1. Hong Kong Secretary for Financial Services and the Treasury, christopher hui: Suggests exempting stamp duty on the buying and selling of property REITs.

The Secretary for Financial Services and the Treasury of Hong Kong, christopher hui, proposed the second reading of the "2024 Stamp Duty Ordinance (Miscellaneous Amendments) Bill" at the Legislative Council meeting. He stated that to enhance the competitiveness of Hong Kong's property REITs and support further market development, he suggested exempting stamp duty on the buying and selling of property REITs. The aforementioned stamp duty proposal, in conjunction with the earlier announcement in April by the China Securities Regulatory Commission to include property REITs in the Stock Connect scheme, will significantly increase liquidity and attractiveness of Hong Kong's property REITs, expand the investor base, and vigorously support the development of the Hong Kong property REIT market.

2. The land market is showing signs of recovery, and the financing environment for private property enterprises has improved significantly.

Recently, influenced by the continuous release of various bullish policies in real estate, the land market in some cities has begun to become active. In places like shanghai, Chengdu, Guangzhou, and Hangzhou, the sale of certain plots has frequently attracted participation from private property enterprises. Niu Sanyuan, deputy director of the real estate research office at the Development Research Center of the State Council, stated that the acquisition of land by private enterprises is an important indication of the stabilization and recovery of the entire real estate market. This reflects the significant boost in confidence among private property enterprises due to the comprehensive effects of a series of policies from the central and local governments, alongside a marginal improvement in overall market sales. The rapid implementation of supportive financing policies has greatly improved the financing environment for private property enterprises, enhancing their capability to participate in the land market. Since October, the trend of stabilization and recovery in various local real estate markets has solidified, leading to a more proactive attitude among property enterprises towards land acquisition. As the effects of policies continue to take effect, and the supply-demand relationship in the real estate market continues to improve, as well as the better financing environment for real estate enterprises, the land market is expected to further improve in the fourth quarter. (CCTV News)

3. In October, rental prices in first-tier cities increased month-on-month, and buyers are focusing on "rental ROI."

According to the Big Data Research Institute from Linping, in October, the average rental listing price in 40 large and medium-sized cities nationwide was 34.88 yuan/square meter/month, a slight month-on-month decrease of 0.02%, and a year-on-year decrease of 1.95%. Rental prices in first-tier cities increased by 0.23% month-on-month, while the rental market in second-tier and third and fourth-tier cities is showing seasonal weakness. With the downward trend in bank deposit rates, falling housing prices, and reductions in mortgage rates, buyers are focusing on rental ROI, believing that the returns from renting are higher than putting money in a bank. The long-term rental market presents both opportunities and challenges, and companies need to optimize their product offerings, expand customer acquisition channels, and strengthen brand promotion. Rental housing has become an attractive investment choice.

4. Hangzhou Yuhang District Taxation Bureau responds to adjustments in deed tax: Buyers cannot retroactively enjoy new policy benefits.

Recently, the Hangzhou Yuhang District Taxation Bureau of the State Administration of Taxation responded to related comments from netizens: According to the new policy, the deed tax rate for the first-time home purchase with an area of 140 square meters or less has been reduced from 1.5% to 1%. This adjustment is aimed at better supporting residents' housing needs. For buyers who had already paid a 1.5% deed tax before the implementation of the new policy, their concerns are understood. However, according to existing regulations, deed tax policies typically do not have retroactive effects, therefore this group of buyers cannot enjoy the benefits brought by the new policy. (Xinhua Finance)

5. The Guangdong provincial government held a meeting to coordinate economic work: efforts must be made to stabilize real estate investment.

On November 21, the Guangdong provincial government held a meeting to coordinate economic work across the province. The meeting emphasized the need to stabilize real estate investment, effectively utilize existing and incremental policies in real estate, strengthen the coordination mechanism for real estate financing, accelerate the transformation of urban villages, ensure the handover of properties, and promote continuous warming of the real estate market. Further efforts should be made to stimulate the vitality of private investment, firmly implement the 'two unwavering principles', deepen the reform of the investment and financing system, increase promotion of high-quality projects and innovative scenarios for private investment, and enhance the willingness of private capital to invest. The provincial parallel approval working group should fully exert its role, increase coordination efforts regarding land use, forestry, and maritime issues, and expedite the full-process support for major projects.

