Guangdong: From January to October, Guangdong's real estate development investment was 0.95 trillion yuan, a year-on-year decrease of 17.3%.

The Guangdong Provincial Government website shows that from January to October, the real estate development investment in Guangdong was 0.95 trillion yuan, a year-on-year decrease of 17.3%. Among them, investment in commodity residential properties decreased by 19.1%, while investment in office buildings increased by 0.6%. By region, in January-October, real estate investment in the Pearl River Delta region decreased by 15.9%; the combined real estate investment in the east, west, and north regions of Guangdong decreased by 26.0%. In January-October, the sales area of commercial housing in the entire province decreased by 25.2% year-on-year.

From November 1st to 24th, Shenzhen's newly built commodity residential properties signed for sale reached 7,800 units, with a daily year-on-year growth of 201.3%.

From November 1 to 24, Shenzhen city achieved 7,800 new residential commodity sales transactions (0.7701 million square meters), with a year-on-year daily average increase of 201.3% and a month-on-month daily average increase of 85.8%. The second-hand residential net signed transactions reached 5,477 sets (0.5092 million square meters), with a year-on-year daily average increase of 118.5% and a month-on-month daily average increase of 15.6%.

Shanghai's property market remains active, with record high volume of second-hand housing transactions.

According to online real estate data and Anjuke Shanghai monitoring, Shanghai's second-hand housing transactions in November exceeded 0.02 million units, making it the fifth month this year with over 0.02 million units sold in a single month. Industry analysts believe that the introduction of Shanghai's seven new policies and a new round of incremental policies have injected vitality into the market, stable and promoting the property market. In terms of new home sales, luxury projects are still in demand, with Phase 2 of the Bund One Courtyard and Vanke Cyberpunk Aoshè Phase 2 sold out on the same day. Personnel related to 58 Aifang's new home agency stated that after the introduction of the seven Shanghai policies, the market has been very active, especially in October, which released a large wave of purchasing demand, with many customers choosing to enter the market. It is expected that the policy effects will continue to be released, and the total number of second-hand housing transactions in November is expected to surpass 0.0264 million units in June, setting a new record. (The Paper)

4. Shenzhen's second-hand housing market recorded 2,132 units last week, an 8.8% increase compared to the previous week.

According to statistics from the Shenzhen Real Estate Intermediary Association, in the 47th week of 2024 (November 18th to November 24th), Shenzhen recorded 2,132 second-hand housing units (including self-service), an 8.8% increase compared to the previous week. The number of second-hand housing units recorded in a single week exceeded 2,000 again, and the overall market showed a fluctuating trend. The Shenzhen Real Estate Intermediary Association pointed out that with the optimization policies of the real estate market issued on November 19th, consumers' burden of purchasing taxes and fees has been reduced, focusing on the positive impact on the group of buyers looking to improve their living conditions. According to publicly available data on the sales volume of second-hand housing, as of November 25, 2024, Shenzhen had a total of 69,438 valid second-hand housing units for sale, an increase of 297 units from the previous week. Among them, Futian District increased by 110 units from the previous week, with 10,231 units available for sale; Luohu District increased by 74 units from the previous week, with 9,195 units available for sale; Longgang District increased by 69 units from the previous week, with 18,439 units available for sale. (The Paper)

5. The real estate market in Shenzhen is hot again: 214 sets of residences at Shen Tie Yue Yun Jing were sold out, attracting 1.077 billion yuan.

Within less than 2 hours of opening, 214 sets of commercial residences were sold out, attracting a total of 1.077 billion yuan. On November 24th, the fourth 'light plate' of the year appeared in Shenzhen's real estate market, which is also the third 'light plate' after the '9·29 new policy' in Shenzhen. Specifically, the property is Shen Tie Yue Yun Jing, located in the Dayun area of Longgang District, not only in an area where non-Shenzhen residents can buy without social security restrictions, but also adjacent to the Dayun subway station, making it a property development above the subway comprehensive transportation hub. So far this year, Shenzhen has seen 4 projects achieve 'light plates', with 3 of them becoming popular after the '9·29 new policy'. (Securities Times)

6. Chongqing's first public rental housing 'rent-to-buy' residents smoothly obtain property rights certificates.

According to the Chongqing Urban and Rural Planning and Natural Resources Bureau, on November 25th, Mr. Cui, a resident of Chongqing, and the Chongqing Public Rental Housing Management Bureau completed the registration of the first type of affordable housing in Chongqing at the Shapingba District Real Estate Registration Center through the 'Government + Real Estate Registration' system. The process follows a 'one-window handling, immediate processing and collection' model for registration, transactions, and tax payment, and Mr. Cui immediately received the property ownership certificate. (CCTV News)

7. Liuzhou, Guangxi: Proposed unified down payment ratio for housing provident fund loans to not be less than 20%.

On November 25th, the Housing Provident Fund Management Center of Liuzhou City, Guangxi Zhuang Autonomous Region, solicited public opinions on the 'Notice on Adjusting the Down Payment Ratio for Personal Housing Loans from Housing Provident Fund, the Maximum Loan Amount for Multi-Child Families, and the Transaction Conditions for Commercial-to-Public Mortgage Ranking Business (Draft for Solicitation of Opinions)'. The draft suggests reducing the down payment ratio for housing provident fund loans. For households applying for housing provident fund loans, the down payment ratio is proposed to be unified to not be less than 20%. It also proposes raising the upper limit of the loan amount for housing provident fund loans for multi-child families. For households meeting the country's family planning policy with two or more children, the maximum loan amount shall be increased by 0.2 million yuan when applying for the first housing provident fund loan. The policies to increase the loan amount limit for eligible households can only be enjoyed once. At the same time, Liuzhou will also relax the transaction conditions for commercial-to-public mortgage ranking business. If the households applying for loans meet the conditions for housing provident fund loan applications, they can apply for the business housing mortgage loan to be converted to housing provident fund loan ranking mortgage business.

