demand relationship of the Chinese real estate market. The first proposal is to adjust and optimize real estate policies in a timely manner, and to change "support" to "better meet" the newly changed demand.

The significant changes in the industry situation refer to the transition of the real estate market from its high rise in the past few years to a flat or even sluggish state. According to data from Ping An Securities, the real estate market has continued to weaken since the second quarter, with a monthly decline of 18.2% in June in sales of commercial housing. In the medium to long term, as urbanization rates slow down, the per capita living area in urban areas has significantly improved, and potential demand is also under pressure.

Ping An Securities stated that the domestic real estate market has once again entered a new stage after experiencing a transition from "supply shortage" to "structural supply shortage". The meeting pointed out that timely adjustment and optimization of real estate policies should be carried out, and the policy toolbox should be used well to better meet the rigid and improved housing needs of residents. The optimization of demand side policies such as short-term loan and purchase restrictions in key cities is worth looking forward to.

Huatai Securities also stated that the "new" situation in the real estate market is aimed at the "old" situation in which the market supply was in short supply for a long time, leading to a continuous rise in housing prices and the need to "live without speculation". Currently, the real estate market has returned to decline after a brief recovery. In the first half of 2023, the sales area and amount of commercial residential properties were -2.8% and+3.7% year-on-year, respectively. Housing prices first increased and then decreased. In June, the prices of new and second-hand residential properties in 70 cities were -0.1% and -0.4% month on month.

"It is precious and timely to readjust the real estate industry at the current time." Huatai Securities stated that in the past 22 years, a total of 835 relaxation policies have been introduced in various regions. Since the first quarter of 2023, the pace of relevant policy implementation has significantly slowed down. After the Politburo meeting, policies in key cities are expected to gradually implement policy optimization, such as the relaxation of policies such as purchase restrictions, loan restrictions, and sales restrictions in core cities, as well as policies for both housing and loan recognition.

Yan Yuejin, Research Director of E-House Research Institute, believes that the sharp rise in real estate stocks on the 25th fully demonstrates the market's absorption of the spirit of the Politburo meeting and also reflects a positive adjustment in market expectations. Some companies with debt problems or operational pressures have also shown a relatively excited stock performance, indicating that the impact of this Politburo meeting is comprehensive and widespread. The expectation of continued loose policies in the real estate sector has significantly increased, and macroeconomic and real estate expectations continue to improve in the second half of the year.

It is worth noting that the Politburo meeting also mentioned the renovation of urban villages, which is considered an important part of the new model of real estate.

The industry believes that the renovation of urban villages is an inevitable choice for restoring domestic demand and consumption potential, which helps to build a new model of renting before buying, gradually upgrading housing consumption for new citizens, and creating conditions for the sustainable development of the commodity housing market. The policy not only drives some construction opportunities, but also creates a large number of operational service opportunities, which is beneficial for enterprises with comprehensive asset operation capabilities.

Huatai Securities stated that it is necessary to pay attention to the detailed rules of various cities in the future. Local state-owned assets with resource advantages will first benefit from this policy, and it is optimistic about cities with sufficient supply elasticity and high-quality real estate enterprises with sufficient value and replenishment capabilities in mainstream cities.

Two women were stabbed to death and reported to have committed a crime 4 days before the follow-up visit for schizophrenia. Suspect of a bloody murder case in a Hong Kong shopping mall appeared in court today. Male | Last Friday | Murder case

According to Hong Kong's Wen Wei Po, a bloody knife stabbing case occurred at Hollywood Square in Diamond Hill last Friday. The police arrested a 39 year old man on suspicion of stabbing two young women, one of whom was stabbed over 30 times. The suspect appeared in the Kwun Tong Magistrates Court this morning. The police at the Kwun Tong Magistrate's Court temporarily charged the suspect with two counts of murder last Sunday. The suspect appeared in court this morning at the Kwun Tong Magistrate's Court. Acting Chief Magistrate Zheng Jihang, after listening to the opinions of both the prosecution and defense, decided to postpone the hearing for two weeks until 9:30 am on June 19th, waiting for two psychiatric expert reports to be obtained. The defense did not object. Zheng Jihang approved the application, and the defendant needs to be temporarily detained at Xiaolan Mental Hospital. When the suspect appeared in court, he wore black framed glasses, a light gray shirt, and camouflage green shorts, and was able to answer the judge's questions normally. accordingly

