Goldman Sachs published an industry report saying that the National Bureau of Statistics announced China's real estate market in JuneAccording to the data, real estate sales volume and price increased by 2% and 9% year-on-year respectively during the month, while the average price increased 7% year-on-year. Due to June salesContinued recovery, and sales prices beat expectations, so the forecast for this year's property price decline was raised, tied with China and Overseas (0688.HK) and China Overseas (0688.HK)Yang (0081.HK) and Agile (3383.HK) are the first choices in the industry, both of which are given to them”buy” Ratings and inclusion in the list of confident buyersSingle.

Goldman Sachs believes that the decline in real estate sales narrowed further in June, mainly due to domestic housing to reach sales targets for the first half of this yearAccelerated launch of new listings, continued release of demand suppressed by the pandemic, easing of the mortgage loan environment, and buyer confidence as economic activity resumedrecovery.

The bank maintained its forecast of a 10% year-on-year decline in real estate sales in the mainland this year, but reduced property prices by 5% from the original forecast.It was revised upwards to a 2% drop. Furthermore, although the recovery of total construction area slowed down in June, the bank maintained a year-on-year increase in total construction area this yearThe long-term 10% forecast remains unchanged, and an annual increase of at least 20% is expected for the rest of the year.

Goldman Sachs also pointed out that the total sales value of domestic housing companies covered by the bank in the first half of the year remained the same year over year, and believes its contract sales performance will continue to runYingdashi, assuming no new projects are added, sales are expected to increase by an average of 9% year-on-year this year, while the industry is expected to drop 15%.