1. Central Index Research Institute: In November, the total amount of bonds issued for real estate companies increased by 9.0% year-on-year.

According to monitoring by the Central Index Research Institute, the total amount of bond financing for real estate companies in November 2024 is 48.27 billion yuan, an increase of 9.0% year-on-year, continuing to show positive growth for three consecutive months due to last year’s low base, and a month-on-month increase of 66.6%. The average interest rate for industry bonds is 2.73%, a decrease of 0.85 percentage points year-on-year and a decrease of 0.25 percentage points month-on-month. From January to November 2024, the total amount of bond financing in the real estate industry was 485.27 billion yuan, a year-on-year decrease of 24.0%, with the decline narrowing compared to the previous month.

2. The property markets in Nanjing, Suzhou, and Wuxi experienced steady recovery in November, with Nanjing’s new home transactions reaching a yearly high.

In November, under the continuous release of bullish policies in the real estate market, the property markets in Nanjing, Suzhou, and Wuxi steadily rose. In Nanjing, 7,328 second-hand homes were sold, which is a month-on-month increase of 13.2%, and the average transaction price increased by 2.7% month-on-month, indicating growth in both volume and price. In terms of new homes, Nanjing’s transaction area in November reached 0.5603 million square meters, surpassing the typical 'Golden September and Silver October' trend. Wuxi saw a new home transaction area of 0.1784 million square meters in November, an increase of 6% month-on-month, and the average transaction price rose by 3.2% month-on-month. By November 28, Suzhou’s new home transaction area and average price exceeded October’s levels, demonstrating a month-on-month increase. Data on new home transactions come from CRIC, which shows that in November, both volume and price of new homes in Nanjing, Suzhou, and Wuxi increased together. Notably, Nanjing's new home transaction volume reached a yearly high, and the year-on-year and month-on-month index turned positive. Weekly transactions stabilized around 1,000 units, reflecting a steady release of market demand and a more stable rhythm. The effective boost in home-buying confidence due to bullish policies is expected to maintain market enthusiasm until year-end.

3. Two months after the introduction of new real estate policies, Shenzhen's transaction volume continues to rise.

Since the introduction of new real estate policies in Guangdong's Shenzhen on September 29, the transaction volume in the real estate market has been continuously rising, showing a situation of increasing volume and stable prices. According to statistics from the Shenzhen Real Estate Agency Association, the city recorded 8,734 pre-sale new homes in November, a year-on-year increase of 158.9%; of which, 8,076 were residential units, a month-on-month increase of 94.5% and a year-on-year increase of 191.2%. (CCTV News)

4. In November, Beijing's number of second-hand housing online agreements reached 0.0185 million units, hitting a new high in 20 months.

The Beijing Municipal Housing and Urban-Rural Development Committee reported that in November, Beijing saw 0.0185 million units of second-hand housing online agreements, a month-on-month increase of 8%, hitting a new high in 20 months. The transaction area for second-hand housing in Beijing is approximately 1.6673 million square meters, with the market continuing to perform actively. According to a property agency in Beijing, the past two months have seen a significant increase in average monthly inquiries due to multiple bullish influences such as tax incentives and the lifting of certain purchase restrictions. In November, the main focus of transactions in this agency was on residential units under 90 square meters, meeting the needs of first-time buyers. (CCTV News)

The area of new residential online signing exceeds 0.9 million square meters, and the real estate market in guangdong continues to be hot in November.

According to the Guangzhou Municipal Bureau of Housing and Urban-Rural Development, the online signing volume of both new and second-hand commercial housing in Guangzhou saw positive growth year-on-year and month-on-month in November, with the area of new residential online signing exceeding 0.9 million square meters, indicating that the real estate market continues to maintain its heat. Data shows that in November, the area of new residential online signing in Guangzhou was 0.9002 million square meters, a year-on-year increase of 53.2%. The area of second-hand residential online signing was 1.2412 million square meters, an increase of 2.5% year-on-year. (CCTV News)

New policy for housing provident fund in Xinyang allows homebuying employees and their spouses to withdraw account balances for down payments.

To further support eligible homebuying employees in withdrawing their housing provident fund and alleviate their financial pressure before purchasing homes, the Housing Provident Fund Management Center of Xinyang City, Henan Province, issued a notice on "Withdrawing Housing Provident Fund for Down Payments on Newly Constructed Presale Commercial Housing," effective from December 3. It is specified that from the date the homebuying employee signs the "Commitment to Withdraw Housing Provident Fund for Down Payments," both the employee and their spouse can apply to withdraw the balance within their housing provident fund account for the down payment, with the total amount not exceeding the agreed down payment in the commitment letter. Employees applying for housing provident fund loans must ensure that the main borrower retains sufficient balance to avoid the withdrawal amount affecting the loan limit and to prevent insufficient balance due to prior withdrawals impacting the loan application requirements. (Dahe Finance)

The Hong Kong Monetary Authority has launched a one-time special arrangement to assist buyers of high-priced properties by raising the upper limit of mortgage ratios to 80%.