Currently, the highly anticipated summer harvest work in Henan has shifted its focus to the northern region of Henan. According to the Henan Daily client, on June 4th, Lou Yangsheng, Secretary of the Henan Provincial Party Committee, presided over a special video scheduling meeting on the "Three Summers" work in the province, listened to the situation report, analyzed and judged the situation, and arranged and deployed the next steps of work. Governor Wang Kai made specific arrangements. On the evening of May 31, 2023, in Xiafutou Village, Xuliang Town, Boai County, Jiaozuo, Henan Province, villagers braved light rain in the wheat fields to harvest wheat. Visual China Map Lou Yangsheng pointed out that the current summer harvest battle in the province has entered the decisive stage. Doing a good job in summer harvest in northern Henan Province is related to the summer grain yield and seed safety. We should focus on seizing opportunities and make every effort to organize the wheat harvesting work in the northern Henan region, minimize losses, and protect the interests of farmers to the greatest extent possible. Accurate forecasting is essential

Xinhua All Media+| Welcome home! What innovative technologies are protecting the return journey of Shenzhou 15? Spaceship | Shenzhou | Technology

On June 4th, the return capsule of the Shenzhou-15 manned spacecraft successfully landed at the Dongfeng landing site. Astronauts Fei Junlong, Deng Qingming, and Zhang Lu all safely and smoothly exited the spacecraft, and the Shenzhou-15 manned flight mission was a complete success. What innovative technologies are there to safeguard the return journey of Shenzhou 15 in this mission? On June 4th, the return capsule of the Shenzhou-15 manned spacecraft successfully landed at the Dongfeng landing site. Xinhua News Agency reporter Lian Zhen photographed that "the sky and the ground" ensure the high-precision return of spacecraft. For the Shenzhou series spacecraft, the return and re-entry GNC technology is directly related to the life safety of astronauts. Taking the success of this return mission as a symbol, China has comprehensively upgraded its GNC system since the Shenzhou-12 manned spacecraft, which features autonomous rapid rendezvous and docking, autonomous adaptive prediction and re-entry return guidance, and has completed a comprehensive update and replacement

The Chinese naval fleet has arrived! Assembly | Navy | Chinese Fleet

At noon today, a Chinese naval fleet consisting of Zhanjiang and Xuchang ships arrived at the assembly area of the "Comodo-2023" multinational maritime joint exercise. It is understood that the assembly anchorage for this exercise is 3 nautical miles long and 1.5 nautical miles wide, capable of anchoring up to 50 ships. Naval vessels from various countries participating in the exercise will also arrive at the anchorage today to complete the assembly of the "Komodo 2023" multinational maritime joint exercise, which is held every two years by the Indonesian Navy. This year is already the fourth edition of the exercise. The exercise will be held from June 5th to 8th in the city of Jakarta, South Sulawesi Province, Indonesia, including the port and sea phases. In the coming days, participating navies from various countries will participate in ship reading style search and rescue exercises, maritime interception and damage management exercises, aerial exercises, and other course objectives exercises

New comment: Donkey like "morale" limit pulls US debt "bomb" fuse hard to dismantle US | debt | morale

On the evening of June 1st, the US Senate passed a bill on the federal government's debt ceiling and budget, and the flame of the US debt bomb was temporarily extinguished at the last moment. The two parties in the United States have staged an extreme tug of war over the US debt bomb. Some experts believe that the US debt crisis is the result of the reckless politics promoted by the US dollar hegemony, and the underlying cause of this crisis is the highly polarized political system of the US. Since the end of World War II, the US Congress has adjusted the debt ceiling more than a hundred times. The recurring debt crisis will not only have a catastrophic impact on the US economy and people's livelihoods, but also continuously erode the value of US dollar assets such as government credit and US bonds, bringing significant and far-reaching impacts to the global economic landscape. 【

Important news

The boundless scenery is always new-General Secretary Xi Jinping guides the construction of digital society, review and development | education | society Unswervingly Promote and Improve the Comprehensive and Strict Party Governance System Xi Jinping | Strict Party Governance | System "Seeking Truth" magazine published an important article by General Secretary Xi Jinping "Improving the Comprehensive and Strict Party Governance System and Promoting the New Great Project of Party Building in the New Era to Develop in Depth" State | President | Xi Jinping General Secretary's thoughts are still in my mind, learning from the season | building a modern marine ranching power | developing | the ocean Leading the way with a heavy load | More vitality in opening up to the outside world, stronger momentum in science and technology innovation - Strong development momentum in the ancient capital of Xi'an Automotive | New energy | Opening up to the outside world Chinese Stars | 210 Seconds Review of the Victory of Aerospace Heroes on their Way Home! Flying | Divine Boat | Hero

