Jinwu Finance reported that Mainland Real Estate stocks fell with the market, ZHONGLIANG HLDG (02772) decreased by 5.79%, CHINA VANKE (02202) dropped by 4.2%, RADIANCE HLDGS (09993) fell by 3.32%, CHINA JINMAO (00817) declined by 2.97%, CHINA OVERSEAS (00688), LONGFOR GROUP (00960), and CHINA RES LAND (01109) all fell by more than 1%.
The Pacific Securities research report stated that in November, the national sales volume and sales area of commercial housing shifted from negative to positive year-on-year, indicating a recovery in buyer confidence, leading to a warming market. The funding for Real Estate has improved, and December is generally the time for real estate companies to push for year-end performance, so there is expected to be an increase in project launches and continued market activity. The recent Politburo meeting and the Central Economic Work Conference released Bullish Signals, and it is anticipated that policies such as government acquisitions of existing housing and urban village renovations will accelerate, with the effects of these policies requiring further observation. It is suggested to pay attention to related local state-owned enterprises and developers.
BOC International stated that the current direction of the Industry is clearly positive, with the sales fundamentals in October and November continuing to improve. The bank believes that policies surrounding the supply and demand sides of the property market and economic recovery are still in the process of exerting their influence, and the new policy to reduce housing transaction taxes will be implemented starting in December, which can help to solidify the previous market recovery to some extent. Combined with the year-end rush by various developers to boost sales performance, the bank expects that December's transactions will continue to recover. Whether the recovery trend in transactions can be further solidified next year will depend on Real Estate policies and the impact of macro fiscal policies on the economy. However, from the recent Politburo meeting reiterating the main theme of 'stabilizing the property market', it is clear that the central government is strongly determined to 'stabilize Real Estate', and if the effects of previous policies weaken, stimulus on the demand side is expected to intervene in a timely manner and continue to increase.
