Mini Program: Daily Real Estate Industry News Summary.
1. The China Index Academy: From January to November, the sales volume of the top 100 real estate companies decreased by 32.9% year-on-year, with a single month decrease of 9.46% in November.
From January to November 2024, the total sales of the top 100 real estate companies amounted to 3851.6 billion yuan, a year-on-year decrease of 32.9%, narrowing by 1.8 percentage points compared to the previous month. In November alone, the sales of the top 100 real estate companies decreased by 9.46% year-on-year and by 18.62% month-on-month. Among them, typical companies like zhuhai huafa properties, Poly Real Estate Group, and China Conch Venture achieved strong sales growth in November. In the first 11 months, 9 real estate companies with sales exceeding 100 billion, decreased by 7 compared to the same period last year, while 76 real estate companies with sales exceeding 10 billion, decreased by 32 compared to the same period last year. The equity sales of the top 100 real estate companies amounted to 2692.36 billion yuan, with an equity sales area of 145.156 million square meters.
2. The China Index Academy: In the first 11 months of this year, the total land acquisition amount by the top 100 real estate companies decreased by 31.5% year-on-year, with a reduction of 7.1 percentage points compared to October.
The China Index Academy report shows that from January to November 2024, the total land acquisition amount of the top 100 companies was 743.18 billion yuan, a year-on-year decrease of 31.5%, which narrowed by 7.1 percentage points compared to January to October. Since the end of September, a series of policy optimizations in first-tier cities have maintained a high level of market activity, expected to sustain short-term market activity. In November, first-tier cities like peking and shanghai have successively auctioned multiple high-priced land parcels, all acquired by leading central state-owned enterprises, significantly narrowing the year-on-year decrease in the total land acquisition amount of the top 100 companies, but the acquiring companies remain concentrated in central state-owned enterprises and local state-owned assets, while private real estate companies are still quite cautious in land acquisition.
3. The China Index Academy: In November, the average price of second-hand residences in 100 cities decreased by 0.57% month-on-month, narrowing the decline by 0.03 percentage points compared to October.
The report from the China Index Academy shows that based on the national 100 cities new and second-hand residential sales market and the rental market of 50 cities, the average price of second-hand residences in November 2024 is 14,278 yuan per square meter, a month-on-month decrease of 0.57%, narrowing the decline by 0.03 percentage points compared to October; and a year-on-year decrease of 7.29%. The average price of new residences in these 100 cities is 16,592 yuan per square meter, driven by the launch of quality improvement projects, with new home prices showing a structural month-on-month increase of 0.36% and a year-on-year increase of 2.40%. The average rental price for residences in 50 cities across the country is 35.6 yuan per square meter per month, a month-on-month decrease of 0.66% and a year-on-year decrease of 3.18%. In November, the housing rental market continues to be in the off-season, with demand remaining relatively low, and the average rent in key cities has slightly decreased month-on-month.
4. The China Index Academy: The real estate market has shown signs of temporary "stabilization", and in November, the second-hand housing prices in cities like Shenzhen and three others have stopped declining and turned to increase month-on-month.
On December 1, the third-party research institution, China Index Academy, released the "Price Index Report for 100 Cities." The report shows that the real estate market is experiencing a phase of "stabilization." In November, the second-hand housing prices in 100 cities broke the trend of seven consecutive months of decline, with prices in four cities, including shenzhen and chengdu, showing a month-on-month increase. The new housing market saw an increase in prices for newly built residences due to the entry of some high-quality improvement projects.
In November, shenzhen saw 7,125 second-hand residences officially signed, marking the highest point in nearly four years.
Data monitored by the Leyoujia Research Center shows that in November, the presale of new commodity residences in shenzhen reached 8,076 units, a month-on-month increase of 94.5%, second only to January 2021, making it the second highest point in nearly four years. Additionally, monitoring data reveals that 7,125 second-hand residences were officially signed in shenzhen in November, a month-on-month increase of 16.5%, the highest point in nearly four years.
The interest rate for first-time home loans in hangzhou has suddenly increased to 3.1%.
"Starting from November 30, the main commercial banks in zhejiang province will not issue first-time home loans with an interest rate lower than 3.1%." Reporters confirmed this information with banks and intermediary institutions, and it was accurate. Today, the reporter interviewed several second-hand intermediary stores in areas such as nanxingqiao, chengdong, and qianjiang century city, where intermediary agents indicated that they received internal notifications last night regarding the formal enforcement of the interest rate adjustment on November 30, changing both first-time and second-time home loan rates from 3.0% to 3.1%.
In November, hangzhou recorded 10,429 officially signed second-hand residences, setting a record high in the past 20 months.