Political situation

What are the remaining obstacles in the investigation and undercover investigation by the law enforcement inspection team of the Municipal People's Congress? This work evaluates that Shanghai has always been at the forefront of garbage classification | garbage | law enforcement Looking forward to the global high-quality engineering enterprise layout in Shanghai, Mayor Gong Zheng meets with the President elect of the World Federation of Engineering Organizations | Global | Quality To jointly discuss and deepen cooperation and exchange in counterpart support, Chen Jining and Nie Zhuang led a discussion on the work of the party and government delegation in Kashgar, Xinjiang Chen Jining and Gong Zheng jointly inspected and discussed, jointly serving the overall development of the country! Yin Li and Yin Yong led a Beijing delegation to Shanghai to inspect the delegation's development and overall situation Contributed about 1/4 of the GDP of Shanghai, currently with 70000 foreign-funded enterprises in Shanghai. The Youth Association of Shanghai Foreign Countries has helped each other in terms of membership and GDP The representative group of Yangpu Street helps to alleviate public concerns, with garbage belts turning back into green belts and street lights lighting up again in residential areas | Representative | Yangpu

Economics

What else can I rely on for growing vegetables?, Agricultural Experiment of a Group of Young People: Lettuce without Heaven or Earth | Physical Strength | Agriculture Very few have been rejected at once... Shanghai Automotive Engine Factory has presented 49 automotive grade chips to solicit domestic alternatives to SAIC | Netherlands | United States | Lingang Pujiang International Science and Technology City | Substitution | Import | Localization | Automotive grade chips Is there still a "flower head" in domestic blockchain?, No Bitcoin, First Blockchain Technology National Standard Released Web3.0 | Blockchain | Domestic These top domestic and international beverage cold drink brands have rolled up like this, in order to welcome the overall recovery of the consumer market as a brand | Sugar Tea | International Making a dojo inside a snail shell allows the city's scraps to make a comeback. This European style garden in Shanghai used to be a "stone" on the road. Shanghai Pocket Park | Sparrow Little Dirty | Making a dojo inside a snail shell 23 industry associations (business and academic) in the Yangtze River Delta have established alliances to provide trade adjustment assistance, and the foreign trade situation is complex and severe. | Trade | Alliance

Regional situation

Shanghai Charity Foundation Successfully Issued First Electronic Donation Receipt Community | Activity | Shanghai Charity Foundation Carry out normalized social theater performance activities, and the "hometown of drama" Songjiang Xinbang will resume stage and social theater | Drama | Songjiang Xinbang How to promote and replicate the "near rail model"? Changfeng Xincun Street Building Party Building 4.0 Model | Building Committee | Jintie The largest single scale near zero energy consumption building in Shanghai will be built, and the construction area of the first batch of "Jiabao Smart Bay" in Jiading New City will start | plot | first batch Jing'an creates "one park, one theme", and the art exhibition "Painting Life and Coloring" opens at Jing'an Sculpture Park to experience | Art | Jing'an The highlights of the Xuhui exhibition area at the first Carbon Expo are frequent, including waste plastic recycling and environmental protection roads, Shanghai's first near zero carbon community, low-carbon | green | community

Viewpoint

"White carbon" is on the rise, and there are many colors of carbon? This is definitely not sensationalism, carbon dioxide emissions, color Where does the trend go: "China-Chic" cultural and creative market status, development trend and innovation path Cultural and creative | Chinese goods | China-Chic He demonstrated the essence of the revolutionary ideology and spiritual qualities of communists, and during his brief 40 years of life, Secretary Yu Xiusong's ideology What is the relationship between the "four major functions" and the "five centers"? Accurately grasp these two key elements | functions | relationships Why mention "Clean Your Plate Campaign" again?, Today's life | leftovers | CDs To find the balance between digitization and greening, experts say that excessive digitization may increase energy consumption. Digital | Green | Digitization

Vision

Celebrating the Second Anniversary of the US Army's Withdrawal, [Looking at the World] Afghan Taliban Armed Security Personnel March Typhoon | Taliban | Afghanistan It's more convenient to buy book exhibition tickets offline today, including ID card, cash, and old-fashioned mobile phones. Lu Xun | Book Exhibition | Mobile Phone These spaces create multiple interactive viewing experiences for citizens and tourists, playing with weekend aesthetics | Design | Citizens The opening ceremony will continue as usual. [Looking at the World] The opening match of the Women's World Cup. A shooting occurred in Auckland City, resulting in three deaths. The World Cup | Event | Opening match World Blood Donor Day: Oriental Pearl TV Tower, Shanghai center and other city landmarks light up Life Red World Blood Donor Day Take the artwork home for a thousand yuan? Many people come to this exhibition for their "treasure hunting" works | gallery | to take home