8. Shaoguan, Guangdong: Initiating the business-oriented individual housing loan to housing provident fund personal loan business.

On November 25th, the Housing Provident Fund Management Center of Shaoguan, Guangdong Province, issued a 'Notice on Initiating the Business-Oriented Individual Housing Loan to Housing Provident Fund Personal Loan Business in Shaoguan City'. The document proposes that employees who have purchased new commercial housing in the city and have obtained personal housing commercial loans (excluding combination loans), and now meet the conditions for applying for housing provident fund loans, can apply to convert the outstanding balance of the commercial loan to a housing provident fund loan.

9. Keppel Corporation responds that the news of "selling Shanghai Pudong Building" is not true.

On November 25th, some media reported that Singapore Keppel plans to sell Shanghai Pudong Building. In response to this, reporters sought confirmation from Keppel, and Keppel officials denied the rumors of the transaction, stating that the relevant reports are not true. The media cited informed sources as saying that Keppel Group and AEW Group's funds have recently been in discussions on the sale of Shanghai Pudong Building. According to the agreement between both parties, Keppel Group and AEW will sell approximately 70% of the area of Shanghai Pudong Building in Lujiazui core business district at a price of 1.8 billion yuan. (Jiemian)

10. Sunac China Real Estate adds 3 new people subject to enforcement and restoration of enforcement information, with a total execution amount of 2.06 billion yuan.

Tianyancha legal litigation information shows that recently, Sunac China Real Estate Group Co., Ltd. added 3 new people subject to enforcement and restoration of enforcement information, with a total execution amount of over 2.06 billion yuan, involving disputes such as bill collection and other cases. Some of the defendants in the cases include Tianjin Xingyao Investment Co., Ltd., Sunac North China Development Group Co., Ltd., and the executing courts include Daowai District People's Court of Harbin City and Tongzhou District People's Court of Nantong City. Tianyancha risk information shows that Sunac China Real Estate Group Co., Ltd. currently has more than 430 people subject to enforcement information, with a total enforcement amount exceeding 51.7 billion yuan. In addition, the company also has multiple restrictions on consumption orders, dishonesty enforcement people, and finalized cases.

11. Shenzhen releases the 2024 annual land consolidation plan, with residential potential land not less than 150 hectares.

Shenzhen Urban Planning and Natural Resources Bureau issued a notice on "Shenzhen City's 2024 Annual Land Consolidation Plan". According to the plan, in 2024, the entire city of Shenzhen will transfer not less than 650 hectares of land through land consolidation, including not less than 300 hectares of industrial land, not less than 200 hectares of public service and urban infrastructure land, and not less than 150 hectares of residential potential land. The Shenshan Special Cooperation Zone land consolidation will transfer not less than 200 hectares of industrial land. (Pengpai)

12. Shanxi Xinzhou: Maximum Housing Provident Fund Loan Amount for families with multiple children increased by 20%.

According to the official website of Xinzhou Municipal People's Government in Shanxi Province, the Xinzhou Housing Provident Fund Management Center recently issued a "Notice", adjusting the policies related to the withdrawal of housing provident fund and loans in Xinzhou City. It mentioned appropriately increasing the housing provident fund loan amount. For high-level talents, families with two or more children, active-duty military families, the maximum amount of housing provident fund loan is increased by 20% based on 0.8 million yuan. At the same time, optimizing the housing provident fund housing unit determination standards. For housing provident fund loans issued before December 31, 2014, they will no longer be counted as the number of housing provident fund loans granted; only the number of housing provident fund loans in the county (city, district) where the house is purchased will be used as the determination standard.

13. Zhongyuan Mortgage: In October, the number of registered housing mortgages sponsored by Hong Kong reached 1088, a monthly increase of 60%.

Zhongyuan Mortgage's data shows that in October 2024, the number of registered housing mortgages sponsored by Hong Kong reached 1088, a MoM increase of 60%. The main growth driver came from the Qin Tao Garden, which saw 468 mortgage registrations. BOC Hong Kong has maintained the top spot in the sponsored housing mortgage market for 15 consecutive months with a market share of 54.6%. Further analysis shows that despite a recent decline in public housing transaction volumes, the second-hand market volume for assisted housing in the first 10 months of this year increased by 33% compared to the same period last year, reaching 3835 registrations. The government's optimization of mortgage policies, extending the mortgage guarantee period to 50 years and increasing the maximum mortgage term to 30 years, stimulated market transactions.