6. Country Garden is selling assets again at the end of the year, listing the Foshan Hilton Worldwide for 1.5 billion.

Country Garden, in urgent need of strengthening liquidity, has put more assets up for sale. This time it is a landmark five-star hotel in Foshan - Hilton Foshan Hotel. Information shows that the Hilton Foshan Hotel is located in Chancheng District, Foshan, at the most core area of Foshan New City's CBD, as part of the Country Garden City Garden complex project. The total construction area of the project exceeds 0.74 million square meters. It is understood that the current transfer price of the project is 1.5 billion yuan. The project's land use and the expiry date of the land use right is January 28, 2050. The building area on the property certificate is approximately 0.1516 million square meters, the above-ground area is approximately 0.1331 million square meters, and the underground area is approximately 0.0185 million square meters. (Opinion Network)

7. The Hong Kong Housing Authority reclaimed 1,400 units of misused public housing, and 16 tenants concealed their properties on the mainland.

On November 20, according to media reports, the Hong Kong Housing Authority reclaimed approximately 1,400 public housing units in the first nine months of this year, including 16 tenants who concealed ownership of properties on the mainland. The Secretary for Housing, Paul Chan, stated that the Housing Authority has been taking multiple measures to combat the misuse of public housing. In the past two years, approximately 2,200 and 2,800 public housing units were reclaimed due to misuse or violations of tenancy agreements or housing policies, respectively, while approximately 1,400 public housing units were reclaimed in the first nine months of this year for similar reasons.

8. Individuals can borrow up to 1.04 million yuan, and Harbin's housing provident fund implements 8 new optimized policies for home loans.

The maximum loan for a single person's provident fund loan is 1.04 million yuan, while for a pair it is 1.3 million yuan. On the 21st, the reporter learned from the Harbin Housing Provident Fund Management Center that in order to further enhance the protective role of the housing provident fund, better meet the rigid and improvement housing demand of contributors, and promote the steady and healthy development of Harbin's real estate market, the policy related to personal housing loans from the housing provident fund has been adjusted and optimized after review by the Harbin Housing Provident Fund Management Committee. The Harbin Provident Fund Center announced eight new optimized policies, which include shortening the required number of contributions for applying for provident fund loans. Borrowers and co-borrowers must have made normal and continuous full contributions to the housing provident fund for over six months (inclusive) and have established accounts for at least 180 days before being eligible to apply for the provident fund loan. (Harbin Daily)

Guizhou promotes the real estate 'white list' projects to 'provide as much credit as needed', with 151 projects receiving loans exceeding 22 billion yuan.

During the press conference on 'Implementing Central Financial Policies to Boost the High-Quality Development of Guizhou', it was reported that Guizhou province encourages real estate 'white list' projects to 'enter as much as possible', 'borrow as much as needed', and 'move forward as early as possible'. So far, a total of 158 projects have been approved to be included in the 'white list', with 156 projects receiving bank credit of 29.3 billion yuan, and 151 projects being granted loans of 22.057 billion yuan. At the same time, efforts are being coordinated to ensure the 'delivery of housing' campaign. Currently, a total of 77,400 units have been delivered to homeowners, with a delivery rate of 75.7%. (Guiyang Daily)

From January to October, the retail sales of consumer goods above the designated size in Anhui increased by 4.9% year-on-year, while real estate development investment decreased by 15.2%.

From January to October, fixed asset investment in the province grew by 4% year-on-year, which is 0.6 percentage points higher than the national average; excluding real estate development investment, fixed asset investment rose by 11%, which is 3.4 percentage points higher than nationwide. Looking at different fields, infrastructure investment increased by 9.4%, and manufacturing investment grew by 12.6%, while real estate development investment declined by 15.2%.

In major cities in india, the cost of buying a home has risen, and the demand in the real estate market is strong.

According to the real estate consulting firm ANAROCK, the increasing demand for luxury residential units has pushed overall housing prices higher, making it more expensive to buy homes in major cities in india. The Mumbai-based company stated in a report released on Wednesday that the average housing price in the top seven cities in india, including the capital New Delhi and the financial hub of Mumbai, rose by 23% in the period from April to September this year compared to the same period last year, reaching 12.3 million rupees (approximately 145,707 USD). The report also noted that more than 227,400 residential units were sold in these urban areas during the first half of this financial year.

In October, rental prices in the united kingdom soared by 8.7%, with London recording the highest increase in the country.

The Office for National Statistics of the united kingdom stated on Wednesday that private rental prices in the united kingdom rose by 8.7% year-on-year in October, ending a slowdown trend that had persisted since spring. Just last month, rent increased by 0.9%, the largest increase since February. In London, rents rose by 10.4% year-on-year, the fastest rate in the country, with rental costs increasing by 1.2% that month. This rent increase poses a new challenge for tenants, as their financial situation continues to be strained by the housing crisis, despite the overall inflation rate being close to the united kingdom central bank's target of 2%. According to real estate website Zoopla, supply remains severely limited, with available rental properties down 24% compared to pre-pandemic levels. As the united kingdom central bank is expected to only slowly lower interest rates, the real estate market is facing increasing unfavorable factors.