On March 27, there was market news that Beijing's “not allowed to buy a house in Beijing within 3 years of divorce” policy document was abolished. Relevant staff of the Beijing Municipal Housing and Construction Commission stated that the news was true. It is worth noting that the cancellation of Beijing's divorce purchase restriction policy is also seen by the outside world as a sign of a new wave of relaxation in first-tier cities.

CITIC Securities also predicts that the purchase restriction policies of major cities are expected to be further liberalized, driven by the gradual acceleration of policies.

CICC released a research report saying that since this cycle, although the real estate sector as a whole has shown characteristics of being dragged downward for a long period of time and fluctuating policy effects in the short term, the characteristics of increasing policy frequency, shortening, and narrowing since the beginning of the year have also become increasingly obvious. Under the premise that real market risks can be controlled to a certain extent (as shown by stable phased sales of new homes, unnoticeable month-on-month price declines in leading cities, and relatively manageable credit risk for key housing enterprises), the sector may have shown phased consolidation and transactions under the influence of a “run fast forward” policy. Characteristics that occur frequently.

At this stage, highly flexible targets that are both cost-effective are recommended, and those that may benefit from policy adjustments for ultra-high-energy cities with more space; in addition, leading housing enterprises are less likely to retreat and can be used as long-term bottom positions.

On the other hand, the National Standing Committee's statement of “systematically planning and supporting policies to effectively stimulate potential demand” is more meant to “cure the root causes” than the previous statement. It is necessary to focus on the implementation of potentially effective measures (such as the “three major projects”). This is likely to be a gradual process.

Guotai Junan released a research report saying that the Bureau of Statistics released industry data for the previous 2 months. Among them, the sales amount/area performance that was more concerned about was better than the performance of leading housing companies. The real estate industry showed obvious resilience, and long-term risks were manageable. Combining existing guaranteed housing, it is expected that in the future, off-term housing, existing housing, second-hand housing, and guaranteed housing will form a sales-oriented supply side.

Companies related to the real estate concept:

Beneficiaries of the restructuring category: Xuhui Holding Group (00884), Sunac China (01918), etc.

Real estate development: Yuexiu Real Estate (00123), Greentown China (03900), Hang Lung Properties (00101), etc.

Property management companies: Poly Industries (06049), etc.

Real estate agency: Seashell-W (02423), Zhonghai Property (02669).