On July 1st, Ke Holdings (BEKE.US) rose 2.19% pre-market to $14.46. UBS released a report stating that Beijing, along with other first-tier cities in mainland China, announced relaxed real estate measures, including reducing the first-time home purchase down payment ratio to 20% and the second-time home purchase down payment ratio to 35%, lowering the minimum mortgage interest rate, relaxing the definition of the first-time home purchase for families with more than one child, and encouraging developers and brokers to participate in the trade-in program. The bank pointed out that Ke Holdings should benefit the most from the above measures, as the company's 25% of total second-hand trading volume comes from Beijing. The bank expects that Beijing's relaxed real estate measures can drive up both first-hand and second-hand home transactions, which will last for about 6 to 8 weeks.
美股异动丨贝壳盘前涨超2% 北京发布宽松楼市措施 瑞银料其最受惠
US stocks gain momentum | ke holdings rises more than 2% before the market opens, Beijing releases relaxed real estate measures, and UBS Group expects it to benefit the most.
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