The Hong Kong Monetary Authority has introduced a one-time special arrangement to assist buyers of high-priced pre-sale properties, with the mortgage ratio limit increased to 80 percent and the payment-to-income ratio limit raised to 60 percent. Over the past three years, official residential property prices have fallen by more than 25% from their peak. Some buyers of pre-sale residential properties who choose to pay during the construction period may encounter situations where property valuations fall below the fill price when applying for mortgage loans, facing difficulties in raising the down payment. At the same time, some banks have expressed to the Monetary Authority a desire to help these users with real difficulties, provided the risks are manageable. This special arrangement covers self-use pre-sale residential properties for which provisional sale and purchase agreements are signed between January 1, 2021, and December 31, 2023, and for which the mortgage application date is today or later. In addition, the property valuation at the time of applying for the mortgage must be lower than the fill price. (Hong Kong Monetary Authority)

Fuzhou adjusts first-home loan interest rates to 3.1%, with multiple locations recently raising first-home loan interest rates.

According to reports, Fuzhou's first-home loan interest rate has been raised to 3.1%. A staff member from the loan department of a local branch of the Construction Bank informed reporters, "It was previously 3.05%, and it was just raised today." Reports indicate that not only Fuzhou but also cities such as Guangzhou, Hangzhou, and Xiamen have recently increased their newly issued mortgage interest rates. One background for this wave of interest rate hikes is that after the LPR for terms over 5 years was lowered by 25 basis points in October, mortgage interest rates in various locations have entered the "2% range," setting a new low. (Daily Economic News)

9. Poly developments and holdings group: The contract amount for the first 11 months was 308.024 billion yuan, a year-on-year decrease of 22.9%.

Poly developments and holdings group announced that in November 2024, the company achieved a contracted area of 1.3799 million square meters, a year-on-year decrease of 16.93%; the contracted amount was 24.001 billion yuan, a year-on-year decrease of 24.72%. From January to November 2024, the company achieved a contracted area of 17.102 million square meters, a year-on-year decrease of 24.25%; the contracted amount was 308.024 billion yuan, a year-on-year decrease of 22.90%.

10. Real estate financing coordination mechanism: Over 1000 projects nationwide received 200 billion yuan in bank support.

Data from December 5th shows that the speed of real estate loan issuance has accelerated in the fourth quarter, particularly the advancement of compliant projects has become the core of current work. Preliminary statistics indicate that nationwide, over 1000 problematic projects have been repaired and included in the "white list", receiving nearly 200 billion yuan in bank financing support. Currently, the loan approval amount for these "white list" projects has exceeded 3 trillion yuan. The Financial Regulatory Bureau expects that by the end of 2024, this figure will surpass 4 trillion yuan.

11. Hubei Ezhou to acquire completed stock residential properties for use as affordable housing.

On December 3rd, the Ezhou City Housing and Urban-Rural Development Bureau announced that it would acquire completed stock residential properties for use as affordable housing. The announcement clarified key matters such as the targets for collection, time limits, requirements, and purchase prices. The targets for collection are residential property projects that have been completed and accepted but not sold within the Ezhou City area, with the collection period beginning from the announcement date until December 9, 2024. Collection requirements include that the project has no judicial seals or other transfer restrictions, convenient transportation, complete supporting facilities, and clear related procedures, assets, liabilities, and legal relationships. The sources of properties acquired for the purpose of market-oriented affordable housing should have the nature of commercial residences, primarily with a construction area not exceeding 120 square meters; properties for affordable rental housing should primarily consist of small units with a construction area not exceeding 70 square meters, and generally should be entire buildings or entire units. The purchase price will be referenced against the replacement price of affordable housing in the same area (i.e., land allocation cost and construction cost plus no more than 5% profit).

12. The second batch of shared ownership housing in Shenzhen opens online subscription, offering 664 units.

On December 5th, the Housing and Construction Bureau of Bao'an District, Shenzhen, announced that the shared ownership housing project, Yuezhang Phoenixli, located in Fuhai Street, has officially launched its allocation and is now accepting online subscriptions. This project offers 664 units at an average price of 20,690 yuan per square meter, marking the launch of the second batch of shared ownership housing projects in Shenzhen. It is worth noting that since the first batch of shared ownership housing projects, Jiayu Fashion Garden, was launched at the end of last month, it has received enthusiastic market response. More than 10,000 people attended the viewing on-site, and as of yesterday, over 3,000 people have applied for online subscriptions.