Mainland real estate stocks generally rose, Zhongliang Hldg (02772) rose by 3.18% to 0.162 Hong Kong dollars; China Res Land (01109) rose by 3.17% to 26.05 Hong Kong dollars; Sunac (01918) rose by 3.11% to 2.329 Hong Kong dollars.
According to the Wise Financial APP, mainland real estate stocks generally rose, with Zhongliang Hldg (02772) rising by 3.18% to 0.162 Hong Kong dollars; China Res Land (01109) rising by 3.17% to 26.05 Hong Kong dollars; Sunac (01918) rising by 3.11% to 2.329 Hong Kong dollars; China Vanke (02202) rising by 2.92% to 7.05 Hong Kong dollars.
On the news front, with the concentration of various policies before the holiday, during the National Day 'Golden Week', the visit volume and subscription volume of core city properties have generally increased significantly compared to before the holiday. Data from the China Index Research Institute shows that in most cities, the average subscription volume of new projects during the National Day holiday exceeds that of September. In first-tier cities, Guangzhou and Shenzhen monitored projects had an average subscription volume during the holiday that was double that of September, while Beijing and Shanghai exceeded the subscription volume of September. According to Ke Rui, during the National Day period, the subscribed area in 22 key cities increased by 12% compared to the previous period and 26% year-on-year.
Furthermore, with the gradual stabilization of the market, many real estate companies have issued notices or posters announcing price increases or full withdrawal of discounts. Midea Real Est announced that starting from October 8th, all properties for sale nationwide will fully withdraw a 2% purchase discount. China Res Land Beijing also announced that starting from October 8th, all properties for sale by the Beijing company will increase by 2% on the existing prices; China Fortune Land Development Co. also issued a poster stating that starting from October 8th, the discounts at its projects including Huaxiang Yihao, Yihe Gongguan, Yujing Xingcheng, Yujing Xingcheng Yuanqi, and Daxing Xingguang Cheng will be withdrawn by 2%.