According to data monitored by the Hangzhou ke holdings Research Institute, in November, 10,429 signed contracts for second-hand houses were recorded in ten districts of Hangzhou, an increase of 14.4% compared to October (9,120 contracts) and an increase of 18.5% year-on-year compared to November last year (8,801 contracts); the number of signed contracts in November set the highest record since January this year, and this is also the highest record in 20 consecutive months since March 2023.
Wuhan has launched housing subsidies for families with multiple children, with a maximum benefit of 0.12 million.
On November 29, to accelerate the improvement of the fertility support policy system and incentive mechanism, and to promote the reasonable gathering and orderly flow of urban and rural populations and regional populations, the Housing and Urban Renewal Bureau of wuhan and the wuhan Housing Provident Fund Management Center jointly issued the "Notice on Housing Reward Policy for Families with Multiple Children." The notice states that wuhan registered families who have given birth to a second child in accordance with the national fertility policy before the issuance of the notice will receive a one-time housing subsidy of 0.06 million yuan when purchasing newly built commercial housing in the new urban area of wuhan (including the Yangtze River New Area) from the date of issuance of the notice until March 31, 2025. Families registered in wuhan who have given birth to a third child will receive a one-time housing subsidy of 0.12 million yuan.
9. Hainan adjusts housing provident fund loan limits: increases loans for new and second-hand houses.
The Hainan Provincial Housing Provident Fund Management Bureau has issued a notice soliciting opinions on the "Notice on Adjusting and Optimizing Relevant Policies for Personal Housing Loans from the Housing Provident Fund (Draft for Solicitation of Opinions)". The draft mentions that for purchasing newly built self-occupied housing, the maximum loan limit for individuals paying into the housing provident fund will be adjusted from 0.7 million yuan to 0.8 million yuan, and the maximum loan limit for couples paying into the housing provident fund will be adjusted from 1 million yuan to 1.1 million yuan; for purchasing second-hand self-occupied housing, the maximum loan limit for individuals paying into the housing provident fund will be adjusted from 0.4 million yuan to 0.6 million yuan, and the maximum loan limit for couples paying into the housing provident fund will be adjusted from 0.7 million yuan to 0.9 million yuan.
10. Starting from November 30, the interest rate for first home loans in Ningbo will be raised to 3.1%.
On the evening of the 29th, several large real estate intermediary institutions in Ningbo received notifications from major banks stating that starting from November 30, the interest rate for first home loans from major banks will be adjusted from the current LPR-60 basis points to LPR-50 basis points. This news has also been confirmed by bank personnel. Currently, the LPR for more than 5 years is 3.6%, so after this adjustment, the actual interest rate for first home loans in Ningbo will increase from 3% to 3.1%. It is reported that the second home loan rates from major banks remain unchanged at LPR-40 basis points, with an actual interest rate of 3.2%. According to reports from Hangzhou.net tonight, starting from November 30, personal housing loan rates in Zhejiang province will not be lower than 3.1%.
11. In November, the total number of second-hand houses sold in Shanghai exceeded 0.027 million units, making it the month with the highest second-hand housing transaction volume in 2024.
According to data from Wind and the Shanghai Housing Management Bureau, on Saturday (November 30), 1,227 second-hand houses were sold in Shanghai, setting a new monthly high for second-hand home daily transaction volume. In November, the total number of second-hand houses sold in Shanghai was 0.02705 million units, making it the month with the highest second-hand housing transaction volume in 2024. Data from Anjuke Shanghai shows that this is also the first time the transaction volume of second-hand houses in Shanghai has exceeded 27,000 since March 2021, setting a new high in nearly 44 months. It is worth noting that the listing prices of second-hand houses in Shanghai are still in a continuous decline phase, without a price turning point appearing yet. (Securities Times)
12. Taiyuan has introduced new policies to regulate the real estate market, implementing pilot programs for capped pre-sales and sales of existing homes.
Taiyuan has launched new policies to regulate the real estate market order and promote healthy market development. The commodity housing projects built on newly transferred land will implement a capped pre-sale system; a pilot program for the sale of existing properties will be explored in certain counties (cities, districts); once the conditions for real estate registration are met, homebuyers can receive the property ownership certificate at the same time they obtain the house keys, realizing "delivery of property equals delivery of certificate." (Taiyuan Daily)
On December 1, 206 new homes and 106 second-hand homes were signed online in Peking.
Data from the Beijing Municipal Commission of Housing and Urban-Rural Development shows that on December 1, Peking saw 206 new homes signed online, covering an area of 16,494.97 square meters, of which 119 residential units were signed online with an area of 13,771.91 square meters; 106 second-hand homes were signed online, covering an area of 11,301.4 square meters, with 97 residential units signed online over an area of 11,033.62 square meters. (Beijing Business News)